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

  • #1,021
  • Jul 28, 2010 2:40am Jul 28, 2010 2:40am
It seems that Ej and Uj will give a signal soon, big bars thou.

Edit :Bleh just found out that cause I'm a junior it will take some time for this to print.

The bar that gave the signal opened a bit high for my liking, I'm staying out of this one
  • #1,022
  • Edited 3:41am Jul 28, 2010 3:39am | Edited 3:41am
Short opened on USDCAD @ 1.0307 (I know it's above 1.03 and it's kinda bad but I gotta catch a glimplse of this system)

The M5 pullback was formed via MA crosses. From my understanding we don't need both RSI crossing up and down the 50 line and MA cross and recross, the MA cross is enough right?

Atm I'm on a 9 pip gain, sadly I'm using Forex.com as broker and that means 4 pip spread on usdcad.

Anyone else in?
Diez

EDIT : I'm glad I stood out the jpy crosses, Eurjpy would have hit my SL and UJ went up 10 pips only, excluding spread.
  • #1,023
  • Edited 4:44am Jul 28, 2010 4:19am | Edited 4:44am
Took long on EURUSD @ 1.3007

Mas crossed for a long signal on M5 for USDCAD so I closed the trades for 10 pips loss.

EDIT : EU First target hit - 21 pips-3 spread =18 pips profit, 2nd trade still running
EDIT 2 : 2n trade hit sl ,

-2 pips atm for the day
  • #1,024
  • Jul 28, 2010 8:30am Jul 28, 2010 8:30am
Quoting sriloba
Hi Jobey!

When you short Euro you go counter trend from 4h chart. You can do counter trend trade but it is a short live.
Most of the time the Bigs Dogs enter their trades in 4h chart. If we, the day to day traders, determine the trend from the 4h chart then we can assure riding the wave longer.

First I determine the trend in 4h chart (5/10 ema and filtered by RSI(9) & stoc(10,3,3). If 5/10 ema cross down, 4h chart, confirmed by rsi(9) is below 50 and stoc(10.3.3) cross down then I'm only looking short trade signal in 30 min chart with 5/10 ema...

why do you post this?
I have asked to post nothing but the system
please remove these posting thanks

PPoints have been known to be useless in FOREX
for two reasons
1. there is no point to begin and end like in stocks
2. And now there are way to many kinds of PP.

cheers

teb
  • #1,025
  • Jul 28, 2010 8:32am Jul 28, 2010 8:32am
Day of July 28. Trend /Trade / Strength

Eur/Usd Bull Trend ↑
Gbp/Usd Bull Trend ↑↑↑
Usd/Chf No Trend ↔
Usd/Jpy Weak Trend ↓

Eur/Jpy Weak Trend ↑
Eur/Gbp Weak Trend ↓
Eur/Chf Bull Trend ↑

Usd/Cad Bear Trend ↓
Aud/Usd Bull Trend ↑
Nzd/Usd No Trend Day ∩ 1.

Trend Key
Bull Trend Bear Trend Weak Trend No Trend ↔
Strong ↑ / ↓ Stronger ↑↑ / ↓↓ Very Strong ↑↑↑ / ↓↓↓
No Trend Day ∩ 1. Interest Rate 2. Nonfarm Payroll 3. Holidays 4. Elections

· Best to trade a pair that does business in the hours you are trading.
· The best days to trade trend are Tues, Wed, Thru.
· Worst times are Sunday night and Friday after 12noon EST. (NY NY)

Wed

Jul 28

4:45am

GBP

BOE Gov King Speaks

8:30am

USD

Core Durable Goods Orders m/m

0.6%

1.6%

5:00pm

NZD

Official Cash Rate

3.00%

2.75%



Trading Ideas
Gbp/Usd Bull Trend ↑↑↑
Nzd/Usd No Trend Day ∩ 1.



