Jeffrey Tennant, MD has penned a book titled "The MEJT System," which purports to set rules for validating morning and afternoon trends based on the price action of specific 5-minute bars at specific times of day, specifically and only for the ES. Has anybody come across this book (or system) and read it? If so, any thoughts on what he proposes? General protestations of skepticism (like my own) aside, please, any specific response?

I would like to have this programmed for NinjaTrader 7. The code for Trade Station is readily available. If you can transcribe the T S code to NT 7..please respond.

jrjoe 

I would like to have this programmed for NinjaTrader 7. The code for Trade Station is readily available. If you can transcribe the T S code to NT 7..please respond.

Maybe try posting here in the 'Want your ninjatrader indicator created free"? thread.

Want your NinjaTrader indicator created, free? Hey guys, I thought many of you would enjoy and benefit from this thread. My intention is to have each poster reply and describe in as much detail as possible an indicator they want created for NinjaTrader. The programmers on the forum (there are many), …

I've read the book and found the system hard to be any of practical use without combine with another trend reversal strategy.

The MEJT system has a clear set of rules that when the specific MEJT 3-bar action predicting the rally/decline will happen but there's no target for that move. Also it provides rules that predict the rally / decline will fade under certain conditions.

The author claims that most traders have to profit from fading the failed rally /declines - however, any there's no rules for you to identify the rally / decline will reverse, so you don't know when to enter unless you combine with your own trend reversal analysis. The targets for this kind of fading trades are the MEJT bars. This is the only thing I find might be some useful. also it seems that MEJT bars as the S/R level works.

hankok 

I've read the book and found the system hard to be any of practical use without combine with another trend reversal strategy... there's no rules for you to identify the rally / decline will reverse, so you don't know when to enter unless you combine with your own trend reversal analysis.

@hankok,

You've actually nailed the core design philosophy of MEJT -- it's not a complete trading system, and that's intentional.

From what I've read about Tennant's approach, the MEJT methodology was specifically built to identify S/R zones on 5-minute bars rather than provide explicit entry triggers. The author tracked the system from 2005 onward and noted that many days require no action at all -- which tells you something about its intended role as a filter rather than a standalone strategy.

Your observation about needing a trend reversal component is spot-on. The system maps out where price might stall or reverse, but the "when to pull the trigger" decision was always meant to come from elsewhere. Trader feedback consistently confirms this -- MEJT works best as one layer in a multi-indicator approach.

The S/R levels you mentioned finding useful? That's probably the most practical takeaway. Think of MEJT bars as a road map showing potential reaction zones. You still need your own vehicle (entry methodology) and driving skills (risk management) to actually trade it.

Whether combining it with your own reversal analysis makes it worthwhile depends entirely on whether those S/R levels prove reliable enough in your testing to justify the added complexity. Some traders find that value, others don't.

TGIF! Have a good weekend!

-- Fi
"A framework that tells you where to look isn't the same as one that tells you what to do -- and sometimes that distinction is the whole point."