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Mouteki Trading

  • #4,061
  • Nov 1, 2006 9:34pm Nov 1, 2006 9:34pm
Quoting jjenkin777
Just posting my current chart. I am new to the Mouteki method and have only been testing it this last week. So far so good. If this moves above the Supply Line, I will definitely take out a long order. However if it crosses the Demand Line I am not sure if that would be a good trade. The other end of the Demand Line goes back to the 25th of September. Would such a long trend line still be valid?

Jeffrey

well im already in for a long.. take a look at the chart.. line already broken..
Attached Image
BECAUSE I CAN !
  • #4,062
  • Nov 1, 2006 10:28pm Nov 1, 2006 10:28pm
G'Day Yasar,

I am in as well on same analisis. Curious as to your entry price and stop. I entered a little late on a Baggo entry(1.2464) confirmation and will be watching the Euro announcememts closely tonight Aussie time. The other factor is of course the US non farms and if a potenial longer term trade can avoid any whipsaw if any, if of course we get the movement Nth. There is some thought that there was growth in the jobs sector (Bloomberg) so this "could be" a catalyst for retracement across the board on an oversold $US. So the Q is will the longer term TL offer support or just a speed bump?

Curious as to your and others thoughts

Regards

RBS
  • #4,063
  • Nov 1, 2006 11:25pm Nov 1, 2006 11:25pm
I calculated that the max return was 50 pips. I play these type of trades conservatively and only take 80% with a 40% stop. That means a 40 pip TP versus a 20 pip S/L. I decided that was too small this time around.


Jeffrey
  • #4,064
  • Nov 2, 2006 1:10am Nov 2, 2006 1:10am
I didn't take the trade, because if you look at the daily chart you will see yesterdays candle opened above previous resistence and now became support. This support has not been broken as of yet. You never know might be a good trade though.
  • #4,065
  • Nov 3, 2006 10:37am Nov 3, 2006 10:37am
If it makes anyone feel comfy, I got burned today BIG time.
  • #4,066
  • Nov 3, 2006 10:48am Nov 3, 2006 10:48am
saa what happened?
  • #4,067
  • Nov 3, 2006 11:10am Nov 3, 2006 11:10am
Quoting saaedb
If it makes anyone feel comfy, I got burned today BIG time.
3 trades in a row today.. winnin trades
BECAUSE I CAN !
  • #4,068
  • Nov 3, 2006 11:38am Nov 3, 2006 11:38am
Quoting YasirYar
3 trades in a row today.. winnin trades
Good
  • #4,069
  • Nov 3, 2006 11:39am Nov 3, 2006 11:39am
Quoting enoc2g
saa what happened?
I entered the market without a STOP.
  • #4,070
  • Nov 3, 2006 11:55am Nov 3, 2006 11:55am
ouch, thats also happened to me as well.. something I try to gaurd against these days.
  • #4,071
  • Nov 3, 2006 11:59am Nov 3, 2006 11:59am
Not having a SL is probably one of the worse things to do in trading, and its even worse during newstime since one is lucky an order can even be open/close/modify during that time. I used to did not have problems during newstime, well not anymore, its better to be safe than sorry.
  • #4,072
  • Nov 3, 2006 12:01pm Nov 3, 2006 12:01pm
Quoting lava
Hi All,
I also believe one can not use Mouteki alone and one must filter out the false breaks.

The question is how?
I have been experimenting with Median Lines, they were invented many years ago by Dr.Alan Andrews. They are very simple to draw using Mouteki Pivot Points. If your are looking for a greater understanding of market movements- may I suggest you research these very simple but effective lines.
They are based upon the same theme as Mouteki- that is trendlines.
Try it - you will be surprized.

GL & GT
Can you explain how you use Median Lines with Mouteki since I did not realize that Mouteki uses pivot points, I though its was just supply/demand line along with open/close filtering....
  • #4,073
  • Nov 3, 2006 12:21pm Nov 3, 2006 12:21pm
I think you will find that you are going to have to practise positioning the lines...... ie draw a lot of them and redraw them until you feel comfortable with how you are applying them..... you want them to contain the price..... and they should be drawn so that they slope up and also a set that slopes down....

practise is going to accomplish this for you
  • #4,074
  • Nov 3, 2006 2:23pm Nov 3, 2006 2:23pm
Quoting enoc2g
ouch, thats also happened to me as well.. something I try to gaurd against these days.
I never put a trade in without a SL and even today I thought I had a 18 pip SL with a reverse position. But apparently I did something that the SL didn't go through. thats what IBFX tells me and thats what my trading stations closed positions shows. Can't do much but to suck it up. But when I say i got burnt it means I lost BIG .
  • #4,075
  • Nov 3, 2006 2:43pm Nov 3, 2006 2:43pm
I have had some good losses, unfortunately I have been unable to blame the broker. LOL

Seems weird that your stop loss would not be honoured....... serious.!!!

Hopefully next week you will recover that amount and more on Monday so you can resume the upward climb...
  • #4,076
  • Nov 3, 2006 4:12pm Nov 3, 2006 4:12pm
I can't blame the broker, coz apparently my own logs show that the SL was never set.

Quoting Blaiserboy
I have had some good losses, unfortunately I have been unable to blame the broker. LOL

Seems weird that your stop loss would not be honoured....... serious.!!!

Hopefully next week you will recover that amount and more on Monday so you can resume the upward climb...
  • #4,077
  • Nov 3, 2006 4:18pm Nov 3, 2006 4:18pm
I have a preset on my order entry. that keeps me protected......
  • #4,078
  • Nov 3, 2006 6:38pm Nov 3, 2006 6:38pm
Quoting Blaiserboy
I have had some good losses, unfortunately I have been unable to blame the broker. LOL

Seems weird that your stop loss would not be honoured....... serious.!!!

Hopefully next week you will recover that amount and more on Monday so you can resume the upward climb...
I was told by traders that it is possible that one's S/L can be skipped since price may never hit that price and go right over it. A S/L is not guarantee to being triggered, but its better than nothing.
  • #4,079
  • Nov 3, 2006 8:35pm Nov 3, 2006 8:35pm
Thanks Mouteki for this wonderful thread (and everyone that contributes)!

1. Besides the original manual that I have is there any summary reports of this huge thread? If not maybe the original is still the best!

2. How does one trade this system when they work 9am to 5pm EST? It seems that the major price actionhappens when I am at work. I understand the setup and the intersect point gives you your point of reference. Now if I understand correctly, the breakout can happen anytime after that. I will probably be at work when it breaks.

3. How do I set my entry and exit when I have to go to work?

4. What is the best pair to trade between 5pm and 11pm if that is the only time I can whatch the pairs?

5. What evening time period produces the best price movement for that particular pair.

Thanks very much for your answers.

Everett
  • #4,080
  • Nov 3, 2006 9:42pm Nov 3, 2006 9:42pm
I'm on the west coast so I don't know. But I would look at all the pairs available on MT4. I know sometime the major pairs break the trendline early and nothing happen until late at 11-12 PST. So try to catch it when that happens.
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