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Anyone still trading Mouteki? 45 replies

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Mouteki Trading

  • #3,561
  • Oct 13, 2006 3:58pm Oct 13, 2006 3:58pm
gbpusd this week

1) 1st break not taken bcz low target

2) 1.8699-1.8632=67 pips target
1.8666+0.67= 1.8733 target not reached !!!!

3) 1.8555-1.8514= 41 pips
1.8543+0.41= 1.8584 hit! +41 pips

4) 1.8640-1.8566= 74 pips
1.8565-0.74= 1.8491 target ?
Attached Image
  • #3,562
  • Oct 13, 2006 4:09pm Oct 13, 2006 4:09pm
Earlier the day, there was a LONG mouteki signal.
Upon the Retail release, it turned south.
Sure burned alot of mouteki traders.

Q: When not to use Mouteki?
A: During a strong sentiment. We are in a period of strong USD Sentiment. I currently use Mouteki as signal to buy USD (not sell it) for the following reasons:

1. Election is coming
2. US had hit the low and started to climb up (for christmas or for election?)
3. Stock Market is soaring - alot are buying stocks which means converting foreign currencies to USD
4. 10yr Treasury Bonds is going UP UP UP (inspite of 2 no raise hikes). Which sends foreigners buying USD

BTW.. There is strong defense on 1.8500 by OPTON houses. OPTION plays a strong role in protecting Support/Resistance as it had protected the USDJPY from reaching above 120 all week long inspite of the N Korea Fart.
  • #3,563
  • Oct 13, 2006 4:25pm Oct 13, 2006 4:25pm
usdchf this week

1) 1.2634-1.2508= 126 pips
1.2605-0.0126= 1.2479 target not reached!!!

2) 1.2610-1.2591= 19 pips
1.2605+0.0019= 1.2624 target hit

3) 1.2721-1.2675= 46 pips
1.2700-0.046= 1.2654 target not reached !!!

4) 1.2724-1.2666= 58 pips
1.2735+58= 1.2793 target ?
Attached Image
  • #3,564
  • Oct 13, 2006 4:31pm Oct 13, 2006 4:31pm
hi burgerking,
you talk about all fundamentals, although we do discuss just technical. your words 100% correct but can we use fundamental forecasts accurately as a filter in mouteki?

Quoting BurgerKing
Earlier the day, there was a LONG mouteki signal.
Upon the Retail release, it turned south.
Sure burned alot of mouteki traders.

Q: When not to use Mouteki?
A: During a strong sentiment. We are in a period of strong USD Sentiment. I currently use Mouteki as signal to buy USD (not sell it) for the following reasons:

1. Election is coming
2. US had hit the low and started to climb up (for christmas or for election?)
3. Stock Market is soaring - alot are buying stocks which means converting foreign currencies to USD
4. 10yr Treasury Bonds is going UP UP UP (inspite of 2 no raise hikes). Which sends foreigners buying USD

BTW.. There is strong defense on 1.8500 by OPTON houses. OPTION plays a strong role in protecting Support/Resistance as it had protected the USDJPY from reaching above 120 all week long inspite of the N Korea Fart.
  • #3,565
  • Oct 13, 2006 4:38pm Oct 13, 2006 4:38pm
Quoting karakoyunlar
hi burgerking,
you talk about all fundamentals, although we do discuss just technical. your words 100% correct but can we use fundamental forecasts accurately as a filter in mouteki?
I don't see why not. It's the best of both world if you can predict direction with fundamental data. I would use mouteki to buy US dollar right against other majors right now. Mouteki seems to be working just fine for aud/us for last couple signals.
  • #3,566
  • Oct 13, 2006 4:51pm Oct 13, 2006 4:51pm
hi nitman,
why gold prices rise although fundamentals told usd gain? can anybody explain for me? the fundamental analysis can be used for long term analysis but we are all short term investors and i think fun analysis do not have any big pressure on our 4H or 1 H plans. of course this is my thought

Quoting nitman
I don't see why not. It's the best of both world if you can predict direction with fundamental data. I would use mouteki to buy US dollar right against other majors right now. Mouteki seems to be working just fine for aud/us for last couple signals.
  • #3,567
  • Oct 13, 2006 5:09pm Oct 13, 2006 5:09pm
Quoting karakoyunlar
gbpusd this week

1) 1st break not taken bcz low target

2) 1.8699-1.8632=67 pips target
1.8666+0.67= 1.8733 target not reached !!!!

