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TEB sytstem

  • #481
  • Mar 29, 2007 7:05am Mar 29, 2007 7:05am
here we go, numbers out in 30mins but japan is starting to move.

futures JYM7 is bouncing of the lows, for the month, bang on the 50ema on daily charts. it has room for a nice move up
The quality of your life is brought about by the quality of your thinking.
  • #482
  • Mar 29, 2007 7:06am Mar 29, 2007 7:06am
Watching Eur/Chf.
  • #483
  • Mar 29, 2007 7:39am Mar 29, 2007 7:39am
nothing !!! anybody ???
The quality of your life is brought about by the quality of your thinking.
  • #484
  • Mar 29, 2007 7:46am Mar 29, 2007 7:46am
Quoting hornet
nothing !!! anybody ???
Waitng for USDJPY stoch to filp - they stopped at big 0.618
  • #485
  • Mar 29, 2007 7:49am Mar 29, 2007 7:49am
Quoting Hadrys
Waitng for USDJPY stoch to filp - they stopped at big 0.618
yes, and GBPUSD is looking good
The quality of your life is brought about by the quality of your thinking.
  • #486
  • Mar 29, 2007 7:51am Mar 29, 2007 7:51am
eur/usd

day & 4 hour stoch up
& big big tail on the 30 min candle

  • #487
  • Mar 29, 2007 7:55am Mar 29, 2007 7:55am
Quoting hornet
yes, and GBPUSD is looking good
I'm tired of cable!! Tryin to exit with some profit buy they just don't let it go... it's to overspeculated right now I suppose. These choppy (I like TEBs word) moves doesn't make much sense :/
  • #488
  • Mar 29, 2007 7:58am Mar 29, 2007 7:58am
Quoting Hadrys
I'm tired of cable!! Tryin to exit with some profit buy they just don't let it go... it's to overspeculated right now I suppose. These choppy (I like TEBs word) moves doesn't make much sense :/
in all honesty I just wish it came down big time, I'm long of june's put
The quality of your life is brought about by the quality of your thinking.
  • #489
  • Mar 29, 2007 8:06am Mar 29, 2007 8:06am
Quoting hornet
in all honesty I just wish it came down big time, I'm long of june's put
so you need quite a nice down but generally I think they should get back to june/july levels and we want see 2.000...
  • #490
  • Mar 29, 2007 8:08am Mar 29, 2007 8:08am
Quoting Hadrys
so you need quite a nice down but generally I think they should get back to june/july levels and we want see 2.000...
yes I think you're right, it will go up before it comes down and maybe june is just a bit too soon
The quality of your life is brought about by the quality of your thinking.
  • #491
  • Mar 29, 2007 8:12am Mar 29, 2007 8:12am
Hi guys,

Firstly I just want to say this is a great thread and thanks to TEB & everyone for their insight into the system.

I just have a quick question for everyone.

Do you guys take trades against the daily stoch?? I know its against the basic rules of the system, however I see in TEB's other thread he talks about trading just using the 4H & 30M TF...I'm just curious as to how many of you do that method and how successful it has been?

Also for example the AUD/JPY trade that was talked about yesterday, was this trade based on all 3 stochs lining up?? If so can someone post the time this trade was taken.

Again thanks for everyones help.
  • #492
  • Mar 29, 2007 8:23am Mar 29, 2007 8:23am
Ha! No, didn't lose any yesterday. I prefer to trade the 30 min, so if I don't get nice set-ups, I simply don't trade. No big deal. With proper $ mgt, you don't need to nail too many of these a week to do very well for yourself anyway. I'm not trading today or tomorrow either as I am on the road. But, I will be checking in periodically to see how you guys are doing. I'll be back trading on Monday!

Quoting benssol
I didnt know what happen with you HOSS but I wish you didn't lost a lot of money

I dont know where is the non-choppy un-ranging days the people talk about !!

when a day come with news they say it's safe to be out, and when a day come without a news they say a quit day !!

yes this was a choppy day but we can gain from it

today I made many successful trades

5 in G/J : 3 short, 2 long
2 in E/J : shorts
4 E/U :2 short, 2 long
1 USD/CHF: the last one I talked about with TEB = +35 pips
1 short on chf/jpy
1 short eur/chf
1 long aud/usd
2 in G/chf : 1 long, 1 short
1 long in U/CAD: the one I talked about with HOSS = +14 pips

and only one lose
1 U/J = -8 pips

yes what a choppy day

I know one rule

NO RISK NO GAIN

one thing the group will be a great idea
I say before we need a team

what about a paltalk room TEB??
Life is too short to have anything but delusional notions about yourself.
  • #493
  • Mar 29, 2007 8:26am Mar 29, 2007 8:26am
Quoting romerez
Hi guys,

Firstly I just want to say this is a great thread and thanks to TEB & everyone for their insight into the system.

