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  • #2,701
  • Jan 28, 2014 10:02am Jan 28, 2014 10:02am
Jurn_e,

You showed in this thread that you love scalping on lower TFs (M1/M5) ... Are you looking for confirmation on higher TFs or just trade what the small ones give you ?

I've studied little bit today the setups on M1/M5 ... and I have to say that even without looking at higher TFs, there's some great food here
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,702
  • Jan 28, 2014 10:30am Jan 28, 2014 10:30am
Quoting ntrr
hi all hope you're making green pips. Still trying to master this on higher timeframe. I have only made 1 trade since last friday. Anyway this is what I found today. GBP/JPY Long H4: ADX is expanding. Green sto seems to have found bottom and pointing up , RSIOMA and DD sto seems to have found bottom and pointing up H1: ADX is contracted about to expand. Green sto >80 , black sto ready to sling shot up, RSIOMA >80 M15: BB squeeze. ADX is expanding. GReen sto pointing up black sto is leading up, RSIOMA DDsto divergence is cooking I'm long 170.6 stop...
Keep watching the H1 and M15 for clues, this pair is kinda dead with the GU and UJ in retracement mode at this time.....
The More You Learn, The More You Earn.....
  • #2,703
  • Jan 28, 2014 10:33am Jan 28, 2014 10:33am
Quoting FerruFx
Jurn_e, You showed in this thread that you love scalping on lower TFs (M1/M5) ... Are you looking for confirmation on higher TFs or just trade what the small ones give you ? I've studied little bit today the setups on M1/M5 ... and I have to say that even without looking at higher TFs, there's some great food here
You are correct, I think she has that Market Cornered...............LOL
The More You Learn, The More You Earn.....
  • #2,704
  • Jan 28, 2014 11:06am Jan 28, 2014 11:06am
Quoting forexalien
{quote} You did good !
Game over for Shorts!

+ 120 pips

Thanks Alien and thanks to your system too!
::: Grao a Grao ... :::
  • #2,705
  • Jan 28, 2014 11:09am Jan 28, 2014 11:09am
Quoting FerruFx
Jurn_e, You showed in this thread that you love scalping on lower TFs (M1/M5) ... Are you looking for confirmation on higher TFs or just trade what the small ones give you ? I've studied little bit today the setups on M1/M5 ... and I have to say that even without looking at higher TFs, there's some great food here
Hi,

My current screen has three timeframes, u can refer to my chart posted during London session.
H1 chart is for me to see the bigger picture and check whether there is any TMA H1 or H4 border nearby.
In my opinion, I would say all my trades entered are just based on M1 and M5 only.
I will look for confirmation in these 2 timeframes before I enter.
For example if I enter in M1, my M5 stochastic and RSI and kumo must be in alignment.
Vice versa for entry in M5.
One of my favorite setup is when entry in M5, the Adx of M1 is still expanding.
And also by adding Kumo in M1 and M5, I can somewhat trade in a more predictable manner without looking at higher tf.

It's actually my weakness that I cannot master the higher timeframes like Alien that made me trade in M1 and M5.
EJ and GU so far is giving good pips with Alien's system.
The most important trigger for me is Adx, without ADX expand I will not enter at all.
Pivot Boss in the making~
  • #2,706
  • Jan 28, 2014 11:21am Jan 28, 2014 11:21am
I have a question abouyt this adx 144/89 expansion from contraction
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happening on m1 while price does nothing, is there any insight to be gained from that??
  • #2,707
  • Jan 28, 2014 11:25am Jan 28, 2014 11:25am
Quoting Salgueiro
{quote} Game over for Shorts! + 120 pips Thanks Alien and thanks to your system too!
I am glad you are having success with it !

Alien only spends a couple three hours a day trading, mostly swing trading with smaller targets.

1276 pips so far this month and the month is not over yet.

That would equal $ 127 on a micro account, $ 1276 on a Mini account, and $ 12,760 using standard contracts.....................

Food for thought...............
The More You Learn, The More You Earn.....
  • #2,708
  • Jan 28, 2014 11:27am Jan 28, 2014 11:27am
Quoting jurn_e
{quote} Hi, My current screen has three timeframes, u can refer to my chart posted during London session. H1 chart is for me to see the bigger picture and check whether there is any TMA H1 or H4 border nearby. In my opinion, I would say all my trades entered are just based on M1 and M5 only. I will look for confirmation in these 2 timeframes before I enter. For example if I enter in M1, my M5 stochastic and RSI and kumo must be in alignment. Vice versa for entry in M5. One of my favorite setup is when entry in M5, the Adx of M1 is still expanding....
Good Girl......> The most important trigger for me is Adx, without ADX expand I will not enter at all.
The More You Learn, The More You Earn.....
  • #2,709
  • Jan 28, 2014 11:29am Jan 28, 2014 11:29am
Quoting forexalien
{quote} If you have ADX compression on a few time frames together along with some BBS, yes, something big will show up soon. Follow the other indi's to keep you on the right side of the trade , either the RSIoma or the Green Sto.........above 50 or below 50 for buy and sell
Quoting FerruFx
{quote} You showed in this thread that you
love
scalping on lower TFs (M1/M5) ... Are you looking for confirmation on higher TFs or just trade what the small ones give you ? I've...


Dear forexalien, thank you for your reply.

Dear FerruFx and dear all, please find below some of today's M5 setups, that, if my understanding is correct, fulfill Alien's sytsem conditions for trade entries.

