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Mouteki Trading

  • #4,541
  • Nov 20, 2009 2:47pm Nov 20, 2009 2:47pm
Quoting moutekitrader
Since this got buried before anyone replied, I wanted to re-post it so I could hopefully get the answer from someone...
http://www.forexfactory.com/showthread.php?t=205517
- Can only start threads in the Under Evaluation forum
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #4,542
  • Nov 20, 2009 2:55pm Nov 20, 2009 2:55pm
Thanks Goose, I appreciate your response...
  • #4,543
  • Edited 1:43am Nov 21, 2009 1:21am | Edited 1:43am
Quoting moutekitrader
Well, just as you are human so am I. My memory does not go as far back to recall exactly what I wrote 3+ years ago.

Since this is a FOREX forum and not a debate room this will be my last post on this subject. If you want to thrive on this issue my friend then go ahead but I will not partake in further discussion on this matter.

Before I go, let me ask you this...Is every trader out there that use Fibonacci at stake in being ridiculed just as I for not calling the method Leonardo Pisano Bogollo's "xyz" method???
No one would come to a public forum and describe fibonacci retracement/expansion, or a variant thereof, and try to take credit for inventing it.

No one would post a Word document describing modified Bollinger Bands without mentioning the name John Bollinger.

Same thing goes for Keltner Channels, Andrew's Pitchforks, Elliott Waves.

But that is exactly what you tried to do with Tom DeMark's supply/demand trend lines which he first describes in his book "The New Science of Technical Analysis" published in 1994!

post #4...
Quoting moutekitrader
...So with this all said and done, here is my system...
post #5...
Quoting moutekitrader
The heart of my system is four hour trendlines.
post #10...
Quoting moutekitrader
Thanks a million...let me know what you think of my trading technique...
When do you ever mention the name Tom DeMark? Wellll, there was this one time when wthomsen posted...

Quoting wthomsen
After reading the first chapter of Tom DeMark's The New Science of Technical Analysis, I do not feel it fit to term this method of trading as the "Mouteki method".

The "mouteki" is merely a subset of the tools outlined in Tom DeMark's work, and actually excludes some of the finer details (mainly in helping to identify false breakouts).

Additionally, every tool involved with the setup (the lines, the price projection, the breakout, etc) are actually trademarked by DeMark himself as "TD Demand Line" or "TD Support Line" or "TD Price Projector"...
Quickly followed by this brief exchange...

Quoting moutekitrader
Why do I see you still lurking around my thread if you feel this way...you should be studying Tom DeMark, not the mouteki method if you feel this way...
Quoting wthomsen
This whole thread is a discussion of Tom DeMark's book. Just not everyone knows it.
Quoting moutekitrader
If you feel this way my friend, start your own thread on his book, in the mean time stay out of my thread!!!!!!!!!!!!!!!!!!!
Spoken like a true blue guru.

Anyway, that was it. That was the one and only time you mention the name Tom DeMark in this entire thread. Oh wait...I take that back! You do mention his name one more time here...
Quoting moutekitrader
Hmmm...

Obviously not a lawsuit, I never sold this method...

I actually put it like that on my site because that is the name it seemed to undertake from the public.

I guess back in 2006 when I released the method, I didn't give much thought to the name. Obviously, this method was formed off of DeMark's book and I have stated that years ago when I wrote about it.

Anyway, just wanted to reply.
Mm hm yeah.

Finally, here's another little stroll down memory lane from your other thread, "New Mouteki Method", post #129...

Quoting moutekitrader
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....
Gateway drug...mmkay. Oh but it gets better...


Quoting moutekitrader
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.
Quoting moutekitrader
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.
Quoting moutekitrader
My point is, I took what I learned and applied it to the forex and made a lot of people happy, why can't it just stop there? Why do you have to thrive on such a matter?
I don't know. Maybe it's just this problem I have with liars and plagiarists...
  • #4,544
  • Edited 4:00am Dec 23, 2009 3:47am | Edited 4:00am
I have a great setup on the Aud/Jpy that you can see on my website under "chart of the day". With the holidays just around the corner, I have personally closed my trading books for the year.

I wanted to share this video because this setup is a classic example that we look for day in day out in the markets. Now, given the fact once again that it is the end of the year, under no circumstances will I trade this or any setup live. I will just be interested in monitoring to occupy my time and sharpen my edge.

If you watch the video, you will realize that my personal trading revolves around these type of setups. My main objective is to locate and monitor setups such as the one used in the example video. From that point, I use mm & rr to determine which to monitor and which to leave to the side.

Basically, what I want to say is I have a plan and I trade it. After so many years of trading, that is what I believe it all boils down to. If a setup breaks harmony I am not worried, yet many times relieved because it is one less setup to monitor meaning I can focus on the remaining that are in harmony.

Well, enough said for now... Happy Holidays!!! Enjoy the time away from the charts.
  • #4,545
  • Dec 23, 2009 8:56am Dec 23, 2009 8:56am
I just completed posting a video on the Eur/Gbp. Available for your viewing pleasure. Currently, I am looking for a bull run to occur, with harmony in the movements continuing to respect the fibonacci.

