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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

  • #2,201
  • Sep 30, 2006 4:43am Sep 30, 2006 4:43am
This is what I got. And MACD gave the first signal up in three days. Not saying I am right though. Just my 2 cents
Attached Image
  • #2,202
  • Sep 30, 2006 5:56am Sep 30, 2006 5:56am
Quoting yuriko
This is what I got. And MACD gave the first signal up in three days. Not saying I am right though. Just my 2 cents
i think it will test 18605 support before going up to the sky
{Link Removed}]
  • #2,203
  • Sep 30, 2006 6:43am Sep 30, 2006 6:43am
Hi,

In all honesty I dont see how the signals could be taken any other way heeh.. But I guess that is the dynamics of Forex one never knows precisely in which way its going.. I still think up especially after Friday when the candle completed and cleared the supply line without ambiguity..

Question for ya...

On your charts you have x and arrows such as I do however I was wondering just exactly they are suppose to indicate if anything? Do you know?

Thanks,

Sanchez


Quoting fxstc
I agree also.
I just took 190 pips on the short.
I believe a retrace is in order according to the trendlines.

See my projections.

Thanks Mouteki, YOU ARE THE MAN!!!!

fxstc
  • #2,204
  • Sep 30, 2006 6:47am Sep 30, 2006 6:47am
Quoting jumper
I personally find the supply line too steep so going long now may get you trapped in a possible whipsaw consolidation period. And look at the time... I really wouldn't initiate any new trades now - no news coming up and you can consider it weekend already.
Hi Jumper,

Would you explain about the relationship between the angle of the trendline and the entries? What would be the ideal slope before entering a trade?

thank you
  • #2,205
  • Sep 30, 2006 8:28am Sep 30, 2006 8:28am
Quoting ptangbizkit
Im only just learning the Mouteki style too, but what made you go after the sell??? If you draw the supply line on the graph aswell it matches up for, IMO a stronger buy signal, supported by the drop 20hrs before. (everything is clearer in hindsight i guess though) Hope I understood your question correctly and am not looking like a fool here. [just realized you are using the EA indicator so i guess you didnt really have the option to see the supply line]

Happy trading,
I think that the break below the demand line (short order) happened before the break above the supply line (long order).
  • #2,206
  • Sep 30, 2006 8:44am Sep 30, 2006 8:44am
Quoting milan47
Hi Jumper,

Would you explain about the relationship between the angle of the trendline and the entries? What would be the ideal slope before entering a trade?

thank you
Hello milan47,

I refer your question to a post from jumper in the GBPCHF thread, it is number 18 in that thread. Below is the gist of the post:
______________________________________________________________
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.

http://www.forexfactory.com/forexfor...1&postcount=18
______________________________________________________________

Hope this helps.<!-- / message --><!-- sig -->
  • #2,207
  • Sep 30, 2006 9:12am Sep 30, 2006 9:12am
Does anyone know, when is the best time to play forex ? I'm just a newbies, i've tried mouteki method live and so far it's creating profit. However, i'm still worried if the trend goes beyond our prediction.
And is it OK if we set the mouteki trend lines on fridays, remembering the fact that on saturdays and sundays are holidays and there will be a big gap on the next monday.
Pls give me some advices...
Forex has never been this SO exciteD !!
  • #2,208
  • Sep 30, 2006 9:17am Sep 30, 2006 9:17am
Quoting Horace Kent
Hello milan47,

I refer your question to a post from jumper in the GBPCHF thread, it is number 18 in that thread. Below is the gist of the post:
______________________________________________________________
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.

http://www.forexfactory.com/forexfor...1&postcount=18
______________________________________________________________

<!-- / message --><!-- sig --> Hope this helps.
Thank you Horace, very much appreciated
  • #2,209
  • Sep 30, 2006 9:36am Sep 30, 2006 9:36am
Hi All,

Can you see any flaws in this drawing?
I am still learning- so I would welcome any comments.

This would appear to be a good opportunity to go long on Cable.
Projection target is 1.8789.
Taken from the first candle to open above the UTL and it's open price of 1.8714.
Lowest Low= 1.8634
Intersect= 1.8710
Target= (1.8710-1.8634)+1.8714= 1.8789

GL & GT to all.
Attached Image
  • #2,210
  • Sep 30, 2006 9:52am Sep 30, 2006 9:52am
£ direction:

Interesting to read the debate on Cable:

I am a stickler for time and that targets should be met within its projection.

