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Is Mouteki really profitable??

  • #81
  • Oct 7, 2006 7:26am Oct 7, 2006 7:26am
you guys are awesome....Jumper thank you so much again.
  • #82
  • Oct 7, 2006 7:51am Oct 7, 2006 7:51am
It would be great if there was a program out there which could go through all the currency pairs, and potentially identify the buy/sell say of the supply/demand line. Nothing is impossible......
  • #83
  • Oct 7, 2006 8:41am Oct 7, 2006 8:41am
Quoting Horace Kent
Week of Sept 24-29: +569 pips

Week of Oct 1-6: +124 pips

All trades based purely on Mouteki methodology. No trades taken on NFP day.

Have a great Thanksgiving everyone! (Canadian eh)
Congrats!

Did you trade the Mouteki strictly the way he described it or did you use any filters?

How many lots are you trading? What was your win/loss percentage in those 2 weeks?
  • #84
  • Oct 7, 2006 9:36am Oct 7, 2006 9:36am
Quoting YasirYar
man i wanna save my money.. but theres only 2 trades a week on a particular currency u do the math.. heheh
At two trades a week , if you are correct that means it would take one year, not two to get one hundred trade signals.So , I don't really know what you're talking about. Also if you manually backtest you'll have the data in a matter of days or weeks , depending how much time and effort you put into it.
  • #85
  • Oct 7, 2006 11:05am Oct 7, 2006 11:05am
I agree 100%

Quoting Menchifus
For those who lost money last week, don't despair. Remember that its a huge numbers week. Many successful traders and system creators recommend never to trade right before an important number, especially nonfarm payrolls.

I was actually short cable right before nonfarm payrolls, I placed my stop after I've already made 60pips. If it wasn't for that crazy up move right before the big down move, I would've made more money. As it was, I got stopped out with a smaller profit.

Again, in a numbers week, ALL BETS ARE OFF.
  • #86
  • Oct 7, 2006 12:04pm Oct 7, 2006 12:04pm
Quoting jumper
Ok, fair enough.

Your first question: "Supply/Demand line; how do you know which one to pick?".

At any time, you should draw both the supply and demand line on your chart. The one to "pick" will depend on which line is breached. For a good trade, it should be a clear one way break -- either you get a short signal when price drops below the upward sloping demand line, or a long signal when price rises out of the downward sloping supply line.

Then you also asked: "but i still didn't get it whether to pick 1st and 2nd point from the top (supply) or bottom (demand). can u explain more plz."

Since we want to see both the demand and supply lines on the chart, it follows that we will have 4 points -- 2 points of resistance that make up the supply line, and another 2 points of support to make up the demand line. Just to emphasize, the way to draw the lines would be to look from right to left.

Downward sloping supply line. Find the most recent point of resistance and this would be your point 1 for supply line. Then look left and find the next point of valid resistance that is higher than point 1. Remember that the supply line must be downward sloping.

Similarly for demand line, find the most recent point of support and this would be your point 1 for demand line. Then look left and find the next point of valid support that is lower than point 1. Now we need a lower point because the demand line must be upward sloping.

Now that you have the 2 lines in place, follow the price action. For a typical case, you will see the price moving within the region bordered by the top supply line and bottom demand line. When price moves out either way, we then take our signal accordingly.

Below is an example you can refer to. See how I have labelled the 4 points (A, B, C and D) that make up the 2 lines. Notice that the most recent bar has breached the top supply line. This signifies a break of the current downtrend and we will want to ride on the new uptrend. If we have a confirmation from the next candle opening above the supply line, then we go long.

Hope this helps; if not, please ask again. Specific questions will bring better answers.
When you say "valid support" for the second point, do you mean it is valid because the supply line does not cross through the body of any other candles, but it is still the lowest one?

Excellent post jumper. Helped to clear some things up for me. I see that you are useing an indicator. Is it Mouteki_heart_mono v2? is there one that works better than the others...or at least seems more accurate?

Thanks, Ebont74
  • #87
  • Oct 7, 2006 1:14pm Oct 7, 2006 1:14pm
Quoting Horace Kent
Week of Sept 24-29: +569 pips

Week of Oct 1-6: +124 pips

All trades based purely on Mouteki methodology. No trades taken on NFP day.

Have a great Thanksgiving everyone! (Canadian eh)

That's awesome Horace,

Do you mind if I ask which pairs you made that on? I think I'm trading too many.

Happy Thanksgiving eh
  • #88
  • Oct 7, 2006 3:39pm Oct 7, 2006 3:39pm
Quoting Ebont74
When you say "valid support" for the second point, do you mean it is valid because the supply line does not cross through the body of any other candles, but it is still the lowest one?

Excellent post jumper. Helped to clear some things up for me. I see that you are useing an indicator. Is it Mouteki_heart_mono v2? is there one that works better than the others...or at least seems more accurate?

Thanks, Ebont74
Hi Ebont74, by "valid support", I just mean an extreme low nested between 4 other higher lows, 2 on each side. By Mouteki method, supply/demand lines can cross the bodies of other candles. But note though that when this happens, it is likely that the supply/demand is too steep for a safe trade.

Regarding indicators, I am using the ancient version 1.. just using it to help me draw the line automatically.
I am JuMPeR.
  • #89
  • Oct 8, 2006 8:45am Oct 8, 2006 8:45am
My answer to the question in this thread is "yes". Here are my results in the last week.

