Is Mouteki really profitable?? | Forex Factory

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Is Mouteki really profitable??

  • #1
  • First Post: Oct 4, 2006 2:31am Oct 4, 2006 2:31am
hey guys.. was jnust looking at mouteki's way of trading.. and the texts that he has managed to put together are awesome.. also the poll results.. forced me to check his sutff out in the first place.. but i just want to know from people other than mouteki.. can anyone here tell me whether after using his method.. he has been able to earn profits consistently?? dont get me wrong.. im not being sarcastic or critical.. i just need some info on this to get an insight on it.. thanx a lot everyone..
BECAUSE I CAN !
  • #2
  • Oct 4, 2006 2:42am Oct 4, 2006 2:42am
Hey,

I have been using the MM live and have done so for a few weeks...but I do not stick 100% to the method, I feel that it could be better.

Answer to your question is yes it is profitable -for me anyway and there would seem to be a lot of demo traders that are doing well using it... any method can be profitable...the question is does this method suit you? You might find that it works well with Vegas... it is another tool.
  • #3
  • Oct 4, 2006 2:43am Oct 4, 2006 2:43am
I'm relatively new at trading FX, however I've traded stocks for over 10 years. A lot of what I know about stocks and their movement I've thrown out the window in favour of learning new techniques for FX.

I like Mouteki's trending system. Its given me a consistent base to work from. Used in conjunction with what I am learning from the James 16 PF its already made some improvement to the way I trade.

As for earning profits consistently, I think money management is far more important than any system you can plot on a chart.
  • #4
  • Oct 4, 2006 3:23am Oct 4, 2006 3:23am
Quoting Jarret
Hey,

I have been using the MM live and have done so for a few weeks...but I do not stick 100% to the method, I feel that it could be better.
I agree to the statement. Sticking 100% to mouteki, profitable? I don't know I use lots of discretion, price pattern and other price action to confirm the trades, using that it works. Something is missing to the original formula, but I hope mouteki will reveal his strategy further and also explain a bit how he filters trades.
  • #5
  • Oct 4, 2006 3:33am Oct 4, 2006 3:33am
Hi,

I've been using the Mouteki method live since Monday
25th, just trading the cable, and i' ve taken just 2
trades, a sell last Wed which gave +103 points and then
Monday a buy trade for 145 points.
This works for me - but i've just had a look at the GB/USA
thread on the niche Mouteki forum and there are postings
about using a "hidden divergence indicator" - PEOPLE
PLEASE!!!!! we are getting way off the track and more
than likely going down blind alleys which will result
in the Mouteki method being discredited.
The MM is ALL ABOUT SIMPLICITY - Trend lines being
defined by price action only.
And whilst mentioning price action, the post by
Dareus about the DeMark filters is, i believe, a vital
piece of the jigsaw, i.e using price action to sort out the dud trades from the profitable ones.
  • #6
  • Oct 4, 2006 3:43am Oct 4, 2006 3:43am
I can't help but find it amusing that a system can be verified profitable just by taking a few trades that played out well.
I am JuMPeR.
  • #7
  • Oct 4, 2006 3:55am Oct 4, 2006 3:55am
Quoting jumper
I can't help but find it amusing that a system can be verified profitable just by taking a few trades that played out well.

hahaaa... i just had 5 trades in a row.. profitable.. $150 bucks.. im sold... im changing my signature ..
BECAUSE I CAN !
  • #8
  • Oct 4, 2006 3:57am Oct 4, 2006 3:57am
Quoting YasirYar
hahaaa... i just had 5 trades in a row.. profitable.. $150 bucks.. im sold... im changing my signature ..
LOL, then you are in the wrong forum. Shoo!
I am JuMPeR.
  • #9
  • Oct 4, 2006 4:02am Oct 4, 2006 4:02am
Quoting jumper
LOL, then you are in the wrong forum. Shoo!

hahah never thought such a good time would come.. and that too in one night?? awesome id just like to tell all the people viewing this thread that you should atleast demo with mouteki system.. and im sure ull find the differnece in it.. coz first of all.. it has no indicators.. its easy to use.. do try it.. and give me feedback im off TRYING to sleep now.. cya
BECAUSE I CAN !
  • #10
  • Oct 4, 2006 4:09am Oct 4, 2006 4:09am
Mouteki WORKS COOL !

Here my trades Result from last week...

