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Mouteki Trading

  • #2,701
  • Oct 3, 2006 3:42pm Oct 3, 2006 3:42pm
..shine a light....

Hi all, just wanted to give a heads up. I bailed my EJ short when we went back over 150.05 a second time, losing over 60 pips today being silly and trying to short a pair that's been destined for bullish glory for months...
And showed a bullish monthly price action tendency as well....
Ah well

Just wanted to say that if we close over this 150.30 in the next few hours, then we might be headed over 151.50 and 152+....according to Mouteki as well as anything else really I guess
Attached Image
Trust price. Know yourself.
  • #2,702
  • Oct 3, 2006 3:45pm Oct 3, 2006 3:45pm
like this then? im soo mad i was long @ 1.2507 , i will only make 37 pips
http://img227.imageshack.us/img227/8...chf2kp9.th.png
Egyptian and proud of it!
  • #2,703
  • Oct 3, 2006 3:57pm Oct 3, 2006 3:57pm
G-Dogg....

You are drawing the TL wrong. Read the doc, true s/r needs to have 2 lower/higher bars next to it in order to be called such.
Your 1st point used from the right has a higher candle as neighbor so is not a valid high.
Keep this in mind.

My Chart still has no long signal on GMT+2, just wanted to let you folks know...
Trust price. Know yourself.
  • #2,704
  • Oct 3, 2006 4:01pm Oct 3, 2006 4:01pm
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
Well we have Bernanke tomorrow, and I think he'll put a long green candle on the chart.
Attached Image
  • #2,705
  • Oct 3, 2006 4:06pm Oct 3, 2006 4:06pm
Quoting ssteiner87
Come on you all, I'm in english class, this is boring, let me know what my money is doing, help a brother out! I get out in 20 minutes.
You can check www.dailyfx.com and view the charts there.
  • #2,706
  • Oct 3, 2006 4:20pm Oct 3, 2006 4:20pm
HI everyone,

I agree that we are simply waiting for economic data, this is a consolidation period after an extensive move. If we look at the recent history of this currency these consolidation periods can last sometimes 80 hrs. And then continue the trend up. What is interesting is that in spite of the strong move upward of the usd/yen, the sterling stood it's ground. The news article said it's being propted up by the expected Boe rates staying the same. if the news comes in different, then we have a problem.
  • #2,707
  • Oct 3, 2006 4:21pm Oct 3, 2006 4:21pm
I am new to the forum. Learning a lot from the discussion here. Keep it going guys. Thanks.
  • #2,708
  • Oct 3, 2006 4:23pm Oct 3, 2006 4:23pm
  •  Carlos
  • | Joined Sep 2005 | Status: Commitment, planning and discipline | 65 Posts
I'm looking to go short again...... closed my long for 50 pips profit.... this could go higher... but i think 4 hr structure and hidden divergence indicate we could be short again... if not we will be back to 1.9000... after that it will prob be dependant on NFP......

Happy Trading
  • #2,709
  • Oct 3, 2006 4:33pm Oct 3, 2006 4:33pm
Quoting SeekingLight
G-Dogg....

You are drawing the TL wrong. Read the doc, true s/r needs to have 2 lower/higher bars next to it in order to be called such.
Your 1st point used from the right has a higher candle as neighbor so is not a valid high.
Keep this in mind.

My Chart still has no long signal on GMT+2, just wanted to let you folks know...
thanks for the advice, im still learning and i hope to perfect this method
Egyptian and proud of it!
  • #2,710
  • Oct 3, 2006 4:34pm Oct 3, 2006 4:34pm
Quoting g-dogg
like this then? im soo mad i was long @ 1.2507 , i will only make 37 pips
http://img227.imageshack.us/img227/8...chf2kp9.th.png
Hey g-dogg, just curious if you read the strategy yet? Not making fun, but you are missing something from the strategy. Re-read it about the candles. In any event, yes you will only make about 37 pips from your long, but considering it is down to where it is/and was, you should be happy. If I were you, I'd buy again to get a better average, but that is me. Not telling you what to do.
  • #2,711
  • Oct 3, 2006 4:46pm Oct 3, 2006 4:46pm
So, let's say this pair goes up 40 pips while I am sleeping tonight and I can't change the s/l to +10 and then it goes down before I wake up???? Just bad luck I guess.
  • #2,712
  • Oct 3, 2006 4:46pm Oct 3, 2006 4:46pm
Quoting Carlos
I'm looking to go short again...... closed my long for 50 pips profit.... this could go higher... but i think 4 hr structure and hidden divergence indicate we could be short again... if not we will be back to 1.9000... after that it will prob be dependant on NFP......

Happy Trading
Carlos,

If you wouldn't mind, can you show me a chart of the hidden divergence?

