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Usd/Cad...Mouteki

  • #21
  • Oct 6, 2006 5:13am Oct 6, 2006 5:13am
It was unfortunate that I was away when USDCAD triggered!

I need a mouteki EA!
  • #22
  • Oct 6, 2006 6:33am Oct 6, 2006 6:33am
Quoting jumper
I got out of that trade already as I thought I cited a possible reversal. So since I don't want to get stopped out at +10 (just my premonition ), I exited somewhere near the current top.
Rumours of raising oil prices almost always move loonie up. Late in the evening yesterday Mouteki agreed, the second cross candle down around 1.1251, the 61.8 fibo around 1200. Out this morning at 1.1207. Breakfast is free. Now I can stay away from the numbers and wait. Luck is good.
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  • #23
  • Oct 6, 2006 6:46am Oct 6, 2006 6:46am
Hi Milan, Congratulations on your short trade. One thing I noticed on your chart is that the demand line you have drawn intersects through the body of subsequent candles. I was under the impression that the demand and supply lines must not pass thru the body of the candle. Can someone confirm one way or the other.

Thx Tony
  • #24
  • Oct 6, 2006 6:53am Oct 6, 2006 6:53am
Quoting balat
Hi Milan, Congratulations on your short trade. One thing I noticed on your chart is that the demand line you have drawn intersects through the body of subsequent candles. I was under the impression that the demand and supply lines must not pass thru the body of the candle. Can someone confirm one way or the other.

Thx Tony
I've seen it play out just as nice going through candles, so I think this is just an impression we all had in the beginning.
  • #25
  • Oct 6, 2006 7:11am Oct 6, 2006 7:11am
Quoting balat
Hi Milan, Congratulations on your short trade. One thing I noticed on your chart is that the demand line you have drawn intersects through the body of subsequent candles. I was under the impression that the demand and supply lines must not pass thru the body of the candle. Can someone confirm one way or the other.

Thx Tony
Thank you Tony.

All Mouteki says is that true points of support are only those which lows has two candles to the left of it and two candles to the right of it which lows do not exceed the low you are using. See post number 1 in the Mouteki materials thread.
  • #26
  • Oct 6, 2006 7:13am Oct 6, 2006 7:13am
Quoting milan47
Thank you Tony.

All Mouteki says is that true points of support are only those which lows has two candles to the left of it and two candles to the right of it which lows do not exceed the low you are using. See post number 1 in the Mouteki materials thread.
Sorry, I meant thank you Balat... Maybe I should just take some more Valium..sorry again
  • #27
  • Oct 6, 2006 8:02am Oct 6, 2006 8:02am
Well, I do hope you got out in time... price is shooting up as I type.

I do know though that getting out of my long was indeed a good idea -- better than being stopped out at +10.
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I am JuMPeR.
  • #28
  • Oct 11, 2006 4:55pm Oct 11, 2006 4:55pm
loonie last pic
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  • #29
  • Oct 12, 2006 7:42pm Oct 12, 2006 7:42pm
Short Usdcad...
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  • #30
  • Oct 17, 2006 1:42am Oct 17, 2006 1:42am
Quoting Horace Kent
Short Usdcad...
Horace, what time frame is that chart from and what time zone are you using on your charts?

Do you know how one can change the time zone on MT4?
  • #31
  • Oct 17, 2006 7:01am Oct 17, 2006 7:01am
Looks like a demand break just occurred
  • #32
  • Oct 17, 2006 8:37am Oct 17, 2006 8:37am
Quoting ra300z
Looks like a demand break just occurred
And what a horror.
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I am JuMPeR.
  • #33
  • Oct 17, 2006 8:48am Oct 17, 2006 8:48am
Quote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by ra300z

Looks like a demand break just occurred

</TD></TR></TBODY></TABLE>

yeh hope nobody got caught on that one. Personally I would have waited until the candle had broken low of the previous candle to trade... saying that I`m still learning
G
  • #34
  • Oct 17, 2006 8:56am Oct 17, 2006 8:56am
Hi Saaed,

TF is 4h, I don't think you can change the time zone in MT4 as it is dependent on the time zone of the broker providing the streaming data.

regards,
HK
Quoting saaedb
Horace, what time frame is that chart from and what time zone are you using on your charts?

Do you know how one can change the time zone on MT4?
  • #35
  • Oct 30, 2006 5:01pm Oct 30, 2006 5:01pm
I'm surprised this one didn't come up today. The supply line broke this morning, I got in for +35 pips. Not great, but decent.
  • #36
  • Oct 30, 2006 5:07pm Oct 30, 2006 5:07pm
Quoting ra300z
I'm surprised this one didn't come up today. The supply line broke this morning, I got in for +35 pips. Not great, but decent.
i personally dislike this pair..
BECAUSE I CAN !
  • #37
  • Oct 30, 2006 6:05pm Oct 30, 2006 6:05pm
Quoting ra300z
I'm surprised this one didn't come up today. The supply line broke this morning, I got in for +35 pips. Not great, but decent.
Thats why you use filters to avoid such bad cases.
  • #38
  • Oct 30, 2006 6:34pm Oct 30, 2006 6:34pm
Quoting saaedb
Thats why you use filters to avoid such bad cases.
How's that? I didn't use any "filters" since I don't want to filter out good trades
  • #39
  • Last Post: Feb 14, 2008 7:22pm Feb 14, 2008 7:22pm
Quoting karakoyunlar
loonie last pic
hi, i'm newbie in this forum. i just want to know, what is indicator name with blue and red line in this candle stick ( post # 28 ) ? And where i can get it ? sorry for bad english. thx
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