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Mouteki Trading

  • #4,341
  • Aug 9, 2007 7:13am Aug 9, 2007 7:13am
Hi guys

Hmm , it looks like a good opportunity to go long , hopefully it won't break the trendline yet

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COT: The precious data ignored
  • #4,342
  • Aug 9, 2007 8:14am Aug 9, 2007 8:14am
EURJPY is going down around 300 pips Also EURUSD, USDJPY also going down USDCHF going up
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  • #4,343
  • Aug 9, 2007 10:41am Aug 9, 2007 10:41am
Quoting asen
EURJPY is going down around 300 pips Also EURUSD, USDJPY also going down USDCHF going up
Hi asen,
you'll have to use the highest point (price) between the 2 points for your projected target.
Keeping it Simple
  • #4,344
  • Edited 11:47am Aug 9, 2007 10:53am | Edited 11:47am
Hi Habeeb,

You stated before that you also look at smaller timeframes for price action for confirmation. Do you look for price action that occurs in your favor above the signal bar or anywhere after the break of the trendline? If so, would a DBLHC/DBHLC or BEOB/BUOB be sufficient for confirmation, or would you only look for a pinbar in the smaller timeframes? Your reply would be appreciated.

Stay healthy,

Kevin
  • #4,345
  • Aug 9, 2007 12:10pm Aug 9, 2007 12:10pm
Hi Habeeb

I,m New here and i use Demark Ind.
so


do you know what is the red arrow appeares under the candle?

and what is the correct candle i must enter?

should i wait till the price break the demand line and close below it to enter


What do you think at that chart Habeeb ?
whaat is the right price i must enter on ?


regard
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  • #4,346
  • Aug 9, 2007 12:33pm Aug 9, 2007 12:33pm
Quoting Kaysole
Hi Habeeb,

You stated before that you also look at smaller timeframes for price action for confirmation. Do you look for price action that occurs in your favor above the signal bar or anywhere after the break of the trendline? If so, would a DBLHC/DBHLC or BEOB/BUOB be sufficient for confirmation, or would you only look for a pinbar in the smaller timeframes? Your reply would be appreciated.

Stay healthy,

Kevin
Hi Kevin,
I usually look for price action when price retraces after the trendline has been broken. Yes, I use DBLHC/HLC and BeOB/BuOB too, for enties.
Keeping it Simple
  • #4,347
  • Aug 9, 2007 12:44pm Aug 9, 2007 12:44pm
Quoting hany mohssen
Hi Habeeb

I,m New here and i use Demark Ind.
so


do you know what is the red arrow appeares under the candle?

and what is the correct candle i must enter?

should i wait till the price break the demand line and close below it to enter


What do you think at that chart Habeeb ?
whaat is the right price i must enter on ?


regard
Hi hany,
I've not used this indicator before, but it seems that the red arrow pointing down, is signalling a short trade (sell). You enter with the new candle. Yes, I prefer price to break the trendline and close on the other side. As for the entry price ... well, that's up to you. According to my chart, price has formed a Pin Bar, so I'm going long.

Take Care
Habeeb
Attached Image
Keeping it Simple
  • #4,348
  • Aug 9, 2007 1:21pm Aug 9, 2007 1:21pm
Here's a trade that I took in cad/jpy.
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  • #4,349
  • Aug 9, 2007 1:25pm Aug 9, 2007 1:25pm
Quoting Kaysole
Here's a trade that I took in cad/jpy.
Where did you enter?
Keeping it Simple
  • #4,350
  • Aug 9, 2007 1:25pm Aug 9, 2007 1:25pm
Here's a closer look at it on a 1 hour timeframe. As you can see there was a DBHLC also, but unfortunately it didn't go my way. Habeeb, would you have taken this trade?
Attached Image
  • #4,351
  • Aug 9, 2007 2:35pm Aug 9, 2007 2:35pm
Quoting Kaysole
Here's a closer look at it on a 1 hour timeframe. As you can see there was a DBHLC also, but unfortunately it didn't go my way. Habeeb, would you have taken this trade?
What was your entry price?
Keeping it Simple
  • #4,352
  • Aug 9, 2007 7:40pm Aug 9, 2007 7:40pm
What is the DBHLC cos i donn relly know?

regards
  • #4,353
  • Aug 10, 2007 3:49am Aug 10, 2007 3:49am
Hi there


Is this a good trade ?

could any one know what is UTD,LTD on the left top of the chart?

Cheers
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  • #4,354
  • Aug 10, 2007 3:55am Aug 10, 2007 3:55am
USD/CHF
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  • #4,355
  • Aug 10, 2007 8:02am Aug 10, 2007 8:02am
Quoting hany mohssen
Hi there


Is this a good trade ?

could any one know what is UTD,LTD on the left top of the chart?

Cheers
UTD=Upper TomDemark or Upper Trend Line
LTD=Lower TomDeMark or Lower Trend Line

Is this a good trade ? -- As the price closed below the LTL and below the weekly resistance 1.4463 and 200MA 1.4454, IMO should be ok but EURCAD is so choppy this week better move your SL to BE ASAP.

Thx
DL
  • #4,356
  • Aug 10, 2007 9:27am Aug 10, 2007 9:27am
I think I am following this correctly. I set up a trade yesterday on th GBP/JPY. I went ahead and exited early to lock in the profit. Had a goal of 100+ pips for my first tade, and I exceeded that with a 155 pip gain.
NICE SYSTEM!
http://picnac.com/images/5566080907 play.JPG
  • #4,357
  • Aug 11, 2007 5:13am Aug 11, 2007 5:13am
Quoting hany mohssen
What is the DBHLC cos i donn relly know?

regards
Double Bar High Lower Close
You'll find more about it in the James16 Chart Thread
I think the first 15-20 pages has the basic setups explained.

Take Care
Habeeb
Keeping it Simple
  • #4,358
  • Aug 11, 2007 5:15am Aug 11, 2007 5:15am
Quoting jimbo61
I think I am following this correctly. I set up a trade yesterday on th GBP/JPY. I went ahead and exited early to lock in the profit. Had a goal of 100+ pips for my first tade, and I exceeded that with a 155 pip gain.
NICE SYSTEM!
Well done Jimbo61.
Keeping it Simple
  • #4,359
  • Aug 12, 2007 5:02am Aug 12, 2007 5:02am
Quoting habeeb
What was your entry price?
Sorry for the delay. I entered at 111.40

Stay healthy,

Kevin
  • #4,360
  • Aug 12, 2007 7:09am Aug 12, 2007 7:09am
where it is Mouteki?
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