TraCop-1%

Higher Timeframe will give you the overall trend. I use Moutekin in combination with other indicators, too. If there are any fibonacci, pivots, support, resistance levels I prefer to look at it. Otherwise I need it for salping (M1) just the same as for M15, H1, H4 and Daily.

What eTrade has said in a fibonacci context:
"You need a confluence of reasons in order to get the correct direction. You will have far more success if you have multiple reasons telling you which way to trade. Favored tools for direction is „price“ and specifically „market flow“. The best timeframes to look at the market flow are daily, H4 and H1 charts. Look at what the majority of those timeframes are saying in terms of market flow. Look for the formation of successive highs and lows on time frames H1 and M15".
...the same is true here.

Anti-Example:
GBPJPY, H4. Mouteki is forming a triangle, but it hasn't any diagnostic value. Support and Resistance Levels and EMA55, 120, 200 are stronger.

Kindest regards

Thanks Forexcube for posting so late at night for you!

If you can shift the chart by clicking the chart shift button on the tool bar (it's second button from the minus zoom button), we can view the point of explanation better. At this moment, your charts are all shifted to right, but if you click on the shift button the view will shift to left, and/or right.

Thanks, RS

I see you placed a buy limit @1.01685. It's way below the current price. Now also I see you placed an instant buy for eurusd @1.44030.

Demo with investor pw is working well.

Ibfx-Account Number: 2542603
Investor Password: etm3joh

EURUSD, H4:
Enter Long at 1.4403
Target: 1.4497/4505

Trade with less success probability, although worth to execute.

0.5 Lot is a little high, my be hedge with a neg. correlated currency pair like USDCHF with 0.3 Lot.

EURUSD, Daily: EMA55 at Pivot 38.2 around 1.4577

EURUSD, H1: Rebound at EMA 55 possible.

IBFX Account not any longer active!
see p, 31, #454 "Point of View"

Shift chart to left, please, and post again?

All is there!
Other charts are cut.

Don't let s.b. else do the work! :-(

Kindest regard

Forexcube

NZDCHF, Daily - Ibfx-Account Number: 2542603
Investor Password: etm3joh

Enter Short at 0.7577
Target: EMA55 around 0.74425 with possibilities for a further downside movement till EMA120 around 0.7360.

IBFX Account not any longer active!
see p, 31, #454 "Point of View"

May I ask what you mean? RS

EURPY, M1, M5 - IBFX Account Number: 2542603
Investor Password: etm3joh

EURJPY: P1 (Enter Long), ), P2 (Exit)

Order: 16436704: (P1) 6.47 GMT 130.29 - (P2) 6:48 GMT 130.33

Profit: +22.10 $

IBFX Account not any longer active!
see p, 31, #454 "Point of View"

You have the Investor Password, so you can make a chart copy yourself.

Kindest regard

Forexcube

... that my suggestion was not appreciated or taken seriously. I was not lazy, but was just trying to help you with a tip that if you would shift your chart to left, you will have much better presentation of your points on your charts that you upload... Oh, well, it is up to you...

Am leaving the thread. Wish you all the best. Bye. RS

Hello RisingSun

Have you ever think about your behavior?: "Always call for s.th." - May be it could s.th. like, let me say a kind of "indignity", "public humilation", "abasement".

Hope you feel better!

Kindest regards

Forexcube

EURPY, M5, M5 - IBFX Account Number: 2542603
Investor Password: etm3joh

EURJPY: P1 (Enter Long)

Hammer with bullish engulfing.

When they are confirmed they become powerful signals for reversals, may be M5 might be more a feeble argument. H1 and H4 show indifferent candles.

Kindest reagards

IBFX Account not any longer active!
see p, 31, #454 "Point of View"

Point of view

It is not my business trade a 1'000.-$ Account with only 1:100 all the day.
I don't use the 1:100 IBFXAccount any more. It doesn't chears me up. It's bored with me. You'll earn money just as at a sluggish pace.
When you trade with 1:100 you should have a Minimum Deposit around 25'000.-$, the more the merrier. That's fun! :-)

I prefere to earn my money faster with 1:200 till 1:500, then it doesn't matter whether I trade with 500.-$, 2000.-$ or 20'.000.-$.

So I have make a Demo Account at Alpari UK over 500.-$ with even a higher leverage.
Details you'll see in the next section below, see #455, please.

Kindest regard

Forexcube

Start with 500.-$ &- 100.-$ a Day!

Account no. 1409499
Open Day: 2010 January 19
Investor Code: du6ayil
update:
Deposit: 500.- $
Balance: 941.49
Floating P/L: 0.00
Equity: 941,49 $
Closed Trade P/L: +441.49

Profit + 441.49

Target 100.- $ per Day

EURCHF, Dauly, 2010 January 19
Lowest Point: 1.4726

Indifferent candles on daily chart. Do they form a resistance? and does Mouteki Indicator confirms?

Enter Long at 1.4750

Stop Loss: 1.4750

See as well #457, EURCHF, H1, please.

EURCHF, H1, 2010 January 19

Cut in halves the usual Lotsize?

Daily Pivot Point 1.475 and Mouteki Line (red) at 1.4758 seems to hold the market price. Set adequate Stop Loss if this resistance could be broken.
DR1 at 1.4767. If EMA200 will be broken upward an uptrend would have greater probability.
I have taken Enter Long with one half of entry deposits and will make once more if EMA200 will be broken (H1 closes above EMA 200).
see also #456, Daily Chart, please

GBPCHF, Daily Chart

Will EMA120 be broken?

Take a look in present times.

(ADX 60 >). PullDown on H1 might be expected.

I go in the market with Enter Short (short time) with a quarter of entry deposits.

Take Profit around 1.6820.

Hi ForexCube,

Just checked your demo account. It has already grown to 2560 with 1200 floating loss.. Even if I remove the 1200 from the profit, you have made more than double in 1-2 days.

Dont know, why people are not much interested in this thread as I cant see any more posts... 17hrs since the last post :-)

Looking forward to learn more from you.

Hatsoff to you Chris.

Regards,
Prakash

Just couple of questions regarding this strategy. I have written few steps, please correct if I am wrong.

1. Look at D1, H4 and H1 to see the trend. If there is a clear trend then move to M5/M1 and look for EMA Cross or GannHiLo cross and take positions in that direction.

Here I have a question. Lets say the trend is long and on M5/M1 gannhilo cross happens for long, I take a position then within 1-2 candles, if it reverses should I close my position Or since the major trend is long, I shud wait for some profit and may be I shud take some more positions when there is any pullbacks from any major support area on M5/M1 tf (Or I shud look for such areas on higher tf)

2. Should look for major S/R areas (Pivots, EMA etc) on higher tf and then lower tf and then take a position on breakout of that in lower tf (or higher tf only?)

3. If there is no clear trend on higher tf (one bull, one bear candle alternatively for past 5-6 candles) then should look for scalping on M1 by taking positions only based on levels on M1 tf (pivots, ema etc)

Let me know, if I have to refine any of the above steps..

I know, all these comes by experiance but you advice is helpfull

Thanks,
Prakash