TEB sytstem | Page 37 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Teb:tweedle-dee System 9 replies

Teb 4MA System 4 replies

TEB simple system 42 replies

TEB trading group 28 replies

Attachments: TEB sytstem
Exit Attachments

TEB sytstem

  • #721
  • Apr 3, 2007 3:19am Apr 3, 2007 3:19am
This works well for me.

I used to have a lot of whipsaws or trades running away against my position.

Now looking at the larger TF, with whatever tool, and "shooting from the smaller" TF, I either turn profit immediately or if it does turn neg, it usually is not as bad and I can break even or get out.

MTF & Stock Rule and personally I think a good way for newbs to learn to spot the trend.
  • #722
  • Apr 3, 2007 3:32am Apr 3, 2007 3:32am
I'm not saying using stoch is pointless, NO ITS NOT, stoch is a total Bullshit , what stoch does is, it gives you the confidence on opening a trade, but what’s bad about it is that it tricks you by crossing and uncrossing....that’s why what TEB is doing is that he looks for the candle formation and uses his ema to make sure...TEB is a pro trader, I thank him for sharing his method, and lowering the 95% ratio of the losers
Here is a tip
forex is the psychology of people, do you wonder sometimes that you see a pair on your chart suddenly drops 20-30 pip for no goddamn reason? and there is no news or anything? It’s not true, there is a reason why it did that... it was on a mission to stop out a bunch of people, just know that in that 30 pip drop thousands of people got stopped out. The funny thing is that the big trillion dollar investors and banks who get all the money know exactly the ratio and percentage of the people who buy and sell which pairs and also their stops....

{Promotion Removed}
  • #723
  • Apr 3, 2007 3:49am Apr 3, 2007 3:49am

Quoting forexpert310
Here is a tip
forex is the psychology of people, do you wonder sometimes that you see a pair on your chart suddenly drops 20-30 pip for no goddamn reason? and there is no news or anything? It’s not true, there is a reason why it did that... it was on a mission to stop out a bunch of people, just know that in that 30 pip drop thousands of people got stopped out. The funny thing is that the big trillion dollar investors and banks who get all the money know exactly the ratio and percentage of the people who buy and sell which pairs and also their stops....
So what's the tip.....no stops or don't do Forex?
jj/.

  • #724
  • Apr 3, 2007 3:51am Apr 3, 2007 3:51am
I know what you are saying and I do agree that a stoch on a short term is not a strong signal....however I think the thread is looking at the PA with the stoch....also not the cross as such and more so the turning of the stoch , above or below 20 / 80

Anyway....how about some something positive.... how a trader can use the MTF approach to his best.....??
  • #725
  • Apr 3, 2007 3:55am Apr 3, 2007 3:55am

Quoting forexpert310
Here is a tip
forex is the psychology of people, do you wonder sometimes that you see a pair on your chart suddenly drops 20-30 pip for no goddamn reason? and there is no news or anything? It’s not true, there is a reason why it did that... it was on a mission to stop out a bunch of people, just know that in that 30 pip drop thousands of people got stopped out. The funny thing is that the big trillion dollar investors and banks who get all the money know exactly the ratio and percentage of the people who buy and sell which pairs and also their stops....
P.S. you bring up a point to a newbie like me....how do all the Banks / trillion dollar investors on the planet colaberate to bring down the pairs 20-30 pips...???

jj?>

  • #726
  • Apr 3, 2007 3:58am Apr 3, 2007 3:58am
Quoting forexpert310
what stoch does is, it gives you the confidence on opening a trade, but what’s bad about it is that it tricks you by crossing and uncrossing....that’s why what TEB is doing is that he looks for the candle formation and uses his ema to make sure...TEB is a pro trader
Why do I try and assert myself, trading any system your own or somebody else is still a personal thing, correct.

