He does not use the same candle to determine the highest peak during the demand trend to determine the intersection point. But uses the next candle.
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Quoting JBBDislikedI think all examples in Mouteki's PPP and Word document done on the historical data, not live. At least Word document is 100% historical. I don't know if it's as good as live examples.
Now fractals. It seems no one took my advice to add fractal indikator to the chart (post 156). I did and it makes my life much easierIgnored
Quoting minuteDislikedProbably because we had no idea what one was, but I looked it up
Fractal definition: A fractal is a formation where you have in the case of a high:
One higher candle with two lower candles on either side.
For a low it is the opposite.
when someone first mentioned it I didn't put 2 and 2 together, but this is what we are using to connect our trendlines.
Hope this clears this up for someone.Ignored
Quoting optimuDislikedI want to ask if the time zone influences the way of trading. I think mouteki is GMT-6, and I'm GMT+2, and when I look at the 4H chart's that mouteki posts as examples and I look at metatrader chart(FXDD) they don't look the same. Can some one tell me if this influences how you should trade or not?.
Thank you.
Optimu.
Ignored
Quoting divinefundDislikedThe PPT presentation is in page 7 post 104 and page 8 post 106.Ignored
Quoting optimuDislikedwhen I look at the 4H chart's that mouteki posts as examples and I look at metatrader chart(FXDD) they don't look the same.Ignored
Quoting divinefundDislikedAm I right to say with fractal indicator in place, it is easy to draw the trend lines. That is draw supply line from the blue arrow or draw demand line from red arrow.Ignored
Quoting PeterFMDislikedThe method used here is based on 4 hour charts. I've said before that more methods get ruined by messing around with them. If you want to try hourly charts go ahead, start a new thread if you want to, but please ask only questions related to 4 hour set-ups based on Mouteki's method.
Thanks
Sorry if I'm a bit short but you're not the first to ask this question.
PeterIgnored
Quoting JUMPP_FX15DislikedHello to everyone...
I was wondering, does anyone have an alert or signal, which will activate once a trend line has been broken, and the next candle has opened (below/above the line)?
Is there anything out there like this?
Best Regards.Ignored
Quoting minuteDislikedWell done on the trade, but I think the point Peter is trying to make is that the system is as such and with people trying to learn it it just goes off the rails with all the variations that invariably occur.
There are 2 points of difference with your trade. I it's on the hourly and 2 with Mouteki system you don't enter the trade until the candle opens above the line.
At least that's what I see.
Secretly I myself am using other stuff and variations to Mouteki with it, but I won't post that on the forum for the reason explained above.Ignored
Quoting minuteDislikedI see the second point 14 candles to right of yours.Ignored
Quoting PeterFMDislikedWell done on your trade
And you're right, it's not my thread. All I'm trying to do is stop it becoming diluted with stuff not relevant to the guy's method.
It's a simple, elegant trading method and do we really want to see all the usual stuff that complicates most of the other new systems on the forum.
Anyway, if Mouteki would prefer me not to post my comments in his thread I am happy to disappear into the sunset.
Over and out
PeterIgnored
Quoting minuteDislikedI see the second point 14 candles to right of yours.Ignored
Quoting PeterFMDislikedWell done on your trade
And you're right, it's not my thread. All I'm trying to do is stop it becoming diluted with stuff not relevant to the guy's method.
It's a simple, elegant trading method and do we really want to see all the usual stuff that complicates most of the other new systems on the forum.
Anyway, if Mouteki would prefer me not to post my comments in his thread I am happy to disappear into the sunset.
Over and out
PeterIgnored