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Attachments: TEB 5ema & 12ema and 21 RSI (MTF)
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TEB 5ema & 12ema and 21 RSI (MTF)

  • #181
  • Apr 27, 2010 3:55pm Apr 27, 2010 3:55pm
Quoting todd960960
I'm trading it and doing quite well. I think the reason this method isn't getting swamped with posts is because people actually have to think before pulling the trigger. Way too many people looking for the 100% mechanical get rich quick dream. Not gonna happen imo. That's why there's tons of methods/systems on FF and 99% of them are crap. By the time anyone gets to the end of a thread, it's changed a dozen times and have a dozen more indicators. LOL.
I totally agree.....I stopped following the thread when the EA was introduced. An EA is an interesting concept.....but I would never trust one to trade my money.

Teb...thanks so much for your MTF threads....I have read through each one.....I do like this one ....it is darn simple!!!
  • #182
  • Apr 27, 2010 6:20pm Apr 27, 2010 6:20pm
Yes.

You never can put Experience, S & R - Lines in an EA.

In the MTF-Theory it is important, to know waht time you close position. E.g i have an Long in EUR/USD since the last 45 minutes. And that position stay with -6 or -11 pips. What i do ? i close the position, because i Know, that is no more change.

Can you put this in an EA ? I dont think so...
  • #183
  • Apr 27, 2010 7:48pm Apr 27, 2010 7:48pm
making a lot of pips
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  • #184
  • Apr 27, 2010 8:22pm Apr 27, 2010 8:22pm
Quoting fxmaverick
TEB,

Out of the three blocks of time that you listed as good times to trade this system, which block do you trade most often?

Thanks,

mav
the 8 am amd 8 pm

teb
  • #185
  • Apr 27, 2010 9:02pm Apr 27, 2010 9:02pm
Hi Teb, the pullback is on 5 min or 30 mins. Right now, U/C and A/U 30 mins corss, However RSI not there yet. Am I right? If lookinf for pull back, do I need to go down to 5 mins or stay at 30 mins? Thanks
  • #186
  • Apr 27, 2010 9:25pm Apr 27, 2010 9:25pm
Quoting freedomsg
Hi Teb, the pullback is on 5 min or 30 mins. Right now, U/C and A/U 30 mins corss, However RSI not there yet. Am I right? If lookinf for pull back, do I need to go down to 5 mins or stay at 30 mins? Thanks
you want the trend to be strong on the 30 min. ie. the EMAs and RSI
you then buy in then the trend continues back on the 5 min chart.

Cheers

TEB
  • #187
  • Apr 27, 2010 9:41pm Apr 27, 2010 9:41pm
Quoting TEB63
you want the trend to be strong on the 30 min. ie. the EMAs and RSI
you then buy in then the trend continues back on the 5 min chart.

Cheers

TEB
Thanks Teb, if ema crosses up, then RSI not yet cross up 50. No trade right? Then two candles later (1HR) RSI cross 50, is the setup still valid? Thank U
  • #188
  • Apr 27, 2010 9:42pm Apr 27, 2010 9:42pm
TP hit at 0.2906. Enter at 0.9186 and Sl at 0.9166.
  • #189
  • Apr 28, 2010 1:14am Apr 28, 2010 1:14am
Please post or send me your personal setup.

Much appreciated

Brian

Quoting bshcom
making a lot of pips
  • #190
  • Apr 28, 2010 1:31am Apr 28, 2010 1:31am
Hopefully you were able to send that to me...
if not yet.. do you use 55/45 levels on both time
frames? ie 30 and 5 for entry or just the 30. I see the
levels on your screen shots of both, but wondering if you
actually use the 55/45 for entry on the M5 as well.

Thanks...

Brian
  • #191
  • Apr 28, 2010 2:22am Apr 28, 2010 2:22am
Quoting bshcom
making a lot of pips
hi
can you post your indi and temp?
look realy nice
thanx
  • #192
  • Apr 28, 2010 4:25am Apr 28, 2010 4:25am
hi guys

I just want to say simpler is always best!!
These threads always die because people keep adding "stuff"

please do not add stuff ...the system works very very very well.
get to know it. or make one yourself.

esp. if you are new, use just one system and master it for at least 6 months.

