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Alien's Extraterrestrial Visual Systems

  • #1,921
  • Jan 15, 2014 11:43am Jan 15, 2014 11:43am
Thanks a ton Forexalien, fished out 200 pips in a single trade.

2 cents from me - when PA stalls below 144 adx, trend change is round the corner.
  • #1,922
  • Jan 15, 2014 12:40pm Jan 15, 2014 12:40pm
Quoting imperative
Hello. If we need to exit from a position completely, should we look at the 144 ADX breakdown in smaller TF or higher TF ? Thank you.
If your looking to exit only, because you are in profit it sounds like,

You may use the 89 adx or the 144 adx, But Don't go back into that trade again, look for something new..............
The More You Learn, The More You Earn.....
  • #1,923
  • Jan 15, 2014 12:42pm Jan 15, 2014 12:42pm
Quoting traderbola
Anyone still holding longs with USDCAD??? 15m chart RSIOMA looks kind of divergence to me? {image}
6 hrs late for me, But YES again, you are getting good at finding those.............
The More You Learn, The More You Earn.....
  • #1,924
  • Jan 15, 2014 12:46pm Jan 15, 2014 12:46pm
Quoting traderbola
{quote} I was thinking to hit 1.1 first then correction becuase all TFs were long with Alien's system... but who knows.. I think all depends on US data coming out today.... I'll set SL tight and keep watching this pair....
TIP: Even Whole Numbers and Half numbers are psychological areas, What I have found in the past is to get out of a trade just before these areas , as you can see PA stopped 10 pips short and reversed.
The More You Learn, The More You Earn.....
  • #1,925
  • Jan 15, 2014 12:47pm Jan 15, 2014 12:47pm
Quoting jurn_e
EJ scalp +13pips. {image}
The Scalping Queen Indeed if you are female..........
The More You Learn, The More You Earn.....
  • #1,926
  • Jan 15, 2014 12:50pm Jan 15, 2014 12:50pm
Quoting jurn_e
EJ scalp +13pips. {image}

When you get great with this M1 scalping , go to the next higher time frames and collect more pips............

Soon you will be swing trading for hundreds of pips........
The More You Learn, The More You Earn.....
  • #1,927
  • Edited 1:04pm Jan 15, 2014 12:53pm | Edited 1:04pm
Quoting jurn_e
EJ scalp +13pips. {image}
I like your Wavey Tunnels and your M5 KUMO for your M1 scalping............

For newbies I would not add this to Alien's System at this time , but in the future if it works for , I do see how she is using it for scalping....
The More You Learn, The More You Earn.....
  • #1,928
  • Jan 15, 2014 1:06pm Jan 15, 2014 1:06pm
Quoting ntrr
{quote} I closed half position and short hedged the other half just after the news. Looks to me it needs some retracement or a rest. Will look for new long signal.
At the bottom of the M15 would be a new entry, But I do see the H1 dropping more at this time.....after M15 retrace............
The More You Learn, The More You Earn.....
  • #1,929
  • Jan 15, 2014 1:08pm Jan 15, 2014 1:08pm
Quoting TrevSpacer
ok this is my new setup its going like this 1m,5m,15m,1h,4h,1D I setup all the pair i want to trade in my profile and im ready for war now ! Thanks to all of you in that help me shape my trading and a big thanks to Alien for starting this thread regards TrevSpacer {image}
What platform do you have ? MT4 or MT5
The More You Learn, The More You Earn.....
  • #1,930
  • Jan 15, 2014 1:09pm Jan 15, 2014 1:09pm
Quoting TrevSpacer
ok this is my new setup its going like this 1m,5m,15m,1h,4h,1D I setup all the pair i want to trade in my profile and im ready for war now ! Thanks to all of you in that help me shape my trading and a big thanks to Alien for starting this thread regards TrevSpacer {image}
First time I have seen a duel candle user before ..................
The More You Learn, The More You Earn.....
  • #1,931
  • Jan 15, 2014 1:12pm Jan 15, 2014 1:12pm
Quoting dan4o
Hi Alien This my first 2 trades by your method. I watch only 1M 5M and 15M because I trade on 1M. My long trade : -1M TF: stochs look good; ADX look good; RSIOMA above 50 -5M TF: stochs look good; RSIOMA above 50 -15M TF: RSIOMA beetwen 20 and 50 for that I closed on Yestarday's High (+15 pips) My short trade: -1M TF only RSIOMA look good -5M TF all look good -15 TF RSIOMA below 50 I exit to early (+30) because I don't have ADX dashboard and I don't stay with the trend {image}
Your 3 candles early on the expanding adx , but lets continue...........

