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Mouteki Trading

  • #2,741
  • Oct 4, 2006 3:48am Oct 4, 2006 3:48am
Now is a Short...
  • #2,742
  • Oct 4, 2006 3:48am Oct 4, 2006 3:48am
Shifted to +10.
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I am JuMPeR.
  • #2,743
  • Oct 4, 2006 3:51am Oct 4, 2006 3:51am
Quoting GRACO
Now is a Short...
Always a short lol, I am +30 into the short.
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  • #2,744
  • Oct 4, 2006 4:13am Oct 4, 2006 4:13am
Quoting Carlos
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
Thanks Carlos! Certainly does help.....appreciate!

Cheers.....

Nipper
  • #2,745
  • Oct 4, 2006 4:16am Oct 4, 2006 4:16am
Quoting jumper
If you go strictly by the method, it is a failed signal (I got stopped out of my short too. *mad*)

The problem may have to do with the angle... depending on which line you use, it's either a 2 degree or 18 degree demand line that was broken.
Thank buddy.
  • #2,746
  • Oct 4, 2006 4:19am Oct 4, 2006 4:19am
anyone using InterbankFX chart? i smell 135pip going south...
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  • #2,747
  • Oct 4, 2006 4:20am Oct 4, 2006 4:20am
USDJ/JPY didn't give a short signal in my timezone as there never was a close below 117.60. The next viable signals will probably have to be over 118.50 or under 117.60 still. Personally I'd be expecting a long but EJ looks prone to fall.
Just saying that timezones are important in some cases and that there is no perfect one
Trust price. Know yourself.
  • #2,748
  • Oct 4, 2006 4:23am Oct 4, 2006 4:23am
Another likely failure because of the slope.
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  • #2,749
  • Oct 4, 2006 4:31am Oct 4, 2006 4:31am
Here's a case of hidden divergence for those interested.

As can be seen, OsMa is showing a higher high compared to the price's lower high... so it signifies that the downtrend will continue.

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I am JuMPeR.
  • #2,750
  • Oct 4, 2006 4:34am Oct 4, 2006 4:34am
Well, we didn't close over 150 but made a pin bar instead. We've been heading down ever since and the pin has been activated/broken.
We could very well be dropping off quite a bit, no?
Mouteki should signal in 20 minutes in my timezone.
Trust price. Know yourself.
  • #2,751
  • Oct 4, 2006 4:34am Oct 4, 2006 4:34am
And arguably, the daily is showing the same...
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  • #2,752
  • Oct 4, 2006 4:48am Oct 4, 2006 4:48am
hi...


I think the idea behind the Mouteki method is simply to trade from the charts with a trendline...adding all of these other indicators really makes the water cloudy with way to much information....to the point where it becomes difficult to make a decision to get into a trade...

All the indicators in the world wont take away the risk of trading...
  • #2,753
  • Oct 4, 2006 5:01am Oct 4, 2006 5:01am
Quoting jumper
Shifted to +10.
Yeah, decided to shift mine to break even before heading to bed last night, and what do you know. They managed to get the price down to my break even before the run a few hours ago. Oh well, another too bad for me. But, at least Mouteki was right and I learned another lesson - Either don't sleep, or unless +40 don't move s/l because that should NOT HAVE HAPPENED!!!

Yeah, sorry I am very upset right now.
  • #2,754
  • Oct 4, 2006 5:05am Oct 4, 2006 5:05am
Quoting jumper
Always a short lol, I am +30 into the short.
Mine just opens... >.< since its demo accout i have nothing to worry about i take the pill, but... i wonder is this ok i worries about price exhoustion...
http://img214.imageshack.us/img214/3834/pic2no0.gif
  • #2,755
  • Oct 4, 2006 5:23am Oct 4, 2006 5:23am
Short Cable
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Charting Markets into the Future...MǎҖ€¥.
  • #2,756
  • Oct 4, 2006 5:27am Oct 4, 2006 5:27am
Quoting Uphios
Personally I am back short on this pair having retraced from 12638 61.8% to 12757, looking for a Moutiki to confirm in the next 3 blocks or so.
Stepping out of my short here at 1.2685. I still think it has a little further to go but I am looking to get long in the next few bars ready for the anticipation of tomorrows interest rate announcement, and then (hopefully) short for a large step back down. That's the plan but as ever, play what you see.
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  • #2,757
  • Oct 4, 2006 5:36am Oct 4, 2006 5:36am
Quoting MaXeY
Short Cable
yes, same chart as me. but i still have to wait for another 1.5 hours as my H4 candle had not completed yet and still dunno where it's gonna open. 1.8800 support seems had been broken.
  • #2,758
  • Oct 4, 2006 5:37am Oct 4, 2006 5:37am
Works Cool
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  • #2,759
  • Oct 4, 2006 5:49am Oct 4, 2006 5:49am
Quoting llambert3
Yeah, decided to shift mine to break even before heading to bed last night, and what do you know. They managed to get the price down to my break even before the run a few hours ago. Oh well, another too bad for me. But, at least Mouteki was right and I learned another lesson - Either don't sleep, or unless +40 don't move s/l because that should NOT HAVE HAPPENED!!!

Yeah, sorry I am very upset right now.
Actually, even moving to +10 after reaching +40 may sometimes be a bad idea. There were quite a few times when I would have reached my TP if I hadn't shifted my SL (and it wouldn't have been hit anyway).

I got out of this pair at +54 earlier.
I am JuMPeR.
  • #2,760
  • Oct 4, 2006 5:55am Oct 4, 2006 5:55am
Quoting MaXeY
Short Cable
Hello Maxey,
Just for the purpose of my understanding, can you mark the highest high , trendline intersection with highest high etc and how you arrive at the 147 pip projection. Thanks a bunch.
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