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Mouteki Updated. Check this out!!!

  • #81
  • Jan 15, 2007 8:57am Jan 15, 2007 8:57am
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.

leo.... may i know how did you draw the neck?
  • #82
  • Jan 16, 2007 8:06am Jan 16, 2007 8:06am
Quoting turn1to100
Will you post more pics to give a idea and possible for us to demo them when you see that going on?
Ok.. I'll try to give an example. This time it is GBP/JPY. I am using Fibonacci Projection. This Fibonacci numbers are SUPERBE, i'm telling u. It's one of the most powerful weapons the pro traders use. By these numbers, you can know where the price could go.
Fibonacci can be drawn on any Time frame. The way you put it depends on how you read the chart patterns.
Now look at the Chart. Notice for the big move :

1. Uptrend become downtrend : indicated by Shooting star.
2. Big trend reversal : supported by Tripple bottom.
3. Draw a Fib Ret. In the example i gave u, the number '100' is on the Shooting Star and the number '0' is on the bottom. This way you can know the price projection. The the price goes up again. When it has over reached the number '76.4', it usually will continue going up to '100', '127.2' or even '161.8'. So put the Target Price on these Level.
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  • #83
  • Jan 16, 2007 9:11am Jan 16, 2007 9:11am
Hey, i am sorry.. This is the complete chart. It shows where the Tripple Bottoms are.

LEo
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  • #84
  • Jan 16, 2007 9:20am Jan 16, 2007 9:20am
Quoting wan_grunge
leo.... may i know how did you draw the neck?
For you to know, The HEad and Shoulder Pattern can be Reverse too. It means the Head and shoulders could be under the neck. From the picture, The Neck is drawn right under the 3 Peaks. No two point to connect the line. Just simply draw it under the 3 peaks so it will look like Head and Shoulders.


Leo
Forex has never been this SO exciteD !!
  • #85
  • Jan 18, 2007 12:41am Jan 18, 2007 12:41am
hai all...

I'd like to share my newest trade using Fibonacci. I took chart USD/jpy weekly and there are several signs which indicates trend continuation. The second Bullish engulfing pattern hopefully can direct the price to hit level 127.2 of fib ret.


Happy trading!!

Leo
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  • #86
  • Edited 2:21am Jan 18, 2007 1:11am | Edited 2:21am
Whoop whoop!

Again fibonacci retracement succeed made its reach to 161.8 of fib ret. All u have to do is notice where the Bearish Engulfing and Bullish Engulfing Patterns are. Switch to any time frame. Especially Daily 4hour or even Weekly.

Leo
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  • #87
  • Jan 18, 2007 1:24am Jan 18, 2007 1:24am
Check this Gbp.USD daily.
Notice that the Fib Ret plays wonderfully

LEo
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  • #88
  • Jan 18, 2007 1:31am Jan 18, 2007 1:31am
Quoting leo2006
hai all...

I'd like to share my newest trade using Fibonacci. I took chart USD/jpy weekly and there are several signs which indicates trend continuation. The second Bullish engulfing pattern hopefully can direct the price to hit level 127.2 of fib ret.


Happy trading!!

Leo
Awesome! The target is reached perfectly!!


Leo
Forex has never been this SO exciteD !!
  • #89
  • Jan 18, 2007 1:58am Jan 18, 2007 1:58am
I am so excited with the FIB ret. These numbers Rocks!! Hehe...
Now take a look at Eur/USD weekly. You see there a Double Top which indicates a strong trend reversal. Would it touch the 61.8% of fib ret??


Leo
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  • #90
  • Jan 18, 2007 2:18am Jan 18, 2007 2:18am
Quoting leo2006
Check this Gbp.USD daily.
Notice that the Fib Ret plays wonderfully

LEo
Ok. Level 100 % of fib ret is achieved. Next stop is 127.2% of fib ret. The up trend is supported by bullish engulfing pattern.


