DislikedAnother myth has gone...;
One more thing that's crossing my mind: is this guy the real Mouteki from the good ole days? Because he doesn't look like Japanese to me.
Ignored
Nick
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
DislikedAnother myth has gone...;
One more thing that's crossing my mind: is this guy the real Mouteki from the good ole days? Because he doesn't look like Japanese to me.
Ignored
DislikedHey Willowgal. Just a tip... if you look at the top right hand corner of the thread, you'll see a little paper clip link (with a number). If you click here, you'll get a list of all attachments to the current thread. In the file list for this thread you'll find a link for something like Fib Level.mq4. That's likely the easiest way to find indicators/experts throughout the site.
Cheers,
mclossonIgnored
DislikedJust because he want to offer it as a service doesn't mean you have to join. You make the call and not him. Some will be willing to pay for the service while other like me who is new will resist.
I don't intend to join but I still value his knowledge sharing. I also think this thread should continue with it existence until those who read it decided that it offer no value anymore.
Stop trashing him until he is proven guilty.Ignored
DislikedJust because he want to offer it as a service doesn't mean you have to join. You make the call and not him. Some will be willing to pay for the service while other like me who is new will resist.
I don't intend to join but I still value his knowledge sharing. I also think this thread should continue with it existence until those who read it decided that it offer no value anymore.
Stop trashing him until he is proven guilty.Ignored
DislikedI have been a silent lurker on Forex Factory for over 3 years. Only extracting information and rarely posting. I've never seen & still see no benefit of posting. Just a huge drain on the greatest commodity "TIME".
Mouteki should have made his intentions clear at the start. There is nothing wrong with a paying an individual to learn - We have all had to pay for an education in one form or another or we would all be cavemen.
Below are quotes from Mouteki on 1st September 2008, where he could have stated his plan for a paid service and advised people to trial the blog videos before choosing whether to join the paid club or not. Instead he reiterated that he had no intention of charging people to learn his methods.
Quote:
http://www.forexfactory.com/images/s...n/post_old.gif Sep 1, 2008 11:59pm
http://www.forexfactory.com/nfs/cust...atar9890_2.gifmoutekitrader
Infractions Overload
Member Since May 2006
Posts: 191
http://www.forexfactory.com/images/icons/icon1.gif Just for the record...
"I DO NOT have any intention of trying to make you pay for what I'm teaching you."
"Honestly...I know that I don't have to do this. People have even offered me money because of what I'm teaching...and I don't want your money. I don't need it. I wanted to give back to the very forum that taught me so much about trading years ago, and give someone else a chance to finally succeed."
"I've been in your position when I first started out, and I know how much it sucks to be scammed, or not get something. I completely understand. That's why I'm doing what I'm doing...so that you'll finally be able to trade. For me, it's honestly fun to help those who can't grasp the concepts that I'm showing."
"So...that being said...to log-in to the forum and see comments about how "I'm doing this for the money" or how "I plan to charge for these teaching" or how "this is all a sales ploy" REALLY, REALLY pisses me off".
"I want you all to realize that I can live the rest of my life without ever having to turn on my computer again. I could take all my funds out of the world bank and disappear and never have to worry about anything ever again."
"I'm doing this FOR YOU...NOT FOR ME."
Now to seperate the speculation from the Fact.
Does Fibonacci Work in Forex ? - "A Family member of mine works in the Forex Prop Trading department - Investment Banking of one of the largest UK Bank's in Canary Wharf - London - UK. Only Tech analysis he applies is Fibs and have been succesfull for over 20 Years.
"So does Fibonacci Work In Forex" ? - YES
Is the Screen Shot of Mouteki's trades a demo account ? - Who Knows
Is the BMW rented ? - I doubt it. You can buy one 2nd hand for £15,000,00. If he was going to rent a car then he would probably have rented a Ferrari.
Should Mouteki have made his intentions clear from the beggining ? - YES
Should I Join the private club ? – Maybe, you could spend a couple of hundred dollars on a whole lot worse in forex.
