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Anyone Else Frustrated w/ Mouteki but don't want to give up?

  • #41
  • Oct 31, 2006 9:13pm Oct 31, 2006 9:13pm
Quoting salpoe
I have noted that if you enter the trade at the alert/open price, more times than not you will get a min of 20 pip move and not see move against that would stop you out at 10 pips. Most recently you can check the US/CHF, GBP/US and EUR/US moves last night and today. My point is that if you take the Mouteki plan as he scripted it and make no deviations there is a better chance of making pips. And with proper money mgt / risk to reward you should be profitable.
sure .. unless there is huge news... and the fundamentals screw the technicals up
BECAUSE I CAN !
  • #42
  • Oct 31, 2006 9:27pm Oct 31, 2006 9:27pm
once daily eh? what the hell am i missing lol. then again i haven't been monitoring ALL the majors. you trade 4h? or 1h?



Quoting YasirYar
once daily on major pairs.. it can be less at times though..
- nick andre -
  • #43
  • Oct 31, 2006 9:30pm Oct 31, 2006 9:30pm
Actually, i've noticed that as well. Even w/ the "bad" signals that dont go anywhere near their price projections, you can actually lock in close to 20pips before it reverses on ya.

And, in regards to 20 alerts in 5 days, damn what am i doing wrong? lol. question to you too, are you trading 1h? or 4h?


Quoting salpoe
I have noted that if you enter the trade at the alert/open price, more times than not you will get a min of 20 pip move and not see move against that would stop you out at 10 pips. Most recently you can check the US/CHF, GBP/US and EUR/US moves last night and today. My point is that if you take the Mouteki plan as he scripted it and make no deviations there is a better chance of making pips. And with proper money mgt / risk to reward you should be profitable.
- nick andre -
  • #44
  • Oct 31, 2006 9:35pm Oct 31, 2006 9:35pm
Quoting Nick_likes_pips
Actually, i've noticed that as well. Even w/ the "bad" signals that dont go anywhere near their price projections, you can actually lock in close to 20pips before it reverses on ya.

And, in regards to 20 alerts in 5 days, damn what am i doing wrong? lol. question to you too, are you trading 1h? or 4h?
trading the 4hr only...i am sticking to mouteki as scripted.

Are you getting the email alerts that was offered by ITGUY on this thread?
carpe dium
  • #45
  • Oct 31, 2006 9:47pm Oct 31, 2006 9:47pm
right after i was added to the list, i got a bunch of false alerts, followed by an email saying that it was a glitch. and then i never received another lol. i may have to request to be added again.

do you see any correlation as to which trading session most of the signals are generated in? or is that irrelevant.
- nick andre -
  • #46
  • Oct 31, 2006 10:01pm Oct 31, 2006 10:01pm
Quoting Nick_likes_pips
right after i was added to the list, i got a bunch of false alerts, followed by an email saying that it was a glitch. and then i never received another lol. i may have to request to be added again.

do you see any correlation as to which trading session most of the signals are generated in? or is that irrelevant.
i trade 4 hrs.. sometimes the daily as well.. but i guess its been working for me lately.. apart from one or two mishaps that have cost me a major a mount of pips
BECAUSE I CAN !
  • #47
  • Nov 2, 2006 4:16am Nov 2, 2006 4:16am
felt disappointed this week, some false signals !
i think mouteki alone didn't works well.. needs a good filter, and all filter that posted here not works everytime.
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #48
  • Nov 2, 2006 4:35am Nov 2, 2006 4:35am
Quoting MaXeY
felt disappointed this week, some false signals !
i think mouteki alone didn't works well.. needs a good filter, and all filter that posted here not works everytime.
Yo Saskai,
No system will ever give you 100% results. So what if it gave you a bad signal, get over and wait for the next signal. Over all at the end of the month Mouteki is profitable.
  • #49
  • Nov 2, 2006 9:45am Nov 2, 2006 9:45am
i have got 4 failed mouteki signals from yesterday and got stopped out today .... quite frustrating
  • #50
  • Nov 2, 2006 10:06am Nov 2, 2006 10:06am
Quoting VyNNeR
i have got 4 failed mouteki signals from yesterday and got stopped out today .... quite frustrating
I dont know anything about Mouteki system, I will read about it soon tho, but I know alot of experienced traders that dont trade AT ALL during non farm week. Maybe be a little more skeptical during those weeks or dont trade at all. Just a thought not my oppinion.
Ghost Swoopen in for my pips while no one is lookin !!
  • #51
  • Edited 12:02pm Nov 2, 2006 11:46am | Edited 12:02pm
Here, try this: switch to a daily chart and draw the same type Trend lines, both supply and demand. Then switch the same chart back to 4 hour and draw the 4 hour version in a different color. Now then, on the 4 hour chart you will see the daily trend lines and the 4hour trend lines. So, only place a trade that is valid for the 4hour trend line break and also is in the same direction as the daily trend line.

In other words, never trade the 4 hour trend line break, against the daily trend line. That is by definition a low probability trade.

It is simple, but very effective.


