Mouteki Trading | Page 134 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Mouteki Trading
Exit Attachments

Mouteki Trading

  • #2,661
  • Edited 1:32pm Oct 3, 2006 1:27pm | Edited 1:32pm
Quoting Clusterwise
Hi there

we might have a signal here and it supports my other signal in bound

this give me big trust on this trade, let us see

If the candel opened above broken trend

BUY EURUSD at 1.2750 ( approximation )
TP= 1.2880 ( 130 PIPS )
SL= 1.2715

EUR IS ABOVE A STRONG SUPPORT WHICH IS UNLIKELY TO BE BROKEN EVEN THERE IS A DAILY BEARISH TREND WHICH IS TRYING TO PUSH THE PRICE LOWER

GOOD LUCK ALL
hi, could you help explaining why it did not meterilzed
Attached Image
  • #2,662
  • Oct 3, 2006 1:30pm Oct 3, 2006 1:30pm
Quoting NipthePips
I am really scared/confused about GBPUSD lately...off mouteki for a bit, it keeps bouncing off of 50 FIB...so it is consilidating, but like, even though it should go up...is it? Is it starting a new channel. Some people argue if we got a new long signal, but signal or not, GBPUSD should go up...Over all its on its way up from the channel it was in on the daily chart and monthly is an over all up trend...so what is holding it down? Is it going to go up by the end of this week. Just want some guesses/ opinions on what you guys think
This is what I think, but I could be wrong. We have a bullish flag developing with an upward sloping banner. The upward sloping consolidation could be an indication of a "follow through". This pattern is generally "high probability" (But, of couse it could fail as nothing is 100% predictable). The 2 arrows in the diagram below could be time frames when the upward break will occur (news events tomorrow). The break out of consolidation looks like around the 1.8920 level, with a target in the region of the 1.9060 handle. The red dotted Mouteki line will most likely become the "new supply line" as it consolidates between 8860/8890 throughout the asian session. The dotted blue line may become new Mouteki demand line over the next 10 - 12 hours.

Nipper
Attached Image
  • #2,663
  • Oct 3, 2006 1:38pm Oct 3, 2006 1:38pm
What do you think?
Attached Image
"Loss and failure are inevitable but misery is optional"
  • #2,664
  • Oct 3, 2006 1:41pm Oct 3, 2006 1:41pm
Looks good to me. Anyone else?
Attached Image
"Loss and failure are inevitable but misery is optional"
  • #2,665
  • Oct 3, 2006 1:51pm Oct 3, 2006 1:51pm
Hi,

The setting are looking pretty good for long. But iam getting a target of 91 pips. I got in for a long position already.

BTW CARMAL, how do you manage to get the info in the right upper corner of the chart. Still iam doing manually all those things. Can you please provide me a clue about that.

Thanks
Aakif
  • #2,666
  • Oct 3, 2006 1:56pm Oct 3, 2006 1:56pm
No joy on my timezone, price is getting held back atm.
Gold however dropped around 20$ today, this can't be bad for the dollar...
Attached Image
Trust price. Know yourself.
  • #2,667
  • Oct 3, 2006 2:05pm Oct 3, 2006 2:05pm
Looks good to me as well. I am going long at 1.2450 With a profit target at 1.2545. Stop loss set at 1.2397 to accomodate for the 1.24 phsycological #.

My First trade using the mouteki system.

Paul
  • #2,668
  • Oct 3, 2006 2:23pm Oct 3, 2006 2:23pm
Quoting Nipper
This is what I think, but I could be wrong. We have a bullish flag developing with an upward sloping banner.
It seems that I have totally difference chart setup with yours......

http://www.raytracy.com/fxsetup/GBPU...800-gbpusd.gif

My data feeder is InterbankFX server with GMT+0 time zone....
- Ray Tracy - Novice forex trader from GMT+8
  • #2,669
  • Oct 3, 2006 2:29pm Oct 3, 2006 2:29pm
Quoting zs4me
hi llambert
if that so,does that mean he gets the same pip(104)

