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  • #2,261
  • Jan 21, 2014 1:48pm Jan 21, 2014 1:48pm
Quoting FXKabab
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......
Hi Fx Kabab,
Man you opened just a whole new picture of the system. Thanks for your input. Did you catch any trade based on above?
  • #2,262
  • Jan 21, 2014 1:55pm Jan 21, 2014 1:55pm
Quoting shaan
{quote} Hi Fx Kabab, Man you opened just a whole new picture of the system. Thanks for your input. Did you catch any trade based on above?
Yes, I caught the EURJPY, EURAUD, and GBPCAD trades, but I'm only doing demo with this system right now.

I need to get some big eyes like alien to catch more next time!

Btw, what do you mean about "whole new picture of the system"?
  • #2,263
  • Jan 21, 2014 2:00pm Jan 21, 2014 2:00pm
DS divergence in relation to RSIOMA - We have been seeing great potential of this method.
However on the attached chart of NZDUSD 15min I took a long trade on the above basis. But it went down (price and RSIOMA) followed TOWARDS DS although the trend on all higher frames was long.
Comments / suggestions welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm15.png Size: 75 KB
  • #2,264
  • Jan 21, 2014 2:03pm Jan 21, 2014 2:03pm
Quoting FXKabab
{quote} Yes, I caught the EURJPY, EURAUD, and GBPCAD trades, but I'm only doing demo with this system right now. I need to get some big eyes like alien to catch more next time! Btw, what do you mean about "whole new picture of the system"?
I have been trying to look trades at higher frames (because of my job commitments) without realizing its strength on the 5 minutes with so many pips.
  • #2,265
  • Jan 21, 2014 2:12pm Jan 21, 2014 2:12pm
Quoting shaan
DS divergence in relation to RSIOMA - We have been seeing great potential of this method. However on the attached chart of NZDUSD 15min I took a long trade on the above basis. But it went down (price and RSIOMA) followed TOWARDS DS although the trend on all higher frames was long. Comments / suggestions welcome. {image}
Hmm, since this was a 15M setup, I would want to see what the 1hr and maybe even 4hr are doing..
And at the time of this setup, though the Green Stoch and RSIoma were long on the 1hr... neither time frame had any ADX power to back the move up.
Also going down to the 5m... by the time ADX started to power up on that time frame, the ADX histogram turned bearish..
The ADX144 on the 15m was also still in power down mode at the time of this setup...

The RSIoma and Stochastics will just give us ideas... but the ADX has to back them up!

I'm sure alien can comment a few more reasons based on his more advanced techniques, but just sticking to the basics and not overlooking the 5 Speed ADX should keep you out of trouble most the time.
  • #2,266
  • Jan 21, 2014 2:17pm Jan 21, 2014 2:17pm
Quoting shaan
{quote} I have been trying to look trades at higher frames (because of my job commitments) without realizing its strength on the 5 minutes with so many pips.
Ah, I see... on average some pairs just move more than others too.. especially: GBPAUD, EURAUD, GBPNZD, EURNZD, GBPCAD, EURJPY, GPYJPY, CHFJPY, GBPCHF... maybe some others I can't think of now.. not a recommendation to trade these, just that I've noticed they often move a lot of pips.
  • #2,267
  • Edited 6:14pm Jan 21, 2014 2:34pm | Edited 6:14pm
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
Welcome iamsovereign,

Please read and study, all the pages will get you the basics, future ideas will be taught as they come about, repetition is best for now..........
The More You Learn, The More You Earn.....
  • #2,268
  • Jan 21, 2014 2:37pm Jan 21, 2014 2:37pm
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.
Thanks for posting the great example of the Gold Chart..............
The More You Learn, The More You Earn.....
  • #2,269
  • Jan 21, 2014 3:09pm Jan 21, 2014 3:09pm
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.
GOLD Chart

And the setup showed up twice, #1 is the BBS the leading setup finder,

The green sto crossing the 50 line is clue number 2

#3 is the ADX expansion,

and confirmation on the RSIoma.........

Also what needs to be pointed out are the EXITS, double bottom which I don't use much, the ADX are your exits at the 42 or 89 or 144 turn down, showing the power of the trade has gone away.........confirmation of the RSIoma coming off the bottom helps also with an exit..........
Attached Image (click to enlarge)
Click to Enlarge Name: clues.JPG Size: 372 KB
The More You Learn, The More You Earn.....
  • #2,270
  • Jan 21, 2014 3:13pm Jan 21, 2014 3:13pm
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}
You have like 3 days worth of data there that might nullify those thoughts.

If we are looking for divergence, I use the trend lines on the bottom to go long and on the top to go short normally with the RSIoma or Green sto and the PA.
The More You Learn, The More You Earn.....
  • #2,271
  • Jan 21, 2014 3:18pm Jan 21, 2014 3:18pm
Quoting FXKabab
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......
You are becoming a Master at picking these up, Great ! The more you practice , the easier it is to see in real time..............!

Thanks for Posting all the great examples...............
The More You Learn, The More You Earn.....
  • #2,272
  • Jan 21, 2014 3:20pm Jan 21, 2014 3:20pm
Quoting FXKabab
{quote} Yes, I caught the EURJPY, EURAUD, and GBPCAD trades, but I'm only doing demo with this system right now. I need to get some big eyes like alien to catch more next time! Btw, what do you mean about "whole new picture of the system"?
Look for the BBS is your first clue......!
The More You Learn, The More You Earn.....
  • #2,273
  • Jan 21, 2014 3:25pm Jan 21, 2014 3:25pm
Quoting shaan
DS divergence in relation to RSIOMA - We have been seeing great potential of this method. However on the attached chart of NZDUSD 15min I took a long trade on the above basis. But it went down (price and RSIOMA) followed TOWARDS DS although the trend on all higher frames was long. Comments / suggestions welcome. {image}
Thanks for posting a trade that did not go well for you..................

