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New Mouteki Method...

  • #781
  • Sep 19, 2008 8:38am Sep 19, 2008 8:38am
Look at gbp/usd, fibs respected for 2nd time. Next target 987 zone and FE 100.0

EDIT: I forgot to put on the last expansion. The FE 61.8 of last expansion correlate exactly to 987 zone and FE 100.0 of previous swing. Perfect correlation,hard resistance at 1.8430. Just my view
Attached Image
  • #782
  • Sep 19, 2008 8:56am Sep 19, 2008 8:56am
At this point in time 5 min before a news event i see resistance at the 61.8 level for a short. Lets see what happens...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 24 KB
  • #783
  • Sep 19, 2008 8:58am Sep 19, 2008 8:58am
Quoting Fx Pipin
At this point in time 5 min before a news event i see resistance at the 61.8 level for a short. Lets see what happens...
As well for the pair that correlates EUR/USD with resistance at the 50% level ! Lets see what happens....
Attached Image (click to enlarge)
Click to Enlarge Name: euro usd.gif Size: 20 KB
  • #784
  • Sep 19, 2008 9:00am Sep 19, 2008 9:00am
Quoting Fx Pipin
As well for the pair that correlates EUR/USD with resistance at the 50% level ! Lets see what happens....
Sorry wrong picture here is the correct one below..
Attached Image (click to enlarge)
Click to Enlarge Name: euro usd.gif Size: 23 KB
  • #785
  • Sep 19, 2008 9:29am Sep 19, 2008 9:29am
This market is extremly volatile and dangerous.It wen't 200 pips in one direction and then 250 in the other.Can't remember if this happend since i'm trading. This is why i intend to take profit at the next fib zone or before.It can tumble back down as fast as it went up.My view is still up for the moment. I think if we stay above 1.4350 by days end i will be more comfortable with my long.
Attached Image
  • #786
  • Sep 19, 2008 9:30am Sep 19, 2008 9:30am
Quoting Islander
And here's my 15m "trading" chart.....confirmation of a Sell came with the lower high just after the high at #5 and again in the the red circle as price turned back from the gold 61.8% retrace, breaking the green uptrend line.

Now we have a low at #6 - slightly higher than the prior low #5.....and so far well above the important support around the 4100 level.....

I'm now flat and waiting for the price action to show me my next trade - a confirmed break above the 4200 level will put me long and activate the dashed green up trend - a break to new lows and under the 4100 level and its Bermudas time again!

But remember that its a Freaky Friday and the Fed is busy making new policies in a way that's never been seen before and that sort of Fundemental input can have a big unforseen effect......
......like up over 200 pips in an hour and a half....I hope some of you guys collected some of those pips too....http://www.forexfactory.com/images/icons/icon6.gif

Cable was actually and easier buy as I've posted elsewhere...it ran up over 350.http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #787
  • Sep 19, 2008 9:43am Sep 19, 2008 9:43am
61.8 respect?
Attached Image (click to enlarge)
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  • #788
  • Sep 19, 2008 9:58am Sep 19, 2008 9:58am
Quoting Sergio
I'm out of the long, because first signal of Mouketi sistem is there, bounce 62.8 FE and 100 FR SHORT, on 15min

great sistem thanks Mouketi again.
Sergio
so far so good, lets see what hapen on FZ233
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 15m.gif Size: 27 KB
  • #789
  • Sep 19, 2008 10:37am Sep 19, 2008 10:37am
Quoting Sergio
so far so good, lets see what hapen on FZ233
same signal on this. Bounce 100 FE and 100 FR SHORT, on 15min

lets see what hapend
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY 15min.jpg Size: 70 KB
  • #790
  • Sep 19, 2008 11:18am Sep 19, 2008 11:18am
Quoting Fx Pipin
I'm actually going short on this pair. I see harmony for a short. I shorten it yesterday after carefully looking at it. Right now it is going against me but i am hoping for a move back south. Look at my chart there is resistance at the 61.8 fib retracement level which over laps the 377 fib sequence level. My TP is the 987 level.
With two "higher highs" moves it doesn't look like short. To me it looks as if it's ranging now. It can then move either way (there is harmony with UP and DOWN Fibs) - my gestimate is "north".
One Chart is Worth Ten Thousand Words.
  • #791
  • Sep 19, 2008 11:20am Sep 19, 2008 11:20am
Quoting Fx Pipin
Harmony is also seen in the weekly chart as you can see the fib expansion over laping the 1597 level. Any constructive criticism is appreciated.
Weekly TF is a difficult TF to judge (esp. in the current market conditions). You can view small reatracements as harmony, or you can view the current big move donw on weekly as 50% retracement (of an even bigger mover from Nov 2005). As there has been no major retracement on that down move on Weekly yet, it's hard to talk of harmony.
One Chart is Worth Ten Thousand Words.
  • #792
  • Sep 19, 2008 11:26am Sep 19, 2008 11:26am
Quoting lolla
This is how my chart looks. I see perfect harmony.
There is also harmony on the UP move (which can still be viewed as a retracement of the big down move). I guess it's one of those situations when it's hard to draw a clear line at the moment.
One Chart is Worth Ten Thousand Words.
  • #793
  • Edited 11:46am Sep 19, 2008 11:31am | Edited 11:46am
Quoting 4xisfun
WOW!! Someone else in my line of thinking!! I too am puzzled by others using the lower timeframes and pulling fibs to the upside. There for awhile I thought "Boy, I am really not getting this!! How does everyone know to pull fibs going up now? Am I missing something?" And honestly I think the news is just the push it needed to get to the 61.8 retrace. Although I am still kinda leery about the news, so I'm just watching and learning right now. But now I do feel like maybe I'm on the right track with this method!!
Nobody knows where a big move would stop. It could be 2584, but it could be 987 (or even 610). So, how does one know when to stop treated moves as a retracement and start seeing them as the beginning of the new moves. Mouteki uses H4 and H1. If you draw UP Fibs on EU, you'll see harmony too.

