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Mouteki Trading

  • #761
  • Sep 18, 2006 9:49am Sep 18, 2006 9:49am
Since different providers offer different signals, why not use the provider Mouteki uses? I have "googled" "Forex Survivor" (taken from the examples he provided) but cannot find who the service comes from. Does anyone know? Thanks.
"Loss and failure are inevitable but misery is optional"
  • #762
  • Sep 18, 2006 9:58am Sep 18, 2006 9:58am
Quoting creztor
If I remember correctly, Moutekitrader mentioned that he plots TLs on Mondays and then looks for a trade on Tuesdays. Perhaps it may be better to wait until Tuesday before taking trades.
did he say that in the word document? couldn't find it
  • #763
  • Sep 18, 2006 9:59am Sep 18, 2006 9:59am
love the simplicity of the method


simple thigs are the best


thaks mouteki
  • #764
  • Sep 18, 2006 9:59am Sep 18, 2006 9:59am
have i missed the post where mouteki says where to put stop loss?
  • #765
  • Sep 18, 2006 10:00am Sep 18, 2006 10:00am
Quoting Attiqul
have i missed the post where mouteki says where to put stop loss?
Thats coming in his next update, so no you didnt miss it.
  • #766
  • Sep 18, 2006 10:02am Sep 18, 2006 10:02am
Quoting Attiqul
did he say that in the word document? couldn't find it
Post #24 has some of it there I believe.
  • #767
  • Sep 18, 2006 10:02am Sep 18, 2006 10:02am
Attaqui. Look in the upper left hand corner of the charts in the word doc or on any of the Power Point charts. It says "Forex Survivor". If we find his source we could also find ourselves on the same page as him as it relates to data feeds.
"Loss and failure are inevitable but misery is optional"
  • #768
  • Sep 18, 2006 10:04am Sep 18, 2006 10:04am
Quoting carmel
Attaqui. Look in the upper left hand corner of the charts in the word doc or on any of the Power Point charts. It says "Forex Survivor". If we find his source we could also find ourselves on the same page as him as it relates to data feeds.
I believe if you use IBFX Metatrader 4 you will have the same data?
  • #769
  • Sep 18, 2006 10:05am Sep 18, 2006 10:05am
HI,

Interesting system,

I noticed people are not always following the 2 lower candles on ether side of the TL point looking at some charts posted here.

What are you views on this?

Thanks
  • #770
  • Sep 18, 2006 10:11am Sep 18, 2006 10:11am
Quoting Thebigmo
Anybody has a take on eur/jpy, i have a signal.

I have an attachment
I took this signal for 50 pips.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #771
  • Sep 18, 2006 10:17am Sep 18, 2006 10:17am
Quoting jarroo
I took this signal for 50 pips.
Quoting DigitalDean
I noticed people are not always following the 2 lower candles on ether side of the TL point looking at some charts posted here.
What are you views on this?
Thanks [img]images/smilies/smile.gif[/img]
Case in point, chart shows more of a Tom Demark setup than a Mouteki, the second candle does not have 2 neighbors that conform to rules (second candle to the left is has a higher high=no "true" bar according to Mouteki rules/.doc).
Not that that means it doesn't work, it just means it's not the Mouteki system shown there...
Trust price. Know yourself.
  • #772
  • Sep 18, 2006 10:27am Sep 18, 2006 10:27am
Quoting SeekingLight
Case in point, chart shows more of a Tom Demark setup than a Mouteki, the second candle does not have 2 neighbors that conform to rules (second candle to the left is has a higher high=no "true" bar according to Mouteki rules/.doc).
Not that that means it doesn't work, it just means it's not the Mouteki system shown there...
You are correct. I should have stated that it was a Tom Demark setup.
I will take a TD setup at times.
Remember, the more "neighbors" that conform to the rules the strong the signal. Mouteki - 2 candle rule. 3 to 4 candles much stronger.

Thanks,
Jim
Indicators show the past. Price Action "Indicates" the future.
  • #773
  • Sep 18, 2006 10:28am Sep 18, 2006 10:28am
Quoting navadwipa
Hi Zuke,

Do u get good executions with the exotic currency pairs? if u do which broker do u use.
Hi Navad. Execution is usually ok on the Scandis. Spreads are between 30-50 pips. YOu can SB with Capital Spreads, or use CMC, Saxo and soon to be Oanda.
  • #774
  • Sep 18, 2006 10:43am Sep 18, 2006 10:43am
Any other trade potentials setting up? Please post so we can help each other with this system. Plus, any ideas on stop placement?
  • #775
  • Sep 18, 2006 10:49am Sep 18, 2006 10:49am
Hi,

Is anyone else getting a signal to short the Kiwi?
Attached Image
  • #776
  • Sep 18, 2006 11:02am Sep 18, 2006 11:02am
It shows as a good setup on the MT4 but it doesn't show on the VT Platform (???). I thjink I'll wait till it shows on both.
"Loss and failure are inevitable but misery is optional"
  • #777
  • Sep 18, 2006 11:16am Sep 18, 2006 11:16am
I was just wondering the same thing beings that I shorted it at 9.18.4:32. It has gone negative but it is at the high end of the Vegas tunnel and we just had a run on it last week so Im going to ride it for a while now.
  • #778
  • Sep 18, 2006 11:50am Sep 18, 2006 11:50am
Okay - maybe its just me but I continually find instances where the supply/demand line has a slope that is opposite to the examples given.

Is this wrong? Should I ignore these and simply move to the "next" point B.

Here is an example from Mouteki's document. What is wrong with the point that I circled? What makes it invalid?

Mouteki?
Attached Image
  • #779
  • Sep 18, 2006 11:51am Sep 18, 2006 11:51am
Quoting Qu|cksilver
EUR/JPY

I'm still waiting for open bar on the next candle. It seem like we have different broker and different time. My projection target will be 261 pips from open bar.
Dont meant to be rude, but I do not understand why you are soooo long away with your point 2 at your supply line. There are several points before your point 2 that confirm to the Mouteki rules as a valid point 2.

If this is a cause of different broker and different time, then IMHO we are in deep trouble, because this makes a HUGE difference with opening trade and a projected price.
  • #780
  • Sep 18, 2006 12:00pm Sep 18, 2006 12:00pm
Quoting lonespruce
Okay - maybe its just me but I continually find instances where the supply/demand line has a slope that is opposite to the examples given.

Is this wrong? Should I ignore these and simply move to the "next" point B.

Here is an example from Mouteki's document. What is wrong with the point that I circled? What makes it invalid?

Mouteki?
In a demand line point 2 (or point B) has to be lower than point 1 (or point A)
As in Mouteki's example.

Jim
Indicators show the past. Price Action "Indicates" the future.
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