Learning From Unsuccessful Mouteki Trades - The Search for Filters...

Quoting llambert3

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hmmm, we got Nchosen thinking....... : ) Read in some other posts people using 1hour to confirm a 4hr break or maybe waiting when to get in at least.. Haven't looked at it yet, but will.

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Quoting YasirYar

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its eally funn how people change the originail method and complicate things by making filters and whatever.. you could just wait till a break moves 20 pips in the direction of the break.. and then place the trade.. it mostly works.. and its easy to manage..

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Quoting YasirYar

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its eally funn how people change the originail method and complicate things by making filters and whatever.. you could just wait till a break moves 20 pips in the direction of the break.. and then place the trade.. it mostly works.. and its easy to manage..

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Quoting TheWicker

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From my observations and previous trade analysis I always consider this filter;

- Do NOT enter the trade if the body of the breakout bar is half the size of its high and low and closes:

bullish signal; below half of the whole breakout bar (star)

bearish signal; above half of the breakout bar (hammer)

So, never enter the trade if the breakout bar is a star or hammer!

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Quoting MaXeY

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There Are No Happy Endings

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Quoting llambert3

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well yasir, do you think waiting until a 20 pip move is the original method?

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Quoting YasirYar

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i would like to think its the same method.. the METHOD is the same.. the ENTRY is different.. coz its based on ur discretion.. isnt it way better than makigng multiple "filters" for the situation??

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Quoting llambert3

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Well one of my FILTERS was waiting until it moved 1 pip higher/lower. That to me is the same as waiting for 20 pip move, but just my opinion. Maybe our definition of filter is the problem here.

I don't add any indicators to my charts - maybe that is what you mean by filters. I look at formation of candles around the event. Maybe that isn't a filter, just an observation because your new post about what you do with Mouteki seems to be all filters to me.

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Quoting YasirYar

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damn then we have a serious problm on the definition of a filter.. anyways.. 1 or 2 pips higher or lower?? if u enter on that.. u know how quickly that can change.. and the trade can go bad.. so thats y ive given some leeway here.. when its 20 pips in the direction of the break.. it seldom goes back.. so thats the basic point

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Quoting llambert3

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Well that's ok, I like to look at any possibiltiy. Also, it was 1 pip higher lower than the trendline break candle high/low, not just 1 pip higher/lower period.

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Quoting TheWicker

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Here is another filter for you.

Never take a trade if two candles before, both first and the second one before the candle which opened above the trendline were breakout bars!

If you see this pattern;

breakout bar, breakout bar, open above breakout bar, don't enter the trade! Test it on numerous ocassions and you will see why this is good. If there are two breakout bars, one following another, needed for the next candle to open above the trendline than it usually means undecision between bulls and bears. You will see how well this works once you apply it.

Picture tells a thousand words, so here you go;

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Quoting TheWicker

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Here is another filter for you.

Never take a trade if two candles before, both first and the second one before the candle which opened above the trendline were breakout bars!

If you see this pattern;

breakout bar, breakout bar, open above breakout bar, don't enter the trade! Test it on numerous ocassions and you will see why this is good. If there are two breakout bars, one following another, needed for the next candle to open above the trendline than it usually means undecision between bulls and bears. You will see how well this works once you apply it.


Picture tells a thousand words, so here you go;

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Quoting TheWicker

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Here is another filter for you.

Never take a trade if two candles before, both first and the second one before the candle which opened above the trendline were breakout bars!

If you see this pattern;

breakout bar, breakout bar, open above breakout bar, don't enter the trade! Test it on numerous ocassions and you will see why this is good. If there are two breakout bars, one following another, needed for the next candle to open above the trendline than it usually means undecision between bulls and bears. You will see how well this works once you apply it.


Picture tells a thousand words, so here you go;

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Quoting Horace Kent

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Hello TheWicker,

Please excuse my density. Can you explain a little what you mean. I don't quite understand. Perhaps screenshots of a trade where the prior breakout bars are forming to clarify would help. Thank you for taking the time.

HK

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Quoting YasirYar

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hmm... does that work fine with u?? is that giving u a good entry?

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Quoting TheWicker

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Here is another filter for you.

Never take a trade if two candles before, both first and the second one before the candle which opened above the trendline were breakout bars!

If you see this pattern;

breakout bar, breakout bar, open above breakout bar, don't enter the trade! Test it on numerous ocassions and you will see why this is good. If there are two breakout bars, one following another, needed for the next candle to open above the trendline than it usually means undecision between bulls and bears. You will see how well this works once you apply it.


Picture tells a thousand words, so here you go;

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Quoting YasirYar

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so im not the only 1 who doesnt understand.. yea some charts would be helpful.. thanx

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