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Is Mouteki really profitable??

  • #101
  • Oct 8, 2006 2:12pm Oct 8, 2006 2:12pm
the targets are all projections based on demark trend lines. if there is a big distance between 1st and 2nd targets i use the first line as my target. but if the target lines are so close you can choose a the line in the middle or high est/lowest one. the charts in my blog token day by day and projections are clearly seen.

Quoting et_phonehome_2
Are these PIPs based upon the projection by Mouteki or are they discretionary exits by you? Its indeed very impressive.....
  • #102
  • Oct 8, 2006 5:52pm Oct 8, 2006 5:52pm
I did find out that demark trend lines are created on mt4 platform , are they a part of the tool?
How do you derive them for your charts?

Thanks in anticipation.Also the links are the best on the blog.

Ajay
  • #103
  • Oct 9, 2006 2:54am Oct 9, 2006 2:54am
Quoting agz90
I did find out that demark trend lines are created on mt4 platform , are they a part of the tool?
How do you derive them for your charts?

Thanks in anticipation.Also the links are the best on the blog.

Ajay
yeap just use tha tindicator on ur 4H chart.. when there is a breach on the line.. (any one of them) it either signals a buy or a sell.. but u should go thru the documentation that moutaki has laid down for us in this forum.. thatd be a good way to get you going
BECAUSE I CAN !
  • #104
  • Oct 9, 2006 4:12am Oct 9, 2006 4:12am
Hi everyone

I am new to Mouteki and have just started to demo it on a couple of days last week. Unfortunately I had 3 losses straight away (cable, Eur and Yen)and not sure whether I applied incorrectly or whether it happened to be a bad MM moment.
So I'd like to confirm when to enter. Previous post seems to suggest TL break whereas MM doc states once new bar/candle has opened above/below trend line. How does the MM posse here play it?
Also, some people suggested adding Stoch 14.3.3 filter - does this mean trades are places only when market is overbought or -sold?

Many thanks in advance for advice!
Consistency and patience is everything
  • #105
  • Oct 9, 2006 4:16am Oct 9, 2006 4:16am
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.
you have fantastic avatar
  • #106
  • Oct 9, 2006 4:45am Oct 9, 2006 4:45am
Quoting karakoyunlar
the targets are all projections based on demark trend lines. if there is a big distance between 1st and 2nd targets i use the first line as my target. but if the target lines are so close you can choose a the line in the middle or high est/lowest one. the charts in my blog token day by day and projections are clearly seen.
Hi.
Do you use stops? Because I believe that at least a few trades would have been stoped out with a stop loss smaller than at least 40-80 pips sometimes, and the trade result in the end is a similiar size (R/R of close to 1).
Now I know that you can make quite a few pips without using stops, but it would be nice to know how yours were really made, especially considering you made them on demo(different emotional disposition).
Also I am a bit unclear as to whether you enter a trade on an OPEN of a new 4h bar(as per mouteki rules) or the second it moves past a trendline(prone to fakeouts).
I can see the breaks in themselves are valid, but sometimes like for the first downward break of USDCHF you didn't take the trade if I read it correctly?
And like I said, the stops seem to be either rather big or missing...could you please clear this up?

Good luck with your trading,

SeekingLight
Trust price. Know yourself.
  • #107
  • Oct 9, 2006 8:28am Oct 9, 2006 8:28am
hi seekinglight
thanks for your budy,
i have to say that i am also new in mouteki trading more than 10 days and as soon as i read mouteki notes i open my demo account and started to follow the rules. bcz it is demo i did not put any stop level, but just following the trend lines and wait for seeing what will be happen next?. especially on monday the trends and their targets drawn in charts will hit i the following days. of course some pairs made reverse movements first but at the end they hit the targets. you can follow them on the charts in my blog. i enclossed the pairs and take a pic everyday night at 21.00 GMT. you may see that sometimes the trend lines and their targets changed but the first target drawn on monday again and again hit. this is amazing. i just wanted to show this point. look at the chart on monday , set your entry and target points and wait. all handicaps will soon change and give positive results in a few hours or day. after the target drawnon monday hit you may set new points according to the new trend lines formed on charts. if you use multiple lots the partial reversal in some pairs of course may give margin call but if you use one or two lots/mini lots the results are perfect.


