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Mouteki Trading

  • #3,221
  • Oct 8, 2006 9:33am Oct 8, 2006 9:33am
Ooops

I posted this in the main thread channel. But.....anyone looking at the 1D situation right now? Nice head and shoulders forming with a mouteki TD at it's neck line......440 or so pips projection if this goes through. Worth keeping an eye on, me finks.

L
"The market will rally from this or lower levels"
  • #3,222
  • Oct 8, 2006 9:47am Oct 8, 2006 9:47am
Quoting bellefemme
I'm new with Mouteki Method..
Does anyone can help me to read this chart?
Is it going to bearish or bullish?
Thank you..
Can you send us this indecator, if I am wrong it's wining solution idecator, so we will help you with that It's bulish till now and it's going to retrace a while and keep heading 119.90

Thanks
  • #3,223
  • Oct 8, 2006 9:50am Oct 8, 2006 9:50am
Quoting LightKeeper
Ooops

I posted this in the main thread channel. But.....anyone looking at the 1D situation right now? Nice head and shoulders forming with a mouteki TD at it's neck line......440 or so pips projection if this goes through. Worth keeping an eye on, me finks.

L
Nope! Don't see a "head and shoulders"! Would you mind posting a picture?

Regards,
Nipper
  • #3,224
  • Oct 8, 2006 9:56am Oct 8, 2006 9:56am
potential south movement
Attached Image
  • #3,225
  • Oct 8, 2006 10:09am Oct 8, 2006 10:09am
sideway movement can be expected


Quoting Clusterwise
Can you send us this indecator, if I am wrong it's wining solution idecator, so we will help you with that It's bulish till now and it's going to retrace a while and keep heading 119.90

Thanks
Attached Image
  • #3,226
  • Oct 8, 2006 10:10am Oct 8, 2006 10:10am
Quoting Nipper
Nope! Don't see a "head and shoulders"! Would you mind posting a picture?

Regards,
Nipper
LOL
It's a pretty crippled head and shoulders and is not on top of a trend. but still, it's kind of there. Left shoulder is a 2 day spike 14.9.06. then you have your top and then the right shoulder roughly the same height as the left (3.10.06). So yeah, cripple.....

Either way, trendline on the lows of 11.9 - 29.9....
"The market will rally from this or lower levels"
  • #3,227
  • Oct 8, 2006 10:12am Oct 8, 2006 10:12am
Quoting Horace Kent
USDJPY LONG @ 11735
PP: 11852
SL: 11688
Hi all

this quote from the first page on this thread, Target hit

what do you think about that guys

thanks
  • #3,228
  • Oct 8, 2006 12:58pm Oct 8, 2006 12:58pm
plz check the graph below; tell me what u think? Price projection failed.

http://8.15.8.198/gif/GAND_QABADemo.gif
  • #3,229
  • Oct 8, 2006 1:06pm Oct 8, 2006 1:06pm
Quoting altin2007
plz check the graph below; tell me what u think? Price projection failed.

http://8.15.8.198/gif/GAND_QABADemo.gif
Sure did....But it seems to have reached (pretty much exactly) the Demark version of price projection (projecting from the trendline at the point of cross rather than from the open of the next candle). I still reckon 2 positions is prolly the way to go
"The market will rally from this or lower levels"
  • #3,230
  • Oct 8, 2006 1:23pm Oct 8, 2006 1:23pm
then I think, is it better to apply Demark projection?
  • #3,231
  • Oct 8, 2006 1:30pm Oct 8, 2006 1:30pm
Quoting altin2007
then I think, is it better to apply Demark projection?
I think it probably depends where you're at. If you're entering in 4H against the trend in D1, you're likely to fall short of the higher (mouteki) projection. Unless you're entering after a double top / double bottom in D1.

If you're entering with the trend in D1, you might be able to scoop up many more pips than either projection.
"The market will rally from this or lower levels"
  • #3,232
  • Oct 8, 2006 1:35pm Oct 8, 2006 1:35pm
here another example, see graph below. demark projection and the mouteki projection is the same value however target price is way below.
I am new to the mouteki method however target range is missed way below

http://202.161.164.227/gif/GAND_QABADemo.gif
  • #3,233
  • Oct 8, 2006 1:43pm Oct 8, 2006 1:43pm
can u plz tell me what is exactly double top/double bottom? by the way all my charts are based on 4hr...
  • #3,234
  • Oct 8, 2006 1:51pm Oct 8, 2006 1:51pm
Quoting LightKeeper
LOL
It's a pretty crippled head and shoulders and is not on top of a trend. but still, it's kind of there. Left shoulder is a 2 day spike 14.9.06. then you have your top and then the right shoulder roughly the same height as the left (3.10.06). So yeah, cripple.....

Either way, trendline on the lows of 11.9 - 29.9....
OK, now I see it ..........thanks!

Yeah, you're right......crippled is a good way of putting it! :surprised

Nipper
  • #3,235
  • Oct 8, 2006 2:05pm Oct 8, 2006 2:05pm
I was holding short position since friday:

http://img522.imageshack.us/my.php?image=gbpusdbh9.gif

Happy trading this week,
{Promotion Removed}
  • #3,236
  • Oct 8, 2006 3:05pm Oct 8, 2006 3:05pm
usd/jpy is heading toward 120.00 (fibo expansion level of 161.8)

http://img426.imageshack.us/my.php?i...pydailyzs9.gif

Hope to hit my target:

http://img102.imageshack.us/my.php?image=usdjpyoi8.gif


Good luck to me!
{Promotion Removed}
  • #3,237
  • Oct 8, 2006 3:14pm Oct 8, 2006 3:14pm
there is a strong resistance in USDJPY coming from feb-march 2006. it is hard to broke this resistance easily.!
Attached Image
  • #3,238
  • Oct 8, 2006 6:02pm Oct 8, 2006 6:02pm
hi....


wcForex....are you telling me you held onto your trade after the 100pip plus move up against your trade in the following bar thats not shown on your chart...?
  • #3,239
  • Oct 8, 2006 6:31pm Oct 8, 2006 6:31pm
Quoting Nipper
OK, now I see it ..........thanks!

Yeah, you're right......crippled is a good way of putting it! :surprised

Nipper
LOL yeah but dem fings dount hufta be purfukt. All they do is reflect sentiment. They're not there to look pwetty
"The market will rally from this or lower levels"
  • #3,240
  • Oct 8, 2006 6:39pm Oct 8, 2006 6:39pm
If that is a viable head and shoulders formation (the one thing which bothers me about it is the disparity in the neck lines on the 2 sdes) then your target is around 1.8624. Nice little pile of pips if it turns out. The general rule on probability of a head and shoulders breaking is supposed to be highest on the right shoulder, but in this case that has already fully formed and broken the neck line.
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