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Mouteki Trading

  • #4,281
  • Jul 21, 2007 5:41am Jul 21, 2007 5:41am
Quoting dratef2
hi habeeb,
i'm trying to combine both mouteki and james16, it gave me some +ve results. so what do you think about it my friend?
atef
Hi Atef,
it's the best thing you could ever have done.
Keeping it Simple
  • #4,282
  • Aug 2, 2007 3:08am Aug 2, 2007 3:08am
Got a buy signal earlier. Projected target is roughly 650 pips. Bar after the signal bar formed a Pin Bar which hinted at you to get out if you were in a long position already.
Attached Image
Keeping it Simple
  • #4,283
  • Aug 2, 2007 3:11am Aug 2, 2007 3:11am
Nice entry point would've been from this 1hr Pin Bar, off the Daily Pivot, with a 38fibo confluence and the trendline it broke on the 4hr.
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Keeping it Simple
  • #4,284
  • Aug 2, 2007 3:17am Aug 2, 2007 3:17am
Long 4hr signal and 1hr entry, going with the direction indicated by the Daily Pin Bar. Only worry is the huge bearish bar of last week ... so the full projected target might not be reached. Targetting the 244 area for TP.
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Keeping it Simple
  • #4,285
  • Edited 7:20am Aug 2, 2007 3:25am | Edited 7:20am
With the new bar being formed, a new Mouteki line has come into play. If broken, the projected target is roughly 450 pips (246 area, taken from the trendline).
Attached Image
Keeping it Simple
  • #4,286
  • Aug 2, 2007 7:57am Aug 2, 2007 7:57am
Quoting habeeb
Long 4hr signal and 1hr entry, going with the direction indicated by the Daily Pin Bar. Only worry is the huge bearish bar of last week ... so the full projected target might not be reached. Targetting the 244 area for TP.
Swimming in the same boat, Habeeb already 80 pips in profit and trailing it with 20 pips stop.
Kind regards.
  • #4,287
  • Aug 2, 2007 8:31am Aug 2, 2007 8:31am
Quoting TheThing
Swimming in the same boat, Habeeb already 80 pips in profit and trailing it with 20 pips stop.
Kind regards.
hehehe ... after-all, we do come from the same school.
Took some profit close to the weekly pivot. Missed short entry by 11 pips on 1hr. Scalping with the dips.:
Keeping it Simple
  • #4,288
  • Aug 2, 2007 9:49am Aug 2, 2007 9:49am
Long signal on swissy.
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Keeping it Simple
  • #4,289
  • Aug 2, 2007 1:03pm Aug 2, 2007 1:03pm
Quoting habeeb
Long signal on swissy.
Entry on 1hr. Pin Bar off 50fibo and the trendline it broke on the 4hr. (Pin Bar not so perfect though). Target 1.2095.
Attached Image
Keeping it Simple
  • #4,290
  • Edited 1:44pm Aug 2, 2007 1:37pm | Edited 1:44pm
http://picnac.com/thumbs/259mouteki.JPG

Am I correct in analysis?

http://picnac.com/thumbs/2118mouteki1.JPG

MoutekiTrader please comment both of them. By the way, thanks for your great system... I have not yet gained pips with these but it seems that your system is really profitable-)
  • #4,291
  • Aug 2, 2007 4:32pm Aug 2, 2007 4:32pm
Quoting giogio15
Am I correct in analysis?
In you first chart, you used the wrong bar for your second point. Remember, you've got to start from the right to find your 2 points.
Can't view the second chart. To save charts in MT4, click on File>SaveAsPicture>select Active Chart>enter 600x600.
Keeping it Simple
  • #4,292
  • Aug 2, 2007 5:03pm Aug 2, 2007 5:03pm
Quoting habeeb
Entry on 1hr. Pin Bar off 50fibo and the trendline it broke on the 4hr. (Pin Bar not so perfect though). Target 1.2095.
Exit this trade for 0. Short signal just popped up. Market will probably be sideways until NFP. No trading for now. Might as well call it an early weekend.
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Keeping it Simple
  • #4,293
  • Aug 5, 2007 6:30am Aug 5, 2007 6:30am
Dear Habeeb,
May I ask for your opinion on this one?
There is a daily trendline break (EUR-JPY) and if to follow Mouteki technique we should enter at open of new candle formed above trendline. In this situation we have -80 pips and perhaps already stopped out. But with your little twist of this system it's better to wait for the price to bounced of the trendline and then set up your entry. Also I can see a PB formed, maybe not so perfect but still a PB for me
So if you were to consider this trade would you take it or not?

Kind regards,
TheThing
Attached Image
  • #4,294
  • Aug 5, 2007 4:23pm Aug 5, 2007 4:23pm
Quoting TheThing
Dear Habeeb,
May I ask for your opinion on this one?
There is a daily trendline break (EUR-JPY) and if to follow Mouteki technique we should enter at open of new candle formed above trendline. In this situation we have -80 pips and perhaps already stopped out. But with your little twist of this system it's better to wait for the price to bounced of the trendline and then set up your entry. Also I can see a PB formed, maybe not so perfect but still a PB for me
So if you were to consider this trade would you take it or not?

Kind regards,
TheThing
Hi The Thing,
From a Mouteki view, no, I wouldn't take it. At Point "1", I prefer to see both bars on either side, to be below the trendline.
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Keeping it Simple
  • #4,295
  • Aug 5, 2007 4:25pm Aug 5, 2007 4:25pm
On the 4hr, we did not get a clear signal, but price was riding the trendline, and gave us a BeOB off it, for a short trade.
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Keeping it Simple
  • #4,296
  • Aug 5, 2007 4:34pm Aug 5, 2007 4:34pm
On the weekly chart, we got a big break for a short signal, with a 500 pip projected target. I don't trust these big breaks... they usually don't have enough strength to keep going. We might get a charge at the 159.50 area.
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Keeping it Simple
  • #4,297
  • Aug 5, 2007 4:39pm Aug 5, 2007 4:39pm
Thank you Habeeb! You're always helpful
  • #4,298
  • Aug 6, 2007 11:39am Aug 6, 2007 11:39am
thank u habeeb for your explanations and your real help.
dr atef
  • #4,299
  • Aug 7, 2007 3:35am Aug 7, 2007 3:35am
Quoting TheThing
Thank you Habeeb! You're always helpful
Quoting dratef2
thank u habeeb for your explanations and your real help.
dr atef
It's my pleasure, guys.
Keeping it Simple
  • #4,300
  • Aug 7, 2007 3:41am Aug 7, 2007 3:41am
Short signal on cable. Signal bar also formed a BeOB. Target is roughly 200 pips. A few ways of entering this trade ...
1. enter on the break of the signal bar.
2. enter when the current bar openned.
3. enter on a retrace of the signal bar.
4. enter on the retest of the signal line that has been broken.
5. wait for price action on the lower timeframes to enter.
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Keeping it Simple
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