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New Mouteki Method...

  • #961
  • Sep 23, 2008 7:25pm Sep 23, 2008 7:25pm
You all, take a look at the EUR/CAD. If the pic looks too confusing I have marked out the points to which the Fib retracements are made so u can draw it for yourself.

The market has respected the Fibzones quite well and I think it is chasing the 610 FZ, which overlaps 2 extensions. Remember Mouteki spoke about taking out the FE 61.8 then retracing to a Fib zone, indicating that the move is on.

Take a look.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_cad2.gif Size: 28 KB
  • #962
  • Sep 23, 2008 7:57pm Sep 23, 2008 7:57pm
Quoting Maarten999
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!
Someone in this thread had kindly given this attached indicator which will draw those lines autonmatically after you fill in the price at the base line and select for uptrend or downtrend. Suggest you read through this thread if you have difficulty in using it.
Attached File(s)
File Type: ex4 #PH#FibonacciZoneLevels-2.ex4   15 KB | 427 downloads
  • #963
  • Sep 23, 2008 8:43pm Sep 23, 2008 8:43pm
Greetings all,
New update on the blog...Gbp/Usd trade...
Make Sure to check it out...
Peace,
-Mouteki
  • #964
  • Sep 23, 2008 8:47pm Sep 23, 2008 8:47pm
Guys we have harmony here in the north direction...

Take a look at my chart my entry will be when it retraces to the 377 level which overlaps 50.0% fib !

I mean all in all we are shortening the dollar this is a pair that correspond with the other USD pair.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd.gif Size: 28 KB
  • #965
  • Sep 23, 2008 8:48pm Sep 23, 2008 8:48pm
Quoting moutekitrader
Greetings all,
New update on the blog...Gbp/Usd trade...
Make Sure to check it out...
Peace,
-Mouteki
Im on it.

Thanks Mouteki
  • #966
  • Sep 23, 2008 9:27pm Sep 23, 2008 9:27pm
Thank you very much, Mouteki
  • #967
  • Sep 23, 2008 9:32pm Sep 23, 2008 9:32pm
Nobody answered before so I redid my chart using that indicator posted a few posts back.

Someone PLEASE tell me if I'm wrong here.

This is my 4 hour chart of the EUR/USD. This is what I see:

1. Clear respect of the 610 Fibonacci zone, followed by a retracement to the 61.8 level of both the light and dark blue retracement lines.
2. Clear respect of the first expansion zone (61.8, red), followed by a retracement to the 50.0 level of both the light and dark blue retracement lines.
3. Clear respect of the 987 Fibonacci zone, to where it will retrace is unknown but I predict it will retrace to the 377 Fib Zone (where the light and dark blue retracement lines overlap), or to the light blue 38.2 (where light and blue also overlap).
4. Then it should go upwards to the 161.8 red expansion and the 1597 Fib Zone.

Is this correct? I am having some trouble with all this and would really appreciate some guidance with where I went wrong, or if someone else has other conclusions.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd3.gif Size: 17 KB
  • #968
  • Sep 23, 2008 9:35pm Sep 23, 2008 9:35pm
Quoting Fx Pipin
Guys we have harmony here in the north direction...

Take a look at my chart my entry will be when it retraces to the 377 level which overlaps 50.0% fib !

I mean all in all we are shortening the dollar this is a pair that correspond with the other USD pair.
Well lets take a look.

144 was respected going up and on a retrace as well. There was no respect of Fibs on its way up bewtween the 144 FZ AND the 610 FZ. It did respect the FE 61.8 from the first move. However, I think you gonna have to wait for a bigger retracement and more respecting before harmony can be declared outright.

I am not saying you cant take your chances at the 377, but my advice is to wait for more respecting on the retracement. Just not enough respect for me. I like to see respect like that which exists in the USD/CHF, EUR/USD, AUD/NZD,.... I like to be sure. I like to see the bouncing between FZ'S (overlapping retracements).

Now, it MAY develop into nice harmony. Let's watch it.

Keep working man.
  • #969
  • Sep 23, 2008 9:36pm Sep 23, 2008 9:36pm
Quoting monkey
Nobody answered before so I redid my chart using that indicator posted a few posts back.

Someone PLEASE tell me if I'm wrong here.

