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New Mouteki Method...

  • #1,201
  • Sep 29, 2008 2:12am Sep 29, 2008 2:12am
Quoting Sirens
Yes... I got it and I just got out , took some heat as well. I took a macro market view and realized the AUD was in a complete downtrend. I remapped a fib sequence using a downtrend fib zone zero point @.8807. There appears to be harmony, not as smooth of harmony as in the uptrend Mouteki showed us. I am waiting to see what happens... I got out once the candle passe the 233 fib zone. If i see a strong uptrend candle I will probably reenter long. If the down trend continues I will further look into my new fib zones

I'm still in... R:R is very very good however I'm getting closed to stopped out.

would exit most probably when price close below 144 level.
  • #1,202
  • Sep 29, 2008 2:14am Sep 29, 2008 2:14am
Quoting Sirens
Yes... I got it and I just got out , took some heat as well. I took a macro market view and realized the AUD was in a complete downtrend. I remapped a fib sequence using a downtrend fib zone zero point @.8807. There appears to be harmony, not as smooth of harmony as in the uptrend Mouteki showed us. I am waiting to see what happens... I got out once the candle passe the 233 fib zone. If i see a strong uptrend candle I will probably reenter long. If the down trend continues I will further look into my new fib zones
I only trade majors anyway but I noticed the same thing, there appears to be a great deal of harmony in the downtrend. I would be a little hesitant to enter long at the moment
  • #1,203
  • Sep 29, 2008 2:15am Sep 29, 2008 2:15am
since price bounced off the fib zone, im still in..

i may close if i get a 4hr close below the zone..

hope it doesn't happen though.. looks like a very sweet trade to be in actually looking at the harmony.

Quoting speedtrader8
I'm still in... R:R is very very good however I'm getting closed to stopped out.

would exit most probably when price close below 144 level.
  • #1,204
  • Sep 29, 2008 2:27am Sep 29, 2008 2:27am
I am still waiting to enter the USD/CHF.

Is anyone also waiting to enter this?

It has just hit another fib zone, not sure if the retracement is done though. Anyone suggest where to enter?

Am I the only one waiting to short this?
  • #1,205
  • Sep 29, 2008 2:36am Sep 29, 2008 2:36am
is usdchf still valid setup fo down?
The Market pays you to be disciplined
  • #1,206
  • Sep 29, 2008 2:51am Sep 29, 2008 2:51am
hey Mouteki \ thread guys,

great video , there is no doubt that you are an expert in the forex market .
now I have some questions I hope u can answer :
1.about that awesome oscillator (AO) , are u using it's default settings , or u put in some other settings - and if u do , what r those?

2.I would like to ask what is your oppinion as proffesional on all those companies that supply charts and real time data on volumes - like e-signal and others , does it worth trying to use theire services?

3.as we see now , the aud \ cad is falling down , and it's look like that the new 0 point is at 0.8808 , what are u doing when a currency pair fits 2 different 0 points and fib tools set ups , one for down move and one for an up move - like we can see now in the aud\cad?

hope u can answer the qeustions - it is really important to me , and I hope to see more of your videos - it's the most powerful stuff I have ever seen in forex ...

thank you so much for your efforts,
Barak.
  • #1,207
  • Sep 29, 2008 2:53am Sep 29, 2008 2:53am
Quoting Barak's pip
hey Mouteki \ thread guys,

great video , there is no doubt that you are an expert in the forex market .
now I have some questions I hope u can answer :
1.about that awesome oscillator (AO) , are u using it's default settings , or u put in some other settings - and if u do , what r those?

2.I would like to ask what is your oppinion as proffesional on all those companies that supply charts and real time data on volumes - like e-signal and others , does it worth trying to use theire services?

3.as we see now , the aud \ cad is falling down , and it's look like that the new 0 point is at 0.8808 , what are u doing when a currency pair fits 2 different 0 points and fib tools set ups , one for down move and one for an up move - like we can see now in the aud\cad?

hope u can answer the qeustions - it is really important to me , and I hope to see more of your videos - it's the most powerful stuff I have ever seen in forex ...

thank you so much for your efforts,
Barak.
if someone knows the answer to #3 i would love to hear it.. this is where things get tricky because harmony is found in 2 diff directions at times.. knowing which one is the right one well if we knew that i wouldent be on the fourms i would be busy making money
  • #1,208
  • Sep 29, 2008 2:57am Sep 29, 2008 2:57am
looking at the action now, i believe audcad would go to the 89 level MAX, before retracing back to the 144 level. i will look to long again around 8490 with tight stop.


maybe mouteki can comment?
  • #1,209
  • Edited 4:32am Sep 29, 2008 4:07am | Edited 4:32am
Looking at the 1H TF for this pair, with Mouteki introducing the AO indicator, I see that there is divergence between the AO indicator and the price. Is it a sign that reversal will happen within the hour? Also noticed that the price didn't drop to the 89 fib zone and the 100 expansion of the latest down move. I am waiting at the sideline and watch the fib.

