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Alien's Extraterrestrial Visual Systems

  • #4,681
  • Feb 18, 2014 3:24pm Feb 18, 2014 3:24pm
Quoting forexalien
EU M15 has a DS trade setting up, H1 and H4 are both long , this is good ....! watch lower TF's for a good entry............... {image}
This is a good example of wave trading where the H1 and H4 are both long, and you wait for the M15 wave to bottom, which is the DS bottom, and then when the DS turns long, this is your next wave that is pushing the H1 and H4 longer still..............not till tonight 2 to 4 hours might this take off..................
Attached Image (click to enlarge)
Click to Enlarge Name: eu ds trade.JPG Size: 197 KB
The More You Learn, The More You Earn.....
  • #4,682
  • Feb 18, 2014 3:46pm Feb 18, 2014 3:46pm
Doing some chart review to prepare for tonight. I saw the EurUsd looking good as well as ChfJpy. The 4h and 1h would also confirm a potential buy. There's also a near identical set up on EurJpy, but that has been covered earlier today.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpym15.png Size: 64 KB
The pips are out there
  • #4,683
  • Feb 18, 2014 3:50pm Feb 18, 2014 3:50pm
Quoting forexalien
{quote} This is a good example of wave trading where the H1 and H4 are both long, and you wait for the M15 wave to bottom, which is the DS bottom, and then when the DS turns long, this is your next wave that is pushing the H1 and H4 longer still..............not till tonight 2 to 4 hours might this take off.................. {image}
Nice example master Alien...will put that in my memory bank for future use
With God its impossible to lose
  • #4,684
  • Feb 18, 2014 3:53pm Feb 18, 2014 3:53pm
Quoting forexalien
EU M15 has a DS trade setting up, H1 and H4 are both long , this is good ....! watch lower TF's for a good entry............... {image}
Also the same setup on correlated pair USDCHF M15.
Work smarter,not harder
  • #4,685
  • Feb 18, 2014 4:20pm Feb 18, 2014 4:20pm
Quoting forexalien
{quote} This is a good example of wave trading where the H1 and H4 are both long, and you wait for the M15 wave to bottom, which is the DS bottom, and then when the DS turns long, this is your next wave that is pushing the H1 and H4 longer still..............not till tonight 2 to 4 hours might this take off.................. {image}
Im off to bed i an few so i took 2 overnight positions in that EU setup as follows
Attached Image (click to enlarge)
Click to Enlarge Name: 140218 EURUSD 2318.png Size: 103 KB
  • #4,686
  • Feb 18, 2014 4:41pm Feb 18, 2014 4:41pm
Quoting Fox Mulder
Doing some chart review to prepare for tonight. I saw the EurUsd looking good as well as ChfJpy. The 4h and 1h would also confirm a potential buy. There's also a near identical set up on EurJpy, but that has been covered earlier today. {image}
Looks Good , the BBS and the green sto going long are also important...........
The More You Learn, The More You Earn.....
  • #4,687
  • Feb 18, 2014 4:56pm Feb 18, 2014 4:56pm
Quoting forexalien
{quote} This is a good example of wave trading where the H1 and H4 are both long, and you wait for the M15 wave to bottom, which is the DS bottom, and then when the DS turns long, this is your next wave that is pushing the H1 and H4 longer still..............not till tonight 2 to 4 hours might this take off.................. {image}
Expecting gap on N225. I have already bought the choppy woman
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #4,688
  • Feb 18, 2014 5:16pm Feb 18, 2014 5:16pm
Quoting ShepherdL
Hi Guys, As said before, I have been following Alien's posts in the other thread called Euro Yen Institue for one year long. And I have witnessed Alien projected the markets many many times, more than any other master traders in that thread. This system is one of the best systems in FF. And Alien is one of the best traders. But here is my problem, even with this greatest system, I did not make a lot of pips but only a few. Alien can double his accounts in 3 1/2 weeks or make 77% in one month, but I only earned 5% in two weeks with inenough confidence...

I'd like to respond to your message.

The system itself is excellent. When analysed "properly" a trader has a huge edge over conventional methods. The main problem that I personally was having and still have is the fact I try to pre-empt the move. Impatience is the killer here. Taking a trade before the all the right signals significantly reduces your overall success rate and profit. Its a compulsion I need to break as many times I will quickly go in thinking I am smarter than the average bear with my Alien Forex system and then realise my mistake and exit out. The trouble is money is lossed due to transaction costs as well as loss of confidence. Psychology is still my number one stumbling block and something I am still mastering.

What has helped me.

This thread of course, but also studying the examples from the very top being M and Weekly all the way down to the minute. Looking at the indicators each one of them on each time frame. Their relationship to the other indicators. How price is behaving even when the indicator is contradicting the price at that point in time. The way the news affects the price and the trend direction. In other words study the pair in depth. You will soon understand the way the indicators turn over time. As you begin to understand how it does work, you must then trade according to the rules and don't try to preempt. Over time confidence will build up.

I have been reading this thread since early January and initially it was tough, but my understanding and confidence has improved greatly. I forgot to mention you are having mixed results, you must always be trading on DEMO and at most micro lots. My intentions are once I master myself, I can then slowly increase lots size.

