Alien's Extraterrestrial Visual Systems | Page 989 | Forex Factory

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Alien's Extraterrestrial Visual Systems

  • #19,761
  • Feb 19, 2018 4:11am Feb 19, 2018 4:11am
Hi Master Allien,

I'm not able to send PM because of my current member status. Could you please help me to have the 5 speed ADX and Stochastic as below? Thanks.
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  • #19,762
  • Feb 19, 2018 6:58am Feb 19, 2018 6:58am
Hi Aliens, some points for the week:
"As a consequence of Presidents Day in the USA on Monday many equity markets will be closed during the day’s trading sessions, therefore the data releases for the day are practically non existent. In fact we’ll have to wait until Wednesday to receive the first high impact calendar news event of the week for the USA, as the Fed publishes the minutes of the FOMC meeting held in January. This release, revealing how united the various FOMC committee members are in relation to monetary policy, will come under far more scrutiny than is usual, due to the stock market sell off, based on the perhaps unfounded fears of rapidly rising interest rates, witnessed two weeks back. If the minutes deliver clues that the FOMC is considering more aggressive rises, then the markets may arrest last week’s bullish momentum.
More stability may be added to U.K. markets as BoE governor Mark Carney delivers a speech in London on Monday, presumably his delivery will cover three main issues; Brexit, inflation and the timing of any base rate rises. On Wednesday several of the BoE MPC committee members will once again meet and hold a conference. The timing is interesting, given that a data set will be published in the morning, revealing the current state of the U.K. govt.’s borrowing position, the conference will come the day before the latest GDP figure for the U.K. is revealed on Thursday. The forecast is for YoY growth to be maintained, at 1.5%. Whilst equity markets have simply regained a significant proportion of the lost ground given up during the sell off, FX market movements are never as straightforward, or linear".
Per aspera ad astra
  • #19,763
  • Feb 20, 2018 5:00am Feb 20, 2018 5:00am
Hi Aliens,
EU is short at last.
On the daily chart there is a clear Alien's hook. It's a reversal sign as you know and price is dropping.
Also the other Tfs are now moving to the sell side so is a no buy for now. Cheers
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Per aspera ad astra
  • #19,764
  • Feb 20, 2018 6:01am Feb 20, 2018 6:01am
@jpadvisor
i've read the last couple of weeks the whole 989 pages.
i'm a scalper so i prefer 5-15 minutes trade,1 trade a day, 2 hours screen time. i've noticed these indicators it's all about the waiting game. to get a trend, you use all timeframes monthly - hourly. personally noticed that the 4h timeframe is a preferred one for day trading. but still, how many hours does it take, to pick the right moment when you see a promising trade happening. lets say you use the 1h, 4h or daily TF. for the yen pairs gbp/jpy, eur/jpy,usd/jpy, what are your SL. those daily waves are 100-150 points, but you don't want these against you.
  • #19,765
  • Feb 20, 2018 6:11am Feb 20, 2018 6:11am
Quoting 19lexicon78
@jpadvisor i've read the last couple of weeks the whole 989 pages. i'm a scalper so i prefer 5-15 minutes trade,1 trade a day, 2 hours screen time. i've noticed these indicators it's all about the waiting game. to get a trend, you use all timeframes monthly - hourly. personally noticed that the 4h timeframe is a preferred one for day trading. but still, how many hours does it take, to pick the right moment when you see a promising trade happening. lets say you use the 1h, 4h or daily TF. for the yen pairs gbp/jpy, eur/jpy,usd/jpy, what are your...
You're correct. I'm mostly a daytrader searching the best opportunities every day for a nice trade.
To me using the MTF from 5 M to Weekly you have a statistic advantage. First you follow the main trend; second you reduce the contrarian moves entering a trade when all TFS are aligned.
I scan the higher TFs like H4 or Daily to find a very good pattern like the one called on EU and when I find I enter on M5 when there is strong power of ADX.
That's all. Hope it helps.
Per aspera ad astra
  • #19,766
  • Feb 20, 2018 7:13am Feb 20, 2018 7:13am
after 100 perhaps 1000s of trades.
how much time each time frame takes from a promising trade - to go into the trade. and it's deviation
1 day setup=avg time promising-active
when you look only 4h setups=
only 1h setups= potential to active trade.

