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TEB sytstem

  • #181
  • Mar 23, 2007 1:41am Mar 23, 2007 1:41am
how do you exit your trades?

thanks

Quoting benssol
Hi BET and everybody

after testing your idea twice on demo
here is my live trades results
yestarday:
G/J +15 pips
U/J +7
E/J +20
U/J +15
E/J +10
G/J +6
E/U +6
E/U +20
U/CAD +5
G/U +36 (+ retail sales)

today
G/J +10
U/CAD +6
G/J +30
U/CHF +10
and I will short G/J again when I see a signal

so thank you again for the idea(even MTTF idea is old but you organize it with one indi)
and I care only to exit with +ve pips
usually I monitor ten pairs but using alot of tecs and you simplify this

thanks again and keep the good work
  • #182
  • Mar 23, 2007 3:20am Mar 23, 2007 3:20am
LOL bagvino
I didnt anything new
I just follow TEB's steps

and for today's list LOL
G/J +53 pips (charts attached)
NOTE I never traded more than two trades in fridays, so Thanks again TEB





Quoting bagovino
Benssol,

Your kickin' ass...... Care to share how you trade this system???

Much Thanks!

B.
Attached Image
  • #183
  • Mar 23, 2007 3:27am Mar 23, 2007 3:27am
Man I said I exit with +ve pips and it depend on volatility of the pair
for ex.
G/J TP >=20 pips
U/CAD =< 20 pip

and so on

I don't want to say this but usually I didn't use SL cause I never leave open positions while I'm away from computer

Happy Trading ...

Quoting gtketum
how do you exit your trades?

thanks
  • #184
  • Mar 23, 2007 3:27am Mar 23, 2007 3:27am
ben,

could you please the chart and your entry and exit price, did u do two trades in gbpjpy? were they two shorts?
  • #185
  • Mar 23, 2007 3:38am Mar 23, 2007 3:38am
yes blanca all of them are shorts
and they are 5
when I enter the third @231.90 after I seen a short signal the price goes up (it's Fridays) then I double the position @232.04 then it goes up again while the signal still short so I double again @232.17 and finally exit all of them @231.86
(stat attached)


Quoting blanca
ben,

could you please the chart and your entry and exit price, did u do two trades in gbpjpy? were they two shorts?
Attached Image
  • #186
  • Mar 23, 2007 4:15am Mar 23, 2007 4:15am
ben, how do you exit in case the signal changes its direction?, maximum sl you take?
  • #187
  • Mar 23, 2007 4:18am Mar 23, 2007 4:18am
Man does anyone see anything?
  • #188
  • Mar 23, 2007 4:21am Mar 23, 2007 4:21am
teb i think usdjpy , i took a short at 118.16 with target at uptrendline at 117.50, if i understand well, what is your opinion? one small question, do you draw the 4hr line in the chart when the 4hr candle is already closed?
  • #189
  • Mar 23, 2007 4:29am Mar 23, 2007 4:29am
Quoting blanca
teb i think usdjpy , i took a short at 118.16 with target at uptrendline at 117.50, if i understand well, what is your opinion? one small question, do you draw the 4hr line in the chart when the 4hr candle is already closed?

I see it on the charts I just got up you bought after the big tail!!
Good going!!

If I HAD been up I would have taken it to - even though the day has not turned - doesn't pay to sleep
Attached Image

30 min USA/JPY

if it ends this 30 mins with a big tail I might think about exiting?
  • #190
  • Edited 5:00am Mar 23, 2007 4:35am | Edited 5:00am
Quoting blanca
teb i think usdjpy , i took a short at 118.16 with target at uptrendline at 117.50, if i understand well, what is your opinion? one small question, do you draw the 4hr line in the chart when the 4hr candle is already closed?
The 4 hour sometimes - but I like the chart simple so i will normal look where they are & if they are not cutting through the 30 min I leave them off (I do the same for the day)
but if price break the 30 min I put them on - 4 hour or day with ever is close to the braek
  • #191
  • Mar 23, 2007 4:48am Mar 23, 2007 4:48am
Teb,

Although it worked out, I dont see a text book short on the usd/jpy.
Daily was up, 4hr crossed down, then the 30 min crossed down.

