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New Mouteki Method...

  • #401
  • Sep 9, 2008 5:49pm Sep 9, 2008 5:49pm
  •  itguy
  • | Joined Sep 2006 | Status: 110..220....Whatever it takes | 39 Posts
Quoting avatarx51
Hey anyone have an indicator they care to share that plots all the zones there was on here before it was pretty good just needs the extra zones

thanks!
Here you go, I added the 89, 6765 & 10946. You can turn those levels on/off in the indicator options. I also added the price in the text label of the zone.
Attached File(s)
File Type: mq4 Fib Levels ver2.mq4   17 KB | 790 downloads
  • #402
  • Sep 9, 2008 5:53pm Sep 9, 2008 5:53pm
Great thanks!
  • #403
  • Sep 9, 2008 6:00pm Sep 9, 2008 6:00pm
hi, Mouteki just finised watching the last video #6 the ? I have is this why not start the 0 LINE on july top of 1.6040 thats where i started and ploted all the way down to the 1597 Fib zone and futher . so i dont get to subjective in where i start to plot . each Zone that is achived is were i start to look at retracement . Just thouhgt i but that out there. hope it makes sene to any one .
  • #404
  • Sep 9, 2008 6:31pm Sep 9, 2008 6:31pm
Gidday
Is any body looking at the EURGBP there looks like a good starting point at about 0.8185.

Cheers

Kiwi
  • #405
  • Sep 9, 2008 7:28pm Sep 9, 2008 7:28pm
Thanks Itguy, it works good but i think having it go up to 10k might be a little excessive.. lol
  • #406
  • Sep 9, 2008 8:17pm Sep 9, 2008 8:17pm
  •  itguy
  • | Joined Sep 2006 | Status: 110..220....Whatever it takes | 39 Posts
Quoting greywolf238
Thanks Itguy, it works good but i think having it go up to 10k might be a little excessive.. lol
hehe just covering all the bases. Plus somebody might be trading usd/mxn, you never know.....
  • #407
  • Sep 9, 2008 9:35pm Sep 9, 2008 9:35pm
Interesting setup on the Nzd/Usd...

This pair will be the focus in the Forex Truth 7 Update tonight...

The update will be on the blog soon...see if you can set up the chart with fib analysis before you see me do it...

Hopefully everyones following the Nzd/Chf example unfolding nicely for us...

Happy Trading,
-M
  • #408
  • Sep 9, 2008 9:58pm Sep 9, 2008 9:58pm
Greetings again friends,

I just added a page on my blog labeled "current setups"

I will update this page with fib zone setups we have discussed in the daily videos...

I have the four current setups we have discussed already on the blog...
Nzd/Chf
Eur/Usd
Usd/Chf
Usd/Jpy

Hopes this helps everyone...I did it so we all have one place to turn for setups that are currently happening...

If you have setups you believe are good examples of Fib respect...(fib zone,fib expansion,fib retracement) email them to me and if we agree I'll post them on the current setup list...Your turn to help...

Look forward to seeing some nice setups from the crowd...
Also make sure to check out the current setups to see if your up to pace with the rest of us...

Peace
-M
  • #409
  • Sep 9, 2008 10:53pm Sep 9, 2008 10:53pm
As we are all anticipating Mouteki's video on the NZDUSD, I thought I'd try my hand at analyzing it...

I have attached a Daily chart. The NZDUSD has been in a downtrend since mid-March. I know that the chart looks like a mess, but there has been tremendous respect of fib retracements, fib zones, and fib expansions throughout the entire move. Where we are at, right now, is that the pair has reached the 1597 fib zone. Additionally, it has fulfilled ever fib expansion so far. As we are currently out of new fib expansions to shoot for, we should be looking for a new fib retracement. I have mapped out the potential new retracement areas based on the highest high of the move to the most recent low. Interestingly, the 38.2% retracement of the entire move so far matches up almost exactly to the 987 fib zone. There are also numerous fib expansion levels at that point, too. I have indicated that area with the white ellipse.

So my take is that we should be looking for the NZDUSD to retrace at least to the 987 fib. At that point we could enter and set new fib expansions and start looking for a move towards the 2584.

Comments are appreciated...
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd d1.gif Size: 50 KB
  • #410
  • Sep 9, 2008 11:13pm Sep 9, 2008 11:13pm
Quoting moutekitrader
Greetings again friends,

I just added a page on my blog labeled "current setups"

I will update this page with fib zone setups we have discussed in the daily videos...

