New Mouteki Method...

Quoting moutekitrader

Disliked

Greetings friends,

I deeply apologize for leaving you all hanging for so long...Some things came up and I had to address the issues at hand. I haven't had free time lately to put towards the blog.

On the bright side, I am back home as of yesterday and ready to continue.

I didn't have a chance to look at my charts all week till last night when I got home. I was going to post the setups I found last night, but unfortunately jet lag smacked me and I didn't have it in me.

I placed three trades last night during the London session. I will post video analysis of the trades and why I took them...I am still in all three trades with reasonable profit and not closing despite the weekend because I believe all trades have yet to pay out completely.

That's exactly why I will be posting the analysis that lead to my current positions...

As far as other issues at hand...might as well address them now...

1) PDF on Fibonacci Analysis...
-it's in the works...the minute it is ready ill post it...may be a few days

2) Fundamental Analysis...
-Will be introduced tonight...
All three positions I took and will post video analysis on are a combination of Fibonacci & Fundamental analysis

3) Analysis of Volume...
-Ok, I hope you are all aware that there is no magical way to get level 2 forex in other words volume in the market.

So, what i meant by this, is that I have a few tweaked indicators that I have found give me a best visual of when volume is in the market.

I don't personally rely on these indicators for my trading but they will be introduced since they are part of the method...

Again, if you are confused by what I am saying, don't worry!!!
It will all make sense as it unfolds.

Ok, with all that said, I'm going to finish up these three videos on my London Trades for your viewing pleasure...

Peace,
-Mouteki

Ignored

Quoting Barak's pip

Disliked

Hey man ,

it's good to have you back , we've missed you ...

as for the pairs , we are interesting at - I would like to have a little review before the coming trade week ..

cad\jpy -

the pair had reached target and start retracing , actually it is very close to the retracement 61.8 level - the question is are we looking for an acurrate respect of that level before going short again ? and if the candles will pass that level but close under it , does it still counts as respect ? when we determine that pair is no longer in harmony or reversed?

nzd\chf-

looks like an accuraterespect of the 61.8 fib retracement , after target was hit , what do we do now , short it ?

eur\usd-

it seems like the pair respected the 61.8 level(left a tail above it) , started going south , but turned again north , maybe to check the 61.8 again ?

usd\chf-

I don't understand exactlly what this pair is doing , I'll hope it will be clear to me after watching the new video.

usd\jpy-

it looks like the pair respected the 987 fib zone although it left long tails uner it , but eventually managed to close above it for 4 days , I don't know if it counts as arespect or not ... any way it is very temting to go long ,considder the huge target ahead.

gbp\usd-

very confusing to me , it's look ok either for a short and for long ?!?!

usd\nzd-

only start retracing...

eur\cad-

I'll be happy to know what you people think about this pair , in harmony or not?


that's all ,
hope for comments and ideas.

Ignored

Quoting denkhaus

Disliked

Hey Barak,

for me USDJPY is down. A few good reasons to short are:
The pair has retraced at the 50 % level from the 124.14 - 95.78 advance.
The price action has stopped now at the 61.8 % level from 110.66 - 106.54.
And the FZ 233 (108.33) from the 110.66 Zero and the FZ 1597 (108.16) from the 124.14 Zero act as resistance for now.
Another point to consider is when the price retraces at ~108.33 probably a H+S formation will build up.
I may be wrong but another thing is that USDJPY is strongly correlated with S&P and Dow. And these two will go down too. Please feel free to improve my bias if i'm wrong!

Ignored

Quoting Barak's pip

Disliked

hey ,

I was just checking the u\j chart minute before I saw your post, and I see also this 61.8 level (of the entire down move)was being respected , and now there is a a dilema , when Mouteki reffered this pair he expected it going north to a higher levels then the last 110.66 top , it's also in the forex gemini site under the "currencies set ups" label , now , I don't know what is stronger - the down move or the up move?

I kept posting all week long questions and charts , concernning how can we know where a currency stop retracing and reversed , and how can we tell which harmony and fib tools set up is stronger on the same pair , when one fib tools is for an up move and one for a down move , like in the case of the usd\chf ... I hope that there will be an answer in the next coming video...

any way - two charts of the usd\jpy , one with fib tools for an up trend one for down trend.. both of them can be correct..

Ignored

Quoting denkhaus

Disliked

I know what you mean man , but it was the same issue with USDCHF mouteki mentioned to go even higher. Now he is short. Maybe the same here. I noticed that at a major trend reversal point we have to be patient
to get fibo respect in the new direction. Perhaps its quite good to have a retracement from the first expansions in the old direction and wait for strong respect to go further. Maybe confirmation by volume action mouteki mentioned!? BTW apply the fibo numbering to a S&P or Dow chart it's amazing how new expensions and old retracement zones will cluster.
Poor DOW

Ignored