TEB 5ema & 12ema and 21 RSI (MTF)
- #1,403
- Oct 6, 2010 5:41am Oct 6, 2010 5:41am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I am with oanda as well and passed on the trade because of the spread over 3
:-(
the crosses move a lot more and so bigger spreds
teb
- #1,404
- Oct 6, 2010 5:57am Oct 6, 2010 5:57am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Gbp/Chf sell at 1.5325 ( or better)
teb
and other buy below 77
teb
- #1,405
- Oct 6, 2010 9:27am Oct 6, 2010 9:27am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
as of London close
these are what I would call safe trades
Look for a reason to get in at a good price
Teb
these are what I would call safe trades
Look for a reason to get in at a good price
Teb
- #1,406
- Oct 6, 2010 12:35pm Oct 6, 2010 12:35pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I sent this out a few weeks ago
7th Candle Formation Steps: It’s a variation of the 1 2 3 Break.
1. RSI 20
i. Blue Box on the RSI 20 : Gives permission to start to look to trade.
ii Blue Box on the RSI 20 : Big reversal: If you are not out get out.
2. Steps
i. See the Blue Steps
a. Step #1 the beginning step (Bullnose)
b. Steps #2 & #3 are Entries
c. Step # 4 the ending (floor or ceiling) a Pattern Failed: price bounds off step
ii. See the Pink Steps
a. Steps #1 is Reversal
Entry: With at least lots
i. Direction of the RSI 20
ii: Break of a wrong coloured candle back to the trend.
Exit:
i. 1.2.3. Break reversal
ii. A change on the RSI
Stop Loss: Above the Step before. ie Step 1 would be the SL for Step 2
Target: 1st lot equal to Stop Loss2nd lot target let it swing out
Best treading idea: London To Ny to Asia open on 5 min charts
The remainder is the same as the basic 1.2.3 break please see that teaching
I will be sending out The next candle formation tonight or tomorrow
if you want to be on that list
just email me at [email protected]
teb
7th Candle Formation Steps: It’s a variation of the 1 2 3 Break.
1. RSI 20
i. Blue Box on the RSI 20 : Gives permission to start to look to trade.
ii Blue Box on the RSI 20 : Big reversal: If you are not out get out.
2. Steps
i. See the Blue Steps
a. Step #1 the beginning step (Bullnose)
b. Steps #2 & #3 are Entries
c. Step # 4 the ending (floor or ceiling) a Pattern Failed: price bounds off step
ii. See the Pink Steps
a. Steps #1 is Reversal
Entry: With at least lots
i. Direction of the RSI 20
ii: Break of a wrong coloured candle back to the trend.
Exit:
i. 1.2.3. Break reversal
ii. A change on the RSI
Stop Loss: Above the Step before. ie Step 1 would be the SL for Step 2
Target: 1st lot equal to Stop Loss2nd lot target let it swing out
Best treading idea: London To Ny to Asia open on 5 min charts
The remainder is the same as the basic 1.2.3 break please see that teaching
I will be sending out The next candle formation tonight or tomorrow
if you want to be on that list
just email me at [email protected]
teb
- #1,407
- Oct 6, 2010 4:23pm Oct 6, 2010 4:23pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Send out trade calls and candle teaching: if you did not get it
or want to be on the email list to get it
email me at [email protected]
teb
or want to be on the email list to get it
email me at [email protected]
teb
- #1,410
- Oct 7, 2010 6:59am Oct 7, 2010 6:59am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Cad @ 1.0170 find a reason to sell
TEB
TEB
- #1,412
- Oct 7, 2010 7:39am Oct 7, 2010 7:39am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
what system are you using to get a sell signal on USDCAD???
news trade ... price way out of position
we sometimes forget there is a real price for money
and it changes very lowly
the big boys take everyones money esp in news time
look at where the cad should be ... where is it going
... it will keep doing that unless something changes
one news report if not do that normally
bank rates will or NFP
cheers
teb
- #1,413
- Oct 7, 2010 8:03am Oct 7, 2010 8:03am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hay Guys
You need to understand
4X real and 4X game
The real 4X is month week and Day
(4 hour and 3 hour could be seen as the between ground)
4X game is below that
I play on the 3 hour 30 min and 5 min
sometimes the 1 min
But the 4X real and 4X game have very differant rules
TEB
You need to understand
4X real and 4X game
The real 4X is month week and Day
(4 hour and 3 hour could be seen as the between ground)
4X game is below that
I play on the 3 hour 30 min and 5 min
sometimes the 1 min
But the 4X real and 4X game have very differant rules
TEB
- #1,414
- Oct 7, 2010 8:35am Oct 7, 2010 8:35am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Speaking of position
The Eur/Jpy
been in a strong uptrend
and Jp drops their bank rate to 0%
and this pair is now falling
The eur had beed strong,
teb
The Eur/Jpy
been in a strong uptrend
and Jp drops their bank rate to 0%
and this pair is now falling
The eur had beed strong,
teb
- #1,415
- Oct 7, 2010 2:42pm Oct 7, 2010 2:42pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I trade mostly on the 3 hour chart
there ar 4 hour charts
Teb
- #1,416
- Oct 7, 2010 3:07pm Oct 7, 2010 3:07pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
UsdCad sell
aggressive 1.0165
conservative 1.0145
target:
1st lot 1.0105
2st lot 1.0005
Stop Loss
aggressive 1.0275
conservative 1.0220
TEB
aggressive 1.0165
conservative 1.0145
target:
1st lot 1.0105
2st lot 1.0005
Stop Loss
aggressive 1.0275
conservative 1.0220
TEB
- #1,417
- Edited 4:00am Oct 8, 2010 3:38am | Edited 4:00am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
- #1,419
- Oct 8, 2010 10:39am Oct 8, 2010 10:39am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
How these three lines are drawn? Is it an indicator?
Its a system I have set up. you like it?
I am going to simplify it a little more over the weekend
And show the entry/exits and targets on the 3 or 4 hour charts
then you stil use the 5/30 system on the small entries
cheers
teb