Mouteki systems - page 3
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Hi
is this the indicator ?
pls someone explain how to use it...coz i'm not focus on it...
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Forex Indicators Collection
Helo guys...
I post this system.. after i try it for 5 months.. with a great result...
it's not a new system you can find the material in this link.. the name is Mouteki.
http://www.forexfactory.com/forexforum/showthread.php?t=8464
the most thing i do not comfortable is the TP and SL... sometimes you will have 200 pips TP... when you have 150 pips of profit.. then the price against your position...
so i made a little observation at november 2006, and i found the best tp and sl is using FIBBONACHI LEVEL WEEKLY. i did bactest my system from january 2006.
and i amaze with the result... it almost 5000pips... !! it can make your account grow 500%!!
another problem comes out... this system need a good filter...
i use stochastic dinapoli... i use macd dinnapoli...
but now.. i use another trading system...
Tkimble post it at this link
http://www.forexfactory.com/forexforum/showthread.php?t=10511
and what's next?
here is my basic..rule of mouteki
remember.. i always entry based on mouteki rule
1. I always use Weekly Fibbonachi level as my Target Price and Stop Lost
2. My Target price is always above the second level of weekly fibbonachi for LONG of my Open Position
3. My target is always below the second level of weekly fibbonachi for SHORT of my Open Position
4. My stop lost is always at the second second level above of weekly fibbonachi for SHORT
5. My stop lost is always at the second second level below of weekly fibbonachi above for LONG
6. Sometimes You go Short.. but then Mouteki give Long Signal.. Confirm it with Stoch Daily 4H and although your stop lost didn't HIT.. just quit, and wait for reversal direction
7. Beware of Major News...
8. i trade only GBPUSD
with this system my account rising 30% average per month
the good of this system, it used 4hr .. so you can only watch your trade every 4hr..
we will talk about tkimble filter in next chapter
so i'd like to show you my chart trading for last week based on my modif system
once again i need advise from all of you.. especially senior member to improve this to be a better system
At this trade.. we have SHORT Signal at 1.9784 and tp at 1.9637..
well 174 pips.. not bad..what broker chart do you use? is it GMT ?
Hi stevenali,
Re your post numbers 1 & 2.
Steve, you have a readout on the chart pics showing a varity of times. Is this an indicator and if so can you zip it up and post it here?
Thanks mate....
draw fibbo
Can you explain how you draw the weekly fibs?
you can do these
1. open 4hr gbpusd
2. click f8
3. choose common
4. show period separator
5. every week is separated by vertical line
6. draw fibb using hi low previous week
fxdd
what broker chart do you use? is it GMT ?
i use fxdd.com
clock indicator
Hi stevenali,
Re your post numbers 1 & 2.
Steve, you have a readout on the chart pics showing a varity of times. Is this an indicator and if so can you zip it up and post it here?
Thanks mate....i will post the indicator as i go home (still out town now)
but you can download that indicator from BATFINK STRATEGY, one thread at forex fatory
Hi stevenali,
Re your post numbers 1 & 2.
Steve, you have a readout on the chart pics showing a varity of times. Is this an indicator and if so can you zip it up and post it here?
Thanks mate....I think this is the indicator you are looking for.
one trade
at least.. we have one trade this week with nice result..
SELL at 1.9632
tp at 1.9549
sl at 1.9686
Helo guys...
I post this system.. after i try it for 5 months.. with a great result...
firstly thanks for sharing your knowledge.
As you know,The Moutki system was introduced at FF about 3 months ago and first post was at 09-08-06 ,So may you say please :
how you have tried this system for 5 months?
at least.. we have one trade this week with nice result..
SELL at 1.9632
tp at 1.9549
sl at 1.9686Please can you show with charts if possible how you draw the fibos?
For example using the same platform as you did, my fibo using
last week GBPUSD 4 hr is completely different. In fact mine does not even have the 74.6 horizontal line.
Since the SL and TP is depended on this, I believe it is critical to understand
this aspect of the trade.
Thanks