Also, Rob Book once said a very wise thing: "There is always a TF where trend is agains the trend on the TF you are trading". EU: Daily - down, weekly - up. Besides, if Daily retraces to 61.8 - that 800 pips! What if it doesn't respect 61.8 and continues going up? As such a retracement could take weeks, why shouldn't I go long?

My approach to the above: trade H4 and H1 based on price action. I.e. if I can see a valid setup for 200-300 pips in either direction, why not take it? It's not "picking top/bottoms" on M5 on M15 (which is a profitable exercise too, but that's a diff. story), we are talking about "anything can happen". As with the above EU example: the price could retrace to any level, but the difference between 38.2 and 61.8 is too big to ignore (and it takes too long for me not to be trading during that period).
One Chart is Worth Ten Thousand Words.
  • #794
  • Sep 19, 2008 12:25pm Sep 19, 2008 12:25pm
Quoting Pip
Hi Fewhills,

Many thanks for your indicator.
Do you think that is possible to add a label to the Fibonacci Price Levels?

Pip
Sure Pip,

With this one you can change the labelnames, colors, etc.

If you want to use different settings, just save the templates.
Attached File(s)
File Type: ex4 #PH#FibonacciZoneLevels-2.ex4   15 KB | 459 downloads
  • #795
  • Sep 19, 2008 12:52pm Sep 19, 2008 12:52pm
Quoting fewhills
Sure Pip,

With this one you can change the labelnames, colors, etc.

If you want to use different settings, just save the templates.
Many thanks for your prompt help!

Have a nice weekend.

Pip
  • #796
  • Sep 19, 2008 1:23pm Sep 19, 2008 1:23pm
Quoting Forex007
Nobody knows where a big move would stop. It could be 2584, but it could be 987 (or even 610). So, how does one know when to stop treated moves as a retracement and start seeing them as the beginning of the new moves. Mouteki uses H4 and H1. If you draw UP Fibs on EU, you'll see harmony too.

Also, Rob Book once said a very wise thing: "There is always a TF where trend is agains the trend on the TF you are trading". EU: Daily - down, weekly - up. Besides, if Daily retraces to 61.8 - that 800 pips! What if it doesn't respect 61.8 and continues going up? As such a retracement could take weeks, why shouldn't I go long?

My approach to the above: trade H4 and H1 based on price action. I.e. if I can see a valid setup for 200-300 pips in either direction, why not take it? It's not "picking top/bottoms" on M5 on M15 (which is a profitable exercise too, but that's a diff. story), we are talking about "anything can happen". As with the above EU example: the price could retrace to any level, but the difference between 38.2 and 61.8 is too big to ignore (and it takes too long for me not to be trading during that period).
I agree with you nobody knows where this move will stop. I could be wrong. It could be on an uptrend.

The way that i am looking at this is that there was harmony for a down trend first , along the way down even untill where we are now i have been seeing respect for fibonacci retracements and over lapping of expensions over fib sequences.

In a big down trend you can find many occasions in which the pair looks like its reversing which is why i wont consider that untill i start to see disrespect of the original harmony that is in play. I could be wrong its vary possible, but this is my way of analyzing what is going on and makes sense to me im only here to express my thoughts and learn together.

Another reason that i am thinking that this pair moving south is becouse there are other pairs in which there is harmony to short the EURO such as EUR/GBP, EUR/CHF, and EUR/CAD .I can post charts if anyone wants to see.
  • #797
  • Sep 19, 2008 1:50pm Sep 19, 2008 1:50pm
Did you guys scare mouteki off? He hasn't posted any videos or the pdf he was working on....
  • #798
  • Sep 19, 2008 1:56pm Sep 19, 2008 1:56pm
Quoting monkey
Did you guys scare mouteki off? He hasn't posted any videos or the pdf he was working on....
That's been in my mind this whole week... I wish to hear his insight.
  • #799
  • Sep 19, 2008 4:00pm Sep 19, 2008 4:00pm
Quoting Fx Pipin
That's been in my mind this whole week... I wish to hear his insight.
Maybe he'll be back again in another 2 years....
  • #800
  • Sep 19, 2008 4:15pm Sep 19, 2008 4:15pm
Quoting Spikey
His website/blog is being monitored, though. I know this because comments that are posted are being moderated and show up later. So, someone is approving the comments that are appearing on the blog.

That's good news. At least if something has happened to him, hopefully the "moderator" would post the a status report.
Vary encouraging to hear!! Thanks for the post reply
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