Cheers teb J
Trading is risky, Trade at your own risk!!!!


want to be on the list email [email protected]
  • #1,026
  • Jul 28, 2010 9:30am Jul 28, 2010 9:30am
Hi TEB63

Thanks for all you're doing. I'm slowly getting more confident in my trading thanks to your system.
I have a question regarding counter trend trades.
For example, today you have given the GBP/USD pair a very strong Bull trend. (I don't follow this pair as the spread is too great for me.)
If a short trade was indicated with your system, would you take it, or wait for the trend to correct?

Thanks for all your work.
  • #1,027
  • Jul 28, 2010 10:31am Jul 28, 2010 10:31am
Hi Jobey!

If the system indicates there is a trade then we should not hesitate to look for an entry. The problem is taking the prevail trend in lower time frame we may face a volatile market.

Pound is up on 4h chart based on the golden cross of 5/12 ema and rsi(20) above 50. (See picture)


Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: pound.gif Size: 28 KB
Being a fxtrader is not easy. Ones must working hard.
  • #1,028
  • Jul 28, 2010 11:41am Jul 28, 2010 11:41am
Teb -

I have a decent success rate with this strategy but don't know how to spot pullbacks. If the 2 TFs are completely in agreement (i use the more conservative 45 & 55 RSI) do you just wait a little while, 5-10 minutes, to see if there is a pullback? The pullback is the only real problem I've had with this strat. Looking over past trades there are frequent pullbacks that would have given extra pips. p.
  • #1,029
  • Jul 28, 2010 8:25pm Jul 28, 2010 8:25pm
Day of July 29.Trend /Trade / Strength

Eur/Usd Bull Trend ↑
Usd/Chf No Trend ↔
Gbp/Usd Bull Trend ↑↑↑
Usd/Jpy Bear Trend↓

Eur/Jpy Weak Trend ↑
Eur/Gbp Weak Trend↓
Eur/Chf Bull Trend ↑

Usd/Cad Bear Trend↓
Aud/Usd No Trend ↔
Nzd/Usd No Trend Day ∩1.

Trend Key
Bull Trend Bear TrendWeak TrendNo Trend ↔
Strong ↑ / ↓ Stronger ↑↑ / ↓↓ Very Strong ↑↑↑ / ↓↓↓
No Trend Day ∩1. Interest Rate 2. Nonfarm Payroll 3. Holidays 4. Elections

· Best to trade a pair that does business in the hours you are trading.
· The best days to trade trend are Tues, Wed, Thru.
· Worst times are Sunday night and Friday after 12noon EST. (NY NY)

Trading Ideas
Gbp/Usd Bull Trend ↑↑↑

Be Careful Notes

Thu



Jul 29



2:00am



GBP



Nationwide HPI m/m

-0.2%



0.1%



8:30am



USD



Unemployment Claims

457K



464K





Cheers teb J

Trading is risky, Trade at your own risk!!!!

I have now over 1000 names
Hotmail 100 times 11 lists so it takes a little time
About 2 people a week want to drop off the lists .
The problem is it takes too long to find them.
I will change to a new email in sept. When I have time.
Please keep on the list until then if you are on now
And I will kill all emails and start again in sept.

Cheers
[email protected]

teb
  • #1,030
  • Jul 29, 2010 3:01am Jul 29, 2010 3:01am
Hi everyone,

This is my first post on this thread, I have finally finished going through the whole thread and think there is a great method here which really suits my trading style.

Thanks to Teb for all the effort he has put in and also thanks for adding me to your mailing list, just got my first e-mail today.

I have a chart below with a trade I took from this morning (still only paper trading at this point until I build up my knowledge of the method).

So on the cable this morning the 30min chart was trending quite well, RSI and EMAs all correct. I then followed the market on the 5min timeframe and found a few possible trigger points, I would like some advice on what would be the best ones to take if possible.

The 3 blue circled candles are all candle patterns, 1-engulfing, 2-hammer/pinbar, 3- piercing line/engulfing. Personally I thought the best entry was to wait for the break of the resistance level, and take the trigger at the black line as I have indicated on the chart. In this case the tp20 was hit, and the 2nd order stopped out at BE.

