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New Mouteki Method...

  • #1,081
  • Sep 25, 2008 10:57am Sep 25, 2008 10:57am
just broke down 987. Where are we heading? Down To 610 @1.8057 or to Fibs (12.6 and 38.3) in between - before major move up to 1597 level. Your opinions?

nchosen
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  • #1,082
  • Sep 25, 2008 11:46am Sep 25, 2008 11:46am
Quoting TimeFreedom
Your time and efforts are greatly appreciated.

TimeFreedom
TimeFreedom,

Concerning my indicator #PH#FibonacciZoneLevels-2:

I have no difficulties with the font size. Just changed the 233 and 377 levels to 20 points and this was no problem while switching to other time frames.

Tried it on a ibfx demo account.

Could you tell me the exact actions you did (levels etc) to get to this problem? Or maybe you have got too many indicators.... It's difficult to tell...
  • #1,083
  • Sep 25, 2008 11:49am Sep 25, 2008 11:49am
Quoting Tamzy1
Hi guys this is my first post though l ve been following this thread, but lam having problems with the indicator. It's ploting values to their 5th decimal point not the 4th and hence my FZ levels and buched together. How do l go about fixing this.
I will apliciate you help.
I think I understand what's going wrong with this one. Your broker version uses 1/10 of pip size. The indicator doesn't work on this one yet, but I will change that.
Please tell me which broker you are using.
  • #1,084
  • Sep 25, 2008 11:58am Sep 25, 2008 11:58am
Quoting booster
26/09/2008 @ 08:00 GMT = 03:00 EST EurUsd may be at 1.4492 for a BIIGGG move north...
Lower Median Line on the yellow Shiff fork.
23 hours after this post the chances are still intact. Adding the fact that on the H4 UsdChf if we draw the Fib Retr. + Fib Ext. from the 1.0687 Low we get the 61.8 FE.

Lets see...

p.s. Sergio, um abraço!
  • #1,085
  • Sep 25, 2008 12:10pm Sep 25, 2008 12:10pm
Hey, hey, hey. . .we just took out the 61.8 expansion level from this move down from the 4866 area after retracing to 61.8 retracement!! Down move started?? Maybe. . .
  • #1,086
  • Edited 12:26pm Sep 25, 2008 12:21pm | Edited 12:26pm
The 61.8 expansion level is respected in the latest down move. I believe it will temporary retrace back toward the 233 fib zone. I wait for it to retrace further up to see if there is harmony in this retracement.
  • #1,087
  • Sep 25, 2008 12:40pm Sep 25, 2008 12:40pm
eurusd to the next fibzone just below 1.45...see you there...
  • #1,088
  • Sep 25, 2008 12:53pm Sep 25, 2008 12:53pm
Looks like a potential entry is triggered right this minute at the CAD/JPY.

We have an overlapping 377 FZ and the 61.8 FR of the last move , so that's exactly what you are looking for when entering.

This could be a long walk to the 1597 FZ !

I couldn't resist and went short on this one
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  • #1,089
  • Sep 25, 2008 12:58pm Sep 25, 2008 12:58pm
Quoting bassd
Looks like a potential entry is triggered right this minute at the CAD/JPY.

We have an overlapping 377 FZ and the 61.8 FR of the last move , so that's exactly what you are looking for when entering.

This could be a long walk to the 1597 FZ !

I couldn't resist and went short on this one
  • #1,090
  • Sep 25, 2008 1:00pm Sep 25, 2008 1:00pm
Quoting fewhills
I think I understand what's going wrong with this one. Your broker version uses 1/10 of pip size. The indicator doesn't work on this one yet, but I will change that.
Please tell me which broker you are using.

lam using strategybuilderFx metatrader platform
  • #1,091
  • Sep 25, 2008 1:02pm Sep 25, 2008 1:02pm
Quoting Sirens
Sorry, I'm new to the forums. Could you please tell me how I can attach a smaller thumbnail like everyone else does?
NP - I do it the easy way and just reduce the size of my chart so that its not a full size screen on my monitor and then save it.....http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #1,092
  • Sep 25, 2008 1:04pm Sep 25, 2008 1:04pm
Quoting Yaad
Maybe a 4H chart will make things clearer...
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  • #1,093
  • Sep 25, 2008 1:06pm Sep 25, 2008 1:06pm
Just to repeat what I posted early in the European Session :

Quote:
Originally Posted by monkey http://www.forexfactory.com/images/buttons/viewpost.gif
Yeah but if I want to see what others think about the EUR/USD right now using the Mouteki Method, I have to skim through 5 pages and pick out that information every 7th post.
There would only be 4 or 5 sub-forums, for the major majors, then there could be one for the others.

