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Alien's Extraterrestrial Visual Systems

  • #1,681
  • Jan 10, 2014 9:40am Jan 10, 2014 9:40am
Mr. Alien,

Thank you for sharing your system. I've been trading with multiple timeframes for some time now, but the ADX principles you've shared, especially the exit, is a game changer. I've noticed that when you enter on a smaller timeframe trade, and you see the next higher timeframe's ADX turn up (if not already done so) ,especially the larger ADXs, let it run!! So that small wave you are riding turns in to a bigger one, so exit accordingly! What a fantastic exit, and great visual system!!
  • #1,682
  • Jan 10, 2014 9:58am Jan 10, 2014 9:58am
Quoting Islander
{quote} I'm with you on this, I keep an A4 note book open with its double page divided up for the 5 contracts that I monitor and update each as necessay especially what say GbpUsd and UsdJpy are showing when I trade GbpJpy....I also start my day by updating the 4hr paper charts that are on the wall above my monitors...I wonder if Alien will choke on his coffee when he reads this BTW, great charts and posts
Hi People, I have been an avid fan of Alien's since the start of this thread, but do not post much because I use a home grown system that would be confusing if not - "Other Worldly". Following Alien has been very helpful in clarifying my thinking which at times Mrs AG points out is, well ... way far from Earth.

I would like to recommend a Daily Diary that I have found to be very useful:

http://www.splinterware.com/products/idailydiary.htm

If you like it, the $30 for the Pro version is well worth the cost, but the Free version may suffice.

A screen shot follows. In practice I update on the weekends by pulling together my notes and Excel spread sheets. You can paste a link and launch Excel inside a page, but I just copy and paste. Helps me to keep the clutter down and better focused.

Attached Image (click to enlarge)
Click to Enlarge Name: iDD.jpg Size: 208 KB


Hope this is helpful, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #1,683
  • Jan 10, 2014 10:45am Jan 10, 2014 10:45am
Quoting AlbinaGrande
{quote} Hi People, I have been an avid fan of Alien's ... Hope this is helpful, AG

Thanks for the link, I will give it a try.
Weigh well output the loss and gain And proper action ascertain
  • #1,684
  • Edited 12:59pm Jan 10, 2014 10:56am | Edited 12:59pm
I am still in this trade I took yesterday... So far +135 pips.

Do any of you have any inputs in regards to leaving trades open over the weekend (especially when you trade larger time frames)?
I am usually trading small time frames and most of the time I would close my trades before end of NY session on Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: All.JPG Size: 392 KB
Maintain a positive attitude no matter how much you lose!
  • #1,685
  • Jan 10, 2014 12:52pm Jan 10, 2014 12:52pm
Can somebody tell me what about 100,10,10 stochastic? Does it matters for something? I think alien didn't talk about it?
Work smarter,not harder
  • #1,686
  • Jan 10, 2014 2:29pm Jan 10, 2014 2:29pm
Quoting jbegic
I am still in this trade I took yesterday... So far +135 pips. Do any of you have any inputs in regards to leaving trades open over the weekend (especially when you trade larger time frames)? I am usually trading small time frames and most of the time I would close my trades before end of NY session on Friday. {image}
Is still climbing. You can lock profit using a trailing stop!
Per aspera ad astra
  • #1,687
  • Jan 10, 2014 2:38pm Jan 10, 2014 2:38pm
Quoting marcof91
Can somebody tell me what about 100,10,10 stochastic? Does it matters for something? I think alien didn't talk about it?
So far, and correct me if there's more, Alien has made one comment on it. When viewing all 3 stochastics in their window, the fast one will more or less reflect the movements of the medium (green) one on the lower timeframe, and the 110-one will more or less follow the green one on the higher timeframe.

Until Alien deems us ready for his next nugget of wisdom, all we know is that it is an extra visual aid, because it shows the price action in both the higher and lower timeframe.
The game taught me the game. And it didn't spare me the rod while teaching.
  • #1,688
  • Jan 10, 2014 4:24pm Jan 10, 2014 4:24pm
Quoting I-trade
Hi ForexAlien, & all, I just want to share a quick tip to put some color on your charts..... Best regards, {file} {file} {file} {file}
Nice! Thanks I-Trade!
  • #1,689
  • Jan 10, 2014 8:20pm Jan 10, 2014 8:20pm
hello,

there is something i don't understand ( surely already explained but i've skiped few pages , i must admit )

you put 5 ADX strenght line on 1 chart so of course, the scale is bad for some others ADX

( middle scale 30-60 for black adx ( adx 7 ) and extreme lignes for the red adx ( adx 21 ))

So, everytime we move the graph lines move and thus, visually , it's impossible to see their level,

Attached Image
Attached Image


I guess we can only use them to see the direction of the strenght looking direction of the lines but i've seen you've posted that ( and some others things i don't copy )

Quote
3. Look for the ADX, all 5 speeds to be below the 8 -10 scale on the right side of
the screen and look for trends to power from those levels........ http://www.forexfactory.com/attachme...4&d=1387992668

so could you explain why you've said that and what is the proper use of your ADX window ? txs
( 3H of the night , perhaps i've not my ideas enough clear often happens ^^ )
  • #1,690
  • Jan 10, 2014 8:30pm Jan 10, 2014 8:30pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting thomasz1
hello, there is something i don't understand ( surely already explained but i've skiped few pages , i must admit ) you put 5 ADX strenght line on 1 chart so of course, the scale is bad for some others ADX ( middle scale 30-60 for black adx ( adx 7 ) and extreme lignes for the red adx ( adx 21 )) So, everytime we move the graph lines move and thus, visually , it's impossible to see their level, {image} {image} I guess we can only use them to see the direction of the strenght looking direction of the lines but i've seen you've posted that ( and some...

