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Eitan's Project

  • #5,821
  • Jul 25, 2014 11:58am Jul 25, 2014 11:58am
Quoting EveningStar
EJ short on candle close MTS system
according the rules last chance on friday to open pos is at the end of the 12pm candle!be aware!
when GOD brings you a challenge he also gives you the power to deal with it
  • #5,822
  • Edited 12:11pm Jul 25, 2014 11:58am | Edited 12:11pm
Quoting Pips200
I'm inside overnight and overweek MD AN LONG
Yeah bro, all praying with you.
Basing on my personal research still in progress (i repeat personal..and still brainstorming...so FOLLOW EITAN RULES! ) the best entry would have been the candle of 22 July (on my broker at least)...but Eitan backtested MD well before publishing it, so, let's see and be full of patience and positivity (and with a decent stoploss, no 15 pips! ahah)
  • #5,823
  • Jul 25, 2014 11:59am Jul 25, 2014 11:59am
Quoting eitan1010
{quote} according the rules last chance on friday to open pos is at the end of the 12pm candle!be aware!
Good remind!
  • #5,824
  • Jul 25, 2014 12:03pm Jul 25, 2014 12:03pm
Mmm..last candle of EJ hooked the SELL zone (so no open mouth at all). Though hooking is not a big mess anymore since the introduction of TREND indi condition....well, really as i said, hooking would be "not a big mess" if TREND would have passed the 0.4 level. For my broker this has not absolutely happened.
So, in other word, for me is a NO trade.

Your opinion, folks?

Eitan?
  • #5,825
  • Jul 25, 2014 12:08pm Jul 25, 2014 12:08pm
Quoting cariddi74
Mmm..last candle of EJ hooked the SELL zone (so no open motrh at all). Though hooking is not a big mess anymore since the introduction of TREND indi condition....well, really as i said, hooking would be "not a big mess" if TREND indi over 0.4. For my broker this has not absolutely happened. So, in other word, for me is a NO trade. Your opinion, folks? Eitan?
sry i m out ...dady day..bless weekend and in my op i dont trade this candle ever ..we have timing rule.
when GOD brings you a challenge he also gives you the power to deal with it
  • #5,826
  • Jul 25, 2014 12:15pm Jul 25, 2014 12:15pm
Quoting Pips200
I'm inside overnight and overweek MD AN LONG
MD sys built for patience ppl who dont have time to mess around with charts..so ...take it intoo account the next time..
when GOD brings you a challenge he also gives you the power to deal with it
  • #5,827
  • Jul 25, 2014 12:18pm Jul 25, 2014 12:18pm
Quoting eitan1010
{quote} sry i m out ...dady day..bless weekend and in my op i dont trade this candle ever ..we have timing rule.
Yeah, as strictly per system rules no more trades today!
Good weekend master. It will be a weekend full of brainstorming for me (various ideas..) and also having to publish the MTS written rules here (i wanna also pointing well concepts as "hooking", "open mouth", yellow dots...), maybe i will send you a note,for being sure of writing everything correctly...hoping i won't disturb you.
And if you will bite me for disturbing you, well ... comprehensible, ahaha
  • #5,828
  • Jul 25, 2014 12:21pm Jul 25, 2014 12:21pm
Quoting cariddi74
{quote} Yeah, as strictly per system rules no more trades today! Good weekend master. It will be a weekend full of brainstorming for me (various ideas..) and also having to publish the MTS written rules here (i wanna also pointing well concepts as "hooking", "open mouth", yellow dots...), maybe i will send you a note,for being sure of writing everything correctly...hoping i won't disturb you....
u r good man thats 4 sure , love u bro God bless u and all your love's one.
when GOD brings you a challenge he also gives you the power to deal with it
  • #5,829
  • Jul 25, 2014 12:25pm Jul 25, 2014 12:25pm
Quoting eitan1010
{quote} u r good man thats 4 sure , love u bro God bless u and all your love's one.
  • #5,830
  • Edited 1:02pm Jul 25, 2014 12:45pm | Edited 1:02pm
Quoting josh11
Can somebody pls post EJ chart for mts thanks

