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Eitan's Project

  • #5,661
  • Jul 23, 2014 9:19am Jul 23, 2014 9:19am
Hello Fellow Traders,

Put oil in your eyes and look forward for movement in NZD and its related AUZ. If either of our system confirms entry in another 4 hours then you can expect movement in the same direction during news.
  • #5,662
  • Jul 23, 2014 9:25am Jul 23, 2014 9:25am
Quoting eitan1010
yesssssssssssssssssss!!!!!!!!!!!!!!!!!!!1 so summary!!! EA+75 GA+65 GJ+60=200 PIPS!!!! thanks good God!
GReat work Eitan! I am sorry I have been tied up and missed these
Believe and Achieve!
  • #5,663
  • Jul 23, 2014 10:27am Jul 23, 2014 10:27am
market in retracment mode now...waiting tonight NZD news.
  • #5,664
  • Jul 23, 2014 10:29am Jul 23, 2014 10:29am
Quoting cariddi74
{quote} Yes TREND indi is important also for the MTS, where now you can catch in essence two types of trades: 1- Usual trades as per old MTS system (without confirmation of TREND indi) with FIRST brick of GMTS tape of right colour. 2- Trades without FIRST brick of GMTS tape of right colour (it can be the 2nd, 3rd etc..) but without TREND indi above +-0.4 (all other conditions met, of course) Of course,if both things happen ath the same time (First brick gmts AND TREND indi value confirms) , even better! If you like my template MTS+MS combined,with...
Thanks Cariddi! But I prefer them seperate until i get to know them!
I will add trend indi!
  • #5,665
  • Jul 23, 2014 11:39am Jul 23, 2014 11:39am
Quoting cariddi74
market in retracment mode now...waiting tonight NZD news.
=======
Vigovski Not postin here No more ?
  • #5,666
  • Jul 23, 2014 11:55am Jul 23, 2014 11:55am
Quoting pips777
{quote} ======= Vigovski Not postin here No more ?
Maybe too busy with his research about news trading and his own HIN (high impact news) thread
  • #5,667
  • Jul 23, 2014 12:40pm Jul 23, 2014 12:40pm
Hi Eitan
Congrats on G/J short finally camel's back broke.I also profited handsomely on GU and G/CHF shorts.
I am going to share my analyses how I trade and it might help others here as well.

1st thing importance of trend.Going with trend always better then counter trend unless those CT's are valid signals
On my chart on G/CHF is clear trend is going up in 45degree 2Oclock.Bouncing nicely on green line 34EMA
CT is valid if price is above upper channel inside BB zone then price retreats to green line to continue up.This is classic unmanipulated market cycle.
When shorting or longing is always good idea to be on top/bottom channels.Middle section should be avoided as that's accumulation stage.
Notice when RSI and WR% don't go below 50 and price remains above Wave that's a signal trend is strong hence taking shorts then is not recommended.
I am not trying to persuade anyone here to trade differently but its important to understand trend importance and how that plays out.
ADR average daily range.This is important as well.If pair travels average 70 pips 10-20days and already did that in a day and your signals say buy then its obvious you are buying late move is already happened.Better to wait for retrace.
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF.Daily.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,668
  • Jul 23, 2014 1:27pm Jul 23, 2014 1:27pm
Hi Davit, if Eitan agrees, no problem to see your analisys...quite the contrary!
A mechanical system (like one of the 3 we use here) can be well complemented by sharp tecnically analysis by a skilled trader like you

May i ask your opinion about the EU pairs (in general),right now? (if you have time) :nerd:

...they felt quite well today, but in my opinion there is space for more falling. Of course, support zone are approaching right now, but with the actual configuration in the MTS system and with NZD cash rate and others important news tonight, if no big surprises against the forecasts, i think, EU & GBP, at least against AUD and NZD could fall more.
  • #5,669
  • Jul 23, 2014 1:49pm Jul 23, 2014 1:49pm
Hi Davit,

I like the way you are trading and your chart! Thanks for your input. Could you post a chart of an entry with trend trade and one with a counter trend. That way I can understand your system better.
I am curious when after the bounce you enter what are you looking for exactly and for ct trade when do you get in and out, because when the rsi is above or below the red zones the price could still go further and you could get burned big. Curious how you deal with that?

Hope Eithan doesn't mind I asked this in his thread? But I think we all could learn a lot from you Davit!
  • #5,670
  • Jul 23, 2014 2:06pm Jul 23, 2014 2:06pm
Quoting jasper2603
Hi Davit, I like the way you are trading and your chart! Thanks for your input. Could you post a chart of an entry with trend trade and one with a counter trend. That way I can understand your system better. I am curious when after the bounce you enter what are you looking for exactly and for ct trade when do you get in and out, because when the rsi is above or below the red zones the price could still go further and you could get burned big. Curious how you deal with that? Hope Eithan doesn't mind I asked this in his thread? But I think we all...
Davit is always welcome here as well i very happy when he step by for visit!
when GOD brings you a challenge he also gives you the power to deal with it
  • #5,671
  • Edited 2:34pm Jul 23, 2014 2:22pm | Edited 2:34pm
Quoting jasper2603
Hi Davit, I like the way you are trading and your chart! Thanks for your input. Could you post a chart of an entry with trend trade and one with a counter trend. That way I can understand your system better. I am curious when after the bounce you enter what are you looking for exactly and for ct trade when do you get in and out, because when the rsi is above or below the red zones the price could still go further and you could get burned big. Curious how you deal with that? Hope Eithan doesn't mind I asked this in his thread? But I think we all...
Eitan
Just letting you know that after playing with numerous settings on WR% I ended up your settings of 21 period.
Works well with RSI8
Thks

Jasper
To begin with everyone has different time frame to trade. My orders are almost all based on daily chart.This is important because it frames price in particular way.
Why is this important because my signals work best on daily and I look average 50-100pips a trade and daily allows that.Often Exhaustion levels show better on daily chart.Since I am swing trader daily works best.

