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  • #18,121
  • Jul 11, 2017 11:30am Jul 11, 2017 11:30am
Quoting marcof91
{quote} I don't feel it yet. Everything seems so bullish but can work for short term scalp (not my game).
Was just looking at that 1hr hook formation ...Cant really see the divergence though although my indis can ... I cant see it lol.
  • #18,122
  • Jul 11, 2017 12:08pm Jul 11, 2017 12:08pm
Hello fellows,

do you use the RSIOMA to scalp on a 1minute chart or even of small ticks chart timeframes ?

If yes, do you have some explanations about the way you approach it please ?

If the 5mn RSIOMA is crossing from above the level 80 but the 15Mn is flat above the 80, near the 90, shoud one get into a short on the 1Mn chart ?

If the 5mn RSIOMA is crossing from below the level 20 but the 15Mn is crossing the level 80 from above, what should one do ?
Can we interpret this as contradictory signals in this case ?

Thanks for your kind help.
  • #18,123
  • Jul 11, 2017 12:26pm Jul 11, 2017 12:26pm
Quoting Sparkoz
Anyone thinking of selling EJ yet ? Just curious ....
I am long on the EJ so hope it keeps climbing.

The Euro is strong against all currencies at the moment. I have grabbed some good pips off it today. But gave it all back trying to scalp the DE30EUR.
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  • #18,124
  • Jul 11, 2017 12:30pm Jul 11, 2017 12:30pm
Quoting lifespirit
Hello fellows, do you use the RSIOMA to scalp on a 1minute chart or even of small ticks chart timeframes ? If yes, do you have some explanations about the way you approach it please ? If the 5mn RSIOMA is crossing from above the level 80 but the 15Mn is flat above the 80, near the 90, shoud one get into a short on the 1Mn chart ? If the 5mn RSIOMA is crossing from below the level 20 but the 15Mn is crossing the level 80 from above, what should one do ? Can we interpret this as contradictory signals in this case ? Thanks for your kind help.
Hi, this is an example on how to scalp EU off the 1M chart: Ds trades when all TFs are trending.
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Per aspera ad astra
  • #18,125
  • Jul 11, 2017 1:28pm Jul 11, 2017 1:28pm
Quoting Sparkoz
Anyone thinking of selling EJ yet ? Just curious ....
I don't see that as a hook as no divergence?

ADX long & strong on too many TFs for me to want to short EJ - I have learned not to stand in front of ADX train and get run down, respect the ADX.

I did enter short on GJ however at 146.91 (H4 X-cross) and am +60pips. I'm staying the trade for now, until H1 stos turn against me I think. Also D1 seems to be coming down off a top, unlike EJ.
  • #18,126
  • Jul 11, 2017 1:49pm Jul 11, 2017 1:49pm
Quoting Zimbinga
{quote} I don't see that as a hook as no divergence? ADX long & strong on too many TFs for me to want to short EJ - I have learned not to stand in front of ADX train and get run down, respect the ADX. I did enter short on GJ however at 146.91 (H4 X-cross) and am +60pips. I'm staying the trade for now, until H1 stos turn against me I think. Also D1 seems to be coming down off a top, unlike EJ.
Barf Baby! I love that saying Zim, I have printed it out and stuck it on my laptop so I constantly see it when I am trading now. It helps keep me on track.
  • #18,127
  • Jul 12, 2017 12:30am Jul 12, 2017 12:30am
Where i have to enter in this trade? Means when RSIOMA crossing 50 or i should wait it to go above 80? please guide.

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  • #18,128
  • Jul 12, 2017 1:50am Jul 12, 2017 1:50am
Quoting RenoA
{quote} I am long on the EJ so hope it keeps climbing. The Euro is strong against all currencies at the moment. I have grabbed some good pips off it today. But gave it all back trying to scalp the DE30EUR. {image}
Interesting Currency Strenght monitor you're using is it free?
  • #18,129
  • Jul 12, 2017 2:11am Jul 12, 2017 2:11am
Quoting Zimbinga
{quote} I don't see that as a hook as no divergence? ADX long & strong on too many TFs for me to want to short EJ - I have learned not to stand in front of ADX train and get run down, respect the ADX. I did enter short on GJ however at 146.91 (H4 X-cross) and am +60pips. I'm staying the trade for now, until H1 stos turn against me I think. Also D1 seems to be coming down off a top, unlike EJ.
Thats it.....I can't see the divergence either ....
Like a hook fake out....
Although it has held over night ... for 80 odd pips so far....
A temporary hook perhaps...
  • #18,130
  • Jul 12, 2017 3:35am Jul 12, 2017 3:35am
Quoting Szpons
{quote} Interesting Currency Strenght monitor you're using is it free?
No it's not. Search youtube for - The 360 degree Forex trading indicator and EA and there is a good video showing how to use it and where to get it if you want.

