Used Mouteki this week and made profit | Forex Factory

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Used Mouteki this week and made profit

  • #1
  • First Post: Mar 9, 2007 2:24pm Mar 9, 2007 2:24pm
I have been trading on and off for 6 years without any success and blowing about 6 accounts

I have discovered this Mouteki method and I cannot believe how easy is was to turn a profit of this magnitude on only trading the GBP/CHF

Closed for the weekend up 489 pips. I traded 9 separate trades to acheive this so definitely not a system for people who cannot spend too much time in front of the pc

Wondered if any one else has had similar success or it is just a fluke?

Dave
  • #2
  • Mar 9, 2007 2:31pm Mar 9, 2007 2:31pm
Quoting rumbey
I have been trading on and off for 6 years without any success and blowing about 6 accounts

I have discovered this Mouteki method and I cannot believe how easy is was to turn a profit of this magnitude on only trading the GBP/CHF

Closed for the weekend up 489 pips. I traded 9 separate trades to acheive this so definitely not a system for people who cannot spend too much time in front of the pc

Wondered if any one else has had similar success or it is just a fluke?

Dave
I think this week was exceptional (I mean easy to trade). Don't get too excited but good luck
L
  • #3
  • Mar 9, 2007 2:31pm Mar 9, 2007 2:31pm
Most probably a fluke.
  • #4
  • Mar 9, 2007 3:47pm Mar 9, 2007 3:47pm
Quoting rumbey
I have been trading on and off for 6 years without any success and blowing about 6 accounts

I have discovered this Mouteki method and I cannot believe how easy is was to turn a profit of this magnitude on only trading the GBP/CHF

Closed for the weekend up 489 pips. I traded 9 separate trades to acheive this so definitely not a system for people who cannot spend too much time in front of the pc

Wondered if any one else has had similar success or it is just a fluke?

Dave
No flukes, just friendly or not friendly markets. Many people abandoned Mouteki when Mouteki himself ran off this site, those that have not will tell you it is a solid method. I tweaked it and usually just use it to "find" upcoming trades. Like any method it goes through its trouble times. I would diversify beyond just gbp/chf.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #5
  • Mar 11, 2007 8:36am Mar 11, 2007 8:36am
you should be careful and develop some kind of filter for mouteki as it seems it isnt profitable on the long run, just my opinion

do some research
  • #6
  • Mar 11, 2007 8:54am Mar 11, 2007 8:54am
Quoting Ahil
you should be careful and develop some kind of filter for mouteki as it seems it isnt profitable on the long run, just my opinion

do some research
Yes, filters are needed. Mouteki will often give signals while the market is flat and has not determined a direction. Also, given the right market... it may even give a signal moving the opposite direction slowly.

I like Mouteki "trap" a pair and give me a little perspective on what may be coming up to trade.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #7
  • Mar 25, 2007 8:44pm Mar 25, 2007 8:44pm
Quoting StockKJay
No flukes, just friendly or not friendly markets. Many people abandoned Mouteki when Mouteki himself ran off this site, those that have not will tell you it is a solid method. I tweaked it and usually just use it to "find" upcoming trades. Like any method it goes through its trouble times. I would diversify beyond just gbp/chf.
oh, mouteki not here anymore? dumb me I've purchased mouteki system off ebay before I found this thread, although it didn't mention "mouteki" system anywhere, I only found out after downloaded the program... so maybe he decided to sell it for quick bucks or someone else's doing it for freeride... but i'll never buy from auction site again !
  • #8
  • Apr 23, 2007 12:42pm Apr 23, 2007 12:42pm
Quoting rumbey
I have been trading on and off for 6 years without any success and blowing about 6 accounts

I have discovered this Mouteki method and I cannot believe how easy is was to turn a profit of this magnitude on only trading the GBP/CHF

Closed for the weekend up 489 pips. I traded 9 separate trades to acheive this so definitely not a system for people who cannot spend too much time in front of the pc

Wondered if any one else has had similar success or it is just a fluke?

Dave

I have been hearing a lot about this method and also about one called the Shubert Accuracy method Does any one know how or if the compare?
Thanks
Pipp
  • #9
  • Apr 25, 2007 2:46pm Apr 25, 2007 2:46pm
Scott Shubert sells his method at his website, tradingmastermind.com (or something like that) for $387. It assumes you know nothing about forex trading. It is a polished video course. That's the good news. The bad news is that Scott is incredibly long winded http://www.forexfactory.com/images/icons/icon11.gif and repeats himself ad nauseum in order to fill up the CD's. I did not purchase the whole course (thank God). I did buy off ebay his "accuracy method". It is long term trading (use 4HR and daily charts) with a few EMA's and Bollinger Bands. Big whoop.

