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Eitan's Project

  • #1,781
  • May 23, 2014 8:54pm May 23, 2014 8:54pm
So, Eitan...

We talked about this in the cable thread...and your plan B was "patience"...

Given how my previous forecast is starting to turn into reality...you have an entire weekend to think about a New Plan B...because your account cannot actually afford your level of patience.

Sorry buddy...I tried to warn you...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,782
  • May 24, 2014 1:31am May 24, 2014 1:31am
Quoting eitan1010
MRI METHOD SUMMARY: entry rules : long position rules: {image} short position rules: {image} also added this update zip include the tpl inside{file} have all weekend + monday to check it out and test it bless weekend all Eitan.
Thanks a lot for the update and a great explanation.
But im curios, what information does the red orb give us?
I know that we don't buy/sell when it appears, but what data does it look at?
  • #1,783
  • May 24, 2014 1:55am May 24, 2014 1:55am
I may be wrong but having 15+indicators to trade is overkill.
Typical loser chart.May not be the case now but nevertheless system forum is full of methods like this.

Lets look at simple PA dropping breaking trend line and by all visual signs obviously going lower.
Do you really need 15 red boxes arrows and lines to tell you trend is going down?Really?
Which part of this is not obvious

This is the bottom truth guys.Learn to trade not add more indicators.
You will realize the truth of this after spending good 5k hours looking at Price.It actually pains me to see new members getting all suckered in.
Good luck
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In trading, you have to be defensive and aggressive at the same time
  • #1,784
  • May 24, 2014 2:05am May 24, 2014 2:05am
Quoting spufuz
{quote} Thanks a lot for the update and a great explanation. But im curios, what information does the red orb give us? I know that we don't buy/sell when it appears, but what data does it look at?
Look no offense.Red orb is just a semafor indicator drawing Highs lows and mid points.Often repaints and useless.You are telling me that you can't visually see HH LL and mid points?
You must get out of indicator based psychology.Its like running with crutches or riding a bike with training wheels.Its just false sense of safety.
Learn to trade
In trading, you have to be defensive and aggressive at the same time
  • #1,785
  • May 24, 2014 2:15am May 24, 2014 2:15am
I love love love love mri better than the stupid system that i purchased. My robot which i got for free is also doing its job to my surprise. But i love mri more. Thank you so much professor Eitan. May our God shower you with so much blessings. I now believe that those things which are for free are really more productive and efficient. Well, lesson learned. Do not give your money to those people claiming that they have the holy grail. That is bs. Believe in Prof Eitan's sytem if you prefer trading 4 hours with 16 pairs.

To be a profitable trader, I learned that you have to :
1. Pick one system, multiple systems will make you more confused.
2. Practice
3. Believe and trust the system.
4. Practice
5. Have faith in the system.
6. Practice
7. Be very very patient, we cannot make the market move to our direction right away. If we follow the system and stick with the rules then there is 90% possibility that the market will move in our direction in its own time.
8. Practice
9. Have the mentality that there are some losing days.
10. Practice
11. Have a trading plan. Set your daily goal. For example my goal is this amount of pips. If I reach that, I stop trading. I still have a life to live.
12. Practice.
13. Do not overtrade. Overtrading will create more stress in your life. Pick a high probability trade then make sure that you stick with your daily pip goal.
14. Practice
15. Do not set an urealistic goal (example : 500 pips in a day). I believe this can be done if you are so experienced with technical analysis and fundamental analysis. But if you are a newbie trader, start with 10 pips a day then work your way in setting a more higher realistic target.
16. Practice
17. If possible, forward test your strategy. In demo let's say you have 5k initial demo money. You can increase your lot size as you have the money but in reality some will open an account with small initial capital. So emotions in trading is different when you are trading small amount of money which is your own money versus demo money with lots of money and it is not your personal money.


forward testing is better than backtesting in my honest opinion. If you go live with a penny account and practice this system, you will also have a practice on the psychology of trading. You may be able to test fear and greed. If the time comes that you are consistently profitable in your penny account, then you can now put in more money and you are now ready to rock it.
  • #1,786
  • May 24, 2014 2:23am May 24, 2014 2:23am
Oops I forgot to add that if you trade let's say a 0.5 lot on a high probability trade and let's say you have a target of 100 dollars a day. Then, 1 trade on a high probability trade will earn you 50 dollars, stree free with 10 pips.

