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  • #281
  • Dec 26, 2013 7:42am Dec 26, 2013 7:42am
Wowwww Alien, I made about 150 pips on 2 pairs today ....... and we have just scratched the surface of your method.
the market is not random but anything can happen.
  • #282
  • Dec 26, 2013 7:42am Dec 26, 2013 7:42am
Quoting kore2
Alien, I back and forward tested lots of currency pairs especially on 15min timeframe. And I have found very good entries, but now my concern is the exits... If I get it right your main exit signal is the ADX. On 15min timeframe it`s really choppy. My experimenting shows me that if 2 of ADXs are crossing each other downwards (no matter which ones) the trade is usually over, no matter if 144 and 89 is still going up. Do you use stoplosses at all or are you watching all your open trades?
Hello kore2,

Exits would be:

1. the ADX 42, 89 or 144 turn down, you can use them stand alone or cross check with the RSIOMA crossing up or down.
2. the RSIOMA crossing up or down.
3. Look to see if the 21,10,10 green stochastic has turned the other direction.
4. bollinger band squeeze sometimes, but this might get you out too early in some cases.
5. all 3 stochastics turning down or up after being above 805 or below 20%, but this might get you out too early in some cases.
6. looking at multiple time frames will tell us things in advance, but this is advance exit also.........

I have more advance exits using the multiple stochastics , but we are not ready for that.

we are working on training your eyes for the basics and then the advance stuff will be seen later..................

as you use these systems you will gain confidence in the trade you entered and the most important is most traders can not stay the trade and get out with little profit...............
The More You Learn, The More You Earn.....
  • #283
  • Dec 26, 2013 7:50am Dec 26, 2013 7:50am
Quoting kore2
Alien, I back and forward tested lots of currency pairs especially on 15min timeframe. And I have found very good entries, but now my concern is the exits... If I get it right your main exit signal is the ADX. On 15min timeframe it`s really choppy. My experimenting shows me that if 2 of ADXs are crossing each other downwards (no matter which ones) the trade is usually over, no matter if 144 and 89 is still going up. Do you use stoplosses at all or are you watching all your open trades?
As far as stop losses , beginners should use them, I don't, after 30 pips of profit I place a break even, then after 50 pips I start to SL profit at 50% of the pips in profit. This would be on H1 and H4 charts.
The More You Learn, The More You Earn.....
  • #284
  • Dec 26, 2013 7:52am Dec 26, 2013 7:52am
Quoting forexalien
{quote} called this 9 hours ago, up 50 pips..................
GU now up 60 pips.........
The More You Learn, The More You Earn.....
  • #285
  • Dec 26, 2013 7:56am Dec 26, 2013 7:56am
ForexAlien, do you enter at candle close or do you wait for the price to break the signal candle ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #286
  • Dec 26, 2013 7:56am Dec 26, 2013 7:56am
Quoting FXKabab
The more I delve into this system, the more I like it... My only complaint would be how much all the indicators slow down my chart loading time... anyone have a solution for this? I don't have any of the price indicators loaded (ie. bollinger bands, trend channel, highest/lowest), or HA bars... I do have the following: Window 1: 3 Stochastics (MT4 stock - not the colored version, which I would assume would take up more resources) Window 2: 5 ADX, ADX Kerry, BB Squeeze Window 3: RSIoma, + Delayed Stochastics Anyone else experiencing more lag time...
single monitor ? how many screens open ? how old is your computer ?
The More You Learn, The More You Earn.....
  • #287
  • Dec 26, 2013 7:58am Dec 26, 2013 7:58am
Quoting FXKabab
{quote} Thanks, that's what I figured, but I noticed some discrepancies between some of the charts Alien has posted compared to how they look on my screen... Most notably the GU daily chart... Alien posted this with the delayed stochastic below 20 setting up a BUY, but on my chart it hasn't even crossed below the 40 level yet :s
which TF on GU , I may have not stretched the screen open large enough, can you post the difference? I need to correct this so we are all on the same page.