So basically, wait for bbsqueez and ADX compression on M15, M5, M1 and for same direction for all the indicators. H1 must confirm the direction as well- possible confirmation only by stoch 8,3,3 heading in the right direction- not completely sure about that, Alien will have to confirm if it is acceptable or not- ?.
As soon as M1 ADX expends in right order and that the other indicators are in place confirming the direction, enter the trade from M1. Stay in the trade until ADX 7, 13 (that I added in red here) and eventually 21 start heading south from M5 setup. Possibility here to close half of the position and close second half when ADX 7, 13, and eventually 21 head south from M15 chart.

Please Alien, correct me if this is complet non sens or very unsafe entries according to your system and experience.

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  • #2,710
  • Jan 28, 2014 11:35am Jan 28, 2014 11:35am
Quoting jeffmichaels
I have a question abouyt this adx 144/89 expansion from contraction{image} happening on m1 while price does nothing, is there any insight to be gained from that??
My thoughts on this are as follows ( and I don't really have any way of proving this ),

The market is slow, London just closed, But I feel there is a Building Interest going on, like an increase in volume, but the true direction has not shown it's self yet. But now it has...

I believe there is some form of Market manipulation out there, and is shows up in the indicators once in a great while.............Alien

So if you revisit the chart again you can see it is slowly wanting to drop some more................

The M5 is already short also..........ADX all 5
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The More You Learn, The More You Earn.....
  • #2,711
  • Jan 28, 2014 11:39am Jan 28, 2014 11:39am
The market is taking a break now

better not to open any trade
::: Grao a Grao ... :::
  • #2,712
  • Jan 28, 2014 11:41am Jan 28, 2014 11:41am
Quoting Salgueiro
The market is taking a break now better not to open any trade
Just opened this AUDUSD, and thanks alien for that explanation! keeping an eye on it also

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  • #2,713
  • Jan 28, 2014 11:48am Jan 28, 2014 11:48am
Quoting Carlton
{quote} {quote} Dear forexalien, thank you for your reply. Dear FerruFx and dear all, please find below some of today's M5 setups, that, if my understanding is correct, fulfill Alien's sytsem conditions for trade entries. So basically, wait for bbsqueez and ADX compression on M15, M5, M1 and for same direction for all the indicators. H1 must confirm the direction as well- possible confirmation only by stoch 8,3,3 heading in the right direction- not completely sure about that, Alien will have to confirm if it is acceptable or not- ?. As soon as M1...
AUDCAD was already trending , went into a BBS and continued with ADX expansion - wait for all 5 speeds to become alive, you could jump in without the 144 , but then you have a GRADE "A-" trade then.

GBPAUD , looks good when all 3 TF's ADX come alive together...........

GBPJPY, yes again.........

yes on the next 2

the USDCAD you would have been in a bit early and the M15 was not as strong of a contraction , but the M5 was good..........

Use the DS return with the expanding adx and you have great entries, simple yes?
The More You Learn, The More You Earn.....
  • #2,714
  • Jan 28, 2014 11:50am Jan 28, 2014 11:50am
Quoting Salgueiro
The market is taking a break now better not to open any trade
Salgueiro, you are starting to sound like a semi pro at this now..............!
The More You Learn, The More You Earn.....
  • #2,715
  • Jan 28, 2014 11:53am Jan 28, 2014 11:53am
Quoting jeffmichaels
{quote} Just opened this AUDUSD, and thanks alien for that explanation! keeping an eye on it also {image}
Looks good................

The daily is near a bottom and the H4 may retrace lower in time to test the bottom, but soon we will have nothing but Long trades on the AU until proven different...............
The More You Learn, The More You Earn.....
  • #2,716
  • Jan 28, 2014 11:54am Jan 28, 2014 11:54am
Quoting forexalien
{quote} I am glad you are having success with it ! Alien only spends a couple three hours a day trading, mostly swing trading with smaller targets. 1276 pips so far this month and the month is not over yet. That would equal $ 127 on a micro account, $ 1276 on a Mini account, and $ 12,760 using standard contracts..................... Food for thought...............
Market Mastery at extraterrestrial level.
Pivot Boss in the making~
  • #2,717
  • Jan 28, 2014 11:55am Jan 28, 2014 11:55am
Lunch Time.............

Inserted Video
The More You Learn, The More You Earn.....
  • #2,718
  • Jan 28, 2014 12:01pm Jan 28, 2014 12:01pm
Quoting jeffmichaels
I have a question abouyt this adx 144/89 expansion from contraction{image} happening on m1 while price does nothing, is there any insight to be gained from that??
And to continue following your thoughts....................

M5 is nearing a bottom for now , but the m15, H1 and H4 all show further downside until proven different..............
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The More You Learn, The More You Earn.....
  • #2,719
  • Jan 28, 2014 12:06pm Jan 28, 2014 12:06pm
Quoting jeffmichaels
I have a question abouyt this adx 144/89 expansion from contraction{image} happening on m1 while price does nothing, is there any insight to be gained from that??
During this ranging area, the market is picking up lost souls before it continues down some more....................

ADX expansion keeps us from being one of those Lost souls...........................
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The More You Learn, The More You Earn.....
  • #2,720
  • Jan 28, 2014 12:06pm Jan 28, 2014 12:06pm
Quoting forexalien
{quote} And to continue following your thoughts.................... {image}
Thanks again alien, also got long USDCAD when slow stoch crossed 50 and others pointing long, at the redline. May have been early, but a cross looks to be froming on m5 if the fast stoch bounces and pulls medium back up staying over 50

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