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TEB sytstem

  • #901
  • Apr 14, 2007 7:31am Apr 14, 2007 7:31am
Quoting bundubill
Hi,

I hope you guys don't mind me asking a beginners question like this on such a slick thread but I notice whenever TEB or some of you others display a candle chart it looks uncluttered because it doesn't have that many candles in the frame. I have downloaded MT4 but my screen is cluttered with thousands of candles and I don't seem to be able to reduce the number of time periods. How do you do it? I asked this question in the beginners forum and I was told that all I could do was use the 'zoom in' facility but I'm sure this can't be true.
up top on the tool bar you have two spy glasses one has a "+" the other "-" in it
hit the "+" till you get the size you want
  • #902
  • Edited 12:35pm Apr 14, 2007 9:23am | Edited 12:35pm
I thought it was intersting the email add
that came out for 5EMAs/Divergence system today
is clearly based on the 4 hour Stoch
like my system they must take the trend & main
buy & sell signals from the 4 hour stoch
& it has the same setting!! 5.3.3

Attached Image

4 hour cable

this was the chart they send out today
I know nothing of the system
other then what I have read - in their email adds I keep getting
I in no way think it is a good or bad system... I don't
(I don't know what they use the Macd for)
and they don't have the 5 ema on it

The stoch setting of 533 is great!!!
  • #903
  • Apr 14, 2007 9:38am Apr 14, 2007 9:38am
I really like the idea of trading the trend... but always knew momentum shouldn't be completely ignored. Trading the trend of the momentum is brilliant, no?

I also used various timeframes to trade... but always sepearte charts for each timeframe... then flipping through each chart. "Combining" them onto one chart is another "Guiness moment" (BRILLIANT!) for me.

I couldn't sleep Thursday night and ended up reprogramming my system to take advantage of what I've learned on this thread.

Setup the Stoch's... setup daily timeframe, marked the cross and noted the trend (UP/DOWN), then changed timeframe to 4HR and looked for confirming cross. If I got the confirming cross I marked it (also noting the trend matched the day) and adjusted the chart to read 30MIN to wait for the next cross that matched the trend direction.

THAT WORK SO WELL IT SCARED ME.

Now... the challenge came with the exits. I felt using the 30MIN cross was a great entry... but could whipsaw my exit. One I place the buy/sell I just backed it to the 4hr to wait for the cross to reverse.

Yeah... that cost me a 150pip profit plus another 100 to boot.

HOWEVER, upon licking my wounds after the market closed I noticed that if I had only used the 2 hour to take my exit cues from I would've protected the vast majority of my profit.

There are two things I've adjusted to TEB's system... using the 2 hour timframe for exit signal and I'm not worrying about the ema (though I do have it plotted).

Still, I'm new as a trader so I'm looking for any opinions on these variations.

BTW... VERY GRATEFUL for this thread and system TEB63... it's been helping me pop all sorts of little lightbulbs on.
  • #904
  • Apr 14, 2007 9:41am Apr 14, 2007 9:41am
tebs i want to say thanks again for sharing this method, i've made 218 pips this week, from wednesday till friday, i want to test this for about 1 month then i will go live
  • #905
  • Apr 14, 2007 9:49am Apr 14, 2007 9:49am
Quoting TEB63
up top on the tool bar you have two spy glasses one has a "+" the other "-" in it
hit the "+" till you get the size you want

Thanks for that TEB. Really appreciated.
  • #906
  • Apr 14, 2007 10:17am Apr 14, 2007 10:17am
Quoting AggieTrader

HOWEVER, upon licking my wounds after the market closed I noticed that if I had only used the 2 hour to take my exit cues from I would've protected the vast majority of my profit.

There are two things I've adjusted to TEB's system... using the 2 hour timframe for exit signal and I'm not worrying about the ema (though I do have it plotted).

