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  • #21,981
  • May 11, 2020 10:52am May 11, 2020 10:52am
Quoting ShadowMourne
{quote} hi jp ! first of all thanks for all your posts and thought you have shared till now ... i read whole pages like every post from begin to the end and i understand every concept & aspect of this system ! but issue with my trading is i cant find pair for trade... i don't know how to find best pairs to trade ....! Can you please explain how you do that with system v1?
Hi,
my suggestion to you is: follow every day economic events and the calendar, then you can use a CSM to see where major currencies are going.
In the attachments you can find the CSM kindly shared by my dear friend Nihilist (posted on november 7 2014).
Per aspera ad astra
  • #21,982
  • May 11, 2020 12:39pm May 11, 2020 12:39pm
[quote = jpadvisor; 12931454] {quote} Hola, amigo extranjero, debes establecer el período de configuración avanzada de ADX en 7. [/ quote]

Thnaks!
  • #21,984
  • May 12, 2020 12:49pm May 12, 2020 12:49pm
Quoting jpadvisor
{quote} Hi, my suggestion to you is: follow every day economic events and the calendar, then you can use a CSM to see where major currencies are going. In the attachments you can find the CSM kindly shared by my dear friend Nihilist (posted on november 7 2014).
Thanks for your suggestion
but issue with indicator is when i download it doesn't show up and just a black window comes up!
and how you use it ?! choose pairs which going down and up so you trade them!?
  • #21,985
  • May 13, 2020 9:00am May 13, 2020 9:00am
Hi All,

Been a while since I have been here.

Thought I would just share something I managed to get in on while working from home for the day.

I got in on a small but very clear move on USDJPY.

Reason I got in.
H4 short term indi's said short, no need to fear going short.
H1 Similarly tending to fine for a short scalp.
M15 MTF_DDS (Green and Red Lines in window 2) showed DS to the downside.
100stoch said downside too.
RSIOMA (Blue and Magenta lines in Window 2) showed trending to the downside.

M5 is for entries.
Small DS and 8stoch turnaround trades.

Not many pips but Aliens ways have made it easy for us to pick direction with confidence.

https://www.forexfactory.com/attachm...3&d=1589376547
"Pain + Reflection = Progress"-Ray Dalio
  • #21,986
  • May 14, 2020 11:31am May 14, 2020 11:31am
Nice setups to long the Brent.
Attached Image (click to enlarge)
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Per aspera ad astra
  • #21,987
  • May 15, 2020 10:25am May 15, 2020 10:25am
Here are a few updates from my journal from today's possible "scalps"
I'd like anyone here to offer thoughts on these moves.

I dont tend to take long term moves.
I like intraday.
I did not take all these.
I don't like too many trades at once, particularly on same currency or overlapping pairs.

Daily and H4 just showing mild inclination of direct for scalps.
Im basically following the direction of the 8 stochastics of those TFs but the more confirmation in direction on those TFs the better.

H1: Im just looking for what I know.
That would be: X Cross,DDS rubberband etc.
Having said that,
As long as H1 shows definite direction and doesnt show any Mixed signals then I look for Entry on M15.
I have tick volume for backing my entries up (this I am still learning)

EG
Attached Image (click to enlarge)
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GJ
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Cable
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Kiwi
Attached Image (click to enlarge)
Click to Enlarge Name: NU15May.png Size: 287 KB


What do you guys think?

Over the weekend I am hoping to see similar set ups which failed for scalps
"Pain + Reflection = Progress"-Ray Dalio
  • #21,988
  • May 15, 2020 3:00pm May 15, 2020 3:00pm
Quoting Antares23
Here are a few updates from my journal from today's possible "scalps" I'd like anyone here to offer thoughts on these moves. I dont tend to take long term moves. I like intraday. I did not take all these. I don't like too many trades at once, particularly on same currency or overlapping pairs. Daily and H4 just showing mild inclination of direct for scalps. Im basically following the direction of the 8 stochastics of those TFs but the more confirmation in direction on those TFs the better. H1: Im just looking for what I know. That would be: X Cross,DDS...
I am giving views just according to stoch, i dont even bother to see others.

