This is what I got. And MACD gave the first signal up in three days. Not saying I am right though. Just my 2 cents
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Quoting yurikoDislikedThis is what I got. And MACD gave the first signal up in three days. Not saying I am right though. Just my 2 centsIgnored
Quoting fxstcDislikedI agree also.
I just took 190 pips on the short.
I believe a retrace is in order according to the trendlines.
See my projections.
Thanks Mouteki, YOU ARE THE MAN!!!!
fxstcIgnored
Quoting jumperDislikedI personally find the supply line too steep so going long now may get you trapped in a possible whipsaw consolidation period. And look at the time... I really wouldn't initiate any new trades now - no news coming up and you can consider it weekend already.Ignored
Quoting ptangbizkitDislikedIm only just learning the Mouteki style too, but what made you go after the sell??? If you draw the supply line on the graph aswell it matches up for, IMO a stronger buy signal, supported by the drop 20hrs before. (everything is clearer in hindsight i guess though) Hope I understood your question correctly and am not looking like a fool here. [just realized you are using the EA indicator so i guess you didnt really have the option to see the supply line]
Happy trading,Ignored
Quoting milan47DislikedHi Jumper,
Would you explain about the relationship between the angle of the trendline and the entries? What would be the ideal slope before entering a trade?
thank youIgnored
Quoting Horace KentDislikedHello milan47,
I refer your question to a post from jumper in the GBPCHF thread, it is number 18 in that thread. Below is the gist of the post:
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Below is a Q&A from Mouteki himself, verbatim:
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QUESTION
Hello Mouteki,
Do you have any preference as to how steep a demand/supply line should be when broken? To elaborate, if you must decide to enter on only one trade, would you choose one whose demand line is so gentle that it is almost horizontal, or one whose demand line is so steep that it is almost vertical?
ANSWER
I love it when the supply/demand line broken is close to a 45 degree angle. A supply/demand line that is at a 45 degree angle signifies it was a sustainable trend to me, and the break of such a line would indicate that sustainable trend has broke the opposite way, possibly creating a new sustainable trend. If I had to choose between a demand line so gentle its almost horizontal as to a demand line so steep its almost vertical, I would have to say the one that is almost horizontal. My reasoning, simply the problem with extremely steep lines is the breakout is most likely picking up the retracement of the fast moving trend in force. So you may get in and see it just open the direction your looking to enter and quickly stop you out. Now, in a almost horizontal trend line, that signifies a strong point of support/resistance in the market that if broken will almost always give you pips, the problem is that the price projections are some times to big due to the length of the trend line.
http://www.forexfactory.com/forexfor...1&postcount=18
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<!-- / message --><!-- sig --> Hope this helps.Ignored
Quoting milan47DislikedThank you Horace, very much appreciatedIgnored
Quoting lavaDisliked£ direction:
Interesting to read the debate on Cable:
I am a stickler for time and that targets should be met within its projection.
If my analysis is correct Cable should reach it's target at around 0600 hrs GMT Monday morning. It should make the turn from that point down unless it breaks the next UTL. According to the projection it will fall just below this UTL. I have noticed that projections do run over targets.
Monday am should give us the clues we need to set the strategy for the next few days. Until then I think we go up. We should see a clear rejection of the UTL to confirm the continuation of the downtrend.
I think that traders need to stay very flexible and be able to move very quickly. That is not easy and requires constant vigilance.
GL & GTIgnored
Quoting GreatYvesDislikedRegarding that last post, if we apply it to the GU right now, the demand line is almost horizontal and there a break out on both side position... The payout is -354pips.... or +115 pips. So where do you draw a line? when the second point is so far, the forecast price will be so far in the future i guess, if it ever happen? What do you think friends?Ignored
Quoting leo2006DislikedDoes anyone know, when is the best time to play forex ? I'm just a newbies, i've tried mouteki method live and so far it's creating profit. However, i'm still worried if the trend goes beyond our prediction.
And is it OK if we set the mouteki trend lines on fridays, remembering the fact that on saturdays and sundays are holidays and there will be a big gap on the next monday.
Pls give me some advices...Ignored
Quoting StogieDislikedThis is the Delta as I know it. I don't think this is really what you want to know tho.Ignored
Quoting TheWickerDislikedThank you Mouteki for sharing your method. In your document "4 hour trend line" there was this image used as an example of a potential 186 pip trade. This trade looked fine back then but now as the stop loss document has been released this would not be a 186 pip profit trade but would have been stoped out at +10 pips if we use the stoploss rule one in profit 40 pips we move our stop to +10 pips. This stop would have been hit here.
Please explain if I interpreted it wrong.
Notice how the second candle after our entry went more than 40 pips south. We would have placed our stoploss to +10 pips here, which would have been hit later then.
http://img208.imageshack.us/img208/5148/chartsy9.jpgIgnored
Quoting kenari05Dislikedgood post....what is the lowest cable would go? 1.8605?Ignored