Jumper's journal of Mouteki trading | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone still trading Mouteki? 45 replies

Mouteki Trading System 3 replies

Nchosen's trades by Mouteki rules 153 replies

Favourable pairs for Mouteki trading... 7 replies

Kalesh's journal of Mouteki Trading 25 replies

Attachments: Jumper's journal of Mouteki trading
Exit Attachments

Jumper's journal of Mouteki trading

  • #21
  • Sep 22, 2006 12:50am Sep 22, 2006 12:50am
Alright, I've figured it out.

I will post using this new format below that still retains the aspect ratios. ^^
Attached Image
I am JuMPeR.
  • #22
  • Sep 22, 2006 3:08am Sep 22, 2006 3:08am
Long @ 149.27
TP @ 149.61
SL @ 148.93
Attached Image
I am JuMPeR.
  • #23
  • Edited 7:44am Sep 22, 2006 3:10am | Edited 7:44am
Trade failed.

Net gain: -34
Attached Image
I am JuMPeR.
  • #24
  • Sep 22, 2006 5:45am Sep 22, 2006 5:45am
Short @ 1.4272
TP @ 1.4227
SL @ 1.4317

N.B. Once again, this is taken off a 3h chart.
Attached Image
I am JuMPeR.
  • #25
  • Edited 10:12am Sep 22, 2006 5:46am | Edited 10:12am
Trade failed.

Net gain: -45
Attached Image
I am JuMPeR.
  • #26
  • Sep 22, 2006 6:59am Sep 22, 2006 6:59am
dont you mind please share the fractal indicator....i only have the default one provided by InterbankFX..not sure it is suitable or not
{Link Removed}]
  • #27
  • Sep 22, 2006 7:47am Sep 22, 2006 7:47am
Quoting kenari05
dont you mind please share the fractal indicator....i only have the default one provided by InterbankFX..not sure it is suitable or not
I am using the attached that is modified by mono. See if it's suitable for you.
Attached File(s)
File Type: mq4 Mouteki.mq4   20 KB | 525 downloads
I am JuMPeR.
  • #28
  • Sep 22, 2006 8:32am Sep 22, 2006 8:32am
I see that you also use oanda and the three hour charts they have. How is that working for you? I have yet to try it.
Cadillac Pippin
  • #29
  • Sep 22, 2006 8:47am Sep 22, 2006 8:47am
Quoting colnc
I see that you also use oanda and the three hour charts they have. How is that working for you? I have yet to try it.
I presume you are asking about Oanda/3h charts with relation to Mouteki trading? It's still too early for me to comment even if you ask me about 4h charts whose timeframe is what Mouteki recommended... so I can't answer this question. But if you were to force me to an answer, I would say 3h or 4h charts shouldn't really make any big difference for Mouteki trading.

If you were to ask me for trading in general, I would definitely prefer 4h to 3h -- simple reason that it should technically contain less noise. To be honest, I don't like it that Oanda doesn't provide 4h charts. I analyse using MT4's 4h charts and use Oanda charts to calculate the entry/exit values based on their candles. In case you haven't noticed, my Mouteki analysis is all done using MT4's charts -- those that I showed using Oanda are because those pairs are not provided in MT4 (InterbankFX Demo server). One exception is EUR/CAD -- I didn't realise MT4 had it until I entered the trade.
I am JuMPeR.
  • #30
  • Sep 22, 2006 11:25am Sep 22, 2006 11:25am
Hi,

Yes - i took the Euro-Yen trade as well @ loss of
38 pts !!!. This was my fourth Mouteki trade this
week-i'm trying to cherry pick the best, and my
P/L reads Usa/Yen +16, Euro/Usa -11,
Euro/Yen -38 and finally GB/USA +162( i quit this
trade to early).
Having seen Mouteki's own presentation of his GB/USA
trades i plan, from Monday onwards, to trade only
this currency pair. My reasoning is that since the
cable is the most frequently traded, then the High/Low
are slightly more reliable !!.
  • #31
  • Sep 22, 2006 11:45am Sep 22, 2006 11:45am
Quoting diminuendo
Hi,

