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  • #3,461
  • Feb 3, 2014 4:10pm Feb 3, 2014 4:10pm
Quoting jeffmichaels
This looks 100% short with ADX momentum on all but M1 & D1 TF, Go short when M1 turns short again I would think. EDIT Forgot to mark RSIOMA but its pretty short looking too, {image}
For a quick M5/M1 trade would be OK I think...
IMO opinion would be little risky since M15, H1, H4 DDS is all the way at the bottom. I could be wrong as I am still learning this system too.
I took a trade b4 to similar setup and of course I lost some pips that's why I am cautious
Maintain a positive attitude no matter how much you lose!
  • #3,462
  • Feb 3, 2014 4:15pm Feb 3, 2014 4:15pm
Quoting jeffmichaels
I'm looking at entering this short now from M15, might put in a limit for following scenario before hitting the sack. TP at the 136 round number {image}
Did you take the trade? Don't you want Green Stoc. to point down on M15 and M5 and have M1 to align with it before the you take it?
Maintain a positive attitude no matter how much you lose!
  • #3,463
  • Feb 3, 2014 4:56pm Feb 3, 2014 4:56pm
Completely rewritten version of ADX Slope ... no more 1 bar delay.

Thanks FerruFx for your tip
Attached File(s)
File Type: mq4 ADX Slope New.mq4   4 KB | 982 downloads
the market is not random but anything can happen.
  • #3,464
  • Feb 3, 2014 5:00pm Feb 3, 2014 5:00pm
Quoting vspatrick
Completely rewritten version of ADX Slope ... no more 1 bar delay. Thanks FerruFx for your tip {file}
Thanks vspatrick for quoting that post, it slipped by me & Ferru for the link
  • #3,465
  • Feb 3, 2014 5:03pm Feb 3, 2014 5:03pm
Quoting -Dagobert-
{quote} Thanks Jeff! Very great work... Green pips for you! Thx
Your welcome, use the ADX slope version from vspatrick post above courtesy of Ferru, and Alien obviously
  • #3,466
  • Feb 3, 2014 5:13pm Feb 3, 2014 5:13pm
Quoting jbegic
{quote} Did you take the trade? Don't you want Green Stoc. to point down on M15 and M5 and have M1 to align with it before the you take it?
No not taking it, gonna hit the sack for the London session. M15 DS Set-up though IMO, still could reach that trendline first but I feel pretty confident it will at least test lows again.

Either yellow or blue scenario short i feel, look at ADX144 may not have been rising all the time but still is from a good move strong

EDIT: Most likely blue I reckon thinking of Alien's comment on DS being headfake for lost souls
Attached Image (click to enlarge)
Click to Enlarge Name: 140204 EURJPY 0005.png Size: 78 KB
  • #3,467
  • Feb 3, 2014 5:13pm Feb 3, 2014 5:13pm
Quoting -Dagobert-
{quote} Thanks Jeff! Very great work... Green pips for you! Thx
Very much Appriciated
Live today like theres no tomorrow-- Prioritize like you will die today
  • #3,468
  • Feb 3, 2014 5:19pm Feb 3, 2014 5:19pm
Quoting forexalien
{quote} Well the GBPUSD M5 DS trade is not working out as planned , first time in 8 months for me , But Alien can't get them all, London has lots of money. But I expect this to at least retest it lows again................as you can see PA is not going long very fast..........we are in a retracement wave on the M15 Yes a possible DS trade is showing it's face on the GBPUSD on the M15, so price might inch up a bit more for this setup, and the H4 is short.............
Dear Sensei Alien,

I have been following the GBPUSD M5 setup live with you. It is been great to be in your thinking process live.
I actually entered this trade once RSIoma M1 crossed 50 with ADX momentum, before the DS M5 crossed. I was following your advice of anticipating, that lower TF pull higher TF. And the DS M5 did cross.
Just after entering the trade, I read your post where your mention " wait for confirmation 1 or 2 candles after M5 DS cross". I got surprized since I was thinking: momentum on M1 and RSIoma crossing 50, this should push the price down and hence force the DS M5 cross.
I ended up with a small loss (6 pips). I closed the trade once I saw it would not work out.

So I have a couple of questions again.
1) I see from all your examples that you sometimes anticipate a move on a higher TF from a lower TF analysis. But that sometimes you enter on a lower TF when a setup is already confirmed on a higher TF. Is there some reasons that sometimes you follow the higher TF, sometime you anticipate its move? Why do you sometime wait for confirmation, sometime anticipate?
2) hence my second question: how to be sure you identified a top/bottom by looking at lower TF. I know you showed it many times, but I would really appreciate one more explanation
3)Same for how to identify fake outs?

Sorry for asking you to repeat things you already explained.
I would be really gratefull if you could elaborate on those questions and bring light in my mind.

