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  • #2,021
  • Jan 16, 2014 2:57pm Jan 16, 2014 2:57pm
Quoting jurn_e
EJ second half still running. Up +70 pips atm.
That's not a scalp, have you changed your ways.............?
The More You Learn, The More You Earn.....
  • #2,022
  • Jan 16, 2014 3:08pm Jan 16, 2014 3:08pm
Quoting jbegic
Alien (and others)... I know we can't get all the wins and there will be some loses (hopefully not to many), on the other hand, we need to learn from our mistakes if/ when we make them. This might be one of them for me and I would appreciate if someone can point this out to me what went wrong here in my decision to go Long as when I looked at this chart, it seemed everything was pointing up for a buy trade, however, I ended up in a loss. Either this was my bad reading of the charts or this was one of those that just didn't work out I...
Your daily adx has no power long and it on the back side of a top...........
H4 Long was in order.........
H1 weakening with divergence and on the back side of a top...........
M15 was still long
M5 was long but you hit it on the back side of the top also.........
M1 long but you hit it on the back side of the top also.........

You just one the lottery !

It looks like you did not get into the trade early enough,

How big was your lose ? pips?

It also looks like you found the TOP of every time frame and it is ready to turn short, I will comment more later...........
The More You Learn, The More You Earn.....
  • #2,023
  • Jan 16, 2014 3:27pm Jan 16, 2014 3:27pm
Quoting forexalien
Your daily adx has no power long and it on the back side of a top........... H4 Long was in order......... H1 weakening with divergence and on the back side of a top........... M15 was still long M5 was long but you hit it on the back side of the top also......... M1 long but you hit it on the back side of the top also......... You just one the lottery ! It looks like you did not get into the trade early enough, How big was your lose ? pips? It also looks like you found the TOP of every time frame and it is ready to turn short, I will comment more...
Thank you for your respond...
When you say "the back side of the top" are you referring to RSIOMA above 80 and DD Stochastic on the top?

I have put 50 pips Stop Loss on this trade which was hit (of course this happened when my had was tucked between the pillows)
Maintain a positive attitude no matter how much you lose!
  • #2,024
  • Jan 16, 2014 3:59pm Jan 16, 2014 3:59pm
Quoting jbegic
Alien (and others)... I know we can't get all the wins and there will be some loses (hopefully not to many), on the other hand, we need to learn from our mistakes if/ when we make them. This might be one of them for me and I would appreciate if someone can point this out to me what went wrong here in my decision to go Long as when I looked at this chart, it seemed everything was pointing up for a buy trade, however, I ended up in a loss. Either this was my bad reading of the charts or this was one of those that just didn't work out I...
On the M15 PA was showing a Green Stochastic short divergence and a hint of a RSIOMA short divergence so this would have made me wary of longs especially when combining this with the position of PA on the H1/H4 chart (back near the previous highs). That's a natural place for PA to rest and the M15 divergence gave the sign of things to come.

Also the RSIOMA delayed stochastic long divergence dropped out of the 80 area so wasn't a good signal when combined with the green stoch short divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF M15 jbergic divergence.JPG Size: 551 KB
  • #2,025
  • Jan 16, 2014 4:04pm Jan 16, 2014 4:04pm
I see some people are still struggling in understanding Alien's method and I must say it takes a some getting use to. However In order to make things easier for new comers I have reduced the PDF to a summary which may help some people. However, unfortunately, I know that it doesn't matter how you try to show some people how to trade they will never be able to get their heads around it.

All the best to all
Attached File(s)
File Type: pdf Short Summary Alien Systems.pdf   515 KB | 2,339 downloads
With God its impossible to lose
  • #2,026
  • Jan 16, 2014 4:10pm Jan 16, 2014 4:10pm
Quoting occamsrazors
{quote} On the M15 PA was showing a Green Stochastic short divergence and a hint of a RSIOMA short divergence so this would have made me wary of longs especially when combining this with the position of PA on the H1/H4 chart (back near the previous highs). That's a natural place for PA to rest and the M15 divergence gave the sign of things to come. Also the RSIOMA delayed stochastic long divergence dropped out of the 80 area so wasn't a good signal when combined with the green stoch short divergence. {image}
I should mention that the with the BBSqueeze on M15 I would still have been looking for a long on the lower TFs at that point but the M15 divergence and H1 position mean it may not have far to travel. An entry at the end of the M15 BBSqueeze and end of M5 BBSqueeze at the similar time would still have moved happily into to profit which you could protect at break even if worried about the M15 divergences...
  • #2,027
  • Edited 5:06pm Jan 16, 2014 4:51pm | Edited 5:06pm
Thank you for your reply occamsrazors here and here

