New Mouteki Method... | Page 48 | 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...

  • #941
  • Sep 23, 2008 11:57am Sep 23, 2008 11:57am
Quoting Potax
oh my fu k i n ' god ... eurusd exactly touched the 987...
I'm sorry the way you express that was really funny to me.
  • #942
  • Sep 23, 2008 12:01pm Sep 23, 2008 12:01pm
1 thing about the retracements: I think mouteki doesn't use them correctly: watch 13min59sec on the fib&fundies2 video: he only pointed the 3882 min and 4482 max,but what about the 4075 min?? he just plotted the 3rd point somewhere near 4180...i don't understand
  • #943
  • Sep 23, 2008 12:21pm Sep 23, 2008 12:21pm
Well I just collect 161 pips from that EURUSD retrace....
  • #944
  • Sep 23, 2008 12:36pm Sep 23, 2008 12:36pm
Guys take a look at gbp/chf. I went short @2.0123 which is the 233 fib zone and 50% retracement overlap. Will sell some more @2.0180 which is the 61.8 retracement with a stop loss @2.0220.....please comment guys.
Attached Image (click to enlarge)
Click to Enlarge Name: cc.gif Size: 40 KB
  • #945
  • Sep 23, 2008 1:00pm Sep 23, 2008 1:00pm
I shorted AUDJPY.

If we look at the daily chart we can see that this pair made a retracement at 38.2% level near FZ 1597.

Looking to H4 chart price started to go down and based in the last High value
we can see that it passed away FZ 144 and it now at the FZ 233.

Perhaps we are at the begining of a new down movement in line with the daily trend.
Have nice pips!!
Attached Image (click to enlarge)
Click to Enlarge Name: AudJpy_2309.png Size: 36 KB
Bye! Target
  • #946
  • Sep 23, 2008 1:55pm Sep 23, 2008 1:55pm
Is it me or is there resistance @ the 23.6% which overlaps the 100% fib expansion.

Could that be the point for a reversal ?
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf.gif Size: 23 KB
  • #947
  • Sep 23, 2008 2:14pm Sep 23, 2008 2:14pm
Quoting Fx Pipin
Is it me or is there resistance @ the 23.6% which overlaps the 100% fib expansion.

Could that be the point for a reversal ?
It could be, but is the 23.6 a very valuable retrace number? It doesn't appear to be to Mouteki, but I guess it still could work. When you say reversal, do you mean this up retrace and then continue down?
  • #948
  • Sep 23, 2008 2:16pm Sep 23, 2008 2:16pm
Quoting 4xisfun
It could be, but is the 23.6 a very valuable retrace number? It doesn't appear to be to Mouteki, but I guess it still could work. When you say reversal, do you mean this up retrace and then continue down?
Yup thats exactly what i mean.
  • #949
  • Sep 23, 2008 2:24pm Sep 23, 2008 2:24pm
Quoting Fx Pipin
Yup thats exactly what i mean.
Ok.
So it took out the 610 and it is retracing. Maybe the 23.6 is as far as it's going to get. I have strong overlapping at the 377 and 50% retrace from this last low. But not sure it can get that high. If it starts dropping again from here (23.6), then where do we say it's heading: the expansions, the 987 zone? I just wonder how we know when this down move is played out. That it's no longer retracing, but heading back up--I guess when we can start seeing fib respect on the way up, right?
  • #950
  • Sep 23, 2008 2:28pm Sep 23, 2008 2:28pm
Quoting Fx Pipin
Is it me or is there resistance @ the 23.6% which overlaps the 100% fib expansion.

Could that be the point for a reversal ?
If so it could be that same way with the eurusd--it is also respecting the 23.6 and is at one of the 61.8 expansion numbers.
  • #951
  • Sep 23, 2008 2:49pm Sep 23, 2008 2:49pm
what do you say about this pair , is it short time - it seems like price respected the 61.8 that was mentioned on the video ... short time???
Attached Image (click to enlarge)
Click to Enlarge Name: $8אא.gif Size: 43 KB
  • #952
  • Sep 23, 2008 3:07pm Sep 23, 2008 3:07pm
I actaully went long on G/C instead from 1.9926/50% Fib retracement.

