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Mouteki Trading

  • #2,581
  • Edited 8:52am Oct 3, 2006 8:47am | Edited 8:52am
See the brilliant way the kiwi long is failing? Note that the yellow demand line was the valid one at the time the long signal was generated. The red demand line was not valid until the candle producing the long signal ended.

Note: The yellow line was correctly drawn but MT4's screen capture distorted the thing. The first point of the yellow line should be connecting the second most recent down fractal.
Attached Image
I am JuMPeR.
  • #2,582
  • Oct 3, 2006 8:49am Oct 3, 2006 8:49am
Quoting Horace Kent
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???
Demark_Trend indicator follow DeMark's rules, not mouteki's rules. The highs of the candles from left and right of the center candle must be less than the high of this middle candle. He did not said less or equal than the highest high. But now depends on the data provider, because other people got that pivot.
The trend isyour friend untilis about to end...
  • #2,583
  • Oct 3, 2006 8:51am Oct 3, 2006 8:51am
I am discussing neither short nor long. I am questioning the methodology. According to the methodology, should there be a new swing high or not?



Quoting jumper
They were discussing the short signal, not the long one...
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  • #2,584
  • Oct 3, 2006 8:55am Oct 3, 2006 8:55am
So according to Mouteki's rules, there SHOULD be a swing high up there right Hans?

Quoting hans_gregor
Demark_Trend indicator follow DeMark's rules, not mouteki's rules. The highs of the candles from left and right of the center candle must be less than the high of this middle candle. He did not said less or equal than the highest high. But now depends on the data provider, because other people got that pivot.
  • #2,585
  • Oct 3, 2006 8:55am Oct 3, 2006 8:55am
Quoting Horace Kent
I am discussing neither short nor long. I am questioning the methodology. According to the methodology, should there be a new swing high or not?
Your original understanding is correct.

Double check by refreshing -- put on that template again. At least for my old Mouteki indicator, I find that it sometimes does not auto refresh.
I am JuMPeR.
  • #2,586
  • Oct 3, 2006 8:59am Oct 3, 2006 8:59am
Horace, you need two lower highs on each side of a swing high. You don't have that in your chart. I believe two consecutive matching highs can be used, but again, only if there are two lower highs on each side of the two consecutive matching highs.
  • #2,587
  • Edited 9:15am Oct 3, 2006 9:01am | Edited 9:15am
Quoting Horace Kent
I am discussing neither short nor long. I am questioning the methodology. According to the methodology, should there be a new swing high or not?
Sorry, I thought that you knew something new regarding mouteki's rules. In this case the rules are the same. You must have lower highs on the right and left. In your chart, it's IBFX that's the problem. On my Alpari chart I have it.

EDIT: I did some investigation on this. It seems that if you will use Demark_trend indicator with LevDP=1, you will have a trendline there. Now I am really very confused. Because on those candles looks like should be a TL!!???
The trend isyour friend untilis about to end...
  • #2,588
  • Oct 3, 2006 9:11am Oct 3, 2006 9:11am
GBP looks confused, I guess stay out of it for now.
Btw, demand line looks pretty steep, maybe it's just a short retracement before it goes north again ...
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  • #2,589
  • Oct 3, 2006 9:14am Oct 3, 2006 9:14am
is this right or is point 2 too far back?
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Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #2,590
  • Oct 3, 2006 9:24am Oct 3, 2006 9:24am
What about this...
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  • #2,591
  • Oct 3, 2006 9:24am Oct 3, 2006 9:24am
Thanks for the examples. I didn't remember them.
  • #2,592
  • Oct 3, 2006 9:25am Oct 3, 2006 9:25am
Quoting africanpip
is this right or is point 2 too far back?
It's perfect.
I am JuMPeR.
  • #2,593
  • Oct 3, 2006 9:25am Oct 3, 2006 9:25am
Quoting karakoyunlar
2 charts at GMT and GMT+2. Which one do we have follow?
Yep, you can only do as good as what your charts say. All of the Mouteki trades that I have passed on have worked....Now, my luck, this one won't.. LOL, but who cares? Not me..... I am at peace.
  • #2,594
  • Oct 3, 2006 9:26am Oct 3, 2006 9:26am
Quoting Horace Kent
What about this...
Looks like a valid point.
  • #2,595
  • Oct 3, 2006 9:30am Oct 3, 2006 9:30am
Quoting branac
Looks like a valid point.
We need a party.
I am JuMPeR.
  • #2,596
  • Oct 3, 2006 9:32am Oct 3, 2006 9:32am
Quoting jumper
See the brilliant way the kiwi long is failing? Note that the yellow demand line was the valid one at the time the long signal was generated. The red demand line was not valid until the candle producing the long signal ended.

Note: The yellow line was correctly drawn but MT4's screen capture distorted the thing. The first point of the yellow line should be connecting the second most recent down fractal.
Pls forgive me for asking, but could you please explain the technicals in why this is a brilliant example of longs failing? i want to lean this down to the nitty detail.

thanks
Bo
  • #2,597
  • Oct 3, 2006 9:35am Oct 3, 2006 9:35am
I'm staying long in this one... hope it will head for 1.9136...
  • #2,598
  • Oct 3, 2006 9:35am Oct 3, 2006 9:35am
Quoting jbf
Pls forgive me for asking, but could you please explain the technicals in why this is a brilliant example of longs failing? i want to lean this down to the nitty detail.

thanks
Bo
Oops, sorry for the confusion... I meant "brilliant" in a sarcastic way. I am in this long, you see...

It seems to be failing; it has not failed yet. Can't draw any analysis till the end.
I am JuMPeR.
  • #2,599
  • Oct 3, 2006 9:36am Oct 3, 2006 9:36am
u right! it s better to follow only one chart and one gmt . there are so many alternatives giving more lucky pips



Quoting llambert3
Yep, you can only do as good as what your charts say. All of the Mouteki trades that I have passed on have worked....Now, my luck, this one won't.. LOL, but who cares? Not me..... I am at peace.
  • #2,600
  • Oct 3, 2006 9:46am Oct 3, 2006 9:46am
Quoting jumper
Oops, sorry for the confusion... I meant "brilliant" in a sarcastic way. I am in this long, you see...

It seems to be failing; it has not failed yet. Can't draw any analysis till the end.
thats ok :-) Im just interested in this technique.

Cheers,
Bo
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