Hello Aggie,

that's exactly the same way I trade this system (don't look at the ma's). But still using the 4h cross for exits. I am not sure if it is really better to use the 2h cross, it seems to be a little choppy... So if you do the research I think all of us would appreciate to see your results.

TEB, your ideas brought some light into the darkness, really. As Aggie said before: It works so well, I'm scared, too!
42
  • #907
  • Apr 14, 2007 11:26am Apr 14, 2007 11:26am
wow on thursday you got 300 pips cool . no wonder you always used smile face icon in your posts
  • #908
  • Apr 14, 2007 11:42am Apr 14, 2007 11:42am
Just to recap what you are saying, you are trading this way:

1) waiting for stoch crosses on the D and the 4hr and finally the 30min (do you care if it's above or below the 80 or 20?)
2) not really paying attention to the ma's
3) exiting on the 2 hr or possibly the 4hr

Seems simple enough and I think that is how most are trading it except the exits seem to be different for different people. I'm just trying to get an idea how everybody is trading this. I haven't figured out my best exits yet, but I am still profitable. I am not using ma's either. I am just waiting for all 3 tf's to line up. Thanks for any input.

Quoting Freewheelin
Hello Aggie,

that's exactly the same way I trade this system (don't look at the ma's). But still using the 4h cross for exits. I am not sure if it is really better to use the 2h cross, it seems to be a little choppy... So if you do the research I think all of us would appreciate to see your results.

TEB, your ideas brought some light into the darkness, really. As Aggie said before: It works so well, I'm scared, too!
Life is too short to have anything but delusional notions about yourself.
  • #909
  • Apr 14, 2007 11:59am Apr 14, 2007 11:59am
Hi TEB,

See the TEB Trading Room is closed.

Hoping that by consolidating posting on this thread there will be more "scouting" and trading activity here.

Your system is very good; and I really like the way you approach trading in general. Thank you!

I'll be trading your hours next week. Have a great weekend!

Gail
  • #910
  • Apr 14, 2007 12:04pm Apr 14, 2007 12:04pm
Now... the challenge came with the exits. I felt using the 30MIN cross was a great entry... but could whipsaw my exit. One I place the buy/sell I just backed it to the 4hr to wait for the cross to reverse.


take 1/2 at the 30 min stoch over 25 pips
let the other 1/2 ride till the 4 hour cross
move your SL up to say 5+pips on the 2nd 1/2
the 4 hour stoch wins most of the time
as long as the day is with you
  • #911
  • Apr 14, 2007 12:04pm Apr 14, 2007 12:04pm
Quoting gtrader444
Hi TEB,

See the TEB Trading Room is closed.

Hoping that by consolidating posting on this thread there will be more "scouting" and trading activity here.

Your system is very good; and I really like the way you approach trading in general. Thank you!

I'll be trading your hours next week. Have a great weekend!

Gail
yep
  • #912
  • Apr 14, 2007 12:06pm Apr 14, 2007 12:06pm
[quote=hoss;273774]Just to recap what you are saying, you are trading this way:

the 20 & 50 MA let you get a feel for things... like when to get out
ie price crosses back over the 20 or even the 50
take note!
  • #913
  • Apr 14, 2007 3:00pm Apr 14, 2007 3:00pm
Quoting TEB63
Now... the challenge came with the exits. I felt using the 30MIN cross was a great entry... but could whipsaw my exit. One I place the buy/sell I just backed it to the 4hr to wait for the cross to reverse.


take 1/2 at the 30 min stoch over 25 pips
let the other 1/2 ride till the 4 hour cross
move your SL up to say 5+pips on the 2nd 1/2
the 4 hour stoch wins most of the time
as long as the day is with you
Very helpful... thanks again! Have you tried phasing into a trade as well as phasing out of one? If so, what are you using for triggers?
  • #914
  • Apr 14, 2007 3:14pm Apr 14, 2007 3:14pm
Quoting hoss
Just to recap what you are saying, you are trading this way:

