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Mouteki Trading

BTW, you can download the magazine from www.currencytradermag.com




http://www.currencytradermag.com/
You want Fryes with that?
Nitman,

The Currency Trader article does in fact talk about price projections, exactly as described by Mouteki. See page 27 and Figure 4.
How do you read this -- do you have to subscribe first?

Quoting Fryes
BTW, you can download the magazine from www.currencytradermag.com





http://www.currencytradermag.com/
The technique in the mag is about stocks not currency and is about really breakouts. Remember these magz are for rich folks who trade long period.
Quoting peterdxb
Short breakout on USD/JPY
Hi there,

would you mind posting your chart so I can follow what you see as a breakout. I don't see a short breakout on USDJPY and I wanted to see if I am reading my charts incorrectly. Also if someone else sees the breakout I would appreciate if they could post their chart. Thanks in advance!
Quoting Thebigmo
The technique in the mag is about stocks not currency...
The charts used in the article are EUR/USD 1hr & Daily.

Quoting Thebigmo
Remember these magz are for rich folks who trade long period.
This e-mag is free simply by subscribing.

In case anyone forgot, this is a quote from Mouteki's Opening Post.
"
Like I said before I have tried a lot of things and what I will share in this thread is what I have been doing for the past three years on my own and it is bringing me success.
"
Man it always comes to this doesn't it? I am going to delete some posts, to keep things congenial. It does not matter where this came from. Mouteki has put a great deal of effort into this and I applaud it.. thank you Mouteki.

Now that is enough of this kind of denigration. Lets move on...

Scott
Moderator
Quoting Bemac
The charts used in the article are EUR/USD 1hr & Daily.

The article says clearly the analysis is based on stocks. Read the article again, they just used forex charts to analyse on. Most of the articles there are fundementals and long term. How many hear care about the yuan or dollar future projection. Thats all i meant.



This e-mag is free simply by subscribing.

In case anyone forgot, this is a quote from Mouteki's Opening Post.
"
Like I said before I have tried a lot of things and what I will share in this thread is what I have been doing for the past three years on my own and it is bringing me success.
"
The article says clearly the analysis is based on stocks. Read the article again, they just used forex charts to analyze on. Most of the articles there are fundementals and long term. How many hear care about the yuan or dollar future projection or how forex trading has been faring for the last 10 years. Thats all i meant
Quoting Jordan Grecco
Hi there,

would you mind posting your chart so I can follow what you see as a breakout. I don't see a short breakout on USDJPY and I wanted to see if I am reading my charts incorrectly. Also if someone else sees the breakout I would appreciate if they could post their chart. Thanks in advance!
JG,

This is my chart on the usd/jpy short breakout.

The shaded bar is the bar that opened below the demand line. The highest high is the top vertical line 118.15, and the vertical line intersects the demand line at 117.01, which would give a target price of 114 pips below the opening of the shaded bar. 117.47 - 114 pips = 116.33.

Thats my take anyway.
Attached Image
Quoting smjones
Man it always comes to this doesn't it? I am going to delete some posts, to keep things congenial. It does not matter where this came from. Mouteki has put a great deal of effort into this and I applaud it.. thank you Mouteki.

Now that is enough of this kind of denigration. Lets move on...

Scott
Moderator
I was going to ask you that, people just don't know how to behave and it's sad...
Regarding post 608, its my understanding that we take the trade on the opening of a new candle above the trend line. Is this how you understand it?
"Loss and failure are inevitable but misery is optional"
Quoting carmel
Regarding post 608, its my understanding that we take the trade on the opening of a new candle above the trend line. Is this how you understand it?
carmel,

My understanding is this: The upward sloping demand/trendline represents support, so a short would be initiated on a break of this recent support, or a bar opening below the demand/trendline. If we had drawn a supply line (a downward sloping line that represents resistance, then a long trade would be initiated on an upward break of the supply/trendline when a new bar opened above that line.

Hope that helps
Jimmy
Quoting dangerman
carmel,

My understanding is this: The upward sloping demand/trendline represents support, so a short would be initiated on a break of this recent support, or a bar opening below the demand/trendline. If we had drawn a supply line (a downward sloping line that represents resistance, then a long trade would be initiated on an upward break of the supply/trendline when a new bar opened above that line.