Unless you are a complete idiot or newbie, pass on this course. Even in his accuracy method CD's (there are 2), he says in 4 hours what a normal person could say in 15 minutes. My conclusion is that Shubert does NOT trade live. I just finished a short section of the video (in which he backtests his method). In it Shubert talks about where to place stops. "Under the 13EMA", he says. Then he proceeds to see every single trade in his backtest get taken out for a loss. Then he says, "I guess we need to figure this out". http://www.forexfactory.com/images/icons/icon10.gif Duh!!!

I have seen tons of methods, on ebay, here, and at TSD. Guess what - no method out there can replace thinking, planning, and money management. Want more on the Shubert method? I'll give it to you for FREE!
Chance favors the prepared
  • #10
  • Apr 26, 2007 11:57am Apr 26, 2007 11:57am
Quoting rumbey
I have been trading on and off for 6 years without any success and blowing about 6 accounts

I have discovered this Mouteki method and I cannot believe how easy is was to turn a profit of this magnitude on only trading the GBP/CHF

Closed for the weekend up 489 pips. I traded 9 separate trades to acheive this so definitely not a system for people who cannot spend too much time in front of the pc

Wondered if any one else has had similar success or it is just a fluke?

Dave
Correct trendlines - aka support and resistance - always work. That's the big secret behind it
  • #11
  • Apr 27, 2007 7:15am Apr 27, 2007 7:15am
research tom demark trendlines. Mouteki got his idea from TD. i'm gonna post a pdf with the more complicated rules
Attached File(s)
File Type: pdf Td lines.pdf   397 KB | 3,024 downloads
  • #12
  • May 8, 2007 10:55am May 8, 2007 10:55am
It’s always interesting and amusing to see how one person buys a pirated copy of the course without any of the ongoing videos and web conferences and complains that it is no good while some of the most experienced and positive minded traders who have taken every course available buy the course and become extremely successful, happy and fulfilled in life. The difference between these 2 types of people is demonstrated throughout the Trading Mastermind training program.

All you have to do is ask any legitimate student and member of the trading community to find out whether it works.
Forex Trading Secrets


Quoting JohnW
Scott Shubert sells his method at his website, tradingmastermind.com (or something like that) for $387. It assumes you know nothing about forex trading. It is a polished video course. That's the good news. The bad news is that Scott is incredibly long winded http://www.forexfactory.com/images/icons/icon11.gif and repeats himself ad nauseum in order to fill up the CD's. I did not purchase the whole course (thank God). I did buy off ebay his "accuracy method". It is long term trading (use 4HR and daily charts) with a few EMA's and Bollinger Bands. Big whoop.

Unless you are a complete idiot or newbie, pass on this course. Even in his accuracy method CD's (there are 2), he says in 4 hours what a normal person could say in 15 minutes. My conclusion is that Shubert does NOT trade live. I just finished a short section of the video (in which he backtests his method). In it Shubert talks about where to place stops. "Under the 13EMA", he says. Then he proceeds to see every single trade in his backtest get taken out for a loss. Then he says, "I guess we need to figure this out". http://www.forexfactory.com/images/icons/icon10.gif Duh!!!

I have seen tons of methods, on ebay, here, and at TSD. Guess what - no method out there can replace thinking, planning, and money management. Want more on the Shubert method? I'll give it to you for FREE!
  • #13
  • May 9, 2007 7:05am May 9, 2007 7:05am
Quoting pipperskipper
It’s always interesting and amusing to see how one person buys a pirated copy of the course without any of the ongoing videos and web conferences and complains that it is no good while some of the most experienced and positive minded traders who have taken every course available buy the course and become extremely successful, happy and fulfilled in life. The difference between these 2 types of people is demonstrated throughout the Trading Mastermind training program.

All you have to do is ask any legitimate student and member of the trading community to find out whether it works.
Forex Trading Secrets
First, it wasn't pirated. It came in the original shrink-wrapped case. Second, I didn't say that it was no good. My point is that this method, like nearly every one that I have PURCHASED is no better than those available for free at this website. I have never (and I mean really never) found a vendor selling a course that is willing to prove he/she trades live. Oh, and in case your wondering, my life is extremely happy and fullfilled. I treasure the moments when I provide learning traders with methods that should be FREE!
Chance favors the prepared
  • #14
  • May 14, 2007 11:16am May 14, 2007 11:16am
Quoting don perry
research tom demark trendlines. Mouteki got his idea from TD. i'm gonna post a pdf with the more complicated rules
Thank you.
Could it be Man is trying to be something without knowing they're complete?
  • #15
  • Jun 27, 2007 10:28pm Jun 27, 2007 10:28pm
Quoting JohnW
First, it wasn't pirated. It came in the original shrink-wrapped case. Second, I didn't say that it was no good. My point is that this method, like nearly every one that I have PURCHASED is no better than those available for free at this website. I have never (and I mean really never) found a vendor selling a course that is willing to prove he/she trades live. Oh, and in case your wondering, my life is extremely happy and fullfilled. I treasure the moments when I provide learning traders with methods that should be FREE!
First of all shrink wrapping is not proof of legal copyright. This course has never been available as individual videos but has only been legally available as one 14 disc course.