Thank you,

C
  • #3,469
  • Feb 3, 2014 5:28pm Feb 3, 2014 5:28pm
Quoting iamsovereign
{quote} Very much Appriciated
Thanks you too, but let's make sure the credits go to Alien, all I really did was change a parameter for display to NULL , quite literally.
  • #3,470
  • Feb 3, 2014 5:38pm Feb 3, 2014 5:38pm
Quoting forexalien
{quote} Well the GBPUSD M5 DS trade is not working out as planned , first time in 8 months for me , But Alien can't get them all, London has lots of money. But I expect this to at least retest it lows again................as you can see PA is not going long very fast..........we are in a retracement wave on the M15 Yes a possible DS trade is showing it's face on the GBPUSD on the M15, so price might inch up a bit more for this setup, and the H4 is short.............
Sorry to all , I had to bug out before the move downward took place, but we knew it was coming and I was not able to finish the step by step calls as I was doing this morning.........
The More You Learn, The More You Earn.....
  • #3,471
  • Feb 3, 2014 5:45pm Feb 3, 2014 5:45pm
Quoting longfellow
{quote} Do you get into trade before any ADX expansion? It looks like it from this post.
Alien see's things he has not taught yet, There are other swing entries to be had, because I do not sit in front of the computer all day, knowing the GBPUSD was coming down on the H4 and I had to be transported to another place,
I was selling on the way up, but, I do not recommend this to humans yet , not without lots of practice, we will get there in time...........
The More You Learn, The More You Earn.....
  • #3,472
  • Feb 3, 2014 5:45pm Feb 3, 2014 5:45pm
Quoting shaan
{quote} It appears from the chart that you start taking multiple small positions when you see the DDS divergence from RSIOMA towards the higher frame RSIOMA.
Answered that on the post above..............
The More You Learn, The More You Earn.....
  • #3,473
  • Feb 3, 2014 5:50pm Feb 3, 2014 5:50pm
Quoting St3ve
{quote} alien, I know you do not like / use fib retracements, but this is a perfect example PA failed a few times to break through the 23.6 fib retracement level. Finally, PA made it through this level (thanks to US ISM data miss) and was stopped again at the 38.2 level - exactly to the point! From there, PA made its way like you have predicted ;-) {image}
I used to use the Fibs, but I didn't get enough regular consistency to the levels they hit. The stochastics and RSIoma give me plenty of levels ............

But thanks for posting , I do pull them once in a while on the larger TF's..........
The More You Learn, The More You Earn.....
  • #3,474
  • Feb 3, 2014 5:53pm Feb 3, 2014 5:53pm
Quoting kore2
{quote} I`ve got it. Then I have to say that I have 300 % win rate myself as well. It`s still my problem with alien method (and any other strategies) to let winners run and to cut loosers.
You guys are good ! my win rate is only around 92 -93 %.........LOL

I did not know you could go past 100% .................LOL
The More You Learn, The More You Earn.....
  • #3,475
  • Feb 3, 2014 5:55pm Feb 3, 2014 5:55pm
Quoting jbegic
This probably has been answered already before (maybe I just don't remember). Let's say I have entered based on DDS Divergence on H1 (see the blue line cross) but using lower time frames to confirm the entry. I know that Alien has mentioned that exit is when 89 and or 144 ADX looses is power. My question is, would this be on H1 time frame or lower? {image}
It would be on the lower TF's that you entered on, the lower ones show the move, and the H1 just gave you the idea to look for the trade setting up........
The More You Learn, The More You Earn.....
  • #3,476
  • Feb 3, 2014 6:02pm Feb 3, 2014 6:02pm
Quoting forexalien
It would be on the lower TF's that you entered on, the lower ones show the move, and the H1 just gave you the idea to look for the trade setting up........
Thank you... I keep getting "stuck" on decision whether I should exit or stay in... I do however lock in small pips in case of emergency but could never take full potential of given pips. Like for example today I took a sell trade on AUDCAD and was up 16 pips, unfortunately took only 2 pip profit because my struggle with exit strategy
Well... I guess practice makes a difference
Maintain a positive attitude no matter how much you lose!
  • #3,477
  • Edited 7:45pm Feb 3, 2014 6:02pm | Edited 7:45pm
Quoting jbegic
I think EURJPY has reached the bottom on all time frames... we should start looking for possible up trend? {image}
EURJPY

Keep your eyes on the M15 and watch it cycle long and then back down and see if Price starts to hold with a higher Low..............
The More You Learn, The More You Earn.....
  • #3,478
  • Feb 3, 2014 6:04pm Feb 3, 2014 6:04pm
Quoting jeffmichaels
{quote} This looks 100% short with ADX momentum on all but M1 & D1 TF, Go short when M1 turns short again I would think. EDIT Forgot to mark RSIOMA but its pretty short looking too, {image}
Yes , we need for the ADX's short to go mixed and wait some more for signs of life to the long side.

Remember all those RSIoma's are short right now and can stay there for a long time , wait for some of them to break the 50 line long.............
The More You Learn, The More You Earn.....
  • #3,479
  • Feb 3, 2014 6:07pm Feb 3, 2014 6:07pm
Quoting vspatrick
Completely rewritten version of ADX Slope ... no more 1 bar delay. Thanks FerruFx for your tip {file}

Great job!
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,480
  • Feb 3, 2014 6:32pm Feb 3, 2014 6:32pm
Quoting forexalien
{quote} When the M5 green sto turns down, this should be the start of the DS trade short............. See all the time you have while the trade sets up, you humans need to learn patience and to not over trade, it is tough to teach this to yourself.............
News or not , this trade was going to top out and make a move downward.

Study today's chart, and see that when the ADX is scrambled, and the DS looked to be a DS trade, it held there until is met up with the RSIoma and the stochs topped out and the green sto moved down with great angle, along with the other indi's...........

We will take trade by trade in the future, and learn from each one, this will strengthen your confidence and make you lose your fears.............
Attached Image (click to enlarge)
Click to Enlarge Name: GU move.JPG Size: 291 KB
The More You Learn, The More You Earn.....
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