I have the four current setups we have discussed already on the blog...
Nzd/Chf
Eur/Usd
Usd/Chf
Usd/Jpy

Hopes this helps everyone...I did it so we all have one place to turn for setups that are currently happening...

If you have setups you believe are good examples of Fib respect...(fib zone,fib expansion,fib retracement) email them to me and if we agree I'll post them on the current setup list...Your turn to help...

Look forward to seeing some nice setups from the crowd...
Also make sure to check out the current setups to see if your up to pace with the rest of us...

Peace
-M
It just keeps on getting better, thanks Mouteki...
  • #411
  • Sep 9, 2008 11:55pm Sep 9, 2008 11:55pm
here is my take on the usdjpy
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 19 KB
  • #412
  • Sep 10, 2008 12:15am Sep 10, 2008 12:15am
another possible setup eurgbp
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 23 KB
  • #413
  • Sep 10, 2008 12:45am Sep 10, 2008 12:45am
Quoting grAgol4
No problem. I made the indicators so they can be easily modified. Here's an example of a level:

double price4=Price0 + 0.0377;
ObjectCreate("Level_377",OBJ_HLINE,0,0,price4);
ObjectSet("Level_377",OBJPROP_COLOR,DodgerBlue);
ObjectSet("Level_377",OBJPROP_WIDTH,3);

You can see that the line is nothing more than Price0 (your zero level) plus(or minus) whatever level you want. I also made it so you can change the width (OBJPROP_WIDTH,3(the size)) and color of each line. The Level_377 is the name that appears when you mouseover the line. Rename price4 to something that is not already used. Put in or remove whatever you want and recompile.
Thanks for that! I appreciate it!
  • #414
  • Sep 10, 2008 12:53am Sep 10, 2008 12:53am
Quoting supaq
another possible setup eurgbp
I am not an expert. But, I feel like it is on a downtrend, because it has already completed upward fib cycle, and there is no further expansions. But, if you look at Hourly chart, it is a good fib setup downwards.

thax
  • #415
  • Sep 10, 2008 2:06am Sep 10, 2008 2:06am
Video has been uploaded to the blog and is ready for your viewing pleasure...

Enjoy!
  • #416
  • Sep 10, 2008 3:42am Sep 10, 2008 3:42am
I worked this chart up before I viewed Mouteki's latest video which has nicely provided the reasoning for the current conjestion in this pair which is at present bouncing between the 7650 resistance and support off the 50% line in the green fib around the 7500 level.

This morning the rally stalled at the gold fib 50% level at 7572 and dropped back to the lower green APF line - actually a 61.8% retrace of the small rally.

Lets see which way it breaks.....
Attached Image (click to enlarge)
Click to Enlarge Name: sep 10 nzdchf 30m 0830.gif Size: 19 KB
Trading Levels with WRBs
  • #417
  • Sep 10, 2008 3:56am Sep 10, 2008 3:56am
Quoting moutekitrader
Video has been uploaded to the blog and is ready for your viewing pleasure...

Enjoy!

Hi Mouteki,
I have just finished watching all the videos once again , including the last one(7).
you are keep saying that this is not the way you’re trading , and you using this to map the market , and you use also fundamentals and volumes for your trades .
I am interesting to know how you use it practiclly , meaning how do you know when the currency is done retracing and now keep moving in the trend direction , in other words , when do you know when it “safe” to get in to a trade without being worried about maybe the currency will retrace again ?
thank you ,
Barak
  • #418
  • Sep 10, 2008 4:21am Sep 10, 2008 4:21am
I predict this retracement of GU should at least go to 1.7735

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 61 KB


I got Mouteki, huh?
  • #419
  • Sep 10, 2008 4:21am Sep 10, 2008 4:21am
i'm a little bit lost ib this thread. what is the exact system you are working with?
i looked for the original thread from 2 years ago and there is nothing there ?
maybe it was erased from there? there is supposed to be a 10 pages word wich i cant find there
  • #420
  • Sep 10, 2008 4:28am Sep 10, 2008 4:28am
Quoting HUnter123
i'm a little bit lost ib this thread. what is the exact system you are working with?
i looked for the original thread from 2 years ago and there is nothing there ?
maybe it was erased from there? there is supposed to be a 10 pages word wich i cant find there
You can't start reading at the end of a thread and expect to get the meat and potatoes. He explained everything at the beginning of the thread, including the use of the old method. (This one has nothing to do with the old one.) For the most part he is explaining the use of the fibonnacci tools.....
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