Mouteki Trading

Quoting bmwboyee

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sorry about that

http://i34.photobucket.com/albums/d1...e/eurusd-1.gif

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Quoting GreatYves

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Maybe this have been adress earlier, can somebody help me figure out how i can turn off Vegas Currency Daily mt4 indicator text output over chart because it write over Demark trend new text output. I like vegas indicator because it is visual indication of overbought or oversold, make it easier to decide what breakout is good. Small code change should do it. Someone please?

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Quoting Horace Kent

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Hi Yves,

Change this...

Comment("\nRISK MODEL #",RiskModel," (1-4)\n\nEMA24 - ",ExtMapBuffer1[limit],"\nEMA28 - ",ExtMapBuffer2[limit],
"\n\nF+1 - ",ExtMapBuffer3[limit],"\nF+2 - ",ExtMapBuffer4[limit],
"\nF+3 - ",ExtMapBuffer5[limit],"\n\nF-1 - ",ExtMapBuffer6[limit],
"\nF-2 - ",ExtMapBuffer7[limit],"\nF-3 - ",ExtMapBuffer8[limit]);a

to...

//Comment("\nRISK MODEL #",RiskModel," (1-4)\n\nEMA24 - ",ExtMapBuffer1[limit],"\nEMA28 - ",ExtMapBuffer2[limit],
//"\n\nF+1 - ",ExtMapBuffer3[limit],"\nF+2 - ",ExtMapBuffer4[limit],
//"\nF+3 - ",ExtMapBuffer5[limit],"\n\nF-1 - ",ExtMapBuffer6[limit],
//"\nF-2 - ",ExtMapBuffer7[limit],"\nF-3 - ",ExtMapBuffer8[limit]);

That should turn the lines of code grey. Then compile it, and save it.

You need to do this in Metaeditor.

regards,
HK

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Quoting phoenix

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Hi mouteki. thanks for sharing your system.

I noticed in all your slides\presentations, that you none of your trendlines extend back further than 25-30 candles from the most recent one.

You've also stated that the most recent price action and sup\res points are the most important.

Do you have a limit as to how far you would go back in time to get the second supp\res point?

the drawing below named "longtrendline" illustrates my point. this is an extreme case where the second point was more than 1.5 months back behind the most recent resistance point.
(do you just wait for a better and more recent trendline to form and completely ignore trendlines that extend back more than a couple of weeks?)


question #2
with new price action and candles closing, new trendlines often get drawn. there are some instances where after drawing the new trendline, the most recent candle has already broken it (whereas previous to the redrawing of the trendline. there was no trendline break with the old trendline).
the picture below illustrates what i'm talking about. with the close of the candle (with the red dot under it). a new demand line was drawn. this demand line was drawn in such a way that the newly closed candle had already broken it.

do you enter the trade on this one?

also what do you do if the newly closed candle breaks both the demand and supply trendlines? do you just ignore the breaks and not trade it?


question #3

in your gbp/usd examples you ignored an area of consolidation in determining your price projection. how do you determine if its an area of consolidation?

thanks!


phoenix

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Quoting Bom-Bom

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Guys..how do you think about the picture I attached? Is it correct for the next Long Trade Set Up?

If this one is correct, then we'll have 258 Pips projection target. And if the next 4H candle open at, let's say, 8875, then the target will be :
8875 + 258 = 9133 !!!!

That price near to the High of 8 August 2006 (9142 on my chart), and the GBP now might want to test that price.

PS : I am using North Finance Server

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Quoting Clusterwise

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iT'S REALLY GOOD JOB B0M-BOM

MY TARGET IS 259 ...

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Quoting nitman

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This is a risky one since it's near the cross road. But I went and give it a shot with 1 mini lot. Anyone else playing this one or sitting on the side?
http://nitworks.com/fx/wp-content/up...rchf061002.png

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Quoting GreatYves

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Ok Horace, Jumper, and MASTER Mouteki, and all other disciple.... I must say i'm impress. It seems so simple. But I still need better entry method... I didnt see the breakout up this morning, is it because my broker gmt+3? I was short on GU as my ea was... Do i need to switch broker signal? Is there is a way to tweak mt4 so to adjust bar open/close time? What free MT4 demo broker can i use? A lot of question heh? Look at my chart.Not the same as your horace... Is it of good idea when a big trade either on one side or the other is about to happen, maybe the better way is just try to straddle it with limit order on each side of the channel like a news?

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Quoting milan47

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Manually I came to the same conclusion as both of you. Looks good. I doublechecked the trendlines with the Demark Mouteki indicator and for some reason it does not take into account the 1.8873 high of the supply line. Anybody sees the same thing??

thanks..

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