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Mouteki Trading

  • #1,661
  • Sep 27, 2006 4:07pm Sep 27, 2006 4:07pm
Well I went short just because of the comments made my the nzd finance minister. But Mouteki now shows a sell as well. However just so you know, nzd/usd (before mouteki) has screwed me over BIG time TWO times in a row, so I thought I would never trade it again. Let's hope 3 times isn't a charm...
  • #1,662
  • Sep 27, 2006 4:07pm Sep 27, 2006 4:07pm
Quoting llambert3
Ah, somebody has questioned Mouteki about the slope. I am fairly sure the demand line is an upward slope. Look at all of Mouteki's examples and show me one that is a downward one. This doesn't mean I am right. I think the words he says about each trend line makes it this way, but not sure. Have to go to bed now or I'd look it up. Maybe somebody else can comment.
Please refer to this reply I posted earlier, and if in any doubt, re-read Mouteki's manual.

http://www.forexfactory.com/forexfor...3&postcount=14

Demand line must slope up - Supply line must slope down
  • #1,663
  • Sep 27, 2006 4:09pm Sep 27, 2006 4:09pm
Quoting ART_1_
i exited the long usd/chf for 69pips. the reason why closed this position is the new demand line.

EDIT: i made the screenshot 5min to early : .as i made the screenshot the first point wasnt valid becos the last candle didnt close. but now its valid
Well that candle is still working on our time zone until 8pm eastern (US) time.
  • #1,664
  • Sep 27, 2006 4:14pm Sep 27, 2006 4:14pm
wonder why my chart is diff. i have eght bars across bottom. u have nine. also different lines
Attached Image
  • #1,665
  • Sep 27, 2006 4:16pm Sep 27, 2006 4:16pm
ART,

You exited with +69?

If so, I don't see how that was possible on this trade.

Please let me know what I'm missing?
  • #1,666
  • Sep 27, 2006 4:27pm Sep 27, 2006 4:27pm
Quoting sonvolt10
ART,

You exited with +69?

If so, I don't see how that was possible on this trade.

Please let me know what I'm missing?
I guess it's because different broker, I got buy in this pair since 12 hours before.
  • #1,667
  • Sep 27, 2006 4:40pm Sep 27, 2006 4:40pm
Quoting sonvolt10
ART,

You exited with +69?

If so, I don't see how that was possible on this trade.

Please let me know what I'm missing?

yes its becos of the different broker times. at the moment i have installed 4 broker platforms which all have different timezones,so i can see all possible 4hour setups. my entry was on gmt time (interbank) chart but my exit was on gmt+3 (fxdd) chart. i will see in the next time if i should only stick to one timeframe and not to four...
Attached Image
  • #1,668
  • Edited 7:16pm Sep 27, 2006 4:47pm | Edited 7:16pm
Here is another spreadsheet that I've been using. Your input is in blue. Everything else is output. The SL calculation already takes into account if the projection is greater than or less than 90 pips. The only thing this doesn't take into account is the spread. There is a column for spread, but it's just for info only. It provides no real input.

Also, the direction column is actually a drop down. Use it as an input as well.

This only has the pairs that I trade. You can of course modify it to suit you!

Peace,

8
Attached File(s)
File Type: zip MoutekiCalculations.zip   6 KB | 1,085 downloads
  • #1,669
  • Sep 27, 2006 4:57pm Sep 27, 2006 4:57pm
Use this thread to post current Aud/Nzd trades and potential setups.
  • #1,670
  • Sep 27, 2006 4:58pm Sep 27, 2006 4:58pm
I thought we shorted GBP/USD last night/this morning.


Quoting 8toenails
Here is another spreadsheet that I've been using. Your input is in blue. Everything else is output. The SL calculation already takes into account if the projection is greater than or less than 90 pips. The only thing this doesn't take into account is the spread. There is a column for spread, but it's just for info only. It provides no real input.

Also, the direction column is actually a drop down. Use it as an input as well.

This only has the pairs that I trade. You can of course modify it to suit you!

Peace,

8
  • #1,671
  • Sep 27, 2006 5:10pm Sep 27, 2006 5:10pm
Oke, just got new signal, sell on this pair. start @1.2438 TP 48 pips
  • #1,672
  • Sep 27, 2006 5:17pm Sep 27, 2006 5:17pm
Quoting heriyadi
Oke, just got new signal, sell on this pair. start @1.2438 TP 48 pips
can you please post a chart? I can't see how you could get a sell yet, even with time zone differences, but it is possible. I would like to see what you are seeing please.
  • #1,673
  • Sep 27, 2006 5:18pm Sep 27, 2006 5:18pm
ok im getting confused, buy or sell signal? at first you guys said, buy, now before it reaches its goal you say change sell??? can someone help a newb out?
Egyptian and proud of it!
  • #1,674
  • Sep 27, 2006 5:22pm Sep 27, 2006 5:22pm
Quoting g-dogg
ok im getting confused, buy or sell signal? at first you guys said, buy, now before it reaches its goal you say change sell??? can someone help a newb out?
it is the time zone differences and the 4hour on them. Ours still has the buy with a 70pip s/l... If it hits, oh well, we can mark it as a loss and move on OR if at 8:00pm eastern the price opens at 1.2436 or lower, a new sell signal has started and I will close my position and most likely PASS. This is all assuming the current 4h candle does not go lower or higher than the main low candle.
  • #1,675
  • Sep 27, 2006 5:25pm Sep 27, 2006 5:25pm
Use this thread to post current Eur/Chf trades and potential setups.
  • #1,676
  • Sep 27, 2006 5:25pm Sep 27, 2006 5:25pm
  •  TPO
  • | Joined Sep 2006 | Status: One Life, One Chance | 68 Posts
Quoting ART_1_
in the metatrader platform you can find an indicator which is called "fractals". it will show you those candles which are important for mouteki trading.

Note - this is not always in line with the Mouteki criteria...

-TPO.
  • #1,677
  • Sep 27, 2006 5:29pm Sep 27, 2006 5:29pm
Got new signal to buy long in e/u.
Well I still don't check if this is work in Asia market, so far I got minus -5 from starting. After got enough decent profit yesterday, I guess I can go long in here.
  • #1,678
  • Sep 27, 2006 5:39pm Sep 27, 2006 5:39pm
Quoting llambert3
it is the time zone differences and the 4hour on them. Ours still has the buy with a 70pip s/l... If it hits, oh well, we can mark it as a loss and move on OR if at 8:00pm eastern the price opens at 1.2436 or lower, a new sell signal has started and I will close my position and most likely PASS. This is all assuming the current 4h candle does not go lower or higher than the main low candle.

hi llambert3,

i am a littl bit confused. what do you mean with:"ours still has the buy..." , i think the time on your chart(brokers timezone) is the one which matters and not the timezone where you live. he can live in usa but use a broker with another timeframe...
only trying to understand...
  • #1,679
  • Sep 27, 2006 5:48pm Sep 27, 2006 5:48pm
ok, i just cut my losses and sold at a -15 pip, btw i am using oanda
Egyptian and proud of it!
  • #1,680
  • Sep 27, 2006 6:24pm Sep 27, 2006 6:24pm
Quoting llambert3
can you please post a chart? I can't see how you could get a sell yet, even with time zone differences, but it is possible. I would like to see what you are seeing please.
Ok finnaly I got info how to put picture, hope it's success.
I'm using fibo group chart.

http://i77.photobucket.com/albums/j5...adi/usdchf.jpg
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