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Anyone still trading Mouteki? 45 replies

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Mouteki Trading

  • #3,481
  • Oct 12, 2006 3:16pm Oct 12, 2006 3:16pm
http://members.aol.com/f8222/eurusd.jpg
  • #3,482
  • Oct 12, 2006 3:17pm Oct 12, 2006 3:17pm
Hi,

I have recently begun receiving alerts which I am very excited about. My charts and quotes are not lining up with yours, for obvious reasons. So I'm wondering what the best way to handle the alerts would be.

For example: The last alert I received was a breach of the lower trend line for the USD/JPY:



<tt>1. Lower trendline was drawn by the indicator between the low of the
bar at 2006.10.11 08:00( price level of 118.90000000) and the low of
the bar at 2006.10.10 04:00( price level of 119.34000000)
2. The indicator has detected a qualified breach of that trendline by a
candle (bar) opening at a price of 119.58000000, below the trendline at
2006.10.12 12:00, after a cross of the trendline by a previous candle
(bar).

</tt>My chart has the recent qualifying low at 10/11/06; 4:00; low of 119.34
and the prior qualifying low at 10/9/06; 20:00; 118.90.

I am using Interactive Brokers data and Sierra Charts.
It is so different, it practically seems like I'm looking
at a different market than you are.

Any advice you can give would be greatly appreciated.

Thanks for all your great work.

Troy
  • #3,483
  • Oct 12, 2006 3:37pm Oct 12, 2006 3:37pm
euro long not confirmed yet in my chart but upward mov expected
Attached Image
  • #3,484
  • Oct 12, 2006 4:13pm Oct 12, 2006 4:13pm
eur/usd confirmed on my chart, long 2560
  • #3,485
  • Oct 12, 2006 4:34pm Oct 12, 2006 4:34pm
long confrmed..
Attached Image
BECAUSE I CAN !
  • #3,486
  • Oct 12, 2006 4:36pm Oct 12, 2006 4:36pm
one word...boring
its just money
  • #3,487
  • Oct 12, 2006 4:40pm Oct 12, 2006 4:40pm
Quoting croesusfx
eur/usd confirmed on my chart, long 2560
Yes, and a great setup. Long also.
  • #3,488
  • Oct 12, 2006 4:43pm Oct 12, 2006 4:43pm
Quoting YasirYar
long confrmed..
GMT is through the open, so not sure. In my backtesting, the trade still worked going through the open, but that is looking back and saying, "oh it would've worked",, I didn't buy this one, but this will probably be another "oh I should've bought it" moments.
  • #3,489
  • Oct 12, 2006 4:59pm Oct 12, 2006 4:59pm
Quoting jumper
As soon as the most recent candle appeared, the supply line you used for frame 1 was already incorrect. You should be using frame 2's supply line since the first point was then validated.
Yep Jumper is right. Sometimes, you have to draw a future line (or look at the chart closely) to see what may happen at the close of the current candle. You still may win if you took the trade, but I'd probably shoot for 10 pips and get out just in case.
  • #3,490
  • Oct 12, 2006 5:06pm Oct 12, 2006 5:06pm
Quoting tjnoonie
Hi,

I have recently begun receiving alerts which I am very excited about. My charts and quotes are not lining up with yours, for obvious reasons. So I'm wondering what the best way to handle the alerts would be.

For example: The last alert I received was a breach of the lower trend line for the USD/JPY:



<TT>1. Lower trendline was drawn by the indicator between the low of the
bar at 2006.10.11 08:00( price level of 118.90000000) and the low of
the bar at 2006.10.10 04:00( price level of 119.34000000)
2. The indicator has detected a qualified breach of that trendline by a
candle (bar) opening at a price of 119.58000000, below the trendline at
2006.10.12 12:00, after a cross of the trendline by a previous candle
(bar).

</TT>My chart has the recent qualifying low at 10/11/06; 4:00; low of 119.34
and the prior qualifying low at 10/9/06; 20:00; 118.90.

