TEB trend lines (TEBTrend lines) | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
I'm going to take a break this week and next
But as I have been studying for the past few weeks I am convinced that Trend Lines (TL) are the best way to trade.
I came to Jacko's site, which is a configuration I don't want to take over his site.
So I'm going to start a new one.
I started doing this before I read his stuff but I might use some of his stuff so I want to give him the credit, it's something he did for himself.
On my chart you will see two MAs
20SMA blue thin type & 200EMA red thick type
20MA is the point of order
200MA View trends on weekly, daily, 4-hour, hourly charts
You will see the red fiber lines are only 0% - 50% - 100% I deleted the other ones I may make them into hourly chart If I take the second one from 4 hours or day they will be blue
Japan-China Big Black Line TL
The thin black line is the 4-hour channel line
The blue line is the hourly line or the 30-minute line TL.
I will only look at the 3 big pairs EUR/USD - USD/JPY - EUR/JPY because they are clearly the best trends
I will use hour TL in and out it takes 3 touches to form a line
50% Fibs and high and low swings (0 and 100% Fibs) form S/R
We'll make it up as we go.
I currently only do this on Demo I am still live trading TEB2
The chart below shows EUR/USD island days in sequence,
2. 4 hours,
3. 1 hour
rarely added
1. I will only trade on the 4-hour channel
2. I will use candles, candle patterns - especially big tails.
3. I would probably play USD/CAD and AUD/USD - but I would stay away from the GPB cross
4. As the hourly trend changes our way I will add more lines as I see 3 points
TEB
But as I have been studying for the past few weeks I am convinced that Trend Lines (TL) are the best way to trade.
I came to Jacko's site, which is a configuration I don't want to take over his site.
So I'm going to start a new one.
I started doing this before I read his stuff but I might use some of his stuff so I want to give him the credit, it's something he did for himself.
On my chart you will see two MAs
20SMA blue thin type & 200EMA red thick type
20MA is the point of order
200MA View trends on weekly, daily, 4-hour, hourly charts
You will see the red fiber lines are only 0% - 50% - 100% I deleted the other ones I may make them into hourly chart If I take the second one from 4 hours or day they will be blue
Japan-China Big Black Line TL
The thin black line is the 4-hour channel line
The blue line is the hourly line or the 30-minute line TL.
I will only look at the 3 big pairs EUR/USD - USD/JPY - EUR/JPY because they are clearly the best trends
I will use hour TL in and out it takes 3 touches to form a line
50% Fibs and high and low swings (0 and 100% Fibs) form S/R
We'll make it up as we go.
I currently only do this on Demo I am still live trading TEB2
The chart below shows EUR/USD island days in sequence,
2. 4 hours,
3. 1 hour
rarely added
1. I will only trade on the 4-hour channel
2. I will use candles, candle patterns - especially big tails.
3. I would probably play USD/CAD and AUD/USD - but I would stay away from the GPB cross
4. As the hourly trend changes our way I will add more lines as I see 3 points
TEB
























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