Pick a high probability trade, check forec calendar for news that might affect your position. Read the daily analysis of the pair that you want to trade. Do your homework first and make sure that it is a high probability trade before you pull the trigger.
  • #1,787
  • May 24, 2014 2:51am May 24, 2014 2:51am
Quoting Davit
{quote} Look no offense.Red orb is just a semafor indicator drawing Highs lows and mid points.Often repaints and useless.You are telling me that you can't visually see HH LL and mid points? You must get out of indicator based psychology.Its like running with crutches or riding a bike with training wheels.Its just false sense of safety. Learn to trade
Hey, you should not jump to conclusions about how I trade.
Of course I can spot levels of S/R since im mostly a pure price action trader. All though I think indicators can be a supporting element to your trading when it comes to finding setups and eliminating false signals.
If you read this thread carefully you can se that Eitan does NOT just rely in his indicators, but he is also looking at price action.

I asked a question to Eitan, and you didn't even had to answer it.
Im not really interested in your opinion in this thread. Thank you.
  • #1,788
  • May 24, 2014 4:02am May 24, 2014 4:02am
Quoting spufuz
{quote} Hey, you should not jump to conclusions about how I trade. Of course I can spot levels of S/R since im mostly a pure price action trader. All though I think indicators can be a supporting element to your trading when it comes to finding setups and eliminating false signals. If you read this thread carefully you can se that Eitan does NOT just rely in his indicators, but he is also looking at price action. I asked a question to Eitan, and you didn't even had to answer it. Im not really interested in your opinion in this thread. Thank you....
Don't stress yourself in an argument.

I just don't understand the nature of men. You all make your lives complicated by showing who is the best. Men are very competitive and will always, always try to prove that they are right. Chill out guys and relax and let us all be respectful of somebody elses's work. Eitan's strategy is proven to be working for him, he has his own style and so does anybody else. The strategy that he have is proven to be working for him and he shared this out of good intentions. It might not be the best, it might have gazillion indicators, it might not work for some but I guess this system, was shared out of good intentions.

One problem of the human race is that we try to forget the intention behind an action. We tend to judge a person based on what we see but not what his intentions are. If people will remove the "i am the best and you are all losers " type of behavior and we give people a chance to prove themselves, earth is a better place to live in.

I just don't like people who are scanning the forums and start bashing people and trying to make everyone feel that they are losers and he is the best. I think instead of bashing people, teaching is moe appropriate. If the bashers have a lot of opinions, let them start their own thread. Gosh, people are really disrespectful nowadays.
  • #1,789
  • May 24, 2014 4:13am May 24, 2014 4:13am
To all readers out there,

Do you think it is respectful if I go to like for example trading made simple thread and out of nowhere, no introductions, I started giving comments like, "really, do you think this system work." Or "you have a bunch of crappy indicators". Do you think guys, i'll earn some respect. Just a quick question.
  • #1,790
  • May 24, 2014 4:35am May 24, 2014 4:35am
Hey eitan buddy, i`m sorry to say but the GBP/USD will go to somewhere 1.672 , or even in the best case scenario atleast 1.6800.

That GBP/USD trade could be in best case a -30% drawdown, or worse it could be a margin call if it goes too low.

Now i`m not giving you trade advice or anything ,because its your money, but if i were you i would open a short on GBP/USD with a target of 1.68, close half there and other half at 1.672 or somewhere there, to HEDGE against that and lower the risk.

Outcomes:
-If the price will reverse the short can be closed with a small loss and the other trade will compensate the loss
-If the price goes very down instead of margin call you could stay at -23% until the price goes up back, and close the trade at a better level
-Or close the long trade monday and exit with -23% loss (which is very bad)

I SAY AGAIN, THIS IS NOT A TRADE ADVICE, JUST MY OPINION AS A FRIEND ! GOOD LUCK
"There's a sucker born every minute" - P.T. Barnum
  • #1,791
  • May 24, 2014 4:51am May 24, 2014 4:51am
Quoting Proximus
{quote} Oh sorry didnt know that But anyways, i think the USD will weaken next week, so NZD ,EUR, AUD will probably go up.I already put some long trades a few days ago.
Wrong signal, NZD will probably go to 0.85 and only after that will go up, i was wrong.I must short them all to hedge it , including the EUR and GBP
"There's a sucker born every minute" - P.T. Barnum
  • #1,792
  • May 24, 2014 5:02am May 24, 2014 5:02am
Quoting Proximus
Hey eitan buddy, i`m sorry to say but the GBP/USD will go to somewhere 1.672 , or even in the best case scenario atleast 1.6800. That GBP/USD trade could be in best case a -30% drawdown, or worse it could be a margin call if it goes too low. Now i`m not giving you trade advice or anything ,because its your money, but if i were you i would open a short on GBP/USD with a target of 1.68, close half there and other half at 1.672 or somewhere there, to HEDGE against that and lower the risk. Outcomes: -If the price will reverse the short can be closed...
I agree, if GBPUSD breaks support of 1.6799 then it is definitely going down to 1.6774
  • #1,793
  • May 24, 2014 7:00am May 24, 2014 7:00am
Let results speak for themselves Eitan, many ways to skin a cat buddy, keep up the great work my friend.
Opinions are like arseholes, everyone has one