TimeFreedom

Quoting lolla
Guys take a look at gbp/chf. I went short @2.0123 which is the 233 fib zone and 50% retracement overlap. Will sell some more @2.0180 which is the 61.8 retracement with a stop loss @2.0220.....please comment guys.
Attached Image (click to enlarge)
Click to Enlarge Name: newmouteki_gbpchf_09-23-08_01.gif Size: 14 KB
  • #953
  • Sep 23, 2008 4:19pm Sep 23, 2008 4:19pm
Quoting lolla
Guys take a look at gbp/chf. I went short @2.0123 which is the 233 fib zone and 50% retracement overlap. Will sell some more @2.0180 which is the 61.8 retracement with a stop loss @2.0220.....please comment guys.
Been reading this forum for the last year or so and ready to make some contributions.. Thanks to fewhill for the indicator.
Thanks to mouteki for your work on this method..it really offers a clear way to map where the currency is in a given time.
Looking at GBPCHF it looks like we are still in a valid long with the 987 fib still in play..but im waiting for a good place to short sterling so if it does hit the 987 I would be looking for harmony on the way down to get in. What do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpch-flong.gif Size: 23 KB
  • #954
  • Sep 23, 2008 4:33pm Sep 23, 2008 4:33pm
Quoting declan
Been reading this forum for the last year or so and ready to make some contributions.. Thanks to fewhill for the indicator.
Thanks to mouteki for your work on this method..it really offers a clear way to map where the currency is in a given time.
Looking at GBPCHF it looks like we are still in a valid long with the 987 fib still in play..but im waiting for a good place to short sterling so if it does hit the 987 I would be looking for harmony on the way down to get in. What do you guys think?
..not sure why the attachment didnt upload..trying again
http://www.forexfactory.com/attachme...1&d=1222205398
Attached Image (click to enlarge)
Click to Enlarge Name: gbpch-flong.gif Size: 23 KB
  • #955
  • Sep 23, 2008 4:34pm Sep 23, 2008 4:34pm
This is my first real attempt at doing this method. Can someone tell me if I have any clue what I'm doing? I am trying to figure out where the EUR/USD is going from here (using technical analysis).

Am I correct in laying out the fibonaccis the way I did, and am I correct to conclude from this that a retracement to 1.4580 will occur (where two retracement zones are), followed by upward movement to 1.4980 where the two expansion zones are?

Thanks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 14 KB
Click to Enlarge Name: eurusd2.gif Size: 11 KB
  • #956
  • Sep 23, 2008 4:35pm Sep 23, 2008 4:35pm
Lolla,

Looks like you have taken some nice pips off of this trade but i would urge you to tread with caution as you are taking off the retrace and are against the main trend - notice the higher highs and higher lows the currency is making.

Well done, once again, make sure you have some in the bank!

Nick
The customer is always right!
  • #957
  • Sep 23, 2008 4:41pm Sep 23, 2008 4:41pm
Quoting Potax
1 thing about the retracements: I think mouteki doesn't use them correctly: watch 13min59sec on the fib&fundies2 video: he only pointed the 3882 min and 4482 max,but what about the 4075 min?? he just plotted the 3rd point somewhere near 4180...i don't understand
Hi Potax,
I think you might mean Mouteki does not use Fib Expansions correctly, since you only need 2 points for a Fib Retracement.
The question of mouteki's Fib Extensions was raised after the first video in which he used them - so it is ancient history now.
It is true that Mouteki does not use 3 points for the Fib Exansions, instead he used the default 3rd point which is at the 50% retracement. This is unusual, but hey they seem to work so I don't knock it.
The good side to his default 3rd point is that you don't need to plot the Fib Expansions, you just modigy your Fib retracement to include the extra levels i.e FE 61.8% = FR 111.% and FE 100% = FR 150% and FE 161.8% = FR 211.8%. Again, this has been pointed out before.

By the way, according to my broker E/U was 3 pips short of the FZ 987 and 5 pips short of the 'Mouteki FE 100% ' of the move to 1.4540 - but that is close enough for me. Since then it has retraced to (and bounced) within 4 pips of the 'Mouteki FE 61.8%' of that same move. So who would say that the Mouteki FEs are incorrect - they are just unconventional!

E/U is currently heading back south, so I am hoping for it to retrace to the FZ 610 (and 38.2% retracement) where I have a buy order waiting for it - unless the Fundementals change to dollar bullish before then.
  • #958
  • Sep 23, 2008 6:31pm Sep 23, 2008 6:31pm
Hello,
Once again thank you for your time and knowledge you give to all of us on this thread.I was wondering ,what if retracements aren't showing respect but price is hitting zones to the pip?and fib expansions are also being respected,to the pip.How do you handle this?
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 42 KB
  • #959
  • Sep 23, 2008 6:42pm Sep 23, 2008 6:42pm
Hi guys. I have a question. Do you know where I can get those red lines that Mouteki uses in his vids? The red fib lines?

Thanks!
  • #960
  • Sep 23, 2008 7:13pm Sep 23, 2008 7:13pm
Quoting Sirens
Hwd good quote, think and grow rich by napoleon hill... my favorite book.

I just want to thank you Mouteki for taking the time out of your busy life to share this valuable knowledge with us, giving us insight that will ultimately change our lives if applied correctly. You could have continued about your life making millions and living the dream, doing whatever you desire. But instead you decided to share this gift with anyone who is willing to put in the time and effort to learn it.

I have been following this thread all along, but have finally created an account. Mouteki uour story has inspired me, your early beginnings remind me somewhat of myself (I am currently 20). I am giving this blog/thread/system my fullest attention and study for as long as it takes until I get it down.

I think I speak for everyone on this board when I say thanks again mouteki, your doing a superb job.

on a side note I can't wait to sink my eyes into those PDF's!

Welcome and all the best.
1 trader viewing now