The nice thing about this system it tells you when to trade and when not do. I use this system (in fact a little simpler one in fact.)

**I just picked up two eurusd trades one for 12 pips one for 25 pips and have a third one on as a free trade.***

I would say "Do not fall in love with indicators and MAs!!! They are tools
to measure what is, almost any set will work if you master them!!."

teb
  • #193
  • Apr 28, 2010 5:06am Apr 28, 2010 5:06am
I still hope bshcom posts his setup, (or emails me) I totally understand where you are coming from Teb but do believe personal preference to look and feel are also very important pieces and would love to take a look
at that setup of this system myself.

Brian
  • #194
  • Apr 28, 2010 7:43am Apr 28, 2010 7:43am
Quoting TEB63
hi guys

in fact a little simpler one in fact.
can it be more simple?
what did you change
regards
  • #195
  • Apr 28, 2010 8:02am Apr 28, 2010 8:02am
5 trade this morming (5 trades x 2 targets = 10 targets )

over 130 pips

teb
  • #196
  • Apr 28, 2010 9:38am Apr 28, 2010 9:38am
Quoting TEB63
hi guys

I just want to say simpler is always best!!
These threads always die because people keep adding "stuff"

please do not add stuff .............snip

I would say "Do not fall in love with indicators and MAs!!! They are tools
to measure what is, almost any set will work if you master them!!."

teb
this post of Tebs says it all.....
So......a few months from now......people will either be off chasing another indicator fueled fantasy......or doing the work of learning to read a very simple set up
95% will be doing the former
5% will be doing the latter

PGPB
  • #197
  • Apr 28, 2010 10:48am Apr 28, 2010 10:48am
Hi Teb

do you mostly use "buy/sell" at market orders or pending orders.

For break out (price pushing past a previous support or resistance) entries....a pending order makes sense to me.....but for entry based on a candle pattern (pin bar etc) a entry at market makes sense

I am mostly trading this on 30 minute 5 minute time frame....the one minute time frame is a bit much for me (I also have a full time job)

A "mistake" I may have been making is paying too much attention to the 4 hour time frame.......price could be trending down on the 4 hour...but trending up on the 30 minute/ 5 minute

Here is a trade I jumped into because i thought it was going to break out (down) and then it went up a bit before finally going down. I would have got a way better entry if I jumped in because of the doji candle
Attached Image
  • #198
  • Apr 28, 2010 11:09am Apr 28, 2010 11:09am
15 trades (which is really 15x2)
lot 1 ..11 winers (11 pips each ) of out of the 15 ... 4 loses
lot 2... 6 runners ... 5 one pip (winners?) ...4 loses

over 200 pips for the day

cheers

TEB
  • #199
  • Edited 5:33pm Apr 28, 2010 11:41am | Edited 5:33pm
Quoting pgpb
Hi Teb

do you mostly use "buy/sell" at market orders or pending orders.

For break out (price pushing past a previous support or resistance) entries....a pending order makes sense to me.....but for entry based on a candle pattern (pin bar etc) a entry at market makes sense

I am mostly trading this on 30 minute 5 minute time frame....the one minute time frame is a bit much for me (I also have a full time job)

A "mistake" I may have been making is paying too much attention to the 4 hour time frame.......price could be trending down on the...
1.about 20% vs 80%..

2. I never use the 4hour (or 3 hour) unless I was trading the 30 min chart .
3. candle reversal maybe but not a doji only I would want more personally

cheers

teb
  • #200
  • Apr 28, 2010 11:53am Apr 28, 2010 11:53am
Quoting TEB63
1.about 20% vs 80%..

2. I never use the 4hour (or 3 hour).
3. candle reversal maybe but a doji only
I would want more personally

cheers

teb
Do you mean you use pending orders 80% ?
Or market orders 80%
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