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Mouteki Trading

  • #3,881
  • Oct 26, 2006 9:52am Oct 26, 2006 9:52am
Quoting Dpip
I think it all depends on what's happening on the day chart... The EUR/CAD has been a great pair to trade since around mid August... Since mid September the day chart has been in a wonderful oscillation.
true.. but i never trade it coz it has such a large spread.. around 9 pips i think.. but ur right.. it is going around nicely lately..
BECAUSE I CAN !
  • #3,882
  • Oct 26, 2006 10:12am Oct 26, 2006 10:12am
Quoting Dpip
I thought the safer entry was @ 1.2638, 5 pips below the most recent support... It all worked out pretty good anyway-
yup :
  • #3,883
  • Oct 26, 2006 10:21am Oct 26, 2006 10:21am
i made 73 pips since yesterday...
  • #3,884
  • Oct 26, 2006 10:34am Oct 26, 2006 10:34am
hey yasiryasar are u still on the demo? time for u to go live now c'moooon people.
  • #3,885
  • Oct 26, 2006 10:37am Oct 26, 2006 10:37am
Would a horizontal line for either demand or supply be acceptable? This is what I am seeing on my chart right now for the Demand Line. Or is some upward slope required no matter how small?


Thanks
Jeffrey
Attached Image
  • #3,886
  • Oct 26, 2006 1:11pm Oct 26, 2006 1:11pm
nope, was directing to you.....
  • #3,887
  • Oct 26, 2006 2:43pm Oct 26, 2006 2:43pm
Quoting YasirYar
yeap.. daily charts work extra well with that.. but i prefer 4 h charts.. 1 h charts dont work at all..
I use my little twist with this method and in that I use the 1 hour chart and Its been good to be this far . So saying 1 hour chart doesn't work would be false.
  • #3,888
  • Oct 26, 2006 3:04pm Oct 26, 2006 3:04pm
Quoting saaedb
I use my little twist with this method and in that I use the 1 hour chart and Its been good to be this far . So saying 1 hour chart doesn't work would be false.
hmmm i tired using 1h charts.. and it was bad for me.. but whatever works for u
BECAUSE I CAN !
  • #3,889
  • Oct 26, 2006 3:08pm Oct 26, 2006 3:08pm
Quoting jjenkin777
Would a horizontal line for either demand or supply be acceptable? This is what I am seeing on my chart right now for the Demand Line. Or is some upward slope required no matter how small?


Thanks
Jeffrey
yea they should be fibne.. but if u ask me.. im skeptical about them.. i never take a trade on a horizonatal line break..
BECAUSE I CAN !
  • #3,890
  • Oct 26, 2006 3:13pm Oct 26, 2006 3:13pm
Quoting altin2007
hey yasiryasar are u still on the demo? time for u to go live now c'moooon people.
i promised myself ill go live on dec 1.. even tho i do feel like goin live.. i cant.. hahaha.. so 1 more month i just really wanna make sure everything goes according to plan you know..
BECAUSE I CAN !
  • #3,891
  • Oct 26, 2006 3:16pm Oct 26, 2006 3:16pm
Trade Balance in another hour or so, what do ya think peeps/?
Ghost Swoopen in for my pips while no one is lookin !!
  • #3,892
  • Oct 26, 2006 3:17pm Oct 26, 2006 3:17pm
full price projection reached.. its like a dream come true.. i took profit way before it was reached tho
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BECAUSE I CAN !
  • #3,893
  • Oct 26, 2006 3:18pm Oct 26, 2006 3:18pm
Quoting Ghostpipper
Trade Balance in another hour or so, what do ya think peeps/?
ll be trading the CPI of Japan.. thats a way better trade..
BECAUSE I CAN !
  • #3,894
  • Oct 26, 2006 3:19pm Oct 26, 2006 3:19pm
Quoting YasirYar
hmmm i tired using 1h charts.. and it was bad for me.. but whatever works for u
You have to understand the gist of the system, the reason why Mouteki trader picked the 4 hr chart was to filter out the noise. And the 1 hr chart does have alot more noise then the 4 hr chart.
But I noticed at times my entry was a little late and had I cought the breakout ealier I could have made alot more pips. Now, I draw my trend lines on the 4 hour charts and look for a breakout of these lines on the 1 hour chart. When a candle closes past these lines with atleast a 10 pip gap I place an entry order at the high/low of this 1 hour candle and ride the wave . You should demo trade this and see how it works for you.
  • #3,895
  • Oct 26, 2006 3:21pm Oct 26, 2006 3:21pm
Quoting saaedb
You have to understand the gist of the system, the reason why Mouteki trader picked the 4 hr chart was to filter out the noise. And the 1 hr chart does have alot more noise then the 4 hr chart.
But I noticed at times my entry was a little late and had I cought the breakout ealier I could have made alot more pips. Now, I draw my trend lines on the 4 hour charts and look for a breakout of these lines on the 1 hour chart. When a candle closes past these lines with atleast a 10 pip gap I place an entry order at the high/low of this 1 hour candle and ride the wave . You should demo trade this and see how it works for you.
ur a good man.. yea.. this makes sense.. ill do that next time to check it out.. u gettin a lotta successful trades like this?? which pairs??
BECAUSE I CAN !
  • #3,896
  • Oct 26, 2006 3:23pm Oct 26, 2006 3:23pm
Quoting YasirYar
when did i say anything about filters??
If you dont use any filter thus far, you should try to figure out some filter, it wont cost you much but will save you alot of pips.

I filter my signals by not placing a market order on the breakout but rather a entry order just 1 pip above the breakout candle. Saves me from some bad trades.
  • #3,897
  • Oct 26, 2006 3:25pm Oct 26, 2006 3:25pm
Quoting YasirYar
ur a good man.. yea.. this makes sense.. ill do that next time to check it out.. u gettin a lotta successful trades like this?? which pairs??
I'm only trading the GBP/USD. And yes, I've been getting some good trades, someone following only the 4hr chart would get those trades too but the only difference would be most probably I'll have a better entry.
  • #3,898
  • Oct 26, 2006 3:35pm Oct 26, 2006 3:35pm
Quoting saaedb
I'm only trading the GBP/USD. And yes, I've been getting some good trades, someone following only the 4hr chart would get those trades too but the only difference would be most probably I'll have a better entry.
yea GBP has been good to me too.. so u trade only one pair?? i trade 3 or 4.. the majors only..
BECAUSE I CAN !
  • #3,899
  • Oct 26, 2006 3:37pm Oct 26, 2006 3:37pm
target 1: 1.5888-1.5878
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  • #3,900
  • Oct 26, 2006 3:39pm Oct 26, 2006 3:39pm
Quoting YasirYar
yea GBP has been good to me too.. so u trade only one pair?? i trade 3 or 4.. the majors only..
Over all I trade more then one pair, I'd trade any pair when it setsup correctly for me. But as far as Mouteki System goes, I'm only trading the GBP.

Which four majors do you trade and how have the results been for each?
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