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Mouteki Trading

  • #4,301
  • Aug 7, 2007 5:17am Aug 7, 2007 5:17am
HI everyone

And congrats Habeeb for your precious help in here , it's really appreciate mate

I wanted you to tell me if the trendline i've drawn on the EUR/JPY is ok referring to Mouteki technique

look :

Attached Image



Thank you

SEB
COT: The precious data ignored
  • #4,302
  • Aug 7, 2007 5:31am Aug 7, 2007 5:31am
HI Habeeb!

I am very curious what is that fibo indicator you've got with FE infront of a number?I've seen it somwhere before but just can't figure it out. What does FE stands for?

And thank you for your great posts,your contribution to this forum and especialy to the PF realy is very helpfull.
Thank you

HC
  • #4,303
  • Aug 7, 2007 5:50am Aug 7, 2007 5:50am
Quoting happy camper
HI Habeeb!

I am very curious what is that fibo indicator you've got with FE infront of a number?I've seen it somwhere before but just can't figure it out. What does FE stands for?

And thank you for your great posts,your contribution to this forum and especialy to the PF realy is very helpfull.
Thank you

HC
I'm sure your platform has these, they're pretty standard on most FX charting packages
  • #4,304
  • Aug 7, 2007 5:54am Aug 7, 2007 5:54am
Quoting happy camper
HI Habeeb!

I am very curious what is that fibo indicator you've got with FE infront of a number?I've seen it somwhere before but just can't figure it out. What does FE stands for?

And thank you for your great posts,your contribution to this forum and especialy to the PF realy is very helpfull.
Thank you

HC
Hi HC,
That's the Fibonacci Expansion (FE) I'm using. My MT4 didn't have the 50% retracement line, so I manually put it in.

Take Care
Habeeb
Keeping it Simple
  • #4,305
  • Aug 7, 2007 6:10am Aug 7, 2007 6:10am
Quoting kuroro001
HI everyone

And congrats Habeeb for your precious help in here , it's really appreciate mate

I wanted you to tell me if the trendline i've drawn on the EUR/JPY is ok referring to Mouteki technique

look :
SEB
Thank you
Hi SEB,
According to Mouteki technique, you should've joined points 1 and 2 that's in red. Your entry was perfect, but keep in mind that the signal bar has not been broken yet. I've inserted the new trendline on your chart, as 2 new points have presented itself.
Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy.JPG Size: 56 KB
Keeping it Simple
  • #4,306
  • Aug 7, 2007 7:19am Aug 7, 2007 7:19am
Quoting habeeb
Thank you
Hi SEB,
According to Mouteki technique, you should've joined points 1 and 2 that's in red. Your entry was perfect, but keep in mind that the signal bar has not been broken yet. I've inserted the new trendline on your chart, as 2 new points have presented itself.
What do you mean by the signal bar has not been broken yet ?

SEB
COT: The precious data ignored
  • #4,307
  • Aug 7, 2007 8:20am Aug 7, 2007 8:20am
Hi Habeeb what you think about this EURUSD?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 29 KB
  • #4,308
  • Aug 7, 2007 4:17pm Aug 7, 2007 4:17pm
Quoting kuroro001
What do you mean by the signal bar has not been broken yet ?

SEB
It's the bar that closes on the other side of the trendline. In the chart above, the signal bar indicated a trade to go long. So, in this case, we want the next bar to break the high of the signal bar (price has to go higher than the signal bar).
Keeping it Simple
  • #4,309
  • Aug 7, 2007 4:22pm Aug 7, 2007 4:22pm
Quoting habeeb
It's the bar that closes on the other side of the trendline. In the chart above, the signal bar indicated a trade to go long. So, in this case, we want the next bar to break the high of the signal bar (price has to go higher than the signal bar).

Ah i see , thank you very much
COT: The precious data ignored
  • #4,310
  • Aug 7, 2007 4:23pm Aug 7, 2007 4:23pm
Quoting asen
Hi Habeeb what you think about this EURUSD?
Hi asen,
sorry for the late reply ... just got in.
I would've skipped this one, as the "signal bar" openned on the other side of the trendline. I know it's in accordance with the way Mouteki presented it, but I prefer the signal bar to "open inside" and "close outside".

Take Care
Habeeb
Keeping it Simple
  • #4,311
  • Aug 7, 2007 4:27pm Aug 7, 2007 4:27pm
Looks like we could get a signal soon on GJ.
Attached Image
Keeping it Simple
  • #4,312
  • Aug 7, 2007 4:29pm Aug 7, 2007 4:29pm
I've gone short from this 1hr pin. Only time will tell if I got the jump on the signal.:
Attached Image
Keeping it Simple
  • #4,313
  • Aug 7, 2007 7:15pm Aug 7, 2007 7:15pm
Wow, that really took some guts. Went up and bounced right off your supply line at 240.85. Cool. Down to 240.31 now.

habeeb, did you have anything else indicating a short entry or was it just the pin?
  • #4,314
  • Aug 7, 2007 8:02pm Aug 7, 2007 8:02pm
Hi Habeeb,

Did you realize that different broker have different server time to made a 4 hour bar? I mean Interbank use GMT +1 but North FInance is GMT +3 so the open, high, low, and close of the bar is different. See my GJ image. Maybe that's why you want to see a open inside and close outside of trendline. What you think?
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 12 KB
  • #4,315
  • Aug 8, 2007 1:28am Aug 8, 2007 1:28am
239.81!

Congrats habeeb. Hope you set a TP!
  • #4,316
  • Aug 8, 2007 3:17am Aug 8, 2007 3:17am
Hi guys,

What do you think at that chart Habeeb :

Attached Image


IF the last bar closes above the bar that broke the trendline , it sounds a good opportunity to go long it seems
The thing would be to buy at the retracement on the trendline or on the 5sma
Let me know your guess

Thank you
COT: The precious data ignored
  • #4,317
  • Aug 8, 2007 3:20am Aug 8, 2007 3:20am
anyone take the gbp/jpy close above tl + BUOB?
Attached Image
  • #4,318
  • Aug 8, 2007 3:30am Aug 8, 2007 3:30am
Quoting mbqb11
anyone take the gbp/jpy close above tl + BUOB?
Maybe you should wait for a confirmation , which means wait for a close above the bar that broke the trendline
Then wait a retracement or something cause it always happens before a rally

Btw what is BUOB ?

Thanks
COT: The precious data ignored
  • #4,319
  • Aug 8, 2007 3:32am Aug 8, 2007 3:32am
Quoting kuroro001
Maybe you should wait for a confirmation , which means wait for a close above the bar that broke the trendline
Then wait a retracement or something cause it always happens before a rally

Btw what is BUOB ?

Thanks
yeah my reason for entry was because the BUOB broke.

A BUOB is A bullish Outside Bar as taught by James16, so since we were sitting right on the TL with the BUOB i used that for my confirmation. I only put a small position on as I haven't traded mouteki in a long time but have revisited it in the last few weeks to incorporate with PA

Just the new guy over here

take care,
Mike
  • #4,320
  • Aug 8, 2007 3:35am Aug 8, 2007 3:35am
Quoting mbqb11
yeah my reason for entry was because the BUOB broke.

A BUOB is A bearish Outside Bar as taught by James16, so since we were sitting right on the TL with the BUOB i used that for my confirmation. I only put a small position on as I haven't traded mouteki in a long time but have revisited it in the last few weeks to incorporate with PA

Just the new guy over here

take care,
Mike
Bullish Outside Bar??
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