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  • #861
  • Jan 2, 2009 2:54pm Jan 2, 2009 2:54pm
Teb,

Thank you for all of your help. I wish you continued success.

Cheers,
Dave
  • #862
  • Jan 2, 2009 2:54pm Jan 2, 2009 2:54pm
Hi TEB63,

If this is your last post, I'd like to say thank you. While I don't trade any of your systems per se, I have learned a lot about how to get a feel for what price is doing by reading many of your posts...a couple of time frames, minimal indicators, and pay attention to price.

I have particularly enjoyed your 1-2-3 and fractals trading and your use of the fib tool. I use those a lot....to add help me find entry and exit points on top of whatever I'm looking at.

Good luck in your trading...or whatever it is you are busy with.

Cheers
CanuckCT

Quoting TEB63
Hi One and all

This will be my last post

I really came here to try help help people
But now its just a waste of time
& I am going to get very bussy next week.

But I wanted say good bye

Let be say what I have been trying to say too help people.

Forex is easy to trade if & only if you keep it simple!!!
all you need is ....

a trend
a tool (all you need is one but if more 2 at most 3)
a trigger
a target...
  • #863
  • Jan 2, 2009 3:52pm Jan 2, 2009 3:52pm
I hope it is not really your last post: we will miss you till you come back.
Thankls for your help!
Trading: the skill of avoiding trades
  • #864
  • Jan 3, 2009 5:38am Jan 3, 2009 5:38am
teb is a great guy. not a fancy trading style but a lot to learn from him.
very very useful posts.
i hope he'll come back some time.
  • #865
  • Jan 4, 2009 8:29am Jan 4, 2009 8:29am
TEB,

I have read your posts for over a year and I think the greatest thing your methods taught me in the early days was the concept of simplicity in ones trading.

Thanks for sharing and good luck in 2009.

Rob
  • #866
  • Feb 15, 2009 8:15am Feb 15, 2009 8:15am
Guys,

how do you guys make the price appear at the fibo lvl? sorry for this basics thing....
  • #867
  • Feb 15, 2009 5:08pm Feb 15, 2009 5:08pm
Quoting spmaon
Guys,

how do you guys make the price appear at the fibo lvl? sorry for this basics thing....
Spmaon,
To add price levels to your fib tool in mt4, put your fib tool on the chart, double click the diagonal dotted line, then right click one of the dots on the line. Go to fib properties, fib levels, then add in the %$ like I have in the picture. I hope this helps.
Take care,
Dave
Attached Image
  • #868
  • Feb 15, 2009 7:31pm Feb 15, 2009 7:31pm
Quoting davema
Luke,
Teb recommends waiting for a 1-2-3 pattern to form, then enter on a break of point 2. He places his stop above point 1 and the first target is the distance between points 1 and 2 subtracted from point 2 for a short and added to point 2 for a long. I hope this makes sense.
Cheers,
Dave
Thanks Dave.
TRO
  • #869
  • Feb 15, 2009 10:06pm Feb 15, 2009 10:06pm
You're welcome Money4nothing. Anytime.
  • #870
  • Feb 16, 2009 4:50am Feb 16, 2009 4:50am
Quoting davema
Spmaon,
To add price levels to your fib tool in mt4, put your fib tool on the chart, double click the diagonal dotted line, then right click one of the dots on the line. Go to fib properties, fib levels, then add in the %$ like I have in the picture. I hope this helps.
Take care,
Dave

Many thanks Dave....it works perfectly.
  • #871
  • Feb 16, 2009 12:11pm Feb 16, 2009 12:11pm
You're welcome Spamon.
  • #872
  • Jun 15, 2009 8:48pm Jun 15, 2009 8:48pm
Is anyone still trading this system?
I am still having fun with it !


Attached Image (click to enlarge)
Click to Enlarge Name: 11.gif Size: 69 KB


Cheers

TEB
  • #873
  • Jun 16, 2009 1:00am Jun 16, 2009 1:00am
Welcome back Teb!


