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Mouteki Trading

  • #3,921
  • Oct 26, 2006 9:26pm Oct 26, 2006 9:26pm
Quoting llambert3
altin, what's up with your line? You have it going downwards. Was that intentional? If not, this isn't a trade. Or I am missing something.
good point there.. no wonder the graphs looked different
BECAUSE I CAN !
  • #3,922
  • Oct 26, 2006 10:52pm Oct 26, 2006 10:52pm
hi..


anyone notice that if we get a break down on the Jpy 4hr...it will also be a break down on the daily charts also..
  • #3,923
  • Oct 26, 2006 10:57pm Oct 26, 2006 10:57pm
Quoting karakoyunlar
eurcad has a 10 pip spread in my firm with 0.89 pip value but teh strong movements are so fantastic
hmmm its the 10 pip thats scary..
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  • #3,924
  • Edited 5:52am Oct 27, 2006 5:33am | Edited 5:52am
i was tired, had to goto bed arly last night, miscalculated...anyway i should've not done that, i learned my lesson. still learning by the way i add the sto 14,3,3...pretty good indicator.
  • #3,925
  • Oct 27, 2006 6:00am Oct 27, 2006 6:00am
Yep, Lower trend lines go UP, and Upper trend lines go DOWN.This would mix me up the first couple of days I learned about De Mark trend lines.
  • #3,926
  • Oct 27, 2006 6:25am Oct 27, 2006 6:25am
Quoting YasirYar
true.. but i never trade it( EUR/CAD) coz it has such a large spread.. around 9 pips i think.. but ur right.. it is going around nicely lately..
I thought the exact same way... Until I read how some long time traders loved it. They stated it gives you really good technical set-ups and big moves. I've found this to be pretty accurate so far.

Maybe paper trade it or use 1 mini to get comfortable with it. You can make some money there... Anyway, don't want to hijack this thread... I'll see ya on the EUR/CAD thread-
  • #3,927
  • Oct 27, 2006 6:33am Oct 27, 2006 6:33am
GBPUSD is near signalling another LONG RUN!

Should GBPUSD close above 1.8922 its a clear Mouteki LONG signal that will agree with US GDP news later.

BTW.. Should US GDP comes out lower than 2.3%, GBPUSD will shoot up
  • #3,928
  • Oct 27, 2006 7:43am Oct 27, 2006 7:43am
Quoting altin2007
i was tired, had to goto bed arly last night, miscalculated...anyway i should've not done that, i learned my lesson. still learning by the way i add the sto 14,3,3...pretty good indicator.
why not jhust use an EA to do the job?
BECAUSE I CAN !
  • #3,929
  • Oct 27, 2006 7:44am Oct 27, 2006 7:44am
Quoting Dpip
I thought the exact same way... Until I read how some long time traders loved it. They stated it gives you really good technical set-ups and big moves. I've found this to be pretty accurate so far.

Maybe paper trade it or use 1 mini to get comfortable with it. You can make some money there... Anyway, don't want to hijack this thread... I'll see ya on the EUR/CAD thread-
sounds good to me
BECAUSE I CAN !
  • #3,930
  • Oct 27, 2006 7:48am Oct 27, 2006 7:48am
Quoting BurgerKing
GBPUSD is near signalling another LONG RUN!

Should GBPUSD close above 1.8922 its a clear Mouteki LONG signal that will agree with US GDP news later.

BTW.. Should US GDP comes out lower than 2.3%, GBPUSD will shoot up
made 20 pips on the GDP news this 830. But then it shot back down.. got ugly so i got out.. i was hoping itd go all the way up and smash thru the supply line.. oh well.. 20 aint that bad either..
BECAUSE I CAN !
  • #3,931
  • Oct 27, 2006 8:24am Oct 27, 2006 8:24am
hi...


Well if you were prepared to trade the TD line breakout and not wait for the 4hr bar opening.....this would have been a good trade..

using the supply and demand trendline...the move down broke a 1hr ..4hr and daily trendline....all were within 11pips of each other when broken by price.
  • #3,932
  • Oct 27, 2006 8:33am Oct 27, 2006 8:33am
Quoting YasirYar
made 20 pips on the GDP news this 830. But then it shot back down.. got ugly so i got out.. i was hoping itd go all the way up and smash thru the supply line.. oh well.. 20 aint that bad either..
Still Holding my Longs From the 24th, Will close all my lots probably today and will access the situation again on Sunday.
  • #3,933
  • Oct 27, 2006 8:37am Oct 27, 2006 8:37am
Quoting saaedb
Still Holding my Longs From the 24th, Will close all my lots probably today and will access the situation again on Sunday.
hmmm i never am in a trade that long.. oh well .. very nice how many pips?
BECAUSE I CAN !
  • #3,934
  • Oct 27, 2006 8:42am Oct 27, 2006 8:42am
Quoting YasirYar
hmmm i never am in a trade that long.. oh well .. very nice how many pips?
My entry was at 723 and I've kept on added lots to it. As of now I have 7 Std Lots on this trade. I normally dont hold on to trades for long but if the setup is there and the fundamentals are backing it, I let it ride.

Cut the losers and hold onto the winners <<<< very important statement
  • #3,935
  • Oct 27, 2006 8:50am Oct 27, 2006 8:50am
Quoting saaedb
My entry was at 723 and I've kept on added lots to it. As of now I have 7 Std Lots on this trade. I normally dont hold on to trades for long but if the setup is there and the fundamentals are backing it, I let it ride.

Cut the losers and hold onto the winners <<<< very important statement
hmmm.. now thats a huge profit.. 350 plus pips on 7 std lots.. im impressed.. made a living for urself this month didnt u
BECAUSE I CAN !
  • #3,936
  • Oct 27, 2006 8:50am Oct 27, 2006 8:50am
YasirYar
Today was a nice oppertunity to use the muteki method how I was explaining to you yesterday.
Draw the Lines on the 4 Hr and look at the breakout on the hourly chart. You're getting the signal much earlier then what you would get only from the 4Hr chart.
  • #3,937
  • Oct 27, 2006 8:53am Oct 27, 2006 8:53am
Quoting saaedb
YasirYar
Today was a nice oppertunity to use the muteki method how I was explaining to you yesterday.
Draw the Lines on the 4 Hr and look at the breakout on the hourly chart. You're getting the signal much earlier then what you would get only from the 4Hr chart.
yea bt doing that dont u also get into some early false trades?? i may be wrong.. hey and how long do u think the gbp is going to go? can u gimme a rough estimate so i can set my limit for today?
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  • #3,938
  • Oct 27, 2006 9:01am Oct 27, 2006 9:01am
Quoting YasirYar
yea bt doing that dont u also get into some early false trades?? i may be wrong.. hey and how long do u think the gbp is going to go? can u gimme a rough estimate so i can set my limit for today?
I've yet to get a false breakout signal (off course it depends on, if you can detect the false breakout or not). Read my guidlines again and try demo trading it, you'll get a better understanding. Its alot tougher to trade it like this then just using the 4hr chart.

Only if I knew how much higher will this pair go....

But I will close my trade around 11 - Noonish EST.
  • #3,939
  • Oct 27, 2006 9:03am Oct 27, 2006 9:03am
OR when you see huge 50-60 pip drop on this pair, just know that I pulled out my $$ .
  • #3,940
  • Oct 27, 2006 9:23am Oct 27, 2006 9:23am
Quoting saaedb
OR when you see huge 50-60 pip drop on this pair, just know that I pulled out my $$ .
cool im already out tho.. im going to a party in a while.. si i thought i should exit the trade
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