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Anyone still trading Mouteki? 45 replies

Jumper's journal of Mouteki trading 74 replies

Mouteki Trading System 3 replies

Favourable pairs for Mouteki trading... 7 replies

Kalesh's journal of Mouteki Trading 25 replies

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Mouteki Trading

  • #1,781
  • Sep 28, 2006 4:19am Sep 28, 2006 4:19am
Hi Phoenix,

Well firstly, your trendline looks correct to me. As to which candle should be used, the one to the right, in my mind, looks higher, and should be the one used.

Quoting phoenix
forgot to paste my picture. here it is.
  • #1,782
  • Sep 28, 2006 4:21am Sep 28, 2006 4:21am
If we can get past this existing support level, I think there is at least another 150 pips to the downside, easy.
  • #1,783
  • Sep 28, 2006 4:23am Sep 28, 2006 4:23am
out of curiousity has anyone backtested with different money management strategies with this system? (if so, what were the results?)

i'm guessing with the correct money management system, one can make what's already a very, very good system, into a great one! (and probably minimize the losses or completely avoid the losses suffered in this system)



phoenix
  • #1,784
  • Sep 28, 2006 4:29am Sep 28, 2006 4:29am
Hi Art,

Are those single lot pips?

Quoting ART_1_
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
  • #1,785
  • Sep 28, 2006 4:32am Sep 28, 2006 4:32am
I have taken this same short trade from 8712 with Target 8300 and stop 8812. 1:4 Risk Reward. Lets see how it goes.
  • #1,786
  • Sep 28, 2006 4:39am Sep 28, 2006 4:39am
Hi Zuke,

Which broker allows you to trade these exotics, and what is the spread, in dollars?

Thanks
Quoting Zuke
I have taken this same short trade from 8712 with Target 8300 and stop 8812. 1:4 Risk Reward. Lets see how it goes.
  • #1,787
  • Sep 28, 2006 4:40am Sep 28, 2006 4:40am
Quoting Horace Kent
Hi Art,

Are those single lot pips?

i think it doesnt matter if that are 1lot ore one mini lot becos that are only my demo results for this week. this week is my first week since a few months that i trade demo again. i closed my live account with oanda last week and i am opening a new one with fxdd and until then i trade only demo...

  • #1,788
  • Sep 28, 2006 4:40am Sep 28, 2006 4:40am
Quoting jumper
Here's one on the USD/DKK pair, 3 h chart though.
Jumper, have you tested the 3hr variant?
  • #1,789
  • Sep 28, 2006 4:42am Sep 28, 2006 4:42am
Quoting ART_1_
i think it doesnt matter if that are 1lot ore one mini lot becos that are only my demo results for this week. this week is my first week since a few months that i trade demo again. i closed my live account with oanda last week and i am opening a new one with fxdd and until then i trade only demo...

Why did you choose fxdd over oanda?
I am JuMPeR.
  • #1,790
  • Sep 28, 2006 4:44am Sep 28, 2006 4:44am
Quoting ChowClown
Jumper, have you tested the 3hr variant?
1 or 2 pairs, see my journal.

My opinion is that 3 or 4h doesn't really matter. If I have both, I will stick with 4h - otherwise, 3h is still ok.
I am JuMPeR.
  • #1,791
  • Sep 28, 2006 4:47am Sep 28, 2006 4:47am
Quoting Horace Kent
Hi Zuke,

Which broker allows you to trade these exotics, and what is the spread, in dollars?

Thanks
Zuke, I am holding a short on this too, but my RR is 1:1 tentatively. First time I am playing this pair so I want to see how it goes. I don't like paying interest too so I don't want to hold it too long.

Horace, oanda has this for one. Not sure whether you are comfortable with the spread - around 25 to 50 pips on average.
I am JuMPeR.
  • #1,792
  • Sep 28, 2006 4:48am Sep 28, 2006 4:48am
Quoting jumper
No no, I want it to go up coss I am in a long!
for now you are on the good side because Short is dangerously close to stop loss
  • #1,793
  • Sep 28, 2006 4:49am Sep 28, 2006 4:49am
Quoting jumper
Why did you choose fxdd over oanda?

becos of the leverage and becos of the spread. the spread widens to often in the last time.i paid a few times 15pips spread on the cable and sometimes it werent any big news at this time...
that are the only two reasons.
  • #1,794
  • Sep 28, 2006 4:51am Sep 28, 2006 4:51am
Quoting Ahil
for now you are on the good side because Short is dangerously close to stop loss
I am undecided on this pair, to be honest. Earlier on, I was tempted to close out my long to go short-term short. (My broker doesn't allow hedging, you see.)
I am JuMPeR.
  • #1,795
  • Sep 28, 2006 4:54am Sep 28, 2006 4:54am
Check your weekly charts. The pound has only done 2/3 of the move it did 3 weeks ago. 61.8 is nearly two thirds though so that could be all folks. And if you look back further, it gained around 500 for week 30Jul.
The pound fell around 500 for week 4june.
It put on around 400 per week, EVERY week for the month 16 April to 14th May.

Its the currency that just keeps on giving!!

That one month downtrend buster in May started as a little trickle though, so right to be careful.


Quoting Horace Kent
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.
  • #1,796
  • Sep 28, 2006 4:56am Sep 28, 2006 4:56am
Quoting ART_1_
becos of the leverage and becos of the spread. the spread widens to often in the last time.i paid a few times 15pips spread on the cable and sometimes it werent any big news at this time...
that are the only two reasons.
Yea, I agree that the leverage is bad, as compared to many others. As for the spread, they do distort things a little sometimes but it's generally not as bad as 15 pips for the cable unless you are talking about weekends or FOMC/NFP release periods.
I am JuMPeR.
  • #1,797
  • Sep 28, 2006 4:57am Sep 28, 2006 4:57am
Hi Art,

What I mean to ask is, are those pips based on one lot or multiple lots on the same trade?

eg. Short GBPUSD, did you make 100 pips trading one lot, or 5?

Do you catch my drift? Standard, mini, micro, is irrelevant.

Quoting ART_1_
i think it doesnt matter if that are 1lot ore one mini lot becos that are only my demo results for this week. this week is my first week since a few months that i trade demo again. i closed my live account with oanda last week and i am opening a new one with fxdd and until then i trade only demo...

  • #1,798
  • Sep 28, 2006 4:59am Sep 28, 2006 4:59am
We have to flatten Horace into a pulp and smear him on the pavement for intentionally misleading ART.

J/K
I am JuMPeR.
  • #1,799
  • Sep 28, 2006 5:00am Sep 28, 2006 5:00am
Thanks Jumper, how much is a pip worth?

Quoting jumper
Zuke, I am holding a short on this too, but my RR is 1:1 tentatively. First time I am playing this pair so I want to see how it goes. I don't like paying interest too so I don't want to hold it too long.

Horace, oanda has this for one. Not sure whether you are comfortable with the spread - around 25 to 50 pips on average.
  • #1,800
  • Sep 28, 2006 5:02am Sep 28, 2006 5:02am
Quoting Horace Kent
Thanks Jumper, how much is a pip worth?
Are you trying to intentionally mislead me now? - I will do more than smear you on the pavement.

What are you really asking? A pip is a pip, is a pip.
I am JuMPeR.
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