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Mouteki Trading

  • #21
  • Sep 9, 2006 2:13am Sep 9, 2006 2:13am
http://img241.imageshack.us/img241/2...icture5av5.png
  • #22
  • Sep 9, 2006 2:19am Sep 9, 2006 2:19am
http://img243.imageshack.us/img243/5...icture6uo1.png
  • #23
  • Sep 9, 2006 2:23am Sep 9, 2006 2:23am
This is totally fascinating Mouteki! A well written document, and NO indicators! Thanks for sharing this!

A question: Can you clarify what you mean by "trapping the market" and why especially on Mondays?

Thanks

cici
  • #24
  • Sep 9, 2006 2:25am Sep 9, 2006 2:25am
http://img183.imageshack.us/img183/3...icture7xx3.png
  • #25
  • Sep 9, 2006 2:29am Sep 9, 2006 2:29am
Quoting cici
This is totally fascinating Mouteki! A well written document, and NO indicators! Thanks for sharing this!

A question: Can you clarify what you mean by "trapping the market" and why especially on Mondays?

Thanks

cici
Thanks Cici...Let me explain. First of all, what I mean by trapping the market is drawing the most recent supply/demand lines. I do this on Mondays because I like to have my charts freshly setup with the most recent supply/demand lines for the trading week. Hope this helps.
  • #26
  • Sep 9, 2006 3:21am Sep 9, 2006 3:21am
Quoting moutekitrader
Thanks Cici...Let me explain. First of all, what I mean by trapping the market is drawing the most recent supply/demand lines. I do this on Mondays because I like to have my charts freshly setup with the most recent supply/demand lines for the trading week. Hope this helps.
Hi mouteki
Are there any additional rules on drawing the lines as the day develops? As I look back over your charts, and my own (hindsight being 20/20 vision), the plays are clear. But when trading live, on a day-to-day basis, do you re-draw the supply / demand lines as price moves?
The lines you've drawn on the images above have similar set-ups within the originally marked areas.
Thanks
Peter
  • #27
  • Sep 9, 2006 3:52am Sep 9, 2006 3:52am
Quoting moutekitrader
Thanks Cici...Let me explain. First of all, what I mean by trapping the market is drawing the most recent supply/demand lines. I do this on Mondays because I like to have my charts freshly setup with the most recent supply/demand lines for the trading week. Hope this helps.
Thank you mouteki!

Does this mean that you don't carry over the previous week's supply/demand lines? But instead, you start fresh EVERY week???

Thanks again mouteki! I'm looking forward to seeing how you set your stops.

Take care sir (ma'am?)

cici
  • #28
  • Sep 9, 2006 3:57am Sep 9, 2006 3:57am
Hi again
I've drawn some other lines on your chart and would like to know why you didn't select these points.
I'm looking for insights and this is not in any way a criticism of the method.
Also, as a trade hits a TP level do you redraw the Supply/Demand lines?
Peter
Attached Image
  • #29
  • Sep 9, 2006 3:59am Sep 9, 2006 3:59am
Quoting PeterFM
Hi mouteki
Are there any additional rules on drawing the lines as the day develops? As I look back over your charts, and my own (hindsight being 20/20 vision), the plays are clear. But when trading live, on a day-to-day basis, do you re-draw the supply / demand lines as price moves?
The lines you've drawn on the images above have similar set-ups within the originally marked areas.
Thanks
Peter
Yes...Peter, I am consistantly redrawing my supply/demand lines. Please explain in more detail by what you mean with " the lines you've drawn on the images above have similar set-ups within the originally marked areas."Hey, thanks for responding to my thread, it really means a lot to me!!!
  • #30
  • Sep 9, 2006 4:04am Sep 9, 2006 4:04am
Quoting moutekitrader
http://img183.imageshack.us/img183/3...icture7xx3.png
Hi Moutekitrader,

Can you share the GBP chart set up for the up coming Monday, Sept 11? I think it would help all of us understand your method if we can see your chart set-up in realtime. What I've seen so far your set-ups look very promising. Also, I just wanted to thank you for sharing your trading experience.
Dave If you can't swim with the sharks stay out of the water!
  • #31
  • Sep 9, 2006 4:05am Sep 9, 2006 4:05am
Quoting cici
Thank you mouteki!

