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Mouteki Trading

  • #2,501
  • Oct 3, 2006 3:56am Oct 3, 2006 3:56am
  •  Trader#0000
  • | Status: Unregistered Trader
I must admit I snuck in a bit early too at 149.97 based on the 1H chart. It worked out OK this time with some profit locked in.
  • #2,502
  • Oct 3, 2006 3:57am Oct 3, 2006 3:57am
Don't long, it didn't break supply line. The price penetrated it, yea, but that's not enough. It's VERY important to get that confirmation candle opening up above/below the supply/demand line. Now it shall continue it's trend and the price will drop until this pair breaks out. God I love Forex
  • #2,503
  • Oct 3, 2006 4:00am Oct 3, 2006 4:00am
LATE ENTRY:
SHORT @ 14974
PP: 14901
SL: 15017

Saw price was still at the opening level an hour after the candle had opened. Took the short...
Attached Image
  • #2,504
  • Oct 3, 2006 4:00am Oct 3, 2006 4:00am
  •  Trader#0000
  • | Status: Unregistered Trader
Went long at 1.8884.
  • #2,505
  • Oct 3, 2006 4:01am Oct 3, 2006 4:01am
Quoting ssteiner87
Maxey, I hope to god we're right. I have the same chart setup and long and TP. I'm using real money so hopefully everything will work out well. I guess i'll find out how things go when I wake up. Do you all get scared when leaving trades open over night? (Though you can sleep much better with a Stop and Limit set up)
Cool, but dont forget when u got +40 Move SL to +10 then sleep
Charting Markets into the Future...MǎҖ€¥.
  • #2,506
  • Oct 3, 2006 4:04am Oct 3, 2006 4:04am
Quoting summitfx
Snickers bar?
I prefer Mars bar. Ok?
I am JuMPeR.
  • #2,507
  • Oct 3, 2006 4:06am Oct 3, 2006 4:06am
OMG...
Attached Image
I am JuMPeR.
  • #2,508
  • Oct 3, 2006 4:09am Oct 3, 2006 4:09am
HELLO MOUTEKI FANS !

I WENT LONG ALREADY AT 8875...PRICE HAS RETRACED BACK TO 8860 SOMETHING....BUT I'M GONNA STAY WITH THIS TILL MY STOP LOSS DONE (-80 PIPS) OR SET TP AT 9100 (ACTUALLY 9133, BUT 9100 IS ENOUGH TO ME)

C U ALL THERE !

REGARDS,
BOM-BOM
  • #2,509
  • Oct 3, 2006 4:09am Oct 3, 2006 4:09am
Quoting Horace Kent
LATE ENTRY:
SHORT @ 14974
PP: 14901
SL: 15017

Saw price was still at the opening level an hour after the candle had opened. Took the short...
What time did your candle open? Mine will open at 10:00 GMT

As usual different time zones and different set ups
Regards
  • #2,510
  • Oct 3, 2006 4:17am Oct 3, 2006 4:17am
Hi Howard,

The current candle opened at 8am GMT, 4am EST.

HK
Quoting howard
What time did your candle open? Mine will open at 10:00 GMT

As usual different time zones and different set ups
  • #2,511
  • Oct 3, 2006 4:23am Oct 3, 2006 4:23am
This isn't as sexy as Mouteki trendlines but it sure works well! Beautiful long signal fired off over 24 hours ago~
Attached Image
Trade what you see - Not what you think
  • #2,512
  • Oct 3, 2006 4:24am Oct 3, 2006 4:24am
Agreed.
Quoting jumper
How about this: let's all stay out of this thread unless we are posting questions ourselves. This way, Mouteki would be able to clear the questions faster.
  • #2,513
  • Oct 3, 2006 4:31am Oct 3, 2006 4:31am
Most of them are either in general room, or Mouteki room. None in the other rooms.... Your the man!


Quoting moutekitrader
Wow...I didnt even realize that. I have yet to use this software but I like the whole idea behind it thats why I threw the idea out there. Are there a lot of mouteki traders currently using this tool?
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #2,514
  • Oct 3, 2006 4:32am Oct 3, 2006 4:32am
Im not sure the MM works with the Yen pairs..way to much manipulation goes on by the BOJ.

Anyway, I have been stopped out for -42 on the latest spike up. I was short from 149.72
  • #2,515
  • Oct 3, 2006 4:33am Oct 3, 2006 4:33am
Me too. Strange though, Mouteki used example charts with the EURJPY.
Attached Image
  • #2,516
  • Oct 3, 2006 4:35am Oct 3, 2006 4:35am
It doesn't get any better than this. Who let the dogs out?

Who said you can't make money following smaller time frame charts!

Update:

A good deal of the downside work on both USD/JPY and EUR/JPY has quickly been reversed as traders react to the headline that North Korea will conduct a nuclear test. The second headline has added the words 'in future', but this hasn't been enough to discourage some flight away from the yen.
Attached Image
Trade what you see - Not what you think
  • #2,517
  • Oct 3, 2006 4:38am Oct 3, 2006 4:38am
Quoting jacko
Hi FXASIA,

How did you decide on TP of 2790 ??

a) The downward sloping resistance line (2937 and 2833) ?? or
b) some Elliott Wave number ?? or
c) some Fib number ??


jacko
Personally I am back short on this pair having retraced from 12638 61.8% to 12757, looking for a Moutiki to confirm in the next 3 blocks or so.
This space intentionally left blank.
  • #2,518
  • Oct 3, 2006 4:38am Oct 3, 2006 4:38am
Shorted from 149.90, still in but not in good shape and no hope.
Regards
  • #2,519
  • Oct 3, 2006 4:41am Oct 3, 2006 4:41am
<table style="border-style: groove; font-family: Arial; font-size: 7.5pt; width: 100%;" id="NewsIndex" border="0" cellpadding="2" cellspacing="1"><tbody><tr style="color: Black; background-color: White;"><td style="font-weight: bold;" halign="left" nowrap="nowrap" valign="top" width="60">05:14</td><td>Looks like the N. Korea news is behind this yen selling.</td> </tr> <tr style="color: Black; background-color: rgb(231, 227, 231);"> <td style="font-weight: bold;" halign="left" nowrap="nowrap" valign="top" width="60">05:13</td><td>North Korea Foreign Ministry says to conduct nuclear test.
</td></tr></tbody></table>
They nuked our shorts! :/
Made 32 on USD/JPY short, now lost 30 on E/J, how ironic

The Dollar giveth, the Kim Il-Yong taketh away
Trust price. Know yourself.
  • #2,520
  • Oct 3, 2006 4:41am Oct 3, 2006 4:41am
!
Charting Markets into the Future...MǎҖ€¥.
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