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Mouteki Updated. Check this out!!!

  • #61
  • Dec 5, 2006 12:23am Dec 5, 2006 12:23am
Quoting leo2006
I only attach the recent chart. It's just an example bout how i draw my line. Let's say it's just an experiment. Pls don't be confused with i've just drawn. The point is, i hope u can draw your own trend line. Do not stick into my trend line as if it should be like that and if u dont do the same, u're doin wrong.. No... I want u to be creative and make your own decision..

I dont have msn but i have yahoo messenger. Here is my yahoo id : [email protected]
I guess u can invite me when u chat.. Or u can tell me your msn id. I'll invite u...

Leo
ive already aded u to my msn list i shud be online in ur list.. wheenver u see me online please msg me.. i have some things to confrim.. thanx for assiting me..
BECAUSE I CAN !
  • #62
  • Dec 5, 2006 10:40am Dec 5, 2006 10:40am
Hi Leo, there are some TD articles out there (and i've seen some posted here at FF, a search should be profitable?). My primary source of info is the before mentioned book i purchased through amazon "The New Science of Technical Analysis" by TD. A worth while read and reference.

: ) Thom
  • #63
  • Dec 6, 2006 7:07pm Dec 6, 2006 7:07pm
Quoting accrete
Hi Leo, there are some TD articles out there (and i've seen some posted here at FF, a search should be profitable?). My primary source of info is the before mentioned book i purchased through amazon "The New Science of Technical Analysis" by TD. A worth while read and reference.

: ) Thom
Thnks Thom, i think i'm gonna search for it
Btw, have u guys seen this doc. I got it from Stevenali and he got it from OrangeRoshan. It's really worthy. So, pls have a read...


Leo
Attached File(s)
File Type: doc OrangeRoshan SRDC method.doc   114 KB | 1,052 downloads
Forex has never been this SO exciteD !!
  • #64
  • Dec 6, 2006 8:26pm Dec 6, 2006 8:26pm
Nice one leo2006 would it be possible if you could check me in this one re the Mouteki target of GBPUSD on the downside:

pt1-1.9301 (lo 11/27)
pt3-1.9610 (lo 12/06)
pt2-1.9852 (hi 12/01 pinbar)

1.9852
- 1.9488 (intersection line bet vertical line of pt2 & horizontal line pt1&3)
________
364 pips target to the downside if and only if the market closes below the pt3 (1.9610), from there we deduct the 364 to get the price target M I right? Any comment will be highly appreciated tnx & more power to FF!
  • #65
  • Dec 7, 2006 6:14am Dec 7, 2006 6:14am
Quoting Trader Valsky
Nice one leo2006 would it be possible if you could check me in this one re the Mouteki target of GBPUSD on the downside:

pt1-1.9301 (lo 11/27)
pt3-1.9610 (lo 12/06)
pt2-1.9852 (hi 12/01 pinbar)

1.9852
- 1.9488 (intersection line bet vertical line of pt2 & horizontal line pt1&3)
________
364 pips target to the downside if and only if the market closes below the pt3 (1.9610), from there we deduct the 364 to get the price target M I right? Any comment will be highly appreciated tnx & more power to FF!
Hi Trader Valsky...
Nice trend line you have there Don't forget to put your stop loss because u play with volatile pairs.. I try to draw your trade in Metatrader.. We have slightly differrential in numbers but it is not a big deal..

Happy trading,


Leo
Attached Image
Forex has never been this SO exciteD !!
  • #66
  • Dec 7, 2006 8:03pm Dec 7, 2006 8:03pm
Tnx a lot you've got it right once again leo2006 got 30 pips from your demand line 1.9654!:-)
  • #67
  • Dec 7, 2006 10:43pm Dec 7, 2006 10:43pm
Quoting Trader Valsky
Tnx a lot you've got it right once again leo2006 got 30 pips from your demand line 1.9654!:-)
U're welcome...
Recently i realize that this method works best on trending market. It doesn't work with unstable chart. I am observing a new method ( still using Mouteki principal ) and i hope i can find new method from that. Pls be careful trading with this updated version... remember to put your stop loss, OK..
This time, i'd like to use one or two indicators as my guideline to draw mouteki line. I will inform u, guys later...

Leo
Forex has never been this SO exciteD !!
  • #68
  • Dec 13, 2006 6:24am Dec 13, 2006 6:24am
leo first i want to tank you for posting your update for mouteki.

leo can you explain please in the picture above you drow a demand line i dont understand how can it be a demand line i drow what i think is a demand line i white
when you drow the resistence line(it dosent mean supply)?

thanks moshe
Attached Image
  • #69
  • Jan 11, 2007 10:45am Jan 11, 2007 10:45am
Hi mouteki traders,

I am really sorry that i can not post any longer. I think my updated version of mouteki can not be applied always and bring u profit. It only works on trending market. Based on my experience, it just made me groan .
Still, we need a simpler method. I left mouteki for a while. It's still a good method to me.
Recently, i put myself into a day trade. I use a simple 1day chart and weekly fibonacci retracement. Somehow it brings me profit recently. My aim is trade virtually 1st and learn the forex document then if this works, i'll go Live trading. I'll try to explain bout this method later on. It's much simpler!

Thnks for all of the participation... happy trading!