Please check your PMs!



EVERYONE THAT TRADES THIS METHOD:


Mind showing us how you personally trade this method? Also explain any additional indicators you might use, and template if possible! I developed my own very profitable and lucrative version of the 3 ducks method, so this thread naturally caught my eye


Anyways, no such thing as learning "too much"!

Thanks guys!
  • #874
  • Jun 16, 2009 2:22pm Jun 16, 2009 2:22pm
hi teb,

i realy like this system, because after trying so much indicators and ea's its time to come back to basics

on the image i saw you are using an ema and also a stochastic.
can you tell me your settings and when you are placing a trade?

im also interested in the method to set stop loss and take profit.

thank you!
best wishes,
mike
.:: your stop loss is another trader's first target ::.
  • #875
  • Jun 16, 2009 5:23pm Jun 16, 2009 5:23pm
I use 3, 200emas on 3 times frames
I have been using 50ema for pip room
and to see how strong the trend is

the Stoch is a diff system I also use

in short term trades I use candle formations as triggers
(30 mins 5 mins 30 sec)

in longer tern trades the 1.2.3 on the shorter time frame
(4 hours 1 hour 15 mins)

targets & SL same as always

Cheers

teb
  • #876
  • Jun 16, 2009 5:36pm Jun 16, 2009 5:36pm
Quoting TEB63
I use 3, 200emas on 3 times frames
I have been using 50ema for pip room
and to see how strong the trend is

the Stoch is a diff system I also use

in short term trades I use candle formations as triggers
(30 mins 5 mins 30 sec)

in longer tern trades the 1.2.3 on the shorter time frame
(4 hours 1 hour 15 mins)

targets & SL same as always

Cheers

teb

So u use a 200EMA on 3 TFs?

What do you mean you use a 50EMA for "pip room"?
"in short term trades I use candle formations as triggers" -can you explain this?

" in longer tern trades the 1.2.3 on the shorter time frame
(4 hours 1 hour 15 mins) " -WHAT?

Can you please explain teb? thanks

PS: check your private messages

thanks man
  • #877
  • Jun 17, 2009 1:36am Jun 17, 2009 1:36am
thank you for your answer!
i also have to figure out how to handle situations like in the attachment when sma200 is only touching the line or cut it on a top or bottom.

best regards,
mike
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sma200.gif Size: 16 KB
Click to Enlarge Name: sma200_2.gif Size: 15 KB
.:: your stop loss is another trader's first target ::.
  • #878
  • Jun 17, 2009 2:25am Jun 17, 2009 2:25am
all you need to do now is open up a live cash account

Quoting TEB63
Is anyone still trading this system?
I am still having fun with it !


Attachment

Cheers

TEB
PM Me If You Need Help!
  • #879
  • Jun 18, 2009 6:33am Jun 18, 2009 6:33am
Quoting BobHall
all you need to do now is open up a live cash account
Hi Bob


Good idea!!!!!
I not sure why I never thought of it before, how silly of me!!

Thanks again so for your wisdom!!!!
Its always good to hear from people who CLEARLY have some smarts!!!
and when they are busy its good to hear from people like you Bob!

lets talk again

Cheers


TEB
  • #880
  • Jun 21, 2009 10:05am Jun 21, 2009 10:05am
Quoting TEB63
Hi Bob


Good idea!!!!!
I not sure why I never thought of it before, how silly of me!!

Thanks again so for your wisdom!!!!
Its always good to hear from people who CLEARLY have some smarts!!!
and when they are busy its good to hear from people like you Bob!

lets talk again

Cheers


TEB
Hi TEB u are back! ha actually I didn't know of ur existence till the title of this thread suddenly caught my eye. And probably to have 50+ pages means this thread means sth. Ur idea of triple time frame is similar to what I have read in Alexander Elder's book of Trading for a Living. I will definitely look through this thread in more detail!
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