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making a killing!! in this market prt 2

  • #61
  • Jan 9, 2010 6:29pm Jan 9, 2010 6:29pm
Just trying to revive this thread.
  • #62
  • Jan 9, 2010 6:43pm Jan 9, 2010 6:43pm
Why? He dosent trade this system any more. He trades with a 14,3,3 stoch.
  • #63
  • Jan 10, 2010 7:59am Jan 10, 2010 7:59am
Quoting cjd
Why? He dosent trade this system any more. He trades with a 14,3,3 stoch.
If the ideas here work it matters not that TEB has moved on to other things.
This could be exactly what someone out there needs to spark that one moment of insight that opens the door to bigger and better things...
  • #64
  • Edited 9:48am Jan 10, 2010 9:38am | Edited 9:48am
This simple strategy, whether he is or not using, has worked for me well, in addtion to identifying s/r multiply tf's and using long, short tl's. Simple as it is it works. Try on 5/30 min charts together or 15/1hr paired up - weed out false trades. It can work well for others as well, input to improve this strategy while keeping it simple would be great. TEBB is on to something with this and I added the stoch 14.3.3 to this chart to help weed trades not to shabby....
  • #65
  • Jan 10, 2010 9:55am Jan 10, 2010 9:55am
A picture says is all
Attached Image (click to enlarge)
Click to Enlarge Name: tebb.jpg Size: 146 KB
  • #66
  • Jan 10, 2010 10:03am Jan 10, 2010 10:03am
5 min chart 75 pips profit.
Attached Image (click to enlarge)
Click to Enlarge Name: tebb2.jpg Size: 126 KB
  • #67
  • Jan 10, 2010 10:27am Jan 10, 2010 10:27am
If I may ask Antny, are you using the orginal chart set up as TEB outlined in his first post? What is the moving ave. line that looks tan on your chart? What pairs and time frames? I hope these are not to many questions? Thanks for your help.
  • #68
  • Jan 10, 2010 12:57pm Jan 10, 2010 12:57pm
I am using 5 closed ema over 6 open ema with a 5 RSI. TEBB mentined it on 2nd or 3rd page of his post. The tan line is a 200 ema. The red line are an indicator called sweetspots by TRO. I have them set for 00 and 50 markers and they do a great job of showing s/r. PA really responds to the sweetspots and the 200 ema. If you want any of these indicators, or anything, I can post the link or send it to you.
Let me know.
  • #69
  • Jan 12, 2010 8:29am Jan 12, 2010 8:29am
I guess ppl want fancy systems not just consistent ones. So few comments on such a good strategy
  • #70
  • Feb 5, 2010 5:23pm Feb 5, 2010 5:23pm
This system looks really nice.
But something I don't understand is the exit!
Stopp at 25 pip? Did I get it right? Exit at the Cross of the EMA's?

@ Atny
What Exits do you use?


Looking forward to test this one!
  • #71
  • May 28, 2010 10:44am May 28, 2010 10:44am
what about using an ADX filter??
  • #72
  • Last Post: Mar 8, 2011 12:53pm Mar 8, 2011 12:53pm
Does anyone know if TEB meant to have the RSI on all timeframes or just the 5 min?

Quoting TEB63
I have been moves 2 times on the 1st tread.
I must have hit someones pot of gold:

This is a trading system

5 time frames

2 emas
a. 5 closed blue
b. 5 open red

And a RSI at 5

enter
you wait until all time frames are in line & take the trade
if you are in the trend wait for the 15 min to reload & get in


exit
I was doing 10 pips + spred when we were no trend
now I am doing 25 +spred in a small trend
when we get going I will do 50 pips +
or target
ie. 4 hour channels
5 mins & 60min hi/...
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