Does this mean that you don't carry over the previous week's supply/demand lines? But instead, you start fresh EVERY week???

Thanks again mouteki! I'm looking forward to seeing how you set your stops.

Take care sir (ma'am?)

cici
Yes my man...I start fresh every week. I don't look to often to trade the Monday market as that is when positions are placed. I let data from monday effect the chart and look hard to trade the Tuesday morning(for me at least) London session u.s. time to place my trade...
  • #32
  • Sep 9, 2006 4:09am Sep 9, 2006 4:09am
Quoting moutekitrader
Yes my man...I start fresh every week. I don't look to often to trade the Monday market as that is when positions are placed. I let data from monday effect the chart and look hard to trade the Tuesday morning(for me at least) London session u.s. time to place my trade...
I assume you're the little guy (trader) taking on the big guy (FX market)?
Peter
  • #33
  • Sep 9, 2006 4:11am Sep 9, 2006 4:11am
Quoting downunderdave40
Hi Moutekitrader,

Can you share the GBP chart set up for the up coming Monday, Sept 11? I think it would help all of us understand your method if we can see your chart set-up in realtime. What I've seen so far your set-ups look very promising. Also, I just wanted to thank you for sharing your trading experience.
No problem my man on sharing my trading experience. Honestly I have been contemplating creating a thread for over a year now.In the last 4 hours I have had over 300 views on my system...that makes me feel great...I will look into posting my trade set-ups in real time come Monday...Thanks for sharing...
  • #34
  • Sep 9, 2006 4:12am Sep 9, 2006 4:12am
Hi Mouteki,
A big fan of price action trading. Just something I did last week and has been profitable this week for trading.
I dont use the TL method described by you. I did a variation of the Price projection with limited success as the entry rules were a little different and the projection was more different. This method is more "cleaner".

I will be following this method, since its based on pure price action, its more accurate.
The support/res lines go all the way back from July and August and are still valid.

Thanks a lot, keep posting
http://picnac.com/images/5698market order1.gif
  • #35
  • Sep 9, 2006 4:17am Sep 9, 2006 4:17am
Quoting moutekitrader
No problem my man on sharing my trading experience. Honestly I have been contemplating creating a thread for over a year now.In the last 4 hours I have had over 300 views on my system...that makes me feel great...I will look into posting my trade set-ups in real time come Monday...Thanks for sharing...
I am sorry first of all if I offend you in any way by asking this ?... What are those arrows drawn on your chart...Indicator, I was affraid so!!!
  • #36
  • Sep 9, 2006 4:23am Sep 9, 2006 4:23am
I am so sorry for wasting your time for stating this if I have understood you else wise. First of all, to all of those who have posted to my thread(call out timE) you guy are the S**T. I love you guys, people who respond and show interest are those who keep me going... I promise you guys a thread that keeps on going$$$
  • #37
  • Sep 9, 2006 4:27am Sep 9, 2006 4:27am
Quoting PeterFM
I assume you're the little guy (trader) taking on the big guy (FX market)?
Peter
Not really my friend, with proper account managment I have become a little guy competing with the big guy...Please, give me any big guy who is willing to trade against me, and prove me wrong...Did I mention I love this forum...To the creators of this explosive forum
  • #38
  • Sep 9, 2006 4:30am Sep 9, 2006 4:30am
Try to look at the chart on 4hr GBP/JPY. Please comment if im doin right or wrong.
Attached Image
" master your setup, master your self "
  • #39
  • Sep 9, 2006 4:35am Sep 9, 2006 4:35am
Quoting Sinar FX
Try to look at the chart on 4hr GBP/JPY. Please comment if im doin right or wrong.
]

Please review my 10th and 11th post in this thread for answers to your ?...Hope this helps, if not let me know...
  • #40
  • Sep 9, 2006 4:38am Sep 9, 2006 4:38am
Quoting moutekitrader
Not really my friend, with proper account managment I have become a little guy competing with the big guy...Please, give me any big guy who is willing to trade against me, and prove me wrong...Did I mention I love this forum...To the creators of this explosive forum
Me again
Could you look at post 27 and give me your feedback, thanks. This was my response to your question in Post #28 -
Please explain in more detail by what you mean with " the lines you've drawn on the images above have similar set-ups within the originally marked areas."
WE appreciate YOUR input and look forward to seeing how our education develops.
Peter
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