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Anyone still trading Mouteki? 45 replies

Jumper's journal of Mouteki trading 74 replies

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Mouteki Trading

  • #2,081
  • Sep 29, 2006 10:30am Sep 29, 2006 10:30am
Now here is a classic some may recognise.
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  • #2,082
  • Sep 29, 2006 10:33am Sep 29, 2006 10:33am
Quoting llambert3
What is this stokes you are referring to and how can I get it?
Hi llambert3,

Sorry about that, "stokes" is the stochastic osillator.

I use the slow stochastic. Most charting software has this indicator. If you are not familiar with it, below is an excellent link with explanation of the %D - %K and examples.

http://stockcharts.com/education/Ind...scillator.html
  • #2,083
  • Sep 29, 2006 10:39am Sep 29, 2006 10:39am
Quoting miketoll
so, did someone a backtest for example 15years ago?
Because if it would have been profitable at these times AND now... the holy grail?
Mouteki said he has been trading it for few years but never gave any backtest result apart from july 2006. I asked him for it, but he has not replied.
  • #2,084
  • Sep 29, 2006 10:39am Sep 29, 2006 10:39am
My rationality has been wrecked after being rendered retarded by the return of the raging bull.
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I am JuMPeR.
  • #2,085
  • Sep 29, 2006 10:46am Sep 29, 2006 10:46am
Quoting Horace Kent
Hi Mike,

I read up on this method two weeks ago, and started trading it 4 days ago on a demo account.

569 pips in 4 days, all based on Mouteki methodology. And to be honest it could have been a lot more.

10 trades, 10 winners, 6 limited out at profit projection, 4 closed out prior to reaching projections, of those, 2 would have hit projections, the remaining 2 would have stopped out at +10 pips.


If it ain't broke...

regards
10 wins in a row?? Can you give more details please as requested by the other member. thanks.
  • #2,086
  • Sep 29, 2006 10:49am Sep 29, 2006 10:49am
Quoting miketoll
so, did someone a backtest for example 15years ago?
Because if it would have been profitable at these times AND now... the holy grail?
You can take a look at the mono's movies. They were made since start of 2006.
http://www.forexfactory.com/forexfor...ead.php?t=8391
The trend isyour friend untilis about to end...
  • #2,087
  • Sep 29, 2006 10:58am Sep 29, 2006 10:58am
Quoting trader416
Horace,
I don't know if you read my post, but I'm only getting about 50% winners on what I see as valid trades. Would you mind posting the pair and date/time of entry (and timezone) for your 10 trades so that maybe I can see what I'm doing wrong ?

Thanks.
Sure. I am in the EST zone, and my broker is on GMT. There are some trades, especially in the first few days, that I manually intervened in because I didn't have the patience and discipline to wait. So in actuality, there are 14 trades, with 2 losers, but had I stuck with the system, both would have been winners also. The following I offer not as a coulda, shoulda, woulda, but just to show the power of the system. It really is incredible how accurate it can be if you have the patience to stick with the trades.

http://i12.photobucket.com/albums/a2...shion/stes.gif

http://i12.photobucket.com/albums/a2...hion/stes2.gif
  • #2,088
  • Sep 29, 2006 10:59am Sep 29, 2006 10:59am
yeah dollar let me down today as well:surprised...frustrating part is I think it's coming back down to continue...but how big of a stop is a guy gonna set!!

oh well, good with the bad
  • #2,089
  • Sep 29, 2006 11:00am Sep 29, 2006 11:00am
Quoting jumper
What can I say? I am seized with horror!

What a bad way to end a Friday!!

It was looking promising for a while and it is good fun setting up the chart but can you really expect the market to follow? The market does what the hell it likes and is no respecter of lines on charts.
Use low gearing bur at resistance on dips and hang on through the drawdown and wait for your position to blossom, thats the way. You won't set the world alight with profit but you will profit. We all want to live off our income from forex but truth is if your gearing is to high you will get taken out. build it up slowly there is no grail my friends i fear, even though we all look for it.
I can't pretend to know about this methods results but if it is hitting 50-50 you should be making money if your stop loss is in the right place.
  • #2,090
  • Sep 29, 2006 11:06am Sep 29, 2006 11:06am
The first GBPUSD (09.25) trade would have been a 110 pip winner had I stuck with it, I took it off at +10 pips - first trade using the system, was a bit jumpy I guess.

The EURCAD (09.25) trade would have been good for 117 pips. Again, I was not sure at this point what I was doing. The key is patience and confidence in the system.

The GBPJPY (09.25) trade would have not hit target, but was up 50 or so pips, so we can count that as a +10 stopout.

