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New Mouteki Method...

  • #361
  • Sep 9, 2008 12:23am Sep 9, 2008 12:23am
Quoting ozziedave
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???
Exactly...harmony of the fibs is obviously present in this pair!!!

This is a classic example of a setup we will begin to see more often once you can locate the harmony...
  • #362
  • Sep 9, 2008 1:00am Sep 9, 2008 1:00am
We hitted the 610 level also. Lets see if it's going to pull back so that we could fib it again.
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  • #363
  • Sep 9, 2008 1:17am Sep 9, 2008 1:17am
Hi Mouteki and All

Welcome back and thanks for sharing so generously.

I'm looking forward to finding out how volume and fundamentals are used to compliment the fib harmony.

Mouteki, hope you bring this into the vids soon as I'm a cautious trader and like to have the whole picture in sight before I jump in.

Again Thanks
  • #364
  • Sep 9, 2008 1:30am Sep 9, 2008 1:30am
Here is the 4hr AUDCAD chart. Started my "O" fib zone from 0.9288. On the 1 hr chart there is a fib retracement that is respected (not shown). Price trades down to the 377 fib zone (green arrow) and retraces to the 61.8 Fib and the 144 Fib zone (red arrow). You would expect that since price has reached the 377 Fib zone the next stop would be the 610 Fib zone. Price takes out the 100 Fib exapansion from the 1st fib retracement and takes out the 610 fib zone ( light blue arrow). Pulled a fib to the new low and then price retraces back to the 38.2 fib (yellow arrow) and is npw chasing the 987 fib zone. We may get a push to the 161 fib expansion (white arrow) and then a retrace before the push to the 987 fib zone. Well, that's my take on this pair, any comment are welcome.
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  • #365
  • Edited 3:42am Sep 9, 2008 3:01am | Edited 3:42am
OK guys, so far we only have one part of what Mouteki's going to show us, but for me this was worth a small Sell just before the London Open.

The bounce from the 50% area on the gold fib stopped at today's pivot and the 61.8% retracement, so a great area for a small initial position, with my stop above this confluence - that's about 20 pips plus the spread.

So if NZDCHF is not yet ready to start falling I'll take a small loss and look for another entry off my short term charts. However, IF it does turn south, I'll add on the break of the 7845 level......TWT
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #366
  • Sep 9, 2008 5:38am Sep 9, 2008 5:38am
Using the high that was made on Aug 21 as the zero fib zone this pair has been in great harmony. It broke all the way through the 233 zone then back up perfectly to the 144 zone that is also the %50 fib retracement of that move. After that it headed all the way down to the 610 then back up to the 377 then back down to the 610. Where it seems to have found support. It will be interesting to see where this pair retraces to.
Attached Image (click to enlarge)
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  • #367
  • Edited 5:45am Sep 9, 2008 5:41am | Edited 5:45am
We got the retracement to the 38 fib from the latest swing low. It seems that it's still going to head to the north due to yen weakness all over the board. Even usd/yen is raising even though usd is getting bit weaker against eur and gbp. Still looking opportunities to short but not quite yet.

Edit: 610 text label is way too up, dont know what happened with it. 610 is at the latest swing low
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  • #368
  • Sep 9, 2008 5:52am Sep 9, 2008 5:52am
Quoting string3r
Using the high that was made on Aug 21 as the zero fib zone this pair has been in great harmony. It broke all the way through the 233 zone then back up perfectly to the 144 zone that is also the %50 fib retracement of that move. After that it headed all the way down to the 610 then back up to the 377 then back down to the 610. Where it seems to have found support. It will be interesting to see where this pair retraces to.
Thanks for your analyse, i'll start to follow this pair also!
  • #369
  • Sep 9, 2008 6:12am Sep 9, 2008 6:12am
is that the resistance that the pair was suppose to hit , before going south?
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  • #370
  • Sep 9, 2008 6:17am Sep 9, 2008 6:17am
Quoting Barak's pip
is that the resistance that the pair was suppose to hit , before going south?
If i remember right, Mouteki was excpecting / hoping that it would hit the 61.8 level and it did.
  • #371
  • Sep 9, 2008 6:58am Sep 9, 2008 6:58am
Quoting Peikko
If i remember right, Mouteki was excpecting / hoping that it would hit the 61.8 level and it did.
it looks like a good point to short the pair?!
  • #372
  • Sep 9, 2008 7:05am Sep 9, 2008 7:05am
What a great thread! Thanks, Mouteki!

As Mouteki says in his video, one can draw these fibs in many ways. Here's an example of the way I drew the fibs a few weeks ago because price has previously respected the 38.2, 50 and 61.8 lines (as shown by the blue boxes). The actual Fib is drawn from the "0" (all time high) to the "100" as marked on the chart. Note that it hit the 161.8 perfectly in the last few hours (last green line on the bottom marked by a red arrow) suggesting that the current move down may take a breather and potentially retrace.

