TEB sytstem

this is a very great system !!
still one of my favs
But the more you use price action
the less you use tools for triggers


but its a great system
I hope it treads you well

cheers

teb

One more: closed with 62 pips

Congratulatins on your success. I've been reading the thread and it looks like a very simple system and very profitable one.

Carol

Are you talking about the one posted on first page? Can you explain this system? Thanks.

Hi 1000 !

Could you explain the exact principle of this system? I would like to know if in addition to the graph and Stoch anything else you use? confirm whether the trend of the daily and H4 is a signal to enter the M30?
I greet and congratulate!
Moritz

Hey All -

I am a "tech guy". I like this system and am working with it to create an EA (I don't use MT4 - I used the FXCM API and wrote my own).

Anyway, if there are enough of you that would want something like this I could put the STO indicators in a little web page that fits in the corner of your screen it could show most pairs and give some color indication of the status of the D1, H4, H1, m30 and m15 STO(5, 3, 3). (The values would be driven by an FXCM price feed).

Might be an easy way to monitor more pairs - or, at the least, let you know when something is developing so you can switch to the appropriate chart to take a look.

I will check back to see what kind of interest those that follow this system have in something like this..........

jefffxtrader

Hi TEB,

what longer time frame pair will u recommend for working folks?
thank you

month -week- day works great
week- day- 4 hour (3 hour) works great as well

cheers

TEB

Hi teb,

thanks for your reply.

1 question, why do we only look for short trades when the price is above ema 50?

i thought when the price is above ema 50 indicates that the market is treading up we should be looking for long trades?

sorry if i miss out anything from the thread.

thank you.

today another example...trand dawn at 30 tf ..its become trand at 60tf and grat pull back at the lime green line...the 3h after the cyan line...
ok by b..y i go my holliday good luck all!


cheer

I tested that system with Stoch 5,3,3 at D1, H4, M30

It works but i think its better to look at D1 trend not at stoch (cuz its very often oversold or overbought) but at MACD histogramm bars. If last macd bar is higher than previous bar then we lookin' for buys only and vice versa for shorts.

Stock is very often at oversold overbought zones so its very hard to see stoch at all 3 timeframes go up or down and not oversold overbought at all 3 timeframes. So its easier to see 2 stoch go down or up and not oversold overbought than see 3 stoch.

TEB, what do you think about it?)

My english is not clear, sorry

Hai everyone!

i just read all the threads! and it took me 2 days, LOL!

TEB thanks for your great system, i am using TEB1 and it really works! but i use H4/H30 and H1/H15...

I am good in entering the trade but the hard part is to exit the trade..Thats why I usually set my trade at SL 35 and TP 20. i knw its not a good Reward Ratio but since this system is pretty accurate y not.

anyway TEB do you have any suggestion on how to exit the trade?because if i exit the trade when the H4 crosses back, usually I would exited it a bit late and the positive trade would turn into negative trade.

By the way, anyone of you here is still using TEB1?

Hi Teb, good stuff, I've been using slow stochastics 14, 6 as my main indicator on about 6 timeframes. It spots trend peaks and valleys quicker than the MACD, but there is an art to it.

I use 4m, 20m, 1hr, 4hr, 1day, 1week, and I judge the trend by looking at the slow stochastics of each timeframe. It is safest when at least the 4 and 20 minute stochastics line up, but the more that are in sync the bigger the move that will occur in time so that one may let one's position ride if one chooses.

I use thinkorswim and just have like 6 chart snippets. I would suggest looking at the stochastics of all 6 to learn the process. It is an art because there is often a price peak or valley within overbought or oversold stochastics period which is the optimal entry point (rather than when it crosses above 20 or below 80).

I use real tight stops, .05%, which is like 5 pips. If I get stopped out I try to enter again real soon at a better entry, because it is even more overbought or oversold at this time. My exit is when the stochastics move to whatever extreme unless I feel the move is faltering and will come back on me, then I just exit at that time.

Right now I am using MACD, and ADX/DMI too, but am trying to streamline the complexity of my system down (which is still simple). I'll post my system and graphics once I get it stabilized. I am a relatively new trader and I find multiple timeframe trading using slow stochastics, MACD, or similar, to be the key to profitability. One can trade anything with this system too.

Great systems but a big mistake to lump them all together....great confusion about the rules!!!! What a diservice to this thread!

Hi

You have 10+V and you claim you can get 90-95% winners with ema cross and an oscillator?

Im learning now Harmonic trading which many PRO traders use, the guy who's teaching me (I know him in RL) is an experienced successfull trader and he gets 80-85% winners with R/R at least 1/2 often 1/3+

Harmonic patterns, divergence, FIB lvls are leading methods, emas are lagging so maybe rewrite your post?

In fact when my mentor saw your post he loled pretty hard

You only misleading new traders, ema cross method can work but you will never get 90% win rate and in ranging market you will get murdered by your ema's

Regards
HankT

1. I never said I got 90 % over 75% yes
2. the system I am using now is higher than this one for sure!
3. If your teacher cannot get 75 % win/Loss get a new teacher!
(if he is good he may well go for a lower win/Loss with a higher/ Risk)

cheers

TEB

What system do you want to use
it depends on


1. on your time frames you want to trade
2. the amount of money you have
3. what tools do you like EMA, SMA CCI, STOCH etc
4. your risk level
5. all most all systems work - you must follow the rules.

take one my system and master it. they are all based on
1. multi time frames - which just helps you know you are with the trend on a few time frames.
2. helps you find great entries, and helps you find good stops and profits

ie.
4 hour: trend charts
1 hour: to find stops and profit
- Support and resistants and trend lines
- Round numbers -" 00" and "50" ie. 1.0250
15 mins: entry

cheers

teb

Hello TEB63

I have just found your threads for this system and your TEB2 system and I very much like the simplicity of them. Do you trade both and do you find both of them equally profitable or do you favour one of them?

This thread is awesome and close to holy-grail. Why people have moved away from this thread. I will revive this thread from next trading day. What i find interesting in this method:

1. This system can bank close to 100 pips almost 70% of the trades.

2. I find EU, GU, EJ, AU,Uchf to be the pairs to trade with this system.

3. Coming to winning percentage it is close to 85% when i use Day, 4hr and 30 min stocs.

I am going to adapt to this and am not going to look back for any more systems. This is just wonderful system. It has suited my style and am able to bank close to 400 pips a week. That is awesome!!

In the chart you can see the three stocs signalling a sell. I entered the trade when M30 stocs turned to sell, banked 100 pips from this trade. One has to be patient to take these trades. you can easily get good trade setups approx 3-4 per week in any pair.