TEB sytstem

Thanks for the heads up on the AUD/JPY. That's not one I look at very often. I'm new to this so let me get it straight.....

I'm looking for the Daily Stoch to be crossed down, the 4 hour to be crossed down, and when the 30 minute crosses I enter on the next candle, right? If so, am I also looking for price to be above the 50 EMA?

Many thanks,
R

WOW Aud/Jpy....

just curious,
how many pair did u usually watch everyday ??

i only watch the pair u mention in the 1st page
guess i must do some little extra attention on other pair too :

Caught 25 on EUR/USD and another 11 on AUD/USD...

good for you!!
I was trying a new System & TEB
& had a very mixed day!!
the worse trading day i have had for awail
TEB works!!

Hello TEB... I am a student from Spud's class... he is a great teacher... with a talent to explain his TS... have noticed when you dropped by and... did follow your footsteps here...

Just finished reading your posts... its funny you say...

tools...?
- Stoch setting 5,3,3
- Ema 50 Sma 20
- candles esp big tails
And on all 3 times frames... -that is it!

You came up with a beautiful K.I.S.S. system... probably one of the TOP out there... and... have a big heart to share it... thank you!

I understand the tools... there is however a long way to learn to use them as you do... you are a pro with tones of experience... and your KISS rules... you see it... you feel it... you "autopilot" it... and respond to it...

Hope one day I will be able to, at least at some level, play the market's ping-pong game the way you are teaching us to do...

Your KISS is part of my TS now... am learning to use it...

Thanks again for sharing... may the PIPs run to your TEB KISS forever...

PS: just a thought... Sma20... how about Ema25 with Level-50 and Level50... it will give you a channel and a visual 50 PIPs price distance from Ema25...

PS: just a thought... Sma20... how about Ema25 with Level-50 and Level50... it will give you a channel and a visual 50 PIPs price distance from Ema25...[/quote]

That is a great idea

The reason I use 20 SMA is because it is the middle of the B.Bands
& the 50 EMA is because it is the 1st of the big 3 EMA(50, 100,200)
is because they are the 2 MA price bounce off the most
so if they break they say alot .. if they hold even more
I like to do channels - But I like old S/R price channels

But do give your Idea a run & see if it works!!
& let us know !

I watch 10 -12... but normally sit on 2-4 for a day

Hi one And all

well I hope everyone did well today!!
I didn't do much today.
I put on 11 trades last night & just watched them today
they were on 5 pairs
I was SL on the two I had with Aud/JPY
the other 9 I did Okay I got between 15-50 pips on each

I did try an other system & I still have hi hopes for it
but it didn't do so well yesterday
But TEB works very well


how did everyone else do?

see you Tomorrow

pip pip

I think 5,3,3 works better than 15,5,5.TEB works!!

Pulled 7,6 & 1 from three completed trades. In 1 still and currently looking at the EUR for a shorting opportunity.

TEB - what do you tend to use for SL? 35 pips or so? S/R levels? Do you vary it with each trade?

Well done TEB. You have really got your system sorted.

One small issue I have with it is the bars where there is the actual cross-over occuring on the longer timeframes, esp. the 4 hour. How do you trade these situations? I feel uncertain about taking trades where the 4 hour signals a buy if it is early on in the life of the 4 hour bar.

Any guidance on this appreciated.

Thanks,

G-Man

35pips or channel or S/R
TEB

great point ...
it the 4 hour is confirming the day stoch you are likely okay.
if not I think you have a right for uncertainly likely want to wait till it closes
but that is also where the 50 & 20 come in
TEB

TEB,

I think you mentioned this morning how many pairs you watch, but also said you usually settle on 3 or 4 for the day. Could you share how you go about scanning all the pairs and choosing the 3 or 4 you're going to watch. What is it about those charts that stands out to you?

Thanks for sharing a great system and helping all of us become proficient with it.

Hi,

I've changed the indicator a bit. More colors during cross over before bar close.

It's not perfect, but still works good enough...

Also changed some defaults.

There will only be max 2 colors when you open a chart. Wait till the first tick, then there might be more line colors.

Regards,
fewhills

They look cool

people seem to have a lot of questions about the use of the Stoch
so this is the right way to use them



blue area is good to buy
red area is good to sell
yellow is the are of concern
from the point the two stoch lines cross each other
to the point they come out of the "80% or 20% zone"
we really don't know what is going on with the stoch
best to stay out .. other wise it is fine to trade

Teb,

I noticed you posted a 1hr chart. Are you using it for anything?


B.

Hello TEB... and All...

Lets see if I got it...

I don't want to bather you TEB with this... you explained this many times already... so I will put it the way I understand it... and... please someone who is already good at it, tell me if I I am doing it right...

*** "drawing of the lines" on the chart... *** say we start with D1 and are marking TOPS...

- one chart, D1 view...
[1] place line#1, at the 1st Stoch-crossing above 80 [counting from the right]... line-up line#1 with the highest near-by candle... there may be several mid-waves before the TOP Stoch from above 80 will reach the BOTTOM [below 20 reversal-point, which may be marked with line#1a]... all the smaller TF waves are happening between 1&1a...

- the same chart, H4 view [line#1 is already there]...
[2] place line#2, at the 1st Stoch-crossing above 80 [counting from the right]... line-up line#2 with the highest near-by candle... there may be several mid-waves before the TOP Stoch from above 80 will reach the BOTTOM [below 20 reversal-point, which may be marked with line#2a]... all the smaller TF waves are happening between 2&2a...

- the same chart, H1 view [line#1,#2 are already there]...
[3] place line#3, at the 1st Stoch-crossing above 80 [counting from the right]... line-up line#3 with the highest near-by candle... there may be several mid-waves before the TOP Stoch from above 80 will reach the BOTTOM [below 20 reversal-point, which may be marked with line#3a]... all the smaller TF waves are happening between 3&3a...

- the same chart, M15 view [line#1,#2,#3 are already there]......
[4] place line#4, at the 1st Stoch-crossing above 80 [counting from the right]... line-up line#4 with the highest near-by candle... there may be several mid-waves before the TOP Stoch from above 80 will reach the BOTTOM [below 20 reversal-point, which may be marked with line#4a]... all the smaller TF waves are happening between 4&4a...

the idea is to see where, each TF's Stochs are positioned during their travel between +80 and -20... H4 is starting a new trend... M5.M15,M30,H1 will follow... enter/exit/magnification on Stochs crossing 80% or 20% from the outside, towards the middle 50%...

I am still not sure though if I understand TEB's system correctly...

BTW: Sma20 is almost same as Ema25... they also represent "0" line of MACD...