But till now Moutaki system not Perfect 100% theres some failed trades we did.. so hope mouteki Forward us with how to filter this fake signals.
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #11
  • Oct 4, 2006 4:13am Oct 4, 2006 4:13am
Quoting MaXeY
Mouteki WORKS COOL !

Here my trades Result from last week...

But till now Moutaki system not Perfect 100% theres some failed trades we did.. so hope mouteki Forward us with how to filter this fake signals.

hey maxey.. well i guess if u have 7 outta 10 trades going your way.. its more than enuf.. dont u think?? no system is 100 percent..
BECAUSE I CAN !
  • #12
  • Oct 4, 2006 4:26am Oct 4, 2006 4:26am
Quoting YasirYar
hey maxey.. well i guess if u have 7 outta 10 trades going your way.. its more than enuf.. dont u think?? no system is 100 percent..
Yep...
Charting Markets into the Future...MǎҖ€¥.
  • #13
  • Oct 4, 2006 4:56am Oct 4, 2006 4:56am
Hi!
Just wanted to add:
I believe that no matter what the results are, this system teaches everyone two very very important aspects of trading:

1. You can trade profitably off of higher timeframes
2. Trading takes patience and faith in your trade (= not exiting early e.g.)

Overview is more important than chasing 1M, 5M, 15M timeframes

Good luck with everyone's trading!
Trust price. Know yourself.
  • #14
  • Oct 4, 2006 5:05am Oct 4, 2006 5:05am
Mouteki is so objectively simple. No guess work. No complex indicator combo.

Just made about 200+ pips today.

If I keep this up, 2000 pips per month is possible!
  • #15
  • Oct 4, 2006 5:09am Oct 4, 2006 5:09am
Quoting SeekingLight
Hi!
Just wanted to add:
I believe that no matter what the results are, this system teaches everyone two very very important aspects of trading:

1. You can trade profitably off of higher timeframes
2. Trading takes patience and faith in your trade (= not exiting early e.g.)

Overview is more important than chasing 1M, 5M, 15M timeframes

Good luck with everyone's trading!
Hi SL
I don't think you're SeekingLight any more, I think you've seen the light
  • #16
  • Oct 4, 2006 5:14am Oct 4, 2006 5:14am
Quoting BurgerKing
Mouteki is so objectively simple. No guess work. No complex indicator combo.

Just made about 200+ pips today.

If I keep this up, 2000 pips per month is possible!
2000 pips a month for a few months...Ah!! I'd become a fat cat much sooner than I anticipate. keep up the great work
  • #17
  • Oct 4, 2006 5:15am Oct 4, 2006 5:15am
Quoting SeekingLight
Hi!
Just wanted to add:
I believe that no matter what the results are, this system teaches everyone two very very important aspects of trading:

1. You can trade profitably off of higher timeframes
2. Trading takes patience and faith in your trade (= not exiting early e.g.)

Overview is more important than chasing 1M, 5M, 15M timeframes

Good luck with everyone's trading!
100% with you mate

kateeus
  • #18
  • Oct 4, 2006 6:49am Oct 4, 2006 6:49am
Quote
2. Trading takes patience and faith in your trade (= not exiting early e.g.)

and i'm still learning that. hopefully, i will get over it......
  • #19
  • Oct 4, 2006 7:37am Oct 4, 2006 7:37am
I am the fan of mouteki method and using this strategy give me better understanding of the trend line and projected profit. The exit strategy and SL is also well done by Mouteki but I do have my own method as mentioned in Mouteki method group before.

If you just follow Mouteki trading method with strict money management ( that is don't trade more than 5% of your capital per trade and downdrawn should be less than 15% ), close half the trade when profit is more than 50% of the projected profit and let the balance of the trade earn more profit by using TS as mentioned by Mouteki. Then it is not difficult to have a monthly profit return of 50% of the total capital.
  • #20
  • Oct 4, 2006 7:58am Oct 4, 2006 7:58am
Quoting divinefund
I am the fan of mouteki method and using this strategy give me better understanding of the trend line and projected profit. The exit strategy and SL is also well done by Mouteki but I do have my own method as mentioned in Mouteki method group before.

If you just follow Mouteki trading method with strict money management ( that is don't trade more than 5% of your capital per trade and downdrawn should be less than 15% ), close half the trade when profit is more than 50% of the projected profit and let the balance of the trade earn more profit by using TS as mentioned by Mouteki. Then it is not difficult to have a monthly profit return of 50% of the total capital.
I am waiting for someone to lambast you again for the wild claims you seem to be making.
I am JuMPeR.
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