The GBPCHF (09.25) trade would have not hit target, but was up 50 or so pips, so we can also count that as a +10 stopout.

The USDCHF trade would have been a 126 pip winner. I took it off at +56 pips because the pair looked like it had stalled.

The USDJPY trade would have been up 80 pips or so right now, and off 40 pips from the target at 118.52.

ANYWAY, even with all of this "FOOLING" with the system that I did, I'm up 569 pips in 4 days.

Let's see what next week brings.

I hope this helps.

best regards
  • #2,091
  • Sep 29, 2006 11:07am Sep 29, 2006 11:07am
Quoting MaXeY
Short Eur/Usd

Projection: 50 PIP
SL: 50/2= 25 PIP
Stopped OUT: -25 PIP
Charting Markets into the Future...MǎҖ€¥.
  • #2,092
  • Sep 29, 2006 11:23am Sep 29, 2006 11:23am
Here's a snapshot of the Weekly USDCHF showing the resistance/support levels. If it can break the 1.2650 level, it may move up fairly quickly towards the top channel 1.2900 handle. If it breaks that, then 1.3250 resistance becomes within reach. If the 1.2650 holds, then a retracement back down to the bottom channel at 1.2400.

Just my 0.02 pips

Nipper
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  • #2,093
  • Sep 29, 2006 11:26am Sep 29, 2006 11:26am
Hi, I must be having a serious brain fart today because I can't locate the manual for trading the Mouteki method unless of course it is not being made public. Could someone point me in the direction of where I can download it please? Thank you for any help. Fritz
  • #2,094
  • Sep 29, 2006 11:32am Sep 29, 2006 11:32am
Quoting fritz
Hi, I must be having a serious brain fart today because I can't locate the manual for trading the Mouteki method unless of course it is not being made public. Could someone point me in the direction of where I can download it please? Thank you for any help. Fritz
Mouteki Material, page 1
  • #2,095
  • Sep 29, 2006 11:33am Sep 29, 2006 11:33am
Yes....classic end of wave 5 move drawn by Uphios....got in on a buy today at 1.2650....projected target to 1.2790!!!
  • #2,096
  • Sep 29, 2006 11:36am Sep 29, 2006 11:36am
Quoting Horace Kent
The first GBPUSD (09.25) trade would have been a 110 pip winner had I stuck with it, I took it off at +10 pips - first trade using the system, was a bit jumpy I guess.

The EURCAD (09.25) trade would have been good for 117 pips. Again, I was not sure at this point what I was doing. The key is patience and confidence in the system.

The GBPJPY (09.25) trade would have not hit target, but was up 50 or so pips, so we can count that as a +10 stopout.

The GBPCHF (09.25) trade would have not hit target, but was up 50 or so pips, so we can also count that as a +10 stopout.

The USDCHF trade would have been a 126 pip winner. I took it off at +56 pips because the pair looked like it had stalled.

The USDJPY trade would have been up 80 pips or so right now, and off 40 pips from the target at 118.52.

ANYWAY, even with all of this "FOOLING" with the system that I did, I'm up 569 pips in 4 days.

Let's see what next week brings.

I hope this helps.

best regards
i think you misunderstood between pips and dollars....looking at your screenshot account, you open 1.00 lot which represent usd10 per 1 pip. I supposed that you only make profit 10 pips...not 100 pips..thus making 546pips is totally misleading...
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  • #2,097
  • Sep 29, 2006 11:39am Sep 29, 2006 11:39am
Interesting thought, mouteki/elliot wave combo. The beauty of mouteki system is its simplicity and ability to be applied to almost any system.

Thank you mouteki for sharing it once again.
Trax Tibidax Tibidox...
  • #2,098
  • Sep 29, 2006 11:44am Sep 29, 2006 11:44am
Fascinating, eh?

*Jumper hugs tight his measly 10 pips*
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I am JuMPeR.
  • #2,099
  • Sep 29, 2006 11:47am Sep 29, 2006 11:47am
Quoting kenari05
i think you misunderstood between pips and dollars....looking at your screenshot account, you open 1.00 lot which represent usd10 per 1 pip. I supposed that you only make profit 10 pips...not 100 pips..thus making 546pips is totally misleading...
I think you misunderstand. If you look at the open price and close price I think it is clear it is pips
  • #2,100
  • Sep 29, 2006 11:48am Sep 29, 2006 11:48am
Quoting GreatYves
-354 or +152 please confirm.
May be this will become out of topic. (Sorry then). I feel curious about your arrow in the chart. What arrow exactly that is ? Thank you.
Trade wise !
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