1) waiting for stoch crosses on the D and the 4hr and finally the 30min (do you care if it's above or below the 80 or 20?)
2) not really paying attention to the ma's
3) exiting on the 2 hr or possibly the 4hr

Seems simple enough and I think that is how most are trading it except the exits seem to be different for different people. I'm just trying to get an idea how everybody is trading this. I haven't figured out my best exits yet, but I am still profitable. I am not using ma's either. I am just waiting for all 3 tf's to line up. Thanks for any input.
Yep... I don't worry about the actual momentum, per se... just the TREND the momentum has. If the day lines up with the 4 hr the trend is confirmed (assuming I'm understand TEB correctly). Once the confirmation is there, it's a matter of entry and exit points... that's where the 30MIN tf comes in. I like the idea of phasing out of a winning trade (TEB's suggestion) and plan on playing a bit with that idea as well (would've made some pips on Friday)!

I think to understand something you have to be able to know it well enough to teach it to someone else. I'm sort of deconstructing TEB's first post in this thread... (to paraphrase)

1. Keep it simple.
2. Trade the trend.
3. Use timeframes.

I see what people are doing with the system now, then I take that "finished product" and pull it apart and scatter the pieces around so I can "rebuild it." By doing this not only do I have a working system, but one that I can actually understand the reason why it works.

I have to say... I don't think TEB's idea is rocket-science... that's why I grateful to TEB for sharing it. Too often I've been looking for the complicated answer because if it looks complicated then it must work, right?

Simplicity is the most complicated thing there is... it's the hardest to see.

TEB isn't the first person to point out the obvious to me... just the first person I've actually HEARD!

Right place at the right time I guess... thanks again TEB!
  • #915
  • Apr 14, 2007 3:58pm Apr 14, 2007 3:58pm
Here's how I trade this method:

Assume the 1D Stochs crosses up. I don't look at the levels where it happens (don't care if it happens under 20 or 50 or 80 or above 80).

Then look at the 4h - where does the up cross happen?

If it happens under 50 I will give full throttle, my whole percentage of risk which is between 1 and 3 % of my balance.

If it happens above 50 I only risk the half of my risk percentage which is 0.5 to 1.5 % of balance.

If the up cross establishes above 80 - I don't trade long !

Then look at 30min.

If up cross happens under 50 it is a long trade, if above 50 it is not a trade. I wait.

Exit:

I wait the 4h stochs to cross in the opposite direction.

The exit is the only thing I am not satisfied yet. But working on it....

Greetings from Greece

Freewheelin
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  • #916
  • Apr 14, 2007 4:08pm Apr 14, 2007 4:08pm
Leaving out the moving averages can put you in more trades. Some of them can even be good ones. But I don't think it's such a good idea to ignore them. They are such great filters especially the 50 EMA. It is good to know you have pip rooms before pulling the trigger.
  • #917
  • Apr 14, 2007 5:52pm Apr 14, 2007 5:52pm
Quoting AggieTrader
Very helpful... thanks again! Have you tried phasing into a trade as well as phasing out of one? If so, what are you using for triggers?

if I take 1/2 out with the cross of the 30min stoch
I than have it to put back in when the stoch goes my way!!
  • #918
  • Apr 15, 2007 2:16am Apr 15, 2007 2:16am
Hi TEB,

I've been playing with your idea for about two weeks on a demo account
and it's been profitable

nice one

thank's for sharing this

I think I'm gonna try it live this week
Every moment in the market is unique
  • #919
  • Apr 16, 2007 5:04am Apr 16, 2007 5:04am
Attached Image (click to enlarge)
Click to Enlarge Name: gpb.jpg Size: 59 KB

cable 30 mins

off to a good start for the week!
TEB
  • #920
  • Apr 16, 2007 5:59am Apr 16, 2007 5:59am
Hi Teb,

I've just come in and seen your entry. I was watching GU earlier but was nervous about going in because the stochs showed it deep into the overbought area. Can you give me a clue as to when I should pay attention to this and when I should ignore it

Cheers
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