It is interesting how many people in Forex are actually anti-capitalists. For instance it is considered "bad" if someone sells something. When I see someone selling something I admire them and consider them fellow entrepreneurs and capitalists. After all, success in any business is about selling and profit which are good, noble and virtuous activities. This is why our course emphasizes the need to work on success consciousness and positive thinking. If you believe that it is bad to sell something or to make a profit you will find that your unconscious mind will prevent you from being successful in Forex trading. As Forex traders all we do is buy low and sell high in order to make a profit and not even to provide a legitimate product or service to benefit anyone. Is that bad? I consider it very good because it promotes fulfillment in life without wasting time and energy on the enslavement to the "rat race". And it opens massive opportunities for philanthropy and charity.

It is also interesting how our results are determined by our intentions. Many people say that they intend to create multi million dollar businesses in Forex trading. But in their minds they do not believe that their business justifies purchasing any education materials, professional charting or anything in the way of business expenses. Why do people say they intend to launch multi million dollar businesses and yet they think it is "bad" to pay for education or purchase tools for their business? It is because on an unconscious level they do not really intend to be successful. Most Forex traders do not even have a business plan that included being able to afford $100 per month for professional charts.

So the intention is to find a free trading method, avoid legitmate training and education, use free charts and become a billionaire. Is there something wrong with this picture? Well, some of us would think so. And the key is in spending time first of all in success training and positive thinking. Spend time with some wealth consciousness material first and it will go a long way toward enabling you to achieve real goals in your Forex trading business.

Although this is not covered in the Trading Mastermind Forex course, it is mentioned and often emphasized that training the mind will help and that it is easily demonstrated by the number of people who can learn profitable trading strategies all day long every day and never have consistent profit.

Altough I have been a full time trader for several years I now spend most of my time providing free web conferences, free training videos, and free private mentoring to many people who sincerely desire to achieve consistent success in Forex trading. I am also currently not even an introducing broker. And yet it is amusing how many anti capitalists are afraid that someone is going to sell something.
  • #16
  • Jun 27, 2007 10:49pm Jun 27, 2007 10:49pm
Quoting Scott
If you believe that it is bad to sell something or to make a profit you will find that your unconscious mind will prevent you from being successful in Forex trading. .
Scott, first I want to say that I agree with the core of what you are saying. However, it is EXTREMELY COMMON in the trading business, as in other businesses, to sell complete junk to people. I laugh as I watch infomercials on Saturday morning as I am eating breakfast. The "systems" that will make people "$5k yesterday" and all the rest. These folks are selling something that they themselves do not use. The reason they do not use it is because they are selling a dream and a shortcut. Even if these people are successful at what they say they are ... it is through hard work. They sell a shortcut and then blame it on the individual trader when they cant make it work. That is deception. You cant sell an advertised end, yet only after the sale tell people their chances of success are very low and they will have to spend more money and apply months if not years studying ... studying information other than what they already purchased from that source.

So that is where my problem lies. Deception is a very bad thing, not in a business sense ... because there will always be dreamers. I will always be angered by these people that sell dreams.

Again though, I do agree with what you are saying. If you have a legitimate product, like professional charts or a well-designed book or trading guide etc by all means sell it. I don't believe that you are defending these people that conduct business in the way described initially. I just am applying my thoughts. I just think what happens too often is that a person is expecting something new and innovative and ends up with 3 indicators saying "buy".
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #17
  • Jun 29, 2007 6:50am Jun 29, 2007 6:50am
Quoting StockKJay
Scott, first I want to say that I agree with the core of what you are saying. However, it is EXTREMELY COMMON in the trading business, as in other businesses, to sell complete junk to people. I laugh as I watch infomercials on Saturday morning as I am eating breakfast. The "systems" that will make people "$5k yesterday" and all the rest. These folks are selling something that they themselves do not use. The reason they do not use it is because they are selling a dream and a shortcut. Even if these people are successful at what they say they are ... it is through hard work. They sell a shortcut and then blame it on the individual trader when they cant make it work. That is deception. You cant sell an advertised end, yet only after the sale tell people their chances of success are very low and they will have to spend more money and apply months if not years studying ... studying information other than what they already purchased from that source.

So that is where my problem lies. Deception is a very bad thing, not in a business sense ... because there will always be dreamers. I will always be angered by these people that sell dreams.