Quoting MaXeY
felt disappointed this week, some false signals !
i think mouteki alone didn't works well.. needs a good filter, and all filter that posted here not works everytime.
Attached Image
  • #52
  • Nov 2, 2006 12:44pm Nov 2, 2006 12:44pm
Quoting smjones
Here, try this: switch to a daily chart and draw the same type Trend lines, both supply and demand. Then switch the same chart back to 4 hour and draw the 4 hour version in a different color. Now then, on the 4 hour chart you will see the daily trend lines and the 4hour trend lines. So, only place a trade that is valid for the 4hour trend line break and also is in the same direction as the daily trend line.

In other words, never trade the 4 hour trend line break, against the daily trend line. That is by definition a low probability trade.

It is simple, but very effective.
while that may be true.. most of the times both the daily and the 4h breaks are in opposite directions.. which results in reduced trades.. but ill try what u said again.. thanx
BECAUSE I CAN !
  • #53
  • Nov 2, 2006 12:58pm Nov 2, 2006 12:58pm
Yes it is true you will not be able to trade as many trades, in fact about half as many. The ones you do trade will have a higher probability of success.



Quoting YasirYar
while that may be true.. most of the times both the daily and the 4h breaks are in opposite directions.. which results in reduced trades.. but ill try what u said again.. thanx
  • #54
  • Nov 2, 2006 1:05pm Nov 2, 2006 1:05pm
I've yet to see a case where the daily and the 4 hr break in the opposite direction. If this ever does happen I'll incline towards the bigger time frame break but at the same time I'll zoom in to a 30 Min chart and play the opposite breakout on the four hour chart with very conservative TP.
It all adds up to the individual trader.

Quoting YasirYar
while that may be true.. most of the times both the daily and the 4h breaks are in opposite directions.. which results in reduced trades.. but ill try what u said again.. thanx
  • #55
  • Nov 2, 2006 1:19pm Nov 2, 2006 1:19pm
Quoting smjones
So, only place a trade that is valid for the 4hour trend line break and also is in the same direction as the daily trend line. In other words, never trade the 4 hour trend line break, against the daily trend line.
Hi Scott,

I realize you tried to explain this twice, but I still don't follow what you mean by trading in "the same direction as the daily." Sorry.

I believe you mean that once you have the daily TL's on the 4h, if you see a break long on the daily lines, don't trade a 4h break short, and vice versa.

Do I have that right?

Further, what if you get a 4h break, but the daily is still within a penant, showing no break? Do you take that trade?

Any clarification/confirmation will really help.

best,
hk
  • #56
  • Nov 2, 2006 1:25pm Nov 2, 2006 1:25pm
Hi Saaed,

Here's an example of opposite TL breaks:

Quoting saaedb
I've yet to see a case where the daily and the 4 hr break in the opposite direction. If this ever does happen I'll incline towards the bigger time frame break but at the same time I'll zoom in to a 30 Min chart and play the opposite breakout on the four hour chart with very conservative TP.
It all adds up to the individual trader.
Attached Image
  • #57
  • Nov 2, 2006 1:31pm Nov 2, 2006 1:31pm
Yes, I am saying if you were trading the Daily and it is in a long trade, so the most recent valid trend line is up, do not take a short on the 4hour chart. Only take long trades on the 4 hour chart.

That is just an example for clarification. I am not saying trade both the daily and the 4hour. I am saying trade the 4hour when it agrees with a daily trend.

Hope that clears it up a bit...


Quoting Horace Kent
Hi Scott,

I realize you tried to explain this twice, but I still don't follow what you mean by trading in "the same direction as the daily." Sorry.

I believe you mean that once you have the daily TL's on the 4h, if you see a break long on the daily lines, don't trade a 4h break short, and vice versa.

Do I have that right?

Further, what if you get a 4h break, but the daily is still within a penant, showing no break? Do you take that trade?

Any clarification/confirmation will really help.

best,
hk
  • #58
  • Nov 2, 2006 1:45pm Nov 2, 2006 1:45pm
Quoting smjones
Hope that clears it up a bit...
Yes, thanks Scott.
  • #59
  • Nov 2, 2006 2:18pm Nov 2, 2006 2:18pm
Quoting smjones
Yes, I am saying if you were trading the Daily and it is in a long trade, so the most recent valid trend line is up, do not take a short on the 4hour chart. Only take long trades on the 4 hour chart.

That is just an example for clarification. I am not saying trade both the daily and the 4hour. I am saying trade the 4hour when it agrees with a daily trend.

Hope that clears it up a bit...
hmm... thats an interesting filter, I'll have to try that out. Thanks for sharing Scott
  • #60
  • Nov 2, 2006 3:13pm Nov 2, 2006 3:13pm
I concur.

[sounds professional, eh? ]


Quoting smjones
Yes, I am saying if you were trading the Daily and it is in a long trade, so the most recent valid trend line is up, do not take a short on the 4hour chart. Only take long trades on the 4 hour chart.

That is just an example for clarification. I am not saying trade both the daily and the 4hour. I am saying trade the 4hour when it agrees with a daily trend.

Hope that clears it up a bit...
- nick andre -
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