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Alien's Extraterrestrial Visual Systems

  • #21,181
  • Oct 19, 2018 12:38pm Oct 19, 2018 12:38pm
Quoting alberti
{quote} Thank you for feedback, Zimbinga! Indeed I should pay more attention to ADX and in all honesty, it wasn't grade A trade, but market is so mixed right now...
No problem - you could also see from H4 RSIOMA it was flat and near the 50 level, which shows ranging condition.
  • #21,182
  • Oct 19, 2018 1:02pm Oct 19, 2018 1:02pm
Also @alberti

I have just scrolled back through GBP/CHF H4 for the last 12mths. If you look at where ADX contracts and fans out neatly & organised most of those gave a tradeable move. There were a few fakes, but these could be screened because the stos were bottoming or topping.

Have a look yourself and see if you agree....

Its been said before but Alien's set ups work best when there is ADX just beginning to expand from after a contraction.

If you don't have good ADX then price moves are likely to be weaker.

Personally I think it is essential part of the system to make it work.
  • #21,183
  • Oct 20, 2018 6:22am Oct 20, 2018 6:22am
Quoting Zimbinga
{quote} No problem - you could also see from H4 RSIOMA it was flat and near the 50 level, which shows ranging condition.
Indeed, it was flat. I just thought, since Daily RSIOMA is over 80, H4's RSIOMA will follow HTF.
  • #21,184
  • Oct 20, 2018 6:48am Oct 20, 2018 6:48am
Quoting Zimbinga
Also @alberti I have just scrolled back through GBP/CHF H4 for the last 12mths. If you look at where ADX contracts and fans out neatly & organised most of those gave a tradeable move. There were a few fakes, but these could be screened because the stos were bottoming or topping. Have a look yourself and see if you agree.... Its been said before but Alien's set ups work best when there is ADX just beginning to expand from after a contraction. If you don't have good ADX then price moves are likely to be weaker. Personally I think it is essential part...
Can't agree more. It's crucial for ADX to fan out for a good move, but most of the times it is mixed and I just can't hold myself from entering when RSIOMA and Stochs showing a good setup, despite of a mixed ADX.

Just went through the charts as you suggested and below are couple of cases when everything is so organized and gives mental satisfaction; all participants of the market cooperate as a single mind to move price in one direction.

Attached Image (click to enlarge)
Click to Enlarge Name: Снимок 1.PNG Size: 35 KB

In this example price has already been ranging in BBs, it was just a matter of patience to not enter too early and too late. At the red vertical line, Stoch 21 has bounced from level 50 and went towards Stoch 100 for a Slingshot move. Here as you said, ADX fans out perfectly. The blue vertical line would be perfect point to close the trade or at least to scale out, since Stoch 21 started to show divergence...Price kept pushing down, while stoch 21 was climbing.

Attached Image

And here goes another case of a perfect ADX Expansion. Stochs are showing clues as well...Stoch 21 is making Slingshot, while Stoch 8 is making half-X-Cross...DS started to make Slingshot earlier, but for safe trade I would wait for aforementioned factors...I would've gone out at the blue line, since Stoch 21 started to make divergence already, but as Alien told before, "before reversing or retracing price likes to top out twice", so market gave bulls the second chance to get out of the market.

But again, those beautiful setups are rare to happen and I sometimes I just can't hold myself from entering market.
  • #21,185
  • Oct 20, 2018 7:20am Oct 20, 2018 7:20am
Quoting alberti
{quote} But again, those beautiful setups are rare to happen and I sometimes I just can't hold myself from entering market.
Yes the higher the TF the less frequent you get the beautiful set up (but usually the larger move).

At least make sure H1 ADX is nice before you pull the trigger, that is not rare.

Bottom line is you need the discipline to wait in trading until set up is high probability.

