Mouteki Trading

Greetings forex friends, Mouteki here…
Sitting during the NY session as I do everyday riding out my trade. Today, I have decided to continue to trade north the Aud/Chf. Although I took a small profit on yesterday’s position during the Asian session, I have decided that the opportunity for long positions is still there.
Today, during the opening hours of the NY session I bought the pair @ 1.0005 & 1.0015 targeting the 1.0045 profit level. My entries came off of retracements of the 100% expansion movement. We are also see the pair creating and continually respecting a demand line, showing us that we are trending north.
Although this morning, when scanning for supply/demand lines there were appetizing setups such as the nzd/chf I wanted to stick to my pair that I have been monitoring since yesterday waiting for the payout to occur.
Well, just wanted to give you a sense of my trading for today. Look and see if you can find what I am talking about here in the charts and if you can see it, your on the right path to forex freedom.
Well forex friends, that’s about it for now. Check back at mouteki.com periodically for further updates through out the trading week.
Good luck and happy trading
-Mouteki

Greeting forex friends,

Profit was achieved on both position north on the aud/chf. You can find a detailed analysis of my thought process by watching the brief video I just posted on my blog.

Well, no need to say more...you can find everything you need on my blog.

Until next time, gl and happy trading.

-M

Greeting fellow forex friends, Mouteki here once again…
Today was a rather interesting day in the forex markets along the lines of following the mouteki method. As you know, my pre-NY ritual consists of scanning the one hour compression for potential supply/demand. There was a abundance of setups today to monitor, just around 10 pairs on my pre-Ny watch list.
As I have said before though, I do not allow myself to be overwhelmed by potential setups, rather focus my energy on finding one pair that will get me my trades for the day. Always keeping in mind that I have a backup plan if this setup fails.
Today, the golden opportunity in my trading eyes was the Gbp/Jpy. If you noticed my twitter tweets from earlier, you will realize that I have gone long on the pair at the 143.60 & 143.65 price levels.
This setup is a classic example of golden opportunity in the forex markets. I will update a video later on my analysis, but for now I just wanted to give you a sense of my trading direction.
What I suggest, is that you watch my tweets during the NY open to see what I am trading, then see if you can analyze the pair and find what I am trading. Then check back later and watch my video update of my analysis.
This is the course that I will be taking with my blog from now on. I want to make this a learning experience for you all, and believe this is the best way to do it. If I were to post my setups before they happen, you would not be applying the method on your own, just copying mine. This is not my intention, my intention is to help you understand my trading method and push you to learn it by seeing my success. This is where the mini account comes in and why I use it. This way, you can see that I am actually making the trades and not just posting the payout after watching it occur.
Well, I just wanted to give you a update on what is going on here at mouteki.com and the sense of direction I have taken.
Forex trading in my opinion is the most rewarding occupation possible. Take time and learn the mouteki method so you to can achieve forex freedom.
-Mouteki

Hi Mouteki,

thanks for your wonderful offer, but I do not like Twitter. Can´t you post your tip and the plan B at a certain time on your blog? I mean GMT or Eastern or something at the same hour every day. That would be really cool. I would like to search for your ideas on my own and would also like to see if I was right, where I was wrong and so learning by earning

Greeting CandleStar,
I have just updated my blog with my New York session trading plan including my plan A & B. I will attempt to update my blog with this info at 8 am est every trading day. Since this is a free service, I can not guarantee that I will be punctual everyday, some times my personal trading has to come before blogging. But for the most part, I will have the update up at 8 am est...
Cheers Mate,
-Mouteki

Thanks a lot Moutaki,

extremely fair from you. I will be there. And if you blog a little later it will be no problem for me.

So let´s go to work

What a pity,

I came much too late for your tips.
Next time I will be there in time - 8am Eastern.

What makes me wonder is how fast it went this time.
And I am still not quite sure how you find these setups.
Maybe you should make a video out of it.
Do you have 30 to 40 pairs that you study? Which are worthy enough?

