Thanx guys ... have to keep up with the latest developments. When I joined ... darn ... can't even remember what I did back then.

james16 Chart Thread

A bit off-topic, but I see that there are 3 steps when you sign-up for the PF. The first step is accessible ... does anyone know what steps 2 and 3 are? Thanx Habeeb

james16 Chart Thread

Probably 'cos it moves alot. Try North Finance, Alpari or StrategyBuilderFx.

Spot Gold spreads so high

Hi hobnob, and welcome. it's short for "retracement".

james16 Chart Thread

Here's the 4hr cable chart with the supply/demand lines. If we get a signal with the current bar, I don't think it'll be such a good idea to trade it, if you're using small stops. NFP is about 30 minutes later.

Mouteki Trading

I've drawn the support line on my chart below, 'cos your chart is a bit unclear. Price has broken through the trendline, but has not closed below it. I know Mouteki says that we look for an "open" on the other side of the trendline, but I've changed ...

Mouteki Trading

Hi Jack, I don't use any indicators. I use price action to determine whether a Mouteki signal is a good one or not.

Mouteki Trading

Hi Forexnetworth, nothing Mouteki related, but I'm watching this ascending triangle on GJ. I've already gone long on a retrace of the Pin (arrowed).

Mouteki Trading

Hi DL, I like to know what the bigger picture is telling me, before jumping into a trade. It gives you some idea of the directioin to trade. For day trades ... I don't think so. The time gap is too big. Take Care Habeeb

Mouteki Trading

Looks like a good one, although your particular trade had a projection of about 35 pips. A new supply line has formed, and is now acting as resistance to your trade. Things going for you are: price has broken to the upside of the Monthly and Weekly ...

Mouteki Trading

I've used this with Fibo Retracements, but didn't like it. Never thought of using it with expansions though. Thanx for the idea

Mouteki Trading

Hi TheThing, you could also use the Fibo Expansion tool that comes with MT4 to get your projected take profit areas.

Mouteki Trading

Hi foxsahara, You draw it the same way you draw fibo retracements... from a swing high to a swing low (or vice versa), starting from the left of the chart going to the right. Take Care Habeeb

Mouteki Trading

My pleasure Foxsahara. Sorry, this is a bit late. Couldn't get connected earlier. Finally got our Mouteki signal. The breakout bar has formed a DBLHC (adding price action to the picture), giving us more confidence in this trade. I've inserted ...

Mouteki Trading

You're welcome.

Mouteki Trading

New Mouteki supply line came into play. A close above it, and we get a projected target of about 300 pips, which will land us roughly around 249.70 area... ... still have to wait though.

Mouteki Trading

Yes, that's correct. I do, however, trade off any timeframe. If you look at the 1hr chart, we've got an inverted head-n-shoulders formation. The neck have been pierced a few times and we've finally gotten a close above the neck (arrowed). If the ...

Mouteki Trading

Hi, I don't enter a trade when price breaks through a trendline. It has to close on the otherside first. I'd say, a confirmation is, when the new bar goes further than the breakout bar. Example, we had a close above the trendline. If the next bar ...

Mouteki Trading

Got our entry signal on the 1hr off the previous "demand" line and the 50% retracement area. It happenned during my bedtime, so I missed that entry, but I'm in from 246.00. Hope somebody caught that Pin Bar entry.

Mouteki Trading

IBFX is a good broker. You can do almost anything on MT4 and you can trade 1 cent lots. I guess the only thing I too don't like about them are the widenning of spreads, but that's not a big issue. FxSol is a good broker too. Don't have any ...

james16 Chart Thread