If my analysis is correct Cable should reach it's target at around 0600 hrs GMT Monday morning. It should make the turn from that point down unless it breaks the next UTL. According to the projection it will fall just below this UTL. I have noticed that projections do run over targets.

Monday am should give us the clues we need to set the strategy for the next few days. Until then I think we go up. We should see a clear rejection of the UTL to confirm the continuation of the downtrend.
I think that traders need to stay very flexible and be able to move very quickly. That is not easy and requires constant vigilance.

GL & GT
  • #2,211
  • Sep 30, 2006 9:56am Sep 30, 2006 9:56am
Quoting milan47
Thank you Horace, very much appreciated
Regarding that last post, if we apply it to the GU right now, the demand line is almost horizontal and there a break out on both side position... The payout is -354pips.... or +115 pips. So where do you draw a line? when the second point is so far, the forecast price will be so far in the future i guess, if it ever happen? What do you think friends?
Attached Image
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #2,212
  • Sep 30, 2006 10:04am Sep 30, 2006 10:04am
hello guys
i'm new to this thread but i wish my system would be a good thing for u

i confirm the crossing of Dem lines by dpo crossing below/above zero line , hope that will help

Attached Image
Attached File(s)
File Type: zip dpo dem.zip   36 KB | 406 downloads
  • #2,213
  • Sep 30, 2006 10:05am Sep 30, 2006 10:05am
Greetings Fellow Mouteki Traders!

I have been following this thread since day 1 and have been testing Mouteki on and off learning to fully understand how to trade it. I opened up a new Demo account with $5K on Wednesday. My results for the first 3 days were great. I had 8 winners and 2 losers - 80% winners. A profit of $2200! My account statement is attached. Note there was a 3rd loss for $55, however that was from a different system I was trading, I accidenlty made it on the wrong account, so it does not figure into my testing.
My only change to the system is that I always set my Take profit at 40 PIPS and my stoploss at 30 PIPS. I had lost some trades that did not make their target over the weeks so I started backing them off a bit. I found that 40-50 PIPS TP worked good for me. I am unable to trade during the day, so I make my trades before I go to work, or after work. I am using 40 PIPS for this test and I am going to monitor results to see if I should bump this number up. I may be leaving pips on the table, but he,y I will take these results any day.
I know it is just 3 days of trading, but this is typical of the results I have been getting. I am now keeping a spreadsheet which contains all trades and before and after screenshots for my own use. This way if I lose a trade, I can see the initial set-up to see what may have gone wrong and if it was my error.
I just thought I'd share my results and I will continue to as I continue this testing. If the results look good after 1 month, I am going with LIVE funds.
I just love this thread and a big THANK YOU to Mouteki, I hope you read this and know I am very excited about your system. So simple and so effective. I just hope it keeps up.

Have a great weekend folks!

Sir Wolf
Attached File(s)
File Type: doc MoutekiResults092906.doc   39 KB | 999 downloads
Believe and Achieve!
  • #2,214
  • Sep 30, 2006 10:21am Sep 30, 2006 10:21am
Quoting lava
£ direction:

Interesting to read the debate on Cable:

I am a stickler for time and that targets should be met within its projection.

If my analysis is correct Cable should reach it's target at around 0600 hrs GMT Monday morning. It should make the turn from that point down unless it breaks the next UTL. According to the projection it will fall just below this UTL. I have noticed that projections do run over targets.

Monday am should give us the clues we need to set the strategy for the next few days. Until then I think we go up. We should see a clear rejection of the UTL to confirm the continuation of the downtrend.
I think that traders need to stay very flexible and be able to move very quickly. That is not easy and requires constant vigilance.

GL & GT
good post....what is the lowest cable would go? 1.8605?
{Link Removed}]
  • #2,215
  • Sep 30, 2006 10:28am Sep 30, 2006 10:28am
I think point 2 has changed. I checked it on both my chart suppliers.