Do others agree and think its best to wait for the break, or should I have been more aggressive and entered on some of the candlestick patterns?

Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 38 KB
  • #1,031
  • Jul 29, 2010 12:57pm Jul 29, 2010 12:57pm
Quoting caj1986
Hi everyone,

This is my first post on this thread, I have finally finished going through the whole thread and think there is a great method here which really suits my trading style.

Thanks to Teb for all the effort he has put in and also thanks for adding me to your mailing list, just got my first e-mail today.

I have a chart below with a trade I took from this morning (still only paper trading at this point until I build up my knowledge of the method).

So on the cable this morning the 30min chart was trending quite well, RSI and EMAs all correct....
Hi Caj1986

Im not sure about those candle patterns you metioned. If Im correct one on the rules for reversal patterns (like hammer, or engulfing pattern) is preceding trend. In your case short term trend is up so that hammer or engulfing pattern could be a false signal. But break of upper trendline is a good entry.

Regards
  • #1,032
  • Jul 29, 2010 3:34pm Jul 29, 2010 3:34pm
Hi teb63 and sorry for my bad English

This is my questions:

1)If cross at 30m tf… before ema and after rsi or… before rsi and after ema or… both together is important or not?

2)at the 5m the rsi many times retracement in pull back?
And the first rsi retracement is always secure?..always happen?

3) I am doubtful the system is great in eur/usd ..a little less into gpb/usd…bat the other pair
Eur/Jpy Usd/Jpy Eur/Gbp Usd/Cad Aud/Usd ..its very dangerous…too false signals, there is same that I don’t know?

4) I want propose the exit, whit this levels:

In the chart 30m you can see that there are same good trade very strong (line green) and same trade that I think like false signal (line red ),,,good!

The good trade have one thing too similar..all trades cross the MA cyan and usually taKe the level resistence or support, and same time go again..now!

If is possible take away the bad trades (line red)…we have the exit for the trade!

I post you because bago system have less false signal at 60tf…but the exit is the same for the bago system…if sameone is interesting can post this into the trade of bago system!

I post here the pic,,,I hope don’t mistake the post this is my firs post here!

Cheer!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: tf30.gif Size: 26 KB
Click to Enlarge Name: b.gif Size: 22 KB
Click to Enlarge Name: c.gif Size: 25 KB
Attached File(s)
File Type: zip teb63.zip   199 KB | 939 downloads
  • #1,033
  • Jul 29, 2010 3:49pm Jul 29, 2010 3:49pm
i attach the other tf 30m..

ho yes.. really the line red and green at tf 5m you see are the same line at the 30m tf so that the position is more or less and no exatly the position whe the trand started.


cheer!
Attached Image (click to enlarge)
Click to Enlarge Name: 30 tf bis.gif Size: 30 KB
  • #1,034
  • Jul 29, 2010 3:58pm Jul 29, 2010 3:58pm
the resistence or support i mean is the envelopes indicator ( the line.... line-dot)...the 3th after the ema cyan!
  • #1,035
  • Jul 30, 2010 6:05am Jul 30, 2010 6:05am
Your graphics are getting jacked up:
Attached Image (click to enlarge)
Click to Enlarge Name: 7-30-2010 4-05-21 AM.png Size: 67 KB
  • #1,036
  • Jul 30, 2010 4:31pm Jul 30, 2010 4:31pm
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Hi all,
Thank you TEB, for your work, formate is better, easy to see.
Hear is the trade for today, i only traded eur
Attached Image (click to enlarge)
Click to Enlarge Name: teb98.gif Size: 21 KB
  • #1,037
  • Jul 30, 2010 9:34pm Jul 30, 2010 9:34pm
Quoting L,,Olonese
Hi teb63 and sorry for my bad English

This is my questions:

1)If cross at 30m tf… before ema and after rsi or… before rsi and after ema or… both together is important or not?

2)at the 5m the rsi many times retracement in pull back?
And the first rsi retracement is always secure?..always happen?

