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Mouteki Trading

  • #621
  • Sep 14, 2006 3:58pm Sep 14, 2006 3:58pm
Quoting 8toenails
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?
Sorry my bad!!! I meant the break that is about to happen to the upside. Please connect the two most recent points giving you a downtrend and you will see what I mean.
  • #622
  • Sep 14, 2006 4:03pm Sep 14, 2006 4:03pm
Million dollar question.


Where is mouteki?
  • #623
  • Sep 14, 2006 4:05pm Sep 14, 2006 4:05pm
Anyone else following other currency pairs for this trade setup?
  • #624
  • Sep 14, 2006 4:13pm Sep 14, 2006 4:13pm
Quoting Thebigmo
Million dollar question.


Where is mouteki?
Since he started this thread last friday night. Hopefully we'll see more from him this weekend.
  • #625
  • Sep 14, 2006 4:18pm Sep 14, 2006 4:18pm
Quoting Jordan Grecco
Sorry my bad!!! I meant the break that is about to happen to the upside. Please connect the two most recent points giving you a downtrend and you will see what I mean.
Hi Guys, my first post here,but have been watching intently for a little while,
My question to you jordan grecco is are you sure you can put downtrending line on that chart as yet? one of the points i assume you are using as your point A the cnadle that is the third to the left at the moment? I would have thought it isn't a valid candle until the present candle closes giving you 2 candles to the left and 22 candles to the right, after all the current candle could very well make a new high and be the point A in 3 more candles time?
Anyway this is just my observation.
cheers
geoff
  • #626
  • Sep 14, 2006 4:23pm Sep 14, 2006 4:23pm
Quoting lglyons
Anyone else following other currency pairs for this trade setup?
Yes the system works on all of them. With Stops, Filters and Money Managment of course.

Make a chart for all of the pairs your Work Station supports and plot the Support and Resistance Lines. If you use a Fractal indicator it will make this task easy. You can then see all of the trades in progress. This will only take you a couple minutes.

In my opinion thats the beauty of this system.
  • #627
  • Sep 14, 2006 5:11pm Sep 14, 2006 5:11pm
Quoting Jordan Grecco
Sorry my bad!!! I meant the break that is about to happen to the upside. Please connect the two most recent points giving you a downtrend and you will see what I mean.
Oh, that one! I'm watching that one too. "IF" it breaks then I'm considering hedging my position. We shall see. I have a while to consider my options.

Watch out for a eurjpy short coming soon... possibly! It's up against some good resistance as well.
  • #628
  • Sep 14, 2006 5:12pm Sep 14, 2006 5:12pm
I think Mouteki and Peter left for their own private forum leaving his flock to fend for themselves their own.
Trade what you see - Not what you think
  • #629
  • Sep 14, 2006 5:25pm Sep 14, 2006 5:25pm
anybody shorting the pound? does anybody take trades in asian session?
Cadillac Pippin
  • #630
  • Sep 14, 2006 5:28pm Sep 14, 2006 5:28pm
potential buy on the swissy. and the yen is consolidating, might mean for a good breakout.
Cadillac Pippin
  • #631
  • Sep 14, 2006 5:38pm Sep 14, 2006 5:38pm
Watch out for the news:
<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>4:50pm</TD><TD class=alt1 align=middle>JPY</TD><TD class=alt1>Tertiary Industry Index m/m</TD></TR></THEAD><TBODY></TBODY></TABLE>
"Loss and failure are inevitable but misery is optional"
  • #632
  • Sep 14, 2006 7:03pm Sep 14, 2006 7:03pm
Quoting 8toenails
Oh, that one! I'm watching that one too. "IF" it breaks then I'm considering hedging my position. We shall see. I have a while to consider my options.

Watch out for a eurjpy short coming soon... possibly! It's up against some good resistance as well.
It looks like we now have a decision to make about the USDJPY. Stay in the previous short? Exit that one and reverse? What say the masses? We now have a "new" lower trendline as well.
  • #633
  • Sep 14, 2006 7:05pm Sep 14, 2006 7:05pm
A new candle opened above the trendline...I'm in
"Loss and failure are inevitable but misery is optional"
  • #634
  • Sep 14, 2006 7:12pm Sep 14, 2006 7:12pm
i wonder if it's better to take these trades ealier in the week, seeing as some take a while to pay out and i'm not a fan of having a trade in over the weekend....just another question for moutekitrader eventually
  • #635
  • Sep 14, 2006 7:28pm Sep 14, 2006 7:28pm
Quoting carmel
A new candle opened above the trendline...I'm in
Could you possibly post a chart to show the price has closed thru a trendline and a new candle has opened as well??????????

i dont see it on my chart

cheers
geoff
  • #636
  • Sep 14, 2006 7:44pm Sep 14, 2006 7:44pm
Quoting 8toenails
It looks like we now have a decision to make about the USDJPY. Stay in the previous short? Exit that one and reverse? What say the masses? We now have a "new" lower trendline as well.
Hi
If I am in a trade and the pips are negative and I have a signal to change direction I would exit the short with loss and go long.
Just my opinion.
Cheers.
  • #637
  • Sep 14, 2006 7:47pm Sep 14, 2006 7:47pm
Quoting geoffrod
Could you possibly post a chart to show the price has closed thru a trendline and a new candle has opened as well??????????

i dont see it on my chart

cheers
geoff
I do not have an entry long either...different broker...mine is alpari
Attached Image
  • #638
  • Sep 14, 2006 7:57pm Sep 14, 2006 7:57pm
I haven't figured out how to post a chart yet, but the VT Platform is the one I am using. The two Demand (uptrend) candles used are the ones on 9/11 at 00:00 and 9/14 at 12:00 EST. I now notice that Metatrader shows it too...
"Loss and failure are inevitable but misery is optional"
  • #639
  • Sep 14, 2006 8:04pm Sep 14, 2006 8:04pm
Quoting carmel
I haven't figured out how to post a chart yet, but the VT Platform is the one I am using. The two Demand (uptrend) candles used are the ones on 9/11 at 00:00 and 9/14 at 12:00 EST. I now notice that Metatrader shows it too...
Hi
Post 8 and post 14 of this thread have pointers to upload charts.
I do not know VT but MT4 is simple as you can save them as a 600x600 gif...save that to desktop then attach the saved file thru 'additional option' section on FF and voila.....you have a nice chart!!!
Cheers
Antra
  • #640
  • Sep 14, 2006 8:09pm Sep 14, 2006 8:09pm
First post here at FF, hope the chart shows up alright.




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