thanks for you quick reply
Well I got 100 earlier in my post, so 104 isn't that different.
  • #2,670
  • Oct 3, 2006 2:45pm Oct 3, 2006 2:45pm
Not so good from where I am sitting.
Attached Image
This space intentionally left blank.
  • #2,671
  • Oct 3, 2006 2:57pm Oct 3, 2006 2:57pm
My chart is now showing short but I will wait, as I did when it indicated long. I Don't like these line breaks when they are caused simply by a time drift rather than market action.
Attached Image
This space intentionally left blank.
  • #2,672
  • Oct 3, 2006 3:01pm Oct 3, 2006 3:01pm
Quoting jumper
There is no short signal from your chart. No candle did open below the demand line...
yes there was. The one that i marked with circle.
That was the sign, wasn't it ?
i opened a position sell there at 117.41 (low of the circle one) but it was gone up.
I get confused here. Please explain to me.Thank you
Trade wise !
  • #2,673
  • Oct 3, 2006 3:03pm Oct 3, 2006 3:03pm
The rules of the Mouteki method are you enter long or short on the candle that opens above/below the demand/supply line. While the candle you circled breached the line no candle openend below it so there was no signal.
  • #2,674
  • Oct 3, 2006 3:05pm Oct 3, 2006 3:05pm
Quoting Uphios
My chart is now showing short but I will wait, as I did when it indicated long. I Don't like these line breaks when they are caused simply by a time drift rather than market action.
Are you sure you have your point A right? The 2nd candle to the left appears to be lower than the one you used... could be my eyes though.
  • #2,675
  • Oct 3, 2006 3:12pm Oct 3, 2006 3:12pm
Quoting jumper
Terrible, isn't it?

I was in that short too, but I managed to move my SL to break even before being stopped out.
i was sleeping when it moved down in the 6580 area and never got a chance to move anything before it was too late.

/Bo
  • #2,676
  • Oct 3, 2006 3:13pm Oct 3, 2006 3:13pm
Quoting llambert3
Are you sure you have your point A right? The 2nd candle to the left appears to be lower than the one you used... could be my eyes though.
Yup, looks OK. Three candles along that area all with 1.8857 as their low.
This space intentionally left blank.
  • #2,677
  • Oct 3, 2006 3:23pm Oct 3, 2006 3:23pm
Quoting NipthePips
So what is your take....long or short?


Or do u think we are just gonna have to wait until thursday.
NipthePips,

From my expeirence the market does not move much due to NFP coming out at end of week.Once NFP is out the market will continue. My .02 cents.

TimeFreedom
  • #2,678
  • Edited 3:59pm Oct 3, 2006 3:43pm | Edited 3:59pm
This is just an interesting idea to ponder....

In an earlier post, I was suggesting maybe an entry when a 1-hour chart opened over the same trendline drawn on the 4-hour chart would get a better entry on the large 1-bar moves. I went back to the GBPUSD on June 29-30,2006, the date of Example #3 in Mouteki's slide that Horace mentioned. The proper entry Long for me would have been at 8272. If I went to a 1-hour chart, it was actually worse, 8293. I guess because the 4 hour entry had the advantage of a pullback before the bar closed.

Then, I thought, what if I had I had 4 charts of 4-hour bars, but staggered an hour from each other. This would simulate what others are seeing around the world, because we can only be different by up to 3 hours, and then the 4th hour creates the same bar, just 4 hours ahead/behind.

The GBPUSD Long mentioned above had the following entry, depending on which chart triggered first: 8263, 8272, 8273, 8293

This explains a 30 pip difference between entries around the world on this one trade. Looking back, I found that most trades occur on all 4 charts, it's just that the entry prices are different. Food for thought, in case you want to try it out....

[EDIT] On second thought - maybe time zone #3 is the best entry on one trade, and the worst entry on the next trade. I think Mouteki said it once, that your time zone didn't really matter - that it would all even out in the long run. Anyway, interesting.....
  • #2,679
  • Oct 3, 2006 3:44pm Oct 3, 2006 3:44pm
hi, there is the last eurusd chart. i think it will you the clue.

Quoting zs4me
hi, could you help explaining why it did not meterilzed
Attached Image
  • #2,680
  • Oct 3, 2006 3:46pm Oct 3, 2006 3:46pm
Quoting TimeFreedom
NipthePips,

From my expeirence the market does not move much due to NFP coming out at end of week.Once NFP is out the market will continue. My .02 cents.

TimeFreedom

Ha! You dont say? This is my first time really trading during NFP week, so I wouldnt know, no wonder I am behind my weekly goal
Nothing is hard, some things just take more time and discipline.
3 traders viewing now