New Mouteki Method...

Quoting DOVOFreak

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I think if it fill the gap, then it might go back to 233 fib level. As oil price is getting lower, EU might follow suite.

Watching the fibs now.

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Quoting copi88

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Hi Islander

Where did you get in? I entered on the 61.8% retracement from the top of the move( Blue Box). Which also happend to be a nice round number 1.4100. Up about 35 pips at the moment.

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Quoting Cape Cobra

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Thank you Mouteki for sharing this information with the rest of us.

Just one question:
I've followed your wonderful videos and tried to paper trade this great system before going at it 'for real'.

On the Cable 4hr chart, I'm expecting price to retrace, posiibly the 50%, 68% or 78,6% before continuing up.

1)Assuming I am correct, my first question is when do I pull the "trigger"?
When price goes back up and through the 50%/68% or 78,6% of the gold fib? OR
When price goes up and through the Fib zone/s?

2)Where do I put my exit points? at the lower fib zone (StopLoss) and target the higher fib zone?

Thanks again.

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Quoting ozziedave

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Here is the 4hr EUR chart...we've just made a 400 pip move to the downside (point B to point C). So what do we do now???

Note Fib A is pulled from the swing high @ 1.4907 to point A which is part of the major down trend we've been in. Notice how price has gone up from point A and has respected the 61.8 fib retracement level of fib A.

Now take a look at Fib B, pulled from point A to point B of the current up move. See how price went up to point B and has come down to point C which is the 61.8 fib retracement of fib B. At this point we're respecting both the down fib retracement and the up fib retracement so what do we do. For me I will wait until point B to be broken to the upside before entering long or I will wait for point C to be broken to the downside before entering short. This is how I use fibs pulled in both directions that have harmony and respect.

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Quoting Cape Cobra

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Thank you Mouteki for sharing this information with the rest of us.

Just one question:
I've followed your wonderful videos and tried to paper trade this great system before going at it 'for real'.

On the Cable 4hr chart, I'm expecting price to retrace, posiibly the 50%, 68% or 78,6% before continuing up.

1)Assuming I am correct, my first question is when do I pull the "trigger"?
When price goes back up and through the 50%/68% or 78,6% of the gold fib? OR
When price goes up and through the Fib zone/s?

2)Where do I put my exit points? at the lower fib zone (StopLoss) and target the higher fib zone?

Thanks again.

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Quoting Tommy_C

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I had buy limit orders at the 38.2, 50.0, and 61.8 levels. The orders at the 38.2 and 50.0 levels have been hit already. The 50 is up 99 pips and the 38.2 is up 19 pips.

I guess the 61.8 might not be reached...

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Quoting Harry123

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Since Mouteki's Fib has given me the direction, I will be entering long when the MTF stochs are lined up.

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Quoting Cape Cobra

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Thanks Harry.

Good idea using MTF stochs as a trigger.
Again,and I'm sorry to belabour this but, where does Mouteki (or you and others here) set his exits,etc.
PS don't mean to hijack this great thread, just think the Fib Zones are REALLY useful, and I want to extract as much useful info as possible from everyone here. Really fantastic thread.
CC

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Quoting Cape Cobra

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Thanks for that ,Dave.
The scenario on EU 4hr nearly mirrors that of GU 4hr.
So,let's assume that price does break Point B upwards, then I take it we should target that Fib Expansions and/or Fib Zones drawn with Point A as the 'Base'.
Any advice on stops?

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Quoting Cape Cobra

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Thanks,Tommy.

I guess it won't reach 61,8 but I'm sitting pretty with 34 pips up now having used 1.7445 as the "base" and setting a buy order at Zone 377.
So, do you use the fib zones as targets only or do you use them to set buy/sell orders as well?

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Quoting Barak's pip

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when the next video will be on Mouteki's site ? someone know?

thanks.

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Quoting Harry123

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He haven't come to that yet. I think he will be showing News Fundamental next, to be followed by Volume. I hope after all these are covered, he will come to entry and exit strategy.

Cheers

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Quoting copi88

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I dont think he is going to go into that (at least that what he said in his video). Correct me if I am wrong.

I plan to use a fairly tight stop loss past the critical Fib retracement points. If it fails put in another order at the next fib retracement level.
For the failed trades I am planning on using Jacko's AH stratergy. This way when the market does turn around and aims for the next Fib Zone the market picks up your loosing trades on the way. In effect you should have no 'loosing' trades as long as the market stays in harmony.


Here are his rules (This is for the Euro, you will have to change it for different currencies to allow for their volitility) :

1. you put a trade on and you put a stop loss of around 40- 50 pips
2. the market goes against you (horrors....I was wwwwwrong !! )
3. let the market continue...it will probably go say another 30 - 100 pips past your stop...who knows ???
4. AFTER THE MARKET HAS MOVED 50 PIPS PAST YOUR STOP LOSS, PUT AN ORDER IN AT THE EXACT SAME FIGURE AS YOUR STOP LOSS (if you were originally "short" then place a "short" order) This ensures that when the market comes back, as it invariably does, you have a DEFINATE order in place to put you back in the market where you were originally...and you are now in the same direction as the market is moving..
5. FINALLY, the market comes back around and starts to head in the opposite direction
6. The market picks you back up on its new direction
7. THE ADVANTAGES OF THIS STRATEGY IS THAT
a. IT HAS AN EFFECTIVE AND DISCIPLINED COURSE OF ACTION
b. IT GIVES YOU A SPECIFIC "ENTRY" POINT
c. IT REDUCES LARGE DRAWDOWNS
d. IT PUTS YOU BACK IN THE MARKET EXACTLY WHERE YOU GOT OUT

http://www.forexfactory.com/showthread.php?t=27286

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Quoting Cape Cobra

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Great post,copi!

It DOES make sense...
Shades of Jacko's anti-hedging system.You said it was Jacko's a-h,sorry. Very effective and it's made Jacko a very rich man.Also,like you said, it keeps your losses at a minimum and allows you to ride out the big moves ensuring that, when you catch the move, you'll bag a lot of pips.

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