Alien's Extraterrestrial Visual Systems

Quoting Gonzaga

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{quote} please show on that one the d1 h4 and h1... you doing h1 ?

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Quoting BlueBranch

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{quote} Sure! Yeah I did: Multiple stoch-8's "zig-zag-ing" in or towards 20 zone. Got this from the FXlocater alien checklists in this thread. I see this as a wave in a wave. So the stoch-8 zig-zag pattern or what JPadvisor calls snake-pattern (correct me if I'm wrong JP), together with stoch-21/45-degree rule I see as a big thing. This was happening on GBPMXN W1 chart that I posted. To wrap things up, I see the zig-zag stochastic 8 pattern within the stochastic 21 with 45*-rule as a sort of a mini wave in a bigger wave. As in stoch 8 the mini wave...

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Quoting BlueBranch

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{quote} Sure! Yeah I did: Multiple stoch-8's "zig-zag-ing" in or towards 20 zone. Got this from the FXlocater alien checklists in this thread. I see this as a wave in a wave. So the stoch-8 zig-zag pattern or what JPadvisor calls snake-pattern (correct me if I'm wrong JP), together with stoch-21/45-degree rule I see as a big thing. This was happening on GBPMXN W1 chart that I posted. To wrap things up, I see the zig-zag stochastic 8 pattern within the stochastic 21 with 45*-rule as a sort of a mini wave in a bigger wave. As in stoch 8 the mini wave...

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Quoting Gonzaga

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{quote} the price its still a lot of zoomed out... but ok ... then... theres two types of situation to be in the market trading positions... one we are going with the wave and we tryed to catch a retest to enter... two we are predicting a swing a reversion of the trend... which situation are you in ?

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Quoting BlueBranch

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{quote} I guess its a swing, hard to say. I don't view things like that, can you elaborate?

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Quoting Gonzaga

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{quote} for example im trying to do a swing trade on gold m15 right now... the trend is down ... im scanning for short term reversal before it goes down again.. so yesterday i spoted the break down... then did the wave down a bit till the firts tp then started predicting the swing to early i guess and the afternoon been trading positions for the swing...

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Quoting Gonzaga

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{quote} for example im trying to do a swing trade on gold m15 right now... the trend is down ... im scanning for short term reversal before it goes down again.. so yesterday i spoted the break down... then did the wave down a bit till the firts tp then started predicting the swing to early i guess and the afternoon been trading positions for the swing...

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Quoting BlueBranch

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{quote} the trend is down The bigger wave. im scanning for short term reversal before it goes down again.. And when it goes down again in my case the zig-zag pattern is completed AKA the smaller wave, the short term reversal would be the zig-zag stoch 8 pattern.

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Quoting BlueBranch

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{quote} the trend is down The bigger wave. im scanning for short term reversal before it goes down again.. And when it goes down again in my case the zig-zag pattern is completed AKA the smaller wave, the short term reversal would be the zig-zag stoch 8 pattern.

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Quoting BlueBranch

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{quote} The third thing that was also happening on GBPMXN W1 chart, was that at the moment of the 21 crossing the 50 line, all stochastic were on the same side of the window: {image} (This is about my previous position).

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Quoting Gonzaga

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{quote} on d1 theres a bearish divergence... but that could take a while yet because price right now on d1 is oversold... you can see it on the fast so and if you look at price and where is at you understand better... the h4 is doing the is pushes down to completly gettting oversold... and the h1 is looking for the bottom to complete the process.. after that it will be a price re test support on d1.... then the price will finally go down....

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Quoting Gonzaga

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{quote} here i think you not well positioned ... m15 already bottomed or its doing it... so it could go lower for filling orders hunt stop loss etc... but its finding its support to test and go north....

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Quoting BlueBranch

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{quote} About HK50?

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Quoting Gonzaga

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{quote} yes... like you said h1 is looking for the bottom... so if you wanted to short h1 you would look for a top on h1 first to position along d1.. that already happened... you are doing m15... and pinpoint the bottom on h1....

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Quoting BlueBranch

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{quote} Ah I see, so how would you proceed?

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Quoting Gonzaga

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{quote} now that you are a bear you need to find an exit... look for major previouws s/r below your price... wait for a clear bottom on m15 on the area you indentified as major support near your price.. wait to see a good candle with that area with volume.... then it will happen hunt for stop loss so the price will go a bit lower doing wicks that wick that last few orders where the market puts the long orders is your max tp.... of course you wont go that far... but you are aware of what pattern the price does... and if you get to buy the wick.......

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Quoting BlueBranch

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{quote} {image}

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Quoting Gonzaga

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{quote} ploting emas helps you a lot identifying these areas.. it seems it could go a little lower because your pinpointing even lower tmf and it wil be some re tests to that support...

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Quoting Gonzaga

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{quote} just like here on gold m15 its a perfect example for you... only im bull trying expecting the price to go up and almost bailing out... and you bear looking for a tp... take this as example with will ease your mind so that you can pinpoint a good tp... {image}

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Quoting Gonzaga

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{quote} BTCEUR H1 Update still ranging in that consolidation area... {image}

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