Mouteki Trading

Can you tell me is it correct?
http://images26.fotosik.pl/250/61264e367b561c3f.gif

IMHO, yes it is..Good luck with your trade. If you trade that pin i think u are on green by now.


Tokwanden..

i think many traders trade support resistance and trendlines still which is all mouteki and demark really is... i still look for these types of setup situations but u cant just use an indicator or try to draw a trendline out of context i think u need to understand the s/r that is going but the methodology is sound if taken in context


in other words tom demark uses horizontal support resistance levels as well as trendlines.... what demark tries to identify is the supply/demand line in visual terms diagonally.... i e where buying outweighs selling or selling outweighs buying and price will move..... indicators dont cut it IMO u need to see whats really going on..... i like to see double tops or botttoms areas or head and shoulders type of situations and then draw a trendline to find the latest diagonal line of supply and demand as demark teaches in context of pivots and s/r .... which is all a trendline really is i think..... maybe not...or is a trednline different than a supply demand demak line????? who knows ....who cares ...lol... .... tom demark ( which is what mouteki got this from) talks about trendlines and being drawn as identifying the diagonaly level of supply and demand from the two most recent points... which is all any charting is trying to identify is supply and demand.....2 cents from someone who has read all the tom demark books .... this is just how i see it nowadays and only an opinion for what it is worth

ps here is a vid from seiden which is another great explanation of supply demand (his discussion and view is horizontal as opposed to demark theory which discusses both) http://transcripts.fxstreet.com/2007...-and-dema.html

Greetings factory members,

It has been some time since I have posted in the factory, October 2, 2006 to be exact.

For those who don't know me,let me take a moment to explain a bit about myself.

First off, I go by the name moutekitrader, or mouteki. I have been live trading the forex market for over five years now.

I have traded nearly every systems out there, you name it and I bet I've tried it. Peter Bain, 4xmadeasy, forexrobottrader, fxuniversal, cfg, patraders,fxmoneymap...I think you get the point.

I have been on a long path to get where I am now and have seen many things that have disturbed me on the way. I will share my previous experience just so you know where I am coming from.

I got into forex mainly because my father has been doing it for the past 18 years. He has been trading currency since before this whole online forex trading market even existed. Can you imagine, have you ever seen the way currency's trended years ago.

Anyway, seven years ago I began searching the internet for forex trading, was looking if I could leverage my money to have the same effect my father did on the market with less money. And there it was...I found the all mighty FXCM and opened up a 50k standard account the day I found them.

Note to self: BIG MISTAKE.

Honestly, I new absolutely nothing about trading at this point. To be totally honest it took me a week to figure out you can short a currency. Long story short, I blew that account in under three weeks. Yup...three weeks.

Ouch...but I had fueled the fire, I wasn't stopping there. I decided to educate myself in trading before trying it again, went to every self proclaimed million dollar trader and spend thousands on garbage.

It was 1 year into exploring the forex when I went with a forex company who claimed 200 trades in a row. Won't use any names, really cant. Anyway, I fell head over heals for the system. Expensive too. Trained with them for over a year and then they offered me a mentorn opportunity. I was only 21 at the time and was overwhelmed, thought I was going to be the next Warren Buffet.

Things were good at first but the system started losing flame. Of course it did, the euro and pound stopped running 300 pips everyday like it used to and there moving averages couldn't produce a successful trade to save their lives.

I left that job because I was offered a new job elsewhere, these guys were legit to, knew them all personally. Again though, another trading program all based on indicators, I simply new the truth about indicators and couldn't teach a system based completely on them.

I made the best decision of my life five years ago. Decided to forget the mentorn business and persue trading all on my own. Like I said before I have tried a lot of things and what I will share in this thread is what I have been doing for the past five years on my own and it is bringing me success.

Sorry for the lengthy post, but if I'm going to share with you the product of the last five years of my trading life, I figure you should have to suffer through the story of my life for at least a little bit.

Many people may remember me and my thread http://forexfactory.com/showthread.php?t=7883 from about two years ago. It was the talk of the forum for a long time back then. One of the most viewed threads on this forum to this day.

I stayed about one month in the forum and then things just got so out of hand that I decided to leave. I just wasn't ready for that much, when your active in a forum it takes a lot of dedication. It was literally a 9-5 job and I wasn't looking for that.

A few things also occurred as a result that really bother me. Within that one month, due to the large success of moutekitrading, several low life's attempted to make a quick dollar off of my thread.

One person sold the trading manual i posted in the thread on ebay, another person sold signals threw his email claiming he was me. I couldn't have this, i worked hard for what I have accomplished and I ain't letting anyone tarnish the name I have created in this industry. All those fakes who have tried imitating me to make a few dollars have all paid the penalties of copyright infringement so I suggest no bright ideas people...lol

Enough about the past lets talk about the future. Our purpose, what we are here to do...