Quoting SeekingLight
Hi.
Do you use stops? Because I believe that at least a few trades would have been stoped out with a stop loss smaller than at least 40-80 pips sometimes, and the trade result in the end is a similiar size (R/R of close to 1).
Now I know that you can make quite a few pips without using stops, but it would be nice to know how yours were really made, especially considering you made them on demo(different emotional disposition).
Also I am a bit unclear as to whether you enter a trade on an OPEN of a new 4h bar(as per mouteki rules) or the second it moves past a trendline(prone to fakeouts).
I can see the breaks in themselves are valid, but sometimes like for the first downward break of USDCHF you didn't take the trade if I read it correctly?
And like I said, the stops seem to be either rather big or missing...could you please clear this up?

Good luck with your trading,

SeekingLight
  • #108
  • Oct 9, 2006 8:30am Oct 9, 2006 8:30am
tnx Ahil,
i searched so much on net to find it

Quoting Ahil
you have fantastic avatar
  • #109
  • Oct 9, 2006 1:13pm Oct 9, 2006 1:13pm
i did not take the trend in USDCHF you talked about bcz the pair break its demand line reached its first target and second was so near to the first. There is no way to make more pips seen in chart.

Quoting SeekingLight
Hi.

I can see the breaks in themselves are valid, but sometimes like for the first downward break of USDCHF you didn't take the trade if I read it correctly?
And like I said, the stops seem to be either rather big or missing...could you please clear this up?

Good luck with your trading,

SeekingLight
Attached Image
  • #110
  • Oct 9, 2006 1:42pm Oct 9, 2006 1:42pm
karakoyunlar: which EA are you using? Can you please post it? WHat are the different levels shown?
Believe and Achieve!
  • #111
  • Oct 9, 2006 3:19pm Oct 9, 2006 3:19pm
main indicator is demark trend, in order to confirm the signal forecast stach 14.3.3 and supersignals. you may see fischer Yur4ik or fischerofftrend indicators on charts posted in my blog but i did not advise them bcz they do not draw oversold and overbought area correctly in real time although it gives perfect impression when looking backward.

Quoting sirwolf
karakoyunlar: which EA are you using? Can you please post it? WHat are the different levels shown?
Attached File(s)
File Type: mq4 Demark_trend_new.mq4   14 KB | 571 downloads
File Type: mq4 super_signals_v1.mq4   1 KB | 566 downloads
  • #112
  • Oct 10, 2006 9:57am Oct 10, 2006 9:57am
karakoyunlar, you must be near your computer most of the time b/c when I tried that indicator last time it always changes its lines even in the middle of and upward or downward trend.
  • #113
  • Oct 10, 2006 1:41pm Oct 10, 2006 1:41pm
hi fbd83,
as i said before i DO NOT ADVISE fisher indicators bcz they do not work real time...
instead of them you may use Bollinger squeze indicators.

Quoting fbd83
karakoyunlar, you must be near your computer most of the time b/c when I tried that indicator last time it always changes its lines even in the middle of and upward or downward trend.
  • #114
  • Oct 10, 2006 3:24pm Oct 10, 2006 3:24pm
Quoting karakoyunlar
main indicator is demark trend, in order to confirm the signal forecast stach 14.3.3 and supersignals. you may see fischer Yur4ik or fischerofftrend indicators on charts posted in my blog but i did not advise them bcz they do not draw oversold and overbought area correctly in real time although it gives perfect impression when looking backward.
yeap.. both the EAs karakoyunlar gave u people rock.. i personally use them.. they are a big help.. although the second super signals EA does give out false signals.. czo when its signalling a short.. it goes long at times
BECAUSE I CAN !
  • #115
  • Oct 10, 2006 3:40pm Oct 10, 2006 3:40pm
all indicators do follow the price therefore neither has 100 % accurancy to predict future price actions. if it were not so we would not be here in this forum to find new methods and share them.

