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  • #18,221
  • Jul 28, 2017 4:55pm Jul 28, 2017 4:55pm
Quoting jpadvisor
Trading end of day is useful? http://www.learntotradethemarket.com...day-strategies
That's my game.
It's very useful.
Work smarter,not harder
  • #18,222
  • Edited 7:02pm Jul 28, 2017 6:50pm | Edited 7:02pm
Quoting jpadvisor
Trading end of day is useful? http://www.learntotradethemarket.com...day-strategies
The problem in swing trading in forex is swap. Many people neglect this but swap is actually good complementary source of income to brokers. Almost always they give you less and take out more in terms of swap. For swing trading, Futures could be better choice.
Nial somewhat over simplifies the trading IMHO. Trading is not that easy in reality... Anyway, his teaching is easy to understand price action.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #18,223
  • Jul 28, 2017 11:24pm Jul 28, 2017 11:24pm
Inserted Video


We are the aliens !
SVT refer to mql5 link
  • #18,224
  • Jul 29, 2017 5:06am Jul 29, 2017 5:06am
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High impact news in the future.
SVT refer to mql5 link
  • #18,225
  • Jul 30, 2017 8:20am Jul 30, 2017 8:20am
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Aliens are here !!
SVT refer to mql5 link
  • #18,226
  • Aug 2, 2017 3:23am Aug 2, 2017 3:23am


Quoting FXKabab
Here are some trade setups today, just showing one time frame.. When you see these it's good to look at the higher time frames for trend confirmation and lower time frames for better entries.. In the case of day trading with a 5m chart, I find you don't really need to go higher than the 15m or 1h for trend or reversal signs that the trade will go your way... especially if you have the ADX backing you up.. And you can go to the 1m for your entry... Anyway, did anyone catch any of these? NOTE: the red vertical lines are approximate entry lines......
Patience and Discipline, these are the Holy Grail.
  • #18,227
  • Aug 2, 2017 7:04am Aug 2, 2017 7:04am


Quoting FXKabab
London was poppin' all over the place today! Here were some BASIC Alien setups that would have been good for hundreds of pips in just a few hours... EURUSD 5M: BBsqueeze, ADX Powering up, Green Stoch and RSIoma above 80 with DS... {image} GBPUSD 5M: BBsqueeze, ADX Powering up, Green Stoch and RSIoma above 50 with DS leading the way... {image} USDCHF 5M: BBsqueeze, ADX Powering up, Green Stoch and RSIoma dropping below 20 with DS divergence... {image} EURJPY 5M: BBsqueeze, ADX powering up, Green Stoch and RSIoma crossing above 50 with DS... {image}...
Patience and Discipline, these are the Holy Grail.
  • #18,228
  • Aug 4, 2017 3:03pm Aug 4, 2017 3:03pm
Quoting jpadvisor
{quote}{quote}
Could somebody of the old hands please clarify this for me:

2. Check if RSIOMA and 21+100 stoch are in uptrend on TF one level higher

What does that mean "in an uptrend"? Above 50 OR pointing UP? Tried to find clarification but could not...

Thanks!!!
  • #18,229
  • Aug 4, 2017 3:33pm Aug 4, 2017 3:33pm
Quoting viennasfc
{quote} Could somebody of the old hands please clarify this for me: 2. Check if RSIOMA and 21+100 stoch are in uptrend on TF one level higher What does that mean "in an uptrend"? Above 50 OR pointing UP? Tried to find clarification but could not... Thanks!!!
For uptrend must be above 50 level.
Above 80 lv means strong trend.
So...Rsioma and 21/100 stoch must be above 50 lv.
The direction doesn't matter,only location.
You only want direction when you're timing your entry.
Work smarter,not harder
  • #18,230
  • Aug 4, 2017 4:05pm Aug 4, 2017 4:05pm
Quoting viennasfc
{quote} Could somebody of the old hands please clarify this for me: 2. Check if RSIOMA and 21+100 stoch are in uptrend on TF one level higher What does that mean "in an uptrend"? Above 50 OR pointing UP? Tried to find clarification but could not... Thanks!!!
That quote was Alien quoting Yaysayer's strategy.



If you are in an uptrend and RSIOMA points down, it is either retracing or reversing, so personally I would not want the higher TF RSIOMA to be pointing against me.

Have a look at this post at beginning of thread - RSIOMA even dips below 50 during an uptrend - would you want to trade long into retracement?
Quoting forexalien
{image}
  • #18,231
  • Aug 5, 2017 3:29pm Aug 5, 2017 3:29pm
Quoting Zimbinga
{quote} That quote was Alien quoting Yaysayer's strategy. If you are in an uptrend and RSIOMA points down, it is either retracing or reversing, so personally I would not want the higher TF RSIOMA to be pointing against me. Have a look at this post at beginning of thread - RSIOMA even dips below 50 during an uptrend - would you want to trade long into retracement? {quote}
Thank you good point re the direction of the RSIOMA! What about the Stoch 100 and the Stoch 21? I think it is OK to have these just above 50 and not worry about if they are pointing up- do you agree?
  • #18,232
  • Aug 5, 2017 3:30pm Aug 5, 2017 3:30pm
Quoting marcof91
{quote} For uptrend must be above 50 level. Above 80 lv means strong trend. So...Rsioma and 21/100 stoch must be above 50 lv. The direction doesn't matter,only location. You only want direction when you're timing your entry.
Thank you!
  • #18,233
  • Aug 5, 2017 3:39pm Aug 5, 2017 3:39pm
Question:

Sometimes when I get a DSD Entry, it happens at the End of a move and fails. I tried all kinds of confirmation with slower timeframes, but they don't really protect from this. In fact, if you have everything on a higher timeframe pointing up, that could mean the move is overbought and it fails..