If your looking to exit only, because you are in profit it sounds like,

You may use the 89 adx or the 144 adx, But Don't go back into that trade again, look for something new..............

Dash Board not required, eyes can follow the adx....
The More You Learn, The More You Earn.....
  • #1,932
  • Jan 15, 2014 1:15pm Jan 15, 2014 1:15pm
Quoting FXKabab
{quote} The ADX Dashboard just tells you what the 5 ADXs are doing... so, since you have those on your chart, you don't need the dashboard to tell you when to get in or get out... Just look at the slope of the ADX lines.. when the slower speeds (89, 144) start to turn down, you can consider the move over for now
Thank You !
The More You Learn, The More You Earn.....
  • #1,933
  • Jan 15, 2014 1:17pm Jan 15, 2014 1:17pm
Quoting imperative
Thanks a ton Forexalien, fished out 200 pips in a single trade. 2 cents from me - when PA stalls below 144 adx, trend change is round the corner.
Not sure exactly what you meant by PA stalling BELOW the 144 ADX.......

And Great trading ! most traders can't stay the trade , and never come ahead..............on pips..........
The More You Learn, The More You Earn.....
  • #1,934
  • Jan 15, 2014 1:23pm Jan 15, 2014 1:23pm
Quoting forexalien
{quote} TIP: Even Whole Numbers and Half numbers are psychological areas, What I have found in the past is to get out of a trade just before these areas , as you can see PA stopped 10 pips short and reversed.
THank you for the Tip Alien....

WHat do you think about thi set up??? May be correction is over?
Attached Image (click to enlarge)
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Journey is more important than destination
  • #1,935
  • Jan 15, 2014 1:50pm Jan 15, 2014 1:50pm
Forexalien thank you for your advices.
Regards.
dan40
  • #1,936
  • Jan 15, 2014 3:32pm Jan 15, 2014 3:32pm
How many currency pairs would anyone recommend to track with this setup?
What is not to much (to avoid over trading / to be able to keep up with you busy schedule / to stay on top of price actions and not to get overwhelmed)?
Maintain a positive attitude no matter how much you lose!
  • #1,937
  • Jan 15, 2014 4:43pm Jan 15, 2014 4:43pm
Quoting traderbola
{quote} THank you for the Tip Alien.... WHat do you think about thi set up??? May be correction is over? {image}
Unsure of the pair and TF you have there. That must be the USDCAD you have there looking at the numbers. and the H1......

The resting ADX right now tells me it's going to come down further, until proven different.........

And back down it came after 3 hours..........

Grasshopper must practice some more patience and let the trade come to him........

Give it enough time and it will go long again...........
The More You Learn, The More You Earn.....
  • #1,938
  • Jan 15, 2014 4:55pm Jan 15, 2014 4:55pm
Quoting jbegic
How many currency pairs would anyone recommend to track with this setup? What is not to much (to avoid over trading / to be able to keep up with you busy schedule / to stay on top of price actions and not to get overwhelmed)?
It depends on the type of person you are and how well you scan charts........ I look at them all when brought to may attention so humans can learn from it.........
30 charts in a hour and take a break, in time, certain pairs will stick in your head as to what they are doing.........

You can't over trade because the setup and exits are both there..............

H1 and H4 setups are trade and walk away for the day.................
The More You Learn, The More You Earn.....
  • #1,939
  • Jan 15, 2014 5:14pm Jan 15, 2014 5:14pm
Hello Alien and all, great thread! Im just reading through the thread but thought I would put in some practice.

My thoughts on E/U

4hr green stoch falling past the 50 line
ADX momentum rising
Rsioma falling past 50 line

1hr Blue and green stoch below the 20 line
144 and 89 adx still rising
rsioma below the 20

15m IF/WHEN the green crosses the 50 AND the ADX increases I will enter
blue rsioma should fall as well

I think that covers it, any thoughts or comments?

Thanks for the great thread!
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  • #1,940
  • Jan 15, 2014 6:45pm Jan 15, 2014 6:45pm
Took the E/U trade, will see how it plays out if only to understand the concepts better.

Think it may only be a C setup heres why,

Asia- no volume
Daily low- price doesnt usually make new hi's/lows in asia
stoch divergence
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