Yes - i took the Euro-Yen trade as well @ loss of
38 pts !!!. This was my fourth Mouteki trade this
week-i'm trying to cherry pick the best, and my
P/L reads Usa/Yen +16, Euro/Usa -11,
Euro/Yen -38 and finally GB/USA +162( i quit this
trade to early).
Having seen Mouteki's own presentation of his GB/USA
trades i plan, from Monday onwards, to trade only
this currency pair. My reasoning is that since the
cable is the most frequently traded, then the High/Low
are slightly more reliable !!.
Hi, yup, you can do that, just trading the cable. But this trading style doesn't seem to be pair-specific so I am still trying to work out a way to filter the bad trades. Or hopefully Mouteki would come back to the thread and share with us the next step in his trading method -- is there? I sure hope so!
I am JuMPeR.
  • #32
  • Sep 22, 2006 12:34pm Sep 22, 2006 12:34pm
Thank you Jumper, this is the sort of thread that helps people feel confident with their efforts into this Forex world.

* Remember newbies.. do not rush into this. Demo trade for as long as needed. Trading isnt going anywhere... it has been around for thousands of years.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #33
  • Sep 22, 2006 12:47pm Sep 22, 2006 12:47pm
Quoting StockKJay
Thank you Jumper, this is the sort of thread that helps people feel confident with their efforts into this Forex world.

* Remember newbies.. do not rush into this. Demo trade for as long as needed. Trading isnt going anywhere... it has been around for thousands of years.
I am JuMPeR.
  • #34
  • Sep 23, 2006 1:01pm Sep 23, 2006 1:01pm
Hi Jumper,

Thanks for the posts on the Mot system. Any thoughts on why the EurCad trade went the way it did?
  • #35
  • Sep 24, 2006 3:09am Sep 24, 2006 3:09am
Quoting Pipkingdom
Hi Jumper,

Thanks for the posts on the Mot system. Any thoughts on why the EurCad trade went the way it did?
I can't comment fully since I don't have the next few bars -- but we do know that EUR/CAD closed @ 1.4285 on Friday and it is still possible that the price will drop and hit its initial projected target. But if you based it strictly on Mouteki method, then this is a failed trade because it has hit the SL point.

On another note, I wouldn't have taken this trade based on the filtering mechanism I am working on.

PS.: If we look at the 4h chart (since technically Mouteki method doesn't use 3h charts), this is also a failed trade.
Attached Image
I am JuMPeR.
  • #36
  • Sep 24, 2006 9:05pm Sep 24, 2006 9:05pm
Good effort, have you consider that this method works only certain pairs?
  • #37
  • Sep 24, 2006 11:23pm Sep 24, 2006 11:23pm
Long @ 0.6685
TP @ 0.6769
SL @ 0.6631
Attached Image
I am JuMPeR.
  • #38
  • Sep 24, 2006 11:24pm Sep 24, 2006 11:24pm
--- post reserved for nzd/usd aftermath ---
I am JuMPeR.
  • #39
  • Sep 24, 2006 11:27pm Sep 24, 2006 11:27pm
Quoting AbgZuhaini
Good effort, have you consider that this method works only certain pairs?
Yes I have, but I am inclined to think that this should be generic enough to work across the board - since all currency pairs are traded by the same sentient beings called human. I won't bet my life that I am right though.
I am JuMPeR.
  • #40
  • Sep 24, 2006 11:47pm Sep 24, 2006 11:47pm
enjoying your posts jumper...i believe most pairs can use this method but have found that certain pairs(usd/jpy mostly) give more falses due to the chop....just MHO

a side question...was wondering if any of the MT4 platforms have the NZD pairs?? so i can follow along better...

thanks

Michael
1 trader viewing now