Leo
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  • #91
  • Jan 18, 2007 2:51am Jan 18, 2007 2:51am
Leo,

It's wonderful charts and finding you have there. I've read one article, one Japanese guy who only trade Bearish/Bullish engulfing or (inside/ouside Bar)
that turn him into a millionaire within a year.

I admire the way you spot the bearish/bullish engulfing. But how to set your entry and exit....

If we can do this properly, I think we will be a millionaire soon. I'm getting tired of to many method here and there...

I just want to concerntrate on something simple.....

Good Luck and Happy Trading

There a saying: "Many people don't like simple things because they don't to be called simple minded. But many sucessful people gain their sucess
by simplify things.....(funny isn't it).

I really look forward for continuous effort....Tq.
Shah For every action there is an equal and opposite reaction.....
  • #92
  • Jan 18, 2007 8:57am Jan 18, 2007 8:57am
Quoting Panjan
Leo,

It's wonderful charts and finding you have there. I've read one article, one Japanese guy who only trade Bearish/Bullish engulfing or (inside/ouside Bar)
that turn him into a millionaire within a year.

I admire the way you spot the bearish/bullish engulfing. But how to set your entry and exit....

If we can do this properly, I think we will be a millionaire soon. I'm getting tired of to many method here and there...

I just want to concerntrate on something simple.....

Good Luck and Happy Trading

There a saying: "Many people don't like simple things because they don't to be called simple minded. But many sucessful people gain their sucess
by simplify things.....(funny isn't it).

I really look forward for continuous effort....Tq.
Thanks for your response. Like you, i just wanna concentrate on simple things I am also tired of trying any method. So why dont we stick on one simple method and put it on test. So far, the candle stick pattern are fabolous. Plus the Fib ret, it is superbe. Though we have to be prepare to loose money. Even professional traders still have profit loss
To answer your question, to put my entry i usually wait for the Bearish or bullish engulfing pattern finishes their form ( when the two Bars already appears ). Then i put my entry. For the Stop loss, i usually put it based on the resistance or support line. For example, i will give u an example.
Higher time frame needs Wider range of Stop Loss. From the USD/JPY u can see there is a support line which is built from 2 similiar bottoms. U may set the stop loss 5-10 pips under the resistance line.
The entry points is at Number 1 and the exit will be at 2 ( at 161.8 fib ret ).


Leo
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  • #93
  • Jan 18, 2007 9:19am Jan 18, 2007 9:19am
Following is GBp/USD 1hr chart. I have opened Long for this trade. And so far it has given me profit. Watch out for its volatility. Notice any trend reversal signal!
The stoch 8,3,3 gives strength to the Uptrend. COz it crossed up !



Leo
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  • #94
  • Jan 18, 2007 7:31pm Jan 18, 2007 7:31pm
Hi all,

Maybe i get too excited but Forex really never been like this before. Since i knew a bit about the secret behind the Candle Stick Pattern hehe.. I'd like to say million of thanks to my friend there who is very kind and generous to share his experience and time. U rock, bogdan!!
Now please take a look again. You see the Double TOP and Double Bottom.
Double Bottom : BIG trend REVERSAL.
And you see after the DOUBLE bottom, there is another Bullish engulfing Pattern. This is very good BUY signal.
The DOUBLE TOP can act also as the POINT of RESISTANCE. Once the price over reaches this, It usually will continue going UP and hopefully reach the NEXT FIBonacci level.

For GBP/USD, i enter at 1.9733 and the EXIT would be at 1.9880. I tend no to put Stop loss 1st. Coz these pairs is HIGH volatile. It often goes against you before it continues to your side. Along with the UP trend, Notice carefully for any STRONG trend REVERSAL signs such as DOUBLE top or DOUBLE bottom.

Into the chart, i add a Magnifique EMA ( Exponential Moving Average - Apply to CLOSE ). the EMAs are 5 EMA ( blue ) and 13 EMA ( red ). These EMAs can give u GOOD sign to enter an entry.