Quoting YasirYar
yeap.. both the EAs karakoyunlar gave u people rock.. i personally use them.. they are a big help.. although the second super signals EA does give out false signals.. czo when its signalling a short.. it goes long at times
  • #116
  • Oct 10, 2006 3:45pm Oct 10, 2006 3:45pm
Quoting karakoyunlar
main indicator is demark trend, in order to confirm the signal forecast stach 14.3.3 and supersignals. you may see fischer Yur4ik or fischerofftrend indicators on charts posted in my blog but i did not advise them bcz they do not draw oversold and overbought area correctly in real time although it gives perfect impression when looking backward.
Potentially dumb question:

Is the Demark Trend Line just a metatrader thing, or is it a tend line that is drawn any differently from how Mouteki describes??

Anyone with the quick and easy answer, please reply?!

Thanks!!
  • #117
  • Oct 10, 2006 4:32pm Oct 10, 2006 4:32pm
I know most of use guys are into the free MT charts. You can also find the DeMark Indicators @ http://www.tomdemark.com/

Thse are the same as the book but only run on CQG, Bloomber, Thomson

turbo
  • #118
  • Oct 10, 2006 4:37pm Oct 10, 2006 4:37pm
Quoting karakoyunlar
all indicators do follow the price therefore neither has 100 % accurancy to predict future price actions. if it were not so we would not be here in this forum to find new methods and share them.
yeap thatd be true
BECAUSE I CAN !
  • #119
  • Edited 11:31pm Oct 10, 2006 9:59pm | Edited 11:31pm
I'm not sure if this was answered or not but you guys are finding Three price projetion points in some of the new moutki/demark indicators that is because in Thomas DeMark boook "The New Science of Technical Analysis" he talks about three distinct methods to calculate price projections.


"TD Price Projectors
---------------------------------------------------------------
Price Projector 1:

Buy Signal-Calculate the difference between the lowest price low below the descending TD Line and the TD Line value immediately above it, and add that value to the breakout price.

Sell Signal-Calculate the difference between the highest price high above the ascending TD Line and the TD Line value immediately below it, and subtract that value from the breakout price.

Price Projector 2:

Buy Signal-Calculate the difference between the intradeay price low on the day in which the lowest close below the descending TD Line is recorded and the TD Line value immediately above it, and add that value to the breakout price.

Sell Signal- Calculate the difference between the intraday price high on the day in which the highest close above the ascending TD Line is recorded and the TD Line Value immediately below it, and subtract that value from the breakout price.

Price Projector 3:

Buy Signal -Calculat the difference between the close of the lowest intraday low and below the descending TD Line and the TD Line value immediately above it, and add that value to the breakout price.

Sell Signal-Calculate the difference between the close of the highest intraday high above the ascending TD Line and the TD Line value immediately below it, and subrtact that value from the breakout price."

"Also for the purposes of discussion and illustration, Demark generally refer to daily charts and data when in fact any other time period can be easily substituted"
  • #120
  • Oct 11, 2006 1:23am Oct 11, 2006 1:23am
karakoyunlari dont see how you implement stochs in your decisions for following a TL break or not. could you explain a little bit. also if you have a trend a trade that started at the end of friday, do you consider that as the first trade of the week on monday and then use that target as your first target of the week for that pair? kind of confused with how you come up with those first targets sometimes. also i have been following the mouteki and i dont see where we have multiple targets being explained, but when i put the demark trend indicator on, it shows multiple targets. any clues as to how these targets are calculated?
By the way, i visited your blog and have to comment you on an excellent job in documenting everything so nice. keep it up.
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