lol...
Come with me if you want to live....
  • #1,794
  • May 24, 2014 7:01am May 24, 2014 7:01am
Why does that always happen? It just happens on every thread. People post bullshit news everywhere. Those who are interested in improving have to scroll through all that stuff in order to find information. Just stop sending people away from the thread, stop talking about your opinions , that you were right on one trade, stop talking about DNA.

If everyone was so profitable and good there wouldnīt be a need to post BS stuff here. Donīt come here then, why donīt wonīt they leave?
  • #1,795
  • May 24, 2014 7:04am May 24, 2014 7:04am
Why does that always happen? It just happens on every thread. People post bullshit news everywhere. Those who are interested in improving have to scroll through all that stuff in order to find information. Just stop sending people away from the thread, stop talking about your opinions that, that you were right on one trade, stop talking about DNA.

If everyone was so profitable and good thaere wouldnīt be a need to post BS stuff here. DOnīt come here then, why wonīt they leave?

Sorry didnīt mean to post twice
  • #1,796
  • May 24, 2014 7:07am May 24, 2014 7:07am
Quoting Christianfx
Why does that always happen? It just happens on every thread. People post bullshit news everywhere. Those who are interested in improving have to scroll through all that stuff in order to find information. Just stop sending people away from the thread, stop talking about your opinions , that you were right on one trade, stop talking about DNA. If everyone was so profitable and good there wouldnīt be a need to post BS stuff here. Donīt come here then, why donīt wonīt they leave?
Forgive me. Post removed. I shall never post here again.
Ghost Rider - WWTBMD?
  • #1,797
  • May 24, 2014 7:11am May 24, 2014 7:11am
You can post whenever you want, who am I to decide
  • #1,798
  • May 24, 2014 7:12am May 24, 2014 7:12am
Quoting Davit
I may be wrong but having 15+indicators to trade is overkill. Typical loser chart.May not be the case now but nevertheless system forum is full of methods like this. Lets look at simple PA dropping breaking trend line and by all visual signs obviously going lower. Do you really need 15 red boxes arrows and lines to tell you trend is going down?Really? Which part of this is not obvious This is the bottom truth guys.Learn to trade not add more indicators. You will realize the truth of this after spending good 5k hours looking at Price.It actually...
Can't japanese candlesticks, trendlines, and moving averages also be considered indicators (as seen on your chart), real naked trading would mean a line tick chart imho

EDIT: Not that i dont agree 15 indicators can be overkill, just saying
  • #1,799
  • May 24, 2014 8:29am May 24, 2014 8:29am
Quoting acey2424
{quote} Don't stress yourself in an argument. I just don't understand the nature of men. You all make your lives complicated by showing who is the best. Men are very competitive and will always, always try to prove that they are right. Chill out guys and relax and let us all be respectful of somebody elses's work. Eitan's strategy is proven to be working for him, he has his own style and so does anybody else. The strategy that he have is proven to be working for him and he shared this out of good intentions. It might not be the best, it might have...
I have not for a second in this thread, or other thread, ever tried to prove anything!?
I simply asked Eitan a question, not because I don't think the indicator is not working, but simply because I want to know what it does?
And I got some strange answer from some one else before Eitan had a chance to answer.

Please note that, I really like Eitans methods and follows this thread every day. Don't treat me as if I was against anything here.
  • #1,800
  • May 24, 2014 8:35am May 24, 2014 8:35am
Quoting acey2424
{quote} I just don't like people who are scanning the forums and start bashing people and trying to make everyone feel that they are losers and he is the best. I think instead of bashing people, teaching is moe appropriate. If the bashers have a lot of opinions, let them start their own thread. Gosh, people are really disrespectful nowadays.

Could not agree more!
I really don't see why people have the need to go in to threads and bashing people and talk down the strategies?!
Maybe they have lost at lot of money, or they are jealous of some one else coming up with a system?
Not a single one of these people has ever showed THEIR trade explorers and their results in trading.

Now, lets focus on Eitans project!?
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