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New Mouteki Method...

  • #1,281
  • Sep 30, 2008 12:17am Sep 30, 2008 12:17am
Quoting slide
Another 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.

I was thinking the same thing
Nick
  • #1,282
  • Sep 30, 2008 1:00am Sep 30, 2008 1:00am
Those of you who are foolish enough to pay your money to this scammer, you're only encouraging him. You are making this pay off for him.

Fibs are nothing new. Why do you think the tools are already built into the metatrader software?

Like someone said earlier, draw enough lines on a chart and you're bound to see something. Especially if you want to.

A lot of people here already got burned on his AUD/CAD trade the past few days. Not me, thankfully my broker doesn't offer that pair.

I do hope that we will continue to discuss this method on the forum, though I recommend NOT calling it "Mouteki method" since that will only benefit him.

Furthermore, once the method was fully revealed it became apparent that this is really nothing new, just fibonacci! His fundamental analysis was nothing more than common sense or reading snippets from the daily or weekly forecasts on various websites, and the Awesome Oscillator is a basic tool for volume that many traders are using already (or a variation of it).

He just took basic fibonacci analysis and repackaged it with a $233/month pricetag!
  • #1,283
  • Sep 30, 2008 1:36am Sep 30, 2008 1:36am
Posted by Mouteki on September 1, 2008:

"I DO NOT have any intention of trying to make you pay for what I'm teaching you."

Liar.

"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."

Lair.

"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."

Liar.

"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."

Liar.

"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."

Liar.

"I'm doing this FOR YOU...NOT FOR ME."

Liar.
  • #1,284
  • Sep 30, 2008 2:09am Sep 30, 2008 2:09am
The only trade I have seen called on this thread was the Aussie/Cad.
It failed!

I'm sorry, but I need more proof than this to join a subscription service.
Mouteki's live accounts would be a good start.
If it's too good to be true, it probably is.
  • #1,285
  • Sep 30, 2008 2:15am Sep 30, 2008 2:15am
Quoting mclosson
Hey 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,

mclosson
Cheers mclossen ... silly me ;-)
  • #1,286
  • Sep 30, 2008 2:17am Sep 30, 2008 2:17am
Just 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.
  • #1,287
  • Sep 30, 2008 2:34am Sep 30, 2008 2:34am
I was grateful for Mouteki's system in the beginning, but now I know it was a precursor to a subscription service.

So many people on these threads worship false prophets and brush aside any doubt that dissenters may have. These people will ultimately fail in becoming successful traders.

I've seen this all before many many times.

Lets see some live accounts, Mouteki. If your system is up to scratch, I am sure you will have no hesitation in posting them.
If it's too good to be true, it probably is.
  • #1,288
  • Sep 30, 2008 2:37am Sep 30, 2008 2:37am
Quoting DOVOFreak
Just 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.
The proof is in the pudding man. I think all these people have the right to trash him as much as they want cause I think we all feel slightly stupid for dancing along to his tune all this time.

What a waste of time. I spent ages watching those videos and although the content is still useable and slightly interesting (he invented nothing here) I for one still feel like I've been had. (robbed of my time)

People get banned from this forum for good reason and that fact alone should be enough proof that Mouteki is a Dodgey bastard.

As someone said the real Mouteki was Japanese. This guy has taken a respected traders own name to gain respect and lead us all down a path of hope elation and BS

It's exactly like those stupid get rich quick schemes that are all over the net. They will say and do whatever takes to convince you that YOU need THEM to succeed until you hand over money to them and their job is done.

I can see that there are still some people stuck in his "trance" and still want to believe this is the real deal.

Do you really think he's the only trader on the planet who uses those Fib Sequence zones? Give me a break.

I say get over it people forget him and move on theres many ways to skin a cat

And BTW why we all hangin out in the recycling bin?
Time hides Nothing
  • #1,289
  • Sep 30, 2008 2:40am Sep 30, 2008 2:40am
Quoting CindyXXXX
And BTW why we all hangin out in the recycling bin?
ROFL, well said Cindy.
If it's too good to be true, it probably is.
  • #1,290
  • Sep 30, 2008 2:48am Sep 30, 2008 2:48am
I 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.

  • #1,291
  • Sep 30, 2008 3:17am Sep 30, 2008 3:17am
Quoting DOVOFreak
Just 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.
His knowledge sharing is an admirable quality. However, his about face on offering his knowledge for free is bound to attract disappointment and anger. It would be naive to expect otherwise so let these people be.
The road to pipland is arduous and fraught with challenge.
  • #1,292
  • Sep 30, 2008 3:23am Sep 30, 2008 3:23am
Quoting Tornado
I 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.


