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Mouteki Trading

  • #1,761
  • Sep 28, 2006 2:51am Sep 28, 2006 2:51am
Quoting Horace Kent
Completely understand. I'm so glad I discovered this methodology, and so thankful to MoutekiTrader for sharing it.

Feels good to get back to looking purely at price. Feels 'right'

best regards,
Yep. I've never been an indicator guy. I hate a lot of real estate, if you will.

I use nothing but price. Sometimes I admit I might throw an EMA in there, here or there, but other than that... nothing.
Mr. Trend
  • #1,762
  • Sep 28, 2006 2:51am Sep 28, 2006 2:51am
Quoting icantoo
Hi There,


just started to read here on this method. After a few posts I saw that someone was asking for the Word document to this to me PM'd to them. I also can not find the document. Can someone please be so kind as to send it to me or tell me where I can find it?

Thanks a lot

Icantoo
Mouteki Material thread
  • #1,763
  • Sep 28, 2006 2:56am Sep 28, 2006 2:56am
We have 2nd short signal comming...

we already got short signal yesterday with Projection :186PIP (check post #12)

and now we have 2nd signal with projection :250 pip

so should we extend out TP to : 250 PIP

GUYS Confirm (Y/N)
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #1,764
  • Sep 28, 2006 2:58am Sep 28, 2006 2:58am
Quoting MaXeY
We have 2nd short signal comming...

we already got short signal yesterday with Projection :186PIP (check post #12)

and now we have 2nd signal with projection :250 pip

so should we extend out TP to : 250 PIP

GUYS Confirm (Y/N)
I have a TP of 1.8528
Mr. Trend
  • #1,765
  • Sep 28, 2006 3:05am Sep 28, 2006 3:05am
Quoting Mr Trend
I have a TP of 1.8528
!
Charting Markets into the Future...MǎҖ€¥.
  • #1,766
  • Sep 28, 2006 3:08am Sep 28, 2006 3:08am
Quoting MaXeY
!
Yeah. According to the rules, though, that's the correct TP...

I'll be surprised if it goes that far... the overall trend is bullish, and that big of a drop is even contrary to what my primary swing strategy is telling me. In all honesty, I'll be trailing it closely -- within 20-30 pips.
Mr. Trend
  • #1,767
  • Sep 28, 2006 3:09am Sep 28, 2006 3:09am
GBPJPY SHORT:
Attached Image
  • #1,768
  • Sep 28, 2006 3:10am Sep 28, 2006 3:10am
Quoting Mr Trend
Once again folks, if you look at my screenshot and the little blip to the right, that's the open of the break of the bar...

eSignal (unfortunately) gets a feed from about 20 different freakin' brokers, which sucks, but that's just how it is...

I'd say this is a good trade even in a range...

But don't take my advice -- demo it.
Hello mr trend

my english little bad.... so this signal in invalid ? why?
Charting Markets into the Future...MǎҖ€¥.
  • #1,769
  • Sep 28, 2006 3:12am Sep 28, 2006 3:12am
Quoting MaXeY
Hello mr trend

my english little bad.... so this signal in invalid ? why?
No no, my friend. The signal is correct. You should be short.
Mr. Trend
  • #1,770
  • Sep 28, 2006 3:12am Sep 28, 2006 3:12am
Quoting Uphios
Morning all. Just closed my GBPCAD and, a little early but I was happy and blow me a long signal on EURCAD. Got the same chart as you JUmper but what do you see as a target pips, lots of low points to consider here.
I didn't take this trade since I had 8 positions open. Just closed out my cable short so I can perhaps juggle another.

Looking at the chart, seems to be a 62 pips trade, no? Too little leeway for my liking so I am still passing on it. Let's see if a really nice setup will come along. :
I am JuMPeR.
  • #1,771
  • Sep 28, 2006 3:15am Sep 28, 2006 3:15am
No no, I want it to go up coss I am in a long!
I am JuMPeR.
  • #1,772
  • Edited 4:00am Sep 28, 2006 3:24am | Edited 4:00am
Hi mouteki, it would be great if someone could go through the original thread and group all the posted indicators (with their original posting) into one thread.It is on my list of things to do.

this way anyone can go to a centralized depository for the indicators that have arisen because of your thread.

Also maybe having a separate for EA or indicator development might be beneficial for people.


thanks so much mouteki!

Phoenix

p.s. i'm willing to help you out as well in organizing your thread. let me know what i can do.
  • #1,773
  • Sep 28, 2006 3:25am Sep 28, 2006 3:25am
I was just looking at my charts -- I personally have a TP set at 1.8582...disregard my 8528 earlier...

My TP is not actually according to Mouteki's system...
Mr. Trend
  • #1,774
  • Sep 28, 2006 3:41am Sep 28, 2006 3:41am
GBPUSD 2nd SHORT:
Attached Image
  • #1,775
  • Sep 28, 2006 3:42am Sep 28, 2006 3:42am
Quoting Horace Kent
GBPUSD 2nd SHORT:
If you're right, this could be a good week.
Mr. Trend
  • #1,776
  • Sep 28, 2006 3:52am Sep 28, 2006 3:52am
Really would wouldn't it!

I tend to agree with you though. That's a long way to fall for a currency that's been so strong recently. But hey, trends end. Best we can do is follow them.

Quoting Mr Trend
If you're right, this could be a good week.
  • #1,777
  • Sep 28, 2006 3:53am Sep 28, 2006 3:53am
Move SL TO : +10

Extend TP from 186 TO 250 PIP
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #1,778
  • Sep 28, 2006 3:55am Sep 28, 2006 3:55am
Quoting Mr Trend
If you're right, this could be a good week.

this could be? it is a good week

with mouteki trading i booked +500pips this week and +200 are opened at the moment.

thats real nice

thanks mouteki
  • #1,779
  • Sep 28, 2006 3:56am Sep 28, 2006 3:56am
Quoting ra300z
When I'm learning a new technique, I like to learn what could go wrong. Here's a perfect situation where I think a lot of people could get stopped out. The pair is EURUSD and the date is August 1st. Just wanted to post this for discussion because I think this is a classic example. Easily defined demand line, breakout below on August 1st, failure to reach TP on a short.
hey ra300z. great idea to bring this topic into the thread! it will definitely help everyone better understand the limitations of the system.

now onto the nitty gritty.
i think you may have drawn your trendline incorrectly as there's a more recent support point which should be used. i've attached a picture to illustrate what i'm saying. the more recent demand line is in green. The two green arrows indicate the points which should be used (at least I think should be used).

the question here is which candle to use as the high in determining one's price projection. (the two potential candidate candles are shown with blue circles above them). if you choose the candle which occurs less recently, then the TP is barely missed, less than 10 pips. if you choose the more recent one, then the TP is hit and this becomes a winning trade.

any comments anyone on which high to use?

Phoenix
  • #1,780
  • Sep 28, 2006 4:01am Sep 28, 2006 4:01am
Quoting phoenix
hey ra300z. great idea to bring this topic into the thread! it will definitely help everyone better understand the limitations of the system.

now onto the nitty gritty.
i think you may have drawn your trendline incorrectly as there's a more recent support point which should be used. i've attached a picture to illustrate what i'm saying. the more recent demand line is in green. The two green arrows indicate the points which should be used (at least I think should be used).

the question here is which candle to use as the high in determining one's price projection. (the two potential candidate candles are shown with blue circles above them). if you choose the candle which occurs less recently, then the TP is barely missed, less than 10 pips. if you choose the more recent one, then the TP is hit and this becomes a winning trade.

any comments anyone on which high to use?

Phoenix
forgot to paste my picture. here it is.
Attached Image
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