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TEB: Retracement Wave Surfer System

  • #61
  • Jan 8, 2011 5:11pm Jan 8, 2011 5:11pm
hi Teb

as draw lines and circles?

thanks
  • #62
  • Jan 8, 2011 6:00pm Jan 8, 2011 6:00pm
Quoting porfirio
hi Teb

as draw lines and circles?

thanks
yes what I am saying is remove everything from your charts
other then the 3 SMAs!!

You may have good stuff on them ie your channels thing (the red and green thing you have on your charts and the trend arrow....)

then we can see what you are saying .. so the only lines (or circles if your flatforum had them) will be to tell others what you see ,,,what you think is happenning

you have trend lies on some of your chart ...use them

again if I put a bunch of stuff on my charts it likely means something to me but not likely to you .. unless we have something worked out to meaning right ..

ie. 1st break yellow lines (or circles if its a cross under ther 30sma )


SO if the charts are clear of all our personal stuff
everyone will understand the things you think for the system .

again a chart should look like
left: we have nothing on the charts but 3 SMAs .. it a clean chart
right: we can clearly see what is going on . Very easy


Attached Image (click to enlarge)
Click to Enlarge Name: aa.gif Size: 64 KB



teb
  • #63
  • Jan 9, 2011 1:27am Jan 9, 2011 1:27am
Hi Teb!
Interesting thread! You wrote:
" I am out with NFP coming later
I will not have a trend following system up and running today have a nice weekend. "


Are there others times when you avoid trading? If so, which ones?

Thank you on advance for your answer.
  • #64
  • Jan 9, 2011 8:08am Jan 9, 2011 8:08am
Quoting jeff75
Hi Teb!
Interesting thread! You wrote:
" I am out with NFP coming later
I will not have a trend following system up and running today have a nice weekend. "


Are there others times when you avoid trading? If so, which ones?

Thank you on advance for your answer.

yes if we have an interest rate on that day for that countries pairs
or other grat evernts ie. a election , a great storm (USD south esp.)
that is about it
  • #65
  • Jan 9, 2011 9:47am Jan 9, 2011 9:47am
Quoting porfirio
every day there are lots of tickets
Porfirio,

What is the bandsindicator you use on yours charts?
  • #66
  • Jan 9, 2011 4:14pm Jan 9, 2011 4:14pm
here you have it

please if you put graphics here, stick to using only the sma 30-60-120 ... is what I will do from now if I ever publish a chart, as well as requested by the operator of the strategy (Teb)

Greetings
Attached File(s)
File Type: ex4 TriangularMA centered abands alerts 2.ex4   12 KB | 420 downloads
  • #67
  • Jan 9, 2011 4:29pm Jan 9, 2011 4:29pm
I refer to your graphics should look like this

sma 120 (red) - sma 60 (green) - sma 30 (yellow)

and nothing more!

Greetings
Attached Image (click to enlarge)
Click to Enlarge Name: teb.gif Size: 26 KB
  • #68
  • Jan 9, 2011 5:02pm Jan 9, 2011 5:02pm
is everyone ready for the really big one dude

Attached Image


teb
  • #69
  • Jan 9, 2011 5:40pm Jan 9, 2011 5:40pm
Hey teb...I've been studying these charts all weekend and trying to identify the retrace break break and ride the trend methodology and I just want to make sure that I have this right...So can you please give me some feedback on this...Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: possible 123 entry.gif Size: 45 KB
No man is free who is not a master of himself. -P.M.-
  • #70
  • Jan 9, 2011 5:43pm Jan 9, 2011 5:43pm
in the chart i posted...is the swing low for the first impulsive move down a good 2nd point in the 123 pattern or would that not be a good entry once that level is broken...
No man is free who is not a master of himself. -P.M.-
  • #71
  • Jan 9, 2011 5:47pm Jan 9, 2011 5:47pm
the cad on the 4 or 3 hour we see a set up
the 3 hour looks a little better

Attached Image (click to enlarge)
Click to Enlarge Name: cad1 4 hour.gif Size: 41 KB


a. 1st break (yellow line) already takenout
b. 2nd break (green line) about to take out
c. red line stop lose
d. purple line 3 year support!!! very strong!!!
  • #72
  • Jan 9, 2011 5:48pm Jan 9, 2011 5:48pm
Quoting pmullin86
Hey teb...I've been studying these charts all weekend and trying to identify the retrace break break and ride the trend methodology and I just want to make sure that I have this right...So can you please give me some feedback on this...Thanks

looks good
where would you have got out?
I see 2 good places
  • #73
  • Jan 9, 2011 5:56pm Jan 9, 2011 5:56pm
Quoting TEB63
the cad on the 4 or 3 hour we see a set up
the 3 hour looks a little better

Attachment

a. 1st break (yellow line) already takenout
b. 2nd break (green line) about to take out
c. red line stop lose
d. purple line 3 year support!!! very strong!!!


we have a 1 2 3 break on this chart too, as the 1st break!!
  • #74
  • Jan 9, 2011 6:02pm Jan 9, 2011 6:02pm
I see I could exit at the 200 fib target level but I'm not sure about that second exit option...I see that once the trade runs I may be able to move my stop with each lower swing high and if I took two lots I could exit at the 200 fib target which was reached and than let the market take out that second free running trade as I continue to move the stop down or would that be inaccurate...
Attached Image (click to enlarge)
Click to Enlarge Name: possible 123 entry.gif Size: 46 KB
No man is free who is not a master of himself. -P.M.-
  • #75
  • Jan 9, 2011 6:25pm Jan 9, 2011 6:25pm
Alright that makes sense for some reason I thought the price could go over the 30 as long as the other two ma"s are trending as that would usually be a retracement move as in this case that break formed a 123 pattern with a break of trend line and of support

Thanks very much...and also is it ok to take a trade into a strong support like the one on the usd cad just for future reference...
No man is free who is not a master of himself. -P.M.-
  • #76
  • Jan 9, 2011 6:43pm Jan 9, 2011 6:43pm
Quoting pmullin86
I see I could exit at the 200 fib target level but I'm not sure about that second exit option...I see that once the trade runs I may be able to move my stop with each lower swing high and if I took two lots I could exit at the 200 fib target which was reached and than let the market take out that second free running trade as I continue to move the stop down or would that be inaccurate...
1. break back over the 30sma
2. pattern reversal

the 200 fib is a 3rd good one !
  • #77
  • Jan 9, 2011 7:21pm Jan 9, 2011 7:21pm
not going to take the trade
but on the 15 min and the euraud (Oanda)
has a 1st break trend line
1 2 3 break forming on the 2nd break
interestingly if not forming on my MT5 but is on the oanda?

anyways timeframes is a little small for me but Sunday night is the time I would take it and I am only ok with the pair.
I will watch it likely be a good trade

I do not see anything else or anything else forming

Good night

Attached Image


cheers

TEB
  • #78
  • Jan 9, 2011 9:14pm Jan 9, 2011 9:14pm
oanda 30min eurusd

break back under the 30sma and is dancing on a trend line
may get a trade tonight again not showing on my mt5
so I have no charts to show.
  • #79
  • Jan 9, 2011 9:56pm Jan 9, 2011 9:56pm
eur/usd
1st break trend line
  • #80
  • Jan 9, 2011 10:32pm Jan 9, 2011 10:32pm
Eur/Usd

1.2897 will complete a 1 2 3 break on a 2nd break

cheers
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