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Anyone still trading Mouteki? 45 replies

Jumper's journal of Mouteki trading 74 replies

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Mouteki Trading

  • #2,021
  • Edited 5:18am Sep 29, 2006 5:17am | Edited 5:18am
Quoting jbf
im also in this trade. but I think/fear that this cross could be playing tricks with us. eventhough fundementals and technicals - even the NZ central bank loves to backstab the currency once in a while - all points in the same direction... DOWN. But, I have got caught more than once by this going UP instead several times. My stoploss is way higher than 1/3. My stop is at 0,6613 - just above first retracement of the first drop-wave.

Previous lessen learned: never underestimate the power of the horde of carry-traders (and the greenback but thats another story).

Current spot is 0,6507 and I will soon move my stops down.

Have anyone been speculating in using trailing-stop?

Best regards,
Bo
yeah in kiwi and aud/usd, either take 20 and be happy or at +20 put a 20pip trailing stop so you break even at least. I am telling you kiwi has a mind of its own. It dropped like a rock over the finanace minister and then again when gdp came out. You have to be in them when that happens to make a good run. I would "almost" bet that the low today was the low for all of this and it will go up now, but whatever I'm thinking the opposite happens, so you all should be happy now that I said that...
  • #2,022
  • Sep 29, 2006 5:23am Sep 29, 2006 5:23am
Quoting jumper
It may or may not change. Sometimes, a small difference will mean the open of the candle is above instead of below the line. Your call, anyway.
I could've used that candle as well, but I didn't because that other candle looks suspicious to me.
  • #2,023
  • Sep 29, 2006 5:24am Sep 29, 2006 5:24am
Quoting Ricx
Is this short confirmed? we have news in ±4hour from now do you think its not
goin to effecting the stop loss?
And today is last trading day of quarter and month. I'd wait it out. But one thing is FOR SURE.... it will either go up or go down
  • #2,024
  • Sep 29, 2006 5:25am Sep 29, 2006 5:25am
Well here's a little something for the EUR/USD pair.
Attached Image
I am JuMPeR.
  • #2,025
  • Sep 29, 2006 5:29am Sep 29, 2006 5:29am
LOL, and I was wondering why the heck you are asking about the "Annoucements" section of this forum...
I am JuMPeR.
  • #2,026
  • Sep 29, 2006 5:33am Sep 29, 2006 5:33am
Quoting jumper
Well here's a little something for the EUR/USD pair.
So jumper, what country are you in if you don't mind saying? If I had to guess, I would say England or Australia. At least I'm pretty sure your native language is English. However, if you are Japanese, you've really tricked me. You remind me of myself, so I would say the US, but you seem to disappear (not totally) during the US session. You also post a lot while I am asleep. If you don't want to answer truthfully, just say Japan so I can be tricked...
  • #2,027
  • Sep 29, 2006 5:35am Sep 29, 2006 5:35am
What a horror!!
Attached Image
I am JuMPeR.
  • #2,028
  • Sep 29, 2006 5:40am Sep 29, 2006 5:40am
Quoting llambert3
So jumper, what country are you in if you don't mind saying? If I had to guess, I would say England or Australia. At least I'm pretty sure your native language is English. However, if you are Japanese, you've really tricked me. You remind me of myself, so I would say the US, but you seem to disappear (not totally) during the US session. You also post a lot while I am asleep. If you don't want to answer truthfully, just say Japan so I can be tricked...
LOL... if I may borrow the words of a particular Mr Horace Kent... if I tell you, I have to kill you!!!

PS.: What if I am just buried deep under the charts during the US session? But hang on a sec, thought I mentioned I am a bot.
I am JuMPeR.
  • #2,029
  • Sep 29, 2006 5:44am Sep 29, 2006 5:44am
Quoting jumper
LOL... if I may borrow the words of a particular Mr Horace Kent... if I tell you, I have to kill you!!!

PS.: What if I am just buried deep under the charts during the US session? But hang on a sec, thought I mentioned I am a bot.
I knew you wouldn't answer, but I was hoping you'd at least say Japan.. LOL

But I know you are just probably in shock that I got it right maybe? What if I add New Zealand to the picture, can you say if at least one of my guesses are right??? Please, please, please???
  • #2,030
  • Sep 29, 2006 5:47am Sep 29, 2006 5:47am
Quoting llambert3
I knew you wouldn't answer, but I was hoping you'd at least say Japan.. LOL

But I know you are just probably in shock that I got it right maybe? What if I add New Zealand to the picture, can you say if at least one of my guesses are right??? Please, please, please???
Alright, I shall be truthful.