A great example of a classic setup of mine using strictly technical analysis.

If it wasn't this specific week leading into the holidays, I would definitely trade this setup live. But again, I am not interested in risking money during current market conditions.

Hope you enjoy the video...
  • #4,546
  • Dec 23, 2009 4:18pm Dec 23, 2009 4:18pm
Hello moutekitrader

Your site is informative and you've tell others a strategy to trade.

Might be there are one or two which have the inputs to damp spirits.

Don't lose courage, please!

Thanks for all the valuable information you share here.

Forexcube

:-)
  • #4,547
  • Dec 24, 2009 4:50am Dec 24, 2009 4:50am
I'm curious if anyone watched the Eur/Gbp video and saw the outcome of the trade setup.

It is truly amazing how the market respects areas of fib expansion overlap with fib zones.

In the video yesterday, I explain exactly what to look for and why to look for it. If you did not watch the video, you must!!! It is a classic, rock solid setup in the market that is a great example of the setups I trade.

You can watch all of my "chart of the day" videos on my website.

Cheers and Happy Holidays...
  • #4,548
  • Jan 4, 2010 11:42pm Jan 4, 2010 11:42pm
You are great Mouteki. I have always been confused by drawing supply and demand lines, but you cleared the fog.

Its ppl like you that makes FF such a great place to be in.
Life is a school for the soul
  • #4,549
  • Jan 9, 2010 1:03pm Jan 9, 2010 1:03pm
Quoting moutekitrader
I'm curious if anyone watched the Eur/Gbp video and saw the outcome of the trade setup.

It is truly amazing how the market respects areas of fib expansion overlap with fib zones.

In the video yesterday, I explain exactly what to look for and why to look for it. If you did not watch the video, you must!!! It is a classic, rock solid setup in the market that is a great example of the setups I trade.

You can watch all of my "chart of the day" videos on my website.

Cheers and Happy Holidays...
Hi, Mouteki

Is there any way to subscribe to your daily videos. You should incorporate that in your web site!!! just an idea.

Thanks
  • #4,550
  • Feb 1, 2010 6:17pm Feb 1, 2010 6:17pm
Greetings,

I just wanted to let everyone know that when you now visit mouteki.com to access chart of the day videos you will be redirected to the new blog. Blogs have always been the best solution for updating daily videos for public access so I decided to make the switch. I have also added a RSS feed so feel free to subscribe so you can always be up to date with our most recent videos.

Starting today, I will be posting 1-2 times a day on the blog with brief 5-10 minute videos covering my Fibonacci analysis on live charts.

Speaking of videos, to kick off the new blog I just uploaded a great segment on the eur/usd. I believe you will find my analysis interesting and would love to hear your input on my analysis.

You can access the blog by going on mouteki.com and clicking on chart of the day tab, or by simply clicking on this link mouteki.com/blog/

Well, hope to create some interest in the good old mouteki method's once again!!!

-Cheers
M
  • #4,551
  • Feb 2, 2010 10:07am Feb 2, 2010 10:07am
If you saw my video yesterday on the euro then your probably sitting in the same boat as me.

I went short on the pair earlier after home sales release on a 15m demand line violation south. As you know, @ 1.3950 on the euro, I anticipated strong resistance from the 610 fib zone.

Immediately the pair fell to the 1.3925 level on supply overcoming demand. With such positive home sales figures, I figured the bears would continue to dominate the pair with support from fundamental and technical aspects pointing south.

Recently within the last 45 minutes, we have seen the pair spike north 65 pips to the 1.3965 levels.

Now, what I think were about the see on the pair is a massive movement south. The head fake was created, speculators have been stopped out on their shorts, and the market is about to rally south on the euro.

I have just seen this setup happen so many times that it has become second nature in my trading.

Why is it that we have a larger percentage of head fakes in the New York session than we do in London?

After seeing this sequence of events so many times, it all makes sense. Let's take the current euro setup. Prior to the release of home sales, the market was technically supporting a bear movement.

Than, home sales came in and gave a fundamental value towards u.s. dollar strength. We had a break of a significant demand line on the 15 minute chart as the figures were released and bingo...

Speculators inject volume in the market, creating the 25-30 pip spill we saw. Can you blame them? They had every reason in the world to be short on the pair.

Then, after just 15 minutes of fame the market runs north 40 pips or so. Finding it's current consolidation @ 1.3965.

All I'm saying here is this, we see the market setting the same traps day in and day out yet we still fall in them.

The market gave us a fundamental and technical reason to go short, so we did. We were given a brief moment of fame and saw profit on the decision, then the big boys decided that the move south was going to be to big and needed to stop out retail traders before making the move. We can see that has been done, and now I know this market is going to turn south, and i know that the bears are in control, and I know that my writing is horrible so please forgive me.

Basically, what I just wanted to do was give my insight on the pair. I am sure that many are wondering yet once again what they did wrong. I am sure many traders went short, realized profit all just to see it stopped out.

What I am saying, is that if you think about the process I described above, about head fakes then you will be able to save yourself a lot of stress.

