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TEB sytstem

  • #221
  • Mar 23, 2007 12:06pm Mar 23, 2007 12:06pm
Quoting amaruenterprise
TEB63, THANK YOU !!! I've used multiple time frames in the past but never could make them mesh until now, this is fantastic!!!! Thank you..
Have a fantastic weekend..
I

second what amaruenterprise said. Thank you so much. By far, your method works for me the best.


BTW, the Stoch with Alarm Rocks!! Thanks.

Andy L
  • #222
  • Mar 23, 2007 12:08pm Mar 23, 2007 12:08pm
Quoting alcastro
TEB,

I thought you were using Day, 4 hr and 30 mins (not 15 mins!!!).

Is that correct?
Yes you are right- other then around news times
which has nothing to do with this system I never use 15 in real trading.
- I have tried it in demo with 4 hour 1 hore & 15mins in this system
but not in live trading !
  • #223
  • Mar 23, 2007 12:12pm Mar 23, 2007 12:12pm
Teb,
Do you draw the upper/lower trendlines by hand or you use some indicator (SHI maybe) ?
Thanks a million
  • #224
  • Mar 23, 2007 12:30pm Mar 23, 2007 12:30pm
Quoting trendspider
Teb,
Do you draw the upper/lower trendlines by hand or you use some indicator (SHI maybe) ?
Thanks a million
by hand
  • #225
  • Mar 23, 2007 4:38pm Mar 23, 2007 4:38pm
hi ted,

i still have this confusion, about the 4hr line, do you draw it when the stoch is starting to cross or, do you draw it after the 4hr candle finished its formation?, how long have u been testing it live?
  • #226
  • Mar 24, 2007 9:03am Mar 24, 2007 9:03am
This indicator may be helpful for this method.

http://www.forex-tsd.com/tools-utili...on-helper.html
  • #227
  • Mar 24, 2007 12:18pm Mar 24, 2007 12:18pm
it looks like a great indicator. Anyone know how to customize it for this method ?
The future depends on what we do in the present.
  • #228
  • Mar 24, 2007 12:43pm Mar 24, 2007 12:43pm
C.E.O. Thanks...Awesome Indicator.

Compro99 The default setting on the indicator for stochastics is already set at 5,3,3. You can expand the time frames to include Day, Week and Month by changing Intraday Range to false.
  • #229
  • Mar 24, 2007 1:38pm Mar 24, 2007 1:38pm
Quoting chazbo 3071
C.E.O. Thanks...Awesome Indicator.

Compro99 The default setting on the indicator for stochastics is already set at 5,3,3. You can expand the time frames to include Day, Week and Month by changing Intraday Range to false.
Its okay but it is not as good as doing by hand
  • #230
  • Mar 24, 2007 8:53pm Mar 24, 2007 8:53pm
Quoting chazbo 3071
C.E.O. Thanks...Awesome Indicator.

Compro99 The default setting on the indicator for stochastics is already set at 5,3,3. You can expand the time frames to include Day, Week and Month by changing Intraday Range to false.

I think the indicator is not based on stoch crossover... but based on above/below 50 level.
The future depends on what we do in the present.
  • #231
  • Mar 25, 2007 4:06am Mar 25, 2007 4:06am
I am new in forex. I find Teb system is simple to understand. Teb, I will try your system on virtual and see how it goes. Thank you Teb for sharing.
  • #232
  • Mar 25, 2007 7:13am Mar 25, 2007 7:13am
Quoting compro99
I think the indicator is not based on stoch crossover... but based on above/below 50 level.
I understand I think -
but you want the stoch coming out of the 20% 80% ranges not the 50% except in a very strong trends

To have to have the 30 min & 4 hour & the day all moving through the 50%
I think you will lose a lot of trades changes -
& may in fact might end up on the wrong side of the trend by the time you get in.
But for a very strong trend you the stochs coming out of the 20-80% not the 50%!
esp. the 30 min
  • #233
  • Edited 7:51am Mar 25, 2007 7:41am | Edited 7:51am
Attached Image