An excellent post and objective view.
  • #1,293
  • Sep 30, 2008 3:27am Sep 30, 2008 3:27am
this is my opinion:

I learnt a few things from this thread and for that im greatfull. In terms of the paid service i think its up to each individual to decide. I think mouteki is still providing free information as stated in his latest vid. The differnece is the vids wont be real time. Only subscribers get real time info. so im willing to hang around for the free stuff and see where it takes me. and perhaps getting feed back on ppl that have joined. I have to admit i dont trust these paid services for fx. But ppl following this method and are still interested but not willing to pay should look forward to the updates on the forexgemini blog. If mouteki does post daily vids (not real time) everything would be the same as before, nothing has changed except for the addtion of the paid service for real time vids. Im not that pissed because it is my choice and i decide if i want to join.
  • #1,294
  • Sep 30, 2008 3:57am Sep 30, 2008 3:57am
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.
I bet you will have to pay up before you get the Mouteki PDF !!
  • #1,295
  • Sep 30, 2008 4:20am Sep 30, 2008 4:20am
why is everybody so mad ?

the guy said from the first post in this thread that people in the past used his name and his methods to create services - pretending to be him , and now he is trying to brand himself.

about that there is nothing new in this method , I agree , there is nothing new in the technical analisys field for years now - the only innovations are : using the same tools (ma,oscillators,pa,candles,etc.) in different combinations in order to improve your winning probbabilty , in one video he said it himself that the only new thing that he is bringing are the FZ.

about "if a trader is so seccesfull why does he need my money to teach me , why doesn't he sit down by the pc and make more money?"
well , I thought about it a lot , the answers r - more money , recognition , a need to be famous , and so on.

about the fact that he wants money for the service now - well , if a person puts time and efforts in something he should get payed - if it's a scam , Like Bob Marley said : "u can full some people sometimes , but you can't full all the people all the time " .

For me , there are 3 trades that he predicted : nzd\chf , cad\jpy , aud\cad .
2 of them went well and were couple of 100's pips profitable , the aud\cad was not good and stopped out after 50 pips or so... to me it looks like something interesting .

just my oppinion...
  • #1,296
  • Sep 30, 2008 4:40am Sep 30, 2008 4:40am
Quoting Willowgal
I bet you will have to pay up before you get the Mouteki PDF !!
I guess we probably wouldn't get the real Mouteki's PDF. I believe those guys joining the Forex Truth Club, they don't need the PDF anymore since they will learning live from Mouteki.

I have learned so much in this thread in a short time compared to other threads that I had follow. Time to move on.
  • #1,297
  • Sep 30, 2008 4:44am Sep 30, 2008 4:44am
Quoting ozziedave
Hi 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.
The 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.
  • #1,298
  • Sep 30, 2008 4:44am Sep 30, 2008 4:44am
Quoting lolla
I 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.
This might be weird but I am quoting my self. When I said he was showing us wrong trades, nobody cared a damn. That very day I knew that this guys was a scam. I can't beleive I fell ,as most of us for all that nonsense he said. Fibonacci trading is nothing new.

Just go back and look at the videos, they are so confusing. He says he looks at weekly and daily charts...then says 4 hr but trades of 1 hr.....using some stupid indicator(AO)...contradicts himself.....lack of clarity...

And the most funny part was his fundamental analysis....go to ff calender look at the red events and if all are red, short...if green long....what bs?? Don't join that scam guys...if he makes 50k on a trade he doesn't need your 80 bucks. Remember every penny saved is a penny earned. Don't support that scam.

BTW his video looked like an introduction to some porn flick.....maybe Mouteki, when ur done scamming people with ur blog, you should try your hand at some such flicks!!
  • #1,299
  • Sep 30, 2008 4:59am Sep 30, 2008 4:59am
Who cares ? We just have to continue our mouteki trading on demo and keep talking between us of our analysis on that wonderful forum that forexfactory is. I think mouteki has already given away enough info that we don't have to join his website. We'll see later if the system is bullshit, for my part I have found good results until now.
  • #1,300
  • Sep 30, 2008 5:04am Sep 30, 2008 5:04am
Quoting 4X4EVER
The 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.
The Billy Ray Valentine 'No Brainers' thread is superb , as is his new blog/website and this is 100% GENUINE and free.

I have learnt so much in the last 2 weeks from him and Iron-man ... forget 'MOU-TAKEY' and learn how to trade with a genuine Professional.
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