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New Mouteki Method...

  • #1,121
  • Sep 26, 2008 2:37am Sep 26, 2008 2:37am
Quoting DOVOFreak
While waiting for Mouteki to release his PDF document, I decided that I should create one based on the input from this thread. Since I only trade in EUR/USD, I went back to the pages and extracted all those postings on EU only which I think is essential to understand the new Mouteki method. My aim is to use this document that I can refer to when I review the movement of EU since Mouteki introduce this new method.

I included the date and time (Forex Factory time) and the author in the document so that if need be I can go back to that page to review other postings related to it.

I want to thank ozziedave for starting to put in his analysis of EU pair using the new Mouteki method and inpired me to learn more on this method. I have started trading using the new Mouteki method and what it thought me most is that patient is key in using this method to catch the big move.

Hope this document is useful to those who trade EU pair. Also hoping that similar document on other pairs will be compiled by other who trade them.

Still waiting patiently for the real Mouteki's PDF document.
Hi Dovo,

The pdf is very good, puts together all of the thoughts on the EUR in one place. Kudos to you..Dovo. For the most part, I've only traded the EUR and CHF since starting with the Mouteki Method. I've analysised other pairs but have stuck with trading the majors. In Mouteki's last video he made a statement about coming up with a way to pull apart those hugh swings and trade them both up and down. That is what I was attempting to do early on when I started to use the fib zones going in both directions when I recognised there was a clear change in direction after a big move either up or down. I know that was confusing for some of you but I hope it makes more sense to you now. I haven't caught any of the 300 or 400 pip moves yet, but I can say that I've banked well over 500 pips in the past 2 weeks picking apart the smaller moves. I don't say this to impress any of you, I am sharing this to let you know that it is very possible to accomplish that. At first I thought I was having a run of beginers luck but over the 2 week period the fib zones have proven to be uncanny at leaving clues about what direction the pairs are moving.

I will say this to everyone...study..study and study your charts and learn these fib zones and how to trade them.

Thank you Mouteki for sharing this invaluable information with all of us here at the Factory.
  • #1,122
  • Sep 26, 2008 2:53am Sep 26, 2008 2:53am
Quoting ozziedave
Hi Dovo,

The pdf is very good, puts together all of the thoughts on the EUR in one place. Kudos to you..Dovo. For the most part, I've only traded the EUR and CHF since starting with the Mouteki Method. I've analysised other pairs but have stuck with trading the majors. In Mouteki's last video he made a statement about coming up with a way to pull apart those hugh swings and trade them both up and down. That is what I was attempting to do early on when I started to use the fib zones going in both directions when I recognised there was a clear change in direction after a big move either up or down. I know that was confusing for some of you but I hope it makes more sense to you now. I haven't caught any of the 300 or 400 pip moves yet, but I can say that I've banked well over 500 pips in the past 2 weeks picking apart the smaller moves. I don't say this to impress any of you, I am sharing this to let you know that it is very possible to accomplish that. At first I thought I was having a run of beginers luck but over the 2 week period the fib zones have proven to be uncanny at leaving clues about what direction the pairs are moving.

I will say this to everyone...study..study and study your charts and learn these fib zones and how to trade them.

Thank you Mouteki for sharing this invaluable information with all of us here at the Factory.
Well I have had some success with those smaller moves as well, bagged 356 pips this week, albeit on demo, but I'm learning a lot as I go along.

Would like to say thanks to Mouteki has well, he has really opened my eyes to lots of stuff so far, looking forward to his continued teachings.
  • #1,123
  • Sep 26, 2008 5:01am Sep 26, 2008 5:01am
Quoting Hwd


I think so.

Reasons:

1. Total respect for the 233 FZ

2. Takes out FE 61.8 with total respect then rebounds.

3. Good Respects at FZ 377

4. Rebounds at FZ 377 and respects FZ 233 again.

Indicates that FZ 610 should be taken out.

This pair's setup is very similar to the EUR/CAD, which I have asked the members of the forum to give feedback but I guess people are more interested in the majors, though Mouteki has said in his videos not to get stuck on the majors.

However, some more input on the AUD/CAD would be appreciated.

Thanks for recommending this pair.
Finally some response

I am expecting another retracement to around 0.8645 then short from there. 610 should be taken out then.. what you guys think?
Lets Soar The Sky
  • #1,124
  • Sep 26, 2008 5:06am Sep 26, 2008 5:06am
On his forex truth 7 video he mentioned about NZD/CHF

i started a short on this pair from 0.7510, its been doing ranging for last 3 days. I am just wondering what are u guys' views on this pair.

