Hi hany, I've not used this indicator before, but it seems that the red arrow pointing down, is signalling a short trade (sell). You enter with the new candle. Yes, I prefer price to break the trendline and close on the other side. As for the entry ...

Mouteki Trading

Hi Kevin, I usually look for price action when price retraces after the trendline has been broken. Yes, I use DBLHC/HLC and BeOB/BuOB too, for enties.

Mouteki Trading

Hi asen, you'll have to use the highest point (price) between the 2 points for your projected target.

Mouteki Trading

Wow ... talk about a pullback. Oh well, gone long because of the confluence.

Mouteki Trading

Not always ... usually 50-60 pips. Most of the time I trail my stops manually.

Mouteki Trading

Hi asen, both looks good. On my chart, UJ has given a signal a few bars back already.

Mouteki Trading

Not quite Mouteki, but looks like GJ gonna run into some resistance here.

Mouteki Trading

Yup, me too ... ...welcome guys.

Mouteki Trading

When the signal bar is a Price Action setup (BuOB, DBLHC, etc.), chances of it going in your direction are much greater. Not necessarily that it'll hit the projected target in one shot, but it'll get you into positive pips sooner. These setups can ...

Mouteki Trading

Well spotted Mike. Ofcourse I didn't take it:. Price is just a bit too high for me to buy, considering the daily pin. Will be waiting for an entry on the lower timeframes. 243.25 does look like a nice target to aim for.

Mouteki Trading

Hi kuroro001, You don't have to wait for a close above the signal bar. We just want the last to go further than the signal bar (5-10 pips).

Mouteki Trading

Hi asen, yes, I'm aware of the different timezones of the 2 brokers. I do prefer IBFX over NF. If I'm not mistaken, IBFX is GMT. As for "open inside" and "close outside" ... well ... dunno really. You can't break out of something when you're outside ...

Mouteki Trading

Hi opie999, at the time, it was only the pin. Didn't work out as I wanted it to, 'cos we never got a short signal. Instead, we got a long signal on the Daily (pin bar) and we just got a Mouteki signal on the 4hr too.

Mouteki Trading

That's not gonna work on me ... I've got access to your trading journal.

james16 Chart Thread

You can post it in the "General Discussion" thread of "System Trading".

james16 Chart Thread

I've gone short from this 1hr pin. Only time will tell if I got the jump on the signal.:

Mouteki Trading

Looks like we could get a signal soon on GJ.

Mouteki Trading

Hi asen, sorry for the late reply ... just got in. I would've skipped this one, as the "signal bar" openned on the other side of the trendline. I know it's in accordance with the way Mouteki presented it, but I prefer the signal bar to "open inside" ...

Mouteki Trading

It's the bar that closes on the other side of the trendline. In the chart above, the signal bar indicated a trade to go long. So, in this case, we want the next bar to break the high of the signal bar (price has to go higher than the signal bar).

Mouteki Trading

Thank you Hi SEB, According to Mouteki technique, you should've joined points 1 and 2 that's in red. Your entry was perfect, but keep in mind that the signal bar has not been broken yet. I've inserted the new trendline on your chart, as 2 new points ...

Mouteki Trading