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Alien's Extraterrestrial Visual Systems

  • #2,241
  • Jan 21, 2014 7:20am Jan 21, 2014 7:20am
Quoting occamsrazors
Hi Hi Alien I'm interested in your analysis of this setup on the GJ today. Here is what I saw... All TFs had long RSIOMAs from W1 down (first time I've noticed that by the way), the D1 is setting up for a DS long but is sometime away, so this could mean a down retrace move sometime) H4 had exited BBSqueeze long ADX expanding H1 was long (but topping?), ADX? M15 had DS long with Green stoch turning up with ADX expanding and 89 and 144 open and exited BBSqueeze long. M5 was long, ADX expanding M1 exited BBSqueeze and went long (green stoch got pulled...
GBPJPY

Month - Long

Week - Long but adx 7 and 21 are resting

Daily - 7 flat days have gone by, 8,3,3 going up, green sto going down for a cross, possible drop out of this, adx mixed, possible RSIoma DS trade long going against the sto cross.

H4 Flat green sto, adx's reatsing, RSIoma slightly long but flat also

This pair is showing over all indecision as GBPUSD is ranging and USDJPY H4 RSIoma is flat around the 50 line.............
The More You Learn, The More You Earn.....
  • #2,242
  • Jan 21, 2014 7:23am Jan 21, 2014 7:23am
CAD news in 7 minutes..........
The More You Learn, The More You Earn.....
  • #2,243
  • Jan 21, 2014 7:36am Jan 21, 2014 7:36am
A lot of Mixed , not very trending pairs out there right now, but that is just the perfect sign, to start looking for setups, as they will magically appear before our eyes......

Look for wedges, BBS, RSIoma DS future setups, keep an eye on RSIoma breaking 80 or 20 lines and take a quick look at the ADX compressions.

After Markets make big moves , they have to rest and reset..........this can take a couple of days sometimes...............so only trade correct setups and don't get suckered in.................Alien
The More You Learn, The More You Earn.....
  • #2,244
  • Jan 21, 2014 7:57am Jan 21, 2014 7:57am
GBPUSD is showing signs of trending and long, wait for next pullback to enter.........Don't chase this spike..........
The More You Learn, The More You Earn.....
  • #2,245
  • Jan 21, 2014 8:47am Jan 21, 2014 8:47am
Hi Alien

first just want to say thanks alian for the post - its a good one
Just started reading this post yesterday and I have not finished the complete thread as of yet
took my first trade with this strategy and Yes I did chase the spike- and got out at the top with 25+ pips within minutes.
price has turned around now. thanks all
Live today like theres no tomorrow-- Prioritize like you will die today
  • #2,246
  • Jan 21, 2014 8:49am Jan 21, 2014 8:49am
Quoting iamsovereign
Hi Alien first just want to say thanks alian for the post - its a good one Just started reading this post yesterday and I have not finished the complete thread as of yet took my first trade with this strategy and Yes I did chase the spike- and got out at the top with 25+ pips within minutes. price has turned around now. thanks all

sorry I forgot to mention the pair that I took the trade with- GBP/USD
Live today like theres no tomorrow-- Prioritize like you will die today
  • #2,247
  • Jan 21, 2014 9:58am Jan 21, 2014 9:58am
I see more and more people using the ADX dashboard. Can someone please tell me where it can be obtained from ?

Thank you
  • #2,248
  • Jan 21, 2014 10:25am Jan 21, 2014 10:25am
This is to show how the system works also on gold.
Attached Image (click to enlarge)
Click to Enlarge Name: fxgm mq.png Size: 192 KB

This is 5 M. TF and you can see the drop of 150 pips well delined on system: BBsqueeze; compression and then expansion of all ADX; green Stochastic cut the 50 line sharply; same information also on 1M and 15 M.
Per aspera ad astra
  • #2,249
  • Jan 21, 2014 10:28am Jan 21, 2014 10:28am
Quoting jpadvisor
This is to show how the system works also on gold.{image} This is 5 M. TF and you can see the drop of 150 pips well delined on system: BBsqueeze; compression and then expansion of all ADX; green Stochastic cut the 50 line sharply; same information also on 1M and 15 M.

There is also a DS divergence to complete the setup.
Per aspera ad astra
  • #2,250
  • Jan 21, 2014 10:37am Jan 21, 2014 10:37am
Quoting Richcom
{quote} Hi jpadvisor, that black window with currency relative strength is build from 3 indicators. You can find whole thread, theory and indicators here: http://www.forexfactory.com/showthread.php?t=300750 and there: http://www.forexfactory.com/showthread.php?t=109599 Yes, that can give you some directions, but Alien extraterrestrial system can show you the same or even more. That's only my bad, old habit to keep it still on screens. [Sorry Alien - don't want to mess with you brilliant thread here - just answering question]...

