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New Mouteki Method...

  • #341
  • Sep 8, 2008 7:46am Sep 8, 2008 7:46am
Quoting Barak's pip
hi ,

I think it was video 4 that Mouteki talked about the usd\jpy going up , he took the 0 zone from the last low in the weekly chart , now , I looked at it from up to down and it looks great - respect of all the important zones perfectlly - so the qeustion , again , is which direction shall we see this pair going to ? the trend direction down , or maybe it reversed and it's going up ?
Hi Barak,

Look at post 330. The long term trend has changed to up. I've attached a document by Pring that may help some of you.
Attached File(s)
File Type: pdf Peaks_and_Troughs_Pring.pdf   181 KB | 784 downloads
  • #342
  • Sep 8, 2008 8:05am Sep 8, 2008 8:05am
Quoting dkhinckley
Hi Spice
Underneath the name "viddler" on the player, bottom right corner, is an icon with 4 arrows pointing out. click on that icon to make the video full screen.
dave
Thanks Guys - (Harry123 also)....your help is much appreciated.
  • #343
  • Sep 8, 2008 8:07am Sep 8, 2008 8:07am
Quoting CTGUY
Outstanding thread Mouteki, just gave it a 5 rating (highest). Keep up the excellent work which is very much appreciated.
Same here Mouteki - a massive 5 from me but I would give more if I could.....
  • #344
  • Sep 8, 2008 9:21am Sep 8, 2008 9:21am
great video again Mouteki...cant wait to learn more tomorow...

if anyone remembers i was asking a bunch of stuff on eurjpy over the weekend...when trading started today i had another look and this is what i have so far...

so far its respecting some of the fibs...after hitting 233 level for first time it retraced to 61.8 fib retracement level then went all the way up to 610 fib zone...and is currently in a retracement...my guess is it would retrace to the 233 zone where it overlaps a 61.8 fib retracement(currently its at the 50 retracement, in blue). If this does happen then it might just go up and take out the 987 fib zone where the expansions are...if it respects the retracement it should respect the expansion right?

well im still learning....so everyone's thoughts are welcome...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy 1h.gif Size: 32 KB
Click to Enlarge Name: eurjpy 4h.gif Size: 32 KB
  • #345
  • Sep 8, 2008 9:27am Sep 8, 2008 9:27am
Quoting ShadowPrince
great video again Mouteki...cant wait to learn more tomorow...

if anyone remembers i was asking a bunch of stuff on eurjpy over the weekend...when trading started today i had another look and this is what i have so far...

so far its respecting some of the fibs...after hitting 233 level for first time it retraced to 61.8 fib retracement level then went all the way up to 610 fib zone...and is currently in a retracement...my guess is it would retrace to the 233 zone where it overlaps a 61.8 fib retracement(currently its at the 50 retracement, in blue). If this does happen then it might just go up and take out the 987 fib zone where the expansions are...if it respects the retracement it should respect the expansion right?

well im still learning....so everyone's thoughts are welcome...
Here's my eurjpy chart at the moment. I took a trade on second retracement to the 38 level. I'm trading this as an intraday trade, but still using Moutekis methods.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 22 KB
  • #346
  • Sep 8, 2008 9:42am Sep 8, 2008 9:42am
Quoting Peikko
Here's my eurjpy chart at the moment. I took a trade on second retracement to the 38 level. I'm trading this as an intraday trade, but still using Moutekis methods.
i addeded ur fib to my chart(15M) and it looks like it makes sense...i mean the 61.8 expansion of ur trade is close to where i think it it will go back up (retracement on my 1H and 4H chart). this is interesting...have to wait and see how this unfolds...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 15m.gif Size: 34 KB
  • #347
  • Sep 8, 2008 10:50am Sep 8, 2008 10:50am
ok just to update...eurjpy has hit the 233 zone.....thoughts on going long?
  • #348
  • Sep 8, 2008 10:57am Sep 8, 2008 10:57am
Quoting ShadowPrince
ok just to update...eurjpy has hit the 233 zone.....thoughts on going long?
Speed is too fast for me to going long, I just took my short profit on the 233 zone. it may still keep going down, but my strategy was to take profit there and thats it.
  • #349
  • Sep 8, 2008 11:04am Sep 8, 2008 11:04am
yeah it was moving fast..i didnt go long either..i wanted to see it bounce off that 233 but it went even lower...to the 144 on my chart
  • #350
  • Sep 8, 2008 12:07pm Sep 8, 2008 12:07pm
From my perspective EURJPY has been on a down trend since the beginning of August, looking at the D1 chart, therefore I would only look to take shorts, but you could play the smaller swings/retracements within this down trend I guess from smaller timeframes like M15.

