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  • #21,081
  • Sep 21, 2018 12:42am Sep 21, 2018 12:42am
Quoting imma1982
Hi, I am newbie here. been hearing this since last two weeks from my friend. is it possible that i can get the software? thanks.


If you're that new to forex that you are asking this question then you'd honestly be better off at babypips.com ....
  • #21,082
  • Sep 21, 2018 2:47am Sep 21, 2018 2:47am
Quoting kain775
{quote} If you're that new to forex that you are asking this question then you'd honestly be better off at babypips.com ....
Thanks.

I guess i will start from there
  • #21,083
  • Sep 21, 2018 6:50am Sep 21, 2018 6:50am
@imma1982
no, do not only start with babypips. but read this thread also. there are alot of gems to find, you'll never find at babypips.
personally when reading indi's, more important is also to learn to read fx graphs without indi's, indi's are a tool/opinion. you need a strong 'self-opinion" to work along with indi's. iow you are the ceo, indi's are the cfo,coo,etc to give you advice. but it's up to you to make a decision.
  • #21,084
  • Sep 21, 2018 9:11am Sep 21, 2018 9:11am
Quoting 19lexicon78
@imma1982 no, do not only start with babypips. but read this thread also. there are alot of gems to find, you'll never find at babypips. personally when reading indi's, more important is also to learn to read fx graphs without indi's, indi's are a tool/opinion. you need a strong 'self-opinion" to work along with indi's. iow you are the ceo, indi's are the cfo,coo,etc to give you advice. but it's up to you to make a decision.
I remember doing the babypips school. Great site. Lots of useful info on there.
Great resource for learning. I bet most people on FF started there.
  • #21,085
  • Sep 21, 2018 9:17am Sep 21, 2018 9:17am
@sparkoz
of course, i did also.
but forex factory has gems you'll never read at babypips. my advice, read both sites even as a beginner.
  • #21,086
  • Sep 21, 2018 1:15pm Sep 21, 2018 1:15pm
Thanks Alien king for mass profits!
Swimming with sharks!
  • #21,087
  • Sep 21, 2018 3:34pm Sep 21, 2018 3:34pm
Quoting kain775
{quote} My slingshot did not look right imo as price hadn't really moved by time the ds and rsioma met. but in the examples alien shows price tends to have moved a decent bit by time they meet It only worked for a large amount of pips because the other timeframes was so bullish. i actually took a daily setup on ej several days before [so knew it was bullish] ...but price dilly-dallied a lot in the next few days and being new to this method i started to doubt my analysis and pulled my trade for a small profit, ....but now price has really taken off...
Everyday before i go to bed, i check the charts (especially the majors).
Since my time is restrictive in front of the computer,i check high tfs starting from monthly till H4 to find setups.
If no setups are found,i go to sleep.
If there are setups i place an immediate trade or pending order with defined SL and TP.
I only move SL to breakeven or profit when i feel comfortable to do so (it's more visual than technical for me).
If price is near my entry point like 20 pips i don't do nothing and let it go.
This is my routine every single day.
Simple and effective.
Find yours and master it! It will become second nature once developed.
Work smarter,not harder
  • #21,088
  • Sep 21, 2018 3:34pm Sep 21, 2018 3:34pm
Quoting imma1982
Hi, I am newbie here. been hearing this since last two weeks from my friend. is it possible that i can get the software? thanks.
https://www.forexfactory.com/showthr...=463573&page=4

post 70 nd 71 what u looking for
  • #21,089
  • Sep 23, 2018 9:21am Sep 23, 2018 9:21am
Hello Aliens!

I've been reading this thread since it's beginning - almost 5 years now! My how time flies! Anyway, many thanks to Master Alien, for he made success in this forex business seem possible. I greatly appreciate the years of his personal investment in his methodology and the success stories he has helped to create. It's been wonderful watching so many turn their trading around!

For a long time I've wanted to contribute something to this thread because, like Alien, I am a determined investigator and experimenter. I have developed my own methods that were inspired by Alien's and I don't want to share them all here because there's already great methods that people here are very successful with. I have my own thread for that here: https://www.forexfactory.com/showthread.php?t=577014

That being said, out of gratitude I would like to offer something that might help people who are just beginning when using the RSIOMA. This is where everyone starts, and ought to start, because it is simple and straightforward. Everything builds more easily from there.