Thanks Richcom,
I know the thread and recognize some indis. Good to know the relative strenght of each currency before getting to work and applying your system!
Per aspera ad astra
  • #2,251
  • Jan 21, 2014 11:02am Jan 21, 2014 11:02am
Quoting jpadvisor
{quote} Thanks Richcom, I know the thread and recognize some indis. Good to know the relative strenght of each currency before getting to work and applying your system!
? You would say ... Alien system ;]
Knowledge is power, community is strength, positive attitude is everything.
  • #2,252
  • Jan 21, 2014 11:07am Jan 21, 2014 11:07am
I hope, everyone caught this ADX compression and expansion.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
Click to Enlarge Name: Screenshot3.png Size: 49 KB
  • #2,253
  • Jan 21, 2014 11:21am Jan 21, 2014 11:21am
Quoting Richcom
{quote} ? You would say ... Alien system ;]

Of course. I have been the first follower (see post n. 3)
Per aspera ad astra
  • #2,254
  • Jan 21, 2014 11:24am Jan 21, 2014 11:24am
As requested previously by more than one of us - state your chart which you are busy with in your heading of the post, please.

Opening the post and then the chart is the wrong way round, we would like to know from the start - OK this is my etc.... on the GBPUSD chart.

Thanks
  • #2,255
  • Jan 21, 2014 11:26am Jan 21, 2014 11:26am
I have question and I apologize ahead of time for my lack of knowledge
If we have divergence like on the picture below where price action is going down but green stochastic and RSIOMA showing highs; is this a clear sign of NOT looking for going "long" on this time frame?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 532 KB
Maintain a positive attitude no matter how much you lose!
  • #2,256
  • Jan 21, 2014 12:02pm Jan 21, 2014 12:02pm
Quoting Gothamcity
I see more and more people using the ADX dashboard. Can someone please tell me where it can be obtained from ? Thank you
Send PM to Alien for detailes
Maintain a positive attitude no matter how much you lose!
  • #2,257
  • Jan 21, 2014 12:24pm Jan 21, 2014 12:24pm
Quoting jbegic
I have question and I apologize ahead of time for my lack of knowledge If we have divergence like on the picture below where price action is going down but green stochastic and RSIOMA showing highs; is this a clear sign of NOT looking for going "long" on this time frame? {image}
Hi Jbegic

According to Alien's previous examples you would be looking to go long when you get a confirmation maybe from a lower time frames
With God its impossible to lose
  • #2,258
  • Jan 21, 2014 12:29pm Jan 21, 2014 12:29pm
Quoting jbegic
I have question and I apologize ahead of time for my lack of knowledge If we have divergence like on the picture below where price action is going down but green stochastic and RSIOMA showing highs; is this a clear sign of NOT looking for going "long" on this time frame? {image}

I Jbegic,
divergence means just the divergence between price and a oscillator, like RSI, Stochastich or RSIOMA. Divergence should point a possible change of trend, in the direction shown from oscillator, but they are not often reliable. That is because after you noticed a divergence, you need to see other confirmations. Moreover divergences on higher TF can remain in place for days or weeks. This is my humble 2 cent.
Per aspera ad astra
  • #2,259
  • Jan 21, 2014 1:35pm Jan 21, 2014 1:35pm
Here are some trade setups today, just showing one time frame..
When you see these it's good to look at the higher time frames for trend confirmation and lower time frames for better entries..

In the case of day trading with a 5m chart, I find you don't really need to go higher than the 15m or 1h for trend or reversal signs that the trade will go your way... especially if you have the ADX backing you up.. And you can go to the 1m for your entry...

Anyway, did anyone catch any of these?

NOTE: the red vertical lines are approximate entry lines... the other vertical lines you can ignore... they just tell me when certain sessions open and close.

USDJPY 5M - BBsqueeze, ADX powering up, Green Stoch and RSIoma below 50 with DS following close...
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym5.png Size: 60 KB


EURJPY 5M - BBsqueeze, ADX powering up, Green Stoch and RSIoma below 50 with DS divergence...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 60 KB


USDCHF 5M - BBsqueeze, ADX powering up, Green Stoch below 50, and RSIoma below 20 with DS divergence...
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfm5.png Size: 57 KB


USDCAD 5M - BBsqueeze (1 dot), then ADX powers up, RSIoma and Green Stoch rise above 50 along with the DS...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm5.png Size: 62 KB


GBPCAD 5M - ADX powered up, RSIoma above 80 with DS divergence, and Green Stoch turning back up above 50...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm5.png Size: 69 KB


EURAUD 5M - BBsqueeze, ADX powering up, Green Stoch and RSIoma crossing above 80 with DS...
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm5.png Size: 69 KB


GBPAUD 5M - BBsqueeze, ADX powering up, Green Stoch and RSIoma crossing above 80 with DS...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudm5.png Size: 68 KB


XAUUSD 15M - BBsqueeze, ADX powering up, Green Stoch crossing below 50 and RSIoma crossing below 20 with DS divergence (jpadvisor already pointed this one out)
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm15.png Size: 56 KB


I wasn't able to catch all these trades (too many pairs to watch), but just doing some after market review of what setups happened today (5m mostly to keep things simple for now), and thought I'd share...
  • #2,260
  • Jan 21, 2014 1:41pm Jan 21, 2014 1:41pm
Quoting jbegic
I have question and I apologize ahead of time for my lack of knowledge If we have divergence like on the picture below where price action is going down but green stochastic and RSIOMA showing highs; is this a clear sign of NOT looking for going "long" on this time frame? {image}
Hi,
Divergence
LL in price and HL in indicator - suggestive of bulls
HH in price and LH in indicator - suggestive of bears

So the lines are drawn on top if trend is bullish and on lows if the trend is bearish.
Lines in your chart do not correspond to above. This is just to clear any confusion.
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