Let's look at what we know. Horace has recently quoted statements made by Mouteki about the system. We must assume what Mouteki says is true. So, if what he says is true this becomes fact. The fact is we trade on 4hr charts and no less. We know not ...

Attacking the problem of different timezones and the delay to enter trades

Much Ado About Nothing — I don't understand this thread. It seems to me there's a simple solution. Change your broker/charting software. "Duh, stupid, what an idiot" I can hear you now. But, really i'm not trying to be sarcastic or rude, but ...

Attacking the problem of different timezones and the delay to enter trades

Should we be taking a step back and looking at current price action on higher time framed charts? If so one may not have taken that trade because that sell off was right through the neckline of a h & S on the daily chart, so at that point it may ...

Learning From Unsuccessful Mouteki Trades - The Search for Filters...

Good points dracozny. One thing that I plan on doing this weekend is studying the charts he has presented to us. I will be looking for constants, similarities, discrepancies, etc.. I will also compare those with some of our posted failed trades. I ...

Learning From Unsuccessful Mouteki Trades - The Search for Filters...

Was there some kin d of exhaustion of the sell-off that kept him out of the first short. Something with the length of the breakout candle in relation to your potential profit. Maybe he has a risk:reward filter.

Learning From Unsuccessful Mouteki Trades - The Search for Filters...

One thing I noticed is that on the second short not taken the breakout candle was not surpassed by the entry candle, which as you know is one of the Demark filters discussed earlier. With that said, I have seen Mouteki's trades where this is the ...

Learning From Unsuccessful Mouteki Trades - The Search for Filters...

"The search for a filter continues, and by the by, when I mean filter, I don't mean stochs and rsi and macds' and all that other lagging crap. I am looking for clues in PRICE to filter my trades. I will not destroy the simplicity of this system by ...

Learning From Unsuccessful Mouteki Trades - The Search for Filters...

The next candle after the breakout candle did not drop below the breakout candle.

Learning From Unsuccessful Mouteki Trades - The Search for Filters...

I would wait for conformation of the last candle high before entering this trade.

Mouteki Trading

Looks like a valid set up to me! I fully understand your pov on the two different kind of tl breaks. Mouteki said he uses price action only as an indicator. In your present loonie short there is possibly a 1-2-3 forming with the 2 at the 2nd tl ...

Learning From Unsuccessful Mouteki Trades - The Search for Filters...

I understand and I am on board to finding appropriate filters. I would also like to know and find out what Mouteki's filters are. With that said, it is my belief that we as traders sometimes must be forced to find our own method or tweak another ...

Learning From Unsuccessful Mouteki Trades - The Search for Filters...

I thought you enter right when the bar opens and do not wait otherwise you will have lost profits. This was my undrstanding anyways.

Learning From Unsuccessful Mouteki Trades - The Search for Filters...