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Mouteki Trading

  • #3,721
  • Oct 19, 2006 10:26am Oct 19, 2006 10:26am
Quoting enoc2g
whats the difference ?
You're going back 2.5 weeks! Those prices are irrelevant. Follow Mouteki's document to a T. You're just trying to make an entry for yourself.
  • #3,722
  • Oct 19, 2006 10:41am Oct 19, 2006 10:41am
seems right time for fresh shortes,...anybody else agree?...

seems it coudnt break 1.2600....

dont blame me if u made a loss!
its just money
  • #3,723
  • Oct 19, 2006 10:44am Oct 19, 2006 10:44am
dude it was just a question i dont even follow the system just started looking at it... im not trying to create anything, but it is a 4hr trenline break based on TD trendline.
  • #3,724
  • Oct 19, 2006 10:48am Oct 19, 2006 10:48am
i just read his 4hr TL doc where does it state u cant go back 2 weeks ?
  • #3,725
  • Oct 19, 2006 10:53am Oct 19, 2006 10:53am
Quoting enoc2g
i just read his 4hr TL doc where does it state u cant go back 2 weeks ?
It says to use the two most recent tops to draw the supply line. And from my understanding, he's drawing them correctly. coz the second high is back 2 weeks or so. And yes, this would be a break.
  • #3,726
  • Oct 19, 2006 10:55am Oct 19, 2006 10:55am
Thanks!
  • #3,727
  • Oct 19, 2006 11:02am Oct 19, 2006 11:02am
its broken,...on the news...where to go now??
its just money
  • #3,728
  • Oct 19, 2006 11:09am Oct 19, 2006 11:09am
saaeb, where do u put ur stop loss when using this system?
  • #3,729
  • Oct 19, 2006 11:11am Oct 19, 2006 11:11am
You know they won't quit when they won't. The entire bloomberg analysts agree the underlying numbers are not as soft as the headline.
  • #3,730
  • Oct 19, 2006 11:21am Oct 19, 2006 11:21am
Quoting enoc2g
saaeb, where do u put ur stop loss when using this system?
If sticking to the system, the stops need to be placed 33% of the Range. But I tend to vary my stops, its either 33% or the recent low(if its a tall candle, the below its end or the recent congestion) which ever is greater, thats where I put my stops. I can give you an example of todays trade if you want.
  • #3,731
  • Edited 12:52pm Oct 19, 2006 11:23am | Edited 12:52pm
do u guys are gona take some profits,...

long or short 1.2626 ?
its just money
  • #3,732
  • Oct 19, 2006 11:24am Oct 19, 2006 11:24am
Quoting saaedb
It says to use the two most recent tops to draw the supply line. And from my understanding, he's drawing them correctly. coz the second high is back 2 weeks or so. And yes, this would be a break.
is there not a more recent top than that??

what bout the bar of Oct 10, (with 2 lower bars either side) or am I growling up the wrong tree?
Attached Image
  • #3,733
  • Oct 19, 2006 11:39am Oct 19, 2006 11:39am
Buk I think ur right but I didnt catch those,,,
  • #3,734
  • Oct 19, 2006 11:48am Oct 19, 2006 11:48am
Quoting saaedb
It says to use the two most recent tops to draw the supply line. And from my understanding, he's drawing them correctly. coz the second high is back 2 weeks or so. And yes, this would be a break.
I think he said somewhere 25-30 candles or someone inferred that based on his powerpoint presentations. Or he may have stated that and it got deleted (i think the questions for mouteki forum was cleared out inadvertently)

Here's a thread where 25-30 candles is discussed.
http://www.forexfactory.com/forexfor...?t=8413&page=5

I posted in that thread a chart with a tonne of candles on it. Still learning then
  • #3,735
  • Oct 19, 2006 11:48am Oct 19, 2006 11:48am
Quoting Buk
is there not a more recent top than that??

what bout the bar of Oct 10, (with 2 lower bars either side) or am I growling up the wrong tree?
Buk, to draw the supply line you start off by looking at the most recent top, which is at 1.8738 [10.18.06 - 04:00 EST]. Now you have your first reference, then you look for the most recent higher high, which would be at
1.8885 [10.06.06 - 12:00 EST].
Hope it helps.
If you're already in your trades from the previous breaks good for you I'm in them too and on every successive break I've added more lots till I hit my first breaks target @ 1.8800.
  • #3,736
  • Oct 19, 2006 11:52am Oct 19, 2006 11:52am
Quoting ra300z
I think he said somewhere 25-30 candles or someone inferred that based on his powerpoint presentations. Or he may have stated that and it got deleted (i think the questions for mouteki forum was cleared out inadvertently)

Here's a thread where 25-30 candles is discussed.
http://www.forexfactory.com/forexfor...?t=8413&page=5

I posted in that thread a chart with a tonne of candles on it. Still learning then
ra3000z, I didn't know about this filter, the only filter that I use in my trades is on ever break out I dont put in a market order, I put in a entry orfer that about 5 pips above the breakout candle. and if the entry order doesn't hit by the next two candles, I take out my order and wait for another setup.
  • #3,737
  • Oct 19, 2006 11:56am Oct 19, 2006 11:56am
hi,

please show me the performance of this system (complete).

Thank you.
  • #3,738
  • Oct 19, 2006 12:02pm Oct 19, 2006 12:02pm
ra300z is it just a filter or an ironclad rule he used id like to hear his opinion on it , is he still on here? the doc doesnt say anything like that even thought his trendlines happen to be short time intervals i didnt read anywhere it says it as a rule...
  • #3,739
  • Oct 19, 2006 12:33pm Oct 19, 2006 12:33pm
Quoting ra300z
I think he said somewhere 25-30 candles or someone inferred that based on his powerpoint presentations. Or he may have stated that and it got deleted (i think the questions for mouteki forum was cleared out inadvertently)

Here's a thread where 25-30 candles is discussed.
http://www.forexfactory.com/forexfor...?t=8413&page=5

I posted in that thread a chart with a tonne of candles on it. Still learning then
I'd disagree with this filter, this is a filter assumed by some of his follower, its not something that MoutekiTrader stated.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

The assumption is made from the slides presented of his trades for the month of July. If you look at those slides, there was never any opportunity for him to draw the supply/demand lines from more then 2 weeks old candles. His trading was from a different trading environment then what we are facing now (dynamic nature of forex). So making an assumption from those slides that we should not draw lines more then 25 candles long is false and I would certainly not agree with it.<o></o>

<o> </o>

If you draw the supple/demand lines on the daily charts you can see how well these lines hold and if we convert those daily chart lines to a 4h chart lines they certainly exceed 25 bars and give us very good signals.<o></o>

<o> </o>
  • #3,740
  • Oct 19, 2006 12:43pm Oct 19, 2006 12:43pm
saaeb... awsome. Thankyou.

Starting to use this system, I like the fact that it uses larger time frame TLs the breaking of which leads to large movements at times.
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