Alien's Extraterrestrial Visual Systems

Thank you sir

Hi fellow Aliens,
my DAX trade from the yesterday is still ongoing. I went to bed and most of my stops got taken out on a retracement except for one that is still hanging in there.
If at the start of trading today it gaps down I will add more short positions as the Alien indi's and waves line up.

The following is what got me into my latest trade.
I am still learning myself so this is just my 2 cents worth and I am open to other Alien opinions.

After checking the higher time frames and seeing a down trend or retracement on the D1, I went back to the M1 to M15 charts to look for a suitable entry. At these lower time frames the M15 chart is the most important for predicting future direction for me due to less noise.

M15: I check the Multi-DDS indicators first. The H4 was crawling along the floor and dragging the H1 down to it. The M15 had just finished a cycle wave up and down and was drawing the H1 down to it. So all DDS on M15 heading down. Good sign number 1.

M15: I next check the stochs and notice both the more slower (powerful) stochs the 100,1010 & the 21,10,10 are down with the quicker 8,3,3 stoch cycling up for another push down. Good sign no# 2.

M15: Check RSIOMA, under 20 level, with the delayed stochs following it down, great position. Good sign no#3.

M15: ADX indi still lit up nicely on the 21,42,89,144 for a powered short continuation. Possibly wave 3? Another good sign!
The M15 was showing all the signs for a nice short and from the higher t/f's it looked like it was going to be a decent move. Now I had to just wait for the M1 and M5 to line up for the move down.

M5: Straight to the M5 multi-dds. M15 is still pulling the H1 down but I noticed the M5 has raised its head and heading up. This was something to keep an eye on. Either the M1 cycling down would push the M5 back to the floor of or the M5 would cycle up one more time, delaying my entry. Patience!

M5: Stochs. The 10,10,10 & 21,10,10 were both below the 20 level with the 8,3,3 cycling up, failing and creating that doji at the top of price action before heading back down.

M5: RSIOMA under 20 level. Good!

M5: ADX ind still lit up at 89,144 lvl following the M15 ADX. Good.

The M5 was close to turning and following the M15 wave, we just had to wait for the M1 to get the ball rolling.

M1: DDS, the M1 cycled up, thought about coming down and then turned back up again, which started the M5 to raise its head, which I was still watching closely. Eventually it turned back down and dropped the M5 back down.

I set up my sell stops just like I have seen Master Alien do and let the trade come to me.

Starting to hit my trade setups.

Hi

I would firstly like to thank everyone for their input in this thread ,as it has made me look at the markets in a completely different way.

I've never used mt4 before and I am finding it hard to get data to show on the MTF DDS ,its probably something stupid that Im doing but i cannot get it to work,any help would be much appreciated.

My last stop was taken out. Nice ride!

Saw the M15DDS turning down to join the H1,H4,D1 and jumped on!

Nice!

Dear Alien and members,

Could you please tell, how you knew it is going to be an X-cross trade, but not a slingshot??? Thank you in advance, dear friend from other Galaaxy

That's a great question alberti I have watched Master Alien predict many moves like that which amazed me and price action did exactly what he said!

My observation is that while the RSIOMA delayed stochastic was showing a nice rubber band slingshot to the upside the 21,10,10 stoch just crossed the 50 lvl heading down, so the 8,3,3, stoch will eventually cycle back down to follow the 21,10,10 as it a more powerful and slower stochie and thus forming an X cross and negating the d/s slingshot.

Senior Aliens please confirm or tell us what you think.

The move I have trouble spotting is the 'Alien Hook'

This is one of my losing trades from yesterday.

The M1 powered up nicely with all the indi's coming alive and indicating a long move.

The M5 seemed to confirm this and was very close to the 200sma resistance. So I thought a small retracement was forming as price was trending down overall and I could be sneaky and grab a few pips before it continued down.

But I missed a few obvious things on the M15 that indicated this was not so and the price retracement was smaller than i thought and could be probably heading back down instead.

Lost $70. You live and learn!

Saw this move unfolding as i was leaving work today.

Possible wave 3 long coming?

RenoA, Thank you for helping out again. I am happy that I dared to start posting, since now I feel how contribution and suggestions help to answer unanswered questions.

And also, I also thought so too or that it could be MTFs analysis and HTF direction was bearish maybe.

Yes, that's what Forex Alien always said. You will learn much quicker by posting examples of your trades here, good and bad. Everyone learns quicker!

More about Brexit issue:
"On Wednesday, Bank of England stated that Britain’s banks could deal with a hard Brexit expected next March if needed. As Reuters reported, the Financial Policy Committee of Bank of England stated that the Britain banks have sufficient capital to face any turbulence in the markets once Great Britain leaves the European Union without a deal. The committee is to review in March whether the current counter cyclical buffer should be raised due to other risks that build up over the course of a credit cycle, such as mortgages granted at high loan to income ratios. The Financial Policy Committee (FPC) sees good progress made in ensuring that unsettled derivatives contracts do not impose risk to the British economy in case of no Brexit transition deal in place. Never the less, Britain and the EU should take action and determine the steps to be taken in case of hard Brexit to occur in terms of avoiding potential disruption to 29 trillion pounds of uncleared swap contracts.
However, former Prime Minister Tony Blair does not agree with the views of BoE and believes that the UK should commence planning to delay Brexit and extend the negotiations with the EU, as he sees leaving the European Union without a deal as a disaster. Additionally, he believes that Prime Minister, Theres May, does not have a set aim to follow towards the exit day in March 2019 and has shown slow progress of negotiations. At this moment, as per Reuters, May is still having difficulties to build a consensus with her cabinet and reach a decision on the customs and trade models to propose to the EU and has assured to provide a more detailed plan that is expected to be published next month. Before doing so, she must have the support of her most senior ministers. After leaving the EU, Britain will need to re-invest itself as a global trading nation and British Chancellor of the Exchequer, Philip Hammond is looking to promote free and open trade in his recent talks with China. In his last visit, both countries promised to continue strengthening the cooperation on a wide range of financial, economic and trade issues and Britain’s aim is encourage two-way trade and investment with Beijing".

That was a nice long ride yesterday, with that big 100+ pip candle starting it all.

Jumped on this nice short a little earlier tonight. It is still going.

Hi fellow Aliens.
The DAX gapped up tonight. I waited to see if it was just another stop hunt and then a reverse back down as it was close to a resistance area but the Alien indi's all started showing strength on the M5/M15 so I opened small long positions.
I have included my thoughts on the image below.

Price is having trouble breaking that resistance zone from the H1.
The M5 21,10,10 has started cycling down, bringing the M15 8,3,3 down for another wave.
My stops got taken out for $100+ wait and watch M1 and M5 go through their cycles and see if they line up with the M15 again and open another long trade.