None of the above.
I am JuMPeR.
  • #2,031
  • Sep 29, 2006 5:54am Sep 29, 2006 5:54am
Quoting Xerof
I don't detect any imminent popular uprising lambert - life goes on as usual, we borrow against the unrealised equity in our housing market (like everywhere else..lol), exporters continue to moan about the currency strength, unemployment is basically zero (under 3%), inflation is a bit higher than the RBNZ are targeting, but not really an issue (except for the Reserve Bank), our current account deficit is appalling as % of GDP, but has never been that flash anyway, and investors love our high interest rates and political and economic stability. That is, until they all try to rush for the exits at the same time....lol.

But if we don't win the Rugby world cup next year, I predict a severe recession..........
Although as an Englishman my hopes will be elsewhere, I doubt if you'll lose.
Party time in Auckland, I suspect
  • #2,032
  • Sep 29, 2006 6:22am Sep 29, 2006 6:22am
I have a question that can be found in the thread, but because my English is not very well please answer me. Should be the vertical line drawned between the first and second points of trend line, or it can be between the second piont and the break point of the trend line?
  • #2,033
  • Sep 29, 2006 6:26am Sep 29, 2006 6:26am
Quoting Ricx
Is this short confirmed? we have news in ±4hour from now do you think its not
goin to effecting the stop loss?
Moutaki didnt says that stop trade when there's comming news !
+ today we dont have very strong news its USD PCE !
Charting Markets into the Future...MǎҖ€¥.
  • #2,034
  • Sep 29, 2006 6:31am Sep 29, 2006 6:31am
Quoting hamidamini333
I have a question that can be found in the thread, but because my English is not very well please answer me. Should be the vertical line drawned between the first and second points of trend line, or it can be between the second piont and the break point of the trend line?
As my understand, your 2nd assumption is right answer. It can be between B point and break point.....But....

Since my native language is not English and my English also not good enough..... is there someone to confirm it?........
- Ray Tracy - Novice forex trader from GMT+8
  • #2,035
  • Sep 29, 2006 6:33am Sep 29, 2006 6:33am
in my charts it broke and it is going to 120 ?!
  • #2,036
  • Sep 29, 2006 6:35am Sep 29, 2006 6:35am
I should read the Mouteki thread completly but now it's so big.... Is friday still a good day to go or let's wait Sunday or Monday? Anyway i went short... TP @ 1.8555 , SL @ 1.8771. 3:1.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #2,037
  • Sep 29, 2006 6:41am Sep 29, 2006 6:41am
Thank you raytracy, I got my answer.

Quoting raytracy
As my understand, your 2nd assumption is right answer. It can be between B point and break point.....But....

Since my native language is not English and my English also not good enough..... is there someone to confirm it?........
  • #2,038
  • Sep 29, 2006 6:41am Sep 29, 2006 6:41am
I have 11 trades in hands now, some profit, and some loss, but the summarized result are positive.

Since there will be a lot of U.S data announced after 1 hours, should I close all of my positions? or close profit positions only? or close USD related positions only?

I have leave these positions to run over european data announcement just few hours ago, and expeirenced over 100+ total pips drawdown after 1 to 2 hours of announcement.

I am not sure how many drawdown will be made, or may I keep away from all of my SL setting during U.S. data time?

BTW, would you leave Mouteki style trades to run over weekend?
- Ray Tracy - Novice forex trader from GMT+8
  • #2,039
  • Sep 29, 2006 6:46am Sep 29, 2006 6:46am
Quoting jbf
Anyone knows where 4hour chart data can be downloaded (i dont mind if it is delayed)?

Best regards,
Bo

download the 1min data from this page

http://www.alpari-idc.com/en/dc/databank.php

and then convert to 4hour data

how you can do this you can read in this nice thread

http://www.forexfactory.com/forexfor...ead.php?t=6002
  • #2,040
  • Sep 29, 2006 6:55am Sep 29, 2006 6:55am
Although I'm only 3 days old at this...I also find it hard to trade the red lines on my chart...from my previous systems and just personal trading style I find after a solid move from any system that I tend to wait for it to "reset" and find another optimal set-up.

However I have noticed that MoutekiTrader has traded set-ups like the red lines, and in the 3 days I have had success from similar trades....but I do have to force myself to take those trades even in my demo account.

Current price action suggests that is was ok to enter this trade as the pair continues to rise and appears to have finally made it's decision!

Thanks for your point of view!
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