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  • #20,301
  • Apr 20, 2018 2:01pm Apr 20, 2018 2:01pm
Quoting carsten103
{quote} I see how the DDS is compressed at the top and a drop tends to happen at some point when compressed like this. My question is 2 part: 1. Don't anticipate the drop, wait for it and then place orders correct ? 2. Is it possible that the D1, H4 and RSIOMA continue to stay up there and we can buy H1 DDS drops as a rubber band trade as long as the RSIOMA doesn't drop too much (below 60-70ish) with the H! DDS ?
If you are using the Chandelier , you can place sell stops under it like in the chart below.
Your correct , the drop my not happen right away, the higher TF's do stay up there longer.
Keep your sell stops 20 to 30 pips away , something you will make your own on each pair.
use small positions so you have more gun powder if it does continue up a bit longer.
Maybe practice with one position until you get comfortable with it.
If the h1 does make it to the bottom , yes rubber band trade it long again.
The H1 normally take 12 to 20 hours to move across the screen, so you can sleep or be at work or....................
yes on the RSioma, you would have to wait for the RSIoma to cross long again to confirm the rubber band trade long again.

And the M15 is dropping while the M30 is climbing as shown in the Alien DDS dashboard - this could be the start of the reversal but watch for the change in the M30 or H1 to drop first. The Green squares tell you that the TF's are moving less than 1% each time period.
Attached Image (click to enlarge)
Click to Enlarge Name: uchf sell stops.JPG Size: 252 KB
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  • #20,302
  • Apr 20, 2018 2:28pm Apr 20, 2018 2:28pm
Quoting forexalien
{quote} USDMXN - quick mover today.................... {image} {image}
Beautiful...............
Attached Image (click to enlarge)
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The More You Learn, The More You Earn.....
  • #20,303
  • Apr 20, 2018 3:18pm Apr 20, 2018 3:18pm
Quoting carsten103
{quote} I am aware that the system is set up as a trend following system. I was wondering if one could use the BBS along with a slow down, or powering down of momentum (ADX powering down) to trade the bollinger bands in a range before the next impulsive move ? Has anyone had success with that ?
You can swing trade when price touches BBs if ADX is powered down. Try looking on H4 for price swing after BB touch with divergence and confirm with lower TFs. Of course if ADX is not powered down there is more chance of continuation in same direction...
  • #20,304
  • Apr 20, 2018 5:34pm Apr 20, 2018 5:34pm
Quoting Zimbinga
{quote} You can swing trade when price touches BBs if ADX is powered down. Try looking on H4 for price swing after BB touch with divergence and confirm with lower TFs. Of course if ADX is not powered down there is more chance of continuation in same direction...
That makes sense. So if price breaks up, then pulls back and the 7&21 go red, but the 42, 89 and 144 stay green that is obviously a pretty strong signal it will bounce up at some point (Support line or opposite bollinger band) as long as the stochs also are in line correct ?

I have read on the 5 ADX's and I feel like I understand the significance of most of them except for the 42. It is the middle one. How important is it when determining whether PA is a pullback/continuation versus a reversal ? What will be the signs on the ADX Dash ?
Listen more than you speak and be constructive
  • #20,305
  • Apr 20, 2018 6:44pm Apr 20, 2018 6:44pm
Quoting carsten103
{quote} That makes sense. So if price breaks up, then pulls back and the 7&21 go red, but the 42, 89 and 144 stay green that is obviously a pretty strong signal it will bounce up at some point (Support line or opposite bollinger band) as long as the stochs also are in line correct ? I have read on the 5 ADX's and I feel like I understand the significance of most of them except for the 42. It is the middle one. How important is it when determining whether PA is a pullback/continuation versus a reversal ? What will be the signs on the ADX Dash ?
friend, the answers to those questions, will only get by analyzing the indicators in real time, the theory is only valid, watching how the gears work, I believe even alien. could not define what you need to learn without posting the graphics, it dictates our analysis to understand the system. Take it easy and patience that you get there.
Attached Image (click to enlarge)
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  • #20,306
  • Apr 21, 2018 7:52am Apr 21, 2018 7:52am
Quoting forexalien
USDCAD - doing a little scalping a cross trade showed up with ADX hot - following it now. {image}
Well a small follow up at the end of the week on the USDCAD - Things were moving slow and
the ADX became hot - end of week only had a 10 pip follow through - but after resting it continued up 24 total pips.
This happened on wave 3 of a 5M DDS, So I think more traders are focused on wave 3 for their profits or computer trading is.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc heat map.JPG Size: 367 KB
Click to Enlarge Name: wave 3.JPG Size: 245 KB
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  • #20,307
  • Apr 21, 2018 8:04am Apr 21, 2018 8:04am
Quoting forexalien
{quote} Well a small follow up at the end of the week on the USDCAD - Things were moving slow and the ADX became hot - end of week only had a 10 pip follow through - but after resting it continued up 24 total pips. This happened on wave 3 of a 5M DDS, So I think more traders are focused on wave 3 for their profits or computer trading is. {image} {image}
Are you still working off your 4hr stochastic?
Sorry don't have time to read the thread
  • #20,308
  • Apr 22, 2018 7:40pm Apr 22, 2018 7:40pm
Quoting Thiagorosa
{quote} Hello Aliens, After the pop up, i see a retest here, seems to be holding - Tight stop for a first try before the bbs {image}
I have changed my mind about the direction of NU, now i see a possible wave 3 down

Waiting for the retrace up

Attached Image (click to enlarge)
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  • #20,309
  • Apr 23, 2018 4:09am Apr 23, 2018 4:09am
Quoting forexalien
{quote} USDCHF - D, H4, H1 all at 99 ready to drop in time ................ {image}
Seems this one is still going up, what is the approach in this cases?