Happy Trading to ALL. Wishing you a very great PIPS along the way.



Leo
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  • #95
  • Jan 18, 2007 8:03pm Jan 18, 2007 8:03pm
Quoting leo2006
Hi all!

I just want to share this updated version of mouteki with u, guys..Hope u like it.


Happy trading!


Leo

I am really sorry that i have to delete this post to avoid further confusion
Actually i would like to change the Topic of this thread ( MOUteki Updated ) into Candle Stick Pattern and Fibonacci Retracement. I think this topic is more suitable since the my 1st post has evoluted into this better method.


LEo
Forex has never been this SO exciteD !!
  • #96
  • Jan 18, 2007 8:26pm Jan 18, 2007 8:26pm
Now.. it is time to introduce u to the next FIBcan ( fibonacci Candle stick ) method. This is called 1.2.3.4 pattern. Fibonacci used is Fibonacci Retracement.

The price begins with a downtrend from point 1 to point 2. Then the price retrace to point 3 ( at 61.8 fib level ), then it consolidated at 76.4 fib before it makes its significant move downward ( ensured by candle stick bearish engulfing pattern ). When the price over reaches the 76.4 fib, it usually will continue it's move to 161.8 fib ( Point 4 ).
Well, let's see.
Also u can see, that the downward move is supported by the stoch 8,3,3.


Happy trading to u all.


Leo
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  • #97
  • Jan 18, 2007 8:33pm Jan 18, 2007 8:33pm
Quoting leo2006
Whoop whoop!

Again fibonacci retracement succeed made its reach to 161.8 of fib ret. All u have to do is notice where the Bearish Engulfing and Bullish Engulfing Patterns are. Switch to any time frame. Especially Daily 4hour or even Weekly.

Leo

Leo.. may i know how did u spot the bearish and bullish engulfing patterns?
  • #98
  • Jan 18, 2007 8:35pm Jan 18, 2007 8:35pm
Leo,

Thanks for the reply. It's a wonderful and daring trade that you took..as GBP seems to be climbing up.

Anyway, which timeframe that shall we focus too coz the daily TR seems to have less action. But one thing about daily TR is that the move is almost confirm once we spot the signal.

Oh yeah..one more thing...I think you shall open one special thread for this b'coz maybe people can't relate this to mouteki. It just MHO though...

Ok. Happy Trading.
Shah For every action there is an equal and opposite reaction.....
  • #99
  • Jan 19, 2007 2:04am Jan 19, 2007 2:04am
Quoting Panjan
Leo,

Thanks for the reply. It's a wonderful and daring trade that you took..as GBP seems to be climbing up.

Anyway, which timeframe that shall we focus too coz the daily TR seems to have less action. But one thing about daily TR is that the move is almost confirm once we spot the signal.

Oh yeah..one more thing...I think you shall open one special thread for this b'coz maybe people can't relate this to mouteki. It just MHO though...

Ok. Happy Trading.
Hai Panjan.. Apa kabar?
Which time frame? I think u should choose bigger time frame. Like 4 hour, 1 day or even weekly. This makes your chance to take bigger profit and the signal looks more obvious. Of course, you have to be patient. As long as u are able to spot the pattern.
Yes, i would like to make a new thread. Coz i think this is not a MOuteki method huehe.. I'll inform you,guys for any change..


Happy trading,

Leo
Forex has never been this SO exciteD !!
  • #100
  • Jan 19, 2007 2:19am Jan 19, 2007 2:19am
Quoting wan_grunge
Leo.. may i know how did u spot the bearish and bullish engulfing patterns?
Hi wan,

Bullish Engulfing pattern : It's a BUY signal which consists of 2 candle stick. The second candle must ENGULF or cover the 1st candle.

Bearish Engulfing pattern : It's a SELL signal which consists of 2 candle stick. The second candle must ENGULF or cover the 1st candle.

I will show you in an example.


Leo
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