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Anyone still trading Mouteki? 45 replies

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Mouteki Trading

  • #2,561
  • Edited 8:18am Oct 3, 2006 8:08am | Edited 8:18am
!
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Charting Markets into the Future...MǎҖ€¥.
  • #2,562
  • Oct 3, 2006 8:14am Oct 3, 2006 8:14am
Quoting Horace Kent
That's unfortunate lambert because the audnzd trends nicely. I only started looking at the pair about a month ago myself.
yeah , this pair is trending even better than the mad dogs (gbp-jpy) !!

but it got a high spread with my Broker ( 12 pips ) !

good luck ppl
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  • #2,563
  • Oct 3, 2006 8:15am Oct 3, 2006 8:15am
Quoting Q
so r u guys shorting the gbp due to the trend line break?
There is NO trend break on our charts. You are in a different time zone I suppose
  • #2,564
  • Oct 3, 2006 8:16am Oct 3, 2006 8:16am
Quoting samyadly
yeah , this pair is trending even better than the mad dogs (gbp-jpy) !!

but it got a high spread with my Broker ( 12 pips ) !

good luck ppl

WOWSER, I wish I could've traded this one as I tried!!!!!
  • #2,565
  • Oct 3, 2006 8:17am Oct 3, 2006 8:17am
Arent we forgetting the resistance line?

im long on this one but are getting 2nd thoughts.

Best regards,
Bo
  • #2,566
  • Oct 3, 2006 8:17am Oct 3, 2006 8:17am
Well it looks like a definite break of the trendline now wouldn't you say?
  • #2,567
  • Oct 3, 2006 8:19am Oct 3, 2006 8:19am
Quoting llambert3
Well it looks like a definite break of the trendline now wouldn't you say?
Seems to be! But now, the tough part is finding a spot to get in.
I am JuMPeR.
  • #2,568
  • Oct 3, 2006 8:19am Oct 3, 2006 8:19am
I would think the attached chart would have already signaled the projection south 85 pips

Unless I'm doing something wrong? There is one point closer to the current price that is a LOW point - but I have seen in many of his examples that the projection can include points like that and still fullfill the PIPS projected.
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  • #2,569
  • Oct 3, 2006 8:27am Oct 3, 2006 8:27am
To me, this is a beautful setup. Doesn't mean a thing in Forex world, though.


I am in at 1.2444, s/l 1.2384 (60 pips), target 1.2544..

I put a 60 pip s/l only because in my backtesting of the franc, Mouteki was right most of the time, except a 30 or 40 pip s/l was hit first. I am willing to lose the 60 (which did happen twice in my backtesting for the month of September). So, I am ok with it at least.


http://picnac.com/images/9046usdchf.gif
  • #2,570
  • Oct 3, 2006 8:28am Oct 3, 2006 8:28am
Quoting jbf
Arent we forgetting the resistance line?

im long on this one but are getting 2nd thoughts.

Best regards,
Bo
Seems to be having serious problems breaking through 1.8900.

Neil.
  • #2,571
  • Oct 3, 2006 8:31am Oct 3, 2006 8:31am
Life is too uncertain.
I am JuMPeR.
  • #2,572
  • Oct 3, 2006 8:33am Oct 3, 2006 8:33am
Quoting jumper
Life is too uncertain.
yes, it sure is... I've decided when I see a Mouteki setup to just go for it (unless the tl cross and indecision is in place) and take the loss or get the gain.
  • #2,573
  • Oct 3, 2006 8:33am Oct 3, 2006 8:33am
Is it just me, or has the leader of these threads avoided answering even the simplest of questions regarding his method?

He's made quite an extensive forum/shrine dedicated to himself, but I don't see him actually helping anyone directly - with the exception of the documents he attached.

Don't misunderstand, I appreciate the system (and while it is not one that I am planning to use myself, I follow the threads to learn) and the fact that he has introduced it, but there are a lot of people left hanging here waiting for answers that never come.

Please, Mouteki, attend to those people you have brought along to this point. They seem to still have faith in you.

Ed
Indicators are to Price as Newspapers are to Bloomberg.
  • #2,574
  • Oct 3, 2006 8:36am Oct 3, 2006 8:36am
Quoting llambert3
yes, it sure is... I've decided when I see a Mouteki setup to just go for it (unless the tl cross and indecision is in place) and take the loss or get the gain.
And that's when you get a shock after seeing all red.
I am JuMPeR.
  • #2,575
  • Oct 3, 2006 8:37am Oct 3, 2006 8:37am
I'm confused. I thought that points where the highs/lows were the same would be valid points for trendlines. According to the indicator I'm using (Demark_Trend_New), there is no need to redraw the trendline yet. Am I wrong, or is the indicator???
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  • #2,576
  • Oct 3, 2006 8:39am Oct 3, 2006 8:39am
2 charts at GMT and GMT+2. Which one do we have follow?
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  • #2,577
  • Oct 3, 2006 8:40am Oct 3, 2006 8:40am
They were discussing the short signal, not the long one...
I am JuMPeR.
  • #2,578
  • Oct 3, 2006 8:40am Oct 3, 2006 8:40am
he will answer the questions, just give him time
  • #2,579
  • Oct 3, 2006 8:43am Oct 3, 2006 8:43am
Toss a coin.
I am JuMPeR.
  • #2,580
  • Oct 3, 2006 8:46am Oct 3, 2006 8:46am
hi...


Have only just started reading this thread...but asking...why would you be long on GBP..

The trendline in play right now would be the line started at the low on the bar around 1.8677 which for me the the open on this current bar opened below the line.....on my chart so did the previous 2 other bars but they were part of the set-up so should not have been used...I would not be going short till it breaks down past the 1st low point..in this case anyway @ 1.8855

do I have this right...or much more reading needed..
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