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TEB: 20 RSI and 5 & 12 EMAs

  • #201
  • Apr 10, 2014 3:14am Apr 10, 2014 3:14am
Hello,

I am in Aud/Jpy little bit late althought and Eur/Nzd,again missed entry on Aussie as I was sleeping

Regards!!
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Click to Enlarge Name: eurnzddaily.png Size: 45 KB
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  • #202
  • Apr 10, 2014 4:40am Apr 10, 2014 4:40am
hello folks,

Can anybody tell .. about this ujpy trade i think i missed this beautiful entry... please correct me
Attached Image (click to enlarge)
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  • #203
  • Apr 10, 2014 5:07am Apr 10, 2014 5:07am
EUR/NZD

SL hit!

-46 pips

Regards!
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdh1.png Size: 32 KB
  • #204
  • Apr 10, 2014 6:16am Apr 10, 2014 6:16am
usdjpy I missed it lets see if I can get in on a retest
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy.PNG Size: 126 KB
  • #205
  • Apr 10, 2014 6:21am Apr 10, 2014 6:21am
Quoting Zokynho
EUR/NZD SL hit! -46 pips Regards! {image}
that is normal
I am 1 win (112 pips ) and 2 losers (23 and 45 pips) as well.
It looks like I am going to pick up one more of each
so I will have 2 winner and 3 losers
but my winners are a lot more then my losers,
  • #206
  • Apr 10, 2014 6:35am Apr 10, 2014 6:35am
usdjpy got in on the retest
this is why you never have to chase trades
you can get lots if the market is moving
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy.2.PNG Size: 124 KB
  • #207
  • Apr 10, 2014 6:36am Apr 10, 2014 6:36am
Quoting TEB63
usdjpy I missed it lets see if I can get in on a retest {image}
Sir, so i was right finding entry according to your system ??

Quoting jai11
hello folks, Can anybody tell .. about this ujpy trade i think i missed this beautiful entry... please correct me {image}
  • #208
  • Apr 10, 2014 7:58am Apr 10, 2014 7:58am
Quoting TEB63
{quote} that is normal I am 1 win (112 pips ) and 2 losers (23 and 45 pips) as well. It looks like I am going to pick up one more of each so I will have 2 winner and 3 losers but my winners are a lot more then my losers,
Hy Teb,

Not sure if I understood good.

You have 112 pips wins and 2 losers (23 and 45),is that mean that you would close winner regardless that they arent currently 1:3 hit tp or this is closed trade and you would cut your currently looser with that winner.

Asking this because my eur/aud trade was +106 pips (thought to close it then but this isn't according to rules) in profit,currently is +21 and had more 2 trades opened which may be losers,and eur/aud can also end in losing positions,so not sure are you leavening trades till the end or you playing with positions?

Regards!
  • #209
  • Apr 10, 2014 8:08am Apr 10, 2014 8:08am
Quoting Zokynho
{quote} Hy Teb, Not sure if I understood good. You have 112 pips wins and 2 losers (23 and 45),is that mean that you would close winner regardless that they arent currently 1:3 hit tp or this is closed trade and you would cut your currently looser with that winner. Asking this because my eur/aud trade was +106 pips (thought to close it then but this isn't according to rules) in profit,currently is +21 and had more 2 trades opened which may be losers,and eur/aud can also end in losing positions,so not sure are you leavening trades till the end or...

no all three trades I let run - the winner was a little more then 3 to 1 in fact
  • #210
  • Apr 10, 2014 8:25am Apr 10, 2014 8:25am
Quoting TEB63
{quote} no all three trades I let run - the winner was a little more then 3 to 1 in fact
Ok Thanks!
  • #211
  • Apr 10, 2014 8:37am Apr 10, 2014 8:37am
Hi again everybody, ive been upsent these 3 days as i had to fix some stuff abroad. Ill read all the posts to keep up with your work so we can continue together

Glad to be back again.
  • #212
  • Apr 10, 2014 9:53am Apr 10, 2014 9:53am
Hi guys and great system TEB

I'm backtesting a bit, I've a doubt and don't think (and hope) wasn't asked already.

