first i'm sorry for my poor engkish, hope you all understand it
okay.. here we go...
Mouteki system still the most profitable price action for me until now..
some people confue about how to filter their entry
some confuse about the Projection Price.. and the stop lost too
so.. i made a little observation here, and found that maybe my modif of Mouteki can solve the problem.. or reduce it to minimum..
Here How I set my Chart..
1. I always use Weekly Fibbonachi level as my Target Price and Stop Lost
2. My Target price is always above the second level of weekly fibbonachi for LONG of my Open Position
3. My target is always below the second level of weekly fibbonachi for SHORT of my Open Position
3. My stop lost is always at the second second level above of weekly fibbonachi for SHORT
4. My stop lost is always at the second second level below of weekly fibbonachi above for LONG
5. Use Stochastic as a great filter to find OVERSOLD n OVERBOUGHT
if the stoch of 4H is in oversold area, don't try to take SHORT position and vica versa
6. ALWAYS CONFIRM in STOCH DAILY.. if you found Stoch in 4h is oversold, but Stoch Daily didn't say that OVERSOLD.. You can go SHORT and visa versa
7. IF YOU FOUND DAILY STOCH SAID.. OVERSOLD AREA... NEVER EVER EVER take a Long trade... and visa versa
8. Sometimes You go Short.. but then Mouteki give Long Signal.. Confirm it with Stoch Daily 4H and although your stop lost didn't HIT.. just quit, and wait for reversal direction
9. Beware of Major News...
see the chart.. will be more charts for my example
okay.. here we go...
Mouteki system still the most profitable price action for me until now..
some people confue about how to filter their entry
some confuse about the Projection Price.. and the stop lost too
so.. i made a little observation here, and found that maybe my modif of Mouteki can solve the problem.. or reduce it to minimum..
Here How I set my Chart..
1. I always use Weekly Fibbonachi level as my Target Price and Stop Lost
2. My Target price is always above the second level of weekly fibbonachi for LONG of my Open Position
3. My target is always below the second level of weekly fibbonachi for SHORT of my Open Position
3. My stop lost is always at the second second level above of weekly fibbonachi for SHORT
4. My stop lost is always at the second second level below of weekly fibbonachi above for LONG
5. Use Stochastic as a great filter to find OVERSOLD n OVERBOUGHT
if the stoch of 4H is in oversold area, don't try to take SHORT position and vica versa
6. ALWAYS CONFIRM in STOCH DAILY.. if you found Stoch in 4h is oversold, but Stoch Daily didn't say that OVERSOLD.. You can go SHORT and visa versa
7. IF YOU FOUND DAILY STOCH SAID.. OVERSOLD AREA... NEVER EVER EVER take a Long trade... and visa versa
8. Sometimes You go Short.. but then Mouteki give Long Signal.. Confirm it with Stoch Daily 4H and although your stop lost didn't HIT.. just quit, and wait for reversal direction
9. Beware of Major News...
see the chart.. will be more charts for my example
Attached Image
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