Here you go.
Attached Image (click to enlarge)
Click to Enlarge Name: Josh.png Size: 56 KB
  • #5,831
  • Jul 25, 2014 12:47pm Jul 25, 2014 12:47pm
Quoting josh11
Can somebody pls post EJ chart for mts thanks
600 pips not enough for this week ?
Neural Network Algorithm and Econophysics
  • #5,832
  • Jul 25, 2014 12:48pm Jul 25, 2014 12:48pm
Quoting Rockerzeus
{quote} Here you are. {image}
Hey, we have suprise for you please catch me on facebook tonight like 1.00 am.. Its not joke about 600pips
Neural Network Algorithm and Econophysics
  • #5,833
  • Jul 25, 2014 12:53pm Jul 25, 2014 12:53pm
Quoting Rockerzeus
{quote} Here you are. {image}
According to the rules, i do not think this is a valid trade. The trend indi didnt pass the 0.4 mark.
Correct me if i am wrong!
Patience, let the market come to you!
  • #5,834
  • Jul 25, 2014 12:55pm Jul 25, 2014 12:55pm
Quoting cariddi74
{quote} Yeah bro, all praying with you. Basing on my personal research still in progress (i repeat personal..and still brainstorming...so FOLLOW EITAN RULES! ) the best entry would have been the candle of 22 July (on my broker at least)...but Eitan backtested MD well before publishing it, so, let's see and be full of patience and positivity (and with a decent stoploss, no 15 pips! ahah)
Have a nice WE Cariddi
  • #5,835
  • Jul 25, 2014 1:00pm Jul 25, 2014 1:00pm
Quoting dashisiong
{quote} According to the rules, i do not think this is a valid trade. The trend indi didnt pass the 0.4 mark. Correct me if i am wrong!
Hi,
He wanted someone put up EJ chart with MTS sytem on it. Thats why I uploaded There is no info about trade
Regarding mts system yes there is no short signal yet.
  • #5,836
  • Jul 25, 2014 1:02pm Jul 25, 2014 1:02pm
Quoting Vigovski
{quote} Hey, we have suprise for you please catch me on facebook tonight like 1.00 am.. Its not joke about 600pips
Hi Roma, how you doing, hope everything Ok for you. I will try to be there. Thanks
  • #5,837
  • Jul 25, 2014 1:02pm Jul 25, 2014 1:02pm
Quoting dashisiong
{quote} According to the rules, i do not think this is a valid trade. The trend indi didnt pass the 0.4 mark. Correct me if i am wrong!
Yep. Agree absolutely, see my post about it, here: http://www.forexfactory.com/showthread.php?p=7631804#post7631804
And also there is the timing rule of no trade after candle of 12AM on friday, that i mathematically, forget..arghh!
  • #5,838
  • Edited 1:21pm Jul 25, 2014 1:05pm | Edited 1:21pm
Quoting cariddi74
- The "future" (Ichimoku Kinko Hyo) CLOUD has to be GREEN for a buy (red for a sell). "Future cloud" that we care, it means the cloud at the maximum right position of the screen (the cloud indi uses an algorithm for "guessing" this value by actual "state" of the currency pair).
Hi Cariddi
The cloud is using moving averages to project the future not algorithms.
Calculation
Four of the five plots within the Ichimoku Cloud are based on the average of the high and low over a given period of time. For example, the first plot is simply an average of the 9-day high and 9-day low. Before computers were widely available, it would have been easier to calculate this high-low average rather than a 9-day moving average (http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages). The Ichimoku Cloud consists of five plots:
Tenkan-sen (Conversion Line): (9-period high + 9-period low)/2)) The default setting is 9 periods and can be adjusted. On a daily chart, this line is the mid point of the 9 day high-low range, which is almost two weeks. Kijun-sen (Base Line): (26-period high + 26-period low)/2)) The default setting is 26 periods and can be adjusted. On a daily chart, this line is the mid point of the 26 day high-low range, which is almost one month). Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)) This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. Senkou Span B (Leading Span B): (52-period high + 52-period low)/2)) On the daily chart, this line is the mid point of the 52 day high-low range, which is a little less than 3 months. The default calculation setting is 52 periods, but can be adjusted. This value is plotted 26 periods in the future and forms the slower Cloud boundary. Chikou Span (Lagging Span): Close plotted 26 days in the past The default setting is 26 periods, but can be adjusted.

To be honest the indicator is not necessary in my humble opinion.Lagging factor is tremendous. You already have solid indicators Stock/RSI/CCI adding one more veritable just unnecessarily complicates. Its just my opinion feel free to dismiss
Here is my take generally.Most trend following indicators (red/green boxes etc) are showing what is happening now and the past but they can't predict the future.There are exhaustion levels when corrections take place and that's important because you don't want to sell at bottom 5% of the move or buy top 5% and this can happen if all trend following indicators are lining up.
I use Bollinger Bands to identify exhaustion levels and this is important.
regards
In trading, you have to be defensive and aggressive at the same time
  • #5,839
  • Jul 25, 2014 1:35pm Jul 25, 2014 1:35pm
Quoting Davit
{quote} Hi Cariddi The cloud is using moving averages to project the future not algorithms. Calculation Four of the five plots within the Ichimoku Cloud are based on the average of the high and low over a given period of time. For example, the first plot is simply an average of the 9-day high and 9-day low. Before computers were widely available, it would have been easier to calculate this high-low average rather than a 9-day moving average (http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages)....
Thanks Davit, just corrected the mistake in my previous post that you have pointed out (not super really techy guy here,sorry for my inappropriate language there).
I agree about the cloud lags good entries. I am working on some things to better that if possible...but for now, who uses MD system have to follow Eitan current rules that, even if grabbing just a not huge part of a move, as per Eitan backtest, reveals itself very robust in terms of positive-pips trades
You exhaustion levels method for sure it makes sense. I remind times ago i was using TMA bands (TMA True bands for being precise, that do not adjust the past bands) and if correctly approached, a good method , IMHO.
Maybe in the future, you and Eitan could collaborate to develop a new system that incorporates all the goods of your system and all the goods of his methods.
  • #5,840
  • Jul 25, 2014 1:48pm Jul 25, 2014 1:48pm
Quoting cariddi74
{quote} Thanks Davit, just corrected the mistake in my previous post that you have pointed out (not super really techy guy here,sorry for my inappropriate language there). I agree about the cloud lags good entries. I am working on some things to better that if possible...but for now, who uses MD system have to follow Eitan current rules that, even if grabbing just a not huge part of a move, as per Eitan backtest, reveals itself very robust in terms of positive-pips trades You exhaustion levels method for sure it makes sense....
Its all Good Cariddi
There is already plenty of good methods presented by Eitan not necessary to add more.What I do suggest new traders to focus is some knowledge of Elliot Wave and Harmonics.To understand that Price moves in zig zag manner and this is why knowldge in this area can help eliminate lot of false entries even when the system agrees.
Regards

Example based on trend following systems AUD/NZD is a buy.All everything says Buy but actually price harmonically is exhausted.Move is done!
Notice on my System price is inside BB exhaustion level and RSI and WR% in extreme OB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZD.Daily.png Size: 45 KB
Click to Enlarge Name: AUDNZD.Daily2.png Size: 57 KB
In trading, you have to be defensive and aggressive at the same time
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