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Mouteki Trading

  • #3,501
  • Oct 12, 2006 8:06pm Oct 12, 2006 8:06pm
not a long anymore.. its a short signal.. but something tells me it wont work out.. oh well..
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  • #3,502
  • Oct 12, 2006 8:10pm Oct 12, 2006 8:10pm
Quoting kateeus
I cant but agree after cheking the daily. I'm looking forward to trade this pair next week, thanks for the heads up.
yeaur right.. i may be wrong.. but this pair isnt that stable using moutaki's method.. at so many different occasions i shorted and the price went up.. i guess it really is ranging.. -25 pips right now..
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  • #3,503
  • Oct 12, 2006 8:11pm Oct 12, 2006 8:11pm
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.
hey just a question.. when there is a buy or sell signal.. do u put the take profit level at the full price projection?? or do u close half the trade in the middle or something?? im just asking thing because its been my observation that 6 outta 10 trades never hit their price projection..
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  • #3,504
  • Oct 12, 2006 8:17pm Oct 12, 2006 8:17pm
Quoting YasirYar
hey just a question.. when there is a buy or sell signal.. do u put the take profit level at the full price projection?? or do u close half the trade in the middle or something?? im just asking thing because its been my observation that 6 outta 10 trades never hit their price projection..
Here is what I do now that I've been burnt many times... LOL Until I move from my current broker to one that uses Metatrader and can trade for me, I initially set my limit to the tp. If by the time I go to bed, the trade hasn't moved +40, I put a limit of +20. I can't stand having a trade be in the plus and go against me while I sleep. I'd rather make 20 pips and lose the chance of a big move than wake up in the negative. It isn't bad as long as the trade never made +40 to see it in the negative, but 3 times I've lost overnight. Never again.
  • #3,505
  • Oct 12, 2006 8:17pm Oct 12, 2006 8:17pm
Man did I just get lucky. Put in a buy at 596 with a TP at 621. Left to take my dog for a quick potty run (5 min) only to find that it hit my TP exactly.
  • #3,506
  • Oct 12, 2006 8:22pm Oct 12, 2006 8:22pm
Quoting llambert3
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.
hey lambert.. im in canada .. toronto.. but the SF4 i use.. its showing some other time.. any chancei can change that according to my time zone??
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  • #3,507
  • Oct 12, 2006 8:23pm Oct 12, 2006 8:23pm
Quoting 1Sundevil
Man did I just get lucky. Put in a buy at 596 with a TP at 621. Left to take my dog for a quick potty run (5 min) only to find that it hit my TP exactly.
that cracked me up mauahaha
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  • #3,508
  • Oct 12, 2006 8:25pm Oct 12, 2006 8:25pm
Quoting llambert3
Here is what I do now that I've been burnt many times... LOL Until I move from my current broker to one that uses Metatrader and can trade for me, I initially set my limit to the tp. If by the time I go to bed, the trade hasn't moved +40, I put a limit of +20. I can't stand having a trade be in the plus and go against me while I sleep. I'd rather make 20 pips and lose the chance of a big move than wake up in the negative. It isn't bad as long as the trade never made +40 to see it in the negative, but 3 times I've lost overnight. Never again.
yeh same happened to me.. my problem is that +20 pip limit ofr a 220 pip projection is just not worth it.. so i put my limit at 110.. and when i see the chart the next day it had gone to +50.. but gone back to -30.. talk about bad luck so yea ill do what you do.. ive had it with the losses.. thanx for the info.. maybe ill be able to sleep peacefully at night now... ?!?!
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  • #3,509
  • Oct 12, 2006 8:28pm Oct 12, 2006 8:28pm
Quoting YasirYar
yeh same happened to me.. my problem is that +20 pip limit ofr a 220 pip projection is just not worth it.. so i put my limit at 110.. and when i see the chart the next day it had gone to +50.. but gone back to -30.. talk about bad luck so yea ill do what you do.. ive had it with the losses.. thanx for the info.. maybe ill be able to sleep peacefully at night now... ?!?!
That's why we need to use Metatrade to do the s/l calculation for us while we sleep.
  • #3,510
  • Oct 12, 2006 8:28pm Oct 12, 2006 8:28pm
Thats funny!!

My dog knows when the market is going to move, its usually about the same time he has to move if you take my meaning. Its kept me out of many a bad trade, thats why I keep him around. lol!!

Best Regards,
Ah.
  • #3,511
  • Oct 12, 2006 8:28pm Oct 12, 2006 8:28pm
hey another question... anyone who has atleast 1 year experience in trading should answer.. do you trade both the eurusd and gbpusd at the same time?? i mean if both are signalling a short will u put two trades?? concerning the fact that if one goes wrong the other will too because of the correlation thing going on... any suggestions on that??
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  • #3,512
  • Oct 12, 2006 8:30pm Oct 12, 2006 8:30pm
Quoting YasirYar
hey lambert.. im in canada .. toronto.. but the SF4 i use.. its showing some other time.. any chancei can change that according to my time zone??
is sf4 your broker or trading platform? So you are eastern or central time zone?
  • #3,513
  • Oct 12, 2006 8:31pm Oct 12, 2006 8:31pm
Hi YasirYar,

Not me, I just put on one trade at a time, my mm schem does not allow me more than that at the time.

If the account gets big enough someday I may, but for now one trade at a time is enough for me.

Best Regards,
Ah.
  • #3,514
  • Oct 12, 2006 8:32pm Oct 12, 2006 8:32pm
I'm short TP=1.2610. Calculation shows lower, but I"ll take what I can.

PS also long on cable, TP=1.8588, calculation also show higher, but I"ll take it.

So far, +25 pips on the two trades
  • #3,515
  • Oct 12, 2006 8:33pm Oct 12, 2006 8:33pm
Quoting Achilles heel
Thats funny!!

My dog knows when the market is going to move, its usually about the same time he has to move if you take my meaning. Its kept me out of many a bad trade, thats why I keep him around. lol!!

Best Regards,
Ah.
so the answer to be a successful trader is to get a dog...??!!? now i want a dog
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  • #3,516
  • Oct 12, 2006 8:34pm Oct 12, 2006 8:34pm
Quoting llambert3
That's why we need to use Metatrade to do the s/l calculation for us while we sleep.
ok i didnt get that.. metatrader 4?? that moutaki EA ?? is that what ur talking about?? oh and i dont take trades on MT4 i just use it for the charts
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  • #3,517
  • Oct 12, 2006 8:34pm Oct 12, 2006 8:34pm
Hey 1Sundevil,

How did you decide your tp at 621?

Best Regards,
Ah.
  • #3,518
  • Oct 12, 2006 8:35pm Oct 12, 2006 8:35pm
Quoting llambert3
is sf4 your broker or trading platform? So you are eastern or central time zone?
eastern.. and nop my broker is fxsol.. i use sf4-north finance just for the charts
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  • #3,519
  • Oct 12, 2006 8:37pm Oct 12, 2006 8:37pm
Quoting YasirYar
so the answer to be a successful trader is to get a dog...??!!? now i want a dog
Mine is taken! LOL
  • #3,520
  • Oct 12, 2006 8:38pm Oct 12, 2006 8:38pm
Quoting 1Sundevil
Mine is taken! LOL
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