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Alien's Extraterrestrial Visual Systems

  • #3,921
  • Feb 6, 2014 7:25pm Feb 6, 2014 7:25pm
Quoting teton
Also watching the DS on the E/U M15... if the M5 ADX starts to rise Im thinking of entering there as well Earlier there was a DS divergance on the M5 but no ADX expantion and didnt go anywhere... {image}
this pair is not going anywhere
Maintain a positive attitude no matter how much you lose!
  • #3,922
  • Feb 6, 2014 8:03pm Feb 6, 2014 8:03pm
Quoting teton
{quote} Ive been watching that one since this morning as well, I did start to enter a couple positions but I thought it was too soon, seems to be paying off well. Im going to enter more on 8,3,3 pull backs and green stoch cross {image}
Looks like bearish divergence. Aud/Nzd H1. Also bearish on Monthly and weekly . Daily i think is mixed. If anything i think i would start to look for places to short. Not sure Alien would know.
Attached Image
  • #3,923
  • Feb 6, 2014 8:07pm Feb 6, 2014 8:07pm
HEY TETON
I READ SOMWHERE ABOUT FOREX THAT THE MARKET WANT'S YOU TO SUCCEED IT WILL WAIT AND IT WILL COME BACK FOR YOU TO PICK YOU UP NO NEED TO RUSH
YOU SAY YOU'RE WAITING FOR ADX
I DON'T UNDERSTAN'D ADX INDI WHICH I THINK IT'S THE BIGGES;T QUESTION MARK ON THIS THREAD
I HAVE IT ON MY SCREEN BUT I DONT USE IT
ALIEN'S ENTRY STARTS WITS bbs AND ADX EXP (AND DIRECTION'S OF THE REST)
personally I SEE BBS NO PROBLEM BUT ADX I DONT UNDERSTAND
READING THRU THIS THREAD SEEMS TO ME LIKE
ADX IS THE BIGGEST QUESTION MARK
ALSO FOR NEW TRADER'S I RECOMMEND LEARNING ABOUT PRICE ACTION (SUPPORT/RESISTANCE) HIGH LOW DOUBLE BOTTOM HEAD AND SHOULDER'S
AND ONLY THEN APPLY A SYSTEM TO CONFIRM YOUR THEORY
AS FAR AS I'M CONCERNED.
EVERY SYSTEM WORKS WHEATHER IT'S MACD OR STOCH OR RSI OR BASIC PRICE ACTION
PROBLEM IS!!!!!!
YOU'RE LOOKING AT TOO MANY CURRENCIE'S AT ONCE
CHOOSE 2
UNDERSTAND HOW THEY BEHAVE (EUR/USD BEHAVE'S DIFFERENTLY FROM GBP/JPY)
CHOOSE TWO PAIR'S AND START SPLITTING YOUR SCREEN INTO SECTIONS D1 H4 H1 AND KEEP OBSERVING JUST THOSE TWO PAIR'S (2 PAIR'S IS PLENTY TO MAKE MONEY)THAT WAY YOU CAN TAKE A BRAKE AND COME BACK IN THREE HOURS AND CONFIRM WHAT YOU WERE READY FOR ...
THAT WAY IF YOU HAVE BASIC KNOWLEDGE OF PRICE ACTION AND YOU SYSTEM CONFIR'S YOUR ENTRY !!!! YOU WILL NOT SWEAT BULLET'S EVERY TIME YOU PULL THE TRIGGER!!!!
ALIEN'S MOTTO THE MORE YOU LEARN THE MORE YOU EARN
SONG OF THE WEEK
BARRY WHITE NEVER GONNA GIVE YOU UP (I LOVE YOU FOREX)
  • #3,924
  • Feb 6, 2014 8:42pm Feb 6, 2014 8:42pm
ALSO I BELIEVE IT WOULD BE VERY PRODUCTIVE IF ALIEN OR SOMEONE OF THE SAME SKILL LEVEL WOULD CALL A TRADE
FOR EXAMPLE
usd/jpy
DAILY : SHORT
4H SHORT (D STOCH TOUCHING 80% ABOUT TO GO DOWN)
1H EVERYTHING POINTING DOWN AND PRICE HIT RESISTANCE
ENTER SELL AT 102.00 (PRICE HIT RESISTANCE)
OPEN TWO LOT'S SHORT
YOUR STOP LOSS CAN BE MINIMUM CAUSE IF YOU LOOK AT THE 1H CHART PRICE IS HITTING RESISTANCE
FIRST TAKE PROFIT IS 100.869
YOU LET THE SECOND TRADE RUN
  • #3,925
  • Feb 6, 2014 8:58pm Feb 6, 2014 8:58pm
My trade above on usd/jpy is based on price action
alien's system only confirm's that my thinking is correct and gives me confidence to go short with a bigger budget
  • #3,926
  • Feb 6, 2014 10:07pm Feb 6, 2014 10:07pm
UPDATE USD/JPY H1 CHART SHORT
101.38 IT WILL MEET RESISTANCE AROUND LONDON OPEN and it will drop a little bit more before if goes back up and then drop again for the big pips
  • #3,927
  • Feb 6, 2014 10:23pm Feb 6, 2014 10:23pm
EJ M15
and USDCHF M30
is that ok to trade ?
  • #3,928
  • Feb 6, 2014 10:39pm Feb 6, 2014 10:39pm
Yesterday was slow day for me. Only 1 EJ trade in M5 for 10 +pips.
Will not be trading today due to NFP
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-07_1236.png Size: 75 KB
Pivot Boss in the making~
  • #3,929
  • Feb 6, 2014 11:53pm Feb 6, 2014 11:53pm
Quoting wireash
UPDATE USD/JPY H1 CHART SHORT 101.38 IT WILL MEET RESISTANCE AROUND LONDON OPEN and it will drop a little bit more before if goes back up and then drop again for the big pips
UJ will going nowhere until NFP
  • #3,930
  • Feb 7, 2014 12:26am Feb 7, 2014 12:26am
Quoting wireash
UPDATE USD/JPY H1 CHART SHORT 101.38 IT WILL MEET RESISTANCE AROUND LONDON OPEN and it will drop a little bit more before if goes back up and then drop again for the big pips
everything is there long... what makes you feel short???
Journey is more important than destination
  • #3,931
  • Feb 7, 2014 12:56am Feb 7, 2014 12:56am
GU ... lower TF is long but higher TF is Short. DSS setting for short is in progress on H4.
What is your opinion, guys?
thanks
  • #3,932
  • Edited 1:30am Feb 7, 2014 1:26am | Edited 1:30am
Quoting shtfxx
GU ... lower TF is long but higher TF is Short. DSS setting for short is in progress on H4. What is your opinion, guys? thanks
Exactly what you said. H1 is long with expanding ADX so until the lower TFs give a sign it's going short e.g. a Divergence etc and the H4 DS is closer to rolling over it's considered long. The lower TFs will lead the way if/when the H4 DS short is going to come into play.

