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Alien's Extraterrestrial Visual Systems

  • #2,521
  • Jan 26, 2014 2:36pm Jan 26, 2014 2:36pm
Quoting peterwest
Thank you Nihilist, for this final update. My last question is just to clarify. The order of blocks from left to right: 1.: Fast stoch (8,3,3) 2.: Main stoch (21,10,10) 3.: Slow stoch (100,10,10) 4.: RSIOMA 5.: DS I hope I got the right order for blocks 4. and 5. Please confirm! Thank you

yes absolute.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,522
  • Jan 26, 2014 5:46pm Jan 26, 2014 5:46pm
Quoting rglenn
{quote} Yes focusing on a single chart is good as long as the higher time frame is going in your direction. Personally I like my trading time frame time be 15 mins or 30 mins depending on the BB squeeze and the 4hr must also be going in that direction
So do you have a fixed pair to focuss on ... or are you looking regularely at any pair on higher timeframes to find the one with the best direction ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,523
  • Jan 26, 2014 5:52pm Jan 26, 2014 5:52pm
Quoting FerruFx
{quote} So do you have a fixed pair to focuss on ... or are you looking regularely at any pair on higher timeframes to find the one with the best direction ?
Eurjpy is my favourite pair as it gives a good daily move without a big spread. I have six pairs to look at if there is no setup on Eurjpy...and yes I always check the 4hr time frame first before looking at the 15mins or 30mins.
With God its impossible to lose
  • #2,524
  • Jan 26, 2014 6:04pm Jan 26, 2014 6:04pm
Setup on GBPAUD not yet ready all though the 833 stoch has gone down short and turned long again. Need green stoch to turn back long and rsioma to go above 50 and also ADX expansion. This is beginning to happen now as I write.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudm15.png Size: 70 KB
With God its impossible to lose
  • #2,525
  • Jan 26, 2014 6:06pm Jan 26, 2014 6:06pm
Quoting rglenn
{quote} Eurjpy is my favourite pair as it gives a good daily move without a big spread. I have six pairs to look at if there is no setup on Eurjpy...and yes I always check the 4hr time frame first before looking at the 15mins or 30mins.
Thank you.
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,526
  • Edited 6:38pm Jan 26, 2014 6:28pm | Edited 6:38pm
Dear Forex Alien,

I get confused by 2 things that seem contradictory.
1) The shorter TF's are pulling the higher TF's, so we can anticipate the movements of the higher TF's by checking the lower TF's
2) Wait for all TF's to have similar ADX rising and expending or similar setups before taking a position on a lower TF's setup

Those 2 questions come to me after I tried to check where to enter trades on M1 based on M5 setups with M15 and H1 in agreement.

I get a bit confused because after seeing the signal being triggered on a M5 setup for example, I sometimes see there is no clear entry point on
M1 so I miss the entry or I get an entry very late.

I also see that when a setup is being formed on M5, I could anticipate its formation by trading of the M1 setup.

So clearly, my question is: how do you get better entries on M1 if you wait for the M5 setup to be completed? Do you then only considere fast soch 8,3,3 on M1 when it enters a new cycle in the direction of the M5 setup?

Let's look at the buy setup example below:
M5: clear buy setup on the close of the 7.30 candle, so at 7.35
M15: At 7.35, we are after the close (at 7.30) of the 7.15 candle, all indicators pointing up and ADX squeez. Buy set up on the way.
H1: at 7.35, the 7.00 candle has not closed yet. If we check the 6.00 candle, RSIOMA and slow stoch are above 80 and fast stoch ready to leave the 0-20 zone to cycle up.

M1:
- Despite a small retracement of Stoch 8,3,3, we have the buy setup after the close of the 7.30 candle, so at 7.31. At this time, the M5 setup is not completed yet because it is completed at 7.35. Shall I take the trade then and anticipate the formation of the M5 (and other higher TF's) setups?
- At 7.35, when the M5 setup is confirmed, I am a bit late for entering on M1, sometime the Adx on M1 is even heading south. Shall I then wait for the end of a retracement from the Stoch 8,3,3 and enter when it starts cycling in the direction of the M5 setup? Shall I wait for a nice new ADX rise?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd setup1.png Size: 143 KB


In this example, the pip difference on the possible entries through M1 after the M5 setup has been completed looks almost insignificant because the market did not move that much at that time. But in a fast market the difference between anticipating M5 setup by entering on a M1 setup against waiting for the M5 setup to be formed and enter on a M1 setup afterwards or on the end of a 8,3,3 stoch retracement can be a huge pips difference.

