you guys are awesome....Jumper thank you so much again.
- Joined Sep 2006 | Status: Member | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
Mouteki EA 0.4 : profitable ? 2 replies
Jumper's journal of Mouteki trading 74 replies
Mouteki/Vegas 4 Hour/Price Action 32 replies
Nchosen's trades by Mouteki rules 153 replies
Kalesh's journal of Mouteki Trading 25 replies
Quoting Horace KentDislikedWeek of Sept 24-29: +569 pips
Week of Oct 1-6: +124 pips
All trades based purely on Mouteki methodology. No trades taken on NFP day.
Have a great Thanksgiving everyone! (Canadian eh)Ignored
Quoting YasirYarDislikedman i wanna save my money.. but theres only 2 trades a week on a particular currency u do the math.. hehehIgnored
Quoting MenchifusDislikedFor those who lost money last week, don't despair. Remember that its a huge numbers week. Many successful traders and system creators recommend never to trade right before an important number, especially nonfarm payrolls.
I was actually short cable right before nonfarm payrolls, I placed my stop after I've already made 60pips. If it wasn't for that crazy up move right before the big down move, I would've made more money. As it was, I got stopped out with a smaller profit.
Again, in a numbers week, ALL BETS ARE OFF.Ignored
Quoting jumperDislikedOk, fair enough.
Your first question: "Supply/Demand line; how do you know which one to pick?".
At any time, you should draw both the supply and demand line on your chart. The one to "pick" will depend on which line is breached. For a good trade, it should be a clear one way break -- either you get a short signal when price drops below the upward sloping demand line, or a long signal when price rises out of the downward sloping supply line.
Then you also asked: "but i still didn't get it whether to pick 1st and 2nd point from the top (supply) or bottom (demand). can u explain more plz."
Since we want to see both the demand and supply lines on the chart, it follows that we will have 4 points -- 2 points of resistance that make up the supply line, and another 2 points of support to make up the demand line. Just to emphasize, the way to draw the lines would be to look from right to left.
Downward sloping supply line. Find the most recent point of resistance and this would be your point 1 for supply line. Then look left and find the next point of valid resistance that is higher than point 1. Remember that the supply line must be downward sloping.
Similarly for demand line, find the most recent point of support and this would be your point 1 for demand line. Then look left and find the next point of valid support that is lower than point 1. Now we need a lower point because the demand line must be upward sloping.
Now that you have the 2 lines in place, follow the price action. For a typical case, you will see the price moving within the region bordered by the top supply line and bottom demand line. When price moves out either way, we then take our signal accordingly.
Below is an example you can refer to. See how I have labelled the 4 points (A, B, C and D) that make up the 2 lines. Notice that the most recent bar has breached the top supply line. This signifies a break of the current downtrend and we will want to ride on the new uptrend. If we have a confirmation from the next candle opening above the supply line, then we go long.
Hope this helps; if not, please ask again. Specific questions will bring better answers.Ignored
Quoting Horace KentDislikedWeek of Sept 24-29: +569 pips
Week of Oct 1-6: +124 pips
All trades based purely on Mouteki methodology. No trades taken on NFP day.
Have a great Thanksgiving everyone! (Canadian eh)Ignored
Quoting Ebont74DislikedWhen you say "valid support" for the second point, do you mean it is valid because the supply line does not cross through the body of any other candles, but it is still the lowest one?
Excellent post jumper. Helped to clear some things up for me. I see that you are useing an indicator. Is it Mouteki_heart_mono v2? is there one that works better than the others...or at least seems more accurate?
Thanks, Ebont74Ignored
Quoting karakoyunlarDislikedMy answer to the question in this thread is "yes". Here are my results in the last week.
EURUSD: +69, +45 pips
USDCHF: +75, +106
GBPUSD: +163, +59
USDJPY: +110
EURJPY: +61,+60
USDCAD: +80, +50
AUDUSD: +35, +32
NZDUSD: +57, +63
EURCHF: +32
EURGBP: +39
CHFJPY: +50, +44
AUDJPY: +38, +28
GBPJPY: +131
the results are very impressive!!!
you can follow the charts in my blog.
the pics are obtained every day at 21-23:00 GMTIgnored
Quoting ShazzzDislikedall that in one week?? ....its amazing!.....used strictly mouteki or "tweaked mouteki"?Ignored
Quoting karakoyunlarDislikedby just following trend lines drawn by demak_trend_new and its target points.
i did only follow the charts in demo accounts and i am very contrite for not used this in my real account. The results are so good and i will start to use this method in my real acoount also.Ignored
Quoting parabolicDislikedDo you use the Stochastic Indicator in your charts as a filter for Mouteki Trading?Ignored
Quoting Horace KentDislikedWeek of Sept 24-29: +569 pips
Week of Oct 1-6: +124 pips
All trades based purely on Mouteki methodology. No trades taken on NFP day.
Have a great Thanksgiving everyone! (Canadian eh)Ignored
Quoting YasirYarDislikedhey guys.. was jnust looking at mouteki's way of trading.. and the texts that he has managed to put together are awesome.. also the poll results.. forced me to check his sutff out in the first place.. but i just want to know from people other than mouteki.. can anyone here tell me whether after using his method.. he has been able to earn profits consistently?? dont get me wrong.. im not being sarcastic or critical.. i just need some info on this to get an insight on it.. thanx a lot everyone..Ignored
Quoting karakoyunlarDislikedMy answer to the question in this thread is "yes". Here are my results in the last week.
EURUSD: +69, +45 pips
USDCHF: +75, +106
GBPUSD: +163, +59
USDJPY: +110
EURJPY: +61,+60
USDCAD: +80, +50
AUDUSD: +35, +32
NZDUSD: +57, +63
EURCHF: +32
EURGBP: +39
CHFJPY: +50, +44
AUDJPY: +38, +28
GBPJPY: +131
the results are very impressive!!!
you can follow the charts in my blog.
the pics are obtained every day at 21-23:00 GMTIgnored
Quoting karakoyunlarDislikedMy answer to the question in this thread is "yes". Here are my results in the last week.
EURUSD: +69, +45 pips
USDCHF: +75, +106
GBPUSD: +163, +59
USDJPY: +110
EURJPY: +61,+60
USDCAD: +80, +50
AUDUSD: +35, +32
NZDUSD: +57, +63
EURCHF: +32
EURGBP: +39
CHFJPY: +50, +44
AUDJPY: +38, +28
GBPJPY: +131
the results are very impressive!!!
you can follow the charts in my blog.
the pics are obtained every day at 21-23:00 GMTIgnored