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

  • #241
  • Apr 14, 2014 7:19pm Apr 14, 2014 7:19pm
Quoting TEB63
the hour has to be in trade but the trade was/is missed so we want a good entry so we drop down to the 15 min but we are still trading on the hour also the stop loss from the hour would be very big which in this case might have been ok because we have a very generous bigger target on the day chart I took a smaller/ safer target off the hour
Hi TEB63. You trade the 1HR and drop down to the 15MIN. What timeframes would you recommend dropping down to if you were to trade on DAILY or 4HR timeframes?

I would assume 4HR for the DAILY and 1HR for the 4HR, but then do you recommend still dropping down further into lower timeframes?

Thanks.
  • #242
  • Apr 14, 2014 7:36pm Apr 14, 2014 7:36pm
Quoting Macdon
{quote} Hi TEB63. You trade the 1HR and drop down to the 15MIN. What timeframes would you recommend dropping down to if you were to trade on DAILY or 4HR timeframes? I would assume 4HR for the DAILY and 1HR for the 4HR, but then do you recommend still dropping down further into lower timeframes? Thanks.
I would never trade this on anything less then 60 mins - the 15 min is still an hour trade.

as to day and 4 hour charts I would concur
  • #243
  • Apr 15, 2014 3:46am Apr 15, 2014 3:46am
Today i see some pairs (as AUD/CAD) that have retracement, RSI's on upper side and everything where it should be to enter a trade.

However, a question appears to me. How do we manage this system in relation to S&D Zones and RNs? Because I see a possible long trade but near a supply zone and i also see a long that just crossed a RN...

Or does this system NOT take into account this SD & RN?
  • #244
  • Apr 15, 2014 4:39am Apr 15, 2014 4:39am
Hello TEB63!

When you see entry on 1h(retrace and EMAs crossing back in wanted direction shown by H4 and Daily TFs), do you enter immediately after EMAs cross and candel close or after that you wait for another retrace and then enter the trade?
Of course, RRR must be good...

Thanks in advance!
  • #245
  • Apr 15, 2014 5:08am Apr 15, 2014 5:08am
Quoting FX MiG
Hello TEB63! When you see entry on 1h(retrace and EMAs crossing back in wanted direction shown by H4 and Daily TFs), do you enter immediately after EMAs cross and candel close or after that you wait for another retrace and then enter the trade? Of course, RRR must be good... Thanks in advance!
I will take either trade - the 1st time or the retest
  • #246
  • Apr 15, 2014 5:10am Apr 15, 2014 5:10am
Quoting ralf86
Today i see some pairs (as AUD/CAD) that have retracement, RSI's on upper side and everything where it should be to enter a trade. However, a question appears to me. How do we manage this system in relation to S&D Zones and RNs? Because I see a possible long trade but near a supply zone and i also see a long that just crossed a RN... Or does this system NOT take into account this SD & RN?

only trade if you see a good target that will give you a good RRR
if you have a Stopping SDZ look at your stop
the stop have to make since to the Target
RN are secondary to SDZ
  • #247
  • Apr 15, 2014 5:36am Apr 15, 2014 5:36am
Ok. So i better dont take the trade as i got SDZ and RN too near (no good RRR). Thanks TEB
  • #248
  • Apr 15, 2014 6:02am Apr 15, 2014 6:02am
Quoting ralf86
Ok. So i better dont take the trade as i got SDZ and RN too near (no good RRR). Thanks TEB

yes but it matters what chart your target is coming from
ie. your target is from the day chart
and you have stopping SDZ on the hour
if your stop loss is beyond where price is likely to go back to on the hour
you might take the trade if you can get good RRR.
  • #249
  • Apr 15, 2014 6:13am Apr 15, 2014 6:13am
Understood. Thanks for this info TEB
  • #250
  • Apr 15, 2014 7:09am Apr 15, 2014 7:09am
people keep asking me can you trade this on short time frames
I use to
As there is no trades today
I pulled some smaller time frame trades
4 hour 1 hour 10 mins
I will not count these as my weekly trades and am trading pennies!!!
but for fun lets look

I have a LO on the GbpCad as well
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ten min 1.PNG Size: 105 KB
Click to Enlarge Name: ten min 2.PNG Size: 127 KB
  • #251
  • Apr 15, 2014 9:03am Apr 15, 2014 9:03am
Quoting TEB63
people keep asking me can you trade this on short time frames I use to As there is no trades today I pulled some smaller time frame trades 4 hour 1 hour 10 mins I will not count these as my weekly trades and am trading pennies!!! but for fun lets look I have a LO on the GbpCad as well {image} {image}
Have you traded that frames combination also long time? I mean when there was no the standart frame combination...

