A forex trading system that use no indicators and is extremly user friendly.
Attached are the files for the system. Take a look. 
PS: CREDIT to Mouteki Trading from forexfactory.com
If u guys have any question feels free to ask in here. =)
Hello.
Yeah, a friend of mine just showed me this technique. He actually has a MT4 indicator that does all that for you. Draws the trendlines, calculates LC’s and UC’s,etc…
There is actually a setup coming up on GBP/USD (4HR) with a break of either the upper trendline or lower trendline.
Have a good day
Adam
do u have the indicators here? so everyone can use it. however i prefer to draw my own lines… lolx
Icycloud
Hey.
Just wanted to pop a quick question to you since you, I’m assuming, are trying out this Mouteki method.
Question is, I have my inital signals when there it a break and open above the line. Well while managing the trade, how do you determine its exit. I ahve plenty of trades fly my way but few actually hit the calculated t/p.
One more. What do you do when another supply/demand point is created while in the trade? Do you redraw and exit the trade? Thanks
have a good one
Adam
For T/P i would normally use 50 SL 100TP. If the bearish/bullish candle that breaks the threndline which is very strong eg(opening of a new candle price is 30 pips broken on the threndline) i would take 30 SL 100TP
When there’s a new point of supply and demand, i would normally draw a new threndlines… not every trade are exectuables.
I hope u can understand my english as i dont have much education on English.
lol… if ya guys need more eg i can send u… i need to upload the pic 1 by 1…sianz
Icycloud
Hey. Thanks for the replies and picture examples. I believe I have all those pictures in some powerpoints on the net.
As to your t/p and s/l method. You just automatically for each trade look at a 100 pip t/p and 50 s/l? I use the method with the highest/lowest point under/above the supply/demand lines and calculate where it crosses the trendline.
I was just asking if you had a plan when you realize that price is exhausting and fails to reach your t/p? Or do you just let it ride and breakeven? Anyways thanks again for your help. Hear from you soon.
Adam
If your trade was 40 pips positive, i would normally adjusted my SL to +10 pips profit. The worst thing happen is when a trader sees a profitbale trade turning to negative.
hope that helps. have a nice weekend!
here are the example fren.
How you doing Icycloud?
Hope all is good with your trading. I have been reading Tom DeMarks book and it seems that the Mouteki system is completely the workings of DeMark. The Mouteki though uses a magnitude level 2 of TD points (meaning that we wait for two lower highs or two higher lows for dtermination of points). In the book he describes three you can use. Also, if you have not read it, he describes various price situations on how to determine if the breakout is false or not. Also he has three other ways of projecting t/p levels that seem very useful in different situations. I really like this technique DeMark (Mouteki) method and can see how it can be very rewarding when other factors are used to determine trades with Mouteki’s basic setups. If you want more info let me know and I can describe some things I have been reading. Have a good one.
Adam
Good day AF,
Yeap, i would like to have some info to imrpove my trading exp. Can kindly post some feedbacks pls.
Thx and Best Regrads!
Where can I find this MT4? I have Oanda, does it work with Oanda?
Thanks,
Cuzy
Well im going to quote some things directly from the book. I wish I could post the illustrations because it does help a lot with understanding some things but I hope this is atleast useful.
Price projections;
Projection 1. This is the same as the one learned from the Mouteki method. DeMark claims this one to be the least precise and easiest to calculate.
Projection 2. “When price exceeds a declining TD Line, instead of selecting the lowest price beneath the TD Line and adding that value to the breakout point, there is a slight variation. The intra-day day low price on the day of the lowest closings price beneath the TD Line is selected. Often, the lowest intraday low is recorded on the same day as the lowest close, so there exists no difference between TD price projections 1 and 2.” So in my own words you add the low price of the lowest close bar to the breakout point. Its usually on the same day as the lowest low anyways. Vice versa with the break of a demand line.
Projection 3. “Price projector 3 is more conservative generally than the prior two methods. To calculate the projection value in the instance of a declining TD line, merely calculate the difference between the TD Line and the CLOSE of the lowest intraday low itself. The major distinction I wish to make relates to the intraday low and the close on the day of the intraday low. By definition, This approach is likely the most accurate in projecting prices because it usually yields the smallest returns.” He also states he prefers using the 1 & 2 projections.
I will add another post on qualifiers to look for when you have a breakout tomorrow.
Have a good one.
Adam