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Mouteki Trading

I agree-Thanks Peter for all of your input. I understand your point. Perhaps only the Threadmaker should post and only ?'s should be submitted. I appreciate all viewpoints.


Quoting Sinar FX
We don't want you to disappear. We all newbie still need you and to learn new thing/advise from you..
Trade what you see - Not what you think
I will repeat my post since nobody answered it as of yet:

Could someone please check slide 24 in the powerpoint presentation and tell me why he did not draw a vertical line through the blue candle with the highest peak to determine the intersection point with the demand trend line. But instead uses the red candle after the blue one to determine the intersection point. He does that often in the slide show.
<!-- / message -->I assume you already know why, if not then i really don't see how you can use that method since its an important distinction and could affect your take profit point.

Just my two cents.
Quoting Thebigmo
I will repeat my post since nobody answered it as of yet:

Could someone please check slide 24 in the powerpoint presentation and tell me why he did not draw a vertical line through the blue candle with the highest peak to determine the intersection point with the demand trend line. But instead uses the red candle after the blue one to determine the intersection point. He does that often in the slide show.
<!-- / message -->I assume you already know why, if not then i really don't see how you can use that method since its an important distinction and could affect your take profit point.

Just my two cents.
My chart (in slide 24) does not include a vertical line at all. Could you recheck or post the chart? He does seem to draw horizontal line below the red candle (right to the highest high bar), which is not what we are waiting for. I think you have a point here.

nchosen
I know it does not include a physical vertical line, i meant that we usually draw that vertical line either physically or visually through the bar of the highest peak in the demand trend line and then we look for the interception of that line with the demand trend. However more than once he uses other candles also to determine the intersection point which can affect your pip calculation, sometimes significantly.
Quoting Thebigmo
I know it does not include a physical vertical line, i meant that we usually draw that vertical line either physically or visually through the bar of the highest peak in the demand trend line and then we look for the interception of that line with the demand trend. However more than once he uses other candles also to determine the intersection point which can affect your pip calculation, sometimes significantly.
I think you are right here. Can you point other slides too?

nchosen

I checked myself and I think slide #29 has also a false vertical line. The right one is next to right. Lowest low is still right. Right - eh?

nchosen
Like look at slide 24 and compare that with slide 40, big difference. I am not sure that timing has anything to do with it, but lets see.


This trading style is very close to my trading style so i am very interested in understanding it well.
Did anyone go LONG AUD/USD an hour ago?

nchosen
I went long aud/usd at 0.7535
Quoting fxbrazil
I went long aud/usd at 0.7535
I opened it @0.7534. It is currently going against us, but we'll see...
Quoting nchosen
Did anyone go LONG AUD/USD an hour ago?

nchosen
I am!
chart audusd, why you went long?
could you explain it thx bj
Attached Image
BJ
Quoting brainjt
chart audusd, why you went long?
could you explain it thx bj
Here is my chart for AUD/USD and my settings.
Attached Image
Hi all,

A question to the thread about the slope of demand and supply lines.

In Mouteki's document he states clearly that "we construct an ascending line to represent demand and a descending line to represent supply".

In the gbp/usd chart below I have drawn a yellow demand line and a blue supply line, and have also drawn a white supply? line.

Mouteki also states that "recent price activity is more significant than historical price activity".

The bar at the end of the white line meets the requirements of having two bars on either side with lower highs, and this price action is more recent than the bar at the end of the blue line, which would make it more significant?, but the slope of this line is up.

I guess this would be more like a channel breakout system?

Wouldn't the fact that Mouteki uses the terms supply and demand lines instead of uptrend and downtrend lines make it feasable that a supply line could slope upward and a demand line could slope downward?

My thinking may be all backwards here so I'm hoping someone will straighten me out if so.

Thanks
Jimmy
Attached Image
Quoting dangerman
Hi all,

A question to the thread about the slope of demand and supply lines.

In Mouteki's document he states clearly that "we construct an ascending line to represent demand and a descending line to represent supply".

In the gbp/usd chart below I have drawn a yellow demand line and a blue supply line, and have also drawn a white supply? line.

Mouteki also states that "recent price activity is more significant than historical price activity".

The bar at the end of the white line meets the requirements of having two bars on either side with lower highs, and this price action is more recent than the bar at the end of the blue line, which would make it more significant?, but the slope of this line is up.

I guess this would be more like a channel breakout system?

Wouldn't the fact that Mouteki uses the terms supply and demand lines instead of uptrend and downtrend lines make it feasable that a supply line could slope upward and a demand line could slope downward?

My thinking may be all backwards here so I'm hoping someone will straighten me out if so.

Thanks
Jimmy
If you want to use the white line, then you have to wait for significantly strong trend in the upward movement to break that line before you get a buy signal. By that time, the market is probably going to be exhausted from previous price projection.
Quoting nitman
If you want to use the white line, then you have to wait for significantly strong trend in the upward movement to break that line before you get a buy signal. By that time, the market is probably going to be exhausted from previous price projection.
nitman,

Point well taken, I see what you are saying and you're probably right.

Thanks
Jimmy
Tom DeMark defines a Demand line as line drawn from right to left connecting the most recent swing low with the second most recent swing low that is lower than the right one. According to this a line drawn above price cannot by definition be a demand line, nor can the white line be a supply line, because it is the wrong slope

The opposite is true for a supply line.
Quoting PeterFM
As there may be some debate, sometime, about the S/D lines and should they be sloping up or down in order to qualify, I thought I'd point you all to this site, and this page in particular. Please note the opening comments on this page. Although the site's focus will be, primarily, on stocks and/or indexes (indices?) I think they may still have value for us.

It's important to realise that, at any given time, slopes may not fit the desired angle (or what we think should be that angle). When lines are running in a similar direction, not necessarily parallel, they create a wedge formation.

It's worthwhile studying this as it will help you look at the charts correctly, rather than, maybe, drawing your lines just to make them slope up or down.

http://www.decisionpoint.com/tacourse/Wedge.html

Hope it helps

Peter
Thanks Peter and sm,

I thought I was barking up the wrong tree with that, and am glad to have your inputs. The site describing the wedge formations and how they might play into your decision for entering a trade is good.

So, demand lines slope up and supply lines slope down, but lines that might help us visualise other patterns can also help us see where price might be more likely to go.

Thanks again
Jimmy
Quoting dangerman
Thanks Peter and sm,


So, demand lines slope up and supply lines slope down, but lines that might help us visualise other patterns can also help us see where price might be more likely to go.

Thanks again
Jimmy
Yes perhaps this is true. Anything that helps to bring confidence to the trade, but technical formations do not appear to be a part of this method...
However, I personally think they are valid confluences... thanks scott
Quoting smjones
Don't you mean left, not right...
When I counted...I counted 13 candles to the right of the second candle that he chosen (second as in point B)
Nothing is hard, some things just take more time and discipline.
This is what I think he was referring to

http://img126.imageshack.us/img126/3078/gbprk0.gif
Nothing is hard, some things just take more time and discipline.
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