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

  • #1,681
  • Jun 18, 2013 1:58pm Jun 18, 2013 1:58pm
you will make more on the 4 hour charts and swing trades are is better
3 TP yesterday for wins I close 3 more for wins to enter trades I thought had more up.
if you want to do this system do it on the day and 4 hour.
less trades more winners lest time in front of a screen

anyways

TEB
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  • #1,682
  • Jun 18, 2013 5:18pm Jun 18, 2013 5:18pm
Are we talking about a different system on the 4 HR? If so can I ask the rules?
  • #1,683
  • Jun 18, 2013 7:47pm Jun 18, 2013 7:47pm
Quoting puppypippy
Are we talking about a different system on the 4 HR? If so can I ask the rules?
why same system - keep with the same system for at least 3 months - master it, if you like this one stay with it
I am just saying the higher time chart is easier
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  • #1,684
  • Jun 18, 2013 8:17pm Jun 18, 2013 8:17pm
OK I will stick with this system TEB as I like it.

As far as pull back candle stick formations, I have done some back testing and found a pin bar or doji followed by a lower low (see attached pic) is often a good place to get in. Do you have any other reliable candle stick formations you use to enter on after a pullback?
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  • #1,685
  • Jun 19, 2013 5:21am Jun 19, 2013 5:21am
.... As far as pull back candle stick formations, I have done some back testing and found a pin bar or doji followed by a lower low (see attached pic) is often a good place to get in. Do you have any other reliable candle stick formations you use to enter on after a pullback? {image}[/quote]

these are the only 4 I use
- 90% of the time the 1nd 2 candles
- I have stops in red entries in green
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  • #1,686
  • Edited 5:53am Jun 19, 2013 5:42am | Edited 5:53am
Guys been fun

we have big statements with the CAD, GBP and the USD
esp. the USD will move the market big time
we have no way to know what will happen so I will take the day off!

I normally set and forget but with the FOMC statement
it effects the market
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  • #1,687
  • Jun 19, 2013 6:06am Jun 19, 2013 6:06am
Thanks for all your help TEB enjoy your time off
  • #1,688
  • Jun 19, 2013 6:33am Jun 19, 2013 6:33am
Hmmmm where do you get your news from? I got stuck in a trade that was going nowhere as my news source did not state any significant news? This is what I use http://www.investing.com/economic-calendar/
  • #1,689
  • Jun 19, 2013 7:51am Jun 19, 2013 7:51am
Quoting puppypippy
OK I will stick with this system TEB as I like it. As far as pull back candle stick formations, I have done some back testing and found a pin bar or doji followed by a lower low (see attached pic) is often a good place to get in. Do you have any other reliable candle stick formations you use to enter on after a pullback? {image}
hey Teb

Good to see you posting again.
I have always been a big fan of your threads and posts.

Good stuff

Thanks!

PGPB
  • #1,690
  • Jun 19, 2013 4:21pm Jun 19, 2013 4:21pm
Quoting puppypippy
Hmmmm where do you get your news from? I got stuck in a trade that was going nowhere as my news source did not state any significant news? This is what I use http://www.investing.com/economic-calendar/
well the chart you had for news was fine it had everything on it
- but what are you looking for?

My 1st question to you is, what are you looking to trade - price or the market?
Price moves all the time for little reason- its a hard way to trade and this is where most people lose money
market has a place to go its the real thing - easier to trade.

Most news effects price -very few things effect the real market.

The best news charts I know of is here on FF
Go to the pink area in the attachment
Find the filter
Check only -the red and white boxes - if you want to trade only the market ( 4 hours and up)
Only this stuff will move the market and not just price.

cheers

teb
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  • #1,691
  • Jun 19, 2013 7:03pm Jun 19, 2013 7:03pm
Teb, thanks for the ideas. What are you typical stop losses you use trading from the H4? And how many pairs do you monitor?
Small disciplines repeated with consistency lead to great achievements.
  • #1,692
  • Jun 19, 2013 8:04pm Jun 19, 2013 8:04pm
Quoting jmflukeiii
Teb, thanks for the ideas. What are you typical stop losses you use trading from the H4? And how many pairs do you monitor?

no problem hope it is helpful
4 hour Stop - well that depends what the market gives you ...
general you put a stop where price should not go for your system to be right

pairs I watch
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  • #1,693
  • Edited 8:59pm Jun 19, 2013 8:47pm | Edited 8:59pm
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  • #1,694
  • Jun 19, 2013 9:14pm Jun 19, 2013 9:14pm
Quoting TEB63
1217493 {image}
Hi TEB, I always enjoyed this thread while it was running. May I have a copy of your nice looking RSI indi.
Thanks Regards Pat,
U won't really understand GRACE untill you fully realise you've been GRACED
  • #1,695
  • Jun 19, 2013 9:25pm Jun 19, 2013 9:25pm
Quoting pathenry
{quote} Hi TEB, I always enjoyed this thread while it was running. May I have a copy of your nice looking RSI indi. Thanks Regards Pat,


do not have one just the charts

cheers

teb
  • #1,696
  • Jun 19, 2013 9:41pm Jun 19, 2013 9:41pm
Quoting TEB63
{quote} do not have one just the charts cheers teb
Thanks anyway. I must say that looking at this system again with fresh eyes and the longer time frames has been a breath of fresh air to me. Thankyou.
U won't really understand GRACE untill you fully realise you've been GRACED
  • #1,697
  • Jun 19, 2013 11:41pm Jun 19, 2013 11:41pm
Quoting TEB63
1217493 {image}
So TEB you got in on this trade on an engulfing bar right?
  • #1,698
  • Jun 19, 2013 11:45pm Jun 19, 2013 11:45pm
So Teb you think I will get burned doing 5M/30M ? If I was to trade the 4HR I can see how I could look at more charts. At what point in time do you start looking at the charts before the 4 hour period? How do you manage the trade? Do you still take off half at a certain price and let the other half run? If so how do you manager the other half when you are sleeping?
  • #1,699
  • Jun 20, 2013 6:19am Jun 20, 2013 6:19am
Quoting puppypippy
{quote} So TEB you got in on this trade on an engulfing bar right?
I tried to get in on a retest of the level of the OC but I got a really bad fill
  • #1,700
  • Edited 6:46am Jun 20, 2013 6:33am | Edited 6:46am
Quoting puppypippy
So Teb you think I will get burned doing 5M/30M ? If I was to trade the 4HR I can see how I could look at more charts. At what point in time do you start looking at the charts before the 4 hour period? How do you manage the trade? Do you still take off half at a certain price and let the other half run? If so how do you manager the other half when you are sleeping?
You can trade the 5m/30m, but it has to be only in the busy hours ie. 3am to noon (new York time) maybe 8pm to 10pm
Only do the main pairs ie USD or JAP, vs USD, JAP, EUR, AUD, CAD.
Make sure you have a good RRR at least 3 to 1!!!!!!!!!!!

but you will have to sit there all day on the 5 min charts.

" before the 4 hour period" - I get in 95% on a limit orders - I set it and forget it.
I normally let it run until it is all taken.
again sleeping- doesn't matter - in the limit order, I put - entry - stop - target
-and I let it run - I normally look at it one to three times a day.
I will let it run- if I get up 130 or more pips I may move the SL to B/E sometimes.
But I find the less I play with the trade the better I do

cheers
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