Eur/Usd 30min


red lines are 4 hour channel
black lines 30 channel
chech marks are where the price is in the channels
Where do you think price is going?
stoch is down on the day so it will go down sooner or later!
But the 4 hour stoch is up and coming out of the 20%!
& it looks like the 30 min stoch is up too

the 30 min channel is down
the 4 hour channel is up
& price closed in the 4 hour channel like a bounce?

and added to that we broke the day channel that was very strong S/R
for a few weeks to the upwards a few days ago which normally means up?

what do you think!
  • #234
  • Mar 25, 2007 12:07pm Mar 25, 2007 12:07pm
I say wait for the day, 4 hr and the 30 min stochs to line up, or you're just guessing.
Life is too short to have anything but delusional notions about yourself.
  • #235
  • Mar 25, 2007 12:17pm Mar 25, 2007 12:17pm
Quoting TEB63
I understand I think -
but you want the stoch coming out of the 20% 80% ranges not the 50% except in a very strong trends

To have to have the 30 min & 4 hour & the day all moving through the 50%
I think you will lose a lot of trades changes -
& may in fact might end up on the wrong side of the trend by the time you get in.
But for a very strong trend you the stochs coming out of the 20-80% not the 50%!
esp. the 30 min
The Stochastic on the MTF indicator also includes RSI and CCI. By adjusting the parameters, MTF indicators can be helpful screening tools; however, you are absolutely right, there is no substitute for actually studying the higher time frame charts. You can see crossovers, angle and separation of the lines (strength of trend), trendlines etc.

The Higher Time Frames are the Bus Driver, the Lower Time Frames are the Passengers.
  • #236
  • Mar 25, 2007 2:59pm Mar 25, 2007 2:59pm
Quoting hoss
I say wait for the day, 4 hr and the 30 min stochs to line up, or you're just guessing.
of coarse you are right
I was just wondering what people think
  • #237
  • Mar 25, 2007 4:29pm Mar 25, 2007 4:29pm
hi ted,

nice to see you around, wanted to ask you about the drawing of the lines of 1day stoch and the 4hr stoch, sometimes when the 4hr stoch cross, and also the 30min stoch cross, it`s already too late to take the first arrow in the entry, how you do to get a good entry as both stochs could be crossing at the same time?
  • #238
  • Mar 25, 2007 5:09pm Mar 25, 2007 5:09pm
Quoting blanca
hi ted,

nice to see you around, wanted to ask you about the drawing of the lines of 1day stoch and the 4hr stoch, sometimes when the 4hr stoch cross, and also the 30min stoch cross, it`s already too late to take the first arrow in the entry, how you do to get a good entry as both stochs could be crossing at the same time?
hi Blance

if the 4 hour has crossed I am looking for a reason to get in! but!!!`
2 thing
1st. It is always safer to wait for the 30 mins stoch to come a round a 2nd time
2nd. you might well miss a lot of the pip move if you wait till it comes around a 2nd time``

so the way I Ideal with this is the use of the 50ema

where is price to the 50ema on the 30min chart
if price is on the wronge side of the 50ema I would look to take the trade
if not I will wait untill the 30 min stoch comes around again for a second time

but I also would keep my eyes on the candle & candle formations
esp`any big candle tails etc/.
  • #239
  • Edited 6:03pm Mar 25, 2007 5:33pm | Edited 6:03pm
Attached Image


big red line is day the stoch
thin red line is the 4 hour
arrow is the 30 min stoch
red ema is 50

I wouldn't take this trade
it still might still be a winner?
but I would wait untill the 30 min stoch comes around again

the reason is price is to far a head of the 50ema
if price was on the other side of the 50ema
I would take the price trade ina NY second
  • #240
  • Mar 25, 2007 6:54pm Mar 25, 2007 6:54pm
Look at gpb/jpy in 30 and 4 h.Buy signal?
Sorry about my english...
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