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Anyone still trading Mouteki? 45 replies

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Attachments: Mouteki Trading
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Mouteki Trading

Quoting jumper
Ask the c-r-e-a-t-o-r.

WHERE IS HE.. *dramatically..
i see him nowhere around
BECAUSE I CAN !
Quoting YasirYar
im dumb when it comes to daily charts.. i never look at those.. y does this one have significance.. mind explaining?? and daily charts have nothing to do with mouteki method.. y then/?
That the longer term trend is up so any short is really just riding the correction?
I am JuMPeR.
Quoting lava
Hi All,
Just have the short on cable I have a target of 1.8555. On the GMT chart.

Highest High 1.8901
Intersect 1.8687
Projection 0.0214
Open candle 1.8769
Target 1.8555
lava,

Refer to blue mouteki lines I drew on your chart below.

I see a prior demand line break on your chart with a short entry of about 8815-8820. What about this Mouteki DL break? That brings up a question? Do prior/subsequent Mouteki DL/SL breaks confirm one another?

Nipper
Attached Image
hi...


You are very right there Nipper...I think were all (well me anyway ) falling into the trap of cutting trades short...in the original method I think he mentioned it could take many bars before the target is hit...and where all trying to get into a trade that has already begun and that is where the whipsaws are comming from..
If the signals are in the same direction, then it is definitely a confirmation. Mouteki himself mentioned that both targets will be met.

IMO: this is of course assuming that we don't get played out by a newer reverse signal.
I am JuMPeR.
Hi Nipper,

I guess so, but as Mr Mouteki keeps on reminding us in his document that we should be concentrating on the here and now as with the trendlines- so I prefer to do just that.
The past is the past and does not concern me anymore. The only experiences I hold valid are the ways that Banks and brokers try to get me to leave my trade before target is met.
I only gain more experience with that method. I think about potential problems coming up and what would make me pullout of the trade early.
Like now I am peparing my second position for when and if they whipsaw. I like it when they come after me as it only helps me to confirm the validity of the trade- I would be more worried if they did not.
Quoting jumper
That's why we have one camp looking at filters, and another condemning them for trying to tweak the original system.

Right, and he never read the entire thread either to see why we may be doing such or know that Moutekitrader told the one guy that he gave the system to us, so it was up to us to make it work or the fact Moutekitrader either can't or doesn't have time to answer similar questions we all have, else we wouldn't be looking for answers to our own questions.

Me - well I think I am doing Mouteki rules 100%, not changing the rules at all. You don't have to take every trade that plays out, right? Well, I am just making sure the trade appears to be a good setup before getting in. Once in, it is Mouteki all the way. That is the purpose of a filter I am looking for. Your still going to lose, no matter what you do. As long as I make money in the end, its all good.
Quoting lava
Hi Nipper,

I guess so, but as Mr Mouteki keeps on reminding us in his document that we should be concentrating on the here and now as with the trendlines- so I prefer to do just that.
The past is the past and does not concern me anymore. The only experiences I hold valid are the ways that Banks and brokers try to get me to leave my trade before target is met.
I only gain more experience with that method. I think about potential problems coming up and what would make me pullout of the trade early.
Like now I am peparing my second position for when and if they whipsaw. I like it when they come after me as it only helps me to confirm the validity of the trade- I would be more worried if they did not.
Believe me, I know brokers are thieves!!!!!!!
Quoting llambert3
Believe me, I know brokers are thieves!!!!!!!
Hi Lambert3,

I am sorry to say that I have to agree with you there.(From experience).
That is one reason why I have opened an NDD account for 0.5 pip commission- I get peace of mind and no whipsaws.
Not using it today though.


GL & GT
32 pips in less than 60 seconds, I searched news and so nothing. Bloomberg is nonchalant. Can anyone tell me WHY?

It's the most vertical line I've seen on the 1M chart in a long time... or have I just not been around long enough?
hi...

well moves like that do happen....I would wait of few minutes...probably will retrace as it was a 5 min to the hour move...wierd but does happen..
50 pips? Someone's in the know!!
Quoting salamander
32 pips in less than 60 seconds, I searched news and so nothing. Bloomberg is nonchalant. Can anyone tell me WHY?

It's the most vertical line I've seen on the 1M chart in a long time... or have I just not been around long enough?
the jump came to exactly 50 pips and now is hovering at almost 1.8800.

Is anyone ready to give me a signal?
The pound's going nuts! The pound's going nuts!
Quoting llambert3
I took the sell too. It looks like a clear Mouteki sell to me.
Looks like this was a +10 trade from yesterday.
hey guys.newbie to moukie 2 days.i use 10sl all tradesgenerated signal sellyesterday@12725 pp42 hit at 12683. left to many pips on the table,so i reworked 4h came up with12701ent wasnt sure sell or buy no trade taken.all other trades taken before this only left a 2to3 pipmarginof error?cant seem to get any more sell signals,maybe this is a move on down? i only sell on euro and confirm ent with 8h charts.
As the NFP is going to announce at 8.30a.m today, the impact is unknown and most of the trader will avoid to take it even they are using mouteki method. In this case I am using straddle method to test it on GBPUSD.


current rate is 1.8795, buy stop at 1.8815 SL at 1.8775 and sell stop at 1.8775 SL at 1.8815.
hi...


well maybe it wont retraces...opps..

Anyway I am out...not often I have seen such a big move 30mins before data release..
hi...

There saying the minor breach of a fib level at 1.8735 had caused the bounce.
I am throwing my charts away for the weekend, NFP can go shoot Cable up to 1.9 for all I care Then Monday we can all come back and short it.

Good night guys, and best of luck to Friday stragglers!
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