Again though, I do agree with what you are saying. If you have a legitimate product, like professional charts or a well-designed book or trading guide etc by all means sell it. I don't believe that you are defending these people that conduct business in the way described initially. I just am applying my thoughts. I just think what happens too often is that a person is expecting something new and innovative and ends up with 3 indicators saying "buy".
Unfortunately I would have to agree with you having spent quite a bit of time and money on some of these trading "training" programs myself. It can be disappointing and frustrating. I feel that I was pretty much ripped off by some of the training programs that I purchased. I did get some benefit from some of the education I found but the truth is that none of them taught the methods I use which were just a result of a series of insights that came together over time. But because of that people become so skeptical that they assume all training is junk, all "trading mentors" are scam artists, etc. I think that some of the best training is not Forex specific since trading has been around for a long time but Forex as we know it is relatively a new thing. So people are often deceived by all the latest hot Forex training programs when what they really need is good solid training in trading that has nothing to do with Forex. A lot of old time traders who are successful (and financial markets all pretty much work the same) refer to things like the Edwards and Magee Technical Analysis text book and other time tested principles taught in the stocks,commodities and futures markets. I think that new Forex traders would get a lot more benefit from some of these $30 books than they would from most Forex training courses. But finding something that really works is like finding a needle in a hay stack so I guess I can relate to the skepticism that is so common among traders.
  • #18
  • Jun 24, 2010 12:37pm Jun 24, 2010 12:37pm
  •  jat50b
  • | Joined Aug 2007 | Status: Randy - New York or Chandigarh(IND) | 21 Posts
I have not commented in the Forex Factory forum since a long time. I am a student of Scott Shubert, but not defending him here.

The idea of nearly every Forex trader initially to make a thousand bucks today and a million the next and possibly billion the day after. Soon they want to take Bill Gates off the #1 spot.

The problem is however that all of us, usually educated people to masters and doctorate levels enter this trading business with the idea that we need extremely complex systems are required to be profitable in the market. I have a Masters in Engineering (Mechanical-Earth Movers) and have actually an extremely logical mind. I had to fight that to gulp what Scott said. In fact when I saw the original SAM (Shubert Accuracy Method) CDs I actually thought was this real (This is August, 2007). Then I sat thru them. They are REAL. In fact now the updated course of his “Yin Yang” would be incomplete without the initial course.

People also say that he is long-winded, well actually he repeats a lot because we are used to complexity and cannot grasp simple things anymore. We actually do complex tasks such as eating, digesting, walking, etc with relative ease, but our eyes don’t grasp the organic nature of the markets since we need actually EXACT entry and exits (most sold systems have that) to tell our risk averse mind that the decision to enter the market was correct.

Whilst the student #1 will enter a long in the GBPUSD at 1.5450, student #2 will enter an hour later at 1.5480, or maybe at 1.5400. The organic markets is aching to say I am going up, go long but also give breathing space to the trade. That breathing space is impractical to people, since they want to enter with 30% risk and make 300 pips the same day to double their account.

Scott uses everything that comes with the MT4. But like every chef he knows the exact blend of ingredients so the Forex pie always comes out yummy. Same freely available spices, just a touch is what makes the chef special so different.

The trading advice and methods he gives are real. He or anyone else has to put an entry price to the club else will be run over by the free feeding grazers.

Cheers and good luck trading.
  • #19
  • Jun 24, 2010 2:59pm Jun 24, 2010 2:59pm
You know before your thread winds into a thread with 100 different rubbish system suggestions and cluttered with useless charts full of crap indicators....If you enjoy trading that method, and it WORKED for you, and you feel confident with taking trades with that method again this coming week...Shall I give you some advice?

Stick to your trading, make some money, and spend as less time on this forum and trading system section as possible, and just focus on making money before you get sucked into the pitfall of switching systems one after another. Theres truely no end to it. Just stick to the mouteki method, trade it, make money with it, and forget about everybody elses trading method suggestions that will do nothing but take you on a wild goose chase.

God bless you, and may you make LOTs of money in your forex journey. All the best.
  • #20
  • Last Post: Mar 20, 2012 4:59am Mar 20, 2012 4:59am
Quoting JohnW
Scott Shubert sells his method at his website, tradingmastermind.com (or something like that) for $387. It assumes you know nothing about forex trading. It is a polished video course. That's the good news. The bad news is that Scott is incredibly long winded http://www.forexfactory.com/images/icons/icon11.gif and repeats himself ad nauseum in order to fill up the CD's. I did not purchase the whole course (thank God). I did buy off ebay his "accuracy method". It is long term trading (use 4HR and daily charts) with a few EMA's and Bollinger...
I don't know if he trades live or not but one thing I noticed is that in his guppy mma section he shows you trades that he would have taken according to his entry and exits bla bla. However he doesn't have price on his chart and he is using the ma's as his price when he is saying he would have profited. I like the idea of no price for visual but in the end it can skew your results for backtesting because we are trading price and not ma's.
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