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Alien's Extraterrestrial Visual Systems
- #18,261
- Aug 18, 2017 4:05pm Aug 18, 2017 4:05pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
- #18,263
- Aug 19, 2017 11:49am Aug 19, 2017 11:49am
This is the sort of entry I mean where very favourable RR is possible and this set up happens a lot.
Entry on H1 with break of BBS & ADX expansion, RSIOMA breaks 20, price bouncing from cloud:
And same thing on H4 - higher TF support.
Entry on H1 with break of BBS & ADX expansion, RSIOMA breaks 20, price bouncing from cloud:
And same thing on H4 - higher TF support.
- #18,265
- Aug 20, 2017 9:07am Aug 20, 2017 9:07am
- Joined Jan 2014 | Status: I think I'm getting the hang of it. | 253 Posts
Saw some setup on XAU/USD. Setup I'm interested in and I might trade when market opens Monday. Here goes nothing. Comments are welcome so I'll know what I'm doing right or wrong.
I'd like to start with H4 as there was an RSIOMA and green stoch bearish divergence setup. Divergence from both RSIOMA and green stoch I think makes this a high probability setup but of course anything can happen. We'll see on Monday. On H1 RSIOMA and green stoch are moving short but no ADX Momentum ATM. On M1, M5 and M15 RSIOMA and all stoch are on 20 level. There is also strong ADX momentum short on M1 and M5. On M15 ADX 7, 21, 42 has strong momentum short. But all three stochs on M1, M5 and M15 are stuck together. From what I've learned this is what is called bottoming. Price on M1, M5, M15 could cycle long before moving short again and push H1 to move lower and when H1 moves lower it could push H4 moving down as well and the divergence setup to the short side finally happening. Another 'but' is the daily chart which is showing long, a strong long with momentum on all ADX's. But 1300.00 is proving to be a strong resistance which has been tested twice but unable to be broken. The divergence setup on H4 could be a sign that price may not be able to break that strong resistance for a third re-test. If daily continues with it's momentum wee might see a break of 1300.00 and the divergence on H4 failing. If H4 moves down with the bearish divergence then it could bring the daily down with it. The divergence on H4 surely brought everything down on lower TF's. Another thing I see is the bottoming of all stochs on M1, M5 and M15 could also mean that price may continue moving up from the bottom. But anything can happen. Whatever it is it will surely happen.
Sorry for the long post. Here are the charts.
I'd like to start with H4 as there was an RSIOMA and green stoch bearish divergence setup. Divergence from both RSIOMA and green stoch I think makes this a high probability setup but of course anything can happen. We'll see on Monday. On H1 RSIOMA and green stoch are moving short but no ADX Momentum ATM. On M1, M5 and M15 RSIOMA and all stoch are on 20 level. There is also strong ADX momentum short on M1 and M5. On M15 ADX 7, 21, 42 has strong momentum short. But all three stochs on M1, M5 and M15 are stuck together. From what I've learned this is what is called bottoming. Price on M1, M5, M15 could cycle long before moving short again and push H1 to move lower and when H1 moves lower it could push H4 moving down as well and the divergence setup to the short side finally happening. Another 'but' is the daily chart which is showing long, a strong long with momentum on all ADX's. But 1300.00 is proving to be a strong resistance which has been tested twice but unable to be broken. The divergence setup on H4 could be a sign that price may not be able to break that strong resistance for a third re-test. If daily continues with it's momentum wee might see a break of 1300.00 and the divergence on H4 failing. If H4 moves down with the bearish divergence then it could bring the daily down with it. The divergence on H4 surely brought everything down on lower TF's. Another thing I see is the bottoming of all stochs on M1, M5 and M15 could also mean that price may continue moving up from the bottom. But anything can happen. Whatever it is it will surely happen.
Sorry for the long post. Here are the charts.
Patience and Discipline, these are the Holy Grail.
- #18,269
- Aug 23, 2017 5:17pm Aug 23, 2017 5:17pm
- Joined Nov 2014 | Status: Trader | 1,736 Posts
EU daily slingshot north to complete n find myly slingshot south bound
bi cycles 
n fractals 
bi cycles
n fractals
- #18,270
- Aug 24, 2017 2:04am Aug 24, 2017 2:04am
EU daily slingshot north to complete n find myly slingshot south bound bi cycles {image} n fractals {image}
Nice flag is forming.
From my point of view, nice entry would be when flag is breached, 21stoch starts to reverse and fast stoch is bouncing from 21.
Draghi speaks on Friday, he might give EUR a push for the next week however it is not rather his intent as weaker EUR is better for EU.
- #18,273
- Aug 25, 2017 11:31am Aug 25, 2017 11:31am
{quote} That looks good thanks - just need push notification if possible
Settings are attached, you can also use this to find when ADX is being powered on, you can scan for specific ADX, or group of ADX together. Push notifications added, also alert name. So if you're going to setup multiple scanners, you can give them a friendly name that will show up in the Alert box.
{quote} Ask and you shall receive Settings are attached, you can also use this to find when ADX is being powered on, you can scan for specific ADX, or group of ADX together. Push notifications added, also alert name. So if you're going to setup multiple scanners, you can give them a friendly name that will show up in the Alert box. {file} {image}
LEGEND
- #18,275
- Aug 25, 2017 12:58pm Aug 25, 2017 12:58pm
{quote} Ask and you shall receive Settings are attached, you can also use this to find when ADX is being powered on, you can scan for specific ADX, or group of ADX together. Push notifications added, also alert name. So if you're going to setup multiple scanners, you can give them a friendly name that will show up in the Alert box. {file} {image}
Great stuff, thanks so much
{quote}
Happy hunting
