Alien's Extraterrestrial Visual Systems

Quoting forexalien

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{quote} Check the news, and when the PA goes flat or sideways, sit on your hands and let it play out. wait for the crossover also. Green sto held long and ADX fired up long also. Wait for confirmation. it is hard to wait sometimes. {image}

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Quoting valentroisss

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update as of 30- 1August. Summary of challenge so far. Pretty stressful if keep multiplying the lot size. Abandon the idea of challenge(i failed the challenge). Main issue face 1) Lack of focus- still have full time job. I spend around 2, max3 hours daily for the challenge. 2) When trade bigger, emotion hardly control when you used to 0.2 per trade Thing to improve. 1) Wait better entry point(cannot focus due to job thus sometimes affecting trades margin) 2) Currently learning to add order if thing favor to you, the trade come to your direction...

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Quoting alberti

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Guys, seems like GU uptrend and Dollar weakness is starting now. What do you think?

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Quoting jcat

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{quote} 1 Hour builds the 4 hour, 4 hour builds the day. I don't see any rubberband, divergence, TTA ...anything on the 1 hour. That doesn't mean it won't go up You can the see the price ranging here, I think it will go up, but there are more interesting charts at the moment. Nothing I see would induce me to buy, unless I was buying at pivots (100 return to central), small lots and waiting for the return. I play that game sometimes, but found I make more pips trading shorter trades. Made 3% yesterday selling this. {image}

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Quoting alberti

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{quote} Thanks, jcat! You were right. Seems like bears are not out of the game yet and will keep pushing further. {image} Daily-Since 100 was still below 20 it was early to go long based on divergence. {image} H4-While Green Stoch was falling back to 100, it seemed to me that divergence on this TF was being created as well. My strong belief in this div made me neglect X-cross being created. System is perfect: just look at how ADX started to expand and X-cross started to play out 2 candles (i.e. 8 hours) before the actual move happened. {image} H1-On...

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Quoting jcat

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{quote} Right, I don't view it as "I was right" the charts were right.

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Quoting forexalien

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{quote} BUT , you need to do a MTF analysis of the world of waves around you.................. Are you going to wait for the H4 to turn long again? Do you want to wait for the H1 retrace? Right now I see on the M5 chart, The M5. M15, H1, all compressed to the floor. PA may trickle down lower yet, but there will be a point that it will try and go long. At the point the H1 Crosses the H4 , it will be confirmed and it might pull the H4 up with it. Daily to follow............ So ride the waves as they happen. {image} {image}

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Quoting Zimbinga

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{quote} Yes it's good if you can take ego out of trading, look at charts impassively without fear or greed according to the requirements of your strategy...

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Quoting forexalien

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{quote} Good article, this is the way Alien trades. 30 minutes in the morning, maybe lunch 15 minutes, 30 minutes after work and 30 minutes before lights out. Do longer inventory trading on compressions and rubber bands and your all set.

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Quoting marcof91

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{quote} CADJPY weekly tf That's it! I almost forgot the setup on weekly tf. 8,3,3 sto is now sloping downwards. Time to test the low. {image}

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Quoting alberti

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{quote} Dear members, wanted to get your opinion on this one of the old posts from March 2015. I started to compare old forecasts to see what happened. Below is original forecast: {image} Slingshot didn't really work (not as many pips) and price turned up for the next couple of months. I was trying to find the cause for that and managed to find 2 vague arguments. {image} There was some kind of a hidden div on weekly. Not a textbook div, but difference in the slopes of lower lows of Green Sto and PA makes me think that that might have been the cause....

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Quoting Zimbinga

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{quote} Re divergence, in my experience divergence should be viewed in context of ADX. ADX weak - divergence more likely to play out in price. ADX strong - divergence less likely to impact price, but maybe tighten your stop if appropriate. & never use divergence on its own, it just adds to other signals, like jcat says its a 'pay attention'

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Quoting alberti

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{quote} Never thought of that relationship. Thanks Zimbinga. Adding this to my notes. I recently started to pay more attention to divs, since by looking at past I noticed that every single one of significant reversals was preceded by div (normal or hidden). But one thing I should add to my assessment habits is that divs don't always imply a reversal, but often a retracement.

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Quoting Zimbinga

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{quote} I'm going to experiment with going higher TF. There seems to be some mileage in looking for Daily TF turn on green sto/rsioma/DDS (whichever signals first/looks right) to go in direction of Weekly green sto/rsioma/DDS, and then drop down to H4/H1 to time the entry and exits. In the meantime I'm on pause as leverage slashed to US levels thanks to the EU! Need to find a broker in Aus/NZ I think...

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