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Mouteki Trading

  • #981
  • Sep 21, 2006 3:49am Sep 21, 2006 3:49am
Current long GBP/USD trade target I have at 1.9036.

161.8 Fib expansion at 1.9032.

VERY interesting.

Anyone else noticed this correlation?


Neil.
  • #982
  • Sep 21, 2006 3:56am Sep 21, 2006 3:56am
Hi Neil,


Yeah I am on the same trade- I have noticed the correlation on several trades...
  • #983
  • Sep 21, 2006 3:57am Sep 21, 2006 3:57am
thanks a lot MR. Mouteki
one question master..
what pairs do you trade with your methode that good profitable performance?
and how to choose that price will break suply or demand?
thanks a lot master...
good JOB
  • #984
  • Sep 21, 2006 3:59am Sep 21, 2006 3:59am
Quoting Neilg36
Current long GBP/USD trade target I have at 1.9036.

161.8 Fib expansion at 1.9032.

VERY interesting.

Anyone else noticed this correlation?


Neil.
in my H4 chart...there is supply line below 19000 level...i am looking for 1.8970-90 to enter short...
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  • #985
  • Sep 21, 2006 4:07am Sep 21, 2006 4:07am
Quoting Jarret
Hi Neil,


Yeah I am on the same trade- I have noticed the correlation on several trades...

Yes, Similar results with the USD/CHF short too.


Neil.
  • #986
  • Sep 21, 2006 4:14am Sep 21, 2006 4:14am
Quoting mono
Hi Guys


Here the modified TDTL indicator, doing the Mouteki.

Let me know what you think or any bugs.
Hello mono, I am having 2 little problems with this indicator. Is there any way to rectify them?

Problem #1: The projected profit value is largely correct but the targeted price is wrong because it adds/subtracts from the breakaway of trend instead of from the open of the first outside candle. Occasionally the projected profit value is wrong too because the low/high used is part of the consolidation and should be ignored, according to Mouteki.

Problem #2: I am mildly irritated by the way the alert box keeps popping up. Is there a way we can "acknowledge" it so that once we press e.g. "Ok", then the alert will not appear unless there is a newer different signal? Moreover, the alert is activated when price falls out of demand/supply line -- not when there is a valid open outside of demand/supply line as should be preferred.
Attached Image
I am JuMPeR.
  • #987
  • Sep 21, 2006 6:43am Sep 21, 2006 6:43am
Hi Mouteki,

I have been thinking about this method and it occurred to me that if you plot the daily trend lines on the same chart as well, when price breaks through the 4 hour trend line and is also going the same direction as the daily trendline, you would have a very strong signal and probably a greater chance of price reaching the 4 hour price projection...

Just a Thought.. scott
  • #988
  • Sep 21, 2006 7:43am Sep 21, 2006 7:43am
Quoting smjones
Hi Mouteki,

I have been thinking about this method and it occurred to me that if you plot the daily trend lines on the same chart as well, when price breaks through the 4 hour trend line and is also going the same direction as the daily trendline, you would have a very strong signal and probably a greater chance of price reaching the 4 hour price projection...

Just a Thought.. scott
Hi Scott,

Please paste a chart with an example of what you mean. Thanks.
  • #989
  • Sep 21, 2006 7:52am Sep 21, 2006 7:52am
Hey Scott,


I was thinking along thoses lines myself....what is that about great minds.
  • #990
  • Sep 21, 2006 7:58am Sep 21, 2006 7:58am
Here is the daily and the 4 hour. When the 4 hour aligns with the daily, price explodes
Attached Images
  • #991
  • Sep 21, 2006 8:00am Sep 21, 2006 8:00am
just curious! I use GuppyMMA ....
  • #992
  • Sep 21, 2006 8:26am Sep 21, 2006 8:26am
http://img81.imageshack.us/img81/962/moutekiny8.jpg
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  • #993
  • Sep 21, 2006 8:30am Sep 21, 2006 8:30am
Quoting smjones
Hi Mouteki,

I have been thinking about this method and it occurred to me that if you plot the daily trend lines on the same chart as well, when price breaks through the 4 hour trend line and is also going the same direction as the daily trendline, you would have a very strong signal and probably a greater chance of price reaching the 4 hour price projection...

Just a Thought.. scott
So to get this clear...Once price opens above 4hr trendline, check to see if the price direction is the same as the daily trendline, if so, you believe that the price projection has a better chance of being reached, than if it was going the opposite direction of the daily trendline?
Nothing is hard, some things just take more time and discipline.
  • #994
  • Sep 21, 2006 8:32am Sep 21, 2006 8:32am
Quoting mrkam
just curious! I use GuppyMMA ....

I personally use a 5ema/9sma cross...but that is not stated in Mouteki's system, just my personal preference
Nothing is hard, some things just take more time and discipline.
  • #995
  • Sep 21, 2006 8:35am Sep 21, 2006 8:35am
Quoting NipthePips
I personally use a 5ema/9sma cross...but that is not stated in Mouteki's system, just my personal preference
Im a little bit confused as to why you would use a lagging indicator to confirm what price is telling you? Just my 2 cents.
  • #996
  • Sep 21, 2006 8:39am Sep 21, 2006 8:39am
BINGO!! Yes, I believe that is trading a reversal method with the greater trend... So you have the best of both. and you are assured of buying the dips and selling the tops. Scott

Quoting NipthePips
So to get this clear...Once price opens above 4hr trendline, check to see if the price direction is the same as the daily trendline, if so, you believe that the price projection has a better chance of being reached, than if it was going the opposite direction of the daily trendline?
  • #997
  • Sep 21, 2006 8:42am Sep 21, 2006 8:42am
A lagging indicator is more "conservative" in that light... indicates (possibly) already in place... then, if our break signals, (again, possibly) we have a higher probability trade going with a trend than against it...

(Maybe???)
  • #998
  • Sep 21, 2006 8:47am Sep 21, 2006 8:47am
Quoting mrkam
A lagging indicator is more "conservative" in that light... indicates (possibly) already in place... then, if our break signals, (again, possibly) we have a higher probability trade going with a trend than against it...

(Maybe???)
OK..just wondering in what way you were using it. Cheers!
  • #999
  • Sep 21, 2006 8:59am Sep 21, 2006 8:59am
Quoting Zuke
Im a little bit confused as to why you would use a lagging indicator to confirm what price is telling you? Just my 2 cents.

Quoting mrkam
A lagging indicator is more "conservative" in that light... indicates (possibly) already in place... then, if our break signals, (again, possibly) we have a higher probability trade going with a trend than against it...

(Maybe???)
That is exactly right...It confirms that the trend is already reversing, so once it breaks target you are sure that it is going to continue in that direction.


Conservative maybe...but its not like its lagging by days, just a bar or so
Nothing is hard, some things just take more time and discipline.
  • #1,000
  • Sep 21, 2006 10:09am Sep 21, 2006 10:09am
Dont use indicators if you're trading this system. You dont need them for this system. If you're going to trade using Indicators then use your indicators but if you let indicators get in the way of Mouteki's trades then you won't be trading his system and it will be diluted. Indicators are way tooo over rated.
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