TRADING ALERT: Mouteki Signal Trigger
FREE ALERT PROVIDED BY http://www.4xwatch.com
Summary
Trendline point 1: high at 2007.04.10 12:00 (235.33)
Trendline point 2: high at 2007.02.26 20:00 (237.02)
First candle above line: 235.77 - 2007.04.11 08:00
Projected profit: 251.46
Details:
1. Upper trendline was drawn by the indicator between the high of the bar at 2007.04.10 12:00( price level of 235.33) and the high of the bar at 2007.02.26 20:00( price level of 237.02)
2. The indicator has detected a qualified breach of that trendline by a candle (bar) opening at a price of 235.77, above the trendline at 2007.04.11 08:00, after a cross of the trendline by a previous candle (bar).
3. In accordance with the Mouteki rules (http://www.forexfactory.com/forexfor...ad.php?t=8464), that is a signal for a possible long entry.
Target projections:
1. Distance from trendline to the lowest point was calculated based on the low of the bar on 2007.03.05 20:00 at a price level of 221.05.
2. That distance was found to be 15.69.
3. This gives us a projected takeprofit level at 251.46 (that being a distance of 15.69 from the opening of the qualifying candle at 235.77).
Please note that this indicator is in its Beta stage and is being continually improved.
Please view our terms and conditions regarding these alerts at http://www.4xwatch.com/index.php?opt...d=38&Itemid=45
Alert reference: Alert # DM3.1.3.G-GBPJPY-2402007.04.11 08:00
FREE ALERT PROVIDED BY http://www.4xwatch.com
Summary
Trendline point 1: high at 2007.04.10 12:00 (235.33)
Trendline point 2: high at 2007.02.26 20:00 (237.02)
First candle above line: 235.77 - 2007.04.11 08:00
Projected profit: 251.46
Details:
1. Upper trendline was drawn by the indicator between the high of the bar at 2007.04.10 12:00( price level of 235.33) and the high of the bar at 2007.02.26 20:00( price level of 237.02)
2. The indicator has detected a qualified breach of that trendline by a candle (bar) opening at a price of 235.77, above the trendline at 2007.04.11 08:00, after a cross of the trendline by a previous candle (bar).
3. In accordance with the Mouteki rules (http://www.forexfactory.com/forexfor...ad.php?t=8464), that is a signal for a possible long entry.
Target projections:
1. Distance from trendline to the lowest point was calculated based on the low of the bar on 2007.03.05 20:00 at a price level of 221.05.
2. That distance was found to be 15.69.
3. This gives us a projected takeprofit level at 251.46 (that being a distance of 15.69 from the opening of the qualifying candle at 235.77).
Please note that this indicator is in its Beta stage and is being continually improved.
Please view our terms and conditions regarding these alerts at http://www.4xwatch.com/index.php?opt...d=38&Itemid=45
Alert reference: Alert # DM3.1.3.G-GBPJPY-2402007.04.11 08:00