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GBP/CHF

  • #1
  • First Post: Sep 28, 2006 12:17am Sep 28, 2006 12:17am
For pound/swissy trades and setups...
  • #2
  • Sep 28, 2006 12:18am Sep 28, 2006 12:18am
GBPCHF SHORT:
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  • #3
  • Sep 28, 2006 12:42am Sep 28, 2006 12:42am
Mr Kent
This one of my pairs....I think it works well with this method. Once again we look at things differently, I got short yesterday @ 2.3557, would have hit stop already but I moved it down...and justly so according to your chart
  • #4
  • Sep 28, 2006 12:50am Sep 28, 2006 12:50am
Quoting Jarret
Mr Kent
This one of my pairs....I think it works well with this method. Once again we look at things differently, I got short yesterday @ 2.3557, would have hit stop already but I moved it down...and justly so according to your chart
Nice trade Jarret!

I contemplated going short yesterday, but had all this ZONE hoopla in my head and hesitated with the trigger.

I think the pound pairs are especially sensitive to Mouteki, for whatever reason.

What does your avatar mean? It is beautiful!
  • #5
  • Sep 28, 2006 12:54am Sep 28, 2006 12:54am
Damn! This one looks nice too! But I am already involved with 8 pairs... :/
I am JuMPeR.
  • #6
  • Sep 28, 2006 1:00am Sep 28, 2006 1:00am
Thanks man....means love
  • #7
  • Sep 28, 2006 1:19am Sep 28, 2006 1:19am
Quoting Jarret
trading partner- hell yeah!

sounds great man...I am very new to this FX trading- two months of away from the demos...holding my own. As for this method-it has given me a lot more confidence in my trading...it is tidy ,I like to where I am going ( exits) and it gets me reading the price action more instead trying to rely on indicators.
Exactly!

My charts are so clean now, I can't look at stochs, and RSI, and MACD's anymore. Just noise now. Funny because a month ago I couldn't make a move without them. Perspective huh. Check your PM.
  • #8
  • Sep 28, 2006 1:52am Sep 28, 2006 1:52am
This pair has a lot of potential. It responds rather well to the mouteki method. I have become a full time trader of it.
http://img90.imageshack.us/img90/420/gbpchfdt6.png
  • #9
  • Sep 28, 2006 1:58am Sep 28, 2006 1:58am
I love Mouteki Trading!!!

THANK YOU SIR!
Quoting moutekitrader
This pair has a lot of potential. It responds rather well to the mouteki method. I have become a full time trader of it.
http://img90.imageshack.us/img90/420/gbpchfdt6.png
  • #10
  • Sep 28, 2006 2:01am Sep 28, 2006 2:01am
Quoting moutekitrader
This pair has a lot of potential. It responds rather well to the mouteki method. I have become a full time trader of it.
Very nice... I must pay attention to this pair in future. Waiting to catch the next signal.
I am JuMPeR.
  • #11
  • Sep 28, 2006 8:07am Sep 28, 2006 8:07am
Quoting Horace Kent
I love Mouteki Trading!!!

THANK YOU SIR!
Moutekitrader might be using -1GMT or -2GMT chart...
{Link Removed}]
  • #12
  • Sep 28, 2006 5:04pm Sep 28, 2006 5:04pm
Quoting Horace Kent
I love Mouteki Trading!!!

THANK YOU SIR!
Enough Said, thanks Mouteki!!
  • #13
  • Sep 29, 2006 9:31am Sep 29, 2006 9:31am
According to the Mouteki system, once the demand line can no longer be drawn north of a horizontal line,180 degrees, then there is no question of getting a signal to go short. Is this correct?
  • #14
  • Sep 29, 2006 9:47am Sep 29, 2006 9:47am
For those of you trading GBP/JPY, why do you trade this pair? It's a 94% correlation.

