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Mouteki Trading

  • #841
  • Sep 19, 2006 9:10am Sep 19, 2006 9:10am
For my case the SL is depend very much on the projected profit where I use 3:1 for RR. that is to say with 90 pips gain, a SL should be 30 pips but a SL not less than 15 pips is applied.


GBPUSD is short at 1.8910 pending on 19th Sep. tp at 1.8810.
  • #842
  • Sep 19, 2006 9:59am Sep 19, 2006 9:59am
Quoting MaXeY
Guys ur posts looks like we're in a chat room, lets only post charts here and chat here:
http://www.freejavachat.com/chat.php?chan=Mouteki
Maxey!
Please not to be selfish here. Many who trade 4 hour charts do so as we work at full time job also so cant be in chat room either - do we miss out then becaise if youre request? Thank you to all people who post and help us new traders to better understand. Please not to stop

Thanks to Mouteki as well
  • #843
  • Sep 19, 2006 10:02am Sep 19, 2006 10:02am
I went short on USDCHF even though the signal had not been properly given. Had a 35 pip gain unrealized. Then woke up this morning at -70 or so! Two mistakes made: (i) didn't execute at the proper time (afternoon), (ii) the signal had not been given properly (was greedy).

This morning, I long EURUSD after closing my USDCHF loss. Gained, very quickly, 49.9 pips. My lot size was much larger, so I'm actually went from $890 to $800 to $920 on my Oanda demo account.

The moral of the story: these setups only work in the morning at market open times, preferably 07:00 GMT and 12:00 GMT (obviously depends on pairs, I'm talking mostly EURUSD). Timing is absolutely critical. The proper signal across demand/supply is also very critical. That's why morning timings work best since they often hinge on news.
  • #844
  • Sep 19, 2006 10:05am Sep 19, 2006 10:05am
Quoting Digitaldean
Hi,

Yes I should have been more careful about the trend line it was totaly wrong.

I also went long on cable last night chart is attached, does that set up look ok to you guys?

Thanks for all your help

Dean
Dean, I also went long on this after first candle open north of the trend line break where your arrow is, but I got stopped out 2 candles later, obviously didn't have a big enough SL on. Seems like the trend really broke though next candle. I'm hoping that info about SL is posted soon, I've had a few losers that could have been winners had my stop not been triggered.

Any suggestions from the group on what's been working for you?

Thanks

Auric
  • #845
  • Sep 19, 2006 10:26am Sep 19, 2006 10:26am
hi..divinefund
are u still waiting for 8910?
how much SL?
i interest short too


thanks mouteki i like with ur great JOB



waskito
  • #846
  • Sep 19, 2006 10:26am Sep 19, 2006 10:26am
  •  TPO
  • | Joined Sep 2006 | Status: One Life, One Chance | 68 Posts
Quoting driftwood
Maxey!
Please not to be selfish here. Many who trade 4 hour charts do so as we work at full time job also so cant be in chat room either - do we miss out then becaise if youre request? Thank you to all people who post and help us new traders to better understand. Please not to stop

Thanks to Mouteki as well
Indeed, these threads are for people to discuss the system - a chat room is good for real-time trade calls, but useless for anyone not in the room at the time.
Many thanks,
-TPO.
  • #847
  • Sep 19, 2006 10:28am Sep 19, 2006 10:28am
Quoting Auric
Dean, I also went long on this after first candle open north of the trend line break where your arrow is, but I got stopped out 2 candles later, obviously didn't have a big enough SL on. Seems like the trend really broke though next candle. I'm hoping that info about SL is posted soon, I've had a few losers that could have been winners had my stop not been triggered.

Any suggestions from the group on what's been working for you?

