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Eitan's Project

  • #6,321
  • Aug 12, 2014 10:31am Aug 12, 2014 10:31am
Thank you so much Sir!

Best regards.

Quoting cariddi74
{quote} Late entry...the candle before, already the Stoch was again pointing up (being also still in the hot zone). Don't be confused by the TREND indi addiction ..it's a more robust indication of a strong movement BUT it has particular relevance if we take the MTS signal not at the first brick of GMTS tape agreement (o maybe if stoch has a little zig-zagged and not gone barely straight from the opposite hot zone to the other hot zone). But in case you have a 1st brick GMTS tape and stoch also pointing up (all other conditions met of course)..well...
  • #6,322
  • Aug 12, 2014 10:43am Aug 12, 2014 10:43am
Quoting Arso
Thank you so much Sir! Best regards. {quote}
From what i see (also seeing aud/nzd and eu/nzd last movements),GBP/NZD long could be still a cool trade..at least for some pips..but just be prepared if it turns out reversing badly
  • #6,323
  • Aug 13, 2014 12:59am Aug 13, 2014 12:59am
Just finished reading the thread ...
Still a lot to learn
i worshipped... Momentum
  • #6,324
  • Aug 13, 2014 3:10am Aug 13, 2014 3:10am
Very interesting USD/JPY almost to the T MTS entry in in hour or so...waiting the GBP news now...let's c.
  • #6,325
  • Aug 13, 2014 4:00am Aug 13, 2014 4:00am
Ok. USDJPY not in the basket of suggested pairs...also look at the red ma not perfect.
Anyway...MTS long,for who wants.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 29 KB
  • #6,326
  • Aug 13, 2014 4:08am Aug 13, 2014 4:08am
yep i also took the trade lets see
  • #6,327
  • Aug 13, 2014 5:27am Aug 13, 2014 5:27am
Fellow Eitan followers - I have noticed on many charts posted that some have a blue line with the red stoch, I do not have this. Am I missing this in my template or is it something else some of you use. Thanks for your time
  • #6,328
  • Aug 13, 2014 5:33am Aug 13, 2014 5:33am
Quoting cariddi74
{quote} From what i see (also seeing aud/nzd and eu/nzd last movements),GBP/NZD long could be still a cool trade..at least for some pips..but just be prepared if it turns out reversing badly
Would love to borrow your crystal ball Cariddi74 - I took some pips earlier in the day on GBPNZD long and now as you suggested it has reversed! Good tip, however I am sure you backed it up with your knowledge, thanks
  • #6,329
  • Aug 13, 2014 5:52am Aug 13, 2014 5:52am
Quoting pending
{quote} Would love to borrow your crystal ball Cariddi74 - I took some pips earlier in the day on GBPNZD long and now as you suggested it has reversed! Good tip, however I am sure you backed it up with your knowledge, thanks
Well...in case of GBP/NZD, an eye skilled in price action maybe...but for the fall of that, just LUCK..cause it's due mainly by GBP bad news/reports this morning and by the use the big dogs manipulators has done of it (pushing first the GBP pairs and then selling those ones in mass a bit after news!). All the GBP pairs felt like a rock after the news
Regarding the blu line in Stoch,it's simply the 21,1,1 Stoch we use for the first instance of MD method (the one with the Ichimoku cloud). I love to make experiment with things that seems working in another contexts using my creativity and branstormirng a bit about possible different uses of things already in use.
I am a teacher and a reasearcher in offline life (well, not in economic related fields, but anyway..) , so i think this is in my DNA.
  • #6,330
  • Aug 13, 2014 8:58am Aug 13, 2014 8:58am
Curious how many trades you all have taken in the last 2 weeks for MS + MTS? Also if you could add in the sessions/timeframes you are checking that would be great.

RPM
  • #6,331
  • Aug 13, 2014 9:45am Aug 13, 2014 9:45am
Quoting Rpm
Curious how many trades you all have taken in the last 2 weeks for MS + MTS? Also if you could add in the sessions/timeframes you are checking that would be great. RPM
Not too many, really, but MTS in particular it's not about many trades, but GOOD trades with high probabilities. I use other ways of trading too (scalping, countrending etc..), but i won't discuss those here of course (or at all, cause it's personal).

The timeframe i check is 4h of course as per MTS & MS rules. Well i can add that..the 1h and 30 minutes tf, can often give you better picture of what it will/can happen in the future 4h candle . Also bigger timeframe like D1 and W1 are to take into consideration if you wanna try to "filter" even more your trades trying to stay to the side of the bigger tf trend/bias,for added safeness.

