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TEB sytstem

  • #501
  • Mar 29, 2007 6:55am Mar 29, 2007 6:55am
Quoting TEB63
is anyone in on the eur/usd
High probablility setup, daily 4h and 30 min all match up
  • #502
  • Mar 29, 2007 6:55am Mar 29, 2007 6:55am
Quoting TEB63
is anyone in on the eur/usd

Yes TEB I took it at 1.3331 all stochs were in the same direction and I'm +8 right now....I would have liked to have seen it all form a little lower from the 50EMA but I still think its a good trade for at least 20-30 pips.

I have no idea where to take profit though any ideas TEB??
  • #503
  • Mar 29, 2007 6:56am Mar 29, 2007 6:56am
Quoting gnspdr33
i saw it cross but just hate to trade this pair. it's like watching paint dry
but it does no funny stuff
its so easy trade with a trending system
19 pips to the good
& I am hoping for a longer ride
  • #504
  • Mar 29, 2007 6:58am Mar 29, 2007 6:58am
Quoting TEB63
but it does no funny stuff
its so easy trade with a trending system
19 pips to the good
& I am hoping for a longer ride
you must have gotten in on the long tail to be 19 up
  • #505
  • Mar 29, 2007 6:58am Mar 29, 2007 6:58am
Quoting TEB63
is anyone in on the eur/usd
has the candle closed already ? must have missed it...DAMN !!!
The quality of your life is brought about by the quality of your thinking.
  • #506
  • Mar 29, 2007 6:59am Mar 29, 2007 6:59am
Quoting romerez
Yes TEB I took it at 1.3331 all stochs were in the same direction and I'm +8 right now....I would have liked to have seen it all form a little lower from the 50EMA but I still think its a good trade for at least 20-30 pips.

I have no idea where to take profit though any ideas TEB??
when the 4 hour stoch turns against you the long easiest...
(when the 30 min turns against is the short easiest)
or if you see a big tail!!

what I am going to do!

****** by the way the US FEd chairman is about to speak
likely to get wild- I am going to close out untill after the talk
see you later
  • #507
  • Mar 29, 2007 7:04am Mar 29, 2007 7:04am
Quoting TEB63
when the 4 hour stoch turns against you the long easiest...
(when the 30 min turns against is the short easiest)
or if you see a big tail!!

what I am going to do!

Thanks TEB,

What was your entry price?? to be up +19?? Did you wait till the close of the 30 M candle before getting in or did you just get in as soon as the Stoch crossed or maybe you got in because you saw the big tail??
  • #508
  • Mar 29, 2007 7:07am Mar 29, 2007 7:07am
Quoting romerez
Thanks TEB,

What was your entry price?? to be up +19??
he didn't say he's 19 up, he's looking at taking +19. That's what I understood anyway.

if it is +19 already, good on you TEB
The quality of your life is brought about by the quality of your thinking.
  • #509
  • Mar 29, 2007 7:08am Mar 29, 2007 7:08am
i go long for eur/usd only to realize it's already over 50 ema. So I stop with +2 pips
  • #510
  • Mar 29, 2007 7:08am Mar 29, 2007 7:08am
Quoting romerez
Thanks TEB,

What was your entry price?? to be up +19?? Did you wait till the close of the 30 M candle before getting in or did you just get in as soon as the Stoch crossed or maybe you got in because you saw the big tail??

Yes the tail!!
when I have the 4 hour & the Day stoch strong in my way
I am looking for a reason to get in
it was also news that drove down the price
& that is not a real drop!

now what the fed pres says now could be a real drop !!
  • #511
  • Mar 29, 2007 7:16am Mar 29, 2007 7:16am
Quoting TEB63
Yes the tail!!
when I have the 4 hour & the Day stoch strong in my way
I am looking for a reason to get in
it was also news that drove down the price
& that is not a real drop!

now what the fed pres says now could ne a real drop !!
TEB,thanks for that explanation
  • #512
  • Mar 29, 2007 7:25am Mar 29, 2007 7:25am
what the hell? US data with *? jpyusd 60pips, cable 40 is seconds, nice stops harvesting

I think it's getting time to short usdjpy!!
  • #513
  • Mar 29, 2007 7:33am Mar 29, 2007 7:33am
Quoting Hadrys
what the hell? US data with *? jpyusd 60pips, cable 40 is seconds, nice stops harvesting

I think it's getting time to short usdjpy!!
no its the USA Fed Pres!
interst rate & carry trade stuff
  • #514
  • Mar 29, 2007 7:33am Mar 29, 2007 7:33am
I got stopped on both my earlier eurusd and usdchf when the news hit. I tightened up just before so wasn't too bad.

The usdjpy is down on the daily stoch so would have to trade against that if others turn? eurjpy might be a go'er if that 4hr stoch crosses back down soon.
  • #515
  • Mar 29, 2007 7:37am Mar 29, 2007 7:37am
Quoting Hadrys
what the hell? US data with *? jpyusd 60pips, cable 40 is seconds, nice stops harvesting

I think it's getting time to short usdjpy!!
Hadrys good job ! Are you using the MTF stochs or flipping time frames. I am flipping TFs and my 4 and 30 aren't flipped down yet. I tryed the mtf and there seemed to be a great difference?

Thanks
  • #516
  • Mar 29, 2007 7:38am Mar 29, 2007 7:38am
no go, i'm out, closed gbp/usd for 2 pips.

And my trading day is over. good luck guys
The quality of your life is brought about by the quality of your thinking.
  • #517
  • Mar 29, 2007 7:46am Mar 29, 2007 7:46am
Quoting renegade
Hadrys good job ! Are you using the MTF stochs or flipping time frames. I am flipping TFs and my 4 and 30 aren't flipped down yet. I tryed the mtf and there seemed to be a great difference?

Thanks
I switch TFs, they didn't crossed yet but are over 80%, fibos are also nice so I entered 117.87. Few pips want make a difference. It should fell nicely, I've set TP 50 pips just for now (above 50% fibo).
  • #518
  • Mar 29, 2007 7:50am Mar 29, 2007 7:50am
Quoting Hadrys
I switch TFs, they didn't crossed yet but are over 80%, fibos are also nice so I entered 117.87. Few pips want make a difference. It should fell nicely, I've set TP 50 pips just for now (above 50% fibo).
Thanks. Ive got it bouncing off the 78.6 from yesterday HL. Will keep an eye on it!
  • #519
  • Mar 29, 2007 8:01am Mar 29, 2007 8:01am
Inserted Code
Where's your target? And I can't see price above EMA ;)

I waiting on the set up to short usd/jpy (turn down on 4hr & 30 min). Target based on rules.
  • #520
  • Mar 29, 2007 8:07am Mar 29, 2007 8:07am
mathematician,

I'm new to TEB's system but I can see what you're saying where in a strong trend often the stoch does not come back to the 20 level.

Just as a suggestion, and this is not in line with TEB's rules, but what if you were to take the trades when the daily is crossed up and both the 4hr and 30min cross up but only have to cross below the say a 50 line on the stoch.

Only enter one trade at a time with a s/l of 20 or 30 and a TP of 50. At the end of the day I think it will be hard to write an EA, people are being somewhat discretionary, particularly on the exits.

Good luck buddy!
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