On EG
D1 is clear long untill 8 is above 50 and above 80 level
H4 you already got rubber band trade with 21 above 80 and 8 coming back to same direction
H1 was the place to start the try to build long position when 8 crossed 21 and stay long till 8 is above 50
M15 when 21 got above 50 level (was the place to start the try to build long position, same place as shown on H1) here you got 2 more scale in place when 8 got above 50

On GJ
D1 21 is below 50 and 8 again got in same direction being below 50 is clear short
H4 same rubber band trade as it was on EG
H1 when 8 crossed 21 for short was the first sign and when 8 cross below 50 was place to start build position for short
M15 when 21 got below 50 level (was the place to start the build for shorts position, same place as shown on H1) here you got 2 more scale in place when 8 got below 50

On Cable
D1 is clear short as 21 and 8 are below 50
H4 have a very nice rubber band for short
H1 As 8 made cross with 21 was and got below 50 is first sign to build position
M15 was clear short as 21 was below 50 but 8 was bit choppy so here short position building for 3 times would had got closed in breakeven when 21 crossed above 50 but the place where you had marked was again a short trade resume for a fresh short entry

On kiwi
D1 is clear short as 8 is below 50 and 21 is also about to come below 50 if 8 sustain below 50 for two more days
H4 rubber band trade for short
H1 as 8 crossed 21 and below 50 its a sign to start building short position
M15 as 21 crossed below 50 was first sign to build position, here 2 scaled in position for short could have be closed in breakeven when 21 crossed above 50 but the place where you had marked was again a short trade resume for a fresh short entry

it would be very nice if you had took those trades
what i personally feel is there was no requirement of H4 and D1 chart when you were using 3 stochs and clear that you want to entry on m15 as rubber band was visible on H1 with stoch 100 and 21 which is same as 21 and 8 on 1 higher TF, i hope you also keep an eye on news and plan your trades accordingly... over all you are doing good
In the court of lord, only love and devotion is counted...
  • #21,989
  • May 16, 2020 4:33am May 16, 2020 4:33am
Thanks. I am taking notes from this and practicing more.
I have been away for some time and have become quite rusty (And I didn't operate very smoothly to begin with)

Quoting nadiyakinare
{quote}
"what i personally feel is there was no requirement of H4 and D1 chart when you were using 3 stochs and clear that you want to entry on m15 as rubber band was visible on H1 with stoch 100 and 21 which is same as 21 and 8 on 1 higher TF,"
You are definitely correct about this. The three stochs paint a good picture of the pairs movements and they do relate to each other extremely well across time frames.

Why do I use them?
I use higher TFs mostly for the fact that they change very slowly.
That means I can isolate just a few pairs and look for entries (I don't like looking at too many pairs through the day)

I also use them to 'trick my brain'
Or maybe to stop my brain from tricking me..
I can look at the M15 all day long and make all sorts of things up with how I see the Indies.
So by looking at something that hardly changes through the day I have so much more confidence in choosing direction.

It might not be entirely efficient to observe higher TF moves just to grab a quick 20 pips and be done for the day, but its working for now and I intend to slowly build on it over the next many years.
I will learn to listen to Aliens systems to build positions and maximize movements.

One step at a time.


Thanks for your input
"Pain + Reflection = Progress"-Ray Dalio
  • #21,990
  • May 16, 2020 5:47am May 16, 2020 5:47am
Hello everybody! I share EURAUD 15M. Good weekend!
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  • #21,991
  • May 17, 2020 9:42am May 17, 2020 9:42am
Quoting KIngShark
Hello everybody! I share EURAUD 15M. Good weekend! {image}
Don't forget to be aware of higher TF
Just my 2 cents

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  • #21,992
  • May 17, 2020 12:17pm May 17, 2020 12:17pm
Hello everybody! I share AUDCHF 15M
.Good Luck
Attached Image (click to enlarge)
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  • #21,993
  • May 17, 2020 1:40pm May 17, 2020 1:40pm
Some one can give me Indicator of Alien Systerm. (v1 or v2 is ok)
I'm from VietNam and thank you so much! ^^
  • #21,994
  • May 21, 2020 12:38am May 21, 2020 12:38am
Hello, fellow members.

Recently had a losing trade on NJ for which I couldn't find a reasonable explanation except ones from the lower TFs. I wanted to share it with you and would be thankful for your feedback.

I usually trade having H4, D, W TFs open like in the picture below. I opened this trade thinking W S8 would SS and move price at least to the levels of previous swing, while D was promising to make x-cross.
Attached Image (click to enlarge)
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Later, D x-cross indeed worked and I was expecting it to move further. However at the start of the week price suddenly reversed and started going upwards. One can say that D made an x-cross, while H4 had div with S21, but in my experience it rarely happens when W is sloped in a manner shown on the first picture. I believe there was some fundamental event which triggered such a sudden change, but couldn't find this reason by myself. Do you know of what triggered this move?
Attached Image (click to enlarge)
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P.S. Price bounced from the support, but conditions on system were reasonable for it to be broken.
Attached Image (click to enlarge)
Click to Enlarge Name: 123.png Size: 186 KB

