Mouteki Trading | Page 193 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone still trading Mouteki? 45 replies

Jumper's journal of Mouteki trading 74 replies

Mouteki Trading System 3 replies

Favourable pairs for Mouteki trading... 7 replies

Kalesh's journal of Mouteki Trading 25 replies

Attachments: Mouteki Trading
Exit Attachments

Mouteki Trading

  • #3,841
  • Oct 25, 2006 3:59am Oct 25, 2006 3:59am
Quoting GreatYves
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..
was just going thru your post.. very nicely said.. anyways its a great feeling to finally be profitable after such a long and trying period.. i have been trying different things since the last 4 months.. and only now have i become profitable.. its a really nice experience.. all it takes is time and dedication..
BECAUSE I CAN !
  • #3,842
  • Oct 25, 2006 4:01am Oct 25, 2006 4:01am
Quoting YasirYar
was just going thru your post.. very nicely said.. anyways its a great feeling to finally be profitable after such a long and trying period.. i have been trying different things since the last 4 months.. and only now have i become profitable.. its a really nice experience.. all it takes is time and dedication..
The key is to discipline your self. Normally it takes alot more then just 4 months to get profitable.
  • #3,843
  • Oct 25, 2006 6:12am Oct 25, 2006 6:12am
hi..


As mentioned in a post above..it might be wise to stay out of trades where the price moves into the apex of both a supply and demand line without breaking either till later..
In the case of swissy another trendline became available within bars of the previous line this one is currently in play...but moving very slowly during the day so news if any could determine where this trade goes.
  • #3,844
  • Oct 25, 2006 7:20am Oct 25, 2006 7:20am
Quoting et_phonehome_2
Can you explain why one would not take that trade? The 4 HR candle broke the upper trend line, why would you not take the trade? The next candle then reversed, what then?

Thanks....
In learning the various filters, the #1 filter I've seen is to make sure you don't enter a trade until your entry candle breaks the high of the previous candle on a Long trade, and the low of the previous candle on a Short trade....

On this Long trade, the entry candle did not break the High of the previous candle... There would have been no entry with this filter on this trade.
  • #3,845
  • Oct 25, 2006 8:12am Oct 25, 2006 8:12am
hi..

Thinking about closing this trade...the market is dead at the moment with very little movement for many hours now..I am of the opinion that the trendline has no relevence to the market now.
  • #3,846
  • Oct 25, 2006 9:51am Oct 25, 2006 9:51am
Quoting Dpip
In learning the various filters, the #1 filter I've seen is to make sure you don't enter a trade until your entry candle breaks the high of the previous candle on a Long trade, and the low of the previous candle on a Short trade....

On this Long trade, the entry candle did not break the High of the previous candle... There would have been no entry with this filter on this trade.
yea... but this filter not works everytime... check this Cable EX.
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #3,847
  • Oct 25, 2006 11:59am Oct 25, 2006 11:59am
Quoting Dr.Sailor
down to 0.7552 to follow http://www.esnips.com/nsdoc/5328a284...b-e3fe60b4c42d
Failed... Stoploss hit.
  • #3,848
  • Oct 25, 2006 12:01pm Oct 25, 2006 12:01pm
This pair doesn't produce good results with mouteki. At least with me, in this period of time. I rather avoid it.
  • #3,849
  • Oct 25, 2006 12:18pm Oct 25, 2006 12:18pm
Hmmmmm.....
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #3,850
  • Oct 25, 2006 12:42pm Oct 25, 2006 12:42pm
Quoting MaXeY
yea... but this filter not works everytime... check this Cable EX.
Of course not... There's no trade plan, with or without filters, that is 100%.

However, as I stated this is just the #1 filter. The next step with just this filter is to look at the charts for resistance & support levels... On the left side of your chart there is an obvious cluster of support from 8864 to 8858. This area has to be cleared for a good entry; that never happened.

Now, the new entry would be about 30 pips below the open of the entry candle. Considering the pip potential on this trade( 153 pips, that's subtracting 30 pips from the original entry), that's more than fair for a much cleaner entry. Especially one that would have kept you out of a bad trade.