Thanks

Auric
Bet small with larger SL. I extend my trend line into the future and set my SL a few pip below it. Mouteki places his SL 5 pip above/below the 61.8% fib line but I don't quite understand why he draw his fib line the way he does in his example because he picked two different point to for his high and low than what I had in mind.
  • #848
  • Sep 19, 2006 11:23am Sep 19, 2006 11:23am
Quoting driftwood
Maxey!
Please not to be selfish here. Many who trade 4 hour charts do so as we work at full time job also so cant be in chat room either - do we miss out then becaise if youre request? Thank you to all people who post and help us new traders to better understand. Please not to stop

Thanks to Mouteki as well
HUH !
am not selfish all i wanna is there's alot of posts here so recommended to discuss via chat and keep the posts for charts and explian !
i think u missunderstand me !
Charting Markets into the Future...MǎҖ€¥.
  • #849
  • Sep 19, 2006 11:23am Sep 19, 2006 11:23am
Those who find this approach interesting and profitable (as I do) might want to read The New Science Of Technical Analysis by Tom DeMark. I got it from my local library early this morning. Chaper one covers the basis of this method in great detail along with a few refinements not mentioned thus far.
Old Benjamin was right
  • #850
  • Sep 19, 2006 11:48am Sep 19, 2006 11:48am
Quoting MaXeY
HUH !
am not selfish all i wanna is there's alot of posts here so recommended to discuss via chat and keep the posts for charts and explian !
i think u missunderstand me !
Sorry if i do Maxey - just want as much learning as possible by here then i miss nothing i hope
Thanks to all

Peace
  • #851
  • Sep 19, 2006 11:58am Sep 19, 2006 11:58am
Quoting driftwood
Sorry if i do Maxey - just want as much learning as possible by here then i miss nothing i hope
Thanks to all

Peace
Peace
Charting Markets into the Future...MǎҖ€¥.
  • #852
  • Sep 19, 2006 12:05pm Sep 19, 2006 12:05pm
Lou, That was one of the first books I ever bought about trading... None of the other chapters are quite as good as the first though... I use his methods all the time... I did enjoy his Where's Waldo trading, though
Scott


Quoting Lou G
Those who find this approach interesting and profitable (as I do) might want to read The New Science Of Technical Analysis by Tom DeMark. I got it from my local library early this morning. Chaper one covers the basis of this method in great detail along with a few refinements not mentioned thus far.
  • #853
  • Sep 19, 2006 12:26pm Sep 19, 2006 12:26pm
Quoting Lou G
Those who find this approach interesting and profitable (as I do) might want to read The New Science Of Technical Analysis by Tom DeMark. I got it from my local library early this morning. Chaper one covers the basis of this method in great detail along with a few refinements not mentioned thus far.
can you write some good stuff from this book, or even post some intersting pages.

it might help us alot.
rover.
rover all the time
  • #854
  • Sep 19, 2006 12:28pm Sep 19, 2006 12:28pm
I think you would do better to open a new thread for that about a book review of it... Might be off topic in this one...



Quoting rover
can you write some good stuff from this book, or even post some intersting pages.

it might help us alot.
rover.
  • #855
  • Sep 19, 2006 12:31pm Sep 19, 2006 12:31pm
Quoting rover
can you write some good stuff from this book, or even post some intersting pages.

it might help us alot.
rover.
Don't be lazy. Go read the whole book yourself! jk. I almost went out and bought it but I decided I'm satisfied with what I already know. Plus I don't have time to read another book when I'm already studying for the GRE.
  • #856
  • Sep 19, 2006 12:42pm Sep 19, 2006 12:42pm
Has anybody put all the indicators into EA ?

Nices
  • #857
  • Sep 19, 2006 12:50pm Sep 19, 2006 12:50pm
Quoting nicesurf
Has anybody put all the indicators into EA ?

Nices
Yea but he wasn't willing to share it because it wasn't strickly following Mouteki method.
  • #858
  • Sep 19, 2006 1:44pm Sep 19, 2006 1:44pm
Nitman,

On the previous page, you mentioned that Mr. Mouteki uses 61.8 fib for setting stop loss. What picture are you referring to?

Thanks,

Bill
  • #859
  • Sep 19, 2006 2:03pm Sep 19, 2006 2:03pm
Quoting jarroo
Yes that's correct. From Mouteki 4 hour trendline doc " To find the second point of the demand line we look for the very next point of supporrt that has two candles to the left and two to the right that do not exceed the low of the support point. "

Jim
I would also emphasize the word "EXCEED". If one or all the candles to left or to right are same as the support point then IMHO it confirms the rule. Right?
  • #860
  • Sep 19, 2006 3:11pm Sep 19, 2006 3:11pm
Quoting nchosen
I would also emphasize the word "EXCEED". If one or all the candles to left or to right are same as the support point then IMHO it confirms the rule. Right?
Yes, I would agree with you. And, I believe, Tom DeMark would agree with you as well.

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