If you are reading this, you are most likely aware of the potential profits of being a successful forex trader. So there is no need for me to explain the basics. Hopefully by now you understand the basics of trading, if not i am sure you'll be able to find that all on this wonderful site.

My mission is to teach you and every other person reading my secrets to achieving consistent success in the forex markets as an active forex trader.

My method of trading will be taught mainly through the use of video media, which will be distributed daily. I have found this to be the most effective way to teach the process of trading.

Since this is a process, we will take it piece by piece. No individual step taught should be traded on its own. Have the patients to learn it from beginning to end and it will be well worth your time invested.

Since my method is mainly on video I will upload them all on my blog
http://forexgemini.wordpress.com/
and on several media sites such as youtube.com.

I strongly suggest the use of this forum to discuss material you obtain with other traders under the new thread I created on forexfactory: http://forexfactory.com/showthread.php?t=102993

I will be on the forum occasionally sticking my head around to see whats going on. The strength and success of the forum is solely up to you and all the traders following the material I am distributing.

This way I will have much more time to dedicate to distribute quality material to traders.

Let's take the forex by storm and create an uprise in successful traders!!!

I'll do my part...will you?

Its been a while since you posted. Welcome back.

The first video will be released shortly...sit tight!

Welcome back. Looking forward to chip in your new thread

Welcome back. Your threads have been read by many people since you quit posting.

Will the new information build on the original system you presented in this thread or show a new method to trade?

Hi Mouteki

With big respect welcome back Sir,

FYI: hope you may have come across, there are some indicators come along based on your support/resistance line. I prefer to mark myself manually for S/R as per your presentation guide/docs. It would be helpful for learners to point out whether using indicators is good or not based on your traidng idea/principle as everyone knows indicators are just a program which will not think like human mind .

Cheers
Fxbee

re: post 2268

Mouteki, thanks a lot from here as well. Great to have you back and wonderful to get a new toy for all of us. Good to have your post 2268.
Before proceding to your new thread and new method I wonder if you could make a final statement/verdict concerning your old method: How did it stand the test of time, does it require special market conditions, caveats and recommendations.

Would be great to have such a final close of this thread.

Thanks, regards, and awaiting the videos

Forex37

Thank you Mouteki for such a brilliant strategy. It is rare to find startegies that do not rely on indicators which can create alot of noise and confusion. I will test it then hopefully use it on live account.
Thank you again

hi people. am new to forex factory and have been reading about mouteki system. i cant seem to locate the word document explaining the system. can anyone advise

Hey, boomboom.

Feel free to click the Mouteki/DeMark link in my sig. There's a lot of stuff there so don't feel overwhelmed. The first thread contains 99% of what you need for this system.

Good trading.

Hi boomboom welcome to the factory, mouteki, started a new thread if your interested at this location http://www.forexfactory.com/showthread.php?t=102993

Its totally different than this system, in fact he hasnt even finished explaining the way to trade it.

If you want to find a word doc for this system on this thread you should click on the paperclip in the upper right corner (if your viewing the thread). Every attachment on the thread will be in there, so you dont have to go through all the pages to get there.
I dont follow this thread anymore so im not sure where it is.

hi guys thanks for the quick response. i am relatively new to forex and have been reading through the various systems on ff. have read a lot on forex trading and have come to the conclusion that most indicators are lagging. i read an article about the tom demark indicators which are used primarily by the professionals to determine turning points. i was wondering has anyone on ff bought the demark indicators and used them to good effect. i understand that they alone are not enough but maybe a good starting point. any thoughts would be appreciated

I want to start off by addressing some of the comments that have been left here on the thread over the last few days.

As always, forums create confusion and misinterpretation constantly, so I want to dispel some of these beliefs and show you what my intentions are for this thread, my blog, and my videos.

First...I want to tell you about my departure and return to the forum and the reasons for both. Two years ago when I left this forum, I had one of the most popular threads in the factory. It was both exciting and overwhelming. People started PM'ing and asking on the thread for me to teach them personally...and honestly, I didn't want to do that.

I don't have time to teach people one-on-one. In return, I got a lot of negative feedback that I wasn't helpful...and I apologize, but I didn't reveal the orginal "Mouteki Method" as a means to springboard a personal mentoring service.

I simply released the Mouteki Method to show people the system that I used to trade. Simple as that. I didn't know how big of an effect the thread would have and I decided that it was too much to deal with.

Fast forward to today and the reasons why I have returned and why I am releasing the videos and blog. You see, I started seeing "Mouteki Methods" being sold everywhere...on blogs, eBay, etc. People, who have no affiliation with me started selling my system as their own and AT THE SAME TIME, ruining the method AND my reputation. I couldn't sit there and let this shit happen.