Hope that helps
Jimmy
Actually here's a chart with the most recent support line drawn also. If a short trade was taken and price moved against it there might be an opportunity to stop and reverse on an upward break of the resistance represented by the supply line.
Attached Image
Quoting dangerman
JG,

This is my chart on the usd/jpy short breakout.

The shaded bar is the bar that opened below the demand line. The highest high is the top vertical line 118.15, and the vertical line intersects the demand line at 117.01, which would give a target price of 114 pips below the opening of the shaded bar. 117.47 - 114 pips = 116.33.

Thats my take anyway.
Nothing personal but I tend to disagree with the two points that you have picked. According to Mouteki you should pick the two closest points. In this case going from point A that you picked, you should go over 11 bars (not counting the point A bar) Now ofcourse the slope is quite different and I know there is something in this thread about the S/D line having to go a certain way. Anyway, once again if someone else can shed some light on this it would be greatly appreciated. Thanks!
Quoting Jordan Grecco
Nothing personal but I tend to disagree with the two points that you have picked. According to Mouteki you should pick the two closest points. In this case going from point A that you picked, you should go over 11 bars (not counting the point A bar) Now ofcourse the slope is quite different and I know there is something in this thread about the S/D line having to go a certain way. Anyway, once again if someone else can shed some light on this it would be greatly appreciated. Thanks!
Hey, no problems here with disagreement.

If you're saying what I think you are, I had a similar question regarding how to draw demand and supply lines and the slope of them.

Take a look at my post here, post #512:
http://www.forexfactory.com/forexfor...&postcount=512

I got some good responses from others that clarified things in my mind.

At least I think this is what your're talking about. If not I apologize.

Jimmy
Quoting Jordan Grecco
Nothing personal but I tend to disagree with the two points that you have picked. According to Mouteki you should pick the two closest points. In this case going from point A that you picked, you should go over 11 bars (not counting the point A bar) Now ofcourse the slope is quite different and I know there is something in this thread about the S/D line having to go a certain way. Anyway, once again if someone else can shed some light on this it would be greatly appreciated. Thanks!
Jordan,
I think Dangerman picked the correct points. Can you please post a chart with your choices? Counting from Left to Right 11 bars I don't see anything that could be considered support or resistance bar.
Quoting nutmg12
Jordan,
I think Dangerman picked the correct points. Can you please post a chart with your choices? Counting from Left to Right 11 bars I don't see anything that could be considered support or resistance bar.
Hi Nutmg12,

According to Mouteki Point A would be the first point that you choose starting from the right. Hence going to point B would be going 11 bars to the left of point A. I hope this is clear.
Quoting Jordan Grecco
Hi Nutmg12,

According to Mouteki Point A would be the first point that you choose starting from the right. Hence going to point B would be going 11 bars to the left of point A. I hope this is clear.
I hate to break it to you fellas... but Dangerman is correct. If you were to take your own advice and go 11 bars to the left then would the slope of the line be up or down viewing it from left to right? It would be down. This wouldn't qualify as an "uptrend".

Don't get my assessment of the slope confused w/ creating the trendline from right to left. That is something different that Mouteki has done a wonderful job beating into our minds.

Great job on the assessment Dangerman!
Quoting 8toenails
I hate to break it to you fellas... but Dangerman is correct. If you were to take your own advice and go 11 bars to the left then would the slope of the line be up or down viewing it from left to right? It would be down. This wouldn't qualify as an "uptrend".

Don't get my assessment of the slope confused w/ creating the trendline from right to left. That is something different that Mouteki has done a wonderful job beating into our minds.

Great job on the assessment Dangerman!
You're two toenails short of having complete feet (your name suggests) so I don't know if I should take you seriously ...

Hope you know I am just kidding. Makes sense what you are saying though. What do you think of the USD JPY downtrend signal forming?
Quoting Jordan Grecco
You're two toenails short of having complete feet (your name suggests) so I don't know if I should take you seriously ...

Hope you know I am just kidding. Makes sense what you are saying though. What do you think of the USD JPY downtrend signal forming?
No harm, no foul!

I thought the usdjpy signal was the one we were already discussing. :|

In accordance w/ THE method, the opening of the 1600 candle would have been our entry. That's the assessment of the chart IAW Mouteki's method that I was referencing... and it is a correct assessment. Whether or not the trade goes in our favor is another story.

Is that what you were asking?
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