It's pretty good for getting a quick glimpse of where the market is at, and then I go to Alien's system to look for setups on those currencies.
  • #18,131
  • Jul 12, 2017 4:42am Jul 12, 2017 4:42am
Quoting jpadvisor
{quote} Hi, this is an example on how to scalp EU off the 1M chart: Ds trades when all TFs are trending. {image}
Hi JP,

What is your strategy in M1 scalping, are you adding positions on those places or entering, taking small profits and reentering? Or something else maybe
  • #18,132
  • Jul 12, 2017 5:57am Jul 12, 2017 5:57am
Quoting Kammgcni
Where i have to enter in this trade? Means when RSIOMA crossing 50 or i should wait it to go above 80? please guide. {image}
Hi alien friend,
I dont dare to trade one single share like you and to me dont seem Alien master used to trade shares neither indices.
However as I trade 1 M charts and Dax I can say that is important to watch every day if the market open long or short then, following the trend, you see if you find an alien setup on H1 and M15 or even on M5; so on M1 you wait for another alien setup with ADX fanning.
In your chart, after a gap up market went almost back. There was a Ds with little separation (I call it dirty DS) then a pull down and a nice reaction with a climb from support.
On alien chart you can see this move formed a XCross long (alien setup); 8 Sto. crossed up 21 and 100 and Adx started a great expansion. Also Rsioma suddenly rose breaking 50 and 80 line.
To me this was the best entry to catch the move (the cross).
In other words BARF, as Zimba call it.
Cheers
Per aspera ad astra
  • #18,133
  • Jul 12, 2017 7:30am Jul 12, 2017 7:30am
Quoting jpadvisor
{quote} Hi alien friend, I dont dare to trade one single share like you and to me dont seem Alien master used to trade shares neither indices. However as I trade 1 M charts and Dax I can say that is important to watch every day if the market open long or short then, following the trend, you see if you find an alien setup on H1 and M15 or even on M5; so on M1 you wait for another alien setup with ADX fanning. In your chart, after a gap up market went almost back. There was a Ds with little separation (I call it dirty DS) then a pull down and a nice...
Respected Sir,

Thanks for your valuable feedback. I am trading Allien System on Indian shares daily and making good profit every day. I am trying to enter into trade when RSIOMA is about to cross 50 and ADX is ready to expand as you told. I found this system as best system to trade any assest class. I am feeling proud to be associated with skillful and experienced traders Like you, macof, Sparkoz etc.
  • #18,134
  • Jul 12, 2017 12:12pm Jul 12, 2017 12:12pm
Quoting Szpons
{quote} Hi JP, What is your strategy in M1 scalping, are you adding positions on those places or entering, taking small profits and reentering? Or something else maybe
Hi alien friend,
the strategy differs from time to time. If I trade with a small capital and a small margin I enter positions but I close the first when comes into play the other and so on.
If I trade with good margin and capital I enter all positions and close anyway all those before NY close.
Choose what better fits your risk tolerance.
Per aspera ad astra
  • #18,135
  • Jul 12, 2017 4:33pm Jul 12, 2017 4:33pm
Quoting Sparkoz
{quote} Thats it.....I can't see the divergence either .... Like a hook fake out.... Although it has held over night ... for 80 odd pips so far.... A temporary hook perhaps...
Well...you must be upset ain't you?
It ran to south side and looking at RSIOMA the divergence was there (also the stos but tricky).
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Work smarter,not harder
  • #18,136
  • Jul 12, 2017 4:59pm Jul 12, 2017 4:59pm
Quoting Sparkoz
{quote} Thats it.....I can't see the divergence either .... Like a hook fake out.... Although it has held over night ... for 80 odd pips so far.... A temporary hook perhaps...
Your instinct was right anyway. An H1 half X then appeared which gave you the counter trend move with ADX exp on M15. I wouldn't have been brave enough to take it though.
  • #18,137
  • Jul 13, 2017 12:23am Jul 13, 2017 12:23am
Quoting RenoA
Hi Guys, further to the statistical advantage topic. I have been trying to emulate what master said back in the early days where he stated he was getting 100 percent accuracy and had not lost a trade in ages. (not sure but think it was a year from memory). So I have been putting master Alien's system to the test. I know it is over trading opening up multiple trades, but I just had to find out if it could be done. I am far from mastering this awesome trading system but am slowly having those AHA! moments master talked about. When all the rules are...
hello renoa, i love the way you add the alien visual system with your own channel method to get almost 100 percent winning trade. do you mind if you upload yourchannel and templates and a little explanation on how you use the channel trend lines with the alien system. thank you
  • #18,138
  • Jul 13, 2017 1:52am Jul 13, 2017 1:52am
Quoting marcof91
{quote} Well...you must be upset ain't you? It ran to south side and looking at RSIOMA the divergence was there (also the stos but tricky). {image}
Ha...Never! I appreciate honest replies .... I was long and watched the divergence short but we usually have a more defined hook.
ADX was still rising; So it was an agressive call....
  • #18,139
  • Jul 13, 2017 5:48am Jul 13, 2017 5:48am
Quoting Sparkoz
{quote} Ha...Never! I appreciate honest replies .... I was long and watched the divergence short but we usually have a more defined hook. ADX was still rising; So it was an agressive call....
My stop was hit as well on that long position.

I followed Jpad's 1 minute scalping advice overnight and killed it on the DAX30. Have opened 5 new positions this afternoon and they are all doing well so far.
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  • #18,140
  • Jul 13, 2017 6:44am Jul 13, 2017 6:44am
Quoting RenoA
{quote} My stop was hit as well on that long position. I followed Jpad's 1 minute scalping advice overnight and killed it on the DAX30. Have opened 5 new positions this afternoon and they are all doing well so far. {image}
Ive never traded dax, but it does look inviting.
I think this is JPs bread and butter now...
Nice work Renoa!
You'll earn a million before you know it :-)
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