TEB：回撤波冲浪系统 (TEB: Retracement Wave Surfer System)

In the the last two months I have been trading mainly a new system.
trading plan can be seen as:
Trend -Retracement- Break/Break- ride the wave- reasoned exit.

It comes from a wanting to have a simpler system.
This I defined as
1. Few tools
2. 1 chart (TREND>TRADE>TRIGGER all on one chart)
3. Multi-time frame trading.
4. Clear rules and plans.
4. Big runs... small loses.
5. A set and forget system.
* where I can see the trades coming a mile away
* and not have to stay at a computer all day.
6. Set and forget system
7. Trading safer ie.Trend/Retracements/Break/Break

1. Tools:
*3 Sma 120,60 and the 30
*candles and patterns
*Trend lines and S/R
(you may see fibbs esp the 50%)

2. Charts:
* 80% of the time I am on the 30 min Charts:
* I use 15 or 5 min charts to get better entries, but rarely for set ups.
* I do watch the 1 hour, 3 hour and day charts.
but over 80% of my trades I have done, I have done on the 30min chart
The system is set up for this Time frame.
I am looking for 1 or 2 trades a day .. I normally find them.

3. Multi-time frame trading:
The 3 Sma 120,60 & 30 will show us what is going on,
on the 2 hour and 1 hour and 30 min. charts. So its MTF TRADING!

We use the 120 Sma (RED) & 60 Sma (GREEN) to give us the over all trend.
1. Same direction 2. Stacked 3. Growing in Separation
We do use the 30 Sma (YELLOW) with the trend, but its main use is for pip room.

4. Clear rules and plans:
I have a trading plan of about 12 pages, as I trade I will share it.
Most of the same stuff I shared in my last thread.

5. Big runs:
One of the changes I am doing in this thread is looking more for the big runs. At least a 3:1 profit Ratio
EXITS: a. Reverse pattern b. Break onto the other side of the 30Sma c. R/S (d. Fibb)

6. Set and forget rules:
Again, I will share the rules as I take trades

7. Trading safer:
ie. Trend, Retracements, Break/Break etc.

ENTRY:
1st. Break a. Trend line break (could be channel or triangles) b.1 2 3 break c. "W" & "W" d. Over bought/ Over sold e. 50% Fib
2nd. Break ENTRY Candle formations a. 1 2 3 break b. inside candle c. outside candle d. 3 candle reversal e. Pin Candle.
EXITS:
Only with a reason: a. Reverse pattern b. Break back to the other side of the 30Sma c. R/S ( d.Fibb)
STOP LOSS:
a. Last big swing. b. Move Stop loss with the price action swing as protection.

I WOULD ASK THE FOLLOWING
A. PLEASE READ THE THREAD BEFORE ASKING QUESTIONS.
B. PLEASE DO NOT AD THINGS TO THE TREAD.
new Ideas on the system are always welcome
It is my system and I want to share it, it works well as it is.
C. I DO NOT USE COMPUETER PROGRAMS TO TRADE. PLEASE TO DO TALK ABOUT ONE IN THE THREAD
D. PLEASE REMAIN POSITIVE ALWAYS WITH EVERYONE ALWAYS.

I trade URUSD USDCHF GBPUSD USDJPY USDCAD AUDUSD
NZDUSD EURGBP EURCHF GBPCHF EURAUD EURJPY GBPJPY AUDJPY & GOLD SILVER

esp. the 6 ones in purple.

The 6 I like to trade the most


Here is a trade I took and it is stll running.
Its a trend line break (yellow line) with trend and lots of pip room
1. Green Sma under Red Sma both going in the same direction and growing a part and down.
2. Price goes over the yellow 30 Sma and back under
3. We see the 2nd break, ligh blue line (1 2 3 break) this is the entry,
4. The Red lines are the stop losses. The 1st one was the entry, the lower one is the one I still have on.
5. I will only exit with reason ie. a reverse pattern or price goes back under the yellow 30Sma. etc.

Well that is all for now.

cheers

TEB