Take a look at this perfect setup on the Eur/Jpy from last night.
http://img80.imageshack.us/img80/4674/cgbfod0.png
http://img80.imageshack.us/img80/4674/cgbfod0.png
Anyone still trading Mouteki? 45 replies
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Quoting EMM7ERSONDislikedI have been looking at this thread and it looks excellent, but I use oanda and they only have 3hr charts, and it goes flat on the weekend. do you still think this will work?Ignored
Quoting Sinar FXDislikedwhy gbp/usd moving very slow??Ignored
<fieldset class="smallfont" style="padding: 4px 10px 2px; width: 70%; margin-bottom: 9px;"> <legend>Investica Analysis</legend>
A monthly increase of 0.4% or more would create pressure for higher interest rates.
</fieldset> <fieldset class="smallfont" style="padding: 4px 10px 2px; width: 70%; margin-bottom: 9px;"> <legend>Definition</legend>The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
</fieldset><fieldset class="smallfont" style="padding: 4px 10px 2px; width: 70%; margin-bottom: 9px;"> <legend>Definition</legend>
Like CPI, the RPI reflects the monthly price change in consumer goods and services. RPI differs from CPI in that it only measures goods and services bought for the purpose of consumption by the vast majority of households.
</fieldset>Quoting Sinar FXDislikedwhy gbp/usd moving very slow??Ignored
Quoting NipthePipsDislikedProbably because everyone is waiting on the three news announcments that are suppose to be coming out in like 20 minutes (4:30 AM EST)
<TABLE class=tborder style="MARGIN-TOP: 12px" cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>4:30am</TD><TD class=alt1 align=middle>GBP</TD><TD class=alt1>Consumer Price Index m/m</TD><TD class=alt1 align=middle>http://www.forexfactory.com/images/misc/mi_med.gif</TD><TD class=alt1 align=middle>
</TD><TD class=alt1 align=middle>0.3%</TD><TD class=alt1 align=middle>-0.1%</TD><TD class=alt1 id=collapsecal_eventanalysis_2539 align=middle>[read] </TD></TR></THEAD><TBODY id=collapseobj_eventanalysis_2539 style="DISPLAY: none"><TR><TD class=alt1 style="PADDING-BOTTOM: 11px; BACKGROUND-COLOR: rgb(240,254,237)" width="100%" colSpan=9><FIELDSET class=smallfont style="PADDING-RIGHT: 10px; PADDING-LEFT: 10px; MARGIN-BOTTOM: 9px; PADDING-BOTTOM: 2px; WIDTH: 70%; PADDING-TOP: 4px"><LEGEND>Investica Analysis</LEGEND>
A monthly increase of 0.4% or more would create pressure for higher interest rates.
</FIELDSET> <FIELDSET class=smallfont style="PADDING-RIGHT: 10px; PADDING-LEFT: 10px; MARGIN-BOTTOM: 9px; PADDING-BOTTOM: 2px; WIDTH: 70%; PADDING-TOP: 4px"><LEGEND>Definition</LEGEND>The Consumer Price Index (CPI) measures the rate of inflation experienced by consumers. The reading represents the monthly change in the average price of a fixed basket of goods and services purchased by consumers. Higher inflation generally leads to higher interest rates, which tend to strengthen the country's currency.
</FIELDSET>
</TD></TR></TBODY><THEAD><TR><TD class=alt1 noWrap>
</TD><TD class=alt1>4:30am</TD><TD class=alt1 align=middle>GBP</TD><TD class=alt1>Retail Price Index m/m</TD><TD class=alt1 align=middle>http://www.forexfactory.com/images/misc/mi_low.gif</TD><TD class=alt1 align=middle>
</TD><TD class=alt1 align=middle>0.3%</TD><TD class=alt1 align=middle>0.0%</TD><TD class=alt1 id=collapsecal_eventanalysis_2587 align=middle>[read] </TD></TR></THEAD><TBODY id=collapseobj_eventanalysis_2587 style="DISPLAY: none"><TR><TD class=alt1 style="PADDING-BOTTOM: 11px; BACKGROUND-COLOR: rgb(240,254,237)" width="100%" colSpan=9><FIELDSET class=smallfont style="PADDING-RIGHT: 10px; PADDING-LEFT: 10px; MARGIN-BOTTOM: 9px; PADDING-BOTTOM: 2px; WIDTH: 70%; PADDING-TOP: 4px"><LEGEND>Definition</LEGEND>
Like CPI, the RPI reflects the monthly price change in consumer goods and services. RPI differs from CPI in that it only measures goods and services bought for the purpose of consumption by the vast majority of households.
</FIELDSET>
</TD></TR></TBODY><THEAD><TR><TD class=alt1 noWrap>
</TD><TD class=alt1>4:30am</TD><TD class=alt1 align=middle>GBP</TD><TD class=alt1>CPI excl. Volatile Items m/m</TD><TD class=alt1 align=middle>http://www.forexfactory.com/images/misc/mi_high.gif</TD><TD class=alt1 align=middle>
</TD><TD class=alt1 align=middle>0.2%</TD><TD class=alt1 align=middle>-0.2%</TD><TD class=alt1 id=collapsecal_eventanalysis_2586 align=middle>[read]</TD></TR></THEAD></TABLE>Ignored
Quoting monoDislikedHi Guys
Here the modified TDTL indicator, doing the Mouteki.
Let me know what you think or any bugs.Ignored
Quoting Sinar FXDislikedI hope GBP will spike UP! Since yesterday the price goes up a bit then go down. Its time for GBP to spike up in 15 mins. I HOPE!Ignored
Quoting dailydowDislikedi remeber reading in the early method description that we should think outside the box a little and draw our trendlines from right to left.
I think this means pick the most recent formed resistance support point then with each new bar connect them together easy to do with 4 hour time frame then when new bar opens change it until the setup is there then trade it.
Working back from the new bar so the break out will be the earliet possible entry.
for some reason i couldnt get moutekis last charts of eur/jpy and cad (they were red crossed anyone else have this problem) but i assuming he used this method and got in right at the beginning of the break out as soon as the new resistance point had formed.
If this is the way then an indicator that redraws its lines every new bar would be good.
Anyway great thread thread mouteki and i love the suspense effect keeping everyone coming back for more
PhilipIgnored
Quoting SchpundoolasDislikedI have read through your document. Vey impressive and easy to understand. I have put it into practice, as far as calculating projected prices.
My question is, and I apologise for it being very ignorant but I am new to this- How do you determine which trade to go for? What I am asking is how do you choose wether or not to go for the downtrend or uptrend?
As fr as I understand you have taught us how to calculate the projected prices for both movements, but at the end of the day which trade do you execute?
ThanksIgnored
Quoting dailydowDislikedok tks nipthepips i just noticed there is a alert feature as well on the mouteki indicator just flashed a cad shortIgnored