Lower TFs like H1 and M15 showed divergence and ADX 89 and 144 cross, which was a warning.
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  • #21,995
  • May 22, 2020 6:18am May 22, 2020 6:18am
Quoting alberti
Hello, fellow members. Recently had a losing trade on NJ for which I couldn't find a reasonable explanation except ones from the lower TFs. I wanted to share it with you and would be thankful for your feedback. I usually trade having H4, D, W TFs open like in the picture below. I opened this trade thinking W S8 would SS and move price at least to the levels of previous swing, while D was promising to make x-cross. {image} Later, D x-cross indeed worked and I was expecting it to move further. However at the start of the week price suddenly reversed...
Uhm, just my opinion:
price was ranging.
Look at your Daily charts. BBSqueeze and the 8 stoch. that don't get to top or to the bottom. This is the sign of ranging and that price was waiting for a direction.
This is my two cents.
Per aspera ad astra
  • #21,996
  • May 22, 2020 9:30am May 22, 2020 9:30am
Quoting jpadvisor
{quote} Uhm, just my opinion: price was ranging. Look at your Daily charts. BBSqueeze and the 8 stoch. that don't get to top or to the bottom. This is the sign of ranging and that price was waiting for a direction. This is my two cents.
Hello, Jpadvisor.

Your two cents are much appreciated. Indeed, I should've waited for confirmation with D breakout.

I also found the reason for such a sudden change in direction. H4 was building up bearish momentum, but news of a vaccine entirely changed the sentiment. Current market is quite irrational, news have tremendous effect and one should always insure himself with SL.

P.S. It is great to see that you are keeping thread alive. Quite sad that old-school students and Alien himself are not showing up anymore.
  • #21,997
  • May 22, 2020 9:58am May 22, 2020 9:58am
Quoting alberti
Hello, fellow members. Recently had a losing trade on NJ for which I couldn't find a reasonable explanation except ones from the lower TFs. I wanted to share it with you and would be thankful for your feedback. I usually trade having H4, D, W TFs open like in the picture below. I opened this trade thinking W S8 would SS and move price at least to the levels of previous swing, while D was promising to make x-cross. {image} Later, D x-cross indeed worked and I was expecting it to move further. However at the start of the week price suddenly reversed...
Hi alberti, first, thank you to have posted charts with your explanation.

So, perhaps you'll not like my answer but here it is

1) IMO, you cannot trade like that, you MUST look lower timeframes, if i tell you that, it's because i've tried in the past to trade without lower tf and it doesn't work,
because of a simple thing ForexAlien explained : small TF lead bigger TF and not the opposite !! Don't try to predict the moves, you're not a fortune teller !

2) I don't trade without doda set up, we don't have one here, but let's consider the little one on M15 as valid to exploit your example.

Attached Image (click to enlarge)
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3) if you used H4 or lower to enter the trade, you've a problem with your exit strategy because from h4 to m1 the trade was really profitable !
the only way to lose this trade was to put SL according to daily or higher, but there is 0 reason to enter on these TF

4) I see you've entered around 64,50 , it was really too late ! the entry was 50 pips above, so you've also a problem to determine your entry

5) so, i tell you what would have been my trades if i really wanted to enter there.

you can see that m1 candle is really huge, surely an economic news at same time, the problem with these trades is that it's risky and the RR is bad since your SL is far :/ (don't look euraud dashboard, i've just loaded the euraud template that's why)

the entry would have been the 13may 2h01 ( 12may 22h01 on m1 graph since i've put 1h to understand and import m1 data missing in my charts, just for you !! ahah =D
EDIT : you can't see hours of my charts ahaha, my bad)

Attached Image (click to enlarge)
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so you can see it was a profit of at least 25-50pips according to your SL and the TF you used.

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if you have a question don't hesitate
  • #21,998
  • May 24, 2020 3:32am May 24, 2020 3:32am
It seems that EG can give a nice entry for this week.
Attached Image (click to enlarge)
Click to Enlarge Name: EG.png Size: 168 KB
  • #21,999
  • May 25, 2020 3:41am May 25, 2020 3:41am
Quoting Sparkoz
{quote} 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.
Thanks for the advise. After struggling more than 2 years in trading, now can understand what are you guys talking about. I use mr alien method for scalping and it works.

Again mr alien, thank you so much. May god bless you up there
  • #22,000
  • May 25, 2020 4:25am May 25, 2020 4:25am
Quoting thomasz1
{quote} Hi alberti, first, thank you to have posted charts with your explanation. So, perhaps you'll not like my answer but here it is 1) IMO, you cannot trade like that, you MUST look lower timeframes, if i tell you that, it's because i've tried in the past to trade without lower tf and it doesn't work, because of a simple thing ForexAlien explained : small TF lead bigger TF and not the opposite !! Don't try to predict the moves, you're not a fortune teller ! 2) I don't trade without doda set up, we don't have one here, but let's consider...
Thank you for your advice, Thomasz1. I didn't entirely understand it, but I can see that you use the lowest TFs. I normally hold my positions for at least 3-4 days and would probably avoid looking at TFs as low as M1. I believe lower TFs have lots of noice and one would find it troublesome to sort through all that.
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