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Attachments: TEB: 20 RSI and 5 & 12 EMAs
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TEB: 20 RSI and 5 & 12 EMAs

  • #181
  • Apr 8, 2014 1:59am Apr 8, 2014 1:59am
Never exited my au bull entry. here it comes again. Been a long time follower of Tebs. Excellent system but definitly needs a tweek.
  • #182
  • Apr 8, 2014 2:07am Apr 8, 2014 2:07am
Entered Sell on EUR/AUD on London opening and still holding USD/CAD from yesterday,missed AUSSIE as i was sleep!

Regards!
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  • #183
  • Apr 8, 2014 4:09am Apr 8, 2014 4:09am
Hello Teb,

Thank you for your efforts. According to your minimal and clean charts you use, What about using RSI indi in mtf, so we can use only one chart for pair H1 of M15 instead of 3 charts (H1, 4H, and D1) for each pair?

Post: http://codebase.mql4.com/8938

Video:
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It must come from a need!
  • #184
  • Apr 8, 2014 5:16am Apr 8, 2014 5:16am
Quoting Zokynho
Entered Sell on EUR/AUD on London opening and still holding USD/CAD from yesterday,missed AUSSIE as i was sleep! Regards! {image} {image} {image}
looks good
  • #185
  • Apr 8, 2014 5:21am Apr 8, 2014 5:21am
Quoting maadz
Hello Teb, Thank you for your efforts. According to your minimal and clean charts you use, What about using RSI indi in mtf, so we can use only one chart for pair H1 of M15 instead of 3 charts (H1, 4H, and D1) for each pair? Post: http://codebase.mql4.com/8938 Video: http://www.youtube.com/watch?v=CqGZT-TXCnw {file} {image}
thanks for all your hard work on this!
I do not do MT4
This might be good as a screening things.

I think there is great value in seeing all the charts.
After a wail you can look at say a day chart.

and you can see that price is below the "45 level"
but its snaking up and down and so the trade maybe just ok
etc
  • #186
  • Apr 8, 2014 5:25am Apr 8, 2014 5:25am
Tuesday morning
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  • #187
  • Apr 8, 2014 7:00am Apr 8, 2014 7:00am
Quoting FXAction
Never exited my au bull entry. here it comes again. Been a long time follower of Tebs. Excellent system but definitly needs a tweek.
Hi FXA

thanks- personalize it for yourself, this is a great starter system.
It has all the needed parts.
Its a great mid-time frame system.
Really I have given the bones - each person has to put the flesh on it
  • #188
  • Apr 8, 2014 8:59am Apr 8, 2014 8:59am
Thanks great Tebs. You have transformed me into a profitable trader especially with my own tweeks. I remain grateful.
  • #189
  • Apr 8, 2014 10:29am Apr 8, 2014 10:29am
Imo i think this system is fantastic, but i think it could be further improved by having some exit rules. I understand Tebs has mention that he does it by having a good R:R and also based on some resistance levels, but i believe R:R are not set in stone and we cant always expect to win a 100 pips just because we are risking 50 pips.
Rather that putting it that way, why not have some method/indicator to measure when the trend is going to stop for a while and perhaps doing a pullback so we can take some profits too just incase the trend reverse.

Or maybe someone already has might wanna share with us =)

Just my 2 cents worth opinion
  • #190
  • Apr 8, 2014 1:40pm Apr 8, 2014 1:40pm
Anyone catch the AU? I was waiting for setup then fell asleep haha
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  • #191
  • Edited 4:27pm Apr 8, 2014 1:59pm | Edited 4:27pm
Quoting HelpMe
Imo i think this system is fantastic, but i think it could be further improved by having some exit rules. I understand Tebs has mention that he does it by having a good R:R and also based on some resistance levels, but i believe R:R are not set in stone and we cant always expect to win a 100 pips just because we are risking 50 pips. Rather that putting it that way, why not have some method/indicator to measure when the trend is going to stop for a while and perhaps doing a pullback so we can take some profits too just incase the trend reverse. Or...