Abit directionless at the moment
Lets Soar The Sky
  • #1,125
  • Sep 26, 2008 5:12am Sep 26, 2008 5:12am
I am experiencing problem with the pdf as well...
tried about 20 times.... doesnt work for me
Lets Soar The Sky
  • #1,126
  • Sep 26, 2008 5:39am Sep 26, 2008 5:39am
For those who don't follow 'The Real Thing' , here are links to a couple of good articles on the proposed bailout.

http://financialsense.com/fsu/editor...2008/0923.html

This second one tries to print itself - be warned.

http://www.elliottwave.com/freeupdat...-Own-Good.aspx

Please note that I do not follow or endorse the methodologies at these sites, I do not know if TRT does or not. I am juat posting them so that the US based guys can see what some people think about it.
  • #1,127
  • Sep 26, 2008 5:42am Sep 26, 2008 5:42am
Quoting soartosky
I am experiencing problem with the pdf as well...
tried about 20 times.... doesnt work for me
Hmm, I have no idea why some can download the file and view it while other cannot. Might be due to the version of the converter I used to convert it to the PDF file. If you need the original Word document, send me an email at [email protected] and I'll send you the softcopy.
  • #1,128
  • Sep 26, 2008 5:49am Sep 26, 2008 5:49am
Quoting ozziedave
Hi Dovo,

The pdf is very good, puts together all of the thoughts on the EUR in one place. Kudos to you..Dovo. For the most part, I've only traded the EUR and CHF since starting with the Mouteki Method. I've analysised other pairs but have stuck with trading the majors. In Mouteki's last video he made a statement about coming up with a way to pull apart those hugh swings and trade them both up and down. That is what I was attempting to do early on when I started to use the fib zones going in both directions when I recognised there was a clear change in direction after a big move either up or down. I know that was confusing for some of you but I hope it makes more sense to you now. I haven't caught any of the 300 or 400 pip moves yet, but I can say that I've banked well over 500 pips in the past 2 weeks picking apart the smaller moves. I don't say this to impress any of you, I am sharing this to let you know that it is very possible to accomplish that. At first I thought I was having a run of beginers luck but over the 2 week period the fib zones have proven to be uncanny at leaving clues about what direction the pairs are moving.

I will say this to everyone...study..study and study your charts and learn these fib zones and how to trade them.

Thank you Mouteki for sharing this invaluable information with all of us here at the Factory.
Hi ozziedave,

My idea of putting together the document is (ask you said) to put together all the thoughts on the EUR/USD pair in one place. I print out my document and at time reference it while I reviewing the movement of this pair.

I also haven't been able to catch some of the big move as I only enter when the move has started. I have learned from the collected thinking in this document and anticipate the direction of the pair but I am still pretty weak in my entry. It would be great if you could share some of the recent entries that you have made and how you made that decision.

Thanx.
  • #1,129
  • Sep 26, 2008 6:58am Sep 26, 2008 6:58am
hi ,

I would like to ask if the currency set ups in the Mouteki's blog are still relevant .. specially the cad\jpy , since it respected the 61.8 and overlapped the 377 FZ , and began falling - if it is still relevant there is a long ride all the way to the 1597 FZ... please comment .

and another setup that looks good is the aud\chf ...

please reply.
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  • #1,130
  • Sep 26, 2008 7:50am Sep 26, 2008 7:50am
Quoting ianf0ster
For those who don't follow 'The Real Thing' , here are links to a couple of good articles on the proposed bailout.

http://financialsense.com/fsu/editor...2008/0923.html

This second one tries to print itself - be warned.

http://www.elliottwave.com/freeupdat...-Own-Good.aspx

Please note that I do not follow or endorse the methodologies at these sites, I do not know if TRT does or not. I am juat posting them so that the US based guys can see what some people think about it.
Thanks Ian - IMO that's a great summary of the current "attempted" scam.

For those - like me - who wondered why the Euro and Swissy turned during a usually quiet time of the morning, here's the answer - more help from the PPT - aka the US Governments "special" fund.....

http://money.cnn.com/2008/09/26/news...ion=2008092606
Trading Levels with WRBs
  • #1,131
  • Sep 26, 2008 8:13am Sep 26, 2008 8:13am
be ready this afternoon eurusd goes south
  • #1,132
  • Sep 26, 2008 8:27am Sep 26, 2008 8:27am
Ok guys. . .it went down retraced to 61.8, took out the 61.8 exp., retraced perfectly to the 38.2--headed for the 610 at 4492 area?? We'll see what happens. . .
  • #1,133
  • Sep 26, 2008 8:30am Sep 26, 2008 8:30am
Quoting 4xisfun
Ok guys. . .it went down retraced to 61.8, took out the 61.8 exp., retraced perfectly to the 38.2--headed for the 610 at 4492 area?? We'll see what happens. . .
i'll get the popcorn and some beer and relax in front of the charts...
  • #1,134
  • Edited 2:21pm Sep 26, 2008 9:27am | Edited 2:21pm
The chart may look a bot messy, but the key point is as follows:

EU had a sticky level at 1.4600:

(a) it's a round number
(b) 61.8 expansion from a previous major move UP
(c) 61.8 expansion from a previous move DOWN, which was a
(d) 61.8% retracement from the move UP
(e) PPZ (see James16 thread) dating back to Oct 2007 (!)