Leo
Forex has never been this SO exciteD !!
  • #70
  • Jan 11, 2007 12:36pm Jan 11, 2007 12:36pm
Sorry to hear of your decision. In my experience since using this method when it came out, I have been quite successful. The projections aren't always hit, but it works. Last nite it yielded 153 pips on the EUR/JPY, for example.

By the way, what methods work when there is no trend???? Hmmm.

The filters I use are simple. Always trade with the daily trend (weekly too, optimally). Use the "Part Time Trading" method of TKimble (on the Forum) where the 30 min chart and 2 50 SMAs and a 45 RSI are used. Then go down to the 5 min. On the 5 min look for a 40, or so, pip positive move. If you see the 5 min retracing I like to let it go to 50-76.4% then when it gets inside the 23.6-38.2% I take a position in the direction of the trade.

It may sound a little complicated, but I am just moving down to smaller time frames for confirmation.

This strategy makes up 90% of my trading and I am very pleased with it.

Best wishes.

-
Quoting leo2006
Hi mouteki traders,

I am really sorry that i can not post any longer. I think my updated version of mouteki can not be applied always and bring u profit. It only works on trending market. Based on my experience, it just made me groan .
Still, we need a simpler method. I left mouteki for a while. It's still a good method to me.
Recently, i put myself into a day trade. I use a simple 1day chart and weekly fibonacci retracement. Somehow it brings me profit recently. My aim is trade virtually 1st and learn the forex document then if this works, i'll go Live trading. I'll try to explain bout this method later on. It's much simpler!

Thnks for all of the participation... happy trading!


Leo
"Loss and failure are inevitable but misery is optional"
  • #71
  • Jan 12, 2007 12:23am Jan 12, 2007 12:23am
If anyone is interested, I have about 11 vids on constructing and using TD lines.

Let me know.
  • #72
  • Jan 12, 2007 2:39am Jan 12, 2007 2:39am
I'm interested in reading the book from Tom DeMark - The New Science of Technical Analysis.

Tried seraching for it over the internet but no luck. Anyone mind to share on this on e-book format?

Thanks in advance.

VyNNeR
  • #73
  • Jan 12, 2007 7:09am Jan 12, 2007 7:09am
Quoting dieselpower
If anyone is interested, I have about 11 vids on constructing and using TD lines.

Let me know.
I would LOVE to see those please.
Steve
  • #74
  • Jan 12, 2007 1:36pm Jan 12, 2007 1:36pm
Quoting dieselpower
If anyone is interested, I have about 11 vids on constructing and using TD lines.

Let me know.

im interested too. Please PM me =) Thank you and I really appreciate it.
  • #75
  • Jan 14, 2007 8:20am Jan 14, 2007 8:20am
Quoting dieselpower
If anyone is interested, I have about 11 vids on constructing and using TD lines.

Let me know.
It's very nice of you I'll contact u. I still have a lot of papers to read..

Happy trading!!

Leo
Forex has never been this SO exciteD !!
  • #76
  • Jan 14, 2007 9:21am Jan 14, 2007 9:21am
Quoting mb10
leo first i want to tank you for posting your update for mouteki.

leo can you explain please in the picture above you drow a demand line i dont understand how can it be a demand line i drow what i think is a demand line i white
when you drow the resistence line(it dosent mean supply)?

thanks moshe
Hi moshe.. I am really sorry for replying you so late. Let me answer your question. The chart i showed you is actually a HEad and Shoulder pattern. It consists of 3 peaks and among these 3 peaks, the one in the middle is the highest/lowest. And the Trend line will be the NECK.
When the price penetrates the NEck line, it would be a BUY or SELL signal.
On the example i give u now, u see that price actually penetrates the neck and u can open SELL. The horizontal line is The TRIPPLE TOP ( with x sign ). It is a signal for TREND REVERSAL.
Actually it is not A mouteki line The price projection is BEST achieved by FIBONACCI Retracement. I'll show in the next pic.
Attached Image
Forex has never been this SO exciteD !!
  • #77
  • Jan 14, 2007 9:29am Jan 14, 2007 9:29am
For the Price projection, we use the ultimate tool called Fibonacci Retracement. U should close at the level of 76.4%.
Attached Image
Forex has never been this SO exciteD !!
  • #78
  • Jan 15, 2007 12:56am Jan 15, 2007 12:56am
Quoting leo2006
For the Price projection, we use the ultimate tool called Fibonacci Retracement. U should close at the level of 76.4%.
thank you leo for your help,
it help me understand more about forex.
  • #79
  • Jan 15, 2007 5:49am Jan 15, 2007 5:49am
Quoting mb10
thank you leo for your help,
it help me understand more about forex.
U're welcome!


Leo
Forex has never been this SO exciteD !!
  • #80
  • Jan 15, 2007 6:34am Jan 15, 2007 6:34am
Will you post more pics to give a idea and possible for us to demo them when you see that going on?
Quoting leo2006
Hi moshe.. I am really sorry for replying you so late. Let me answer your question. The chart i showed you is actually a HEad and Shoulder pattern. It consists of 3 peaks and among these 3 peaks, the one in the middle is the highest/lowest. And the Trend line will be the NECK.
When the price penetrates the NEck line, it would be a BUY or SELL signal.
On the example i give u now, u see that price actually penetrates the neck and u can open SELL. The horizontal line is The TRIPPLE TOP ( with x sign ). It is a signal for TREND REVERSAL.
Actually it is not A mouteki line The price projection is BEST achieved by FIBONACCI Retracement. I'll show in the next pic.
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