New Mouteki Method... | Page 45 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Up on my soapbox .... mouteki method 59 replies

bo7a method... method for GBP/JPY 205 replies

Jumper's journal of Mouteki trading 74 replies

Nchosen's trades by Mouteki rules 153 replies

Looking for Mouteki method EA 1 reply

Attachments: New Mouteki Method...
Exit Attachments

New Mouteki Method...

  • #881
  • Sep 22, 2008 1:52pm Sep 22, 2008 1:52pm
Quoting TimeFreedom
Here is a D1 chart of the AUDNZD which looks good for a short soon. We could take an early/riskier short @ 38.2%/1.2252 or wait for price to reach 610 FZ/1.2356 to short which is a more conservative approach.

TimeFreedom
I'm looking at this too.
The harmony is fairly good. Looks good for a short at 610 FZ then I would at least stay in until 987 FZ.
Attached Image (click to enlarge)
Click to Enlarge Name: aud_nzd.gif Size: 26 KB
  • #882
  • Sep 22, 2008 2:21pm Sep 22, 2008 2:21pm
Harmony anyone?

FZ 610 looks like a fair target.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_cad.gif Size: 29 KB
  • #883
  • Sep 22, 2008 2:28pm Sep 22, 2008 2:28pm
Quoting Fx Pipin
This pair just hit the 610 level.. Are we looking for it to hit the 987 level ?
Ultimately it should hit 987. US Fundies outlook is weak plus the fact that the 987 level has FE's 261.8 (from the original move) and 161.8(from the last move).
  • #884
  • Sep 22, 2008 2:49pm Sep 22, 2008 2:49pm
Ok. Question: the eur/usd has now hit the 987 going up, are we looking for it to retrace now?? Or since it has paid out the 987, do we look for it to slow down and maybe start heading down again? Or is it going to shoot on thru to the 161.8 expansions (I have 2 from the 2 retracements it has done so far on the way up.) I guess it could do any of these?? We'll just have to wait and see, right?
  • #885
  • Sep 22, 2008 3:13pm Sep 22, 2008 3:13pm
Quoting 4xisfun
Ok. Question: the eur/usd has now hit the 987 going up, are we looking for it to retrace now?? Or since it has paid out the 987, do we look for it to slow down and maybe start heading down again? Or is it going to shoot on thru to the 161.8 expansions (I have 2 from the 2 retracements it has done so far on the way up.) I guess it could do any of these?? We'll just have to wait and see, right?
987 has been hit, right on the money, to the pip respect.

It has been a big move (approx.377 pips) for the day so it is expected to breathe. In terms of how much of retracement to expect, place a new Fib retracement from the original point (1.3882) to the 987 FZ (1.4869). The closest rebound point, 38.2 lies exactly at the FZ 610 so we may see a retracement to that point.

Again, the outlook on fundamentals for the US for this week looks weak so such a huge retracement may not occur.

It's a watch and see game right now.

(Mouteki has made some smoking pips today on the USD/CHF).

Thanks again Mouteki.
  • #886
  • Sep 22, 2008 3:14pm Sep 22, 2008 3:14pm
So far so good. I have my TP level @987 level hope it hits. Thanks Mouteki !
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy.gif Size: 23 KB
  • #887
  • Sep 22, 2008 3:29pm Sep 22, 2008 3:29pm
Quoting Hwd
987 has been hit, right on the money, to the pip respect.

It has been a big move (approx.377 pips) for the day so it is expected to breathe. In terms of how much of retracement to expect, place a new Fib retracement from the original point (1.3882) to the 987 FZ (1.4869). The closest rebound point, 38.2 lies exactly at the FZ 610 so we may see a retracement to that point.

Again, the outlook on fundamentals for the US for this week looks weak so such a huge retracement may not occur.

It's a watch and see game right now.

(Mouteki has made some smoking pips today on the USD/CHF).

Thanks again Mouteki.

You are so right i believe it might hit the 610 level becouse i just placed a new fib retracement and the 38.2 is overlaping the 610 level.