Good day forex friends… Mouteki here, back and ready for action. Hopefully you read my update from yesterday so we can all be on the same page, if you have not check it out so you can get a sense of direction that this blog will be taking.
Ok, now time to talk forex. It is Monday, which usually in our industry is the slowest day of the work week. I like to find nice small movements to start off my work week. Movements that I can easily pick off for profit and start off the trading week on a positive note.
I have just completed my pre-Ny ritual of scanning the charts. I found 5 charts this morning well worth my time, all consisting of the yen.
As always, I find one that setup that sticks out like a sore thumb and analyze the pair for the blog.
Today that pair happens to be the Aud/Jpy. When scanning for supply and demand on the pair, there was a supply line on the 1 hour compression that was very dominant. A three point 1 hour supply line that should be easily depicted by all traders.
Upon further analysis, I found the pair has violated the line of supply and now creating it’s reversal movement showing early signs of respect of the Fibonacci.
Since a video will better express my analysis and thought process I have included that below.
Well Mouteki traders, this is my update for today and now the rest is up to you. If this setup fails then apply what you have learned and create your backup plan B. More to come later…
Good Luck & Happy Trading…
-Mouteki

Hi Mouteki,

thanks again.

The problem isn´t to find any trendlines and the moment when the price breaks it. The questions I have is how long will the retracements run and from which moment I should jump into to the new direction, and finally when to give up the strategy (lack of harmony) because it isn´t a further retracement but the course is changing direction again.

Do you have answers to these?

Good morning fellow mouteki traders…
Had a decent trading day yesterday taking out 70 pips on the Gbp/Jpy and giving up 20 on the Aud/Jpy. Overall, a 50+ pip Monday to start off the week on a positive note.
Had a busy day yesterday and was not able to update with the follow through, sorry about that.
Today, I found a very nice setup on the aud/cad. Classic violation of a hour demand line and furthermore great respect of the fibonacci on the violation movement.
Great profit target created by the 161.8 fib expansion and the 144 fib zone. Since I am running a bit behind schedule I’ll cut my speech short and let the video do all the explaining.
-Mouteki

Greetings fellow mouteki traders…
Yesterday we traded the aud/cad short to the 0.9295 price level. Unfortunately for me, my broker missed my limits by 1 pip, yes 1 pip. I pulled out one profitable trade and suffered a small stop out on the other two all for one pip. No problem, I just love to see the market take out the levels that I predict.
Interestingly the market seems to be turning direction and creating a potential rally north. All this occurring at our final point of profit from yesterday being the 0.9295 price level. Yesterday’s movement, created a very dominant line of supply in the one hour compression that has recently been violated by the market.
Once again today I will be looking to trade the aud/cad. This time I will be long on the pair, as a matter of fact I took my first entry during the london session and will be looking for an additional entry during the NY session.
In today’s video, I reveal a interesting tip on profit taking and anticipation of market movement, I highly suggest taking note of what is said and applying to your daily forex trading.
No need to say more for now I’ll let the video do all the explaining.
Until next time, Good Luck & Happy Trading…
-Mouteki

Greetings Mouteki Traders,
Good day yesterday overall 5/5 on my trades accumulating 48 pips. Interesting movements on the aud/cad. We had a 100% retracement occur on the pair to the .9295 price level, then saw a new five minute setup north that had the exact same profit levels as the first five minute setup I showed in yesterday’s video update. Since I was able to locate and analyze the setup, I was rewarded with pips. I will explain a bit more on this setup in today’s video.
Today, I will post two video updates. One along with this post analyzing today’s setup and a second one later on with related setups using the mouteki method.
My focus for today is the aud/jpy. I have decided to share this pair because of the nature of the setup, it is a prime example of the method of trading I am trying to teach here. Strictly technical analysis, price action and f*** fundamentals. I am looking for a reversal movement on the pair north. We have seen the market violate a dominant line of supply in the market on the one hour compression. The 5 minute compression is showing great respect of the fibonacci and there is definitely a setup worth waiting for. If the market follows through as we predict, we trade. If a fall through of the setup occurs, move on to plan B.
I’ll let the video do the rest…enjoy.
-Mouteki

This is just an update to today’s video and setup that was covered being the aud/jpy. Obviously, we did not see the pair find support at the retracements of the initial movement. This has me thinking that we will see a mirror image of yesterday’s events. Being full 100% retracement, then a new movement north to setup the projections once again lining up with the first movement. Just something I wanted to mention, since this is what usually happens on movements such as this, it was not a coincidence that we saw this happen live yesterday, it is a sequence the market repeats. So, if you see price action north occurring rapidly @ 83.90 be prepared for a trade opportunity. More to come later, that is if the pair turns north http://mouteki.com/blog/wp-includes/...icon_smile.gif if failure of 83.90 lose all interest in the pair http://mouteki.com/blog/wp-includes/...s/icon_sad.gif
-Mouteki