what is your routine? do you watch eg 20 pairs, and 2 of them are promising, only those 2 to follow, or do you follow always those 20 pairs. do you follow the pairs the whole day, or just a couple of hours a day, lets say only at 19-2200 hour. or do you have a smartphone and watch the pairs every 15-30 minutes/hour whole day.
i have the feeling, this kind of trading is like a sniper watching for the right moment to strike. but you have to watch and wait the whole time. i'm hope i'm getting it wrong, because i don't have whole day.
  • #19,767
  • Feb 21, 2018 1:50am Feb 21, 2018 1:50am
Quoting 19lexicon78
after 100 perhaps 1000s of trades. how much time each time frame takes from a promising trade - to go into the trade. and it's deviation 1 day setup=avg time promising-active when you look only 4h setups= only 1h setups= potential to active trade. what is your routine? do you watch eg 20 pairs, and 2 of them are promising, only those 2 to follow, or do you follow always those 20 pairs. do you follow the pairs the whole day, or just a couple of hours a day, lets say only at 19-2200 hour. or do you have a smartphone and watch the pairs every 15-30...
Once a week, usually on sunday, I make my weekly analysis, then every day I try to be on my desktop at LO and at NYO to set my trades and at evening to close them. This is my routine. For sure not scanning all pairs every now and then.
Fundi info are gathered though continously. Cheers.
Per aspera ad astra
  • #19,768
  • Feb 21, 2018 5:41am Feb 21, 2018 5:41am
thanks for answering my questions.
LO and NYO, isnt that very risky? i never trade around these times, mostly 1-1.5 hours after opening. to get this correct: so you decide within the london/NY open to active trade. iow after 1000's of trades you can see almost instantly which ones are promising and go to active. how many times between LO/NYO and close, you watch your pairs?
using also fundamentals as a main component for your trading system?
  • #19,769
  • Feb 21, 2018 6:33am Feb 21, 2018 6:33am
if got other questions..
your weekly analysis: which components do you use, this alien system, fundamentals,etc?
lets say, you come to the conclusion gbp/jpy is long. the next week, you only look for buys gbp/jpy, or also sells because gbp/jpy has a daily swing of 100-150 points?
so what are your filter mechanisms? your efficient way at scanning/trading pairs?
i'm asking these questions, because these indi's will take 1000's of hours to "feel" them, with the right filters or routine, you will be more efficient in learning.
  • #19,770
  • Edited 12:24pm Feb 21, 2018 9:16am | Edited 12:24pm
Hi mr. Alien, hi everybody here! I'm kind new on this thread, and is pretty difficult to understand it as my English is not so good, but I'm trying to translate all the rules and the examples, anyway I was just wondering if is possible to use this method with hedging instead of use the stop loss? Do you think this can be possible or I'm just telling bullshit? Hope for your answers and sorry about my English
  • #19,771
  • Feb 21, 2018 6:59pm Feb 21, 2018 6:59pm
Quoting jpadvisor
Hi Aliens, EU is short at last. On the daily chart there is a clear Alien's hook. It's a reversal sign as you know and price is dropping. Also the other Tfs are now moving to the sell side so is a no buy for now. Cheers {image}
Hi jpadvisor, Could you please explain me little bit more about the Allien's hook? Thank you.
  • #19,772
  • Feb 22, 2018 4:51am Feb 22, 2018 4:51am
About FED minutes:
"The FOMC minutes, relating to the January 30th-31st meeting, were released on Wednesday evening and they offered up very little in the way of clues, regarding the timing of interest rate rises in 2018. Instead the minutes accentuated the positives in the USA economy and with regards to any concerns over inflation building up, the minutes actually suggested that CPI may in fact miss the target, as opposed to quickly rising to (and breaching) a 3% level. Investors overall regarded the release as benign but disappointing, with very little clues in the form of forward guidance. The FOMC confidence was underscored by the PMI readings published on the day, which beat the forecasts, however, in other calendar news existing home sales surprised analysts by falling by -3.2% in January. Once again, the concerns regarding another tipping point emerging in relation to ten year treasury bonds reaching 3%, were ignored by investors as the yield reached 2.94%, a five year high, with two year bonds reaching a nine year yield high of 2.26%. The issuance of new government debt was a subject of heightened interest on Wednesday, as the USA treasury intends to auction circa $260 billion of debt this week. These auctions, and the elevated yields, could impact on the equity markets if investors rotate out of equity markets into bonds."
Per aspera ad astra
  • #19,773
  • Feb 22, 2018 4:54am Feb 22, 2018 4:54am
Quoting mgl123
{quote} Hi jpadvisor, Could you please explain me little bit more about the Allien's hook? Thank you.
If you browse into my posts in the thread you can find a lot of explanations and examples from january 2017 onw. Cheers
Per aspera ad astra
  • #19,774
  • Feb 22, 2018 6:10pm Feb 22, 2018 6:10pm
Quoting jpadvisor
{quote} If you browse into my posts in the thread you can find a lot of explanations and examples from january 2017 onw. Cheers
Hi jpadvisor, Thank you very much.
  • #19,775
  • Feb 22, 2018 7:45pm Feb 22, 2018 7:45pm
Quoting RenoA
As Master Alien says "2 steps forward , one backwards, and two forward again". Another positive week of trading, cutting losses short and letting the winners ride. {image} {image} Forever learning, but seeing the light at the end of the tunnel.
Soon that will be 6 steps forward and 1 step backwards and 6 steps forward...........................then 12 steps forward and 1 step backwards and then again 12 steps forward............

