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Eitan's Project

  • #6,141
  • Aug 5, 2014 6:09am Aug 5, 2014 6:09am
Quoting Arso
{quote} I'm in but not as son as you due to broker candle closing time. Thank you for sharing. {image}

suerte arso,

i took it at 8:30 (spain time). 1.5 hours later. so i got a better entry. later i have the idea to let it go, but it was too late when i went back home. it took profit.

arghhh
  • #6,142
  • Aug 5, 2014 6:12am Aug 5, 2014 6:12am
Quoting ridu07
{quote} Thanx BOB, Yes may be u r right.... .... But pls check my screen shot that 2 candle before trend indicator was not in good shape, it was below 0.004 and -0.004.... So how could i enter there unless i get all confirmation ?? My sl and tp is 100 pips.... but as soon as i am in profit i will move my sl in profit level....
Smart savvy idea! (in bold)
  • #6,143
  • Aug 5, 2014 6:18am Aug 5, 2014 6:18am
Quoting cariddi74
{quote} Well said Ata..i like you analysis. Said just a post before, sothing similar to you about the 0.004 TREnd indi level crossing...but you have much more the gift of the sysnthesis than me ahah Also,speaking with Eitan, anyway, he clarifies to me that for "hooking" we mean the touching and rebounding against 85 or 15 hot zones thresholds, WITHOUT penetration of that. If even a little going IN the hot zone, well, it can be considered no hooking (anyway the more stoch penetrates CLEARLY the hot zones, the better, of course ...
Thanks mate.. your explanations are always excellent though.. I appreciate..

If you remember Eitan was almost blacksheeped when some newbies didn't get profit in their first attempts a month ago.. and he brought in this Trend indi into the system to get at least another verification for the original MTS method.. right? So after that day still the Trend indi was not a direct rule inside MTS but it was more a last check to avoid false signals.. so what do I do? I keep the indicator in mind but don't allow it to blind me for the real deal.. I can say I rely on Trend indi roughly 75% and most of the time jump in when lines are still around 0.0035.. but of course its my way.. anyone else should just be aware that the Trend indi rule is a last minute addition to original MTS system and it can really help.. but don't allow it to slow down your decisions.

Happy Trades
Focus only on what truly matters!
  • #6,144
  • Aug 5, 2014 6:45am Aug 5, 2014 6:45am
Quoting Ata-Turkoglu
{quote} Thanks mate.. your explanations are always excellent though.. I appreciate.. If you remember Eitan was almost blacksheeped when some newbies didn't get profit in their first attempts a month ago.. and he brought in this Trend indi into the system to get at least another verification for the original MTS method.. right? So after that day still the Trend indi was not a direct rule inside MTS but it was more a last check to avoid false signals.. so what do I do? I keep the indicator in mind but don't allow it to blind me for...
YES.
Agree totally with your considerations,they make sense; personally speaking, i watch mostly if GMTS tape is first brick when Stoch gives us signal..if yes, i jump in, don't care too much about trend indi.
If not GMTS-tape first brick, then i watch a few more things (how much the pairs has already moved, nearest points of possible rejection...) and take the Trend indi > 0.004 into the equation, for considering a possible entry

We can say that since that unlucky trade you cited, Ata, now we have 2 types of MTS trades when red stoch give us the green light (stating other conditions met,of course):

A- 1st brick GMTS tape trade (Trend indi not mandatory, just an EVENTUAL confirmation,if it agrees >0.004..but if you wait candles for that it could be too late! Timing is important)
B- not 1st brick GMTS tape trade (Trend indi mandatory >0.004 and a bit more thinking about the general situation of the pair)

As said this GBP/CAD MTS trade was a bit tricky cause the lining up of the MA's at the limit...anyway, for explaining better what me and Ata-Turkoglu are saying about this trade, the Trend indi crossing 0.004 level matter, ect...i post this GBP/CAD (our trade of discussion) screenshot with notes, hoping it can be useful to everybody :

P.S. also yellow dot popped up now..so...beware
Attached Image (click to enlarge)
Click to Enlarge Name: GC-MTS-4H.png Size: 64 KB
  • #6,145
  • Aug 5, 2014 6:46am Aug 5, 2014 6:46am
Quoting cariddi74
{quote} Smart savvy idea! (in bold)
Thanx Cariddi.........
  • #6,146
  • Aug 5, 2014 7:18am Aug 5, 2014 7:18am
UC next possible long entry.... waiting for candle close..... But be aware of ISM release at 14 GMT...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 101 KB
  • #6,147
  • Aug 5, 2014 7:22am Aug 5, 2014 7:22am
Quoting ridu07
UC next possible long entry.... waiting for candle close..... But be aware of ISM release at 14 GMT... {image}
do you see the yellow dot?
  • #6,148
  • Aug 5, 2014 7:24am Aug 5, 2014 7:24am
Quoting BobMorane
{quote} do you see the yellow dot?