Thanks
The More You Learn, The More You Earn.....
  • #288
  • Dec 26, 2013 8:01am Dec 26, 2013 8:01am
Quoting forexalien
{quote} which TF on GU , I may have not stretched the screen open large enough, can you post the difference? I need to correct this so we are all on the same page. Thanks
Keep in mind that we won't have all the same charts especially H4 and Daily ... according to our platform server time.
MT4/MT5 EAs/Indicators/Alerts coder
  • #289
  • Dec 26, 2013 8:07am Dec 26, 2013 8:07am
Quoting msiamd
Hi, Alien, again thank you for the way you explain your system/method. I know it is Holiday season, but i went long this moring on GJ. Looking at higher TF's, it gave me the impression that it was possible GJ had some power to go up. My entry was based on the M15 chart. I went long at red vertical line. At that time the BB was flat, delayed stoch was almost at bottom (based on that my entry was maybe a bit too early) but RSIOMA was above 80. Trade turned out ok and took 30 pips profit. I hope i did not overlooked something. {image}
that's it in a nut shell, you did get in early, but if you are willing to sit on the draw down before the turn back long , that's up to you, More safer entry would be the adx when it turned up, BUT , with the RSIOMA flat and high in the 80% area, you could not go wrong with this trade, it where people try this and the RSIOMA is falling out of the 80% area have slight more risk with the trade.

Thank You for posting your trade...........!

One more note : the green stochastic was turning long again and this was a sign of your trade going good for you, before the bollinger band breakout even happened.

That green stochastic can save your butt by looking at it all the time along with the RSIOMA
The More You Learn, The More You Earn.....
  • #290
  • Dec 26, 2013 8:21am Dec 26, 2013 8:21am
M15 is showing a possible long re-entry on EJ or is it too early ?
the market is not random but anything can happen.
  • #291
  • Dec 26, 2013 8:24am Dec 26, 2013 8:24am
Quoting tonytrader
Thank you forexalien for all that you are doing. Ok I am just seeing this setup for NZD/USD. Looks like it is starting to head short in a trend. The monthly is still long, but the weekly, daily and 4hr are saying short next move according to the RSIOMA. The ADX looks like it is about to start a short momentum. Is it significant to be looking at the ADX for the weekly and monthly when the trend is now starting ? What is your take ....just curious. Thanks {image}
Hello tonyT,

The month is mixed - sto's are near the 50%, adx has no power , RSIOMA is long but has crossed down, the delayed sto is trying to turn long again, so this is mixed

week - is mixed also , the only thing I see is the RSIOMA just over 50% barely, and the Delayed sto in the 80% looking to turn down, we need to look at lower TF's for more info.

Daily - mixed but downtrending , black 8,3,3 sto is below 20% , green has turned down and looking to cross below the 50%, ADX 7,,21,and 42 are green for a short move, RSIOMA below 50% and dropping with the delayed sto touching the lower BB.........

H4 - trending short - 3 sto's below 50%, adx all 5 periods are trending downward and the RSIOMA and delayed sto are both moving downward.

This pair is very choppy and not trending well at this time, you could short it, but I would not recommend it ...............

You are getting the idea, but this is a better example of not clear conditions,

Thank you for posting !
The More You Learn, The More You Earn.....
  • #292
  • Dec 26, 2013 8:29am Dec 26, 2013 8:29am
Quoting tonytrader
Thank you forexalien for all that you are doing. Ok I am just seeing this setup for NZD/USD. Looks like it is starting to head short in a trend. The monthly is still long, but the weekly, daily and 4hr are saying short next move according to the RSIOMA. The ADX looks like it is about to start a short momentum. Is it significant to be looking at the ADX for the weekly and monthly when the trend is now starting ? What is your take ....just curious. Thanks {image}
Another recommendation would be to open your charts all the way up and you will see the indicators will move to a new position. When you have them that crowded, they don't read correctly.

Alien has his H4 pulled open behind the H1 and the H1 pulled open behind the M15 and so on .

It's best to take one chart and open it up full screen and start with the month and do a top down look at the pair going through all time frames............