Right now its a pain in the butt when anyone's been away for a few hours catching up and trying to work through the posts.

Firstly, it would help a lot if everyone used the Title Box and put in the pair that they are talking about - that would make it much easier to follow an individual pair.

I think that the idea of Sub Threads is worthwhile considering - like:

Euro vs US Dollar, GBP, Yen

GBP vs US Dollar, CHF, Yen

US Dollar vs CHF, CAD, Yen

AUS $ & NZD$ vs US$, Yen, CHF

Others

What do you guys think?
__________________
Pip Pirate

http://www.forexfactory.com/images/misc/progress.gif

Trading Levels with WRBs
  • #1,094
  • Sep 25, 2008 1:10pm Sep 25, 2008 1:10pm
Quoting bassd
Maybe a 4H chart will make things clearer...
Ah gotcha now, but I think the downside momentum is exhausted.

From 987 all they way to the 377 thats too big of a retracement for me.
  • #1,095
  • Sep 25, 2008 1:22pm Sep 25, 2008 1:22pm
remember that on eur/usd there's the 61.8 fib expansion at 1.4570...
  • #1,096
  • Sep 25, 2008 1:32pm Sep 25, 2008 1:32pm
Quoting Yaad
Ah gotcha now, but I think the downside momentum is exhausted.

From 987 all they way to the 377 thats too big of a retracement for me.

You could be right, but it's still a 61.8 retracement of the last move down. According to Mouteki video's that's a very strong turning point, plus that it's overlapping with a fibzone is even stronger. Also there was news this week not in favor of CAD..
  • #1,097
  • Sep 25, 2008 1:33pm Sep 25, 2008 1:33pm
Quoting Islander
Just to repeat what I posted early in the European Session :

Quote:
Originally Posted by monkey http://www.forexfactory.com/images/buttons/viewpost.gif
Yeah but if I want to see what others think about the EUR/USD right now using the Mouteki Method, I have to skim through 5 pages and pick out that information every 7th post.
There would only be 4 or 5 sub-forums, for the major majors, then there could be one for the others.

Right now its a pain in the butt when anyone's been away for a few hours catching up and trying to work through the posts.

Firstly, it would help a lot if everyone used the Title Box and put in the pair that they are talking about - that would make it much easier to follow an individual pair.

I think that the idea of Sub Threads is worthwhile considering - like:

Euro vs US Dollar, GBP, Yen

GBP vs US Dollar, CHF, Yen

US Dollar vs CHF, CAD, Yen

AUS $ & NZD$ vs US$, Yen, CHF

Others

What do you guys think?
__________________
Pip Pirate

http://www.forexfactory.com/images/misc/progress.gif

Me personally I disagree with the idea becouse that means for me also others would have to jump from one thread to another.

I prefer to just stay on one thread in which i follow the post of a currancy pair that i want to whilecoming across great post of others that i may find interest in. Also the idea should be discuss with the author that created this thread Mouteki.
  • #1,098
  • Sep 25, 2008 2:04pm Sep 25, 2008 2:04pm
Quoting Tamzy1
lam using strategybuilderFx metatrader platform
Try this one. Set Use_Pipets to true.
Attached File(s)
File Type: ex4 #PH#FibonacciZoneLevels-3.ex4   15 KB | 607 downloads
  • #1,099
  • Sep 25, 2008 2:18pm Sep 25, 2008 2:18pm
To those waiting to jump in on USD/CHF - Where do you think we are retracing to?

We keep breaking the 0.0 Fib retracement zone. Are we going all the way back up to Fib Zone 377 before we continue down to 987?
  • #1,100
  • Sep 25, 2008 2:27pm Sep 25, 2008 2:27pm
I see a lot of people discussing getting into trades using the technical analysis portion of the Mouteki Method.

Why are you doing this when the fundamentals are so screwy?

Nobody knows where the USD is going once the government bailout deal is announced (probably on Sunday).

I think that a lot of people are forgetting the fundamental portion of this system (and the volume, which hasn't even been introduced yet!) and jumping into trades or enticing others to (not necessarily intentionally) without considering that this week has been acting like just prior to a major news announcement, probably the biggest news announcement to affect the USD (short and long term) since the Euro was announced. And -nobody- seems to have any idea what this will do to the USD next week.

Correct me if I'm wrong.
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