Quoting forexpert310
there is a reason why it did that... it was on a mission to stop out a bunch of people, just know that in that 30 pip drop thousands of people got stopped out.
If your talking about the EURUSD...Thats where the longer TF and my own EMA's together with the stochs saved my bud and I actually got out with a profit and might even looking into getting in lower with another Long at a lower price and profit again, because the Daily (Extended TF) stochs and EMA's are still up, all depending if the 4hr (Intermediate TF) stochs will turn and then waiting for the 30min (Diminutive TF) stochs/EMA's

As previously stated, the EMA's (Lagging) alone, usually gave whipsaws

tx once again TEB for sharing
  • #727
  • Apr 3, 2007 4:11am Apr 3, 2007 4:11am
K here it is, TEB showed us one thing that people never paid attention to. multiple time frames, you see some people only trade on 5min and some only 1h or 30m...etc and most of the time they trade and they'll lose because their not looking at the big picture here... you never sell when the poor H4 or daily chart tells you the market is a buy. because your chances of losing is high.TEB tought us always look at all the time frames before making your decision and he uses stoch because it goes with his mentality, do you guys remember the movie called the perfect storm? I picture the Market as a wave and picture myself as a little boat stuck in a storm, any second a wave could come and destroy me from any direction, but what I can best do is try to go and follow the wave and survive. you see, you can never be the wave but you can be the little boat that survives, also another problem with this strategy is that it mostly works on trends and 20% of the market is made of trend, what I'm doing right now is working with a team of mathematicians and making a system using psychology, statistics and math to trade... were almost in its last stage it will be done soon and will be out for free, and also I just hope that your account doesn't turn out the way the movie ended
{Promotion Removed}
  • #728
  • Apr 3, 2007 4:36am Apr 3, 2007 4:36am
Quoting forexpert310
K here it is, TEB showed us one thing that people never paid attention to. multiple time frames, you see some people only trade on 5min ....... what I'm doing right now is working with a team of mathematicians and making a system using psychology, statistics and math to trade...
looking forward to! it not to trade it but I'm very curious how it handles different market conditions - choppy especially

and here is my thought - do you agree that there is something bad happening recently to the markets? I don't know is it because of infamous carry trades, new quarter or Japanese new fiscal year? Dunno but it's to choppy, to sleepy with only sudden spikes and long runs in not always obvious direction.
  • #729
  • Apr 3, 2007 4:45am Apr 3, 2007 4:45am
hadrys here you want a holy grail? do this
50 stoploss, take profit 6
it works on choppy markets as well any direction
{Promotion Removed}
  • #730
  • Apr 3, 2007 5:02am Apr 3, 2007 5:02am
Quoting forexpert310
hadrys here you want a holy grail? do this
50 stoploss, take profit 6
it works on choppy markets as well any direction
No, I don't want one, to be hones I had one... max simple, no fancy stuff, just my eye, fibo retracement and little help from murrey math (gives sort of fibo s/r levels but automatically, precisely and in any TF). It was piece of cake! Smooth market, jumping from one wave to another from Londons open just to take a 100 pips ride on a big one. It gave me at least +100% balance in one week up to 2,5x balance in one week! That's why I like "the small boat in the middle of the ocean" story

And near X-mass and after it, it become more and more choppy and harder to play. So that's why I ask. Is that only my point of view, bad shape or there is something bad going on? I really would like to do something about it. I'm not looking right now for such gains, I just need constant profits, even 25 pips a day would be enough. Just no to open a trade, chop for 3/4 a day, go into - and than finally take profits.

Best regards
  • #731
  • Apr 3, 2007 5:04am Apr 3, 2007 5:04am
wow forexpert310,

You are like an abstract artist.....walk into a room - splash some shit around - and leave thinking you are god.