And UC's not on the approved list is it. And no open mouth.
  • #6,149
  • Aug 5, 2014 7:24am Aug 5, 2014 7:24am
Quoting ridu07
UC next possible long entry.... waiting for candle close..... But be aware of ISM release at 14 GMT... {image}
Yep (also keep in mind USD/CAD it is not one of the official pairs suggested by Eitan and also yellow dot pop up).
Also EU/USD triggered the MTS trade, at the previosu candle (short). I know a bit late, but i noticed it just now (also beware it entered a strong demand zone, so it can eventually rebound now anytime)
  • #6,150
  • Aug 5, 2014 7:41am Aug 5, 2014 7:41am
Quoting cariddi74
{quote} Yep (also keep in mind USD/CAD it is not one of the official pairs suggested by Eitan and also yellow dot pop up). Also EU/USD triggered the MTS trade, at the previosu candle (short). I know a bit late, but i noticed it just now (also beware it entered a strong demand zone, so it can eventually rebound now anytime)
.
Opss...just realized the Stoch has not made a full cycle (coming not from opposite Hot zone), so not valid (and anyway more risky) for strict MTS (original) rules . In the last edition, let's say, the full cycle of stoch, in my understanding can be bypassed if strong other factors met each other. But in this case, seeing the demand zone, and ..other things, i would prefer not enter..not right now at least.
Just my half cent
  • #6,151
  • Aug 5, 2014 7:46am Aug 5, 2014 7:46am
Quoting cariddi74
{quote} Yep (also keep in mind USD/CAD it is not one of the official pairs suggested by Eitan and also yellow dot pop up). Also EU/USD triggered the MTS trade, at the previosu candle (short). I know a bit late, but i noticed it just now (also beware it entered a strong demand zone, so it can eventually rebound now anytime)
Yes i know that.... but i like UC and regarding yellow dot i am not entering trade at this candle.... waiting for candle close.... if yellow dot pop up in next candle it will obeviously an invalid one.... But if yellow dot not appear on next candle, stoch come from below 15 level and cross 75-85 area, GMT green, good MA shape then why not this trade will be a valid one????
  • #6,152
  • Aug 5, 2014 7:55am Aug 5, 2014 7:55am
EU is not a valid MTS trade..... As stoch not come from over 85 area.....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 101 KB
  • #6,153
  • Aug 5, 2014 7:59am Aug 5, 2014 7:59am
Quoting ridu07
{quote} Yes i know that.... but i like UC and regarding yellow dot i am not entering trade at this candle.... waiting for candle close.... if yellow dot pop up in next candle it will obeviously an invalid one.... But if yellow dot not appear on next candle, stoch come from below 15 level and cross 75-85 area, GMT green, good MA shape then why not this trade will be a valid one????
Actually it popped up at the current candle (you have to see if it is there at the close of this current candle), so 99% (or even 100% cause, probably the semaphor indi, just consider the top/low of a candle, not what happens in the rest of the time), at h 15.00 at current candle close, yellow dot should stop you (if don't wanna play a bit with rules)

Also there's quite strong supply zone (resistance) where the pairs actually is (last highs of early June 2014)
  • #6,154
  • Aug 5, 2014 8:11am Aug 5, 2014 8:11am
Quoting cariddi74
{quote} Actually it popped up at the current candle (you have to see if it is there at the close of this current candle), so 99% (or even 100% cause, probably the semaphor indi, just consider the top/low of a candle, not what happens in the rest of the time), at h 15.00 at current candle close, yellow dot should stop you (if don't wanna play a bit with rules) Also there's quite strong supply zone (resistance) where the pairs actually is (last highs of early June 2014)
Thank u so much cariddi for ur valuable instruction.... its clear now.... Till now i was little confused about yellow dot.... I thought it should apply on open candle... I Eventually check the previous post of vigo.... But now everything is clear..... If yellow dot appear before open candle then no trade....
  • #6,155
  • Aug 5, 2014 8:25am Aug 5, 2014 8:25am
Hi Fellows..

206 pages have been created so far on Eitan's methods.. of course we will have still newcomers who ask to learn more and I am happy to see this kind of interest. But meanwhile we should build up a good way of alerting each other once a 100% trade is in sight. Every morning I check charts in a 4H period and it doesnt take me minutes to go over all pairs I trade but then sometimes I discover that someone had shared a chart and I missed it.