No Successful trader in the world is going to give up the secret of his success for free. Sucecssful trading requires years of dedication and practise.
The whole notion of giving back to others in the Financial Markets for free is BULLSHIT. Profit can only be made when others lose.
Ignored
DislikedWhile 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.Ignored
DislikedHi All,
I actually kind of expected this would happen. I agree with alot of what's been said in the past few posts about this turning into a paid service. The trades that Mouteki showed were in a demo account, most traders wouldn't show their "live" account. That doesn't mean that he didn't have the trades on in his own personal account. Now, I seriously doubt the Mouteki's making 500K or even 50K a week, otherwise why would you bother with chump change for a paid subcription website. Most professional traders making that kind of money if they do mentor an individual will charge 1000's of dollars.
Ok ..with all of that said...if Mouteki is making a living from trading then he's doing alot better then 95% of the other people trying to trade Forex for a living. I've studied the Mouteki's information and videos applied those concepts to my trading in the past 2-3 weeks and I must say that my trading has greatly improved. Just using the Fib Zone concept has provided me with some sound fondation to veiw market direction. In my trading I haven't been trying to hit it out of the ballpark like Mouteki has been doing, I'm just happy with consistently hitting singles and the occassional double. If it cost me $89 or $144 for 30 days to learn how I might be able to clear the bases with a home run every few weeks then I am willing to take a chance on Mouteki and what he has to offer. I know many of you few dupped, but any trader who has discovered or who already has a "real edge" just doesn't give it away for nothing. Read any of the other threads where some of the "professional" traders have been invloved, Inside Bar..Peter Crown, or any posts by "The Real Thing" or Jacko's thread. They all offer some free trading advice but none of them have givien away their "trading edge" for free.
I am no different from most of the people on this forum, in the past I have certainly given up my hard earned "cash" for some crap system or the promise of "this insider information" will transform the way you trade. For me personally, I believe I've received enough "value" from Mouteki's information that I am willing to part with $89 or $144 to see what's behing door number 3.Ignored
DislikedI have a small doubt. In the fibs and fundies video 2 mouteki said he took the eu long trade after spotting those 2 reversal candles. These candles were formed on 19 but his entry was on the 18.Ignored
DislikedThe about face from M is certainly unexpected and surprising. NOT!!! It just kills me that some of you guys will pay money to a jerk who lied to you right off the bat. So he has some good info, so what? Take what you have learned from this thread, count it a good thing and move on and develope your trading on your own. The problem with the world today is that most folks are willing to take the chance of getting screwed if there is a possibility of making some $$$. This guy lied to us all. He said he had no intention of charging, that he only wanted to help those who hadn't figured out the market and weren't making money, then got ticked at those who questioned him. Look, there is an old saying, "screw me once, shame on you, screw me twice, shame on me." Some of you guys want success so bad you would give your hard earned money to someone who doesn't deserve ANYTHING from you because of their integrity. DOES ANYONE EVEN CARE ABOUT INTEGRITY ANYMORE??? It seems not. I have read this thread, watched M's videos and I feel that there is something to fib zones but it is not the holy grail that many of you so desperately seek. The holy grail is YOU my friends. I know that you don't believe this, but it is true. If you guys would take a look at the charts and look for where support becomes resistance on the longer time frames, combined with fibs and then trade what you see, you will win much more than you lose. You don't need Mouteki, you don't need anyone but yourself. Of course, good education on the markets if you are a newby are essential, but one day you have to realize it is about YOU and the market and success will come from your preparation, discipline and risk management PERIOD. No guru is going to give you the pot of gold. So, to sum up, I would suggest reading some of Billy Ray Valentines threads, some of Ironman's posts, and some of Houdini's Posts on psychology. All of these guys have free blogs as well, and would post them here, but a little work on your part will do you good. If you want it bad enough, you will achieve it, and you will leave the wanna be's in the dust.Ignored