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Attachments: Nchosen's trades by Mouteki rules
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Nchosen's trades by Mouteki rules

  • #81
  • Sep 29, 2006 5:41am Sep 29, 2006 5:41am
Quoting nchosen
Closed this one manually. No logical reason. Maybe I regret it later .
Made +32 pips.
Great call to me. It'd been better at the low of that candle, but oh well The idea is to make money anyway. I even thought, heck if I can get +40 off (+20 on aud and nzd) every Mouteki trade, I've done good. You can buy 2 or 3 lots instead of 1 and make the same pip projection. Next week may be a reversal anyway.
  • #82
  • Sep 29, 2006 5:47am Sep 29, 2006 5:47am
Quoting nchosen
Trade #11

Bar opened 1.8805
Projected 243 pips
TP @1.8562 (with EA ManageTakeProfit)
SL 81 (with EA ManageTakeProfit)
<!-- / message --><!-- attachments -->Decided to go with this one after some consideration. There is very strong downtrend and I also missed the previous setup. Wanted to see this in real action.
Closed manually @1.8706 +92 pips .
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  • #83
  • Sep 29, 2006 5:47am Sep 29, 2006 5:47am
Quoting nchosen
Closed this one manually. No logical reason. Maybe I regret it later .
Made +32 pips.
Your logic is as good as any EA. If you feel it's time to get out, do it. Regret doesn't come into the equation.
Screens are nice and clear now N, easy to look at what you're doing.
  • #84
  • Sep 29, 2006 5:55am Sep 29, 2006 5:55am
Trade

#1: closed +62 pips
#2: closed +10 pips
#3: closed -20 pips
#4: closed -43 pips
#5: closed -27 pips
#6: closed -24 pips
#7: closed -49 pips
#8: closed -20 pips (miscalculated projection and SL)
#9: AUD/USD +32 pips
#10: closed +10 pips
#11: GBP/USD +92 pips
#12: USD/CAD +10

Total L/P: +33 pips
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  • #85
  • Sep 29, 2006 5:57am Sep 29, 2006 5:57am
Quoting llambert3
Great call to me. It'd been better at the low of that candle, but oh well The idea is to make money anyway. I even thought, heck if I can get +40 off (+20 on aud and nzd) every Mouteki trade, I've done good. You can buy 2 or 3 lots instead of 1 and make the same pip projection. Next week may be a reversal anyway.
Thanks. I waited a bit too long, but +32 is ok for me.
  • #86
  • Sep 29, 2006 6:00am Sep 29, 2006 6:00am
Quoting PeterFM
Your logic is as good as any EA. If you feel it's time to get out, do it. Regret doesn't come into the equation.
Screens are nice and clear now N, easy to look at what you're doing.
Thanks. Maybe I was ready for a weekend. Having not so good results at the beginning of the week - maybe I wanted to end up on positive territory at my first week of my Mouteki Journal.
  • #87
  • Edited 8:28am Oct 3, 2006 3:04am | Edited 8:28am
Hi,

After "huge" trading success of the first week of my journal I start a second week. I missed monday as a trading day, but "You're never late for Forex, because it will always be there". Heh eh.

Trade #13
Bar opened 117.49
Projected 84 pips
TP @116.65 (with EA ManageTakeProfit)
SL 42 (with EA ManageTakeProfit)

SL hit @117.91 -42 pips
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  • #88
  • Edited 4:37am Oct 3, 2006 3:15am | Edited 4:37am
Trade #14
Bar opened 149,74
Projected 92 pips
TP @148.82 (with EA ManageTakeProfit)
SL 46 (with EA ManageTakeProfit)

SL -51 hit <!-- / message --><!-- attachments -->
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  • #89
  • Edited 11:08am Oct 3, 2006 11:05am | Edited 11:08am
Trade #15

