Hi HC, That's the Fibonacci Expansion (FE) I'm using. My MT4 didn't have the 50% retracement line, so I manually put it in. Take Care Habeeb

Mouteki Trading

Short signal on cable. Signal bar also formed a BeOB. Target is roughly 200 pips. A few ways of entering this trade ... 1. enter on the break of the signal bar. 2. enter when the current bar openned. 3. enter on a retrace of the signal bar. 4. enter ...

Mouteki Trading

It's my pleasure, guys.

Mouteki Trading

On the weekly chart, we got a big break for a short signal, with a 500 pip projected target. I don't trust these big breaks... they usually don't have enough strength to keep going. We might get a charge at the 159.50 area.

Mouteki Trading

On the 4hr, we did not get a clear signal, but price was riding the trendline, and gave us a BeOB off it, for a short trade.

Mouteki Trading

Hi The Thing, From a Mouteki view, no, I wouldn't take it. At Point "1", I prefer to see both bars on either side, to be below the trendline.

Mouteki Trading

Exit this trade for 0. Short signal just popped up. Market will probably be sideways until NFP. No trading for now. Might as well call it an early weekend.

Mouteki Trading

In you first chart, you used the wrong bar for your second point. Remember, you've got to start from the right to find your 2 points. Can't view the second chart. To save charts in MT4, click on File>SaveAsPicture>select Active Chart>enter 600x600.

Mouteki Trading

Entry on 1hr. Pin Bar off 50fibo and the trendline it broke on the 4hr. (Pin Bar not so perfect though). Target 1.2095.

Mouteki Trading

Long signal on swissy.

Mouteki Trading

hehehe ... after-all, we do come from the same school. Took some profit close to the weekly pivot. Missed short entry by 11 pips on 1hr. Scalping with the dips.:

Mouteki Trading

With the new bar being formed, a new Mouteki line has come into play. If broken, the projected target is roughly 450 pips (246 area, taken from the trendline).

Mouteki Trading

Long 4hr signal and 1hr entry, going with the direction indicated by the Daily Pin Bar. Only worry is the huge bearish bar of last week ... so the full projected target might not be reached. Targetting the 244 area for TP.

Mouteki Trading

Nice entry point would've been from this 1hr Pin Bar, off the Daily Pivot, with a 38fibo confluence and the trendline it broke on the 4hr.

Mouteki Trading

Got a buy signal earlier. Projected target is roughly 650 pips. Bar after the signal bar formed a Pin Bar which hinted at you to get out if you were in a long position already.

Mouteki Trading

Hi giogio15, When I draw Mouteki lines, I like to see the 2 bars on either side of the 2 points, to be below/above the Mouteki line. In your chart, the first point had it's second bar already above the Mouteki line, which will not give you a true ...

Moutek made me go wrong or i have made mistake in analysis?

Hi DaTrader, You'll have to change the "Use_Sunday_Data" input to "False", as shown in the pic.

Automated Daily/Weekly Pivots here

Hi Atef, it's the best thing you could ever have done.

Mouteki Trading

Hi Asen, Don't think I'll be able to find the correct words to explain, so I'll just post some trades here, with charts for you to follow. If you've got any questions as we go along, just ask. The last few trades have been Mouteki signals, with PA ...

Mouteki Trading

GBPUSD — Short signal on cable a few bars back. Price just made a retracement pin of the breakout bar. Using Fib Expansion to scale out of this trade. Final target is 2.0360 area.

Mouteki Trading