Everyone keep learning and training......!!!!!!!!!
The More You Learn, The More You Earn.....
  • #19,776
  • Feb 22, 2018 7:59pm Feb 22, 2018 7:59pm
Quoting forexalien
{quote} It's working on it , the H4 is getting down there now and no PA to follow, this will tell you another leg up with the Daily still climbing. {image}
Update................USDCAD.......

Lower pic is from a week ago.........
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The More You Learn, The More You Earn.....
  • #19,777
  • Feb 22, 2018 8:03pm Feb 22, 2018 8:03pm
Quoting marcnathan88
GBP/CAD Long. I believe this is how it's done. When all TF's line up you have a really good setup. Although H4 RSIOMA is below 50 daily RSIOMA is creeping at 80. So overall I think this is good to go long. Add to that the CPI which was green. Positive for GBP. M5 {image} M15 {image} M30 {image} H1 {image} H4 {image} Daily {image}
Royal Flush on the Green ADX indi..................nice job...............!
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The More You Learn, The More You Earn.....
  • #19,778
  • Feb 22, 2018 8:09pm Feb 22, 2018 8:09pm
Quoting dbsys
Yesterday I've opened this short on AUDUSD and still holding it, thinking to add if DSS will go down. Any advice is welcome {image}
Did you catch that mega drop ?
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The More You Learn, The More You Earn.....
  • #19,779
  • Feb 22, 2018 8:10pm Feb 22, 2018 8:10pm
Quoting dbsys
{quote} I didn't open second position and the first one hit my TP while I was walking with my daughter. I'm thinking to short again if price closes below circled area. {image}
You did get the mega drop !
The More You Learn, The More You Earn.....
  • #19,780
  • Feb 22, 2018 8:12pm Feb 22, 2018 8:12pm
Quoting marcnathan88
TP's hit. EUR/USD +70 pips. USD/CHF +118 pips. Total +188 pips. Could've made more on EU but profit is profit and the most important thing here is I'm learning a lot. Glad I discovered this trading strategy. Thank you Alien. EU {image} UC {image}
Hold your trades till the ADX 7, 21,42 turn off and that is a good exit for now.......................
The More You Learn, The More You Earn.....
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