Edit: Well spoke too soon, it took out the 100 expansion and also the 89 fib zone. Where do we go from here?
  • #1,210
  • Sep 29, 2008 4:46am Sep 29, 2008 4:46am
I believe there should be a bounce at least to the 144 level.

But it seems that Mouteki analysis was wrong this time.

I am very tempted to go long, but do not have the balls because if this level does not hold, the next support would most probably be at the 0 level, or the smaller fib numbers, as there are no more fib retracements.

another alternative could be to wait for AO to cross 0, but this would sometimes give late signals, and huge bars may have occured already, giving RR not attractive.

Regarding divergences on AO, I wouldn't put all my focus there, as it can be quite subjective. Negative Divergences does not mean reversal, it can also become continuation of the move after a rest.
  • #1,211
  • Sep 29, 2008 4:57am Sep 29, 2008 4:57am
Quoting DOVOFreak
Looking at the 1H TF for this pair, with Mouteki introducing the AO indicator, I see that there is divergence between the AO indicator and the price. Is it a sign that reversal will happen within the hour? Also noticed that the price didn't drop to the 89 fib zone and the 100 expansion of the latest down move. I am waiting at the sideline and watch the fib.

Edit: Well spoke too soon, it took out the 100 expansion and also the 89 fib zone. Where do we go from here?
well , like you see in the chart attached - it is all in the prespective ... in this chart you can see that it hit 100 fib exp.

this is the one thing that drives me crazy - the same question I've been asking over and over again ...."how can we know which fib set is relevant (upside or downside) , while in the same time currency pair looks like it is in harmony for both sides?"....

I guess this is the trazillion $ answer - but my oppinion that there r some way to deal with a pair that looks in harmony for 2 directions ... I'll post later charts.
Attached Image (click to enlarge)
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  • #1,212
  • Sep 29, 2008 5:36am Sep 29, 2008 5:36am
hahah if mouteki didn't describe the audcad as the perfect setup maybe we were up 300 pips now...
  • #1,213
  • Sep 29, 2008 6:08am Sep 29, 2008 6:08am
Quoting Potax
hahah if mouteki didn't describe the audcad as the perfect setup maybe we were up 300 pips now...
it's not the issue , if we were 300 pips up or down ... what I was trying to emphasize is the scenario that a pair looks in harmony for 2 directions , if that what u meant?

by no means I was trying to question Mouteki's experience or his system , it's a wonderfull method - and he said himself that it works 3:4 times (which is 75% and it's great) , in my last post I was just using a great scenario - a pair that look perfect for long and short in the same time.
  • #1,214
  • Sep 29, 2008 6:31am Sep 29, 2008 6:31am
Mouteki,

Thanks for the latest video. The system is just awesome with the AO added.

Harry
  • #1,215
  • Sep 29, 2008 6:33am Sep 29, 2008 6:33am
I believe there is no more harmony for a long on this pair. Why ? Becouse it disrespect the last fib retracement of 61.8% .
  • #1,216
  • Sep 29, 2008 6:44am Sep 29, 2008 6:44am
Why are you guys not talking about the EUR/USD? Because that looks like a good deal to me. Almost to 61.8 level and 377 at the same time. Looks like a long to me @ 1.4250.

Maarten

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdee.GIF Size: 30 KB
  • #1,217
  • Sep 29, 2008 6:59am Sep 29, 2008 6:59am
thanks for that 2nd video , really helped , as I understand u r looking at all times for 2 directions ? and this is why u put 2 sets of fib zones one for a north move and one for south ? and than r u just wait and see to which way it is making more sense for it to go ?


and if it is not to much trouble for u , I would like to ask - if u can make an update about the cad\jpy that u talked about in the last videos ...
  • #1,218
  • Sep 29, 2008 7:04am Sep 29, 2008 7:04am
Quoting Barak's pip
it's not the issue , if we were 300 pips up or down ... what I was trying to emphasize is the scenario that a pair looks in harmony for 2 directions , if that what u meant?

by no means I was trying to question Mouteki's experience or his system , it's a wonderfull method - and he said himself that it works 3:4 times (which is 75% and it's great) , in my last post I was just using a great scenario - a pair that look perfect for long and short in the same time.
yes,mouteki's strategy is really effective but he repeated more than once in the video that it MUST take the 610:he should have said only that there high chances of making a gain
  • #1,219
  • Sep 29, 2008 7:42am Sep 29, 2008 7:42am
anybody knows if its allowed/possible to download all the mouteki videos?
  • #1,220
  • Sep 29, 2008 7:48am Sep 29, 2008 7:48am
Quoting Maarten999
Why are you guys not talking about the EUR/USD? Because that looks like a good deal to me. Almost to 61.8 level and 377 at the same time. Looks like a long to me @ 1.4250.

Maarten
I'd rather see a retracement to 1.4500 and then i will look for a short. Let's see how it develops...
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