Nipper
  • #2,713
  • Oct 3, 2006 4:55pm Oct 3, 2006 4:55pm
Quoting Nipper
Carlos,

If you wouldn't mind, can you show me a chart of the hidden divergence?

Nipper
I can't see it ! Maybe because it's hidden ! "Joke".......
  • #2,714
  • Oct 3, 2006 5:23pm Oct 3, 2006 5:23pm
Quoting GreatYves
Ok LONG is cancel (took 6 pip only)... What's next?
In my chart, I have no cancel long or enter short signal....at this time....

http://www.raytracy.com/fxsetup/GBPU...000-gbpusd.gif
- Ray Tracy - Novice forex trader from GMT+8
  • #2,715
  • Oct 3, 2006 5:50pm Oct 3, 2006 5:50pm
Quoting SeekingLight
..shine a light....

Hi all, just wanted to give a heads up. I bailed my EJ short when we went back over 150.05 a second time, losing over 60 pips today being silly and trying to short a pair that's been destined for bullish glory for months...
And showed a bullish monthly price action tendency as well....
Ah well

Just wanted to say that if we close over this 150.30 in the next few hours, then we might be headed over 151.50 and 152+....according to Mouteki as well as anything else really I guess
i think your chart is totally wrong....right to left..
{Link Removed}]
  • #2,716
  • Edited 7:04pm Oct 3, 2006 6:03pm | Edited 7:04pm
Quoting llambert3
Hey g-dogg, just curious if you read the strategy yet? Not making fun, but you are missing something from the strategy. Re-read it about the candles. In any event, yes you will only make about 37 pips from your long, but considering it is down to where it is/and was, you should be happy. If I were you, I'd buy again to get a better average, but that is me. Not telling you what to do.
i read it but i kinda skimmed through it really fast, i just looked at the charts and got the basic idea, didnt get into much detail. i just dont have enough time to sit there and read the whole thing (im a high school student with 2 jobs, so no time at all). i cant sell and buy again because i kinda put the whole account at risk (newb mistake, but then again its only $150 im playing with) so i would end up loosing about $30. im on this forum to learn from pro traders like mouteki and others, and im accepting any critisim to help me better my self to become a pro at this . (right now im off to reading the strategy foreal)

EDIT: i just downloaded the mouteki indicator, its the best thing ever made THANK YOU WHO EVER MADE IT
Egyptian and proud of it!
  • #2,717
  • Oct 3, 2006 6:03pm Oct 3, 2006 6:03pm
Hi all,

Can i know is this a false sig? How to prevent this false sig? I believe when i enter the trade no news annouced and suddently Jpy annouce some news and causes this.

Pls advise.

http://picnac.com/images/2593fail%20sig.JPG
  • #2,718
  • Oct 3, 2006 6:15pm Oct 3, 2006 6:15pm
Quoting Jacgyc
Hi all,

Can i know is this a false sig? How to prevent this false sig? I believe when i enter the trade no news annouced and suddently Jpy annouce some news and causes this.

Pls advise.

http://picnac.com/images/2593fail%20sig.JPG
What false signal? The false sell that went up? I don't understand because you have an arrow pointing up with the word Entry, so it makes no sense to me what you are asking.

If you think the candle opening above that demand line was a buy, you only use the supply line to determine a buy, not the demand line (which you have drawn)
  • #2,719
  • Oct 3, 2006 6:33pm Oct 3, 2006 6:33pm
Question for Mouteki: From your document, the demand line can trigger a sell signal. The supply line can trigger a buy signal. Can a demand line also trigger a sell at any point? Could it be used as a level of support? And vice-verse with the demand line.
  • #2,720
  • Oct 3, 2006 6:34pm Oct 3, 2006 6:34pm
  •  Carlos
  • | Joined Sep 2005 | Status: Commitment, planning and discipline | 65 Posts
Nipper...type hidden divergence into a search engine... it will give a more length explanation and also more examples... Hidden divergence i believe is better for FX as it allows u to enter on a retracement of the trend, while classic divergence u are picking tops and bottoms against the trend (both are profitable if used well but i prefer hidden).

As u prob know, for a short entry with classic divergence u are looking for price to be making higher highs and the indicator to be making lower lows. BUT for hidden divergence for a short entry price must be making lower lows (hence with the trend)... but the indicator must be making higher highs....

Look at the MACD histogram on the GBP 4hr chart..... Also look at the CAD 4hr chart... 1.1250 could be agood sell as we could have a Gartley, with histogram divergence..... also classic divergence within the present MACD cycle.... i will be look for price to give me a short entry on CAD at this level...... GBP could retrace to 1.8800 and then move abck to 1.9000 to also give a Gartley short sell with hiddern divergence...

However, i'm not big in to trying to predict and will trade what i see when it happens....

Happy trading and i hope this helps..
Way past my bed time now.. CHeers
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