That was the reason for my return. The videos that I have been releasing and the blog I started, Forex Gemini, were for two reasons.

1) To break away from the old "Mouteki Method" and establish a new one
2) I wanted to show you exactly how I trade through the use of Screen-cast videos.

That's it.

I DO NOT have any intention of trying to make you pay for what I'm teaching you. The reason that I am making a switch from the Free Wordpress to my own hosted domain is to give me more ability to do what I want on my site.

You see, when you have a free blog through wordpress, it has limited space and bandwidth, as well as limited options to really add what you want. I got my own domain and hosting so I can include downloads for you guys, put some currency calenders on, etc...

Now...to address the whole email situation (which kind of created the misinterpretations that I stated earliar)

In the last few days, I've been asked by many people when the next videos would be released, what kind of time frame I was using, and if I would alert people through email.

This WAS NOT, repeat WAS NOT, my idea. I never came out and said, "Hey let me take your emails." It was suggested by several people who commented both here, and on my blog.

All I did, was ask you guys if you wanted me to do that. I never said that I planned on doing that or that it was final. I simply asked if you wanted me to do that.

Obviously, that has caused a lot of skepticism, so I will not be doing that. It honestly doesn't matter to me...in fact, it's actually easier for me not to spend the extra few minutes to alert you. So, I will keep alerting you through the forum when I post new material.

Now...just to put a close to the old Mouteki Method, let me share some thoughts...

When I posted the Original Mouteki Method two years ago, it was a means to show traders a basis of how the forex market works: Supply and Demand. This was the first system that I developed and I was very successful using it.

In a matter of speaking, the original Mouteki Method was a "Gateway Drug" in order for people to get a basic understanding of the Forex, and give them a base for them to learn and grow their knowledge of successful currency trading.

Do I use this Method today? No.

I don't use this method because it is too basic. I don't want to discredit the method at all by saying this because the method is very solid and can provide you with significant gains. I honestly wish that when I first broke into the forex market that I would have came across something like the Original Method. Unfortunately, I didn't....so that's why I gave it to the public...to give beginners a chance to succeed in their quest for forex knowledge.

My intentions for returning this past week, as stated above, were to seperate myself from all of the bullshit that people have created in order to make a quick buck by stealing (and ruining) the original method.

Hence, the creation of Forex Gemini.

I bought the domain and hosting so I can brand myself and make my new methods more official. I don't want what happened to the Mouteki Method to ever happen again.

So...I started releasing my "over the shoulder" videos as a means to begin the process of my new system, because that is exactly what it is..a Process.

Yes, I am starting out simple, and I know a lot of you understand how Fibonacci's work....but you know what? Not everyone understands them...and I don't want to leave anyone out in the cold. So yes, my first couple videos have been somewhat basic....but I haven't even been back for a week. I need a little patience.

This isn't some quick and easy way to trade. I've been through the trenches of this market, I know exactly what I am doing. It's going to take me a couple weeks to really show you everything so that it starts to all "fall in place" for you.

Honestly...I know that I don't have to do this. People have even offered me money because of what I'm teaching...and I don't want your money. I don't need it. I wanted to give back to the very forum that taught me so much about trading years ago, and give someone else a chance to finally succeed.

I've been in your position when I first started out, and I know how much it sucks to be scammed, or not get something. I completely understand. That's why I'm doing what I'm doing...so that you'll finally be able to trade. For me, it's honestly fun to help those who can't grasp the concepts that I'm showing.

So...that being said...to log-in to the forum and see comments about how "I'm doing this for the money" or how "I plan to charge for these teaching" or how "this is all a sales ploy" REALLY, REALLY pisses me off.

I want you all to realize that I can live the rest of my life without ever having to turn on my computer again. I could take all my funds out of the world bank and disappear and never have to worry about anything ever again.

I'm doing this FOR YOU...NOT FOR ME.

So...to wrap things up...

I want to put an end to all this non-sense. I'm not going to keep posting and contributing to YOUR SUCCESS if I have to constantly defend myself and answer to all of your worries.

So...may I proceed?

Is it ok for me to teaching you?

Can I get back to editing the HUGE presentation video that I've been working on...or am I going to have to answer to these petty complaints about my sincerity?

I think we all would benefit if I simply moved on and if these negative comments deceased.

-Mouteki

Hello Mouteki

Can you tell me which of the following trends (A or B) you would consider for this chart of EURJPY?

Thank you

I for one am very happy and honored to have you back. I was not around in '06 and feel I missed out on the opportunity to interact with you.

Thanks for sharing.

nice to have you back... i found your teachings very helpful and insightful... I dont really bother too much with ff any more but i will read your new thread and website since i enjoyed your first one so much... thanks for your time and effort

Does anyone know why price just dropped and came back up by 200+ pips a few minutes ago ???