Waiting for the traps to be hit by others, and stepping into the market with confidence after the retail money is stopped out, is simply how it must be done.

Well, I'll wrap this up...more later and on my blog...

-Cheers
M
  • #4,552
  • Feb 3, 2010 12:18pm Feb 3, 2010 12:18pm
I just got done posting a brief five minute video on my blog consisting of analysis on the Eur/Jpy.

I am currently long on this pair for several reasons that you will see in the video update on my blog.

I am also still short on the Eur/Usd from Monday. We saw the pair turn very nicely on the 23.6% retracement of the entire movement. I will also be updating soon a follow up on the pair in video format on my blog.

Here is the link to my blog for those who haven't seen it yet... http://mouteki.com/blog/

Well, more to come later on the euro/dollar...for now good luck and happy trading.

Cheers,
M
  • #4,553
  • Feb 6, 2010 5:27pm Feb 6, 2010 5:27pm
I am only getting the supply line on my charts when I load the indicator. Can anyone post the indicator that Mouteki trader uses please?
  • #4,554
  • Feb 7, 2010 11:46am Feb 7, 2010 11:46am
Quoting DaveB
I am only getting the supply line on my charts when I load the indicator. Can anyone post the indicator that Mouteki trader uses please?
Hey Dave, which indicator are you referring to. The indicator that I use is strictly for adding the fib zones. I do not use a supply/demand line indicator although I am aware that there is one I just have never used it.

If your looking for the indicator I use to apply the fib zones you can find it on my blog by clicking on the fib zone indicator page.

If any members have any other "mouteki" indicators and would like to share them with me so I can add them to the blog that would be great.

Hope this helps Dave, if not hopefully some one will come forward with the indicator.

Cheers,
M
  • #4,555
  • Feb 7, 2010 12:43pm Feb 7, 2010 12:43pm
Just wanted to let everyone know that yesterday I posted a nice ten minute video on my blog recapping the action we saw on the euro last week.

If you watched my euro analysis on Tuesday, you will recall that I firmly believed in a bear continuation on the pair to the 1.3575-1.3600 levels.

This level was the low we saw the market hit on Friday during the New York session.

If you haven't watch these videos yet, I suggest you do.

More to come soon...Until then,

Good Luck & Happy Trading!!!
  • #4,556
  • Feb 8, 2010 2:57pm Feb 8, 2010 2:57pm
After last week I have been getting a lot of emails from traders asking me about where I foresee the euro heading this time around.

A simple question with a range of responses. On a technical standpoint we can see reasons for a retracement north on the pair to occur in the larger compressions and on the smaller time frames we can see bulls starting to prove there existence.

Obviously, profit taking was taken at the levels we anticipated last week. For rewards to be put in ink on the rally south we saw on the pair last week, positions must be paid out. Profit taking after such a large movement south could create a decent size run north that smaller specs will definitely be interested in buying into.

The video I just updated on my blog shows a technical view into potential bullish setups and opportunities to go long.

I just created the video and the pair is sitting at a very important decision point so make sure to check it out...

Cheers,
M
  • #4,557
  • Feb 12, 2010 12:06pm Feb 12, 2010 12:06pm
Hi:

I am new to this blog. Can anyone please answer two questions:

1. Where can I find the rules for entries and setting stops, trailing stops and exits for the original Mouteki Method of trading breaks of supply and demand trendlines? I have found the rules for drawing the trendlines, measuring the price objective from the first open that breaks the trendline but I cannot find the rest and there are some posts on unrelated threads on forex factory that indicate that Mouteki Trader stopped posting on the method before he placed the entry and exit rules on this thread. I don't know if that is correct or not.

2. Are there any filtering rules to the original method?

3. Is anyone out there still using the original method with any kind of solid profitability and can you share how well it works for you? I don't see many talking about using the original method on this thread anymore but I am new so I may have missed several posts.

Thank you for considering my requests.
  • #4,558
  • Feb 13, 2010 12:32pm Feb 13, 2010 12:32pm
Quoting marxdhr
Hi:

I am new to this blog....
Anyone interested in this style of analysis should consider studying it from the man who originally conceived of it. His name is Thomas R. DeMark and he details everything in his book The New Science of Technical Analysis.
  • #4,559
  • Mar 2, 2010 7:54pm Mar 2, 2010 7:54pm
So, I've had the eur/jpy in my watch list lately and I am starting to see nice developments on the pair.

The pair has traded south over 500 pips in the last two weeks. Technicals are starting to show strong indication toward a bull movement in the making.

I have just updated my blog with a great video covering my analysis on the pair.

Always up for discussion on my analysis, please share your insight.

Cheers,
M
  • #4,560
  • Mar 2, 2010 11:57pm Mar 2, 2010 11:57pm
The pair just made a nice 15 pip break above the 121.00 price level which is also a breach of four hour supply.
Price action of 15 min looking nice with great interest on buying the pair for targets of 121.50 short term and 122.00 mid term.
I am placing my stops @ 120.75, 20 pips below the 15 min demand line acting as support.
More to come as setup unfolds...
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