Mouteki Trading

Nigl

Your charts show a different price projection because you have a different
price feed, I guess, I use Alpari for mine.

Look at my attached chart and you will see that just after 19 September you had a large price spike, which does not show up on my chart, looking at your charts the price projection is correct for " your charts"

It seems that different charts (brokers) will give different results.

Regards

Jim

this chould help EJ_CandleTime.mq4

last post should have been for netthepips

posting at 2.am is not a good thing I guess.........lol

sorry guys

I am in the process of creating a forum directly associated with the "Mouteki" trading style. I will update soon with further information...

Love&Peace...
Moutekitrader

Draco,
I asked Mono to add the EJ_CandleTime_Blue to the Mouteki Indicator he originally posted. I thought it would be a great addition for those who are not able to be there every minute. I hope he gets it done soon.

Labrat407

Thank you Mouteki! Outstanding insight.

I have been working with the Tlatomi method with 4hr charts. In charting the Mouteki trend lines I am seeing a very good correlation. Un most cases I am getting entry signals on the same 4hr bar.

The Mouteki has the added value of givin a profit target which is very nice.

Thanks again for your excellent insifht and documentation!

Thanks

Hi Uphios
I have clarified this point in nchosen's thread, so have a read to help you deal with this problem.
The image showing support and resistance points is there to show how to choose the correct points for selecting Demand (support) and Supply (resistance) bars.
http://www.forexfactory.com/forexfor...3&postcount=14
Peter

If you believe in upwedge, it's gonna plunge... go short.

Hello Mouteki, might you be preparing more material for us? Or is what you have mentioned so far largely complete? Thanks!

Hi everyone,
First of all I would like to express my thanks to Mouteki for sharing such a simple and effective method with everyone.
I am fairly new to forex and only read about this method today, I have tested it on some data and it seems higly accurate.
Could someone please help me out and see if the lines I drew are correct?
the chart is the current e/u 4h chart.
thanks in advance for any help.
http://www.kalesh.net/forex/eu4h.gif

.

Here we have a very good system.

Thanks Mouteki for share your great system.

Coyan

Did I do this right? could someone please help?

http://i34.photobucket.com/albums/d130/bmwboyee/eur.gif

Hala everyone!

I've been following this thread from the beginning, although I think I've only contributed by posting once so far. I want to give a summary of my thoughts and responses to other people's concerns now. First off, this thread has helped me SO much. Thanks everyone for your help!

1. Indicators: I'm a fan of drawing the trendlines by hand. I think it's essential to do so in the beginning so you fully understand the concept. However, of all the indicators I've tried, there is one that works consistently and that is demark_trend_new. Someone posted it near the beginning of this thread but I'm reposting it here. I do, of course, check to make sure it draws the lines correctly and it has never been wrong.
2. To Jumper in post #1148: To paraphrase; you stated that you are not impressed w/ Mouteki's method and you posted your results. I think what you were trying to say in your "to be fair" section is that your results and your post are totally irrelevant since you clearly did not follow Mouteki's method (as you admitted).
3. Just walk away: this is a longer term system. As such, there are going to be more and larger fluctuations in price on the way to your price projection. If your nerves can't handle this then just walk away. Honestly and truly, you don't need to be at your computer 24/7 to trade this method. Just know what local time your new 4h candles open and check your charts and do your analysis just every 4 hours. You'll save money on the Pepto Bismol this way!

I decided to start trading this style on Wednesday evening. By Thursday evening I had amassed 327 pips. I decided that was all well and good so it was time to quit for the week. The method works folks... you just have to plan your trades and trade your plan. Stick to what works. Don't try to think too much for yourselves... be mechanical... a robot, if you will. Granted, there are certain things you can use in conjunction w/ the method for verification but if you're not 100% comfy w/ the Mouteki method altogether then just get to where you can trade that in your sleep before you begin to think about adding/removing from it.

Just my 2 cents!

Shukran!

8

bmwboyee,

Your set up is not correct. Your point A is not a vaild point. Look at the image below to see the correct points.

Great Post Toe!!!<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

I also thought Jumper's post was suspect. How can you criticize the Method being discussed and in the next sentence say your not really following it. <o></o>

No offence Jumper. You have been a great contributor to this thread.<o></o>

I did notice your results were based on a ton of JPY Crosses. My results have been excellent with Majors. (Following all of the Mouteki Rules) Horrible with the crosses. <o></o>

I will be taking notice of the Daily Charts as Scott suggested earlier in this thread when taking trades going forward. Looking at my losses I would have stayed out if I had factored in current price action on the daily.<o></o>

<o></o>

Joe<o></o>

Hi, everyone. Just thought I would highlight the timeframe/broker issue again.

The 2 charts are using the same indicator with the same settings. (Demark trend new). The first chart is with metaquotes and the second chart is using Moneytec server.

As you can see..two totally different signals.

This just shows that no matter what system you are using we are not all singing from the same song sheet.

A little worrying but I suppose you can only stick with one provider and trade off their charts.

Neil.

I noticed that in all of Mouteki's examples he is only trading the cable. Does he only trade the cable. someone said he only trades cable and the cable crosses. does anyone know for sure.

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His examples also include EUR/JPY.<o></o>

<o></o>

Personally over 2 weeks I haven’t had much luck on any crosses. Including EUR/JPY. But great success on the Majors. Especially GBP/USD.<o></o>