hi，TEB，i am new to this thread ，can you tell me how to decide the main tend，is that on 30min chart when ema5 crossover ema 12 and also the rsi20 cross the 50line？？？？
TEB 5ema & 12ema and 21 RSI (MTF)
- #782
- Jun 28, 2010 3:24pm Jun 28, 2010 3:24pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
hi，TEB，i am new to this thread ，can you tell me how to decide the main tend，is that on 30min chart when ema5 crossover ema 12 and also the rsi20 cross the 50line？？？？
yes
but read the 1st posting
teb
- #783
- Jun 28, 2010 3:46pm Jun 28, 2010 3:46pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
not sure why my trade calls did not go out today .. sorry
I had 173 emails tell that anyways lol
so here it is
it will be the same for tomorrow at this time
I will check and re email after asia starts up
if you would like to be on my email list to get trend & trade please email me at
[email protected]
teb
Date: for June 29 Trend Strength
Eur/Usd Bear 6
Eur/Gbp Bear 8
Eur/Jpy Bear 8
Usd/Jpy 1 to 4 no trend (Neutral).
Usd/Cad Bull 6
Aud/Usd 1 to 4 no trend (Neutral).
Gbp/Usd Bull 6
Usd/Chf 1 to 4 no trend (Neutral).
Crude Oil Bull 8
Gold Bull 7
Key
Trend
Bear (down)
Bull (up)
Strength
7 & 8 Strong trend
5 & 6 Weak trend
1 to 4 no trend (Neutral)
I look to trading only 7 & 8
I will not trend trade 4 or below, no trend no trade.
Non Trade Days ie. 1. Interest rate 2. Nonfarm payroll 3. Holidays 4. Elections
· Best to trade a pair that does business in the time you are trading.
· The best days to trade trend are Tues, Wed, Thru.
· Worst times are Sunday night and Friday after 12noon EST.
· Only trade with the trend, use whatever set up you like.
· You make money on the exit!!!
Trading Idea for the day
Euro weakness & pound strength :
Cot says euro is in a lot of hurt
Training is risky, trade at your own risk!!!!
I had 173 emails tell that anyways lol
so here it is
it will be the same for tomorrow at this time
I will check and re email after asia starts up
if you would like to be on my email list to get trend & trade please email me at
[email protected]
teb
Date: for June 29 Trend Strength
Eur/Usd Bear 6
Eur/Gbp Bear 8
Eur/Jpy Bear 8
Usd/Jpy 1 to 4 no trend (Neutral).
Usd/Cad Bull 6
Aud/Usd 1 to 4 no trend (Neutral).
Gbp/Usd Bull 6
Usd/Chf 1 to 4 no trend (Neutral).
Crude Oil Bull 8
Gold Bull 7
Key
Trend
Bear (down)
Bull (up)
Strength
7 & 8 Strong trend
5 & 6 Weak trend
1 to 4 no trend (Neutral)
I look to trading only 7 & 8
I will not trend trade 4 or below, no trend no trade.
Non Trade Days ie. 1. Interest rate 2. Nonfarm payroll 3. Holidays 4. Elections
· Best to trade a pair that does business in the time you are trading.
· The best days to trade trend are Tues, Wed, Thru.
· Worst times are Sunday night and Friday after 12noon EST.
· Only trade with the trend, use whatever set up you like.
· You make money on the exit!!!
Trading Idea for the day
Euro weakness & pound strength :
Cot says euro is in a lot of hurt
Training is risky, trade at your own risk!!!!
yes
but read the 1st posting
teb
- #785
- Jun 28, 2010 3:59pm Jun 28, 2010 3:59pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
thank you TEB，you are a very kind man，but i have 2 questions，when you determine the tend ，5and 12ema crossover，rsi20cross50 at the same time is very easy ，but they often one appear at first ，and the other later，is that also the tend confirm？？？and the entry on 5min chart is the same question.
this is very key !!
normally it will be one then the other .
its nice because you see the set up a mile away,
when you have a confirmed trend on the 30 mins
you can then and only then look for what is really a re-entey on the
5 mins again you want both the rsi and emas crossed right with the trend on the 30min chart
teb
- #786
- Jun 28, 2010 4:11pm Jun 28, 2010 4:11pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
hi guys
when people start trading they always want to get every move and every pip. well you can get every move but you wil get a lot of false moves too.
you can trade as I do and get the sweet spot and a lot of the moves and a few losses
or you can hunt tops and bottoms and get longer rides and way more pips
but way way more loses. This is very ok as long as you keep you loses small and run your winners
but what I have seen, this is very hard to do when you are new to the fx
the way I trade is easier but may not be better !!
anyways you have to choice: sweet spot or tops and bottom trader most people can not do both.