I will do my best to stay afloat.
  • #732
  • Apr 3, 2007 5:21am Apr 3, 2007 5:21am
Quoting TEB63
I yes they tell where price is & was -
BUT THEY ALSO TELL US THE DIRECTION OF THE WAVE -THE MOMENTUN
and this is why I use them , loose less and gain more

Because of this I'm at level 4 now

http://img2.freeimagehosting.net/uploads/7cef1506e9.jpg

1) Demo
2) Trade 1st account and blew it
3) Back to the drawing board and get some basics
4) Start to show a consistent profit
5)
6)
7) Trade for a living

5 & 6 Will probably be something like developing a system with all the knowledge I obtained like the STOCHS & LAGER TF's, working it until I do this as my sole income.

and with this I think I said enough or actually to much.

  • #733
  • Apr 3, 2007 5:26am Apr 3, 2007 5:26am
Quoting Fx1618
Because of this I'm at level 4 now
hahaha I'm not quite sure if level 7 is desired as on the picture level 7 should be a nice tropical beach with woman and drinks + your ultra portable laptop to click something from time to time and let the money work for itself
  • #734
  • Apr 3, 2007 5:35am Apr 3, 2007 5:35am
Quoting Hadrys
level 7 should be a nice tropical beach with woman and drinks

Admittedly, I’ll definitely have to work on the dream and edit the picture
  • #735
  • Apr 3, 2007 5:56am Apr 3, 2007 5:56am
Quoting Fx1618
Admittedly, I’ll definitely have to work on the dream and edit the picture
my good friend once told me - aim much higher than you want and you'll hit somewhere between but much above the target, just don't shoot vertically because the bullet will fall on your head

just launched murrey and agree with Teb, 118,75 is the ultimate resistance and should not be breached, hard selling should occur.
  • #736
  • Apr 3, 2007 7:31am Apr 3, 2007 7:31am
TEB63,

Thanks again for your guidance. Would you please tell us which 2 ma's you are using in your last post?
  • #737
  • Apr 3, 2007 7:34am Apr 3, 2007 7:34am
I don’t post a lot, but just so that I’m not mistaken for a troll due to my outrage in this thread just today.

This is my current approach for the EURUSD, the only pair I trade

EURUSD opened @ 1.3366, above the daily Pivot which means the base is Long, this is confirmed with the daily Stochs and my own EMA’s.

It moved down below today's pivot at 1.3359 on a narrow daily range.
It just finished a Triangle Pattern and the downward movement is continuing

This sounds a lot like the newsletters I received when I started trading… you subscribe to every news letter and signal service (free) that you can find, hoping they will tell you something and after reading them when they arrive in your mailbox, and you sit back for a smoke you think to yourself…. Okay so the first paragraphs is suggesting a Buy, but wait the next one says we must sell….

Now I don’t give a hoot about the above although I might look at it at the start of my trading day, and during the day if I get bored, it gives me a feeling of importance :surprised

I only watch the Stochs, enter in the direction of the daily trend followed by the 4hr and then 30 min, I may confirm an exit with the ema’s on larger TF.

Currently we are still in that same vicinity, and 2 scenarios are presenting it self

 

  1. Daily stochs is still up and not over bought, Daily ema’s is still up

    1. But the 4hr stochs is down, and ema’s seem to be dropping like a sack of weed, as soon as they cross and the 30 min’s give me a good entry, I’ll scalp a quick 5-10 pips on the short.

  1. 4hr Stochs is down and the ema’s are turning

    1. Keep an eye on the Daily, as soon as they change and the ema’s is making a turn, wait for the 30 min, which will probable be in Oversold to give a good entry and away ya go for short.

Either way be patient and the money will come.

  • #738
  • Apr 3, 2007 7:37am Apr 3, 2007 7:37am
NZDUSD, have all turned: 8hr, 4hr, 30mins

nice setup
The quality of your life is brought about by the quality of your thinking.
  • #739
  • Apr 3, 2007 7:51am Apr 3, 2007 7:51am
Aud/usd & usd/cad
I am watching
  • #740
  • Apr 3, 2007 7:55am Apr 3, 2007 7:55am
Quoting hornet
NZDUSD, have all turned: 8hr, 4hr, 30mins

nice setup

I like it
0 traders viewing now