I just remember when I was struggling with all of this so badly and trying to focus my mind, first on this, then on that, etc... I want to offer something that really helped me straighten this out. It gave me something that went very well with the oscillators; something that would be directly on the chart itself that would support what the oscillators were saying and give me a more objective view. Moreover, it gives strong clues as to how far a market might move before reversing, which really helps with the risk control factor.

After years of experimenting and testing, one of the things I made is an indicator that is a kind of moving average. Actually it's a composite of 4 moving averages, each adjusted to the current market cycle and projected forward by 1/2 their periods. When this average is crossed, it's generally concurrent with the RSIOMA crossing the 50 line. It works on all timeframes and all markets. The cycle is calculated using John Ehler's formula and I named the average "HAC," which stands for "Hurst Average Composite."

Attached Image (click to enlarge)
Click to Enlarge Name: HAC & RSIOMA example.PNG Size: 64 KB


I mentioned before that profit targets can be calculated with this. I've adjusted my fib expansion tool in MT4 to give 1x, 2x, 3x, etc... targets from swing high/low to the HAC line when the RSIOMA crosses 50. In great setups 3x-4x can be achieved pretty handily if other TFs are lending support to the trade. Once a target is reached and the RSIOMA is crossing it's average in the 80 or 20 level or is making a divergence, another trade can be made (but this takes some practice getting the feel for it). Below are some examples:


Attached Image (click to enlarge)
Click to Enlarge Name: HAC & RSIOMA Targets.PNG Size: 66 KB


Attached Image (click to enlarge)
Click to Enlarge Name: HAC & RSIOMA TargetsB.PNG Size: 38 KB


Again, I don't want to do anything to hijack this excellent thread. It's just the ideas that I developed for myself were inspired by this thread and all of the hard work so many aliens have done over the years. I really hope this is a worthwhile contribution, especially for those who are still struggling to make sense of it all.

Best Regards,

Almuten
Attached File(s)
File Type: mq4 ###HAC.mq4   2 KB | 608 downloads
File Type: mq4 CyclePeriod.mq4   4 KB | 603 downloads
  • #21,090
  • Sep 24, 2018 1:48am Sep 24, 2018 1:48am
Quoting Almuten
Once a target is reached and the RSIOMA is crossing it's average in the 80 or 20 level or is making a divergence, another trade can be made {file} {file}
Thank you for sharing your research.

Do you have any system for determining which target level you will take profit at i.e. 1x, 2x etc?
  • #21,091
  • Sep 24, 2018 5:03am Sep 24, 2018 5:03am
Monday's morning call about fundi:
"Shocking news came from the UK on Friday when the Prime Minister of the country warned the EU leaders that they are better to come up with an alternate Brexit proposal if they are looking to see success in further talks. As Reuters is reporting Theresa May told the reporters in Downing Street that she is not looking to overturn the results of the referendum nor to break up with her country, while serious negotiations in needed in resolving the two main problems and she is ready. The response from the EU, namely from the French President, Emmanuel Macron about Theresa Mays’ speech, was ‘no comment’. As the situation is heating up, we can all expect very interesting negotiations to follow. Also, on Friday we have witnessed a disappointing release from the Euro zone, where the manufacturing PMI fell to 53.3, while the economists were expecting 54.4. The preliminary reading of the services PMI came at 54.7, whereas the forecast was 54.4, showing a slight increase since last month. The HIS Markit report stressed the fact that the EU business activity is growing at a very low pace namely the slowest since late 2016. The reason behind is seen in the stagnation of the export orders that has restrained manufacturing growth. It is worth mentioning that the export orders are stagnating for the first time in more than 5 years".
Per aspera ad astra
  • #21,092
  • Sep 24, 2018 6:47am Sep 24, 2018 6:47am
Quoting Almuten
Hello Aliens! I've been reading this thread since it's beginning - almost 5 years now! My how time flies! Anyway, many thanks to Master Alien, for he made success in this forex business seem possible. I greatly appreciate the years of his personal investment in his methodology and the success stories he has helped to create. It's been wonderful watching so many turn their trading around! For a long time I've wanted to contribute something to this thread because, like Alien, I am a determined investigator and experimenter. I have developed my own...
Thanks for Sharing.........!
The More You Learn, The More You Earn.....
  • #21,093
  • Sep 24, 2018 12:41pm Sep 24, 2018 12:41pm
Sorry mr Alien, but this human is puzzled to what he is doing wrong


chart 1
I saw a trade today on eur/usd 1 hour. it had pulled back a little bit by time i entered but adx was still all green.
black stoc above 50
green stoc above 50
rsioma crossed and above 50
ds crossed pointing up



chart 2
black stoc was originally sticking above 50, but by time i took the screenshot it was back below the 50 due to a quick drop in price
green stoc above 50
rsioma crossed and above 50
ds crossed and pointing upwards