To prevent this we could build up a scheme for sharing "hot pairs" that agree 100% with rules and alerts everyone who subscribed to this thread. The lazy ones will of course very happy of such alerts but I am more targeting the people like me who are just too busy to catch each and every trade.

I don't know.. let's say once we see a 100% valid trade we write with a bold red GBP/JPY, open long after candle close, something like this for example which is easy to catch when quickly reading the forum lines.

Anyone else with a better idea?

Happy Trades
Focus only on what truly matters!
  • #6,156
  • Aug 5, 2014 8:29am Aug 5, 2014 8:29am
Quoting ridu07
{quote} Thank u so much cariddi for ur valuable instruction.... its clear now.... Till now i was little confused about yellow dot.... I thought it should apply on open candle... I Eventually check the previous post of vigo.... But now everything is clear..... If yellow dot appear before open candle then no trade....
Yes. In MTS it practically indicates a possible TOP (if you are looking for a BUY) or BOTTOM (if you are looking for a SELL). So dangerous zone.
But always look at closed candle! Also if it pops up during an open candle, well as said you can be practically sure it won't disappear (stating the yellow dot =semaphor true indi should look just at the extremes reached by a candle, not other price action), i believe.
Anyway for the use we do of it in MTS, look at the current closed candle

There is also a way to bypass the yellow dot (see Vigo post). But...more dangerous and requires evaluation of the pair situation, IMHO.
  • #6,157
  • Aug 5, 2014 8:40am Aug 5, 2014 8:40am
Quoting Ata-Turkoglu
Hi Fellows.. 206 pages have been created so far on Eitan's methods.. of course we will have still newcomers who ask to learn more and I am happy to see this kind of interest. But meanwhile we should build up a good way of alerting each other once a 100% trade is in sight. Every morning I check charts in a 4H period and it doesnt take me minutes to go over all pairs I trade but then sometimes I discover that someone had shared a chart and I missed it. To prevent this we could build up a scheme for sharing "hot pairs" that agree 100% with rules and...

Wow man great idea. Ya, we should all work as a team and share our alerts to each other once it is confirmed 100%. In the process we also learn from our bad judgement if we do make a wrong alert. We will all highlight in Bold Red. Count me in. Thanks
  • #6,158
  • Aug 5, 2014 8:49am Aug 5, 2014 8:49am
Quoting FistusFX
{quote} Wow man great idea. Ya, we should all work as a team and share our alerts to each other once it is confirmed 100%. In the process we also learn from our bad judgement if we do make a wrong alert. We will all highlight in Bold Red. Count me in. Thanks
Thanks for your kind support mate..

Yeah, so once a system is mastered the only thing needed is to quickly apply our wisdom and experience to it and get profit.. Learning to use the tool was never the main goal..... but "using" the tool was... so now after so many pages of bla bla its time to make use of it with full power right?

Happy Trades
Focus only on what truly matters!
  • #6,159
  • Aug 5, 2014 8:53am Aug 5, 2014 8:53am
Quoting Ata-Turkoglu
Hi Fellows.. 206 pages have been created so far on Eitan's methods.. of course we will have still newcomers who ask to learn more and I am happy to see this kind of interest. But meanwhile we should build up a good way of alerting each other once a 100% trade is in sight. Every morning I check charts in a 4H period and it doesnt take me minutes to go over all pairs I trade but then sometimes I discover that someone had shared a chart and I missed it. To prevent this we could build up a scheme for sharing "hot pairs" that agree 100% with rules and...
Good idea..we should have also,if possible more partecipation in the thread. I don't mean questions already replied one hundred times (dont' be lazy folks, read, experiment, put yourself questions, don't hit "REPLY TO THREAD" at the first doubt..first try to solve it reading and using your brain).. i mean, all the skilled members about the methods should help the newcomers and the ones still struggling to understand some things.

..also i realize some skilled people here are just readers and not writers,or very busy to post too much (me too in many other threads read,but post very little,if any), but hey it's a way to give back what the author of this thread gave to us (Eitan and Vigo).
It's a chain...masters teach,and we learn..then we teach and future student learn...ands so on

The proposal of Ata merit further discussion, for sure.
  • #6,160
  • Edited 9:21am Aug 5, 2014 9:06am | Edited 9:21am
Let me start!

GBP/CHF 4H
If actual candle closes above 1.5333 I will open long.

Happy Trades

Edit: So far everyone should be aware that I intentionally didn't mention if a yellow dot on the closed candle appears I will cancel and I will not enter.
Since it is one of the easiest rules to remember there is no need to mention this, all right?
Focus only on what truly matters!
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