If :
- I have a good cross on 1H
- I watch 4H and RSI is above 55 so no problem
- I watch Daily and RSI is above 55 on this candle at this time, but the last Daily candle was in CHOP ZONE

Should I wait for a Daily candle to CLOSE above RSI 55 or should I take the trade immediately and take the risk of a daily close in CHOP ZONE?

I've seen we've already talked about the candle close, but it was referred to the 1H candle. What about 4H and Daily?

Thanks in advance and hope to be clear with my english
  • #213
  • Edited 12:23pm Apr 10, 2014 10:09am | Edited 12:23pm
Quoting lucariga
Hi guys and great system TEB I'm backtesting a bit, I've a doubt and don't think (and hope) wasn't asked already. If : - I have a good cross on 1H - I watch 4H and RSI is above 55 so no problem - I watch Daily and RSI is above 55 on this candle at this time, but the last Daily candle was in CHOP ZONE Should I wait for a Daily candle to CLOSE above RSI 55 or should I take the trade immediately and take the risk of a daily close in CHOP ZONE? I've seen we've already talked about the candle close, but it was referred to the 1H candle. What...

well yes and no.. (lol) this might be a bit strange
I do want the candle to be closed
on the 4 hour candle chart always
on the day chart I have a silly little rule - (because Oanda closes at mid-night)
So I call between 4 pm and 5 pm (the NY Close) as the close and not Mid night.
(but it would be safest to wait.)
so my closed candle keeps moving.
but I always want at least a 1/3 of the candle 1st candle over the 5ema.

But to be honest you do not need to be in a hurry
as there will be lots of entries - re-entries -re-tests and Limit Orders
  • #214
  • Apr 10, 2014 12:17pm Apr 10, 2014 12:17pm
Quoting TEB63
{quote} well yes and no.. (lol) this might be a bit strange I do want the candle to be closed on the 4 hour candle chart always on the day chart I have a silly little rule - (because Oanda closes at mid-night) So I call between 4 pm and 5 pm as the close and not Mid night. (but it would be safest to wait.) But to be honest you do not need to be in a hurry as there will be lots of entries - re-entries -re-tests and Limit Orders so my closed candle keeps moving. but I always want at least a 1/3 of the candle 1st candle over the 5ema.
I'd like to be on the safest.... So I'll wait for all candles to close above 55.

As you said, we don't need to be in a hurry
  • #215
  • Apr 10, 2014 2:03pm Apr 10, 2014 2:03pm
Is a 1H cross as good as a resumption of the trend after a pullback? Assuming of course that the rsi on the 4H & D. comply. p.
  • #216
  • Apr 10, 2014 2:51pm Apr 10, 2014 2:51pm
Quoting piprac
Is a 1H cross as good as a resumption of the trend after a pullback? Assuming of course that the rsi on the 4H & D. comply. p.
J

the cross is the resumption of a trend after a pullback - that is kind of the point
  • #217
  • Apr 10, 2014 2:52pm Apr 10, 2014 2:52pm
does anyone else have any other new questions?
  • #218
  • Apr 10, 2014 2:56pm Apr 10, 2014 2:56pm
Which candelstick patterns you look most?


And trade you fulltime?

Thanks:-)
Everyday better.
  • #219
  • Apr 10, 2014 2:59pm Apr 10, 2014 2:59pm
Quoting arlucad
Which candelstick patterns you look most? And trade you fulltime? Thanks:-)
I trade when I like

candle patterns mostly Momentum patterns - ie. best outside Candles- rail way - pins
  • #220
  • Apr 10, 2014 9:32pm Apr 10, 2014 9:32pm
Hi TEB, can I trade this system on day, I mean all Tokyo, London and New York session
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