I am using Interactive Brokers data and Sierra Charts.
It is so different, it practically seems like I'm looking
at a different market than you are.

Any advice you can give would be greatly appreciated.

Thanks for all your great work.

Troy
Troy, first who are you referring to when you say "than you are"? There are plenty of different countries represented on this forum. What alert are you talking about? The automated alert itguy did or is this something you have on your chart? itguy is using GMT, you probably are not.

Now, if I were using a different timezone, say GMT+2 and got an alert based on GMT, it would be tough to see and determine targets etc., so I would only go by mine and when it hit. Another thing you can do is download Metatrader and somehow make sure GMT is the time and use that to determine your targets, etc.

I don't remember what I had to enter when I downloaded Metatrader, but maybe it uses the address to determine the time zone. It may ask you what time zone as well, just can't remember.
  • #3,491
  • Oct 12, 2006 5:17pm Oct 12, 2006 5:17pm
Quoting llambert3
I don't remember what I had to enter when I downloaded Metatrader, but maybe it uses the address to determine the time zone. It may ask you what time zone as well, just can't remember.
I sure itguy says he using IBFX charts that are gmt. I download demo of that and they are matching with itguy alerts. I get from http://www.interbankfx.com

Hope this helps anyone.
  • #3,492
  • Oct 12, 2006 7:24pm Oct 12, 2006 7:24pm
Quoting llambert3
GMT is through the open, so not sure. In my backtesting, the trade still worked going through the open, but that is looking back and saying, "oh it would've worked",, I didn't buy this one, but this will probably be another "oh I should've bought it" moments.
to tell u the truth .. im not that sure about this one either its at -20 pips right now.. but im demoing so anyways wt did u mean by GMT thru the open??
BECAUSE I CAN !
  • #3,493
  • Oct 12, 2006 7:25pm Oct 12, 2006 7:25pm
Quoting llambert3
Yes, and a great setup. Long also.
what make u so sure of this one and not the gbpusd pair
BECAUSE I CAN !
  • #3,494
  • Oct 12, 2006 7:35pm Oct 12, 2006 7:35pm
Long Gbpusd...
Attached Image
  • #3,495
  • Oct 12, 2006 7:41pm Oct 12, 2006 7:41pm
Short UsdJPY...
Attached Image
  • #3,496
  • Oct 12, 2006 7:42pm Oct 12, 2006 7:42pm
Quoting YasirYar
to tell u the truth .. im not that sure about this one either its at -20 pips right now.. but im demoing so anyways wt did u mean by GMT thru the open??
Well, it should be confirmed long now. The trendline went through the candle open, instead of the open being above the tl. The open was actually slightly lower than the trendline, so roughly 4 hours ago, I didn't think it was a buy. Now I do.
  • #3,497
  • Oct 12, 2006 7:44pm Oct 12, 2006 7:44pm
Short Usdchf...
Attached Image
  • #3,498
  • Oct 12, 2006 7:45pm Oct 12, 2006 7:45pm
Quoting YasirYar
what make u so sure of this one and not the gbpusd pair
Hee hee, I explained what I meant on the gbp/usd thread. Both are a Mouteki buy now.
  • #3,499
  • Oct 12, 2006 8:00pm Oct 12, 2006 8:00pm
Quoting llambert3
Well, it should be confirmed long now. The trendline went through the candle open, instead of the open being above the tl. The open was actually slightly lower than the trendline, so roughly 4 hours ago, I didn't think it was a buy. Now I do.
cool cool.. hey do u look at the daily charts in deciding when to enter a trade based on the price projection?
BECAUSE I CAN !
  • #3,500
  • Oct 12, 2006 8:01pm Oct 12, 2006 8:01pm
Quoting llambert3
Hee hee, I explained what I meant on the gbp/usd thread. Both are a Mouteki buy now.
im in buddy.. i was in 4 hours ago haha..talk about early decisions..
BECAUSE I CAN !
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