Yes this has been discussed few pages ago.

In fact, if you need to look at levels, you must set the same min/max in all your ADX ... If you look only at the lines direction, you can leave unchecked the min/max.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,691
  • Jan 10, 2014 8:55pm Jan 10, 2014 8:55pm
ok , i'll make some tests to find good settings ( will perhaps just let the adx 7 in a different scale )


txs for the fast answer
  • #1,692
  • Jan 10, 2014 10:59pm Jan 10, 2014 10:59pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting thomasz1
... ( will perhaps just let the adx 7 in a different scale ) ...
Yes as long as you don't need to check levels, there's no reason to change how the ADXs look like ... BTW, that's the way Alien is doing. Just looking at the contraction/expansion of the lines.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,693
  • Jan 11, 2014 3:35am Jan 11, 2014 3:35am
Hi everybody,

I will explain how I trade : It's just my way of trading this system , nothing else !
So firstly, I just take a look at Montlhy, Weekly and Daily chart to see "where we are..." but I don't use them for my ENTRY.
I only work in M15 to avoid fakes in lower timeframes. What I'm looking for is a cross of the Delay Stochastic around the level 20 for Long WITH the RSIOMA above 50 and looking up. Moreover I take some attention at the Green Stochastic, it needs to be like the RSIOMA (above/crossing 50 and looking up) for a better entry.
More the distance between RSIOMA and the cross of DS is high, more the trade is better !!
Concerning the TakeProfit, it depends of many things:
- What is the trend ? Monthly, Weekly, Daily, H4, H1 ==> if all of them are in the trend of your trade you are able to take more profit ! I generally put my SL at BE after 10-12pips earned in low volatility and after 30pips in high volatility.
- Round numbers and Major support...
-Adx's can also help me in my decision.
- My prefered exit method when I already earned some pips is just to exit when RSIOMA crosses down the 80 level !!
It's just my way of trading, it's not the only method which works, it just works for me !


Charts are better than words so take a look at the attach file and wish you green pips !!
Cheers !
Goodgame42.
Attached Image (click to enlarge)
Click to Enlarge Name: example.PNG Size: 74 KB
Trade Safe !
  • #1,694
  • Jan 11, 2014 5:08am Jan 11, 2014 5:08am
Quoting Goodgame42
Hi everybody, I will explain how I trade
Merci beaucoup ! C'est simple, efficace, Et tes explications sont très claires. J'adopte

Thanks a lot
Santé
jf
  • #1,695
  • Jan 11, 2014 5:27am Jan 11, 2014 5:27am
Quoting le celte
{quote} Merci beaucoup ! C'est simple, efficace, Et tes explications sont très claires. J'adopte Thanks a lot Santé jf
De rien ! Le forum est fait pour le partage. Bon courage ! ;-)
Trade Safe !
  • #1,696
  • Jan 11, 2014 5:36am Jan 11, 2014 5:36am
I-trade;7203366]Hi ForexAlien, & all, I just want to share a quick tip to put some color on your charts. You can use the indicator “window shades” to highlight area of your chart with colors

Great Job...thx!!
  • #1,697
  • Jan 11, 2014 11:26am Jan 11, 2014 11:26am
Quoting jpadvisor
AUS/AUD Daily - BB squeeze on daily D. Stochastic going up (and then maybe down again) green sto. and 8.3.3. just crossing H4 - all ADX green expanding, Sto. all flattering and RSIOMA heading 20. H1 - RSIOMA under 20, mixed ADX and Sto. 8.3.3. going up 15 M - BB squeeze and mixed ADX and Sto. 5 M. - BB squeeze and ADX down Sto. up Let see if they align. {image}
Be patient with the Daily D-Stochastic - Your lower time frames tell the story to come...............
The More You Learn, The More You Earn.....
  • #1,698
  • Jan 11, 2014 11:30am Jan 11, 2014 11:30am
Quoting FXKabab
{quote} I tried to find some more information about this, and apparently it is known that this indicator does repaint. Someone on another forum said there was some errors in the code and posted a "corrected" version of this indicator. Here's a screenshot of the two... And yes, I do have both set to the same parameters {image} There's definitely some differences, but I don't want to share this "corrected" code until we find out A) if it's necessary, and B) if we can know for a fact that it is indeed "corrected" and not something else entirely...
This DD Stochastic works best when over 80% and under 20%, You can play a turn around in the middle GRADE "B" trade , but all the other indi's best be giving you a GO..........!
The More You Learn, The More You Earn.....
  • #1,699
  • Jan 11, 2014 11:33am Jan 11, 2014 11:33am
Quoting shivas
{quote} Thank you Alien: It is indeed my pleasure to be a follower. I have been since the times of EYI. I would like to contribute to the thread but my intraday startegy is heavy with Fibs and EMAs, which I respect have no place on your thread. However, I am happy to say that the correlation is" perfect". The information you offer has greatly increased my working knowledge, and I anxiously await to learn long term trading. May you be with the force Regards
I thank you for your respect to not bring other indicators into this thread, this shows what a great person you are !

To be a good trader , first you must be a good person.......Thanks for sharing..............
The More You Learn, The More You Earn.....
  • #1,700
  • Jan 11, 2014 11:38am Jan 11, 2014 11:38am
Quoting rockrobb
{quote} {quote} ENTRY can be on any TF ... but catching the early move on M1 is the best possible... am i right,Alien?
If you look for pairs with hints of H4 and H1 starting a trend with all indi's in alignment, then you can look for the next wave, to continue that trend in the M15 , M5 and M1....Yes....
The More You Learn, The More You Earn.....
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