I can do one or the other but I have never been much good at doing both at the same time
cheers
teb
when people start trading they always want to get every move and every pip. well you can get every move but you wil get a lot of false moves too.
you can trade as I do and get the sweet spot and a lot of the moves and a few losses
or you can hunt tops and bottoms and get longer rides and way more pips
but way way more loses. This is very ok as long as you keep you loses small and run your winners
but what I have seen, this is very hard to do when you are new to the fx
the way I trade is easier but may not be better !!
anyways you have to choice: sweet spot or tops and bottom trader most people can not do both.
I can do one or the other but I have never been much good at doing both at the same time
cheers
teb
the eur/gbp enteries
30 min .8217
one out at .8202 other one lot still one on 2nd one at break even
5min . .8194 one lot off at 21 pips one riding 2nd one at break even
.8155 " " " ' "
.8140 '' '' '' '' ''
and a lot of 1 min trades mostly 11pips only one lot at a time
I hope that is helpful
cheers
teb
- #788
- Jun 28, 2010 4:21pm Jun 28, 2010 4:21pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
you said you entered at 30 min .8217. did you enter at the cross of 5/12 on the 30 min chart ?
yep I was awaiting it!!
I do not normally trade the london but
I had my comp. beside my bed .
want to ride this pair a long way !!
teb
- #789
- Jun 28, 2010 5:45pm Jun 28, 2010 5:45pm
yep I was awaiting it!!
I do not normally trade the london but
I had my comp. beside my bed .
want to ride this pair a long way !!
teb
it was an entry on 5m cross too.
- #790
- Jun 28, 2010 7:12pm Jun 28, 2010 7:12pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
eur/jpy is setting up nice!!
teb.
teb.
- #791
- Jun 28, 2010 7:26pm Jun 28, 2010 7:26pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
below 72 !!
teb
teb
- #792
- Jun 28, 2010 9:47pm Jun 28, 2010 9:47pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
below 72 !!
teb
1st lot 21 pips
2nd lot BE and swinging
teb
- #793
- Jun 29, 2010 5:51am Jun 29, 2010 5:51am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
1st lot 21 pips
2nd lot BE and swinging
teb
2nd lot taken out at 108.03
I did not think we would get there!!
teb
- #794
- Jun 29, 2010 6:02am Jun 29, 2010 6:02am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
big issue in china ... they make a mistake lol.
anyways
usd anything strenghy
pound strenght esp. against the eur
oil !! the big storm to hit usd south
oil will go down then up!!!
normally the usd does the same but I think the china
issue will over rule the storm effect
teb
anyways
usd anything strenghy
pound strenght esp. against the eur
oil !! the big storm to hit usd south
oil will go down then up!!!
normally the usd does the same but I think the china
issue will over rule the storm effect
teb
- #796
- Jun 29, 2010 7:32am Jun 29, 2010 7:32am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
by the way
just finnished my 5 candle formation teaching
will be sending it out with my trend and trade call
which will be tonight or tomorrow before 8am est
if you would like the trend and trade calls
ot the candle teching
just email me at
[email protected]
cheers
teb
just finnished my 5 candle formation teaching
will be sending it out with my trend and trade call
which will be tonight or tomorrow before 8am est
if you would like the trend and trade calls
ot the candle teching
just email me at
[email protected]
cheers
teb
- #797
- Jun 29, 2010 8:49am Jun 29, 2010 8:49am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
big issue in china ... they make a mistake lol.
anyways
usd anything strenghy
pound strenght esp. against the eur
oil !! the big storm to hit usd south
oil will go down then up!!!
normally the usd does the same but I think the china
issue will over rule the storm effect
teb
eur/usd & eur/gbp
both dropping very well
1st tagets on both taken out
euo next target 53
other two lot left to swingin'
all trades at BE
Teb
- #799
- Jun 29, 2010 9:09am Jun 29, 2010 9:09am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
eur/usd & eur/gbp
both dropping very well
1st tagets on both taken out
euo next target 53
other two lot left to swingin'
all trades at BE
Teb
3rd target is now 03
4 lot will let swing
Teb
- #800
- Jun 29, 2010 9:58am Jun 29, 2010 9:58am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
out of all trades ..even trades from yesterday 
done for the day
chers
teb
done for the day
chers
teb