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TEB63 weekly-daily-4 hour

  • #21
  • May 31, 2012 5:42am May 31, 2012 5:42am
Quoting raylin
Hi teb
checked out your thread yesterday and saw the trade on aud/usd
The entry was spot on at the latest resistance level
I have 2 questions
How do you determine your take profit level (I tried to figure out on the charts) using fib levels also areas of support but could only find support at 0.9680 area where as your take profit is at 0.9610
What % profit do you make in a month I see with the trades you have taken you are probably running at 10% to 15% since you started this thread and that only 4 days old
Great thread Tebs keep it up

I used a 3 to 1 RRR from the Stop loss
which was above the last swing high
I looked to the day chart and week
to see if there was a realistic target ie, S/R
and I put the target inside the closest Round number before that S/R

  • #22
  • May 31, 2012 8:37am May 31, 2012 8:37am
Eurgbp up 12 pips closed out

This pair is not going anywhere
and with NFP tomorrow I will take 12 pips
and take chance off the table

TEB
  • #23
  • May 31, 2012 9:03am May 31, 2012 9:03am
Trades close out
192 eurjpy
12 eurgpb
total pips for the week 204

Trades on
audusd up 80 pips
Trade is a safe trade
BE+2 Stop lose
  • #24
  • May 31, 2012 6:55pm May 31, 2012 6:55pm
Trades On
audusd up 81 pips
Stop Loss at BE+2

because its non farm payroll tomorrow I am not looking for trades .

Here is my TEB Strenght metre
I use it to see the market
ie. risk on or risk off
or like today its europe that having problems

and I use it to see the strenght of currancies
so if I have a few pairs I can trade
I see their strenght

I do not use it to trade

Attached Image (click to enlarge)
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  • #25
  • May 31, 2012 7:09pm May 31, 2012 7:09pm
so anyone else trading this system?
is anyone finding it helpful?
  • #26
  • May 31, 2012 7:10pm May 31, 2012 7:10pm
Quoting oo7_ts
Thought you had quit FF, glad to see you back and I will be following this thread with interest.

One question though, is this something you are just starting to test or have you traded this for a while?

oo7_ts

How did this system preform prior to the month of May?
  • #27
  • May 31, 2012 8:00pm May 31, 2012 8:00pm
Quoting fxcatty
How did this system preform prior to the month of May?

762 pips for the month of May
(I took one week this month off family vacation)

I have one trade open and BE+2 stop loss on it
Its at 98 pips at this time

my goal is 200 pips a week.
I take 1 to 5 trades a week
  • #28
  • May 31, 2012 9:49pm May 31, 2012 9:49pm
so anyone else trading this system?
is anyone finding it helpful?

Yes I am monitoring at the moment but will take the plunge this month Ideal for me as I dont like to be glued to the PC
  • #29
  • Jun 1, 2012 1:22am Jun 1, 2012 1:22am
waiting for your next signal.
  • #30
  • Jun 1, 2012 1:56am Jun 1, 2012 1:56am
Hi TEB, seems like a good simple system. I'd like to know the strike rate of such a simple system, i.e. Win/Loss ratio or percentage of winning trades if you like. I use something similar but I use multiple SMAs - 100, 50, 25 on 2 or 3 TF. I think I often go down to hourly charts and it gets me confused.
  • #31
  • Jun 1, 2012 5:58am Jun 1, 2012 5:58am
One Trade On
audusd up 152 pips
move SL to 0.9775 so BE+19 (last swing higher +3)

Attached Image (click to enlarge)
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  • #32
  • Jun 1, 2012 6:45am Jun 1, 2012 6:45am
Quoting Macdon
Hi TEB, seems like a good simple system. I'd like to know the strike rate of such a simple system, i.e. Win/Loss ratio or percentage of winning trades if you like. I use something similar but I use multiple SMAs - 100, 50, 25 on 2 or 3 TF. I think I often go down to hourly charts and it gets me confused.
what do you see as a good win/loss ratio?
I see a Risk Reward Ratio (RRR) as the main point ?
I am doing 3 to 1.

this is likely the biggest truth in trading
ie.
RRR /// % winners to make money
1to1///60%
2to1///50%
3to1///33%
4to1///25%

I do 3 to 1 RRR mostly so if I am doing 66 to 70% I am making money
  • #33
  • Jun 1, 2012 7:28am Jun 1, 2012 7:28am
close audusd 152 pips

before nfp
  • #34
  • Jun 1, 2012 8:29am Jun 1, 2012 8:29am
Trades close out
192 eurjpy up
12 eurgpb up
152 audusd up
total pips for the week 356

very good week!!

Trades for the week
4 limit orders
3 limits got hit
2 winners
1 BE (closed out for a small win)
no losers

Not a normal week
Out of 4 trades normally at least one loser
  • #35
  • Jun 1, 2012 12:50pm Jun 1, 2012 12:50pm
Guys, I had $100 in my fxdd a/c last friday. I deposited another $1000/- only. Right now it is balance $1709.87 ,My wkly profits are $563.56, Not Bad! LOl What do you think guys?
Bomi
Houston, Tx
  • #36
  • Jun 1, 2012 2:34pm Jun 1, 2012 2:34pm
my weekly profit
Guys, I had $100 in my fxdd a/c last friday. I deposited another $1000/- only. Right now it is balance $1709.87 ,My wkly profits are $563.56, Not Bad! LOl What do you think guys?
Bomi
Houston, Tx

Thats good but teb63 risks 2% of his total bank.Rough calculation is that your risking at least 5% to 8% on every trade
  • #37
  • Jun 1, 2012 3:16pm Jun 1, 2012 3:16pm
Nice system Bro I will watch this
Much Luv
If you don't control your emotion it will control you.
  • #38
  • Jun 1, 2012 6:33pm Jun 1, 2012 6:33pm
Quoting behman8850
Guys, I had $100 in my fxdd a/c last friday. I deposited another $1000/- only. Right now it is balance $1709.87 ,My wkly profits are $563.56, Not Bad! LOl What do you think guys?
Bomi
Houston, Tx

This system has losers and a number of loser in a row!
It’s a very good system it’s not perfect.
Slow and constant wins the race.
You do not want 3 or 4 loser in a row to kill you.

Because the stops and targets are large you have to have small amounts on each trade.
Otherwise you are gambling,
that is why I like 2 % maybe a smaller account maybe 3%
that is all I would put on
I like to sleep at night

  • #39
  • Jun 1, 2012 7:20pm Jun 1, 2012 7:20pm
Quoting TEB63
This system has losers and a number of loser in a row!
It’s a very good system it’s not perfect.
Slow and constant wins the race.
You do not want 3 or 4 loser in a row to kill you.

Because the stops and targets are large you have to have small amounts on each trade.
Otherwise you are gambling,
that...
What do you think my trades are? I do 0.05 all the time, i know my limit!! Been doing this since 1998!!
  • #40
  • Jun 1, 2012 7:45pm Jun 1, 2012 7:45pm
Quoting TEB63
so anyone else trading this system?
is anyone finding it helpful?
I am. Great results. 3:1 60% W/L - no brainer. I am wired to shorter timeframes, but I have to put a bit on and try and diversify my approach. Thanks for sharing.
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