D1 stocs and rsioma all above 50 as well


yet a spike downwards happens hitting humans stop loss and h1 adx all switch off
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd wrongp1.png Size: 48 KB
Click to Enlarge Name: eurusd wrongp2.png Size: 46 KB
  • #21,094
  • Sep 24, 2018 3:33pm Sep 24, 2018 3:33pm
Quoting kain775
Sorry mr Alien, but this human is puzzled to what he is doing wrong chart 1 I saw a trade today on eur/usd 1 hour. it had pulled back a little bit by time i entered but adx was still all green. black stoc above 50 green stoc above 50 rsioma crossed and above 50 ds crossed pointing up chart 2 black stoc was originally sticking above 50, but by time i took the screenshot it was back below the 50 due to a quick drop in price green stoc above 50 rsioma crossed and above 50 ds crossed and pointing upwards D1 stocs and rsioma all above...
I would say H1 ADX might have been green but had not started a fresh expansion, still subsiding from last expansion. Also after long candle on H1 you could see stos & DDS were topping, so time to lock in some profit there before it go short.
  • #21,095
  • Sep 24, 2018 3:37pm Sep 24, 2018 3:37pm
Quoting kain775
Sorry mr Alien, but this human is puzzled to what he is doing wrong chart 1 I saw a trade today on eur/usd 1 hour. it had pulled back a little bit by time i entered but adx was still all green. black stoc above 50 green stoc above 50 rsioma crossed and above 50 ds crossed pointing up chart 2 black stoc was originally sticking above 50, but by time i took the screenshot it was back below the 50 due to a quick drop in price green stoc above 50 rsioma crossed and above 50 ds crossed and pointing upwards D1 stocs and rsioma all above...
Was this at time of draghi speech?
  • #21,096
  • Sep 24, 2018 3:43pm Sep 24, 2018 3:43pm
Also on H4 chart was green sto (& DDS) divergence in place indicating short
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-international-capital-markets.png Size: 61 KB
  • #21,097
  • Sep 24, 2018 3:55pm Sep 24, 2018 3:55pm
& on Daily chart is at level of obvious physical resistance. Best to see if that breaks before expecting larger long move.

Daily DDS topping as well.
  • #21,098
  • Sep 25, 2018 2:19am Sep 25, 2018 2:19am
Quoting Zimbinga
{quote} I would say H1 ADX might have been green but had not started a fresh expansion, still subsiding from last expansion. Also after long candle on H1 you could see stos & DDS were topping, so time to lock in some profit there before it go short.



Hi, thanks for the reply Zimbinga

I am still confused about this whole adx expansion thing.

It was my understanding that if adx 7 to 144 were all green this means adx is expanded and it's ok to trade ...but i am now getting the impression this is wrong?

I have been looking back over the thread, and perhaps adx expansion means the adx's must fan out in order?

If that is correct, then what exactly is the adx dashboard telling me
  • #21,099
  • Edited 10:59am Sep 25, 2018 2:23am | Edited 10:59am
Quoting Sparkoz
{quote} Was this at time of draghi speech?

I believe the big bullish candle came shortly after

Quoting kain775
{quote} If that is correct, then what exactly is the adx dashboard telling me

I have come to the conclusion that the adx dashboard merely shows if each adx is sloping up or down, if it slopes up ...green appears next to which adx it is.
  • #21,100
  • Sep 25, 2018 12:06pm Sep 25, 2018 12:06pm
Quoting Zimbinga
{quote} I would say H1 ADX might have been green but had not started a fresh expansion, still subsiding from last expansion. Also after long candle on H1 you could see stos & DDS were topping, so time to lock in some profit there before it go short.
Dear Zimbinga,

Could you, please, tell what you and other members imply by topping or bottoming? Is it like turn of Green Stoch and lack of trend? Thanks.
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