Alien's Extraterrestrial Visual Systems

If you analyze the Dax Index you will see that are many automotive factories in it. Therefore this great volatility today for the fear of import daxes to US.

Next entry?
M1 - M15 DAX
Wait for M5 to turn Back down with the H1 and open another short position?
Might not work as the M15 is starting to raise its head. Possible long setup?
MN = up
W1= up
D1= down (possible retracement on D1 and then could turn back up to follow MN/W1)

Patience! Wait for M5 to turn down and see how it affects the M15. If the M15 keeps coming up then possible ranging action for a while between M5/M15.

Any older aliens feedback appreciated.

Thanks Sensei JP your fundamental perspectives are always appreciated and explain a lot of what price action is doing. I have learned much of you and the older Alien Sensei's.

M5 DDS has started down. M15 DDS is still coming up, price is ranging.

If M5 turns M15 DDS back down I would consider entering a small short.

Otherwise wait for M5 DDS to cycle down and Jump in with a long position as it follows the M15 up.

Patience little alien.

M5 pushed down M15 DDS to follow H1 down. Opened small short position.

Wait for retrace on M! stoch then enter new short trade.

Retrace took me out lost $15. Trying to pull my stops closer but it is very hard to do with the DAX as it is so volatile.
Why I love It!

21,10,10 stoch taking M1 DDS up with it.
Watch what the M5 DDS does, will it stay on the floor or come up with them?
When 21,10,10 stoch cycles back down taking the M1 DDS with it look for opportunities to short as it might just keep going.

Anyone trading Bitcoin?

I thought I would try Master's system on it, but can't seem to get the feel of it. It ranges forever then has a good move then more ranging, sometimes for days.

Talk about patience to trade that sucker!

Back to the Dax.
Well the 100,10,10 stoch is following the 21,10,10 up this is interesting.
Will it take the 21,10,10 up on the higher M5 timeframe with it which in turn will take up the 8,3,3 on the M15 higher t/f.
Time will tell.

did you write how to use your technique in this thread? in what page you explained your technique? im not lazy, but 1026 pages are just bajilion for us.

Hi, this system was created by Forex Alien and like all good systems it does have a learning curve. I started at page 1 and worked my way through because I could see it was worth it and for Alien to give it away for free is amazing.
I also go back re-read parts over and over to understand it as I am pretty new to forex trading myself.
It does take time to learn, but so do all good things.

My latest trades 5 minutes ago.

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Hi fellows

Wanted to get your opinion on GU. Im biased to short.
Div on h1 and general downtrend.

And sorry, can't put pics in proper order. It goes H4, H1, D. Any suggestion how to set sequence of pics on FF. Thanks in advance!

Hi alberti,
I think you could be right.

The MN DDS has cycled up.
The W1 DDS has cycled down. Will it take the MN down with it or cycle back up? The W1 100,10,10 stoch is starting to turn down
The D1 DDS is still heading down and close to the 20 level.
The H1 DDS is looking for a top with all the stoch's above the 80 level but so far unable to break through the 200sma resistance.
The H4 DDS is following it and finding resistance at the 50sma.
The M15 stochs are also looking for a top with no resistance in sight, so they might keep going long for a while, as the M5 DDS is cycling long again.

With all that higher time frame resistance we might see more downside, but only time will tell.

just my 2 cents.

Set you pic sequence in MT4 first like mine then screen capture 3 charts in 1 shot in the time frames you want.

The mighty DAX has gapped up at the start of the session.

The higher D1,H4,H1, DDS are all down. Will the M5 hit the 200sma resistance and crash?
The M15 50sma resistance is backing it up with a doji candle forming for a possible drop.

Let's see.

So things seem to be going to plan.
M15 broke just thru 50sma but looking weak with another doji forming.
M5 is close to hitting the 200sma
M1 DDS is cycling down for another long move.
Alien Patience.

Hmm interesting.
The H1 DDS has raised it's head. Could the M5 price action be breaking thru the 200sma?
Taking the M15 up to its associated 200sma resistance?

If the M5 breaks thru I might take a small long position.

And here we go. Reversal on EU is served.
The alien's hook on H4 played out. Let's see now how far it goes.