I also did not find trade setups today...
  • #252
  • Apr 15, 2014 12:45pm Apr 15, 2014 12:45pm
Quoting TEB63
people keep asking me can you trade this on short time frames I use to As there is no trades today I pulled some smaller time frame trades 4 hour 1 hour 10 mins I will not count these as my weekly trades and am trading pennies!!! but for fun lets look I have a LO on the GbpCad as well {image} {image}

I have taken 5 trades today with the 4 hour 1 hour 10 min
3 loses of 23 pips 35 pips and 54 pips
2 more trades with loses of 3 and 10 pips

I am down $7.11 and other loses of $1.71 unrealised loses
I think I will be down $10 before this is all over lol

and hour is the smallest I have found you can trade this system
will let you know my final loses are
  • #253
  • Apr 15, 2014 1:10pm Apr 15, 2014 1:10pm
Hi. This may have been covered off in one of the posts already for this strategy
Do you have any backtest results ? The system seems good on the face of it and relatively easy to test but not sure if its been tested?
  • #254
  • Edited 4:24pm Apr 15, 2014 1:20pm | Edited 4:24pm
Quoting vnathwani
Hi. This may have been covered off in one of the posts already for this strategy Do you have any backtest results ? The system seems good on the face of it and relatively easy to test but not sure if its been tested?
I have years before and so have others
please do it our self and post results

lost all 5 trades lost $12.14
  • #255
  • Apr 15, 2014 9:11pm Apr 15, 2014 9:11pm
nothing at all - looks like the market is turning ,
hope for a trade tomorrow
  • #256
  • Apr 16, 2014 4:48am Apr 16, 2014 4:48am
UPDATE!

USD/JPY SL hit -33 X 2

AUD/USD SL hit -28 X 2

EUR/AUD currently -45,trade was +111 pips in one moment

Looks like market is turning!

I like this system but think something is missing,and that the potential turning spot on the market which can get us some bad trades as trend exhausting (no one know when or where)! Think that this system is best to implement in 1st (money wave) on 1h chart and eventually first 2 trades on 15 min chart if you missed 1h entry.

In that case you can have 1:3 RRR(even more) but in later stages and entries these % of good RRR decreasing so the exit need some tweeks in my opinion or you will have more losses!

So my conclusion is patiente and only first 1-2 opportunity when new day and 4h trend (RSI comes over 55 or under 45) and we will have very high probability trades!

Regards!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpyh1.png Size: 32 KB
Click to Enlarge Name: audusdh1.png Size: 34 KB
  • #257
  • Apr 16, 2014 5:44am Apr 16, 2014 5:44am
Quoting Zokynho
UPDATE! USD/JPY SL hit -33 X 2 AUD/USD SL hit -28 X 2 EUR/AUD currently -45,trade was +111 pips in one moment Looks like market is turning! I like this system but think something is missing,and that the potential turning spot on the market which can get us some bad trades as trend exhausting (no one know when or where)! Think that this system is best to implement in 1st (money wave) on 1h chart and eventually first 2 trades on 15 min chart if you missed 1h entry. In that case you can have 1:3 RRR(even more) but in later stages and entries these...

when did you enter these trades?
  • #258
  • Apr 16, 2014 5:48am Apr 16, 2014 5:48am
Quoting Zokynho
UPDATE! USD/JPY SL hit -33 X 2 AUD/USD SL hit -28 X 2 EUR/AUD currently -45,trade was +111 pips in one moment Looks like market is turning! I like this system but think something is missing,and that the potential turning spot on the market which can get us some bad trades as trend exhausting (no one know when or where)! Think that this system is best to implement in 1st (money wave) on 1h chart and eventually first 2 trades on 15 min chart if you missed 1h entry. In that case you can have 1:3 RRR(even more) but in later stages and entries these...

send me your target on the euraud

If you up more then a 100 pips - maybe move to BE trade
Wow to see a 150 pip reversal is a lot
  • #259
  • Apr 16, 2014 5:59am Apr 16, 2014 5:59am
Quoting TEB63
{quote} when did you enter these trades?
Here are pictures of aussie!

Regards!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusdh4.png Size: 34 KB
Click to Enlarge Name: audusdh1.png Size: 37 KB
  • #260
  • Apr 16, 2014 6:03am Apr 16, 2014 6:03am
Quoting TEB63
{quote} send me your target on the euraud If you up more then a 100 pips - maybe move to BE trade Wow to see a 150 pip reversal is a lot
......and USD/JPY.....

missed entry so reentered at same price 9 pips earlier then retrace on 15 min chart!

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpydaily.png Size: 39 KB
Click to Enlarge Name: usdjpyh4.png Size: 37 KB
Click to Enlarge Name: usdjpyh1.png Size: 32 KB
Click to Enlarge Name: usdjpym15.png Size: 40 KB
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