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Mouteki Trading

  • #3,801
  • Oct 23, 2006 1:14pm Oct 23, 2006 1:14pm
ok, im excited, ive been back testing this method for a week. i did my first DEMO trade lastnight and S the eur/usd @ 1.2617, i woke up this morning with +64 pips.....was a beautiful thing....in all i tried it on the eur/usd, gbp/usd and usd/jpy and when i woke up at 9 am, i had profited 160 pips......not a bad night of sleep.

Im real excited but it seems too easy. Should I start with real money? Should i always trade into the overall trend? It just seems my luch as soon as i use real money i lose
  • #3,802
  • Oct 23, 2006 1:16pm Oct 23, 2006 1:16pm
my first trade with this currency was lstnight, i went L @ 118.74 and set my limit for 119.40, price was projected to go to 119.50, woke up with +76 pips. I made more pips on 3 trades lastnight, with the Mouteki system, then i usually do in a week.
  • #3,803
  • Oct 23, 2006 1:22pm Oct 23, 2006 1:22pm
Arganod.....i demoe'd the method lastnight on 3 currency pairs, eur/usd, gbp/usd, and usd/jpy, woke up to 160 pips profit!

Does this method really work, or am i lucky? from past week back testing i say it works? im almost tempted to pull the trigger tomorrow if theres a signal from this method. i back tested over 10 trades last week and all were winners but 1. and 2 almost got stopped out. So it seems to be pretty darn good.
  • #3,804
  • Oct 23, 2006 2:29pm Oct 23, 2006 2:29pm
Do not test with real money..... Just be sure you know that not all trades are always on your side so you will need to accept whatever losses you may incur. Don't get carried away that you are successful in demo that it will be the same in a live account....
  • #3,805
  • Oct 23, 2006 2:39pm Oct 23, 2006 2:39pm
i know, im just curious to how long i should demo it, of course not all trades will be winners
  • #3,806
  • Oct 23, 2006 3:16pm Oct 23, 2006 3:16pm
Quoting zeppellin
my first trade with this currency was lstnight, i went L @ 118.74 and set my limit for 119.40, price was projected to go to 119.50, woke up with +76 pips. I made more pips on 3 trades lastnight, with the Mouteki system, then i usually do in a week.
Yes, but when you lose 3 in a row, don't be sad. It happens.
  • #3,807
  • Oct 23, 2006 3:23pm Oct 23, 2006 3:23pm
I have got some stoploss but its nothing to compare with profits and cause of most of my stoplosses is CAD like( GBPCAD, EURCAD) which i dont know whats wrong with this currency. suddenly goes away from other side.
is there anyone else to have problem with this currency or just by unlucky or some trend it happened like that?
today i got 50+ pips on Gold metall trade.
  • #3,808
  • Oct 23, 2006 5:20pm Oct 23, 2006 5:20pm
Quoting zeppellin
i know, im just curious to how long i should demo it, of course not all trades will be winners
I past on last night gbpusd drop... I even set limit order and then deleted them... With regrets now... The trade would have been beautifull. The worst is that the ASCTREND signal was Beautifully place... And i looked at it and said: bah... doesn't worth it it' gonna go up still a little bit... ... Cheezwiz that was the best trade in a month . But i was sleeping. I want to move in england. LOL.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #3,809
  • Oct 23, 2006 6:31pm Oct 23, 2006 6:31pm
Argonod, which gold contract do you trade?
  • #3,810
  • Oct 23, 2006 6:49pm Oct 23, 2006 6:49pm
Quoting zeppellin
ok.....

My question now is when do i decide to test it with real money. My wife was pissed off that it wasnt..
Go ahead with a 250-500$ account to begin, you'll have as much fun LOOSING it then if it was 10000$... Then you'll decide if it's for you.. Emotions need to be under control before beeing a real trader. Emotions are not the same with real money, only go with money you ready to say bybye to for first account. And be prepare to loose it like 80% of people. But with discipline and order you may become amongs the 20% that actually do make profit. I wish you'll be my friend then... LOL.


As mr Vegas said: If your in it for fast excitment, just go to the Casino, If your in it for money, it's long and dull and better stick to your system rules. (You do have one do you?)

P.S. Don't listen to my crap, i'm still loosing overall..
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #3,811
  • Oct 24, 2006 6:43am Oct 24, 2006 6:43am
Is something wrong with my chart ? i still can't understand

I got long at 1.2561
Attached Image
  • #3,812
  • Oct 24, 2006 6:45am Oct 24, 2006 6:45am
Quoting Alama
Is something wrong with my chart ? i still can't understand

I got long at 1.2561
How did you get a long? You should've gotten a short.
  • #3,813
  • Oct 24, 2006 7:36am Oct 24, 2006 7:36am
It looks like GBP/JPY broke out of its range on the day chart when it broke 223.17 Long on Friday.... This should break things loose here.

A heads up on some huge news on Friday. From what I understand the Chinese are going to make an important statement on the Juan on Friday.... Myself, I'm not going to trade the JPY this week until that news comes out and settles.
  • #3,814
  • Oct 24, 2006 7:37am Oct 24, 2006 7:37am
A heads up on some huge news on Friday... From what I understand the Chinese are going to make an important statement on the Juan on Friday.... Myself, I'm not going to trade the JPY this week until that news comes out and settles.
  • #3,815
  • Oct 24, 2006 9:25am Oct 24, 2006 9:25am
Hello All
I was wonder what If I got 2candels has the same high what to do
Let us say first candel has High 1.2490 and Second on 1.2500 and third one has same high 1.2500 and fourth on it's high is lower than third and last one and lower than fourth one.
what is your opinion about that could the third one be point for trend line

Hope you understand me

Thanks
  • #3,816
  • Oct 24, 2006 1:57pm Oct 24, 2006 1:57pm
Short Eur.usd Trade Stoppedout.
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #3,817
  • Oct 24, 2006 4:04pm Oct 24, 2006 4:04pm
Was away then came back looked at USD.chf and confused

How u guys deal with that trade.. Confuse trade !
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #3,818
  • Oct 24, 2006 4:16pm Oct 24, 2006 4:16pm
Quoting MaXeY
Was away then came back looked at USD.chf and confused

How u guys deal with that trade.. Confuse trade !
You don't.
  • #3,819
  • Oct 24, 2006 4:23pm Oct 24, 2006 4:23pm
Quoting llambert3
You don't.

!

Charting Markets into the Future...MǎҖ€¥.
  • #3,820
  • Oct 24, 2006 5:01pm Oct 24, 2006 5:01pm
Quoting MaXeY
Was away then came back looked at USD.chf and confused

How u guys deal with that trade.. Confuse trade !
Hi,

I've just been looking at the Mouteki Trading Method myself for the last week. Have not done an in depth analysis of it yet, but it looks like a momentum based trading strategy. Essentially you need an open on a candle above or below a trend line to give you a positive signal for a trade. There are certain patterns that you will not want to trade.

This would be a good example of where the upper and lower trend lines form a triangle but price action never breaks either trendline until after the point. This would show indecisiveness in the pair. You let this one go and wait for a better setup.

Another possible no trade would be a sharply rising or sharply declining trendline, and a candle still manages to open past the trend line. I haven't seen that situation yet but I would have to pass on that as well.

Jeffrey
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