Hi ppl, just wanted to let you know something that should help you out in your trades.. I have come across a lot of posts sayuing that moutaki material isnt good enough.. and there are people who are really frustrated by this method.. Therefore I would just like to point some things out..
1. Use an EA which would make the demand and supply lines automatically... whether it makes them perfectly or screws them up.. dont owrry.. it doesnt change the way you would take the trade..
2. Never enter a trade either way when both the demand and supply lines are cut simulataneously by price action.
3. Never go into a trade just because you think its moving that way.. price action can be tricky..
4. Wait for the line break.. then give it 20 pips in the direction of the break.. then enter the trade.. do NOT enter as soon as the first candle opens
5. Never try to take the full price projeciton. Phase out your position.
6. I find that the major pairs follow this moutaki method quite accurately.. GBPUSD and USDCHF.. try them..
7. Always se 4 h charts.. and look for weekly resistance levels which might hamper price action.. if there are any nearby.. wait for the price to smash thru it before entering the trade.. or take profit at that level.
8. and FORGODSAKE read the moutaki material 3 times before trying anything..
Hope this helps all you newbies who are out complaining about Moutaki..
1. Use an EA which would make the demand and supply lines automatically... whether it makes them perfectly or screws them up.. dont owrry.. it doesnt change the way you would take the trade..
2. Never enter a trade either way when both the demand and supply lines are cut simulataneously by price action.
3. Never go into a trade just because you think its moving that way.. price action can be tricky..
4. Wait for the line break.. then give it 20 pips in the direction of the break.. then enter the trade.. do NOT enter as soon as the first candle opens
5. Never try to take the full price projeciton. Phase out your position.
6. I find that the major pairs follow this moutaki method quite accurately.. GBPUSD and USDCHF.. try them..
7. Always se 4 h charts.. and look for weekly resistance levels which might hamper price action.. if there are any nearby.. wait for the price to smash thru it before entering the trade.. or take profit at that level.
8. and FORGODSAKE read the moutaki material 3 times before trying anything..
Hope this helps all you newbies who are out complaining about Moutaki..
BECAUSE I CAN !