3) 1.8555-1.8514= 41 pips
1.8543+0.41= 1.8584 hit! +41 pips

4) 1.8640-1.8566= 74 pips
1.8565-0.74= 1.8491 target ?
Hello Mate

You Forget This fake Long too
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #3,568
  • Oct 13, 2006 5:32pm Oct 13, 2006 5:32pm
ra300z - yes the trend line is steep but how does that influence any decision(s) on taking this trade or not ?
  • #3,569
  • Oct 13, 2006 6:13pm Oct 13, 2006 6:13pm
Quoting jumper
Just a reminder: If you choose to go long on euro and cable, and short on swissy as well, you are just effectively tripling your position.

There are some who prefer to just go instead for the best of the 3 setups.
now i know y i lost 200 on friday then.. mauahhaa.. news always screws away my trades..
BECAUSE I CAN !
  • #3,570
  • Oct 13, 2006 7:50pm Oct 13, 2006 7:50pm
OK another questions .

Lets say the top trendline breaks and we take a Long position and set our limits according to the method. 5 or 6 candles later another new high according to the method is formed, do we readjust our position or let our previous trade run and complete (good or bad)?

Thanks
  • #3,571
  • Oct 13, 2006 9:07pm Oct 13, 2006 9:07pm
Quoting karakoyunlar
hi burgerking,
you talk about all fundamentals, although we do discuss just technical. your words 100% correct but can we use fundamental forecasts accurately as a filter in mouteki?
OF all the TA strategy out there that I have tested. Only Mouteki is the one that I use on LIVE ACCOUNT!

This goes to show that Mouteki *IS* the only TA I am 100% confident with.

However, you cannot discount the Fundamental facts of Forex.

How I use Mouteki?

* We are in Strong USD sentiment the past few weeks. This means, BUY USD vs EUR, vs CAD, vs JPY vs GBP (however, GBP is getting strong now that there is BIG rumor of a GBP rate hike).
* I buy USD when Mouteki says so.
* And I buy USD whenever there is a reversal agains USD; ie after the Trade Balance, EURUSD went up.. alot of you short the USD; I waited for it to peak and shorted this pair instead for a down ride. I did got a scare when the Retail Sales was bad for USD but it corrected afterwards. I personally love to see Mouteki dictating an Up trend - this means, I can short it again. Take Note: Range Trading makes huge money too!

Last words: Dont get me wrong. I have full confident with Mouteki. Mouteki is very simple to look at YET the logic behind it is far more than just 2 points and a line! It includes triangle, adam/eve, head and shoulder, R/S all combined into a simple 2 dot system!
  • #3,572
  • Oct 13, 2006 10:03pm Oct 13, 2006 10:03pm
Quoting Ricx
almost hit... good friday good friday
http://img156.imageshack.us/img156/3069/pic1af7.gif
or... i just keep it till monday hm... wonders
Are you trading DAILY time frame using Mouteki?
  • #3,573
  • Oct 14, 2006 3:13am Oct 14, 2006 3:13am
Quoting guillo
Are you trading DAILY time frame using Mouteki?
im testing it, since news seems have less effect on this timeframe maybe distortion will be less than lower timeframe
  • #3,574
  • Oct 14, 2006 3:14am Oct 14, 2006 3:14am
hi burgerking,
txn very much for your detailed explanation. the answer what i look is this. the pitfall in just taking mouteki is this fundamental view. All friends in this forum should considerate this well explanation in their reading of charts. txn again.

Quoting BurgerKing
OF all the TA strategy out there that I have tested. Only Mouteki is the one that I use on LIVE ACCOUNT!

This goes to show that Mouteki *IS* the only TA I am 100% confident with.

However, you cannot discount the Fundamental facts of Forex.

How I use Mouteki?

* We are in Strong USD sentiment the past few weeks. This means, BUY USD vs EUR, vs CAD, vs JPY vs GBP (however, GBP is getting strong now that there is BIG rumor of a GBP rate hike).
* I buy USD when Mouteki says so.
* And I buy USD whenever there is a reversal agains USD; ie after the Trade Balance, EURUSD went up.. alot of you short the USD; I waited for it to peak and shorted this pair instead for a down ride. I did got a scare when the Retail Sales was bad for USD but it corrected afterwards. I personally love to see Mouteki dictating an Up trend - this means, I can short it again. Take Note: Range Trading makes huge money too!