GL & GT
Attached Image
  • #2,216
  • Sep 30, 2006 11:03am Sep 30, 2006 11:03am
Quoting GreatYves
Regarding that last post, if we apply it to the GU right now, the demand line is almost horizontal and there a break out on both side position... The payout is -354pips.... or +115 pips. So where do you draw a line? when the second point is so far, the forecast price will be so far in the future i guess, if it ever happen? What do you think friends?
If you go strictly by Mouteki method, then the short signal you had from the second most recent bar would be superseded by the new long signal from the most recent bar. So technically speaking, you should go long now.

However, the supply line is rather steep and this begs the question whether the strong downtrend will continue. Will this new long fulfil its destiny? Is this new long a mere retracement - will the retracement be strong enough to hit PP? Or will this pair go through a period of consolidation and produce whipsaws?

Because this is not a terribly clear-cut trade, I will personally wait out a while till more convincing signals come along.
I am JuMPeR.
  • #2,217
  • Sep 30, 2006 11:11am Sep 30, 2006 11:11am
Quoting leo2006
Does anyone know, when is the best time to play forex ? I'm just a newbies, i've tried mouteki method live and so far it's creating profit. However, i'm still worried if the trend goes beyond our prediction.
And is it OK if we set the mouteki trend lines on fridays, remembering the fact that on saturdays and sundays are holidays and there will be a big gap on the next monday.
Pls give me some advices...
If you are playing on 4h timeframe (and Mouteki method is for 4h TF), then I would think any time is a good time. However, I would go hands-off on Friday after 12pm EST, and weekends are out too unless there is news -- and you intend to play news.

If the trend goes against the way you predicted, then you will be stopped out and likely be given a stop-and-reverse signal. If you judge this new signal non-frivolous, then take this SAR trade.

You can choose to ignore weekend data on your charts so that there will be no gaps -- this is not to be confused with a gaping open that is perfectly possible. Mouteki himself did mention too that he likes to look at the charts on Monday and see how things settle on. But he mentioned too that a trade is a trade, is a trade, whenever it appears.

Just my take.
I am JuMPeR.
  • #2,218
  • Sep 30, 2006 11:30am Sep 30, 2006 11:30am
Quoting Stogie
This is the Delta as I know it. I don't think this is really what you want to know tho.
Are we talking about forex or... hang on a sec, did someone get a short circuit?
I am JuMPeR.
  • #2,219
  • Sep 30, 2006 11:45am Sep 30, 2006 11:45am
Quoting TheWicker
Thank you Mouteki for sharing your method. In your document "4 hour trend line" there was this image used as an example of a potential 186 pip trade. This trade looked fine back then but now as the stop loss document has been released this would not be a 186 pip profit trade but would have been stoped out at +10 pips if we use the stoploss rule one in profit 40 pips we move our stop to +10 pips. This stop would have been hit here.

Please explain if I interpreted it wrong.

Notice how the second candle after our entry went more than 40 pips south. We would have placed our stoploss to +10 pips here, which would have been hit later then.

http://img208.imageshack.us/img208/5148/chartsy9.jpg
In such a situation where a trade would run to its projected profit target if its SL has not been modified to +10, I would say it is really a case of the devil or the deep blue sea.

If the trade can hit target, it can also turn tail and wipe itself out at a loss. If you are game enough, go ahead and leave the position's SL unchanged even after it has reached +40... and attempt to ride the wave all the way to the projected end. Whether you succeed or not, only time will tell. But if you want to play it safe, shift your SL to +10 as recommended and a strong trend will still ensure you reached your PP. I have personally encountered trades in both cases so I know the plethora of feelings that might grip you there and then.

I know this is cliche... but ultimately, it's still your call.
I am JuMPeR.
  • #2,220
  • Sep 30, 2006 11:45am Sep 30, 2006 11:45am
Quoting kenari05
good post....what is the lowest cable would go? 1.8605?
Hi Kenari05,

Not sure yet, but if I use Harmonics -I have a target of 1.8469- that is if it remains an abcd correction. But these patterns are rarely exact in FX- when they are -well it is easy money. It would not be unusual to see a two part AB and a two part CD correction. So it could go a lot lower. Only the patterns will tell.
Only problem I have that poses a great danger is the potential Wolfe wave on the weekly charts- That can send Cable to 1.9715(potential 5) in a heart beat. I say potential because I am no expert in this area- and 3-4 is not complete although it is suggesting 1.8430 as potential completion of 3-4.
So I don't know yet as the patterns and everything else has to play it part.
It can all change very quickly.
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