Good trading,
BM
Attached Image (click to enlarge)
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  • #373
  • Sep 9, 2008 7:46am Sep 9, 2008 7:46am
The short that I mentioned earlier did get stopped out, so I've posted my 5 min chart of the action......those who've seen my posts elsewhere will know that I use the 34 ema (agua) on all of my 5 min charts.......here again it acted as support - also at a 50% retrace - and signaled a continuation buy for a move of more than 120 pips, right back to a retest of yesterdays high at 7650.....for another small sell, with an add on IF the DP is broken....or if there is a pull back to the falling 34 ema....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #374
  • Sep 9, 2008 8:00am Sep 9, 2008 8:00am
Quoting bluemeasure
What a great thread! Thanks, Mouteki!

As Mouteki says in his video, one can draw these fibs in many ways. Here's an example of the way I drew the fibs a few weeks ago because price has previously respected the 38.2, 50 and 61.8 lines (as shown by the blue boxes). The actual Fib is drawn from the "0" (all time high) to the "100" as marked on the chart. Note that it hit the 161.8 perfectly in the last few hours (last green line on the bottom marked by a red arrow) suggesting that the current move down may take a breather and potentially retrace.

Good trading,
BM


Be careful Bluemeausure! Left to O mark, the fibos are not counting!!
  • #375
  • Sep 9, 2008 8:28am Sep 9, 2008 8:28am
Quoting grAgol4
Here's some indicators to draw the sequence lines. One is for 2 decimal pairs like the yen, the other is for 4 decimal pairs.
Thanks for these indicators.

Also, is it possible to make these indicators so that u can select what fib sequences u want, and what you dont want? For eg. say if i want from my start price to plot sequence 13, 89 and 610 only, and on my other chart i want to plot 55, 144 and 377, etc. (skipping a few, or not) - can such coding be done?

So basically, what i am asking for is: smaller fib sequence numbers be added (maybe not from 1, but say from 21 onwards); AND we can have the choice of plotting selected sequences (maybe just code for the first 20 fib sequences, not including 0,1,1,2,3,5,8,13).

That would be great!

Thanks!
  • #376
  • Sep 9, 2008 9:06am Sep 9, 2008 9:06am
I'm following this thread with great interest but as far as i know the relevance of time has not been mentioned,advocates of Delta and Market Matrix(Steve Copan) suggest that time is more important than price ie that market turns are dictated by time rather than price,fibonacci time analysis being used as well as a confluence of other factors to pinpoint turns,be interesting to have some members opinions on this or am i getting in too deep?!
Thank Mouteki for fascinating thread

Regards Edward
  • #377
  • Edited 9:15am Sep 9, 2008 9:14am | Edited 9:15am
Anyone here following the eur/usd?? Just wondering your thoughts on this pair??

I love this method!! Just started looking at it yesterday and very interested in learning--any help would on this pair would be greatly appreciated!!!
  • #378
  • Sep 9, 2008 9:20am Sep 9, 2008 9:20am
Quoting sotos
Be careful Bluemeausure! Left to O mark, the fibos are not counting!!
aaaah, but they are. Go back over some historical charts and draw some fibs that fit and then pull it back over to the left and see how many times the fib lines defined support & resistance in the past like on my example. It's almost as if the market knew where price was going... or maybe i should say price knew where the market was going
  • #379
  • Edited 10:01am Sep 9, 2008 9:31am | Edited 10:01am
Quoting bluemeasure
aaaah, but they are. Go back over some historical charts and draw some fibs that fit and then pull it back over to the left and see how many times the fib lines defined support & resistance in the past like on my example. It's almost as if the market knew where price was going... or maybe i should say price knew where the market was going
And from my perspective I have to agree.

Edit: Watsone; you may find the Dots Interesting. {Fib Time}
btw: 5 Posts in 4 Years! Now That's frugal.

Edit 2: Good Point Sotos {post # 380}. If Mouteki wants me to remove this post, I, of course, will.

http://www.forexfactory.com/showpost...2&postcount=23
  • #380
  • Sep 9, 2008 9:57am Sep 9, 2008 9:57am
Quoting bluemeasure
aaaah, but they are. Go back over some historical charts and draw some fibs that fit and then pull it back over to the left and see how many times the fib lines defined support & resistance in the past like on my example. It's almost as if the market knew where price was going... or maybe i should say price knew where the market was going
Ιt's up to you..and I also agree, However Mouteki is delivering a method which is trying to "predict" the future movements, based on the past from a particular O point onwards, (to the right) so your remark might complicate, a little, the things in case of newbies.. lol
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