very good
what is the pink and blue bars on the bottom
teb
it is just RSI Custom ind.
TEB 5ema & 12ema and 21 RSI (MTF)
- #263
- May 7, 2010 9:33am May 7, 2010 9:33am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
how many got the move ?
esp the usd/jpy
look for a possible reversal now.. or not .
I think we may see a big move up
but I will ride this one till swin out!!
teb
esp the usd/jpy
look for a possible reversal now.. or not .
I think we may see a big move up
but I will ride this one till swin out!!
teb
- #266
- Edited 12:39pm May 7, 2010 12:34pm | Edited 12:39pm
- | Joined Jan 2009 | Status: Knight | 114 Posts
Hi TEB, hi guys, I love to make EA and now I settle my eyes on this thread. Something about the entry signal... is it after the last closed bar or the actual one? Is it only for scalping (Take Profit MUST be +10 and little more), or we can go to the stars or hell if the trend goes strong?
For to make a good EA I need to know better as I can the IDEA behind the strategy
Let's fuc_k the forex
I was looking in the first post the rules, and it seems relatively few, how do you defend yourself from choppy periods?
For to make a good EA I need to know better as I can the IDEA behind the strategy
Let's fuc_k the forexI was looking in the first post the rules, and it seems relatively few, how do you defend yourself from choppy periods?
- #267
- May 7, 2010 12:42pm May 7, 2010 12:42pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi TEB, hi guys, I love to make EA and now I settle my eyes on this thread. Something about the entry signal... is it after the last closed bar or the actual one? Is it only for scalping (Take Profit MUST be +10 and little more), or we can go to the stars or hell if the trend goes strong?
For to make a good EA I need to know better as I can the IDEA behind the strategy
Hi theres
1. its on the open of the new bar, I do
2. I do two lots
1st lot is 11 pips ( I just changed to 21 pips this week it seems to be working)
2nd lot is on the a swing reversal ,, in other words a 1 2 3 break against my possition .. so I like to do both .
Cheers
Teb
- #268
- May 7, 2010 12:44pm May 7, 2010 12:44pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
another question Teb, i m trying with 5 and 30 m charts but think sometimes it is too late to go in so i looking 1m and 5, the q is if the first possible trade after the last turn of the market is as show the attch, because we have to have 30 m in tune,thank uyo for sharing.
Hugo
take every sign.. in the I say
the only thing to watch for is news events
but if its a none news event
you will win 85% or more .
TEB
- #270
- May 7, 2010 1:44pm May 7, 2010 1:44pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi Teb,
I have just completed my first week of trying this system and I think I need to clarify a couple of things with you as I have not done as well as I think I should have. I understand the point of entry when there is a cross over of the EMA’s. However, please could you outline the exact point of entry for a pullback?
[font=Times New Roman][size=3]Also, I seemed have been flicked out a lot this week using a stop loss of 10. [color=blue]Would...
Yes 10 pips only for the eur 20 otherwise
yes I use the last swing normally
(10 pips is only for the eur which I trade most of the time)
but it was a crazy week.
pull back is the 5 min change back to the 30 min trend
teb
- #271
- May 7, 2010 2:04pm May 7, 2010 2:04pm
Yes 10 pips only for the eur 20 otherwise
yes I use the last swing normally
(10 pips is only for the eur which I trade most of the time)
but it was a crazy week.
pull back is the 5 min change back to the 30 min trend
teb
Kean
- #272
- May 7, 2010 3:31pm May 7, 2010 3:31pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Sorry, I do not understand re-pullbacks... if price retraces back to the EMA, and touches/penetrates it, do you then enter a trade or do you wait for a bar close? I am not sure of the exact trigger point.
Kean
lets say we are in an up trend
on the 30 min charts
we have the RSI and EMAs in an up trend.
Here on the 5 min chart
The two pink boxes are the EMAs and the RSI resetting
ie. going down against the 30 min trend ( EMAs and the RSI on the 30 min chart)
They are resetting so we know we have the needed "pip room"
or pull back or price move back it retraces
The blue Arrows tell us to get in
The trend on the 5 min chart is coming in line with the 30 min chart trend
So we know the retracement is over
TEBhttp://cdn.forexfactory.com/images/s...m/big_grin.gif
- #275
- May 7, 2010 8:58pm May 7, 2010 8:58pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
TEB, please correct me if you disagree.
et, what you are doing is stacking odds in your favour.
The 30m trend with strength (emas+rsi) gives you favourable probability.
The times that you trade are most likely to have short term trends and give you favourable probability.
The setups to enter give you favourable probability.
But nothing here adds up to 100% - so sometimes the 30m trend will be changing despite it still being up and the 5m flashing up. But that is one of the legitimate system losers and it could well have been a winner -...
yes when you have the 30 min chart trend at your back (RSI and EMAs)
and then the 5 min chart trend moves into agreement with it.
The odds are in your favour big time.
I then look for reasons to enter.
cheers
TEB
- #277
- May 8, 2010 5:47am May 8, 2010 5:47am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Thanks Teb…
So, the blue arrows show that the RSI is back above the 50 and that the EMA’s have crossed back over. Can you tell me where the trigger for a trade is? Is it when you see price touch the blue EMA? If so, do you take a new trade every time price returns and touches the blue EMA?
Kean
No
1. the cross of the two is the easies trigger.
2, safer is a 1 2 3 or what I call a confirmed break
over the 2 crosses
ie, see the pull back from that big candle on that chart?
1 pip plus spread is a GREAT entry !
3. Or a break of and old S/R is a great entry
cheers
teb