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Anyone still trading Mouteki? 45 replies

Jumper's journal of Mouteki trading 74 replies

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Mouteki Trading

  • #3,701
  • Oct 19, 2006 5:14am Oct 19, 2006 5:14am
Quoting Buk
I don't dispute your absolute, rigid based rule adherance.....

which is why I don't trade these types of "systems"......and as you've rightly poined out, adhering to the exact laws of the entry template, it would have gotten you short......

again, this is where they'll fall down......the fact that it triggered you long thru c8615 on price flow & hasn't compromized that flow as yet - would be pointless to switch sides & short it, specially given you're still to the + side on the long.......

I guess it's a case of agreeing to disagree...........
Friend, there is nothing to dispute. I did not take that trade myself - I was just showing an example where Mouteki method failed so spectacularly. It's good to see you here though since such systems do not interest you.
I am JuMPeR.
  • #3,702
  • Oct 19, 2006 5:20am Oct 19, 2006 5:20am
Well, no the method didn't fail.



It would be like saying a good swimmer couldn't swim because he drowned with a 100lb weight tide around his ankles.
  • #3,703
  • Oct 19, 2006 5:29am Oct 19, 2006 5:29am
Quoting Buk
I don't dispute your absolute, rigid based rule adherance.....

which is why I don't trade these types of "systems"......
Again, any type of basic understanding of trading( which you obviously posses), says the mixed signals tells you to stay out any trade on the pair.

So, the "system" isn't corrupted here.
  • #3,704
  • Oct 19, 2006 5:34am Oct 19, 2006 5:34am
Quoting jumper
It's good to see you here though since such systems do not interest you.


I didn't say they didn't interest me.....just that I don't blindly trade rigid rule based systems

the trader who shades his eyes from information & knowledge in the vain assumption he 'knows enough' will be in for a rude awakening!!

doesn't do any harm to avail oneself of alternative views.....there's often always something of value to be incorporated into your own price/trade interpretations.......

never say never

anyhow, good trading to you jumper!
  • #3,705
  • Oct 19, 2006 5:41am Oct 19, 2006 5:41am
Quoting Buk


I didn't say they didn't interest me.....just that I don't blindly trade rigid rule based systems
Wow, this is anything but a "rigid rule based system"... Have you checked out the filter thread?

Again, with any basic understang of the basic rules, this was a no trade situation on the 4:00am est entry on the GBP/USD... Period!
  • #3,706
  • Oct 19, 2006 5:44am Oct 19, 2006 5:44am
Quoting Dpip
Again, any type of basic understanding of trading( which you obviously posses), says the mixed signals tells you to stay out any trade on the pair.
sure......it's a big dilemma when attempting to fit a system (& it's rules) around your own personal preferences for trading a particular instrument......

"do I stick to the absolute laws of the structure & trigger every possible signal" (cos if I don't I'm invalidating the concept & the potential p/l).....

or: "do I like the basic structure, & attempt to utilize that which suits my trading style"?!?.......again, will that which suits my own style deliver the desired results??!!

ho hum.......those maybe not fully up to speed with general market structure might pick a box (system) off the shelf & run with it regardless.....

others who have a sound base & are looking to maybe improve on their current plan, or run a complimentary strat alongside, would take a piece this & a piece of that to see if it sits right?.........

there's always something out there to observe & test.......just depends what it is which floats your boat
  • #3,707
  • Oct 19, 2006 5:47am Oct 19, 2006 5:47am
Quoting Dpip
Wow, this is anything but a "rigid rule based system"... Have you checked out the filter thread?
no, I haven't checked that out as yet, but will - thanks!

I only came across this (mouteki) stuff late last week, so haven't had the opportunity to ferret thru all the accompanying threads.........
  • #3,708
  • Oct 19, 2006 5:54am Oct 19, 2006 5:54am
Quoting Dpip
I'm pretty sure jumper was being sarcastic.... Check the emoticon-
sorry, missed this post.......sure, I'm certain it was too......

if my response(s) appeared defensive or haughty, I can assure you they weren't intended as such........

there's some excellent posters on here & good banter!

and I guess throwing a few differing views & observations into the melting pot can only offer folks an alternate angle on what seems a pretty good price related strat ............
  • #3,709
  • Oct 19, 2006 6:07am Oct 19, 2006 6:07am
Quoting Dpip
Well, no the method didn't fail.



It would be like saying a good swimmer couldn't swim because he drowned with a 100lb weight tide around his ankles.
Dpip, you are an interesting person. I almost laughed when you made that comment about checking the filter thread.

