Alien's Extraterrestrial Visual Systems

Quoting forexalien

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{quote} Don't over trade. wait for the perfect setups, I know it is hard to do............someday you will be great at it...........

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Quoting forexalien

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{quote} 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/

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Quoting HappyMan

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{quote} Thank you, Mr. Alien. Basically, they emphasize only one level - 20 ADX. Is that the only value that people here use?

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Quoting forexalien

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{quote} The adx fan requires 5 different speeds, you can play with their speeds a bit. 7 to 144 or 7,14,21,28,35 works for day trading It is the compression of all those speeds that makes for a great attempt for a larger move.

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Quoting Zimbinga

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Having a look into this Volume idea - if it does swing long I wonder if we will see a spike in volume indi first? As I understand it, with Forex it is only tick volume which can be measured by this. {image}

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Quoting RenoA

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{quote} Hi Sensei Zimbinga and fellow Aliens, After briefly testing the volume indi I have found that it can sometimes notify you ahead of time that a move is coming, but not exactly when without the rest of Masters indi's confirming the eventual price movement. But so far I really like playing around with it. I find it keeps me out of the market more. Show me the smart money! Took this trade last night after getting some good volume signals an hour and a half after the open. Scalping the DAX as...

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Quoting Zimbinga

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EU H4 Divergence showing up But no ADX long yet. Having a look into this Volume idea - if it does swing long I wonder if we will see a spike in volume indi first? As I understand it, with Forex it is only tick volume which can be measured by this. {image}

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Quoting Zimbinga

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{quote} This was an example of divergence failing and ADX showing the way for the move short today, Volume did rise a little before the move kicked off, but if you waited for the big spike you would have missed a lot of the move, unless you were looking at M5 or M15 for your volume spike.

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Quoting alberti

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{quote} It may rise now though. Divs on D and H4, while W could make an X-cross. {image} Seems USD is overpriced on the majority of pairs. Be careful buying it.

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Quoting Zimbinga

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{quote} Yes from my limited investigations that's very much how I see it too. I have not learned VSA properly but it seems that high volume in itself does not necessarily mean a move in price - it might mean support is being maintained against selling pressure or resistance is being maintained against buying pressure. But it does seem that when an Alien set up is there, perhaps we should make sure volume is not declining or weak - so it might be a useful filter in that sense, but need more time to work out whether it really makes much difference...

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Quoting madboy4u3

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Every time you see Very high Volume & Very High Spread , somethings happend Always SM Give Signal Before the move If they want to SELL , they will support price to move UP with no volume IF they want to buy , they will push price down with no volume SM they work with the opposite of the way of people thinking They Sell from UPBAr & Buy From Down Bar - Always do that and you will see the difference i will post an other Comment when i have time Hope it will Help ! best

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