For sure find the exit rules that work for you!

But I never said nor would I never say I have to look for a 100 pips target for 50 pips stop to trade
(1st in a trend system that RRR will likely lose over time - because of spread and slippage.. and Stop running)
Rather I see what is the stop to entry - then what is the entry to target and will that give me a good RRR
I would not force the trade - if its not there I would not take the trade
that is why I say its easy to find good entries its hard to find good trades

also I personally do not really work with resistance or support levels
  • #192
  • Apr 8, 2014 8:44pm Apr 8, 2014 8:44pm
slow day nothing new really today
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  • #193
  • Apr 8, 2014 11:58pm Apr 8, 2014 11:58pm
Hi TEB. I have a question: after all the conditions about RSI are lined up (for 1h, 4h and day charts), we see the cross between 5&12 MAs...how big should be the candle immediately after the cross, in order to act?
Thanks!
And another one kind of personal...if you can answer ok, if not we understand. Do you trade for living or you have also another daily job ?
Thanks!
  • #194
  • Apr 9, 2014 3:12pm Apr 9, 2014 3:12pm
Slow week
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  • #195
  • Apr 9, 2014 5:17pm Apr 9, 2014 5:17pm
Teb - Like you I also use Oanda but I don't like the time of the daily rollover, midnight (ET, 11pm CT). I'm an early to bed, early to rise type so I want to trade the 7am 4H - D - W scenario. Question: should I use the 1H or still the 15M to double check an entry if I missed the opening at 7am. I don't think this is likely but still good to know.
I tried staying up for 11pm daily trades but the next day isn't good for me and I had many losses when I was asleep but London was wide awake and in full throttle. I would appreciate your comments and certainly respect and appreciate the time you have spent with this thread. piprac
  • #196
  • Apr 9, 2014 6:54pm Apr 9, 2014 6:54pm
Quoting piprac
Teb - Like you I also use Oanda but I don't like the time of the daily rollover, midnight (ET, 11pm CT). I'm an early to bed, early to rise type so I want to trade the 7am 4H - D - W scenario. Question: should I use the 1H or still the 15M to double check an entry if I missed the opening at 7am. I don't think this is likely but still good to know. I tried staying up for 11pm daily trades but the next day isn't good for me and I had many losses when I was asleep but London was wide awake and in full throttle. I would appreciate your comments and...
? - I am not sure you understand the system
day roll over doesn't matter
  • #197
  • Apr 9, 2014 7:04pm Apr 9, 2014 7:04pm
I understand that trading the 1H can be done anyti8me; I was thinking, and I wasn't clear, that I wanted to use your strategy on
D-W-M but I'm unwilling to hang around until 11pm for the new day, the Daily, so I am thinking of the new 4H at my 7am. I will give it a try tomorrow, I want to reduce monitor time and I can't seem to do that trading the one hour. Hope this clarifies.quote=TEB63;7395261]{quote} ? - I am not sure you understand the system day roll over doesn't matter[/quote]
  • #198
  • Apr 9, 2014 7:25pm Apr 9, 2014 7:25pm
audusd
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  • #199
  • Apr 9, 2014 7:28pm Apr 9, 2014 7:28pm
Quoting piprac
I understand that trading the 1H can be done anyti8me; I was thinking, and I wasn't clear, that I wanted to use your strategy on D-W-M but I'm unwilling to hang around until 11pm for the new day, the Daily, so I am thinking of the new 4H at my 7am. I will give it a try tomorrow, I want to reduce monitor time and I can't seem to do that trading the one hour. Hope this clarifies.quote=TEB63;7395261]{quote} ? - I am not sure you understand the system day roll over doesn't matter
[/quote]


I see now

ok you can place limit orders
or you can get an entry signal to trade on the 4 hour chart and still be on the day chart
or most times price will come back to or even better price then the standard opening
so get in a retracement lower then the opening better RRR
  • #200
  • Apr 10, 2014 3:07am Apr 10, 2014 3:07am
Quoting TEB63
audusd {image}
I'm in ..
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It must come from a need!
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