Hi Mouteki, would like to ask you, do you still trade you method posted in the first posts of this thread? It seems to work amasingly. Thanks

I actually saw the AUDJPY heading south from a 4hr timeframe looking at an overlap of the 161.8 and the 610 fib zone. Price blew past this and through the 987, though. I'm not going to post a chart of AJ but there was a large demand line violation that set it all off.

I was actually looking at that one and a similar setup on AUDUSD, which I will post charts of. I was deciding which trade to take, and AU showed a better respect of the retracements and expansions so I went with it instead. The overlap between the 161.8 and the 610 zone on the AU was about 30 pips. Price reached the 610 and quickly retraced back up, and hasn't been back as of right now.

Greetings Forex Friends,
Due to current market mayhem, I have decided to take the day off. Putting into consideration that mass movements we saw in the markets over the past 24 hours and being Friday, I find it much more logical to sit back, relax, and enjoy the show.
To be honest, I scanned all my charts this morning and didn’t find much interest in any pairs anyway. If there is one worth keeping an eye on, it is the eur/nzd that is attempting a very dominant four hour line of supply. Given the current state of the euro, and today being a big day here in Greece, I will not attempt a long position in the market. You must be out of your mind to go long the euro today!!! So, I suggest just stay away…
The current volatility in the market may seem attractive but watch out for the double blade. I have found over the years that these are the best times to grab a bucket of popcorn and enjoy the show.
So, I guess that is that…
As far as mouteki.com, we are planning on making a few significant changes over the weekend so make sure to pop in and see whats going on as well as updates that I will be posting.
Well, hope you all have a great weekend…
-Mouteki

Yes and no my friend...
No, because I don't trade the 2006 method as a stand alone trading system.
Yes, because I still use parts of the 2006 method such as supply/demand in my current trading system.
With the term system, I am referring to the overall trading process from analysis to trade execution. Method implying technical analysis used in the overall system.
My current trading system is much more complex than just a simple supply/demand method as referring to the 2006 method.
It is comforting to hear success stories occasionally from the 2006 method. The method sets a great basic foundation for supply and demand which is vital to have knowledge of in the forex.
Just as I have over the past seven years, you mature as a trader and begin to develop more advanced strategy adapting to the markets. But, my friend supply and demand is my foundation...feeling bad leaving out the fibonacci.
Just my 2 cents...
-Mouteki

Ok, I'll take these one at a time...

1) How long will the retracment run?
-To this question I have no complete answer. But I do have what I believe a decent response. It is not possible to know how long the retracement will run. If we did, we would never lose. What we try to do as traders is anticipate to where the retracement will go using fib retracement levels, but most importantly using price action to determine the retracement is over.
2) When to jump into the movement?
-When the market has turned in the direction of the trend within the fib levels and showing dominant price action supporting the trend.
3) When to lose interest?
-When the pair breaks below the final 61.8% retracement. This may setup into a 100% retracement, which means you will have a new setup to analyze on the 5 minute to setup new targets with. On any retracement that exceeds the 61.8% level, I will always look for the new movement to setup new profit levels, never using the previous ones.

So, I guess those are the overall responses to your questions...

I think overall, you trying to say, "how do we put this all together and actually trade it?"

This my friend, is something that I am teaching you, but you must train yourself to apply it in your daily trading.

After doing this for seven years I am confident to say that I am now one with my trading. I always had the method but never the overall system. The overall system is compiled of trading as a process.

Finding the game...
Supply/Demand
Stalking the game...
Fibonacci
Executing the game...
Price action

Overall hunt for pips. Using proper money management and knowing your game before you play it. Only time in the charts will get you familiar with your pair. Average pip ranges are a great place to start. Pairs have unique characteristics...mainly because a select few have the ability to manipulate price.

Ok, I guess that is enough out of me...lol
Hope it helps!!!
-Mouteki

Good analysis mate...Glad to see your success with the 610 setup. You the man :-)

Thanks for your explanation Mouteki