Bar opened 222.35
Projected 225 pips
TP @224.60 (with EA ManageTakeProfit)
SL 72 (with EA ManageTakeProfit)
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  • #90
  • Oct 3, 2006 11:18am Oct 3, 2006 11:18am
Quoting nchosen
Trade #15

Bar opened 222.35
Projected 225 pips
TP @224.60 (with EA ManageTakeProfit)
SL 72 (with EA ManageTakeProfit)
Hey the eur/jpy and usd/jpy hit your s/l because of gbp/jpy and it's buy. These tend to ride together.
  • #91
  • Oct 3, 2006 3:06pm Oct 3, 2006 3:06pm
Quoting llambert3
Hey the eur/jpy and usd/jpy hit your s/l because of gbp/jpy and it's buy. These tend to ride together.
If there is a simultanious signal in two correlated pairs which one are you going to take?

If the other is taken previously then you are not going to take another if it is in wrong direction (according to correlation)?! This is quite logical.
  • #92
  • Oct 4, 2006 6:30am Oct 4, 2006 6:30am
SL hit @222.55 +10 pips
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  • #93
  • Oct 4, 2006 6:35am Oct 4, 2006 6:35am
Quoting nchosen
If there is a simultanious signal in two correlated pairs which one are you going to take?

If the other is taken previously then you are not going to take another if it is in wrong direction (according to correlation)?! This is quite logical.
hey this was just a guess. I don't know for sure.
  • #94
  • Oct 4, 2006 6:40am Oct 4, 2006 6:40am
Trade #16

Bar opened 0.6740
Projected 75 pips
TP @0.6665 (with EA ManageTakeProfit)
SL 40 (with EA ManageTakeProfit)
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  • #95
  • Edited 6:53am Oct 4, 2006 6:52am | Edited 6:53am
Trade #17

Bar opened 2.3519
Projected 182 pips
TP @2.3701 (with EA ManageTakeProfit)
SL 67 (with EA ManageTakeProfit)

A bit late, but there are still pips to go.
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  • #96
  • Edited 10:55am Oct 4, 2006 7:02am | Edited 10:55am
Bar opened 118.18
Projected 90 pips
TP @119.08 (with EA ManageTakeProfit)
SL 30 (with EA ManageTakeProfit)

SL hit @117.86 -31 pips
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  • #97
  • Oct 4, 2006 7:33am Oct 4, 2006 7:33am
Quoting llambert3
hey this was just a guess. I don't know for sure.
Check this out guys, Isotonic will help you here, he has all the answers.
http://www.forexfactory.com/forexfor...ht=correlation
  • #98
  • Oct 4, 2006 11:12am Oct 4, 2006 11:12am
Quoting PeterFM
Check this out guys, Isotonic will help you here, he has all the answers.
http://www.forexfactory.com/forexfor...ht=correlation
Great thread, Peter. I just wish someone had a truth table made for the majors. I do not know if I have time (and compherension) to make one.

nchosen
  • #99
  • Oct 4, 2006 11:25am Oct 4, 2006 11:25am
nchosen, i think you shouldnŽt put your sl to close there. mouteki is always a tricky litle thing. youŽll see it will go up, it just needs time. iŽve done the same and was always stopped out, always, instead off letting it go. truely you have to wath the market from time to time but those things sometimes happen just a day later.
  • #100
  • Oct 4, 2006 12:28pm Oct 4, 2006 12:28pm
Quoting Wallboroff
nchosen, i think you shouldnŽt put your sl to close there. mouteki is always a tricky litle thing. youŽll see it will go up, it just needs time. iŽve done the same and was always stopped out, always, instead off letting it go. truely you have to wath the market from time to time but those things sometimes happen just a day later.
I am learning the method and want to stick to the rules first. Then time will come when I have to adapt the method to my way of trading. At this early stage I want to see how this is working by the rules. This was only the start of my second week of trading in Journal section.

Wallboroff, I really appreciate every comment I get and make my notes after testing this for a while.


Thanks,

nchosen
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