I have the same problem with some entries as per Mr. Ebitalebi's method. A certain percentage triggers at the end of a move (makes sense, since a strong trend ends at one point).

Do you have any suggestions on how to avoid these entries late into a move? All 3 Stochs bunched together at the top can be a warning sign, but- if combined with a strong ADX- it can mean the opposite (=strong trend) as well.
I suspect divergence can help filter out the bad trades, but I have not found anything consistent about it: It seems to filter out some of the winning trades as well...

Any input would be appreciated, thanks!!!
  • #18,234
  • Aug 5, 2017 4:28pm Aug 5, 2017 4:28pm
Quoting viennasfc
{quote} Thank you good point re the direction of the RSIOMA! What about the Stoch 100 and the Stoch 21? I think it is OK to have these just above 50 and not worry about if they are pointing up- do you agree?
Alien refers to these issues here, to some degree
Quoting forexalien
{quote} This is my quick look trend direction indicator. I start with larger time frames and look for multiple time frames to have the same direction for a trade. . {image}
And (as he says somewhere else), you can to a degree anticipate expected turns on higher TFs, if the lower TFs give strong enough signals & ADX.

Same principles apply to the stos, you just have to factor in their different speeds/sensitivity to PA.

Regarding getting in too close to tops & bottoms, I think you are already discovering the answer - higher TF stos & divergence, status of ADX. Consider also obvious areas of S&R on the charts. Alien system is about looking at what the different indis & TFs are telling us, and weighing it up, which takes screen time & experience. If the picture is mixed or doubtful, sit on your hands as master says and wait for a better opportunity. Look at how Alien analyses MTFs in his posts, now you have gained more experience maybe now is a good time to re-read them.
  • #18,235
  • Aug 6, 2017 2:59am Aug 6, 2017 2:59am
Quoting viennasfc
Question: Sometimes when I get a DSD Entry, it happens at the End of a move and fails. I tried all kinds of confirmation with slower timeframes, but they don't really protect from this. In fact, if you have everything on a higher timeframe pointing up, that could mean the move is overbought and it fails.. I have the same problem with some entries as per Mr. Ebitalebi's method. A certain percentage triggers at the end of a move (makes sense, since a strong trend ends at one point). Do you have any suggestions on how to avoid these entries late into...
The answer to your question is in MTF, you yourself need to solve the puzzle with logic so that your brain could understand it in best possible way. for easy pips, sir forexalien have shared many systems on this thread, try all and check which one suits best for your brain. always try to take A grade setups with discipline to stay under blessings of market ...........
In the court of lord, only love and devotion is counted...
  • #18,236
  • Aug 6, 2017 5:41am Aug 6, 2017 5:41am
For those still on the piece.
Inserted Video
Per aspera ad astra
  • #18,237
  • Aug 6, 2017 12:23pm Aug 6, 2017 12:23pm
Quoting Zimbinga
{quote} Alien refers to these issues here, to some degree {quote} And (as he says somewhere else), you can to a degree anticipate expected turns on higher TFs, if the lower TFs give strong enough signals & ADX. Same principles apply to the stos, you just have to factor in their different speeds/sensitivity to PA. Regarding getting in too close to tops & bottoms, I think you are already discovering the answer - higher TF stos & divergence, status of ADX. Consider also obvious areas of S&R on the charts. Alien system is about looking at what the different...
i know that Ferrufx once coded a divergence indicator, for the RSIOMA I believe... anybody use it successfully to filter trades?

Thanks!
  • #18,238
  • Aug 9, 2017 5:31pm Aug 9, 2017 5:31pm
Nice daily sto rubberband on GOLD.

I went long as shown on H1 timeframe at vertical red line. Notice by waiting for ADX expansion avoided nasty whipsaw:
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  • #18,239
  • Aug 10, 2017 12:46am Aug 10, 2017 12:46am
Hey guys, do You trade much during the summer? My alien setups fail consistantly for last month and there is not a lot of it. Im on 5 trade's losing streak.
Do You guys feel the same, or do You dont trade during the summer, or maybe are more picky during this time?
Summer is for sure lower volume period so thats the case but anyway i wonder if you are experiencing something similar?
  • #18,240
  • Aug 10, 2017 1:31am Aug 10, 2017 1:31am
Quoting Songok
Hey guys, do You trade much during the summer? My alien setups fail consistantly for last month and there is not a lot of it. Im on 5 trade's losing streak. Do You guys feel the same, or do You dont trade during the summer, or maybe are more picky during this time? Summer is for sure lower volume period so thats the case but anyway i wonder if you are experiencing something similar?
What about this little nice wedge, would it play out? ADX compression on 15, potential sling on H1.
I bet on another bouce up and than down

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