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Mouteki Trading

  • #1,001
  • Sep 21, 2006 8:31am Sep 21, 2006 8:31am
I think there is a buy developing on the USD/CHF if you guys wanna check it out. Next Candle might initiate it.
  • #1,002
  • Sep 21, 2006 8:47am Sep 21, 2006 8:47am
Quoting DeCairo
I think there is a buy developing on the USD/CHF if you guys wanna check it out. Next Candle might initiate it.
.. and on USD/JPY too.
  • #1,003
  • Sep 21, 2006 8:57am Sep 21, 2006 8:57am
After studying all Mouteki's PPs (great job!) still something is not clear for me. Look at the chart of EUR/GBP please. There are two possible points to make price projection from. Which one to choose? The lowest one (yellow cross) or the one in between two points of supply line (red cross)?
Please, Mouteki or someone else who knows!
Thank you
Attached Image
  • #1,004
  • Sep 21, 2006 8:58am Sep 21, 2006 8:58am
Quoting milan47
Missed this one....
Sorry, the chart didn't upload ... USDCAD is smoking...
  • #1,005
  • Sep 21, 2006 9:01am Sep 21, 2006 9:01am
I've gone through the whole thread and was following it from page 28 or so. Nice job, thank you Mouteki.

Going with the daily TL is an excellent idea, works 75% of the time.
Trax Tibidax Tibidox...
  • #1,006
  • Sep 21, 2006 9:21am Sep 21, 2006 9:21am
Well..nice one again Mr. Mouteki.

Just closed this trade for 131 pips.

A bit before the calculated target..don't want to be greedy do we?

Neil.
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  • #1,007
  • Sep 21, 2006 9:28am Sep 21, 2006 9:28am
Quoting Neilg36
Well..nice one again Mr. Mouteki.

Just closed this trade for 131 pips.

A bit before the calculated target..don't want to be greedy do we?

Neil.
I just closed out as well, +138 pips.
  • #1,008
  • Sep 21, 2006 9:51am Sep 21, 2006 9:51am
Quoting JBB
After studying all Mouteki's PPs (great job!) still something is not clear for me. Look at the chart of EUR/GBP please. There are two possible points to make price projection from. Which one to choose? The lowest one (yellow cross) or the one in between two points of supply line (red cross)?
Please, Mouteki or someone else who knows!
Thank you
Use the most current one which would be the yellow one.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #1,009
  • Sep 21, 2006 9:52am Sep 21, 2006 9:52am
... as a couple may be triggering soon? then run your stops per moutaki, move to +10p at +40p, 25p trailing at +65p?
  • #1,010
  • Sep 21, 2006 9:54am Sep 21, 2006 9:54am
Hi,

I did not even thought this earlier, but had one comment when posting my trades at Journal. Does the demand line have to be sloping up and supply line down to be valid by Mouteki rules?

Thanks.
  • #1,011
  • Sep 21, 2006 9:56am Sep 21, 2006 9:56am
nice job on the gbp/usd guys
  • #1,012
  • Sep 21, 2006 9:58am Sep 21, 2006 9:58am
You know that is an interesting question, because in Tom DeMark's he is quite clear that a demand line slopes up, and a supply slopes down... I have gone back and reread Mouteki's docs a few times and he does not actually say one way or the other, so, I would say Mouteki will have to answer this one... Scott



Quoting nchosen
Hi,

I did not even thought this earlier, but had one comment when posting my trades at Journal. Does the demand line have to be sloping up and supply line down to be valid by Mouteki rules?

Thanks.
  • #1,013
  • Sep 21, 2006 10:04am Sep 21, 2006 10:04am
Quoting smjones
You know that is an interesting question, because in Tom DeMark's he is quite clear that a demand line slopes up, and a supply slopes down... I have gone back and reread Mouteki's docs a few times and he does not actually say one way or the other, so, I would say Mouteki will have to answer this one... Scott
I thought he did answer this question in the Doc :
"When choosing the points to create a demand line we are focusing on points of support. True points of support are only those which low has two candles to the left of it and two candles to the right of it which lows do not exceed the low you are using. "

The opposite for the supply line.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #1,014
  • Sep 21, 2006 10:06am Sep 21, 2006 10:06am
Could someone answer my question in post 1002 please.

Thank you
  • #1,015
  • Sep 21, 2006 10:09am Sep 21, 2006 10:09am
Quoting smjones
You know that is an interesting question, because in Tom DeMark's he is quite clear that a demand line slopes up, and a supply slopes down... I have gone back and reread Mouteki's docs a few times and he does not actually say one way or the other, so, I would say Mouteki will have to answer this one... Scott
I don't know but here is a quote copied from Mouteki's first document. The bold part seems to imply to me that the slope of the demand line must be up and the slope of the supply line must be down. Just MHO

Jimmy

"Supply and demand create price movement. Specifically, should supply exceed demand, price declines; conversely should demand exceed supply, price advances. This is the basic economic theory accepted by all traders that creates the market. In order to illustrate this we construct an ascending line to represent demand and a descending line to represent supply."
  • #1,016
  • Sep 21, 2006 10:11am Sep 21, 2006 10:11am
Yes, I can see your point, but I would read that as the two candles of the swing low point one is using. I do not see where this addresses the second swing low point to the left of the most recent. Whether it needs to be lower than the most recent. I personally think it must be lower for a demand line, but I am not convinced that Mouteki has made this clear.

Scott


Quoting jarroo
I thought he did answer this question in the Doc :
"When choosing the points to create a demand line we are focusing on points of support. True points of support are only those which low has two candles to the left of it and two candles to the right of it which lows do not exceed the low you are using. "

The opposite for the supply line.

Jim
  • #1,017
  • Sep 21, 2006 10:12am Sep 21, 2006 10:12am
Here is a quote from the Trend Line doc Mouteki posted. I believe its from page 7:

Trend line projections give the trader the best overall view of where the market will be going. In the above examples we have discussed demand lines and the downside price projections once the demand line is broken. In the next section we will discuss supply lines and the upside projections that are created from supply line breaks.

Hope this helps...
"Loss and failure are inevitable but misery is optional"
  • #1,018
  • Sep 21, 2006 10:13am Sep 21, 2006 10:13am
Bingo! Yes you are right. There it is written in the official record. Thanks much, Scott


Quoting dangerman
I don't know but here is a quote copied from Mouteki's first document. The bold part seems to imply to me that the slope of the demand line must be up and the slope of the supply line must be down. Just MHO

Jimmy

"Supply and demand create price movement. Specifically, should supply exceed demand, price declines; conversely should demand exceed supply, price advances. This is the basic economic theory accepted by all traders that creates the market. In order to illustrate this we construct an ascending line to represent demand and a descending line to represent supply."
  • #1,019
  • Sep 21, 2006 10:13am Sep 21, 2006 10:13am
Quoting JBB
Could someone answer my question in post 1002 please.

Thank you
See post 1007.

Use the most current one.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #1,020
  • Sep 21, 2006 10:15am Sep 21, 2006 10:15am
Quoting smjones
You know that is an interesting question, because in Tom DeMark's he is quite clear that a demand line slopes up, and a supply slopes down... I have gone back and reread Mouteki's docs a few times and he does not actually say one way or the other, so, I would say Mouteki will have to answer this one... Scott
Actually, I have to mentally do a switch when I think about demand/supply line here -- my foundation in economics tells me that it is supply line that is upward sloping, and demand line that is downward sloping... But then again in economics, we plot them on Price-Quantity axis.
I am JuMPeR.
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