This is my 4 hour chart of the EUR/USD. This is what I see:

1. Clear respect of the 610 Fibonacci zone, followed by a retracement to the 61.8 level of both the light and dark blue retracement lines.
2. Clear respect of the first expansion zone (61.8, red), followed by a retracement to the 50.0 level of both the light and dark blue retracement lines.
3. Clear respect of the 987 Fibonacci zone, to where it will retrace is unknown but I predict it will retrace to the 377 Fib Zone (where the light and dark blue retracement lines overlap), or to the light blue 38.2 (where light and blue also overlap).
4. Then it should go upwards to the 161.8 red expansion and the 1597 Fib Zone.

Is this correct? I am having some trouble with all this and would really appreciate some guidance with where I went wrong, or if someone else has other conclusions.

Thanks.
Im looking for it to retrace to the 610, which would be 38% of the last move up, and then continue on to the 1597.

Retrace below 610 and we might be going down for a bit.

I'm learning this method just as you are anyways, so we'll see.
  • #970
  • Sep 23, 2008 9:48pm Sep 23, 2008 9:48pm
Quoting monkey
Nobody answered before so I redid my chart using that indicator posted a few posts back.

Someone PLEASE tell me if I'm wrong here.

This is my 4 hour chart of the EUR/USD. This is what I see:

1. Clear respect of the 610 Fibonacci zone, followed by a retracement to the 61.8 level of both the light and dark blue retracement lines.
2. Clear respect of the first expansion zone (61.8, red), followed by a retracement to the 50.0 level of both the light and dark blue retracement lines.
3. Clear respect of the 987 Fibonacci zone, to where it will retrace is unknown but I predict it will retrace to the 377 Fib Zone (where the light and dark blue retracement lines overlap), or to the light blue 38.2 (where light and blue also overlap).
4. Then it should go upwards to the 161.8 red expansion and the 1597 Fib Zone.

Is this correct? I am having some trouble with all this and would really appreciate some guidance with where I went wrong, or if someone else has other conclusions.

Thanks.
I think what you have there is ok but you are missing some moves. You can place one from the zone zero to the high of the candle that barely broke the 144 FZ and do the same for the candle at the 233 FZ.

You will then see more overlapping at the Fib zones, hence making you feel more confident of your "map".
  • #971
  • Sep 23, 2008 9:56pm Sep 23, 2008 9:56pm
Quoting monkey
Nobody answered before so I redid my chart using that indicator posted a few posts back.

Someone PLEASE tell me if I'm wrong here.

This is my 4 hour chart of the EUR/USD. This is what I see:

1. Clear respect of the 610 Fibonacci zone, followed by a retracement to the 61.8 level of both the light and dark blue retracement lines.
2. Clear respect of the first expansion zone (61.8, red), followed by a retracement to the 50.0 level of both the light and dark blue retracement lines.
3. Clear respect of the 987 Fibonacci zone, to where it will retrace is unknown but I predict it will retrace to the 377 Fib Zone (where the light and dark blue retracement lines overlap), or to the light blue 38.2 (where light and blue also overlap).
4. Then it should go upwards to the 161.8 red expansion and the 1597 Fib Zone.

Is this correct? I am having some trouble with all this and would really appreciate some guidance with where I went wrong, or if someone else has other conclusions.

Thanks.
To reach 377 price has to break 610. Price might just bounce off 610 I guess but you could be rite too.
  • #972
  • Sep 23, 2008 10:28pm Sep 23, 2008 10:28pm
Quoting Yaad
Im looking for it to retrace to the 610, which would be 38% of the last move up, and then continue on to the 1597.

Retrace below 610 and we might be going down for a bit.

I'm learning this method just as you are anyways, so we'll see.
That's what I'm seeing as well. Although, if you saw Mouteki's last video (on the gbp/usd), he said that eur usually pays out to the 987 most of the time and not too often to 1597. He also said you could start your fib zones going down--which I did and it has already taken out the 144 and 233. If it retraces from these zones and heads back down and starts showing respect to the fibs, then we could see that this up move has played out. But I'm also still learning, but those are my thoughts. Not sure if it's much help.
  • #973
  • Sep 23, 2008 10:30pm Sep 23, 2008 10:30pm
Thank you all for replying with your insights, I'm glad that I seem to be getting the basics somewhat.
  • #974
  • Sep 23, 2008 10:57pm Sep 23, 2008 10:57pm
Quoting 4xisfun
That's what I'm seeing as well. Although, if you saw Mouteki's last video (on the gbp/usd), he said that eur usually pays out to the 987 most of the time and not too often to 1597. He also said you could start your fib zones going down--which I did and it has already taken out the 144 and 233. If it retraces from these zones and heads back down and starts showing respect to the fibs, then we could see that this up move has played out. But I'm also still learning, but those are my thoughts. Not sure if it's much help.
I did catch 161 pips on the way down to the 233 earlier today, so it might well be a reversal, just have to wait and see.
  • #975
  • Sep 23, 2008 11:39pm Sep 23, 2008 11:39pm
Guys, take a look at the EUR/CAD. Set up your map and you will see that 610 must be taken out!
  • #976
  • Edited 1:45am Sep 24, 2008 1:32am | Edited 1:45am
hi Mouteki and thanks for that new video.