Thanks
The More You Learn, The More You Earn.....
  • #293
  • Dec 26, 2013 8:32am Dec 26, 2013 8:32am
Quoting vspatrick
Wowwww Alien, I made about 150 pips on 2 pairs today ....... and we have just scratched the surface of your method.
Congrats, it will take some time to train your eyes what to look for , but then it will come easy the more you search for trades and it won't take that much time.

Which pairs and if you would, maybe posts some of your trades, but not required..............

Thanks
The More You Learn, The More You Earn.....
  • #294
  • Dec 26, 2013 8:35am Dec 26, 2013 8:35am
Quoting FerruFx
ForexAlien, do you enter at candle close or do you wait for the price to break the signal candle ?
I do use the clock on screen for some of my trades, but I mostly look for the cross overs and the trending adx's and RSIOMA's going the same direction on multiple time frames..............
The More You Learn, The More You Earn.....
  • #295
  • Dec 26, 2013 8:36am Dec 26, 2013 8:36am
Quoting forexalien
{quote} I do use the clock on screen for some of my trades, but I mostly look for the cross overs and the trending adx's and RSIOMA's going the same direction on multiple time frames..............
I am not a candle Alien, as I use the HA candles...............
The More You Learn, The More You Earn.....
  • #296
  • Dec 26, 2013 8:37am Dec 26, 2013 8:37am
Quoting FerruFx
{quote} Keep in mind that we won't have all the same charts especially H4 and Daily ... according to our platform server time.
Another good reason to not use the clock and candle close methods,

Thank you FerruFx................
The More You Learn, The More You Earn.....
  • #297
  • Dec 26, 2013 8:44am Dec 26, 2013 8:44am
Quoting vspatrick
M15 is showing a possible long re-entry on EJ or is it too early ?
Good eyes, it is too early, look at your M5 and M1 RSIOMA and look for a bottom in those time frames , and wait for the delayed sto to turn back long.

alien is doing more teaching instead of looking for trades, but I have gotten a few pips this morning...............

let's follow your example and see where it takes us..................

I see the H1 and H4 RSIOMA is long , this is good ! so to trade this M15 long is a great idea !

We need to follow the smaller TF and see if we can identify the turn............
Attached Image (click to enlarge)
Click to Enlarge Name: ej M15 turn where is it.JPG Size: 420 KB
The More You Learn, The More You Earn.....
  • #298
  • Dec 26, 2013 8:46am Dec 26, 2013 8:46am
Quoting forexalien
{quote} Good eyes, it is too early, look at your M5 and M1 RSIOMA and look for a bottom in those time frames , and wait for the delayed sto to turn back long. alien is doing more teaching instead of looking for trades, but I have gotten a few pips this morning............... let's follow your example and see where it takes us.................. I see the H1 and H4 RSIOMA is long , this is good ! so to trade this M15 long is a great idea ! We need to follow the smaller TF and see if we can identify the turn............ {image}
The M1 might be showing us a higher low on the PA and RSIOMA , but wait and keep watching...........
The More You Learn, The More You Earn.....
  • #299
  • Dec 26, 2013 8:48am Dec 26, 2013 8:48am
Quoting forexalien
{quote} The M1 might be showing us a higher low on the PA and RSIOMA , but wait and keep watching...........
another M15 candle period just went by us..........so the delayed sto is now lower on the M15 chart................
The More You Learn, The More You Earn.....
  • #300
  • Dec 26, 2013 8:50am Dec 26, 2013 8:50am
Quoting forexalien
{quote} Good eyes, it is too early, look at your M5 and M1 RSIOMA and look for a bottom in those time frames , and wait for the delayed sto to turn back long. alien is doing more teaching instead of looking for trades, but I have gotten a few pips this morning............... let's follow your example and see where it takes us.................. I see the H1 and H4 RSIOMA is long , this is good ! so to trade this M15 long is a great idea ! We need to follow the smaller TF and see if we can identify the turn............ {image}
This is a good example on how to get into buying a dip on the M15 chart...............wait for the m1 ,, M5 and M15 to bottom and long it .

The mutiple stochastics are also used for this , but it is too early to teach that yet..............
The More You Learn, The More You Earn.....
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