[Edit: I should say that the its only the lower two H1 ADXs that have expanded long, so its not a full ADX expansion on H1 at the moment, and there is now a BBSq H1 which may stall the long move]
  • #3,933
  • Feb 7, 2014 1:33am Feb 7, 2014 1:33am
tradebola I respect your comment's
I respect your knowledge
just as much as I respect alien and ferrux
what I don't understand is ADX !!!
I think it's the biggest problem, that people are having with this system
ADX expansion
I simply don't look at ADX at all (because I don't understand it)
what I learned so far is :
bigger charts pointing down
I go to lower timeframe
when 15m is at the top color stoch) I sell
sell sell sell
yeah I entered a trade
  • #3,934
  • Feb 7, 2014 1:42am Feb 7, 2014 1:42am
Quoting wireash
... what I don't understand is ADX !!!
ADX is the most important thing in this trading setup ... and the simpliest to understand.

That's all visual. Compression (all 5 are falling) means that market lost its momentum. In other words it is resting. Expansion (all 5 are rising) means that market is gaining momentum.

The way we are looking at the expansion is that it must be after a nice compression.

And important thing to not forget, ADX direction (up/down) isn't telling the price direction.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,935
  • Feb 7, 2014 1:44am Feb 7, 2014 1:44am
tradebola!
usd/jpy is hitting resistance it will go short
MY strategy is:
price action touching resistance
h1 everything is max. (on top) safe bet it will go short ggoooo with the trend and use indicator's tooooo confirm you'r knowledge
  • #3,936
  • Feb 7, 2014 2:04am Feb 7, 2014 2:04am
Quoting FerruFx
{quote} ADX is the most important thing in this trading setup ... and the simpliest to understand. That's all visual. Compression (all 5 are falling) means that market lost its momentum. In other words it is resting. Expansion (all 5 are rising) means that market is gaining momentum. The way we are looking at the expansion is that it must be after a nice compression. And important thing to not forget, ADX direction (up/down) isn't telling the price direction.
Like +1
Pivot Boss in the making~
  • #3,937
  • Feb 7, 2014 2:11am Feb 7, 2014 2:11am
Quoting FerruFx
{quote} ADX is the most important thing in this trading setup ... and the simpliest to understand. That's all visual. Compression (all 5 are falling) means that market lost its momentum. In other words it is resting. Expansion (all 5 are rising) means that market is gaining momentum. The way we are looking at the expansion is that it must be after a nice compression. And important thing to not forget, ADX direction (up/down) isn't telling the price direction.
Thank you FerruFx for this explanation.

Tusco
  • #3,938
  • Feb 7, 2014 2:14am Feb 7, 2014 2:14am
Hi

Couldn't resist to trade. Enter with a quarter of normal lotsize.

Long GU in M5. Entry in M5 signal, M1 stoch, ADX expansion and RSIOMA healthy during entry. Exit at TMA M15 for 19pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-07_1610.png Size: 46 KB
Pivot Boss in the making~
  • #3,939
  • Feb 7, 2014 2:40am Feb 7, 2014 2:40am
Quoting wireash
tradebola! usd/jpy is hitting resistance it will go short MY strategy is: price action touching resistance h1 everything is max. (on top) safe bet it will go short ggoooo with the trend and use indicator's tooooo confirm you'r knowledge
I respect your trade dude. I was just asking what makes you feel short? because we are here to share...
Journey is more important than destination
  • #3,940
  • Feb 7, 2014 2:41am Feb 7, 2014 2:41am
Quoting FerruFx
{quote} ADX is the most important thing in this trading setup ... and the simpliest to understand. That's all visual. Compression (all 5 are falling) means that market lost its momentum. In other words it is resting. Expansion (all 5 are rising) means that market is gaining momentum. The way we are looking at the expansion is that it must be after a nice compression. And important thing to not forget, ADX direction (up/down) isn't telling the price direction.
simple-perfect explanation
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