If you have familiarised yourself properly with the Mouteki method, you will know that there are no filters introduced by MoutekiTrader who posted this system (whether it was stolen or not, we leave it aside for now ). The filter thread was neither started nor endorsed by MoutekiTrader. So as far as I am concerned, the ORIGINAL (leave the stolen part aside yea?) Mouteki method had failed.

I stand by what I said.
I am JuMPeR.
  • #3,710
  • Oct 19, 2006 6:12am Oct 19, 2006 6:12am
Buk- On your three responses, I totally agree... I've never looked at a trend line system before, so this has been way different for me... I've been here looking at Mouteki's system for just under two weeks.

The thread I actually meant was the "TD Line Qualifier" helped me sort out what's a good entry & what's not... When you get through that, twoblinks' thread on his system is pretty good too. A little complicated, though- for me anyway... here are the two links:
http://www.forexfactory.com/forexfor...ead.php?t=8660

http://www.forexfactory.com/forexfor...ead.php?t=9064

On Jumper, I have to take back what I said... After what he said later, it looks like he was serious... That's kinda puzzling.

In an on-line seminar, this is what Kathy lien said about systems... Paraphrasing here, she said any factual system will work with proper fundamentals. Then she said any great system will fail with out proper fundamental.

She said the best system for making money is when finding money on the ground, bend over and pick it up. You'll make money every time... But, what if you find money on a train track with a train 2 seconds away. How does that "bend over & pick it up" system sound then?...
  • #3,711
  • Oct 19, 2006 6:20am Oct 19, 2006 6:20am
Quoting jumper
I stand by what I said.
So, he never said anything about trading into a news event? And, did he say that he presented his entire system?

As an educated trader, common sense needs to come in play...But, if you want to ignore this to claim a spectacular failure, so be it.
  • #3,712
  • Oct 19, 2006 6:21am Oct 19, 2006 6:21am
Quoting jumper
Dpip, you are an interesting person. I almost laughed when you made that comment about checking the filter thread.

If you have familiarised yourself properly with the Mouteki method, you will know that there are no filters introduced by MoutekiTrader who posted this system (whether it was stolen or not, we leave it aside for now ). The filter thread was neither started nor endorsed by MoutekiTrader. So as far as I am concerned, the ORIGINAL (leave the stolen part aside yea?) Mouteki method had failed.

I stand by what I said.
BECAUSE I CAN !
  • #3,713
  • Oct 19, 2006 6:22am Oct 19, 2006 6:22am
Kindly refer to this thread here

http://www.forexfactory.com/forexfor...ead.php?t=9190

This was made before any news, and the trend and news is simply following what was observed here.

We are in for 1.8339 soon.
  • #3,714
  • Oct 19, 2006 6:26am Oct 19, 2006 6:26am
Quoting Dpip
The thread I actually meant was the "TD Line Qualifier" helped me sort out what's a good entry & what's not... When you get through that, twoblinks' thread on his system is pretty good too. A little complicated, though- for me anyway... here are the two links:
http://www.forexfactory.com/forexfor...ead.php?t=8660

http://www.forexfactory.com/forexfor...ead.php?t=9064
ok, thanks.........

yeah, have got twoblinks thread stuff primed in mail-alert, again - time isn't a great friend at the mo, but will be perusing more at the w/end.......

the Lien comments remind me of a couple similar Jimmy Young warnings on the dangers of the outright 'systems' route LOL........

anyhow, thanks for the pointers - I don't really want to shunt this thread off track with rambling blurb

appreciate the info
  • #3,715
  • Oct 19, 2006 6:30am Oct 19, 2006 6:30am
Quoting Buk
anyhow, thanks for the pointers - I don't really want to shunt this thread off track with rambling blurb

appreciate the info
Yep, back to the GBP/USD... See you in the other threads!
  • #3,716
  • Oct 19, 2006 6:33am Oct 19, 2006 6:33am
short at 1.2653
pp at 1.2493
  • #3,717
  • Oct 19, 2006 6:43am Oct 19, 2006 6:43am
hi..


Not sure the trades going to work...the range for the last 2 1/2 hours on my current 4hr bar is only 13 pips....ie/ the market is just not moving
  • #3,718
  • Oct 19, 2006 9:58am Oct 19, 2006 9:58am
guys does this constitute a mouteki TL 4hr break?
Attached Image
  • #3,719
  • Oct 19, 2006 10:03am Oct 19, 2006 10:03am
Quoting enoc2g
guys does this constitute a mouteki TL 4hr break?
Too many candles for supply line. Mouteki said he used 25-30 max.
  • #3,720
  • Oct 19, 2006 10:05am Oct 19, 2006 10:05am
whats the difference ?
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