So how should I use M1 to get a better entry?

Do you wait for candle close on higher TF's before taking signals on lower TF's?

When looking for entering on M1, do you work after confirmation or on anticipation of the M5 setup? When looking for entering on M5, do you work after confirmation or on anticipation of a M15 setup?

I hope my post is understandable.

Thank you very much for reading me,

C

Attachment
  • #2,527
  • Jan 26, 2014 6:46pm Jan 26, 2014 6:46pm
Quoting rglenn
Eurjpy is my favourite pair as it gives a good daily move without a big spread. I have six pairs to look at if there is no setup on Eurjpy...and yes I always check the 4hr time frame first before looking at the 15mins or 30mins.
Are you looking at 1HR chart?
If you do you trades on M15, wouldn't be more logical to look at 1HR chart instead of 4HR?
Maintain a positive attitude no matter how much you lose!
  • #2,528
  • Jan 26, 2014 6:55pm Jan 26, 2014 6:55pm
Quoting jbegic
{quote} Are you looking at 1HR chart? If you do you trades on M15, wouldn't be more logical to look at 1HR chart instead of 4HR?
By looking at the H4, you have a better picture for the whole day.
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,529
  • Jan 26, 2014 7:11pm Jan 26, 2014 7:11pm
Quoting FerruFx
{quote} By looking at the H4, you have a better picture for the whole day.
Fair enough... thanks for the reply
Maintain a positive attitude no matter how much you lose!
  • #2,530
  • Jan 26, 2014 8:47pm Jan 26, 2014 8:47pm
Quoting FXKabab
London was poppin' all over the place today! Here were some BASIC Alien setups that would have been good for hundreds of pips in just a few hours... EURUSD 5M: BBsqueeze, ADX Powering up, Green Stoch and RSIoma above 80 with DS... {image} GBPUSD 5M: BBsqueeze, ADX Powering up, Green Stoch and RSIoma above 50 with DS leading the way... {image} USDCHF 5M: BBsqueeze, ADX Powering up, Green Stoch and RSIoma dropping below 20 with DS divergence... {image} EURJPY 5M: BBsqueeze, ADX powering up, Green Stoch and RSIoma crossing above 50 with DS... {image}...

FXKabab, is the lines that locate the bars where London open/close and Newyork open/close a session indicator?
If yes, would you mind sharing that indicator please? thanks in advance.
  • #2,531
  • Jan 26, 2014 10:26pm Jan 26, 2014 10:26pm
From a Long Interstellar Weekend.............
Attached Images
The More You Learn, The More You Earn.....
  • #2,532
  • Jan 26, 2014 10:44pm Jan 26, 2014 10:44pm
Quoting Richcom
{quote} Hi Alien, as we discuss it with yaysayer few posts ago, based on your extraterrestrial method ADX [plus BBs] contraction is #1 clue before price "explosion". I found this example where 3x stoch don't really give us any serious clue about direction [or I still can't see it, please correct me if I'm wrong] Only ADX far below 30 showed us that we can expect price "explosion" very soon. RSIoma as well was somewhere around 50 in left example and 30 in right, more or less FLAT in both examples. Only DS "ruber band" indicated possible direction:...
If the thread is reviewed...........
BBS with ALL 5 ADX expansion together, and the expansion will show you the direction of the trade is all you need, But to confirm with the Green sto direction is a plus.

The 3 windows below the charts have many little tricks to them, for now we will stay with the Basics....................