Things not quite right, was the green sto was going sideways for a while and turned long............

The really big boo boo was the ADX did not have all 5 speeds expanding, this is a must for a GRADE "A" trade and I will later look at the higher and lower time frames for other clues why this trade did not make it................Thanks
The More You Learn, The More You Earn.....
  • #2,274
  • Jan 21, 2014 3:36pm Jan 21, 2014 3:36pm
Quoting forexalien
{quote} 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.............

Hi Alien,

Still learning and practising.
I got a question about your comment.
What exactly do you mean by Daily - green sto going down for a cross?
Cross with the 50 level, or that later on the 8,3,3 sto turns down again and crosses the green stoch again.

Maybe its very clear said, but english is not my native language, thats why i'm asking.

Thanks.
  • #2,275
  • Jan 21, 2014 6:00pm Jan 21, 2014 6:00pm
Quoting forexalien
{quote} 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.............
Thanks for the reply Alien. That all makes sense, I put more emphasise on the long RSIOMA positions on the HTFs than I should have and thought they would help carry the H4 BB break a bit further therefore. The HTFs weren't against the trade but there wasn't any help for it either from a momentum perspective. Good.

That move up on the chart from my entry actually setup further M15 divergences. I had the green stoch divergence marked but not the RSIOMA divergence (I find the RSIOMA divergences are more reliable, not good I didn't have that marked I'm normally pretty diligent with that, think I got too focussed on the H4 BB Break and long RSIOMAs). The Green Stoch made another lower high forming another divergence and also there was a secondary divergence which you talked about in post 1545...

"see the green sto moving lower and the 8,3,3 is moving long ( this is another secondary price divergence, a GREAT CLUE ! ) as it is on the highest price high and when the 8,3,3 turns down to match the direction of the 21,10,10 Fireworks happen as you can see............the green stoch moving lower and the 8,3,3 is moving long"

http://www.forexfactory.com/showthre...22#post7199622

Exactly the same fireworks setup today...learnt my lesson and not missing that one again
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-22_1039_GJ_Divergence_Fireworks.png Size: 45 KB
  • #2,276
  • Jan 21, 2014 6:30pm Jan 21, 2014 6:30pm
Quoting msiamd
{quote} Hi Alien, Still learning and practising. I got a question about your comment. What exactly do you mean by Daily - green sto going down for a cross? Cross with the 50 level, or that later on the 8,3,3 sto turns down again and crosses the green stoch again. Maybe its very clear said, but english is not my native language, thats why i'm asking. Thanks.
GBPJPY Daily.........

TIP:

On the chart below, The green sto is traveling downward, the trend, the 8,3,3 is traveling long, making price action divergence against the trend, these 2 together make a CROSS X, This is actually price divergence, as the 8,3,3 (high probability) travels back downward, This pair of stochastics will pick up steam together as they both travel the same direction downward. This will make the DS get lower, and if the RSIoma is in position high enough, we will get another trade long again, in a couple of weeks or less......
This Cross has been posted before...................

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: cross sto GJ.JPG Size: 318 KB
The More You Learn, The More You Earn.....
  • #2,277
  • Jan 21, 2014 6:35pm Jan 21, 2014 6:35pm
Quoting occamsrazors
{quote} Thanks for the reply Alien. That all makes sense, I put more emphasise on the long RSIOMA positions on the HTFs than I should have and thought they would help carry the H4 BB break a bit further therefore. The HTFs weren't against the trade but there wasn't any help for it either from a momentum perspective. Good. That move up on the chart from my entry actually setup further M15 divergences. I had the green stoch divergence marked but not the RSIOMA divergence (I find the RSIOMA divergences are more reliable, not good I didn't have that...
I have found that Price Action Divergence with the Green Sto and RSIoma to be very reliable................
The More You Learn, The More You Earn.....
  • #2,278
  • Jan 21, 2014 6:38pm Jan 21, 2014 6:38pm
That AUD news was the Cat's Meow, But I always seem to eat them.....................
The More You Learn, The More You Earn.....
  • #2,279
  • Jan 21, 2014 6:46pm Jan 21, 2014 6:46pm
USDSGD didn't like that news, there is really not a setup over there yet.................
The More You Learn, The More You Earn.....
  • #2,280
  • Jan 21, 2014 8:16pm Jan 21, 2014 8:16pm
Quoting occamsrazors
{quote} Thanks for the reply Alien. That all makes sense, I put more emphasise on the long RSIOMA positions on the HTFs than I should have and thought they would help carry the H4 BB break a bit further therefore. The HTFs weren't against the trade but there wasn't any help for it either from a momentum perspective. Good. That move up on the chart from my entry actually setup further M15 divergences. I had the green stoch divergence marked but not the RSIOMA divergence (I find the RSIOMA divergences are more reliable, not good I didn't have that...
Thank You for your Post !

EJ M1 - M15

Here is another example of stochastic price divergence CROSS X on the M1, green sto moving down, 8,3,3 moving long for the price divergence, and back down to follow the green sto, we get another large move or sling shot back down.

Now these do work best on the back side of a top and the M5 and M15 show topping happening...........

These also happen on the front side of a move, creating wave 3..............and as I posted this , look at the M5 and see if you can find the green sto moving long, and the 8,3,3 moving short for the cross and when the 8,3,3 returns long with the green sto, wave 3 is born.................
Attached Image (click to enlarge)
Click to Enlarge Name: cross ej m1.JPG Size: 300 KB
The More You Learn, The More You Earn.....
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