each time I watch the videos , I discover that there is a set of rules that u use , and that is not only drawing the fib tools and look for respects ...

for example , I've noticed from the last 3 videos , that you are not getting into a trade just because price respected any fib retracement level , but you are waiting that the price will respect a FZ & overlapping a retracement , than hit 61 \ 100 expansion , and just after the next fib retracement\FZ was being respected , you enter to a trade , expecting the price to hit the next fib exp.

please correct me if Im wrong here , and I'll love to hear if somone else noticed any more rules in the videos...

thanks.
  • #977
  • Edited 3:18am Sep 24, 2008 2:36am | Edited 3:18am
Quoting Barak's pip
hi Mouteki and thanks for that new video.

each time I watch the videos , I discover that there is a set of rules that u use , and that is not only drawing the fib tools and look for respects ...

for example , I've noticed from the last 3 videos , that you are not getting into a trade just because price respected any fib retracement level , but you are waiting that the price will respect a FZ & overlapping a retracement , than hit 61 \ 100 expansion , and just after the next fib retracement\FZ was being respected , you enter to a trade , expecting the price to hit the next fib exp.

please correct me if Im wrong here , and I'll love to hear if somone else noticed any more rules in the videos...

thanks.
I think that you're correct, we are being told how to find the best entries by finding trades that meet a three step criteria:

First a move to the 610 FZ followed by pull back to respect a 38 / 50 / 61 retracement with an overlap of a smaller FZ

Second a continuation to take out a 61 or 100 expansion

Third a further pull back to respect the new 38 / 50 / 61 retracement that overlaps a Fib Zone

A trade is only entered after the third move - i.e. the second pull back

The target then is the 987 FZ or the larger expansions from the second move.

I'm certain that there is more to add and I need to re-run the videos as soon as I have time
Trading Levels with WRBs
  • #978
  • Sep 24, 2008 2:57am Sep 24, 2008 2:57am
thanks ...

I think the rules that u mentioned are the most important ones ...

also , in the last videos - he said that price going to the 987 , 1597 is not common ..

and another one , if price almost touched a 161 \ 100 exp. but turned around and left a tails , it will retrace ,respect those FZ\FR that u mentioned and will hit it eventually .

If I'll remember anything else I'll post it .

the only thing missing for that method being complete is: the volumes matter ,which will make the forex trading a lot easier.
  • #979
  • Sep 24, 2008 3:07am Sep 24, 2008 3:07am
Quoting Barak's pip
thanks ...

I think the rules that u mentioned are the most important ones ...

also , in the last videos - he said that price going to the 987 , 1597 is not common ..

and another one , if price almost touched a 161 \ 100 exp. but turned around and left a tails , it will retrace ,respect those FZ\FR that u mentioned and will hit it eventually .

If I'll remember anything else I'll post it .

the only thing missing for that method being complete is: the volumes matter ,which will make the forex trading a lot easier.

It is quite obvious he is waiting for clear confirmation before entering in his last video. Hope he will put all these together as rules in his PDF.
  • #980
  • Edited 3:21am Sep 24, 2008 3:10am | Edited 3:21am
Quoting Barak's pip
thanks ...

I think the rules that u mentioned are the most important ones ...

also , in the last videos - he said that price going to the 987 , 1597 is not common ..

and another one , if price almost touched a 161 \ 100 exp. but turned around and left a tails , it will retrace ,respect those FZ\FR that u mentioned and will hit it eventually .

If I'll remember anything else I'll post it .

the only thing missing for that method being complete is: the volumes matter ,which will make the forex trading a lot easier.
I've just watched the latest video and have modified my post above for greater clarity.

Also, whilst the 987 FZ often holds the moves in the Euro and Swissy, Cable often makes it to the 1597 FZ
Trading Levels with WRBs
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