I need to go back down this thread and do some more readings. Also thank you to rglenn for new PDF File

I think there is more to this setup then just aligning price action which is petty much what I was doing... Especially trying to find divergence but I need to figure out what time frame should I be looking at for those and to be able to tell, "yes this is it, I shouldn't take this trade because of that" just like occamsrazors has mentioned above to my question.

Looking at my setup here and comparing to the one in some of the first posts, I thought I was in the right trade and proved my self to be wrong (or maybe this was the tricky one to detect for newbie like me )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture from PDF.JPG Size: 218 KB
Click to Enlarge Name: USDCHF.JPG Size: 434 KB
Maintain a positive attitude no matter how much you lose!
  • #2,028
  • Edited 6:43pm Jan 16, 2014 6:20pm | Edited 6:43pm
Quoting jbegic
Thank you for your reply occamsrazors here and here I need to go back down this thread and do some more readings. Also thank you to rglenn for new PDF File I think there is more to this setup then just aligning price action which is petty much what I was doing... Especially trying to find divergence but I need to figure out what time frame should I be looking at for those and to be able...
No problem jbegic. It comes with screen time. If one hasn't looked at multiple time frames (say H4 to M5) before then there is fair bit to absorb and compute, RISOMAS going different ways above and below 50 on different TFs, a green stoch divergence on a single causing a generating a change in direction etc etc. And then trying to stay on top of this across multiple pairs it can get confusing. But with hours and hours of screen time and your standard setups/checklist of what you are looking for the ability to compute becomes easier... (although I don't like to say how many hours, my eyes hate me for what I've done to them lol... the lesson I've learnt is its taken a fair bit (a lot!) longer than I expected for my tiny mind ).
  • #2,029
  • Jan 16, 2014 6:29pm Jan 16, 2014 6:29pm
Quoting occamsrazors
my eyes hate me for what I've done to them lol... the lesson I've learnt is its taken a fair bit (a lot!) longer than I expected for my tiny mind ).
I hear you on that one... I think pretty soon we are going to need 42 inch monitor with only 4 charts on it and eye gases too :nerd:
My eyes (and brain) hate me too. For the past few nights all I dream about is trend line / price action, and so on... Should I say I am having a nightmare
Maintain a positive attitude no matter how much you lose!
  • #2,030
  • Jan 16, 2014 8:07pm Jan 16, 2014 8:07pm
USDJPY seem to want to go short m1 and m5 are clear short m15 is short too.
1h is going to go short on the adx if this continue
4h RSIOMA still buy but weakening and i anticipate a divergence and a cross of DS
1D is topy ... still long but i take a guess
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 995 KB
  • #2,031
  • Jan 16, 2014 8:34pm Jan 16, 2014 8:34pm
Quoting jbegic
{quote} Thank you for your respond... When you say "the back side of the top" are you referring to RSIOMA above 80 and DD Stochastic on the top? I have put 50 pips Stop Loss on this trade which was hit (of course this happened when my had was tucked between the pillows)
That will be a new term, I will start using when talking about the multiple stochastic. I have not really taught much about stochastics, because I was trying to get the first few concepts learned by humans...........
This is not the greatest example, and it's using your chart. As the green sto travels long and short, the 8,3,3 sto is going long and short twice as fast through the green sto. The 8,3,3 sto can give you many clues as to what may happen in the future.
See the green sto cross the 50% and the 8,3,3 is crossing with it, on the front side of the wave this would be wave 3 , the money wave, and as you can see it was the longest price action.
The same goes for the back side of the green sto wave, green sto is coming down, 8,3,3 sto will go up by the green sto and then possible turn back down again, creating wave 3 to the short side. So I marked the top, and the PA is currently to the back side of the top.............
There are many details to learn using the multiple stochastics to get you your best trades or just another reason to enter or exit.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: back side teach.JPG Size: 157 KB
The More You Learn, The More You Earn.....
  • #2,032
  • Jan 16, 2014 8:43pm Jan 16, 2014 8:43pm
Quoting occamsrazors
{quote} I should mention that the with the BBSqueeze on M15 I would still have been looking for a long on the lower TFs at that point but the M15 divergence and H1 position mean it may not have far to travel. An entry at the end of the M15 BBSqueeze and end of M5 BBSqueeze at the similar time would still have moved happily into to profit which you could protect at break even if worried about the M15 divergences...
Correct , if near by TF's are mixed , the current setup might not go far.