I just have a quick question for everyone.

Do you guys take trades against the daily stoch?? I know its against the basic rules of the system, however I see in TEB's other thread he talks about trading just using the 4H & 30M TF...I'm just curious as to how many of you do that method and how successful it has been?

Also for example the AUD/JPY trade that was talked about yesterday, was this trade based on all 3 stochs lining up?? If so can someone post the time this trade was taken.


Again thanks for everyones help.
some people are doing 4 hour / 1 hour / 30 min so treat the 4 hour like a day stoch

but I will take it on 2 stochs ( 4 hour & 30 mins)
if price is on the wrong side of the 50ema (red ma on my charts)
normally I like it way over

& I want the 4 hour stoch to be around the 50% or better /less going the way of the trade
& I want the candle formation to go with the trade
better still a big tail going with the trade

but it is a more risky - you are not trading with longer term trend
if you just stay with the 3 stochs till you feel good about the system
you will win lots- you don't have to go with ust 2


TEB System Rule

http://www.forexfactory.com/images/misc/progress.gif

  • #494
  • Mar 29, 2007 8:36am Mar 29, 2007 8:36am
took cable, short at 1.9628
The quality of your life is brought about by the quality of your thinking.
  • #495
  • Mar 29, 2007 8:36am Mar 29, 2007 8:36am
Quoting romerez

Also for example the AUD/JPY trade that was talked about yesterday, was this trade based on all 3 stochs lining up?? If so can someone post the time this trade was taken.

Again thanks for everyones help.
I took the trade yester @ 19:38 I believe its GMT. Thats the the time on my IBFX. BOTH THE 30m AND THE 4H LOOKED PERFECT TO ME.

ENTER 94.23
EXIT 95.03

Total 80 pips. I chickened out....I could have stayed in. Its huvering at 95.13
  • #496
  • Mar 29, 2007 8:36am Mar 29, 2007 8:36am
usd/jpy potential setup

4 hr & 30 min > 80
price > 50
Attached Image
  • #497
  • Mar 29, 2007 8:48am Mar 29, 2007 8:48am
is anyone in on the eur/usd
  • #498
  • Mar 29, 2007 8:48am Mar 29, 2007 8:48am
I need some clarification: The rules as I had them when I programmed the EA are not working; the system fails miserably under the following rules:

This is for using the Stoch(5,3,3) on Daily, 4-hour, and 30-min charts.

  1. Check the daily cycle: If the %K > %D and the %D has just crossed above 20, then we have a BULLISH daily signal. (Opposite for BEARISH).
  2. Check the 4-hour cycle: Same signal rules as the daily but applied to the 4-hour Stoch.
  3. If the Daily cycle is BULLISH and the 4-Hour cycle is BULLISH and...
    If the %K > %D and the %D has just crossed above 20, for the 30-min Stoch, then we have a BUY signal; so GO LONG. (Opposite for short orders).


This was tested on EUR/USD dating back to 1999. Why does it fail? Well look at the attached chart. There is clearly an up trend yet the system keeps trying to sell, to go short. This is because look at the Daily stoch on the chart, it is in the OVERBOUGHT region, so it is giving BEARISH signals. The problem is that the stochastics (as well as most oscillators) have a tendancy to "stick" to the top side (overbought region) during an up trend and vice versa for a down trend.

Now I don't doubt that this general strategy of multiple time frames with one indicator works, in fact I like it a lot. But there must be some rules you are applying that I have not considered...maybe you are applying these rules subconsiously, but let's try and uncover them. For example: Maybe if the stoch is overbought and gives a bearish signal, but then later turns back around and crosses back above 80, then that should restore the bullish signal...

Any thoughts?

Thanks,
mathematician

Attached Image
  • #499
  • Mar 29, 2007 8:52am Mar 29, 2007 8:52am
Quoting TEB63
is anyone in on the eur/usd
i saw it cross but just hate to trade this pair. it's like watching paint dry
  • #500
  • Mar 29, 2007 8:52am Mar 29, 2007 8:52am
Quoting lcfxtrader
usd/jpy potential setup

4 hr & 30 min > 80
price > 50
Where's your target? And I can't see price above EMA
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