Learn from the crocodile: http://www.learntotradethemarket.com...-forex-trading
  • #21,186
  • Oct 20, 2018 1:32pm Oct 20, 2018 1:32pm
Quoting heispark
Joe Dinapoli said about divergence: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique just isn't there." A kind...
This is true, it would need something like the DDS to filter tops and bottoms.
The More You Learn, The More You Earn.....
  • #21,187
  • Oct 20, 2018 2:13pm Oct 20, 2018 2:13pm
Quoting Zimbinga
{quote} Yes the higher the TF the less frequent you get the beautiful set up (but usually the larger move). At least make sure H1 ADX is nice before you pull the trigger, that is not rare. Bottom line is you need the discipline to wait in trading until set up is high probability. Learn from the crocodile: http://www.learntotradethemarket.com...-forex-trading
Great article. Enjoyed reading it.

This part especially: The best trades are obvious, they almost “talk” to you and tell you to trade them, once you know what you’re looking for this will become apparent to you.

Thank you for sharing. I suggest everybody to read it.
  • #21,188
  • Oct 20, 2018 2:43pm Oct 20, 2018 2:43pm
Quoting SaneeFX
Hi Everyone, little help please, I was wondering about the ADX windows ( the red circle), this below screen i saw on the thread, as I can see, ADX lines seems changing it's "thickness" as they power up. I'm wondering about how to achieve this? what I have is Advanced ADX indicator, I can't seem to find a setting to do it. any help is really appreciated. Thanks in advance. {image}
https://www.forexfactory.com/showthr...47#post7191847
You are welcome buddy!
Work smarter,not harder
  • #21,189
  • Oct 21, 2018 11:58am Oct 21, 2018 11:58am
Quoting madboy4u3
Divergence Work great but it must be used with a filtration system, in DDS compression its a great sign of a changing market. i have a question for you alien , did you ever get a look about volume & Spread analysing ? Im a big fun of your system And i noticed that its very powerfull using with VSA , you can predict the mouvement of the price with an uncredible précisions. But the most amasing things, its that this system its showing the trade taked by market maker ( smart money ) if used volume with it , its like if this system its based on it
Post us some of your examples please, thanks
The More You Learn, The More You Earn.....
  • #21,190
  • Oct 21, 2018 12:01pm Oct 21, 2018 12:01pm
Quoting HappyMan
Right-click on a chart. There are also volume indicators. {image}
Oh yes, I have seen that before.

I am not sure how to use that properly, any examples?
The More You Learn, The More You Earn.....
  • #21,191
  • Oct 21, 2018 12:02pm Oct 21, 2018 12:02pm
Quoting jpadvisor
I just red this: http://www.learntotradethemarket.com...g-18-years-ago
Good stuff in there to remember...............
The More You Learn, The More You Earn.....
  • #21,192
  • Oct 21, 2018 12:04pm Oct 21, 2018 12:04pm
Quoting forexalien
{quote} Oh yes, I have seen that before. I am not sure how to use that properly, any examples?
The best I have seen lately is,

https://www.forexfactory.com/showthr...6#post11589126
Buy low, sell high.
  • #21,193
  • Oct 21, 2018 12:06pm Oct 21, 2018 12:06pm
Quoting MartyMcfly
{quote} Problem solved. Turns out you need the first version (V1.01) in order for the later versions to work. Thanks for the help!
Great
The More You Learn, The More You Earn.....
  • #21,194
  • Oct 21, 2018 12:07pm Oct 21, 2018 12:07pm
Quoting madboy4u3
{quote} I will try with my poor english A = its Spread ( Difference Between High and low of the candle ) when its extremly wide its signe of something happen & when its very low its mean weakness of the mouvement B = Its the Volume. When we have Blue Dark Bar or Very High bar , that mean mouvement happen in the market (SM in the game) , when he is low its mean weakness At Line N 1 - Ultra High Volume , That tell us , something happen in the market ,( Accumulation or Distribution ) - Spread Wide , Somethings Happen Really - When Spread and volume...