EURUSD: +69, +45 pips
USDCHF: +75, +106
GBPUSD: +163, +59
USDJPY: +110
EURJPY: +61,+60
USDCAD: +80, +50
AUDUSD: +35, +32
NZDUSD: +57, +63
EURCHF: +32
EURGBP: +39
CHFJPY: +50, +44
AUDJPY: +38, +28
GBPJPY: +131

the results are very impressive!!!
you can follow the charts in my blog.
the pics are obtained every day at 21-23:00 GMT
  • #90
  • Oct 8, 2006 9:27am Oct 8, 2006 9:27am
Quoting karakoyunlar
My answer to the question in this thread is "yes". Here are my results in the last week.

EURUSD: +69, +45 pips
USDCHF: +75, +106
GBPUSD: +163, +59
USDJPY: +110
EURJPY: +61,+60
USDCAD: +80, +50
AUDUSD: +35, +32
NZDUSD: +57, +63
EURCHF: +32
EURGBP: +39
CHFJPY: +50, +44
AUDJPY: +38, +28
GBPJPY: +131

the results are very impressive!!!
you can follow the charts in my blog.
the pics are obtained every day at 21-23:00 GMT
all that in one week?? ....its amazing!.....used strictly mouteki or "tweaked mouteki"?
  • #91
  • Oct 8, 2006 9:36am Oct 8, 2006 9:36am
by just following trend lines drawn by demak_trend_new and its target points.
i did only follow the charts in demo accounts and i am very contrite for not used this in my real account. The results are so good and i will start to use this method in my real acoount also.

Quoting Shazzz
all that in one week?? ....its amazing!.....used strictly mouteki or "tweaked mouteki"?
  • #92
  • Oct 8, 2006 9:50am Oct 8, 2006 9:50am
Quoting karakoyunlar
by just following trend lines drawn by demak_trend_new and its target points.
i did only follow the charts in demo accounts and i am very contrite for not used this in my real account. The results are so good and i will start to use this method in my real acoount also.
Do you use the Stochastic Indicator in your charts as a filter for Mouteki Trading?
  • #93
  • Oct 8, 2006 9:52am Oct 8, 2006 9:52am
yes i strated it to use it for just confirmation of the big picture.

Quoting parabolic
Do you use the Stochastic Indicator in your charts as a filter for Mouteki Trading?
  • #94
  • Oct 8, 2006 9:58am Oct 8, 2006 9:58am
Wouah Impressive.

Horace could u tell me wich pair do you trade essentially and do u put order on thusday morning and wait that they reach projection or u cut before ?

Thanks for your help.
Oxyd

Quoting Horace Kent
Week of Sept 24-29: +569 pips

Week of Oct 1-6: +124 pips

All trades based purely on Mouteki methodology. No trades taken on NFP day.

Have a great Thanksgiving everyone! (Canadian eh)
  • #95
  • Oct 8, 2006 10:08am Oct 8, 2006 10:08am
From my view, all trading method that contribute by the FF member's here are profitable. It will be more profitable if you can understand the method 100%

QS.


Quoting YasirYar
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..
"Invest With The Insiders, Not The Masses" George Muzea
  • #96
  • Oct 8, 2006 11:17am Oct 8, 2006 11:17am
Quoting karakoyunlar
My answer to the question in this thread is "yes". Here are my results in the last week.

EURUSD: +69, +45 pips
USDCHF: +75, +106
GBPUSD: +163, +59
USDJPY: +110
EURJPY: +61,+60
USDCAD: +80, +50
AUDUSD: +35, +32
NZDUSD: +57, +63
EURCHF: +32
EURGBP: +39
CHFJPY: +50, +44
AUDJPY: +38, +28
GBPJPY: +131

the results are very impressive!!!
you can follow the charts in my blog.
the pics are obtained every day at 21-23:00 GMT
awesome.. way to go man !!
BECAUSE I CAN !
  • #97
  • Oct 8, 2006 11:43am Oct 8, 2006 11:43am
Quoting karakoyunlar
My answer to the question in this thread is "yes". Here are my results in the last week.

EURUSD: +69, +45 pips
USDCHF: +75, +106
GBPUSD: +163, +59
USDJPY: +110
EURJPY: +61,+60
USDCAD: +80, +50
AUDUSD: +35, +32
NZDUSD: +57, +63
EURCHF: +32
EURGBP: +39
CHFJPY: +50, +44
AUDJPY: +38, +28
GBPJPY: +131

the results are very impressive!!!
you can follow the charts in my blog.
the pics are obtained every day at 21-23:00 GMT
Are these PIPs based upon the projection by Mouteki or are they discretionary exits by you? Its indeed very impressive.....
  • #98
  • Oct 8, 2006 12:00pm Oct 8, 2006 12:00pm
Quote
by just following trend lines drawn by demak_trend_new and its target points.

demark_trend_new shows 4 target points for each demand/supply line. The first one is the "Mouteki" target - does anyone know what the other 3 are?

Thanks,
Innes.
  • #99
  • Oct 8, 2006 12:02pm Oct 8, 2006 12:02pm
My answer to the question in this thread is "yes". Here are my results in the last week.

EURUSD: +69, +45 pips
USDCHF: +75, +106
GBPUSD: +163, +59
USDJPY: +110
EURJPY: +61,+60
USDCAD: +80, +50
AUDUSD: +35, +32
NZDUSD: +57, +63
EURCHF: +32
EURGBP: +39
CHFJPY: +50, +44
AUDJPY: +38, +28
GBPJPY: +131

the results are very impressive!!!
you can follow the charts in my blog.
the pics are obtained every day at 21-23:00 GMT

Saw your blog and charts very impressive Karakoyunlar FX.DO You use any other tool besides MOuteki?


Ajay
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  • #100
  • Oct 8, 2006 12:10pm Oct 8, 2006 12:10pm
the results are very impressive but most back tested system results are. I did two Live Mouteki trade but took +17 on both cause didn't want play w/ NFP those where on the NZD and EUR/JPY that set up on Thurs.

turbo
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