I am going to explain my system in detail.
Its 2 system in 1

Wave is 34 EMA Low High Close
Why 34 and not 20 10 or 5? Its a fib number and works best on daily chart.
Price above 34 is Bull bias below Bear (keep in mind reference is on daily chart)
When RSI and WR% is above 50 and price is on or above Wave trades should be taken in long and opposite true.

System 2
Double Bollinger Bands deviation 2-3
When RSI is 70/30 and WR% above -20 -/80 and price is inside Dev 2-3 then price is in exhaustion zone
Either exit trade or look to counter trade
BB guides you to act accordingly.Since we know price never goes up or down straight line BB shows levels when CT is most likely to succeed.
Chart coming up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.Daily.png Size: 58 KB
Click to Enlarge Name: GBPCHF.Daily.png Size: 50 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,672
  • Jul 23, 2014 2:39pm Jul 23, 2014 2:39pm
To answer common questions that RSI/WR%/Stock/Macd can stay overbought/Oversold long time etc. Very true that is why more priority is given to trade with the trend.
Worth watching how Larry Williams uses his indicator.When using indicators its important to understand them well.

http://www.youtube.com/watch?v=zQro7MT0Cck

As you watched its obvious Larry 1st is determining direction of trend then uses WR% to get in on dips.So indicator is being used appropriately with the trend.
I am using 50 level like he does.
In trading, you have to be defensive and aggressive at the same time
  • #5,673
  • Jul 23, 2014 2:51pm Jul 23, 2014 2:51pm
Hello Davit Sir,
I know its not proper to refer to other threads here. But there is no other way to put the point across. If you told me not to post in your thread, I would have stopped doing so immediately. After all, we are civilized. Really did not understand why you would want to put me in the ignore list (in fact i am the only one, you put after 1000+ posts of yours). Though you mentioned the reason, you do not want to see my post, i think its too much.
How quickly you decide there is nothing for me to learn. I imagine if all your gurus treated you the same way (or) you were born as a great trader. Thanks for your understanding.
  • #5,674
  • Jul 23, 2014 2:51pm Jul 23, 2014 2:51pm
Quoting cariddi74
Here it is how it looks my just posted template: {image}
hi nice to meet u pls i downloaded the temlate but i can see ultra stochastic,waddatar trend and trend indicator
thanks
  • #5,675
  • Jul 23, 2014 3:11pm Jul 23, 2014 3:11pm
Quoting s3k
{quote} hi nice to meet u pls i downloaded the temlate but i can see ultra stochastic,waddatar trend and trend indicator thanks
http://www.forexfactory.com/showthread.php?p=7617386#post7617386 here youŽll find Ultra Stoch + Trend

http://www.forexfactory.com/showthread.php?p=7570571#post7570571 here youŽll find the Waddah_Attar_trend

hope that helps
TWEE, revoke my membership.
  • #5,676
  • Jul 23, 2014 3:25pm Jul 23, 2014 3:25pm
Keep an eye open on all the GBP & EU against NZD & AUD. We could get strong moves at the end of this candle (news)
Hopingly in our MS or MTS trade direction
  • #5,677
  • Jul 23, 2014 3:25pm Jul 23, 2014 3:25pm
Thanks Davit for your screenshots and explanation! Will study it. Thanks Eitan for letting him post here.
  • #5,678
  • Jul 23, 2014 3:29pm Jul 23, 2014 3:29pm
Quoting Bartleby
{quote} http://www.forexfactory.com/showthread.php?p=7617386#post7617386 here youŽll find Ultra Stoch + Trend http://www.forexfactory.com/showthread.php?p=7570571#post7570571 here youŽll find the Waddah_Attar_trend hope that helps
thanks alot i download it but it refused to be load n i tried to open it with adobe reader it didnt open
  • #5,679
  • Jul 23, 2014 3:37pm Jul 23, 2014 3:37pm
Quoting cariddi74
Keep an eye open on all the GBP & EU against NZD & AUD. We could get strong moves at the end of this candle (news) Hopingly in our MS or MTS trade direction
Still holding my EN short with SL at Breakeven
  • #5,680
  • Jul 23, 2014 3:44pm Jul 23, 2014 3:44pm
Quoting s3k
{quote} thanks alot i download it but it refused to be load n i tried to open it with adobe reader it didnt open
Not sure , if i understand your problem correct. You need either 7zip or WinRar or Winzip to extract the indicators from the archives.

carlosar13 already gave you a detailed step by step explanation for finding the correct destination folder for the files. http://www.forexfactory.com/showthread.php?p=7620902#post7620902

hope that helps
TWEE, revoke my membership.
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