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Mouteki Trading

  • #901
  • Sep 20, 2006 7:34am Sep 20, 2006 7:34am
Quoting capsmart
Excellent work Mouteki
Thank you for your help
Keep Walking (and trading)
Regards
Ellinas kai esi? Apo pou eisai filaraki? Xairomai pou mborw na se boithiso!!!
  • #902
  • Sep 20, 2006 7:44am Sep 20, 2006 7:44am
Quoting moutekitrader
Ellinas kai esi? Apo pou eisai filaraki? Xairomai pou mborw na se boithiso!!!
What language is this? Or would you care to translate?
  • #903
  • Sep 20, 2006 7:52am Sep 20, 2006 7:52am
Quoting smjones
What language is this? Or would you care to translate?
Looks Greek, don't know what it means though.

Is the latest 4hr cable bar a valid entry point? On FXCM's chart the supply line is broken AND the open was above the line too, does this qualify or should we wait for the next bar to confirm? Looked through the examples kindly posted by Moutaki and can't find an instance of this to refer to.

Moutaki, i'd like to add my thanks to the list. Your sharing of the method and work on the thread is admirable and humbling.

sincerely
chow
  • #904
  • Sep 20, 2006 7:56am Sep 20, 2006 7:56am
Hi Moutaki

Your system looks great! I am busy working through all the pages but I cannot find some back tested or real time results anywhere.

Is it possible for someone to give me ab idea of the actual profitability of the system?

Thanks!
  • #905
  • Sep 20, 2006 8:15am Sep 20, 2006 8:15am
Quoting moutekitrader
Ellinas kai esi? Apo pou eisai filaraki? Xairomai pou mborw na se boithiso!!!
what chart do u use?
{Link Removed}]
  • #906
  • Sep 20, 2006 8:20am Sep 20, 2006 8:20am
First thanks Mouteki,

Your trades for July are GOLD! Of particular value are seeing losses. It's like a real system

I have a question about trade no. 1 (OK I may have a question about every trade but I have't micro analysed them all yet). If my question is a result of misunderstanding an aspect of the system someone tell me.

If you look at the attached picture (page 4 part 1) I have added your supply line in aqua from the previous slide. At the time the circled bar is above the supply line, the aqua supply line is THE supply line, it isn't until the next bar closes that supply line changes.

Hence as far as I understand, price has opened above the supply line which should be a signal to close the short trade and open a long trade. It hasn't happened. Why not?

Now I will go back to trying to be patient.


SilverB
Attached Image
In trading you are only as smart as your dumbest mistake. - Ralph Vince
  • #907
  • Sep 20, 2006 8:27am Sep 20, 2006 8:27am
With all of the indicators posted for the trendlines do any of them correctly plot the trendlines according to Mouteki system? Most of the time plotting the trendlines are cut and dry but sometimes I feel like I am doing them completely wrong. When I see someone post a screenshot of their charts I am thinking to myself thats not how I would have done them. Does anyone who owns Tom DeMark's The New Science of Technical Analysis book does it explain how to plot the lines in detail and would you recommend getting the book?
  • #908
  • Sep 20, 2006 8:32am Sep 20, 2006 8:32am
Guys,
First, thanks to all for the contribution.

I'm using North Finance for my live acct and Interbank Fx for my demo.
Eventhough both are using MT4, but they giving two different signal n I just not sure which to follow.

Anybody might face same problem, hope don't mind to share.

Tq.
Shah For every action there is an equal and opposite reaction.....
  • #909
  • Sep 20, 2006 8:35am Sep 20, 2006 8:35am
Quoting smjones
What language is this? Or would you care to translate?
It is Greek, it translates to: Are you Greek too? Where are you from buddy? Glad I could help..

Im Greek too...
  • #910
  • Sep 20, 2006 8:40am Sep 20, 2006 8:40am
Quoting Benna
Hi Moutaki

Your system looks great! I am busy working through all the pages but I cannot find some back tested or real time results anywhere.

Is it possible for someone to give me ab idea of the actual profitability of the system?

Thanks!
Profitability is about 50% of the time maybe 60.
  • #911
  • Sep 20, 2006 8:48am Sep 20, 2006 8:48am
Quoting jd442
With all of the indicators posted for the trendlines do any of them correctly plot the trendlines according to Mouteki system? Most of the time plotting the trendlines are cut and dry but sometimes I feel like I am doing them completely wrong. When I see someone post a screenshot of their charts I am thinking to myself thats not how I would have done them. Does anyone who owns Tom DeMark's The New Science of Technical Analysis book does it explain how to plot the lines in detail and would you recommend getting the book?
The indicators are not right 100% of the time. It tend to plot the latest low/high and not wait for the next two bar to open or just completely wrong because previous trend lines are in action.
  • #912
  • Sep 20, 2006 8:49am Sep 20, 2006 8:49am
Thanks...



Quoting sertio
It is Greek, it translates to: Are you Greek too? Where are you from buddy? Glad I could help..

Im Greek too...
  • #913
  • Sep 20, 2006 9:14am Sep 20, 2006 9:14am
Quoting Panjan
Guys,
First, thanks to all for the contribution.

I'm using North Finance for my live acct and Interbank Fx for my demo.
Eventhough both are using MT4, but they giving two different signal n I just not sure which to follow.

Anybody might face same problem, hope don't mind to share.

Tq.
exactly happen to me as well
{Link Removed}]
  • #914
  • Sep 20, 2006 9:21am Sep 20, 2006 9:21am
I think the person who asked the question about how to trade around the news spikes made a very valid point.

Because alot of the time I see where the price shot up/down, due to a news event and this price spike broke the trend line. After that bar closed the new bar has now opened where the spike left off.

Would you treat that as a valid trend line break and trade this?
  • #915
  • Sep 20, 2006 9:26am Sep 20, 2006 9:26am
Damn it! While looking at Mouteki's powerpoint, I missed a perfect setup for BGX! Anywho, I enjoyed the presentation and I'm glad to see some losses shown. I personally move down to 1H chart to monitor my open trades. I think those losses could have been prevented or at least minimized it. But I think the point was to show that this method is not perfect. I'll be waiting for more releases as I fine tune this method to my own. Look out for NIT_4H method in the near future!

Happy trading everyone!
  • #916
  • Sep 20, 2006 9:29am Sep 20, 2006 9:29am
Quoting moutekitrader
Part 2...Sorry it was to big to post as one document...
Mouteki THANKS!!! It is great to see how much is possible with your system. Also it shows you don't hide anything by showing the trades that get stopped out as well.

Thanks for all your time to teaching and mentoring us.
  • #917
  • Sep 20, 2006 9:33am Sep 20, 2006 9:33am
Thanks for posting the slides Mouteki. It cleared up a confusion I had but didn't think I had.

I was taking highest high to mean furthest distance from the line - for some reason - which is different from highest high - this is much more precise than I thought at first.

Also. I see what you mean about "flow". Great info.
  • #918
  • Sep 20, 2006 9:53am Sep 20, 2006 9:53am
Can the indicator that draws the trendlines be trusted?
  • #919
  • Sep 20, 2006 10:10am Sep 20, 2006 10:10am
Quoting forexpips
Can the indicator that draws the trendlines be trusted?
In my experience: No
  • #920
  • Sep 20, 2006 10:12am Sep 20, 2006 10:12am
Hello,

Could some kind shoot me a pdf of the "stop loss application" and "gbp/usd trades" that Mouteki posted this morning. Having trouble with my adobe. i actually submitted a conversion but have not received it yet. does it come thru email. how long does it take. does anyone know? thanks
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