Last words: Dont get me wrong. I have full confident with Mouteki. Mouteki is very simple to look at YET the logic behind it is far more than just 2 points and a line! It includes triangle, adam/eve, head and shoulder, R/S all combined into a simple 2 dot system!
  • #3,575
  • Oct 14, 2006 4:27am Oct 14, 2006 4:27am
Quoting BurgerKing
OF all the TA strategy out there that I have tested. Only Mouteki is the one that I use on LIVE ACCOUNT!

This goes to show that Mouteki *IS* the only TA I am 100% confident with.

However, you cannot discount the Fundamental facts of Forex.

How I use Mouteki?

* We are in Strong USD sentiment the past few weeks. This means, BUY USD vs EUR, vs CAD, vs JPY vs GBP (however, GBP is getting strong now that there is BIG rumor of a GBP rate hike).
* I buy USD when Mouteki says so.
* And I buy USD whenever there is a reversal agains USD; ie after the Trade Balance, EURUSD went up.. alot of you short the USD; I waited for it to peak and shorted this pair instead for a down ride. I did got a scare when the Retail Sales was bad for USD but it corrected afterwards. I personally love to see Mouteki dictating an Up trend - this means, I can short it again. Take Note: Range Trading makes huge money too!

Last words: Dont get me wrong. I have full confident with Mouteki. Mouteki is very simple to look at YET the logic behind it is far more than just 2 points and a line! It includes triangle, adam/eve, head and shoulder, R/S all combined into a simple 2 dot system!
well maybe ur right.. but i had 3 trades.. gone negative on me.. and i traded only when the moutaki signalled a buy.. i traded the gbpusd eurusd and usdchf at the same time.. coz the signal came roghly together.. maybe theres this correlation factor comin in?? anyways it happened on thurs night / fri morning..
BECAUSE I CAN !
  • #3,576
  • Oct 14, 2006 6:16am Oct 14, 2006 6:16am
Quoting nicolas_nrjk
i know the 50% and 33% rules but do you think it is possible to use the trendlines as stop loss indicator.
example: today he had a breakout of blue line in the eur/usd at 1.3529 . at the same candle the red trendline was at 1.2572. could that be used as a stop loss. and the stop will have to change on each close of a new candle.

i found on this thread someone advicing to close a position if it reverses (does that mean the same thing as in my idea


one more question (i hope that it doesn't sound too stupid) should we enter the moment the trend line is broken or we have to wait for the candle to break.

i am new to Mouteki trading and i find it very interesting.
has anyone counted how many trades have won and how many have lost??? (trading real accounts using Mouketi strategy.

thank you for your help and good luck for you all.

Lets say the top trendline breaks and we take a Long position and set our limits according to the method. 5 or 6 candles later another new high according to the method is formed, do we readjust our position or let our previous trade run and complete (good or bad)?
  • #3,577
  • Oct 14, 2006 6:49am Oct 14, 2006 6:49am
Hi E/U mouteki trader..

I am just a beginner. I have used the mouteki method daily and what always happened was, i got little profit then followed by big loss. I realize that greedy and emotion are the factors which influence my decisions.
Herewith i attached Eur/USd price projection. Are there anybody else who does the same price projection as i do?

Is Monday still the best day to setup the trend lines? What time should we trade ? coz i believe that we can not trade everytime we want.

Pls help me with this situation...
Attached Image
Forex has never been this SO exciteD !!
  • #3,578
  • Oct 14, 2006 7:06am Oct 14, 2006 7:06am
Quoting nicolas_nrjk
Lets say the top trendline breaks and we take a Long position and set our limits according to the method. 5 or 6 candles later another new high according to the method is formed, do we readjust our position or let our previous trade run and complete (good or bad)?
Here is a link from the original thread which discusses this very thing.

...at least I think this is what you are getting at?

Scroll down and read the following posts as wel as they are related and shows you how this senario may progress.

I suggest scrubbing the entire thread .....you should be done by Christmas 2009

HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #3,579
  • Oct 14, 2006 12:19pm Oct 14, 2006 12:19pm
Quoting karakoyunlar
gbpusd this week

1) 1st break not taken bcz low target

2) 1.8699-1.8632=67 pips target
1.8666+0.67= 1.8733 target not reached !!!!

3) 1.8555-1.8514= 41 pips
1.8543+0.41= 1.8584 hit! +41 pips

4) 1.8640-1.8566= 74 pips
1.8565-0.74= 1.8491 target ?
Hi

Could you please post your weekly pivot point indicator, I have one but yours is nicer

Thanks
Regards
  • #3,580
  • Oct 14, 2006 5:41pm Oct 14, 2006 5:41pm
then you would have made some on those losing trades
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