i think eu daily has find its bottom..all tf m1-daily strong momentum for long trade
FXerha
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Dislikedi think eu daily has find its bottom..all tf m1-daily strong momentum for long tradeIgnored
Disliked{quote} It's developing a DS trade but at the same time the 21 sto is dropping and 8,3,3 sto is raising for a X cross trade (on daily tf). We need to wait and see,but for now is dropping. Ignored
Disliked{quote} Hi, Mr.AG you are right. Indices are very much sensible to each event. Best way to trade them I think is intraday following ADX. You see the DS long on H4 I posted didn't work out.Ignored
DislikedI don't know if this will be helpful, but I noticed a pattern using Nihilist's Ultra ADX indicator after I made some adjustments to the color scheme. He was using a blue and orange color to indicate a "weak buy/weak sell" and red and lime green for the full strength buy/sell. I changed the blue and orange to a muted forest green and firebrick red color and started considering that these "weak buy/sell" signals were a sort of "transition" period where the ADX is changing from weak to strong or vice versa. Does anyone else notice a pattern here? {image}...Ignored
Disliked{quote} This way is more visual. You found the core of this system, ADX contraction and expansion! The momentum trading.Ignored
Disliked{quote} I have to say that I agree with FerruFX (and Alien of course ), I have been stacking small positions "attached" to different timeframes. Exiting with 89/144 related to the same TF is really rewarding. Let say I see an opportunity on H4 or H1 confirmed with lower TFs, I will divide my position in different small positions. Each ticket related to 1 TF not to loose track. Then following the 89/144 rule on each TF: 1 to exit on H4 1 to exit on my entry TF 15min for an "immediate" reward. 1 to exit on D1/W1 or M if they follow the same trend...Ignored
Disliked{quote} dragos, I use the alien system so obviously I'm one step ahead of the others, this week I am more focused. But it's incredible, how humans behave in the market, the fear of losing and always stop at resistance and support line, until the banks just to play and break lines With adx and BB can see when sharks are in the gameIgnored
Disliked{quote} above the images of ADX and BB and hundreds in the topic if you read all the topic know what I'm talking about when sharks appear a tip that everyone who works with the alien system is read the whole topic, as many times as necessary until you know the entry and exit rules Has no easy way, but the time spent will be worth it for sureIgnored
Disliked{quote} Yes! That's exactly what it looks like to me. Notice that the "waves" roll across the indicator in a diagonal pattern from lowest TF to highest TF and you can see it on every pair in almost this same fashion. Some pairs are more defined than others, but you can definitely see a transition from bright green > dark green > dark red > bright red or in the opposite direction. {image} {image}Ignored
Disliked{quote} PIPS TX. Dearest Mr. Alien, fellers, i've been long time lurker since the beginning. if I may ask please.... Is there any way to quantify an adx and a direction better than it was or wasn't greenish or reddish or squiggly or sloping enough? i humbly ask you all because i am finding it difficult to read the indicators charts posted due to only my own fault. I for one would be forever grateful and sincerely more comfortable with actual mathematical, numerical rules, and if possible alerts for all kinds of good reasons. Specifically regarding...Ignored
Disliked{quote} PIPS TX. Dearest Mr. Alien, fellers, i've been long time lurker since the beginning. if I may ask please.... Is there any way to quantify an adx and a direction better than it was or wasn't greenish or reddish or squiggly or sloping enough? i humbly ask you all because i am finding it difficult to read the indicators charts posted due to only my own fault. I for one would be forever grateful and sincerely more comfortable with actual mathematical, numerical rules, and if possible alerts for all kinds of good reasons. Specifically regarding...Ignored
Disliked{quote} Hi FXerha, to me until the pink TL isn't broken and the MRAH is still in place there is no reversal. RSIOMA is still flat under 20 and Stochastics should all bottom before bouncing. This is my two cents. {image}Ignored