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  • #61
  • Nov 27, 2006 10:06am Nov 27, 2006 10:06am
Quoting jayzee
Too near to consider to create a trendline.
Mouteki had present good example in his tutorial on how setup should be like
http://www.forexfactory.com/forexfor...ead.php?t=8464

Take a moment and compare with this gbp setup. You will see that the current setup is just too near to each other to be consider as trendline.
Ive read thro that quite a few times but i dont recall there being any set rule as to how far the points should be...is there a set rule?

sorry if im missing something.
Thanks
M$M
  • #62
  • Nov 27, 2006 10:16am Nov 27, 2006 10:16am
Million$Man, can you post your chart and give a short explanation on why you think you should do a "short"?
  • #63
  • Nov 27, 2006 10:22am Nov 27, 2006 10:22am
Quoting jayzee
Million$Man, can you post your chart and give a short explanation on why you think you should do a "short"?
I didnt say that one should do a short....
i was clarifying on where point 2 could be for a trendline.
if you read my initial post @ 9.38 i was asking the stevenali how he had managed to draw his trenline and which points he was using.
It was then you said there was no point 2.
i asked why?
You obviusly know more about Mouteki than me so i wastn argue but hoping for a helpful response.
It seems thats was asking too much.Thanks anyway
M$M
  • #64
  • Nov 27, 2006 10:52am Nov 27, 2006 10:52am
Point 2 had yet to be form.

So, i am saying there is no visible trendline.
  • #65
  • Nov 27, 2006 11:12am Nov 27, 2006 11:12am
Quoting jayzee
Point 2 had yet to be form.

So, i am saying there is no visible trendline.
Just to clarify..would this not be a tendline?

sorry im trying to upload a chart but cant...
hope it works

M$M
Attached File(s)
File Type: doc Doc14.doc   88 KB | 406 downloads
  • #66
  • Nov 27, 2006 5:19pm Nov 27, 2006 5:19pm
well.... we should not have any open trade yesterday.. the last one was my mistake...

i'm using FRACTAL to help me draw the line, because this indicator show us the candle point where we can draw the trend line

so.. here it is..
Attached Image
Simplicity your Life
  • #67
  • Nov 27, 2006 5:31pm Nov 27, 2006 5:31pm
anybody has TOM DEMARK E BOOK? i hear we can make mouteki more profitable by learning this book....

come on guys.... i feel lonely here...
Simplicity your Life
  • #68
  • Nov 27, 2006 6:11pm Nov 27, 2006 6:11pm
well, don't be to stress
take fun with our trade
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Simplicity your Life
  • #69
  • Nov 28, 2006 4:03am Nov 28, 2006 4:03am
Quoting stevenali
well, don't be to stress
take fun with our trade
is this line drawn correcvtly and would this have been a sell signal?
M$M
Attached File(s)
File Type: doc Doc4.doc   77 KB | 377 downloads
  • #70
  • Nov 28, 2006 10:41am Nov 28, 2006 10:41am
Hi all... special hi for stevenali who has tried to give a brief explanation here. Actually, i still confused about how to set the fib ret. The things such as the stoch and macd are only making me confused.
I think someone has explained before about how mouteki and pin bar would work nicely if you know how to apply them.
I have been trading since last week using this technique and you know what, it has made me said "wew!". It has given me profit till now and i am sure it will reach the target price.
Herewith i attach my last position and i am still waiting till it reaches the TP.
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Forex has never been this SO exciteD !!
  • #71
  • Nov 28, 2006 10:51am Nov 28, 2006 10:51am
hey there... i just wanna give a lil' proof here. The mouteki-pin bar really took place with the last aud.usd. Actually i had already closed the position. Please take a look. Look at the pin bar and how the mouteki line was drawn perfectly.

Along with time, i finally realized that forex needs :
1. Patience
2. Money management - important to put stop loss and play only 10% of your money. Though i often get greedy LoL.
3. Trade only when you are in a good mood.

Again, i m just a newbies who wants to cheer up this thread hehe

Leo
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Forex has never been this SO exciteD !!
  • #72
  • Nov 28, 2006 10:57am Nov 28, 2006 10:57am
Ok.. it's me again.. Hope you guys dont get bored hehe!
remember the last Aud.usd? This time i have tried to update the mouteki line because there was a new pin bar appearing. This time target price is 0.7837

Let's see if it really hit the price...
Attached Image
Forex has never been this SO exciteD !!
  • #73
  • Nov 28, 2006 11:34am Nov 28, 2006 11:34am
Quoting leo2006
Ok.. it's me again.. Hope you guys dont get bored hehe!
remember the last Aud.usd? This time i have tried to update the mouteki line because there was a new pin bar appearing. This time target price is 0.7837

Let's see if it really hit the price...
can u explain the "pin bar" a bit more please

M$M
  • #74
  • Nov 29, 2006 9:36am Nov 29, 2006 9:36am
Quoting Million$Man
can u explain the "pin bar" a bit more please

M$M
Hey, i want u to know that the AUD.USD did really reached the TP. I've saved the profit hehe..
The Pin bar, is like what mouteki has explained to us.
"True points of support are only those which low has two candles to the left of it and two candles to the right of it which lows do not exceed the low you are using" and "True points of resistance are only those which high has two candles to the left of it and two candles to the right of it which highs do not exceed the high you are using as your point of resistance. "

Actually, the name Pin Bar ( Pinochio bar ), is derived from James16 thread. I am sure that u have already read all of his posts. I only adapt the term to Mouteki method, to make it simpler to understand.
I am trying to use this method as simple as i can. Which means, i dont use a bunch of indicators and Lines and etc. These simbols are only making us nuts hehe.... and Like Stevenali said, we dont have to stand in front of the computer all the time. We only set the TP and the stop loss and let the market flows. It usually takes days before you making profit...
Hope this would satisfy you..