If indicators or Charts look Mixed or Flat, just walk away from them, there are other charts that are trending already............
The More You Learn, The More You Earn.....
  • #2,033
  • Edited 10:30pm Jan 16, 2014 8:45pm | Edited 10:30pm
AUDUSD

Daily & H4 RSIOMA: Short
Possible Divergence (between RSIOMA & DD Stochs) on H1
M15 & M1 situation supports the possibility
Still has to wait …
Attached Image (click to enlarge)
Click to Enlarge Name: audusd h1.png Size: 149 KB
i worshipped... Momentum
  • #2,034
  • Jan 16, 2014 8:46pm Jan 16, 2014 8:46pm
Quoting jbegic
{quote} I hear you on that one... I think pretty soon we are going to need 42 inch monitor with only 4 charts on it and eye gases too :nerd: My eyes (and brain) hate me too. For the past few nights all I dream about is trend line / price action, and so on... Should I say I am having a nightmare
Trade on the Daily only and walk away for a week.............
The More You Learn, The More You Earn.....
  • #2,035
  • Jan 16, 2014 8:50pm Jan 16, 2014 8:50pm
Quoting TrevSpacer
USDJPY seem to want to go short m1 and m5 are clear short m15 is short too. 1h is going to go short on the adx if this continue 4h RSIOMA still buy but weakening and i anticipate a divergence and a cross of DS 1D is topy ... still long but i take a guess {image}
The daily is long and coming down.........
H4 will cycle long on the 8,3,3 and then we may see further downhill for the USDJPY
H1 looks to cycle long again, to bring the H4 long again, to only have both go short and bring the daily down some more..................
The More You Learn, The More You Earn.....
  • #2,036
  • Jan 16, 2014 8:53pm Jan 16, 2014 8:53pm
Quoting rockrobb
AUDUSD Daily & H4 RSIOMA: Down Possible Divergence (between RSIOMA & DD Stochs) on H1 M15 & M1 situation supports the possibility Still has to wait … {image}
Daily is short,
H1 will pull the H4 down a bit more to find a H4 bottom, then H4 will go long and then short , pulling the Daily down some more.........
The More You Learn, The More You Earn.....
  • #2,037
  • Jan 16, 2014 10:16pm Jan 16, 2014 10:16pm
Hi master alien.
Thanks again for sharing the system. I have to say it is really amazing. So far, i have entered about 10 trades and only 1 is a loss.
Another problem i face is how most of the trades are in the money very quick but after the big moves it came back to stop me out for a break even trade. Now i have always trade higher time frame 1h and up but have started looking into 5m 15m after joining this thread. I guess i am just not quick enough and not used to getting in and out in just a few hours.

I can't wait for you to start teaching us how to catch the big trend using multiple and higher timeframe on this amazing system
  • #2,038
  • Jan 16, 2014 10:21pm Jan 16, 2014 10:21pm
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Possible For Long Sling Shot or Reversal Sign ??
To me H4 and H1 is not so bull
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Daily 17 Januari.jpg Size: 418 KB
  • #2,039
  • Jan 16, 2014 10:58pm Jan 16, 2014 10:58pm
Quoting forexalien
{quote} That's not a scalp, have you changed your ways.............?
I closed half at tma m15 for abt 17 pips. Other half left running as m5 ADX expanding. Got stopped out at 50pips

In my opinion the most valuable concept you have given to me is ADX.
Pivot Boss in the making~
  • #2,040
  • Jan 17, 2014 5:50am Jan 17, 2014 5:50am
Quoting jurn_e
{quote} I closed half at tma m15 for abt 17 pips. Other half left running as m5 ADX expanding. Got stopped out at 50pips In my opinion the most valuable concept you have given to me is ADX.

I agree on that: the expanding and contracting ADX for momentum trading.
Per aspera ad astra
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