Sound like great stuff, I will have to try it out, thanks
The More You Learn, The More You Earn.....
  • #21,195
  • Oct 21, 2018 12:07pm Oct 21, 2018 12:07pm
Quoting RenoA
{quote} Many thanks for bringing this to our attention madboy4u3! I tried it out while scalping the DAX last night for the first time and the results were fantastic. By combining the volumes indi with masters system it gave me perfect entries to add the next position in my moves to the long side with very little retracement in price between positions. I basically just added some levels to the volumes indi and waited for the next decent green volume line to appear on the M1, then I made sure masters indis agreed with the move and opened...
Thanks for your input also RenoA......
The More You Learn, The More You Earn.....
  • #21,196
  • Oct 21, 2018 12:12pm Oct 21, 2018 12:12pm
Quoting alberti
Hey fellow Aliens, In need for your review, since my eyes can't see something what you probably will. Recently went long on GBPCHF. To me seemed promising. {image} Seemed to me that Daily stoch8 is preparing for SS, while H4 was starting its X-cross. It seemed pretty legit. Nevertheless... {image} Here am I now. I'm journalizing my trades to get better, but now can't come up with any legit reason, why price dropped. Could you, please, help me on that? Thanks.
Don't over trade. wait for the perfect setups, I know it is hard to do............someday you will be great at it...........
The More You Learn, The More You Earn.....
  • #21,197
  • Oct 21, 2018 12:15pm Oct 21, 2018 12:15pm
Quoting alberti
{quote} Can't agree more. It's crucial for ADX to fan out for a good move, but most of the times it is mixed and I just can't hold myself from entering when RSIOMA and Stochs showing a good setup, despite of a mixed ADX. Just went through the charts as you suggested and below are couple of cases when everything is so organized and gives mental satisfaction; all participants of the market cooperate as a single mind to move price in one direction. {image} In this example price has already been ranging in BBs, it was just a matter of patience to not...
Correct, NO ADX fan = no power = no movement in PA = why trade a dead horse.
The More You Learn, The More You Earn.....
  • #21,198
  • Oct 21, 2018 1:02pm Oct 21, 2018 1:02pm
Quoting forexalien
{quote} Correct, NO ADX fan = no power = no movement in PA = why trade a dead horse.
Hi,

Can someone kindly explain what are key ADX values?

Happy trades to all!
Buy low, sell high.
  • #21,199
  • Oct 22, 2018 4:22am Oct 22, 2018 4:22am
Just an overview:
"The EUR/USD pair created a bullish outside-day at the key support of 1.1432 on Friday, signaling the pullback from the Oct. 16 high of 1.1622 has likely ended. However, a double bottom bullish reversal would be confirmed only after the pair has found acceptance above 1.1622. The pair bounced from 1.1432, the second time the pair recovers from the level this October, as investors are not ready to go long full-mode in the greenback again. European equities were under pressure as tensions between the EU and Italy dominated the headlines, following comments from Italian PM Conte, who said that he sees no need to change his governments' 2019 budget. However, solid earnings among US companies partially offset the negative tone ahead of London's close. The US released Existing Home Sales for September, which fell by more-than-expected, down 3.4% from a month earlier.
The GBP/USD is trading near 1.3075 heading into London's Monday market session as investors await further details on Brexit talks between the EU and the UK, and rising concerns of a no-deal Brexit could see the Sterling take a thorough lashing in the weeks to come. Sterling pressure by lack of progress in Brexit negotiations, not all hope lost. The failed Brexit summit has put back on tap the risk of a no-deal Brexit, with the Irish border still at the eye of the storm. Over the weekend, UK's Brexit Secretary Raab spoke about the possibility of extending the transition period past December 2020, as an alternative to a backstop, angering Brexiters."
Per aspera ad astra
  • #21,200
  • Oct 22, 2018 11:15am Oct 22, 2018 11:15am
Quoting HappyMan
{quote} Hi, Can someone kindly explain what are key ADX values? Happy trades to all!
Here are a couple websites that took the time to write about it.

https://stockcharts.com/school/doku....onal_index_adx

https://www.tradingsetupsreview.com/...adx-indicator/
The More You Learn, The More You Earn.....
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