Please post a chart. I dont see that at all...

Mouteki Trading

Another nice way to validate entry is to check what the sister pair is doing. EURGBP is NOT giving an entry long at this time. Inverse pairs. Therefore, no trade at this time. My 2. regards

GBP/CHF

Hi Sanchez, When I wrote that, the last candle in my chart was still forming. If it had closed higher than 8748, it would have closed higher than the candle which is NOW the most recent swing high, and since we need TWO candles on EITHER side of the ...

Mouteki Trading

Very perceptive phoenix, I think I'd have to agree with you. That does make sense. He also states that he rarely trades on Monday, but rather sets up to 'trap' the market with fresh demand and supply lines.

Mouteki Trading

GBPUSD setting up nicely... — If the current candle closes below 18748, (on my platform, yours will differ), in the 1 hour and 50 minutes remaining, we will have a new swing high, and a new trendline. If the next candle opens above this ...

Mouteki Trading

Hi phoenix, I think you're right. Thats the nice thing about LIVE trading compared to backtesting: 4 hour candles actually take 4 hours to form!!!

Manual Backtesting Charts

Spot on phoenix, I've been thinking the same thing. The key to making this system even more successful is to use multiple lots, and have take profits all along the the projection line.

Manual Backtesting Charts

Not bad...

Manual Backtesting Charts

547 pips? — Have to see what happens here...

Manual Backtesting Charts

This next trade could be a monster! 547 pip projection!!!

Manual Backtesting Charts

Reverse signal generated, long taken at 17556:

Manual Backtesting Charts

Ouch!!!

Manual Backtesting Charts

Alright, Demand line break, short. Two targets. One, in gold, the original way, the second, in cyan, using the highest close above the demand line to create the price projection...

Manual Backtesting Charts

Yes that's an interesting thought Hans, would make the targets lower, but also more achievable at times.

Manual Backtesting Charts

Yep, nice quick 76 pip trade going the other way!!!

Manual Backtesting Charts

Max. profit on this one was 131 pips, 28 short of our projection. Then it turned and would have stopped us out. Again, being up 131 pips, there is NO WAY I would only take 10 from this trade. Discretion is a must with this system, in my opinion. And ...

Manual Backtesting Charts

Now what? Still in the trade? I'd hold on to this one. Still looks good...

Manual Backtesting Charts

Alright Daerus, so lets say we stay in the trade then...looking good...

Manual Backtesting Charts

Hi Hans, Why short, and which candle, please explain. Thanks

Manual Backtesting Charts

Now look. We have a new swing low, so we need to redraw our trendline. Do we remain in the trade??? I would bail. That would be -10 pips. But I don't think Mouteki himself has addressed this issue. Anyone know if I'm wrong about that, please correct ...

Manual Backtesting Charts