Regards,
Jimm
Building a Freedom All Time Return: 5,178.8%
  • #20,310
  • Apr 23, 2018 4:38am Apr 23, 2018 4:38am
Quoting J1mm
{quote} Seems this one is still going up, what is the approach in this cases? Regards, Jimm
Put your buy stops over the last peak, I dare say.
Per aspera ad astra
  • #20,311
  • Apr 23, 2018 7:25pm Apr 23, 2018 7:25pm
Quoting Thiagorosa
{quote} I have changed my mind about the direction of NU, now i see a possible wave 3 down Waiting for the retrace up {image}
This one looks way better imo hehe

Attached Image (click to enlarge)
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  • #20,312
  • Apr 23, 2018 9:52pm Apr 23, 2018 9:52pm
Quoting forexalien
{quote} Well a small follow up at the end of the week on the USDCAD - Things were moving slow and the ADX became hot - end of week only had a 10 pip follow through - but after resting it continued up 24 total pips. This happened on wave 3 of a 5M DDS, So I think more traders are focused on wave 3 for their profits or computer trading is. {image} {image}
USD is strong.................
The More You Learn, The More You Earn.....
  • #20,313
  • Apr 23, 2018 9:54pm Apr 23, 2018 9:54pm
Quoting RBlackburn
{quote} Are you still working off your 4hr stochastic? Sorry don't have time to read the thread
Day, H4 and H1 Delayed Stochastic............
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  • #20,314
  • Apr 23, 2018 9:56pm Apr 23, 2018 9:56pm
Quoting Thiagorosa
{quote} I have changed my mind about the direction of NU, now i see a possible wave 3 down Waiting for the retrace up {image}
It's OK to change your mind................

Month, Week and Day DDS all topped here.....................
Attached Image (click to enlarge)
Click to Enlarge Name: nu converged.JPG Size: 208 KB
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  • #20,315
  • Apr 23, 2018 9:59pm Apr 23, 2018 9:59pm
Quoting J1mm
{quote} Seems this one is still going up, what is the approach in this cases? Regards, Jimm
Even an Alien can miss one sometimes as the USD has strengthened.
Attached Image (click to enlarge)
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  • #20,316
  • Apr 23, 2018 10:01pm Apr 23, 2018 10:01pm
Quoting jpadvisor
{quote} Put your buy stops over the last peak, I dare say.
Or Sell Stops under the last peak and wait for the drop.......................
Attached Image (click to enlarge)
Click to Enlarge Name: uc.JPG Size: 301 KB
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  • #20,317
  • Apr 23, 2018 10:04pm Apr 23, 2018 10:04pm
Quoting Thiagorosa
{quote} This one looks way better imo hehe {image}
Yes , it didn't help that the NZD tanked today..............................
Attached Image (click to enlarge)
Click to Enlarge Name: NZD tanked.JPG Size: 98 KB
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  • #20,318
  • Apr 24, 2018 1:39am Apr 24, 2018 1:39am
Hey,
first time posting here.
Looks like USDJPY is ready to turn.
D.
Attached Image (click to enlarge)
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  • #20,319
  • Apr 24, 2018 3:39am Apr 24, 2018 3:39am
Quoting forexalien
{quote} Or Sell Stops under the last peak and wait for the drop....................... {image}
Can You show us how do You manage this kind of waterfall positions and how do You set take profit and stop loss levels?
Possibly with some examples where prices went to take profit and stop loss?
  • #20,320
  • Apr 24, 2018 4:24am Apr 24, 2018 4:24am
This is an overview for the Euro and Pound.
You know, I like to trade "confluence".
"Last year, the Eurozone was one of the best performing major economies, which was an unexpected occurrence. However, after peaking in January, the fears around the US-China trade war have influenced the growth that slowed down in the following months. Yesterday we have seen the release of euro zone, Germany’s and France’s PMI (an indicator of overall economic health), where the French private sector activity rose in April with Markit services PMI coming at 57.4 from 56.9 in March. The manufacturing PMI came at 53.4 (in line with expectations) and up from previous month reading of 53.7. In addition, Germany’s private sector activity improved in April, with preliminary German services PMI coming above expectations at 54.1, up from 53.9 last month. The flash manufacturing PMI came at 58.1 (lowest in 9 months) as opposed to March when it was at 58.2. With both manufacturing and services PMI coming at better than expected, it seems like a solid start to the second quarter for the country. Regarding the Eurozone PMI, with the solid quarterly GDP growth of 0.6%, the euro may be gaining strength with a possibility of fading boost from ECB policy and less damage than expected on the economy overall in terms of concerns regarding protectionism. As the private sector economic activity have enhanced in April, concerns over the health of the block’s economy have eased. The euro’s rally at the beginning of 2018 has paused slightly, brining relief to the central bank, nevertheless, it may not be for long as the investors remain bullish on the euro and ECB may be facing again a potentially harmful impact of the strength of the single currency.
According to Reuters, GBP has slipped to a 2 week low against the dollar yesterday, due to the investors questioning the before ‘almost certain’ May rate hike. The pound has been one of the best performing major currencies in 2018 until last week and has reached the highest level last week since the Brexit referendum. What would be closely watched this week are the gross domestic product figures as they could contain clue if BoE is ready for a rate hike. Today we are expecting news from the US regarding the consumer confidence and new home sales that are expected to rise to 625k in April from previous 618k in February. From Europe, we will be looking at preliminary PMI and German Ifo business confidence indicator. The UK CBI industrial trends of April are due today and are expected to come in with +4 reading, as well as public sector net borrowing".
Per aspera ad astra
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