Leo
Forex has never been this SO exciteD !!
  • #75
  • Nov 29, 2006 9:43am Nov 29, 2006 9:43am
Again, when i looked at the chart, i was amazed and automatically said "Oh my God! I miss that trade!!!" LoL. Herewith the USD.CAD recent chart. It did made the Price projection... 1.1379 ! Watch carefully where i draw the trend line and where the pin bars are. These pin bars should be always updated.



Leo
Attached Image
Forex has never been this SO exciteD !!
  • #76
  • Nov 29, 2006 9:50am Nov 29, 2006 9:50am
Quoting leo2006
Hey, i want u to know that the AUD.USD did really reached the TP. I've saved the profit hehe..
The Pin bar, is like what mouteki has explained to us.
"True points of support are only those which low has two candles to the left of it and two candles to the right of it which lows do not exceed the low you are using" and "True points of resistance are only those which high has two candles to the left of it and two candles to the right of it which highs do not exceed the high you are using as your point of resistance. "

Actually, the name Pin Bar ( Pinochio bar ), is derived from James16 thread. I am sure that u have already read all of his posts. I only adapt the term to Mouteki method, to make it simpler to understand.
I am trying to use this method as simple as i can. Which means, i dont use a bunch of indicators and Lines and etc. These simbols are only making us nuts hehe.... and Like Stevenali said, we dont have to stand in front of the computer all the time. We only set the TP and the stop loss and let the market flows. It usually takes days before you making profit...
Hope this would satisfy you..


Leo
leo..much appreciated, i had read that on the Mout material, but not managed to get thro the whole James thread.
You're right theres too much to give u headache here. keep it simple!
Hve you been trading the Mout method long. If so how have you done?
Do you use the SL & the TP as mentioned in the manual?
thnks in advance M$M
  • #77
  • Nov 29, 2006 9:58am Nov 29, 2006 9:58am
Here is the latest aud.usd.
I am hoping it will go up and reach the PP 0.7929. Well, let's see.
I put open buy 0.7844, PP 0.7929 and stop loss would be 50 pips. In this case, i only trade $1.
If PP achieved, i would get 85 pips. ANd if i loose, i will loose 50 pips.
Forex is just a game. And i think we should enjoy it!
If we loose much this time, just consider that you actually have paid for yourself to be a succesful forex trader. hehehe...

Keep positif thinking and keep on believing. Coz that's what i do now... :


Leo
Attached Image
Forex has never been this SO exciteD !!
  • #78
  • Nov 29, 2006 10:03am Nov 29, 2006 10:03am
Quoting leo2006
Here is the latest aud.usd.
I am hoping it will go up and reach the PP 0.7929. Well, let's see.
I put open buy 0.7844, PP 0.7929 and stop loss would be 50 pips. In this case, i only trade $1.
If PP achieved, i would get 85 pips. ANd if i loose, i will loose 50 pips.
Forex is just a game. And i think we should enjoy it!
If we loose much this time, just consider that you actually have paid for yourself to be a succesful forex trader. hehehe...

Keep positif thinking and keep on believing. Coz that's what i do now... :


Leo
Leo..is that red line the Mouteki line??
M$M
  • #79
  • Nov 29, 2006 10:14am Nov 29, 2006 10:14am
Quoting Million$Man
Leo..is that red line the Mouteki line??
M$M
Yes. It is a mouteki line. You know what? i was laughing ( annoying myself hehe ) when i looked back at the line i drawed U see, mouteki can be drawn anywhere. U can stretch it as long as you want.
The points are :
1. U know where the pin bars are.
2. U know that the trend line is correctly drawn.

Use your feeling. And you will learn by time and experience....


Leo
Forex has never been this SO exciteD !!
  • #80
  • Nov 29, 2006 10:21am Nov 29, 2006 10:21am
Quoting leo2006
Yes. It is a mouteki line. You know what? i was laughing ( annoying myself hehe ) when i looked back at the line i drawed U see, mouteki can be drawn anywhere. U can stretch it as long as you want.
The points are :
1. U know where the pin bars are.
2. U know that the trend line is correctly drawn.

Use your feeling. And you will learn by time and experience....


Leo
Leo...you've confused me now
i thought one useds the first two points of support/resistance?
ie. candle with 2 candles to either side blah blah blah!
so can the two points be anywhere?
sorry to be a real pain in the **** mate
M$M
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