I would suggest only trading those pairs that are not correlated whatsoever in order to reduce your risk.
Mr. Trend
  • #15
  • Sep 29, 2006 9:47am Sep 29, 2006 9:47am
Quoting navadwipa
According to the Mouteki system, once the demand line can no longer be drawn north of a horizontal line,180 degrees, then there is no question of getting a signal to go short. Is this correct?
Hi,

I for one don't understand your question at all. Do you have an example of what you mean? Sorry.
  • #16
  • Sep 29, 2006 9:56am Sep 29, 2006 9:56am
Quoting Mr Trend
For those of you trading GBP/JPY, why do you trade this pair? It's a 94% correlation.

I would suggest only trading those pairs that are not correlated whatsoever in order to reduce your risk.
Hey Mr Trend, I was just thinking the same thing. Going through the records of my past trades, I have noticed that, while looking for signals on various pairs, I usually get cought up in those signals and end up taking trades in highly corelated pairs, so one will go into profit and the other, related one, will go into loss. From next week I am going to consider correltaions also, before taking a trade. I believe this will make them even more profitable.

-branac
  • #17
  • Sep 29, 2006 10:05am Sep 29, 2006 10:05am
Quoting Mr Trend
For those of you trading GBP/JPY, why do you trade this pair? It's a 94% correlation.

I would suggest only trading those pairs that are not correlated whatsoever in order to reduce your risk.
Could you please elaborate on what you mean by correlated? I don't get it....

What is it correlated with?

Mouteki seems to be a big fan of this one, it's his system, so.....that's why I'm trading it, to answer your question!
  • #18
  • Sep 29, 2006 10:22am Sep 29, 2006 10:22am
Quoting navadwipa
According to the Mouteki system, once the demand line can no longer be drawn north of a horizontal line,180 degrees, then there is no question of getting a signal to go short. Is this correct?
Not sure if this helps... demand line must be upward sloping and supply line must be downward sloping. In extreme situations, both demand and supply lines can be horizontal or vertical. However, it is strongly recommended for you to stay away from near vertical lines as they represent a very strong trend that is not so easy to break - the signals generated are more than likely from slight retracements and you might be stopped out in the blink of an eye. Signals coming from break of 45 degree lines are however especially nice.

If you can't find 2 points of resistance/support to connect a supply/demand line, then don't "force" a line when there is none.

Below is a Q&A from Mouteki himself, verbatim:
---
QUESTION

Hello Mouteki,

Do you have any preference as to how steep a demand/supply line should be when broken? To elaborate, if you must decide to enter on only one trade, would you choose one whose demand line is so gentle that it is almost horizontal, or one whose demand line is so steep that it is almost vertical?

ANSWER

I love it when the supply/demand line broken is close to a 45 degree angle. A supply/demand line that is at a 45 degree angle signifies it was a sustainable trend to me, and the break of such a line would indicate that sustainable trend has broke the opposite way, possibly creating a new sustainable trend. If I had to choose between a demand line so gentle its almost horizontal as to a demand line so steep its almost vertical, I would have to say the one that is almost horizontal. My reasoning, simply the problem with extremely steep lines is the breakout is most likely picking up the retracement of the fast moving trend in force. So you may get in and see it just open the direction your looking to enter and quickly stop you out. Now, in a almost horizontal trend line, that signifies a strong point of support/resistance in the market that if broken will almost always give you pips, the problem is that the price projections are some times to big due to the length of the trend line.
I am JuMPeR.
  • #19
  • Sep 29, 2006 10:24am Sep 29, 2006 10:24am
Quoting b-rock
Could you please elaborate on what you mean by correlated? I don't get it....

What is it correlated with?

Mouteki seems to be a big fan of this one, it's his system, so.....that's why I'm trading it, to answer your question!
I think he was talking about GBP/JPY and GBP/CHF being correlated.
I am JuMPeR.
  • #20
  • Sep 29, 2006 10:35am Sep 29, 2006 10:35am
Thanks!
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