Thanks for posting........ remember price drives the indi's , not the other way around, But you can get good at reading the indi's and you can get good projections for the price action off of the indi's................
The More You Learn, The More You Earn.....
  • #2,533
  • Jan 26, 2014 10:49pm Jan 26, 2014 10:49pm
Quoting occamsrazors
I'm really liking the RSIOMA and Green Divergences especially when they come in multiples... There was one earlier on the GJ M5 and then PA revisited the same level and which then formed a Div on the M15 with a big Black Stoch Div. And also it was a double layered M15 Div as there was one two days ago on the chart. PA was struggling to go long with all those Divs... {image} {image}
Multiples are good ! the more TF's that have the same reversal type indications, the better it will dump big.................
The More You Learn, The More You Earn.....
  • #2,534
  • Jan 26, 2014 10:51pm Jan 26, 2014 10:51pm
Quoting Salgueiro
{quote} Hi Alieno What do you mean about " was trading a different system " have you an old and different system?
Alien has many ways to enter trades, you must master the one's we have now , first..............
The More You Learn, The More You Earn.....
  • #2,535
  • Jan 26, 2014 10:52pm Jan 26, 2014 10:52pm
Quoting yaysayer
Made a couple late-night entries yesterday. I got the order of proper trading mixed up though : i first had wine, and THEN started trading, "cos hey, i got this"... right.. I did have the sense to write down my reasons for each entry, and then, once i started realising what a dumbass i had been, I went in search of reasons the trade should not have been taken. Based on that i decided to close one early, and let the two others ride with SL and TP set for both. GBPNZD : i took the trade on the H1, but did follow-up on M15, so i'll show M15....
Oh My...........!
The More You Learn, The More You Earn.....
  • #2,536
  • Jan 26, 2014 10:57pm Jan 26, 2014 10:57pm
Quoting Salgueiro
Uauuuu Alieno This begins to result Gbp JpY +112 pips Eur Jpy + 96 pips Aud Usd +45 pips Thanks for sharing your amazing system! Huge Salgueiro
You are doing quite well, I am happy to see this.................!
The More You Learn, The More You Earn.....
  • #2,537
  • Jan 26, 2014 10:59pm Jan 26, 2014 10:59pm
Quoting Salgueiro
Hi Alien maybe you must have forgotten to answer me. Can you explain now the levels adx ( min. med, max ) and that number above the level 60? I'll appreciate your help. Greetings Salgueiro
I normally don't follow the levels on the ADX, only the contraction below 15 level, for the soon to follow expansion...............and pips to be made........
The More You Learn, The More You Earn.....
  • #2,538
  • Jan 26, 2014 11:00pm Jan 26, 2014 11:00pm
Quoting thomasz1
{quote} http://www.onlinetradingconcepts.com...ysis/ADX2.html but he repeats several times that he doesn't care about levels ( => levels not fixed on the chart ! ) so you can forget them if you are using his template
Thank you !
The More You Learn, The More You Earn.....
  • #2,539
  • Jan 26, 2014 11:01pm Jan 26, 2014 11:01pm
Quoting occamsrazors
{quote} This has been raised a few times...here's the link to posts of the discussion and Alien's assessment... he says either can be used but he prefers unfixed and the levels don't matter... http://www.forexfactory.com/showthre...65#post7189565
and thank you also..........!
The More You Learn, The More You Earn.....
  • #2,540
  • Jan 26, 2014 11:05pm Jan 26, 2014 11:05pm
Quoting rglenn
What we must understand with aliens system is that multiple times lining up don't happen that often. It is much better if you line up two or three lower time frames and get 20 to 40 pips maybe twice a day....that's all we need. It is easier doing this as markets keep going up and down regularly. What we need to do is focus on a trading time frame and a couple of currencies to begin with. When our bank accounts are full we can diversify ...lol! I see some people are already quietly doing this.....well done to you as you need discipline for...


Yes, this is mostly true when the pair is trending well...................

most humans don't have the patience to trade off the higher TF's, but can day trade the M5 as many are doing ...........confirm with the M1 and the M15 .....

Personally I think slow and steady is the way to go thanks for posting rglenn

Trading Forex is like going on a Date with the opposite sex, Slow is Steady, Fast is Fragile..................

How long do you want your trading account to last?
The More You Learn, The More You Earn.....
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