This is beautiful !
Attached Image (click to enlarge)
Click to Enlarge Name: euro usd.gif Size: 22 KB
  • #888
  • Sep 22, 2008 3:44pm Sep 22, 2008 3:44pm
Quoting Fx Pipin
You are so right i believe it might hit the 610 level becouse i just placed a new fib retracement and the 38.2 is overlaping the 610 level.

This is beautiful !
Yeah, just noticed that too!! This is awesome!! I am so excited about this method--now if I can just trust what I'm seeing and act on it--I could be up major pips!

I, too, got in on the usd/chf--but here again got scared and closed it waaaayyy too early!Oh well. I'm still learning. . . I'll get it one of these days.
  • #889
  • Sep 22, 2008 3:50pm Sep 22, 2008 3:50pm
Quoting Hwd
987 has been hit, right on the money, to the pip respect.

It has been a big move (approx.377 pips) for the day so it is expected to breathe. In terms of how much of retracement to expect, place a new Fib retracement from the original point (1.3882) to the 987 FZ (1.4869). The closest rebound point, 38.2 lies exactly at the FZ 610 so we may see a retracement to that point.

Again, the outlook on fundamentals for the US for this week looks weak so such a huge retracement may not occur.

It's a watch and see game right now.

(Mouteki has made some smoking pips today on the USD/CHF).

Thanks again Mouteki.
is there a way to trade also the retracements , as you said the markets need some breathing (retrace) - what I see now on the eur\usd & gbp\usd is a bearish divergence (it's there the whole day) , and there are some inverted hammers ... so I guess that the market is signaling for retracement , the only thing in such a case is to detemine how deep will the market retrace(TP) ,and where to put the stop .
Attached Image (click to enlarge)
Click to Enlarge Name: 7777.gif Size: 42 KB
  • #890
  • Sep 22, 2008 3:53pm Sep 22, 2008 3:53pm
I can't wait to see Mouteki's video on his eur/usd trade!! I would love to see where he got in and why and where he plans to take profit (or maybe he already did at the 987). Anyway, will be interesting to see. I hope he still plans to do one--I know he's busy, but I just think this method is the best I've seen, and I want to keep learning as much as I can!!
  • #891
  • Sep 22, 2008 4:26pm Sep 22, 2008 4:26pm
Quoting Barak's pip
is there a way to trade also the retracements , as you said the markets need some breathing (retrace) - what I see now on the eur\usd & gbp\usd is a bearish divergence (it's there the whole day) , and there are some inverted hammers ... so I guess that the market is signaling for retracement , the only thing in such a case is to detemine how deep will the market retrace(TP) ,and where to put the stop .
I ask myself the same question can we make money while it retraces ??
Maybe Mouteki does and he is planing on showing us later....

I would probably consider a retracement to a ovlerlaping area of fibs and levels. But i cant wait for it to retrace so that i can make more pips on the way back up/down
  • #892
  • Sep 22, 2008 4:49pm Sep 22, 2008 4:49pm
Quoting Fx Pipin
I ask myself the same question can we make money while it retraces ??
Maybe Mouteki does and he is planing on showing us later....
I would bet on NOT trading the retracement because it would be against the trend, which is obviously much riskier. The value of this method is being relatively confident in knowing where the market wants to take the price... isn't it much more difficult to predict whether a retracement will reach a Fib?

Why do it... a little greed also comes with a little fear
  • #893
  • Sep 22, 2008 4:51pm Sep 22, 2008 4:51pm
Quoting Fx Pipin
I ask myself the same question can we make money while it retraces ??
Maybe Mouteki does and he is planing on showing us later....

I would probably consider a retracement to a ovlerlaping area of fibs and levels. But i cant wait for it to retrace so that i can make more pips on the way back up/down
I have my order in to buy E/U when/if it retraces to the 610. But when it trends the E/U trends very strongly, so I will also buy if it breaks strongly through the 987 (but with a tighter stop).
  • #894
  • Sep 22, 2008 5:03pm Sep 22, 2008 5:03pm
Quoting Spikey
I would bet on NOT trading the retracement because it would be against the trend, which is obviously much riskier. The value of this method is being relatively confident in knowing where the market wants to take the price... isn't it much more difficult to predict whether a retracement will reach a Fib?

