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    • jumper replied Oct 4, 2006

      I can't be sure... is the first point (labelled 2nd S) of your supply line a valid resistance? Also, the first point (labelled 2nd D) of your demand line is not valid yet.

      Mouteki Trading
    • jumper replied Oct 4, 2006

      I got out of that trade already as I thought I cited a possible reversal. So since I don't want to get stopped out at +10 (just my premonition ), I exited somewhere near the current top.

      Usd/Cad...Mouteki
    • jumper replied Oct 4, 2006

      If I may say something in fairness, Sirwolf doesn't seem to be letting his losses run and cutting his winnings short. He mentioned he always uses a 30 pip SL, and a 40 pip/50 pip TP. This is larger than a 1:1 reward:risk and since he did not say ...

      Is Mouteki really profitable??
    • jumper replied Oct 4, 2006

      I think there is an ample number of trades that succeeded even though the bar did not open below/above the previous low/high. However if this condition is fulfilled, I guess it may lend more weight that this signal is indeed a relatively strong one. ...

      Mouteki Trading
    • jumper replied Oct 4, 2006

      See again the chart below. Somehow when this pattern occurs, the trade usually fails. I had a premonition when I saw that slight retracement (that innocent-looking, cute little blue stub of a candle) after the candle opened.

      Mouteki Trading