Also, this is only one filter. Other things need to be considered. In the, "Learning From Unsuccessful Mouteki Trade- The search for filters..." thread, there's a real good post by Lightkeeper, it's post #158:

http://www.forexfactory.com/forexfor...&page=11&pp=15

This tells you what you need to look for on the day chart for safer trades.
  • #3,851
  • Oct 25, 2006 12:52pm Oct 25, 2006 12:52pm
Charts are different. Broker, timezone.

Your screenshot is a backtest. I am trading live and can't take every possible trade, profitable or unprofitable, specialy if it occurs at midnight.

And I don't like this pair, because of its slow movement compared to the more fast currencies. Just my personal prefference. My trades on this pair weren't good, but I'm not saying that it will be the same for you.
  • #3,852
  • Oct 25, 2006 2:23pm Oct 25, 2006 2:23pm
Quoting saaedb
The key is to discipline your self. Normally it takes alot more then just 4 months to get profitable.
yea sure it does.. and i have a lot to learn still.. but i have 9 trades in a roow going my side.. im very selective about my trades too.. so i dont take more than 2 a day.. its been all workin out
BECAUSE I CAN !
  • #3,853
  • Oct 25, 2006 3:23pm Oct 25, 2006 3:23pm
Quoting YasirYar
yeap.. i guess the EA isnt that good.. but works fine.. it doenst make much difference in the trade..
Which EA are you using? The version I am using has not been doing great lately, can you tell me where I can get the version you are using, if its been profitable lately?
  • #3,854
  • Oct 25, 2006 9:38pm Oct 25, 2006 9:38pm
Long Eur.usd 1.2570
projection 60 PIP
SL 60/2= -30

Status: Target Reached
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #3,855
  • Oct 25, 2006 9:59pm Oct 25, 2006 9:59pm
Quoting et_phonehome_2
Which EA are you using? The version I am using has not been doing great lately, can you tell me where I can get the version you are using, if its been profitable lately?
trust me.. my version is a lot sucky that yours.. and it doesnt depend upon the EA.. the EA gives u a rough break criteria.. and the price projection usually goes a long way.. so its all on discretion.. i catch the breakout move after 20 pips have passed in teh breakout direction.. do that and ul be fine
BECAUSE I CAN !
  • #3,856
  • Oct 25, 2006 11:04pm Oct 25, 2006 11:04pm
Quoting Xerof
A demand line must be an UPWARD sloping trendline. Work from right to left, to find the qualifying candles. After you have found point 1, look left until you find the first qualifying candle LOWER than point 1. This is your point 2. Ignore any that are higher than your point 1.


Conversely, supply lines must slope DOWNWARD


Yasiryar's charts are correct

Hope this helps
Thanks Xerof. Apparently I missed that point in the word document.

Jeffrey
  • #3,857
  • Oct 25, 2006 11:55pm Oct 25, 2006 11:55pm
any1 in on this one?? looks good to me..
Attached Image
BECAUSE I CAN !
  • #3,858
  • Oct 25, 2006 11:59pm Oct 25, 2006 11:59pm
Quoting llambert3
Yes, but when you lose 3 in a row, don't be sad. It happens.
hey .. i just want to add something.. look at the chart.. see the dip down to about a 20 pips from the candle open after the break? thats where i normally enter.. maybe you people are having trouble by the fact that you go long or short as soon as the candle opens above or under the trade... dont be so hasty.. give it time.. make sure it moves a bit and then go in.. hope this helps
Attached Image
BECAUSE I CAN !
  • #3,859
  • Oct 26, 2006 12:03am Oct 26, 2006 12:03am
Quoting Xerof
A demand line must be an UPWARD sloping trendline. Work from right to left, to find the qualifying candles. After you have found point 1, look left until you find the first qualifying candle LOWER than point 1. This is your point 2. Ignore any that are higher than your point 1.


Conversely, supply lines must slope DOWNWARD


Yasiryar's charts are correct

Hope this helps
yea mostly the lines are correct.. but coz the EA makes them sometimes they aer messed up.. but when u take a trade.. it doenst reall ymatter on the whole
BECAUSE I CAN !
  • #3,860
  • Oct 26, 2006 1:52am Oct 26, 2006 1:52am
Quoting YasirYar
any1 in on this one?? looks good to me..
Yeah, I'm Long on the pair but my entry was based of the daily charts. I dont know at what price point you entered but my Long entry was placed at 1.8723
3 traders viewing now