Why do it... a little greed also comes with a little fear
By all means i am not saying that i will trade against the trend. But i will trade with the trend once it retraces
  • #895
  • Sep 22, 2008 5:13pm Sep 22, 2008 5:13pm
Just wanted to contribute to this great thread with my elliot wave count of what has happened to the euro/usd i predict an A-B-C move down now and then a continuation of the uptrend...it might bounce of any of the three fib levels
Attached Image (click to enlarge)
Click to Enlarge Name: elliot wave count.gif Size: 24 KB
  • #896
  • Edited 5:37pm Sep 22, 2008 5:20pm | Edited 5:37pm
Quoting split_unit
Just wanted to contribute to this great thread with my elliot wave count of what has happened to the euro/usd i predict an A-B-C move down now and then a continuation of the uptrend...it might bounce of any of the three fib levels
so , after wave no. 5 usually there is a reversal , not just a retracement?

and if it is going to reverse , maybe it's better to throw some new fib zone for the way down , or just use the old ones (from 1.6)?
  • #897
  • Sep 22, 2008 5:39pm Sep 22, 2008 5:39pm
Quoting split_unit
Just wanted to contribute to this great thread with my elliot wave count of what has happened to the euro/usd i predict an A-B-C move down now and then a continuation of the uptrend...it might bounce of any of the three fib levels
Is youre elliott wave count right ? In my opinion your wave 5 is wave 3 ??
And then follow wave 4 down and final wave 5 up + ABC down
  • #898
  • Sep 22, 2008 6:00pm Sep 22, 2008 6:00pm
You could put 10 different elliot wave experts in front of the same chart and get 10 different theories.
(barack) I would not recommend trading these retracements against the move.As said you don't know when it is going to turn.better to stay with less risk.Don't hurry to get into a trade let it come to you.Good trading to all!
  • #899
  • Sep 22, 2008 6:42pm Sep 22, 2008 6:42pm
Quoting Barak's pip
so , after wave no. 5 usually there is a reversal , not just a retracement?

and if it is going to reverse , maybe it's better to throw some new fib zone for the way down , or just use the old ones (from 1.6)?
My elliot wave count is correct and i have no doubt about it,if you have studied the Elliot wave princeples you would find it correct too but at the end of the day we all look at charts differently , i have no doubt that the last move was wave 5.

As for Barak's question, after wave 5 comes a 3 move correction knows as A-B-C moves...these moves can expand to form 3 different formations known as:
1: Zig Zag
2:Flats
3:triangles

i expect to see any of these 3 formations and then a bounce from the 610 possibly.

Elliot's wave principles are very complex and are a subject to be studied carefully before followed,they can be very handy but i dont suggest that anyone follows my setups or charts, it was just an opinion not a recommendation.
  • #900
  • Sep 22, 2008 6:58pm Sep 22, 2008 6:58pm
About a possible retracement. If there were to be a retracement to the 610 it would take a long time, a lot longer than the time it took to get up there, several days maybe.

The USD doesn't have that "juice" and the 610 is over 300 pips away. Before the 610 I think it would test 987 a couple more times before choppily making its way to the 610. How long would that take? I think several days.

Next scenario there may not be a pullback:
Checkout the fall from the 1.6000 area to the 1.3900's and you'll see that for several days there was no respect for any Fibs, it just fell (as Mouteki said in his video at that time it would be like swimming with the sharks). We could very well see something like that to the upside all the way back to the 1.6 level. Mouteki got in the market at a great time and made smoking pips. I am still learning and guess what, there are MANY more trades such as this to come in the future. Let's just monitor our charts and make status notes on each pair everyday so u know when harmony begins to emerge.

It is once again a watch and see game. The Dow Jones was up 400+ one day last week, then down 400, up again, then down 372 today. Sit on your hands and wait (if you are trading this method only).

We are living in unprecedented economic times!!! Let us learn as much as we can from this.
2 traders viewing now