I'd also like to agree with FXkabab. You need strict moneymanagement skills. If you have a setup that is correct go in with a multiple size. Take 1/2 out at an achievable Support or Resistance zone. You may not have got the 100-200 pip out of the balll park daily move, but at least you have secured pips, made money and can then enjoy the show with the 1/2 still in. Adjust your S/L when neccessary but since you have already made a little, you can keep it loose, especially if it really has taken off in your direction. That trade may well have been the pivot point and you just nailed it.

Trading rules still apply. Buy at support, sell at resistance. Never let a winner turn into a loser. No revenge trading. still look for good Risk reward ratio with respect to Support and resistance. No ego. Always be on the lookout for trendless ranges- if you try to trade them they will fast drain your money- suck the life out of you and ruin your confidence.

I personally wouldn't worry about other peoples success. Everyone has their own journey. Its up to you alone and more time spent studying the system and mastering yourself will do you better than comparing and lamenting.

Positive pips to you.
"It's life, Jim, but not as we know it."
  • #4,689
  • Feb 18, 2014 5:17pm Feb 18, 2014 5:17pm
Quoting Mafia
{quote} Expecting gap on N225. I have already bought the choppy woman
The Choppy Woman.........
Attached Image (click to enlarge)
Click to Enlarge Name: choppy woman.JPG Size: 117 KB
The More You Learn, The More You Earn.....
  • #4,690
  • Feb 18, 2014 5:17pm Feb 18, 2014 5:17pm
Hey, long time no see alien, mafia. I havent posted in a little bit, but thought i might share my analysis. Sorry its not the alieno system, if you want me to remove this just ask.
Attached Image (click to enlarge)
Click to Enlarge Name: 02-18 eurusd 4h.png Size: 315 KB
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #4,691
  • Feb 18, 2014 5:24pm Feb 18, 2014 5:24pm
News in 5 minute on the AUD

5:30pmAUDMI Leading Index m/m
The More You Learn, The More You Earn.....
  • #4,692
  • Feb 18, 2014 5:26pm Feb 18, 2014 5:26pm
Quoting guymontag
{quote} I'd like to respond to your message. The system itself is excellent. When analysed "properly" a trader has a huge edge over conventional methods. The main problem that I personally was having and still have is the fact I try to pre-empt the move. Impatience is the killer here. Taking a trade before the all the right signals significantly reduces your overall success rate and profit. Its a compulsion I need to break as many times I will quickly go in thinking I am smarter than the average bear with my Alien Forex system and then realise my...
Nice read well done, might I add, your support and Resistance areas are the areas where the PA is resting before continuing again..............
The More You Learn, The More You Earn.....
  • #4,693
  • Feb 18, 2014 5:27pm Feb 18, 2014 5:27pm
Quoting forexalien
{quote} The Choppy Woman......... {image}
wow... you got a variety, which one you like the most
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #4,694
  • Feb 18, 2014 5:29pm Feb 18, 2014 5:29pm
Quoting saoldric
Hey, long time no see alien, mafia. I havent posted in a little bit, but thought i might share my analysis. Sorry its not the alieno system, if you want me to remove this just ask. {image}
Welcome saoldric,

Thanks for posting , but us Alieno's can only read Alien if you know what I mean .........you can leave the post , but you must turn Alien soon............LOL
Attached Image
The More You Learn, The More You Earn.....
  • #4,695
  • Feb 18, 2014 5:30pm Feb 18, 2014 5:30pm
Quoting saoldric
Hey, long time no see alien, mafia. I havent posted in a little bit, but thought i might share my analysis. Sorry its not the alieno system, if you want me to remove this just ask. {image}
Hi saoldric nice to you again...... Unfortunately i dont have much knowledge on EU so i cant comment

Alieno is the father of 11 pairs lol
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #4,696
  • Feb 18, 2014 5:31pm Feb 18, 2014 5:31pm
Quoting Mafia
{quote} wow... you got a variety, which one you like the most
.
Attached Image
The More You Learn, The More You Earn.....
  • #4,697
  • Feb 18, 2014 5:33pm Feb 18, 2014 5:33pm
Quoting forexalien
{quote} . {image}
yummy.............
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #4,698
  • Feb 18, 2014 5:41pm Feb 18, 2014 5:41pm
Hey Nihilist
Could you share your dash board strong index? it help me a lot

Thanks
  • #4,699
  • Feb 18, 2014 5:43pm Feb 18, 2014 5:43pm
Quoting Mafia
{quote} Hi saoldric nice to you again...... Unfortunately i dont have much knowledge on EU so i cant comment Alieno is the father of 11 pairs lol
Attached Image (click to enlarge)
Click to Enlarge Name: Sohan April to July, Birthday 242.jpg Size: 255 KB
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #4,700
  • Feb 18, 2014 5:43pm Feb 18, 2014 5:43pm
Quoting Mafia
{quote} Hi saoldric nice to you again...... Unfortunately i dont have much knowledge on EU so i cant comment Alieno is the father of 11 pairs lol
did you catch the move on EJ?
Believe your right, till proven wrong. Doubt is the greatest enemy.
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