Once that level is cleared (in either direction), we could have more idea where EU is heading.

Have a nice weekend, everybody!
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One Chart is Worth Ten Thousand Words.
  • #1,135
  • Sep 26, 2008 10:26am Sep 26, 2008 10:26am
What are your thoughts on AUD/USD ? To me it seems like it's going down to where the FE100 and the 50 level of retracement of the previous move up overlap perfectly.
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  • #1,136
  • Sep 26, 2008 1:34pm Sep 26, 2008 1:34pm
Quoting 4xisfun
Ok guys. . .it went down retraced to 61.8, took out the 61.8 exp., retraced perfectly to the 38.2--headed for the 610 at 4492 area?? We'll see what happens. . .
Just thinking out loud what element is missing in the current move it doesn't move to the 610 level? With the bailout not finalize, there is just no enough volume to push it down. So, we need to wait for the next move which might come most likely next week. By then would the fundamental support this move. Watching the fib and price action now.
  • #1,137
  • Sep 26, 2008 1:39pm Sep 26, 2008 1:39pm
Hello,


Can someone tell me which one of these set ups is valid. Going short and long both seem to be obeying the fiz zones, how do you decide?




Thanks,
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  • #1,138
  • Sep 26, 2008 2:17pm Sep 26, 2008 2:17pm
I really appriciate all the efforts of Mouteki , and all the hard work invested in the videos .

after watching the videos for the 4th time and took close attentiion to all the details , I have a feeling that there is still something missing , when I look at currency pairs , and trying to find harmony with all the fib tools , zones , exp. & retracements , I often find that a lot of pairs seem like in harmony , but after a while the loose the harmony . although most of the pairs I've been looking at where in an early developement of a move - meaning , they move from the 0 FZ , passed the 144 , respected the 233 and turned back , at this phase I took the retracement tool to find a respect level before it will continue the original move - and then I found that although there was a respect , and it looked like the pair is going back on track and hit the fib expansions , it began moving towards the original move direction , but then reversed and retraced again ,sometimes to the last level it respected and even passed it a little bit leaving a "tail" , and sometimes it went to a higher \ lower level and respect it , only it takes the sl on the way .

my questions are :

1-how a person detemine when a move finished and we start looking at the oposite direction? (like in the cases of eur\usd , chf\usd).

2-how many respects of fib levels , fib zones & fib expensions has to be before we develope interest for the pair?

3-when do we know when a pair is done respecting a fib level and is ready to go to the next exp. level , for a example the scenario we have in the cad\jpy right now (which was topic of vid 8), the pair was respecting 61.8 level of the big move it made , began going south , but then turned around respected that level again & overlapped it to 377 level , again moved south ... and now turned again - what do we do in this case ?

please , Mouteki , or anyone that have answers to the questions I posted , your answers will be highlly apriciated.

Barak.
  • #1,139
  • Sep 26, 2008 2:44pm Sep 26, 2008 2:44pm
Hi I am new to this thread. My question is, where should I start? Should I read all of the old thread and all of the new thread and then the videos, or just go straight to the videos? where do I get the template and tool setup that people are using? Mouteki, can you please add the template to the first post that you use daily? How does this compare to bobokus method? thanks!

The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,140
  • Edited 5:24pm Sep 26, 2008 5:13pm | Edited 5:24pm
I see alot of people are confused about when does a move reverse and how do I know that I should pull my fib in the opposite direction. I thought I would put up a few charts and give you my thoughts on how I determine when to pull fibs in the opposite direction.

Let's take a look at the 1hr GBPUSD chart.

So price has been in an uptrend and we have detremined there is harmony in that direction. I won't show the early fibs because they just clutter up the chart. One of the first things I do is with every new swing high I pull a fib and then wait to see if price action validates that fib. So what do I mean by "validates" the fib. Take a look at Fib A. For Fib A to be validated, price needs to retrace to one of the inner fib retracement levels (38,50,61) and then reverse and continue in the original direction of the current trend. In this case you can see at point A we have a reversal and Fib A becomes validated. So now that Fib A is validated what do we look for next? The next thing we are looking for is for price to advance and take out the 61% Fib Expansion of the Fib A move. As you can see this was done at point B. Each time the next fib expansion level is taken out it just confirms the move should continue in the up direction. When the 61 Fib Expansion is taken out what do we look for next? According to Mouteki what typically happens is we have a retracement before the move continues. Look at what happens next, we have a retracement in the down direction just after we take out the 61 Fib Expansion and the move continues up and takes out the 987 Fib Zone at point C. Typically what you want to do is identify this type of move early on in the tend. Especially when price gets to the 377 and 610 Fib Zones. There are 200-500 pips in between these zones and the next higher zone. These are the moves Mouteki is looking to ride. This example IMO is a text book Mouteki set up althought rather late in the trend.

Don't we all wish that we could just identify these set ups over and over again...

Next Lesson: What do we do now that we've taken out the 987 Fib Zone?
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