EURGBP h4 doda trade {image} not my best entry and could have re-entered but at least i'm in{image}
Alien's Extraterrestrial Visual Systems
- #21,922
- Mar 26, 2020 6:04am Mar 26, 2020 6:04am
sorry i pref not, that's just the basic indi' of first pages with basic parameters you know, you can change colors and background,etc. too.
If you want an indicator in particular just tell me and i'll give you without problem
(btw, my real template has a lot more indicators, so would be meaningless to cut all to finally share you the basic template you got after 3 pages on this thread, don't take it personnaly)
If you want an indicator in particular just tell me and i'll give you without problem
(btw, my real template has a lot more indicators, so would be meaningless to cut all to finally share you the basic template you got after 3 pages on this thread, don't take it personnaly
)
sorry i pref not, that's just the basic indi' of first pages with basic parameters you know, you can change colors and background,etc. Too. If you want an indicator in particular just tell me and i'll give you without problem
Swimming with sharks!
- #21,925
- Mar 28, 2020 3:10pm Mar 28, 2020 3:10pm
EURGBP h4 doda trade {image} not my best entry and could have re-entered but at least i'm in
- #21,926
- Mar 30, 2020 1:02pm Mar 30, 2020 1:02pm
Exemple and explanations of the importance to not enter too late :
EURCHF
----------
you see on D1 and h1 some doda set up being created (quite ugly but tradable i'd say, if you're not sure of you, stay away)
So we look M15, several behaviours possible :
1) i imagine some of you will trade at the first green line at 11h15 in the ranging market, i'll not discuss on this since i'm more conservative and it doesn't respect all my rules but at least you respect adx,stoch,etc
2) second green line of 12h00 interests me, we break the 1.05708 support , so that's when we have to enter.
i go then on M5 to pinpoint my entry
where i see a clean doda bell and all indicators looking good. At 12h10 That's the good entry for my trading way.
But we can look M1 to add some weight at our trade.
First green line is for those who want to trade before the break of support. They are at begin of movement, it's the good entry for M1 trading.
Second is if we wait the break, but i think it's too late to enter with M1. Since we have 4-5 candles of resting between the 2 green lines, the price didn't move a lot so it's quite acceptable to enter but really not interesting since we have a perfect entry on M5.
At least M1 is not against us, that's the point we wanted to prove.
3) Now, the reason of this post, some of you could be tempted to enter after the break of 1.0563 low at red line on the m15 chart , that's a mistake i've done a lot in the past. Of course, it seems obvious when you see the end of movement that red line was not good entry, but in live, it's not so obvious especially if your eyes are on bigger timeframes, like H1 or H4 and some of you could find easily some moves where trades like that are profitable.
So, how avoid that ?
First thing, 1.0563 IS NOT a true support, it's just a previous low, if the low is not tested several times, it's not a true support, if you begin to avoid trading at each peaks, you'll never trade or always too late.
Secondly, the bear move begon there is a long time now.
Thirdly, since our genuine entry (second green line on m15) , we have yet 2 more candles, and it makes a long time now that ADX power has begon. If 1.05708 and 1.05630 have been broken on same candle we may discuss ( like after an economic news,etc.), but that's not the case.
Fourthly, and perhaps the most important, we see on M5 and M1 (at red lines) that we don't have nice set ups to enter around 12h55 !
Well, i don't say i hold the truth but that's the way i see the market and i hope it could help some of you
EURCHF
----------
you see on D1 and h1 some doda set up being created (quite ugly but tradable i'd say, if you're not sure of you, stay away)
So we look M15, several behaviours possible :
1) i imagine some of you will trade at the first green line at 11h15 in the ranging market, i'll not discuss on this since i'm more conservative and it doesn't respect all my rules but at least you respect adx,stoch,etc
2) second green line of 12h00 interests me, we break the 1.05708 support , so that's when we have to enter.
i go then on M5 to pinpoint my entry
where i see a clean doda bell and all indicators looking good. At 12h10 That's the good entry for my trading way.
But we can look M1 to add some weight at our trade.
First green line is for those who want to trade before the break of support. They are at begin of movement, it's the good entry for M1 trading.
Second is if we wait the break, but i think it's too late to enter with M1. Since we have 4-5 candles of resting between the 2 green lines, the price didn't move a lot so it's quite acceptable to enter but really not interesting since we have a perfect entry on M5.