I think i will be fall in love very soon with the daily methods Eitan brought to us,too (maybe with my experiments and variations to them, i like to try): MD 1 (cloud) , MD 2 (daily trend catcher). For now really not much time to backtest MD2 well, but it makes really sense in my mind and it could also be extended to a "D1 MTS-like" system, too (with some adjustments).
Especially this love will rise i think, in the cold season where i am more busy with my daily job and cannot trade the 4H tf, so often.
  • #6,332
  • Aug 13, 2014 9:50pm Aug 13, 2014 9:50pm
Quoting cariddi74
{quote} Not too many, really, but MTS in particular it's not about many trades, but GOOD trades with high probabilities. I use other ways of trading too (scalping, countrending etc..), but i won't discuss those here of course (or at all, cause it's personal). The timeframe i check is 4h of course as per MTS & MS rules. Well i can add that..the 1h and 30 minutes tf, can often give you better picture of what it will/can happen in the future 4h candle . Also bigger timeframe like D1 and W1 are to take into consideration if you wanna try to "filter"...
Thanks again for your explanation Cariddi74 as it always helps us newbees, hopefully one day I wont need to call myself new!! I myself find that the 4 hours is very difficult with time zone and day job but daily is another story. I have mainly been looking at MD2 but on your recommendation will also follow MD1 separately.
  • #6,333
  • Aug 14, 2014 6:53am Aug 14, 2014 6:53am
Quoting pending
{quote} Thanks again for your explanation Cariddi74 as it always helps us newbees, hopefully one day I wont need to call myself new!! I myself find that the 4 hours is very difficult with time zone and day job but daily is another story. I have mainly been looking at MD2 but on your recommendation will also follow MD1 separately.


Right now i have 2 different profiles on MD..the one with MD1 and with MD2 (also modified by myself). I admit actually i am not focusing too much on D1 cause often i am not at home when the daily candle finishes, and also 4H is more than enough for me actually all day long...but for sure, MD1&2 are,IMHO,systems to keep an eye on for people that likes just a 10 minutes daily set & forget routine, or the ones who don't have time to watch the 4H tf and lower
  • #6,334
  • Edited 11:33am Aug 14, 2014 8:07am | Edited 11:33am
Possible MS LONG trade on CHF/JPY. Beware! The pair is NOT included in the basket of suggested Eitan pairs (and also yellow dot pop up, though not really parts of the MS method and Trend just above 0.4 and not 0.8 ...).
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.png Size: 62 KB
  • #6,335
  • Aug 14, 2014 11:23am Aug 14, 2014 11:23am
Well...a coffee is needed now against this boring trading day.
  • #6,336
  • Edited Aug 15, 2014 4:55am Aug 14, 2014 4:34pm | Edited Aug 15, 2014 4:55am
MD AGGR GCAD sell (small target/lots)
MD CONV AUSD Buy (Not perfect small lots)
MD CONV CJPY 1 Day too late how did i miss this

my2cent

Bob

EDIT: ALL Closed BE
  • #6,337
  • Aug 15, 2014 6:01am Aug 15, 2014 6:01am
Quoting BobMorane
MD AGGR GCAD sell (small target/lots) MD CONV AUSD Buy (Not perfect small lots) MD CONV CJPY 1 Day too late how did i miss this my2cent Bob EDIT: ALL Closed BE
AU (and maybe if today confirms NU) still a promising MD long, IMHO
  • #6,338
  • Aug 15, 2014 6:12am Aug 15, 2014 6:12am
Hi there,

Is there a thread that is for beginners? like a training session sort of things?
Thank you!
  • #6,339
  • Aug 15, 2014 6:21am Aug 15, 2014 6:21am
Quoting ChristopheCo
Hi there, Is there a thread that is for beginners? like a training session sort of things? Thank you!
In Forexfactory maybe there are...but if you refer to a twin thread to this one for learning and applying the Eitan's methods, sorry, you just have to read this one carefully and start applying template, rules, etc... No other twin simplified path.
Mee too when i start to familiarize with new systems feel like a newbie sometimes ...but this has not to block you to go further...especially if methods (like Eitan's one) are very gooooood when fully absorbed!
  • #6,340
  • Aug 15, 2014 6:36am Aug 15, 2014 6:36am
Be ready to sell GBP/NZD in a couple of days, maybe, for a MD1 (cloud) short.
I already took it for other reasons
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