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Joined Jul 2006
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Status: Future Indy
|304 Posts
look at the chart.. the news NFP made a new point to draw trend line, but i think it was False Trend Line.. we should use the previous and do not need to change our trend line, so we should have 2 trades last week....
Just want to commend you on such a nice thread with charts. A chart with comments is worth a thousand words. Glad to you have the time to help others. Do you strictly use Mouteki with what tkimble recommends to trade?
I had stopped using Mouteki awhile back, just not good if you follow Mouteki rules straight out of his thread, just too many failed trades, in my opinion. stevenali using tkimble's rules may have stumbled upon the better way to use Mouteki. Need something which is clean and simple, and not make trading overly complicated.
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Joined Jul 2006
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Status: Future Indy
|304 Posts
hi again,
i agree with you, last week is the worst for mouteki rule.. i have one trade lost in last week, and i decide to step away from the market and wait for the new year
yes i like mouteki, and above that.. i like pips!!
so now is 2007, i hope you all have great profit in 2007
and still learning from the good traders will improve ourself
I broke it down already... Just by respecting the basic rule of TL trading( the entry candle must break the previous candles High for Long trades, and the Low for Short trades), there were no trades.... This filter is in the filter thread: http://www.forexfactory.com/forexfor...ead.php?t=8660
I'll come back when I have time this weekend and get into it some more.
I had stopped using Mouteki awhile back, just not good if you follow Mouteki rules straight out of his thread, just too many failed trades, in my opinion.
Ignored
Well, Mouteki said there were other factors than what he posted... So, we really don't know what his set up is.
Just the use of the basic TD filter cleans up the system really well.
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Joined Sep 2006
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Status: ForexTrader
|153 Posts
Quoting et_phonehome_2
Disliked
I had stopped using Mouteki awhile back, just not good if you follow Mouteki rules straight out of his thread, just too many failed trades, in my opinion. stevenali using tkimble's rules may have stumbled upon the better way to use Mouteki. Need something which is clean and simple, and not make trading overly complicated.
Ignored
Yes, i do agree with u. Using mouteki will not always guarantee that u will reach the target price. We are blinded by the target price ( usually in a hundred of pips ) and also all of the rule. We need something which is simpler and making profit. Off course! what Stevenali has taught us is really good. At least for him coz he knows what he's doing. I learn something from stevenali ( thnks steve! u've given me knowledge ! ).
Anyway, have u guys ever tried using fibonacci retracement ( fib ret ). All u have to do is drawing a last week fib ret and use the fib ret for this week. And then put your time frame into Daily. Fib ret is a guidance for u to reach target price.. Better u save 5-10 pips / pairs. Stevenali use Fib ret too, right? I think this is the simplest way so far ( to me ). Coz i've been trading these 2 days and i were making profit ( no loss ). 10 pips per pairs and if u multiplied by how many pairs u are in, it's possible u can get 50 pips a day. Hows that?
Just follow what stevenali said bout "last week fib ret" and "adding level into your fib ret". Try trading with this. Back tested if needed. Once the price exceed the fib ret level, it will exceed! And see how lucky u will be.
remember : 10 pips is enough and 10 pips which is saved several times means a lot of pips huehehe.
USD/JPY Price Analysis: Bears have taken control, eye weekly 38.2% Fibo near 125.00 {image}
Ignored
How can you tell that a new member will either be moved to commercial, or just revoked? He digs out a 15 year-old thread, just to spam some random charts.