TimeFreedom

Quoting ShadowPrince
yeah it was moving fast..i didnt go long either..i wanted to see it bounce off that 233 but it went even lower...to the 144 on my chart
  • #351
  • Sep 8, 2008 12:42pm Sep 8, 2008 12:42pm
Quoting TimeFreedom
From my perspective EURJPY has been on a down trend since the beginning of August, looking at the D1 chart, therefore I would only look to take shorts, but you could play the smaller swings/retracements within this down trend I guess from smaller timeframes like M15.

TimeFreedom

i agree with you...i usually trade hourly...and i always check whats happening on the daily first...

this is something im trying based on mouteki's method....not actually trading using this until i i fully understand the method.
  • #352
  • Sep 8, 2008 1:24pm Sep 8, 2008 1:24pm
Quoting itguy
Unfortunately as an indicator it requires ticks to recalculate the line levels. I could make one that works while markets are closed if people want it.

The first option in the indicator is uptrend=false if you change it to true it will place the fib zones accordingly.

Here's the non compiled version.
itguy..wanna ask bout the time frame...the default setting is 1440..what is that mean? daily?

how can i change for 4H TF?

thks a lot for the indi

Max
  • #353
  • Sep 8, 2008 2:49pm Sep 8, 2008 2:49pm
Greetings factory,

The latest video released hours ago on my blog was Forex Truth 5.

In this video you will find me dissect the current fibonacci zones on the Nzd/Chf cross.

I strongly suggest watching this video as the market reacted exactly as we predicted using the fibonacci analysis.

Forex Truth 5 acts as a good review of all the fibonacci material we introduced all last week...

Take my examples and see if you can find other pairs setting up for potential moves...

Happy Trading,
-Mouteki

P.S.
There will be a new video update on my blog within a few hours...Forex Truth 6...
  • #354
  • Sep 8, 2008 2:55pm Sep 8, 2008 2:55pm
Anyone notice how the 1597 fib zone was respected in this pair today? It seems in rhythm does this mean the 2584 fib zone is a high probability?
  • #355
  • Sep 8, 2008 5:00pm Sep 8, 2008 5:00pm
Quoting string3r
Anyone notice how the 1597 fib zone was respected in this pair today? It seems in rhythm does this mean the 2584 fib zone is a high probability?
yes ,very perfectly.I think that 2548 respect,too.
  • #356
  • Sep 8, 2008 5:57pm Sep 8, 2008 5:57pm
Quoting me_sa245
yes ,very perfectly.I think that 2548 respect,too.
So do you think we're going to see 1.3456?? That would be the fib. zone you are talking about--2584.
  • #357
  • Sep 8, 2008 8:39pm Sep 8, 2008 8:39pm
Just added the daily video in the Forex Truth series...
It's my current fibonacci analysis on the eur,usd

Check it out, You know where to find it...

Happy Trading,
-Mouteki
  • #358
  • Sep 8, 2008 10:04pm Sep 8, 2008 10:04pm
Here is the NZDCHF trade set up Mouteki was talking about in his video. See where price retraces to the 38.2 Fib, respects that level and starts to go down. Now look at the fib expansion levels, note that the 61.8 fib expansion level and 610 fib zone are almost on top of eachother..

WHERE DO YOU THINK PRICE IS HEADED???
Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf analysis t33.gif Size: 31 KB
  • #359
  • Sep 8, 2008 11:59pm Sep 8, 2008 11:59pm
As fib traders, how do you set stops?.. i find it hard to find a solid method.

thanks
  • #360
  • Sep 9, 2008 12:19am Sep 9, 2008 12:19am
Quoting big_pipin
As fib traders, how do you set stops?.. i find it hard to find a solid method.

thanks
I place them usually little above / under 61.8 level. Some times it's too tight but you can always re-enter.
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