So are we disreguarding the daily? It is still in an uptrend as we speak.

I'd appreciate an explanation... I missed a ton of pips on that one!!!

Thanks,

Bago
"Skills pay the bill's!"
  • #192
  • Mar 23, 2007 4:52am Mar 23, 2007 4:52am
Quoting bagovino
Teb,

Although it worked out, I dont see a text book short on the usd/jpy.
Daily was up, 4hr crossed down, then the 30 min crossed down.

So are we disreguarding the daily? It is still in an uptrend as we speak.

I'd appreciate an explanation... I missed a ton of pips on that one!!!

Thanks,

Bago
YA
I have an other thread where I use 2 stochs & a 50 ema
I think that is what he is using
Pluss remember its friday!!
sorry
  • #193
  • Mar 23, 2007 5:03am Mar 23, 2007 5:03am
Teb,

Can you post the rules from the other thread? I'd appreciate it.

From your experience, which works best?

Thank you again,

B.
"Skills pay the bill's!"
  • #194
  • Mar 23, 2007 5:13am Mar 23, 2007 5:13am
This one is the safe one- it wins all the the time

the other is the same as this one
but you use 2 stochs 30 min & 4 hour
& a 50 EMA
price has to be on the wronge side of the 50ema
so to buy under- to sell over
But I would still keep my eye on the day stoch
in this case the day is very high on the stoch
& price is way over the 50
I think price action & price possitioning are very important as well.

but the simple system is 3 stoch
& will make everyone a lot of money real safe!
I hope that helps
  • #195
  • Mar 23, 2007 5:16am Mar 23, 2007 5:16am
Got it....

Thanks!
"Skills pay the bill's!"
  • #196
  • Mar 23, 2007 5:31am Mar 23, 2007 5:31am
Quoting TEB63
This one is the safe one- it wins all the the time

the other is the same as this one
but you use 2 stochs 30 min & 4 hour
& a 50 EMA
price has to be on the wronge side of the 50ema
so to buy under- to sell over
But I would still keep my eye on the day stoch
in this case the day is very high on the stoch
& price is way over the 50
I think price action & price possitioning are very important as well.

but the simple system is 3 stoch
& will make everyone a lot of money real safe!
I hope that helps

Teb, In your other thread you write:
"- you use the 50ema to make sure you have pip room
ie. you want the 50ema under the price to sell
over the price to buy"

If I understand correctly, this is sort of a counter trend strategy?

Henry
  • #197
  • Mar 23, 2007 5:44am Mar 23, 2007 5:44am
Teb,
Have you tried other combination of TFs, for example 1hr, 30m and 15m for your stoch setup ?
Thanks

TS
  • #198
  • Mar 23, 2007 5:57am Mar 23, 2007 5:57am
Quoting trendspider
Teb,
Have you tried other combination of TFs, for example 1hr, 30m and 15m for your stoch setup ?
Thanks

TS
I personally don't like 15mins its crazy
I think its because all the systems out there use it
& so all new people start with it
& the big boys just make a killing on the new people

I have played on 4 hour 1 hour 15mins (demo account)
I think the 3 you speak of may be to close
to really see a differance in the price wave

But give it a try (demo account)
  • #199
  • Mar 23, 2007 6:37am Mar 23, 2007 6:37am
How about a 12 EMA crossing the 50 EMA for direction and stoch set at 5;3;3 for confirmation on 30min, 1hr, 4hr charts ?

Too complicated ???
The quality of your life is brought about by the quality of your thinking.
  • #200
  • Mar 23, 2007 6:37am Mar 23, 2007 6:37am
I think the eur/usd wants to go up?
anyone else have any thoughts on that?
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