DislikedWhile waiting for Mouteki to release his PDF document, I decided that I should create one based on the input from this thread. Since I only trade in EUR/USD, I went back to the pages and extracted all those postings on EU only which I think is essential to understand the new Mouteki method. My aim is to use this document that I can refer to when I review the movement of EU since Mouteki introduce this new method.
I included the date and time (Forex Factory time) and the author in the document so that if need be I can go back to that page to review other postings related to it.
I want to thank ozziedave for starting to put in his analysis of EU pair using the new Mouteki method and inpired me to learn more on this method. I have started trading using the new Mouteki method and what it thought me most is that patient is key in using this method to catch the big move.
Hope this document is useful to those who trade EU pair. Also hoping that similar document on other pairs will be compiled by other who trade them.
Still waiting patiently for the real Mouteki's PDF document.Ignored
The pdf is very good, puts together all of the thoughts on the EUR in one place. Kudos to you..Dovo. For the most part, I've only traded the EUR and CHF since starting with the Mouteki Method. I've analysised other pairs but have stuck with trading the majors. In Mouteki's last video he made a statement about coming up with a way to pull apart those hugh swings and trade them both up and down. That is what I was attempting to do early on when I started to use the fib zones going in both directions when I recognised there was a clear change in direction after a big move either up or down. I know that was confusing for some of you but I hope it makes more sense to you now. I haven't caught any of the 300 or 400 pip moves yet, but I can say that I've banked well over 500 pips in the past 2 weeks picking apart the smaller moves. I don't say this to impress any of you, I am sharing this to let you know that it is very possible to accomplish that. At first I thought I was having a run of beginers luck but over the 2 week period the fib zones have proven to be uncanny at leaving clues about what direction the pairs are moving.
I will say this to everyone...study..study and study your charts and learn these fib zones and how to trade them.
Thank you Mouteki for sharing this invaluable information with all of us here at the Factory.