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How do you determine

  • Post #1
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  • First Post: Oct 5, 2006 6:20am Oct 5, 2006 6:20am
Hello all,

First of all many thanks to Mouteki trader for sharing such system
I was reading the method but I think I am totally confused,

I have following questions:

1. How do you determine supply/demand curves? is it simply trendlines?

2. What is projection? is it fib projection? how to apply correctly?

3. I see blue lines, what do these lines indicate
see also attached image
thanks
Attached Image
Read the sticky's at the top of the room they explain the system...
Quoting FiboFan
Read the sticky's at the top of the room they explain the system...
thanks,
This is what I am doing now and seems I understood everything
It seems easy to understand
thanks
Can anyone confirm or declien my understanding?

1. You find the point when you can plott trendline
2. You find the highest high/lowest low between these two points
3. You place horisontal and vertical lines on this highest high/lowest low, then you take into consideration the point when this vertical line intersects demand/supply line.
4. This intersection is entry point
5. You wait when candle opens above/below the demand/supply line
6. You place profit target according to fib projection

Did I understand correctly?
thanks
Check the Mouteki Material in this forum for the setup, there is docs and powerpoint presentations.
Quoting nini
Can anyone confirm or declien my understanding?

1. You find the point when you can plott trendline
2. You find the highest high/lowest low between these two points
3. You place horisontal and vertical lines on this highest high/lowest low, then you take into consideration the point when this vertical line intersects demand/supply line.
4. This intersection is entry point
5. You wait when candle opens above/below the demand/supply line
6. You place profit target according to fib projection

Did I understand correctly?
thanks
Nini, if you really want to follow this system, I suggest you read the documentations and examples a wee bit more thoroughly.

The highest high/lowest low is found between point 2 and the most recent bar, and it must not be in consolidation.

The entry point is the open of the first candle out of trendline. You calculate your TP and SL from this open too.

You place profit target where your projected profit target is, and you can get this from the difference between highest high/lowest low and vertical line's intersection with demand/supply lines.
I am JuMPeR. :party:
Quoting nini
Can anyone confirm or declien my understanding?

1. You find the point when you can plott trendline
2. You find the highest high/lowest low between these two points
3. You place horisontal and vertical lines on this highest high/lowest low, then you take into consideration the point when this vertical line intersects demand/supply line.
4. This intersection is entry point
5. You wait when candle opens above/below the demand/supply line

Seems like you've understood everything above to be correct. Except below.
6. You place profit target according to fib projection

Mouteki doesn't use fib's as the projection. His price projection is based on the calculation as per the word document "4 hour trendlines". If you want to integrate fib's into your trading, there's nothing wrong with that. Personally, I DO use fib's to compliment the Mouteki system.

Did I understand correctly?

Seems, you've understood quite well.
thanks
Looks like you've got it now!
  • Post #8
  • Quote
  • Last Post: Oct 5, 2006 1:58pm Oct 5, 2006 1:58pm
Mate,

You should deff read the Mouteki doc first.


turbo


Quoting nini
Hello all,

First of all many thanks to Mouteki trader for sharing such system
I was reading the method but I think I am totally confused,

I have following questions:

1. How do you determine supply/demand curves? is it simply trendlines?

2. What is projection? is it fib projection? how to apply correctly?

3. I see blue lines, what do these lines indicate
see also attached image
thanks
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