Quoting ra300zDislikedI think that the break below the demand line (short order) happened before the break above the supply line (long order).Ignored
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Quoting ra300zDislikedI think that the break below the demand line (short order) happened before the break above the supply line (long order).Ignored
Quoting GRACODislikedDear Jumper..
Can you share with us ur Indicator??
That will be great!Ignored
Quoting jumperDislikedSure... see attached.Ignored
Quoting RicxDislikedThis morning when i was just woke up...
im thinking 2 scenario
the first one...
i drew this demand line when 1.2630 and 1.2662 is the most supporting point on my view, then drew the demand line there :
http://img86.imageshack.us/img86/882/pic1uc1.gif
Then i drew horizontal line to the highest point *:
http://img216.imageshack.us/img216/2498/pic1tr6.gif
Then i drew a vertical line to get the crossing line :
http://img213.imageshack.us/img213/9313/pic1ku7.gif
http://img213.imageshack.us/img213/402/pic1ee0.gif
it seems candle was opened way down below the demand line so the price projection for this move is... :
http://img220.imageshack.us/img220/8796/pic1dq3.gif
and after that the next is the stop loss, which is calculated :
target profit is > 90 pips , 33% apply
180 pips * 33% =*59.4*round*it*up*to*60*pips,*i*was*wondering*should*i*add*
the spread for this... um... i think i add 3 pips spread it wont damage much
anyway if it turns 10 pip profit in the end
So the stop loss is....*wait*a*minute*in*stop*loss*aplication*doc*said...
"..i would choose the candle that is not touching the supply line. why be..."
i guess my stop loss is using this candle :
http://img216.imageshack.us/img216/5382/pic1oh8.gif
ah.... how lovely chart... oh ya i forgot the 10 pips linehere it is...:
http://img213.imageshack.us/img213/716/pic1qa4.gif
i guess its done... can any one confirm this?
Thanks.Ignored
Quoting llambert3DislikedYes, but that is why you should always have a demand and supply line. When they are close to crossing, or are crossing, wait it out. Mouteki didn't say this, but almost all of my losses were because of this, because I only drew one line and was saying "oh yeah, great setup", when actually I should've never done it. I got fooled by this same usd/chf setup. Just my opinion of course.Ignored
Quoting BillGatesDislikedI think the projection price from the more recent trend line is more realistic.Ignored
Quoting samyadlyDislikedhello guys
i'm new to this thread but i wish my system would be a good thing for u
i confirm the crossing of Dem lines by dpo crossing below/above zero line , hope that will help
Ignored
Quoting sanchezDislikedHi,
In all honesty I dont see how the signals could be taken any other way heeh.. But I guess that is the dynamics of Forex one never knows precisely in which way its going.. I still think up especially after Friday when the candle completed and cleared the supply line without ambiguity..
Question for ya...
On your charts you have x and arrows such as I do however I was wondering just exactly they are suppose to indicate if anything? Do you know?
Thanks,
SanchezIgnored
Quoting jumperDislikedWhat can I say? I am seized with horror!
What a bad way to end a Friday!!Ignored
Quoting lavaDisliked...but if I use Harmonics...Ignored
Quoting Mr TrendDislikedHarmonics guy? I'm wanting to start studying some techniques around that...
You are talking specifically about the harmonics of how the psychology of the market moves and how you can make a highly probable guess on where the target to enter or exit is based on time? Harmonic practicioners also employ Fib and Fib time as well...
Some do it exclusively...Ignored
Quoting sirwolfDislikedGreetings Fellow Mouteki Traders!
I have been following this thread since day 1 and have been testing Mouteki on and off learning to fully understand how to trade it. I opened up a new Demo account with $5K on Wednesday. My results for the first 3 days were great. I had 8 winners and 2 losers - 80% winners. A profit of $2200! My account statement is attached. Note there was a 3rd loss for $55, however that was from a different system I was trading, I accidenlty made it on the wrong account, so it does not figure into my testing.
My only change to the system is that I always set my Take profit at 40 PIPS and my stoploss at 30 PIPS. I had lost some trades that did not make their target over the weeks so I started backing them off a bit. I found that 40-50 PIPS TP worked good for me. I am unable to trade during the day, so I make my trades before I go to work, or after work. I am using 40 PIPS for this test and I am going to monitor results to see if I should bump this number up. I may be leaving pips on the table, but he,y I will take these results any day.
I know it is just 3 days of trading, but this is typical of the results I have been getting. I am now keeping a spreadsheet which contains all trades and before and after screenshots for my own use. This way if I lose a trade, I can see the initial set-up to see what may have gone wrong and if it was my error.
I just thought I'd share my results and I will continue to as I continue this testing. If the results look good after 1 month, I am going with LIVE funds.
I just love this thread and a big THANK YOU to Mouteki, I hope you read this and know I am very excited about your system. So simple and so effective. I just hope it keeps up.
Have a great weekend folks!
Sir WolfIgnored