3) I am doubtful the system is great in eur/usd ..a little less into gpb/usd…bat the other pair
[color=black][font=Arial]Eur/Jpy Usd/Jpy...

it works fine for me?
1. What times are you taking trades?
2. Are you working with my trend and trade calls?
3. post the bago system in the bago pasting what ever it.
4. all systems have faulse signs that is trading
but if you do this system right there will be very few.

cheers

teb

cheers
  • #1,038
  • Jul 31, 2010 3:16am Jul 31, 2010 3:16am
Have been using your system since I found this thread, and am very impressed with the results.
Thanks.

Rags
But who knows for sure ?
  • #1,039
  • Jul 31, 2010 6:21am Jul 31, 2010 6:21am
Hi Teb 63

Thanks for your Trend 'heads up'. They are very useful. I seem to have the same problem with the email version that Slack has.
Absolutely no problem, I just look at the FF version and that's fine.

I do have one tiny question though, and that concerns trend direction.
If you recommend/indicate that a particular pair has a strong trend going one way, would you consider a counter trend trade if your system indicated one?

Thanks for your work.

Rags
But who knows for sure ?
  • #1,040
  • Aug 1, 2010 7:08am Aug 1, 2010 7:08am
Quoting Rags2
Hi Teb 63

Thanks for your Trend 'heads up'. They are very useful. I seem to have the same problem with the email version that Slack has.
Absolutely no problem, I just look at the FF version and that's fine.

I do have one tiny question though, and that concerns trend direction.
If you recommend/indicate that a particular pair has a strong trend going one way, would you consider a counter trend trade if your system indicated one?

Thanks for your work.

Rags

is the new formate better ? can you read it all
thanks

teb


Day of Aug. 2 Trend /Trade / Strength As of Fri. 5:05 pm.

Eur/Usd Strong Trend
Usd/Chf Strong Trend
Gbp/Usd Strong Trend

Usd/Jpy Very Strong Trend
Eur/Jpy Weak Trend
Gbp/Jpy No Trend

Eur/Gbp Very StrongTrend
Eur/Chf No Trend
Gbp/Chf Strong trend

Usd/Cad Very StrongTrend ++No Trend Day Holiday See Chart
Aud/Usd Very StrongTrend
Nzd/Usd Strong Trend

Oil Very StrongTrend See Chart
Gold Weak Trend
Silver No Trend

Trend Key:
No Trend Day - No Trend - Up Trend -Down Trend
Weak Trend - Mild trend - Strong trend - Very Strong trend

Trading Ideas for the Day:
1. Usd: Very StrongTrend 2. Oil: Very StrongTrend

Be Careful Notes: Colour Code: Big Market Mover Market Changer Market Holiday


MonAug 2
3:15am CHF Retail Sales y/y 4.1% 3.8%



2nd-7th GBP Halifax HPI m/m -0.4 -0.6%



4:30am GBP Manufacturing PMI 57.1 57.5


All Day CAD Bank Holiday

10:00am USD ISM Manufacturing PM I54.3 56.2



10:15am USD Fed Chairman Bernanke Speaks
6:45pm NZD Labour Cost Index q/q 0.4% 0.3%



9:30pm AUD ANZ Job Advertisements m/m 2.7
9:30pm AUD Building Approvals m/m 2.1% -6.6%



9:30pm AUDRetail Sales m/m 0.4% 0.2%




Ø Best to trade a pair that does business in the hours you are trading.
Ø The best days to trade trend are Tues, Wed & Thru.
Ø Worst times are Sunday night and Friday after 12 noon EST. (Ny.Ny.)

TEBJ: To be added to the mailing list, send an email to [color=#0000ff][email protected][/color]

Trading is RISKY, Trade at your ownRISK!

I have now over 1000 names; Hotmail 100 times 11 list so it takes a little time.
About 2 people a week want to drop off the lists. The problem is it takes too long to find them. I will change to a new email in Sept. when I have time. Please keep on the list until then, if you are on now and I will kill all emails and start again in Sept.
Cheers & Thanks
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