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Mouteki Trading

  • #3,961
  • Oct 30, 2006 4:41am Oct 30, 2006 4:41am
YasirYar

I believe that the line drawn by the so-called indicator or EA is incorrect since it does not wait for the completion of the candle, it presumes it will be lower. Anyhow, I am interested as to why you would not take the trade also....
  • #3,962
  • Oct 30, 2006 5:59am Oct 30, 2006 5:59am
Anyone else get in on the 2nd leg of the gbp , positioned myself early this morning @ 1.8985 long , will see how this trade works out this week , anyone out there , with the same position let me know .

Good trading : Vinny
  • #3,963
  • Oct 30, 2006 6:20am Oct 30, 2006 6:20am
Quoting vinn234
Anyone else get in on the 2nd leg of the gbp , positioned myself early this morning @ 1.8985 long , will see how this trade works out this week , anyone out there , with the same position let me know .

Good trading : Vinny
There was a signal to long, the entry price also depends upon which broker you are using.
  • #3,964
  • Oct 30, 2006 6:53am Oct 30, 2006 6:53am
Quoting vinn234
Anyone else get in on the 2nd leg of the gbp , positioned myself early this morning @ 1.8985 long , will see how this trade works out this week , anyone out there , with the same position let me know .

Good trading : Vinny
hi vinn234 open GBP/USD on last 26 at 1.8912. kept it open over the weekend, and looking good still. open another one early this morning at 1.8963 after observing the movement. not looking bad either. both has a target of 1.9050 initially, might be revised to 1.9073. also currently observing trend on EUR/JPY and EUR/GBP. long and short respectively, small trade, as a guide. these 3 seem to move together, from observation. EUR/JPY has met a resistance at 149.21. expect to be climbing back up again, and so will GBP continue for at least a little while longer. GBP is 1.9037 as we speak. best of luck to both of us.

just an observation.
Veritas Omnia Vincit
  • #3,965
  • Oct 30, 2006 7:05am Oct 30, 2006 7:05am
Y'all are braver than I... I'm not trading into this news...

However, if I had to guess, I'd say it's gonna breakout out of it's range & start a trend... But, if I'm wrong, it could be going back to the bottom of the range around 8500.
  • #3,966
  • Oct 30, 2006 10:21am Oct 30, 2006 10:21am
is it gonna be a good trade in the next hours on the pair eurusd
  • #3,967
  • Oct 30, 2006 10:29am Oct 30, 2006 10:29am
Does anyone else see the sell signal on this pair @ 1.2716?
Wondering if daylight savings time was reason for not getting alert.
carpe dium
  • #3,968
  • Oct 30, 2006 11:33am Oct 30, 2006 11:33am
Quoting salpoe
Does anyone else see the sell signal on this pair @ 1.2716?
Wondering if daylight savings time was reason for not getting alert.
Im not sure but i belive that the candle needs to close under the supply line before it is considered a signal, i may be wrong though.
Egyptian and proud of it!
  • #3,969
  • Oct 30, 2006 11:50am Oct 30, 2006 11:50am
this what i have on my trading system
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  • #3,970
  • Oct 30, 2006 12:24pm Oct 30, 2006 12:24pm
i had a sell under 2716, but i wouldt do it, i demoed it, but i wouldnt do it with real money, ive been demoing for a few weeks every signal. but my money would stay away from this one.
  • #3,971
  • Oct 30, 2006 1:20pm Oct 30, 2006 1:20pm
Quoting Dpip
Y'all are braver than I... I'm not trading into this news...

However, if I had to guess, I'd say it's gonna breakout out of it's range & start a trend... But, if I'm wrong, it could be going back to the bottom of the range around 8500.
It ain't gonna go to 8500, its more likely to go to 9250 then 8500. Fundamentals are going to play a big role in it.
Keep an eye out for the new on Friday and then the following Thursday.
  • #3,972
  • Oct 30, 2006 1:37pm Oct 30, 2006 1:37pm
Quoting saaedb
I noticed your indicator has problems drawing the trend lines correctly. But as of now, there is no breach of the demand line.

hnmmm u got a better mouteki EA then?? coz this was the only one i could find..
BECAUSE I CAN !
  • #3,973
  • Oct 30, 2006 1:39pm Oct 30, 2006 1:39pm
Quoting Angler
hi...


YasirYar.....you have me confused...what is the actual reason you are not taking the trade...

1. you said the trendline might be wrong..well its still right BUT also the 5 bar pattern has not finished so there is no trade anyway..you did not mention this.

2. you said the daily signalled a 150pip move up.....but you think it wont go up anymore so that point cancelled..

Whats left..

My reason would be..(besides the pattern not complete yet ) is that the line was breached with the price moving up...its the wrong direction.

I am waiting for the previous rising TD line to be breached...its not that far away and was given some credibility when the price came down and bounced off it..
hey angler.. ur right.. i didnt take the trade because the EA was faulty.. the daily moutaki charts signal a 150 buy.. but the price was already to high.. so i thought it shudnt go up anymore.. confusing?? yeap.. thats y i didnt go in.. no reason taking chances.. and yea.. the pattern isnt complete.. so i was wondering y the heck the EA made the line anyways.. nice points
BECAUSE I CAN !
  • #3,974
  • Oct 30, 2006 1:40pm Oct 30, 2006 1:40pm
Quoting et_phonehome_2
YasirYar

I believe that the line drawn by the so-called indicator or EA is incorrect since it does not wait for the completion of the candle, it presumes it will be lower. Anyhow, I am interested as to why you would not take the trade also....
yeaop the EA has some major problems.. and read my last post for not taking the trade
BECAUSE I CAN !
  • #3,975
  • Oct 30, 2006 1:46pm Oct 30, 2006 1:46pm
something tells me my EA aint right take a look..
Attached Image
BECAUSE I CAN !
  • #3,976
  • Oct 30, 2006 1:56pm Oct 30, 2006 1:56pm
Would be great if someone would post a recent version...

Thanks
  • #3,977
  • Oct 30, 2006 2:02pm Oct 30, 2006 2:02pm
any1 want to pay his utility bills for this month?? 291 pips north move comin up
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BECAUSE I CAN !
  • #3,978
  • Oct 30, 2006 2:08pm Oct 30, 2006 2:08pm
GBP up move out of steam?? take a look at the divergence on the RSI.. price makes a higher high.. RSI doesnt.. it ROUghly STAYS the same.. i said ROUGHLY.. do take a look.. im looking forward to a major downtrend now..
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BECAUSE I CAN !
  • #3,979
  • Oct 30, 2006 2:10pm Oct 30, 2006 2:10pm
yasir, yes i see the same thing, the only concern I have is the break of 9014 TL which is bullish staying out of this pair for now till we get some quick downside action and more volume.
  • #3,980
  • Oct 30, 2006 2:18pm Oct 30, 2006 2:18pm
Lots of divergence in other indicators confirming start of move to the south.
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