At least M1 is not against us, that's the point we wanted to prove.
3) Now, the reason of this post, some of you could be tempted to enter after the break of 1.0563 low at red line on the m15 chart , that's a mistake i've done a lot in the past. Of course, it seems obvious when you see the end of movement that red line was not good entry, but in live, it's not so obvious especially if your eyes are on bigger timeframes, like H1 or H4 and some of you could find easily some moves where trades like that are profitable.
So, how avoid that ?
First thing, 1.0563 IS NOT a true support, it's just a previous low, if the low is not tested several times, it's not a true support, if you begin to avoid trading at each peaks, you'll never trade or always too late.
Secondly, the bear move begon there is a long time now.
Thirdly, since our genuine entry (second green line on m15) , we have yet 2 more candles, and it makes a long time now that ADX power has begon. If 1.05708 and 1.05630 have been broken on same candle we may discuss ( like after an economic news,etc.), but that's not the case.
Fourthly, and perhaps the most important, we see on M5 and M1 (at red lines) that we don't have nice set ups to enter around 12h55 !
Well, i don't say i hold the truth but that's the way i see the market and i hope it could help some of you
- #21,933
- Apr 2, 2020 6:18pm Apr 2, 2020 6:18pm
1 gift for you guys,
you've asked me a lot by private message some indicators,etc.
and Nihilist told me he was ok to share with you his dashboard, so there it is !
Second thing, i've spent a looot of time to find a good lot size calculator,etc.
So for all the new members (and others tired to search) i can give you 2 good informations :
you can find a totally free position size calculator script on "Earnforex" ! Working on cfd too !
If you have some money to spend you can look at mt4 trade manager on "forexarmy" , the EA is really great, the author answers quickly and he's told me that he'll perhaps implement a pending partial close/ take profit when the price goes against us (what i was looking for).
That's just an example to say that he looks involved to develop it.
Hope it will help you boyz, and hope you'll be more to comment on the thread, i feel a little bit alone here
you've asked me a lot by private message some indicators,etc.
and Nihilist told me he was ok to share with you his dashboard, so there it is !
Second thing, i've spent a looot of time to find a good lot size calculator,etc.
So for all the new members (and others tired to search) i can give you 2 good informations :
you can find a totally free position size calculator script on "Earnforex" ! Working on cfd too !
If you have some money to spend you can look at mt4 trade manager on "forexarmy" , the EA is really great, the author answers quickly and he's told me that he'll perhaps implement a pending partial close/ take profit when the price goes against us (what i was looking for).
That's just an example to say that he looks involved to develop it.
Hope it will help you boyz, and hope you'll be more to comment on the thread, i feel a little bit alone here
- #21,935
- Apr 3, 2020 4:56am Apr 3, 2020 4:56am
{quote} Hi thomasz thanks for your response, In advance I apologize for future misunderstandings, please bear with me. The pictures that i have posted are mine nobody else’s, just setups that I found with the Alien strategy. If I understand you correctly, you recommend as Alien does the third setup and dispose of the multiple RSI’s because it will confuse me. Thanks for the advice.
i've never tried the newer systems of ForexAlien so i've just looked his last posts and i've read that about his "RSI regression" and mtf dds,
" Yes they were privately developed custom made for Alien in another universe. You can PM me.................
The original Delayed Stochastic in this thread is here for you. You will just have to flip though the Time frames or place 3 screens side by side as many of you do.
The RSIoma we use here is the same as the newer Obos RSI, it is just a different format for Aliens eyes............."
so at first view he changed nothing, just some tests with mtf indi, but if it was important he would have said it
And if you want my point of view, first system is really good, can be profitable alone, personnaly i've added some indicators but it's a long journey, you will probably more destroy the system than something else at beginning but perhaps you'll finish to have your perfect setup,
it's up to you to try
BUT as i've said, when you post, post system of Forexalien or create a new thread if you want to present your strategy.
- #21,936
- Apr 6, 2020 1:35pm Apr 6, 2020 1:35pm
Nice gold move today, i just woke up 30minutes too late to take it :'(
Hope some of you took it !
H1 doda, m15 really nice entry, would be still in the trade :/
(m5 entry too but would have been stopped quickly, but surely not all of you i guess)
Hope some of you took it !
H1 doda, m15 really nice entry, would be still in the trade :/
(m5 entry too but would have been stopped quickly, but surely not all of you i guess
) 
