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Alien's Extraterrestrial Visual Systems

  • #4,901
  • Feb 22, 2014 10:32am Feb 22, 2014 10:32am
Quoting Ravelt
Am i right ? with wave count ? {image}
That's a rough example but good to see.

M1 is pretty good .....

M5 is showing support on the RSIoma to continue long some more, wave 2 did not break the bottom of wave 1, so it works............no divergence seen......
The green sto normally for a good count would keep traveling long without a been in it, this might be an ify trade............


M15 had not developed yet...................
Attached Image (click to enlarge)
Click to Enlarge Name: ej rough counts.JPG Size: 209 KB
The More You Learn, The More You Earn.....
  • #4,902
  • Feb 22, 2014 10:33am Feb 22, 2014 10:33am
Quoting traderbola
{quote} with EJ trading I think it's better to analyze with Higher TF, I know that choppy women moves a lot withing lower TF.
Correct , she is too choppy to count lower TF's sometimes.............
The More You Learn, The More You Earn.....
  • #4,903
  • Feb 22, 2014 10:35am Feb 22, 2014 10:35am
Quoting Ravelt
{quote} Okay thanks, and is that the right way to do wave count ?
.

you might be able to find free stuff on the internet about wave counting, this book is a dry read, but helpful................
Attached Image
The More You Learn, The More You Earn.....
  • #4,904
  • Feb 22, 2014 10:38am Feb 22, 2014 10:38am
Quoting rukiver
{quote} I think classic wave count goes according to elliot wave rules correction 3 Waves 1-2-3 trend 5 waves 1-2-3-4-5 this is simplified
Yes there are many ways to wave count,

I just use 1,2,3,4,5, ADX out for the basic moves here, for show and tell................one big move long or short, wave counting can get complex.....but helpful
The More You Learn, The More You Earn.....
  • #4,905
  • Feb 22, 2014 10:39am Feb 22, 2014 10:39am
Quoting letterB
{quote} I am seeing that too.. waiting alien to confirm : )
posted DS trade on this already...........pound cad
The More You Learn, The More You Earn.....
  • #4,906
  • Feb 22, 2014 10:40am Feb 22, 2014 10:40am
Quoting stormtrader
next target should be around 190.00 even though i dont see how this pair will come down in the near future let s see what the news will do
please post the pair you are talking about............
The More You Learn, The More You Earn.....
  • #4,907
  • Feb 22, 2014 10:41am Feb 22, 2014 10:41am
Quoting stormtrader
last time we had the same sormation on this very pair we had 600 pips jump in merely 3 days... i m excited
please post the pair you are talking about...............thanks
The More You Learn, The More You Earn.....
  • #4,908
  • Feb 22, 2014 10:45am Feb 22, 2014 10:45am
Quoting Fox Mulder
Hopefully everyone had a good friday. I made around 200 pips today thanks to this lovely system! First up, EURAUD. Got in just before 8. The 4h and 1h were all up, the 15m had just broken a small BB squeeze and was over 50, with ADX expanding. The 5m was strong and long with ADX expanding telling me this one was likely to continue upwards. Took around 65 pips on this one. {image} I also got in on the EURNZD, which more or less had the same set up. The main difference was there was a much larger BB squeeze on the 15m. I got in on this one...
Glad to hear this............... I made around 200 pips today thanks to this lovely system!
The More You Learn, The More You Earn.....
  • #4,909
  • Feb 22, 2014 10:48am Feb 22, 2014 10:48am
Quoting Fox Mulder
Hopefully everyone had a good friday. I made around 200 pips today thanks to this lovely system! First up, EURAUD. Got in just before 8. The 4h and 1h were all up, the 15m had just broken a small BB squeeze and was over 50, with ADX expanding. The 5m was strong and long with ADX expanding telling me this one was likely to continue upwards. Took around 65 pips on this one. {image} I also got in on the EURNZD, which more or less had the same set up. The main difference was there was a much larger BB squeeze on the 15m. I got in on this one slightly...
Now I have an ADX question for Mr. Alien which I don't think has been covered. How should one read the ADX rising yet being compressed together? I've seen it happen a few times. I'm always unsure of what to make of it. Here's a picture of the GBPJPY which shows 2 examples of it.

I don't really have a perfect answer for you , but if you look at the Price Action, it is much stronger of a move................. steeper the adx move, the stronger it is..............
The More You Learn, The More You Earn.....
  • #4,910
  • Feb 22, 2014 10:52am Feb 22, 2014 10:52am
Quoting Winston Reed
{quote} Wow!!!. Not trying to be rude. But who needs a price chart with all those indicators. But if you're making money then by all means carry on.
Nice first entrance onto a thread you have there, LOL ................he is still learning, to each their own...................
Attached Image
The More You Learn, The More You Earn.....
  • #4,911
  • Feb 22, 2014 10:52am Feb 22, 2014 10:52am
Quoting forexalien
{quote} please post the pair you are talking about...............thanks
Hello Alien, i was quoting my posts so i thought its ok. was about gbpcad
  • #4,912
  • Feb 22, 2014 11:20am Feb 22, 2014 11:20am
Quoting stormtrader
{quote} Hello Alien, i was quoting my posts so i thought its ok. was about gbpcad
Thanks , Alien reads so many posts and bounces around, that I don't have the time to look back and search again, thanks for your understanding..............

It just makes it easier after a period of time goes by, thanks again...........
The More You Learn, The More You Earn.....
  • #4,913
  • Feb 22, 2014 11:25am Feb 22, 2014 11:25am
Quoting forexalien
{quote} Thanks , Alien reads so many posts and bounces around, that I don't have the time to look back and search again, thanks for your understanding.............. It just makes it easier after a period of time goes by, thanks again...........
no worries there friend, btw how on earth can we thank you???

all the best to ya
  • #4,914
  • Feb 22, 2014 12:55pm Feb 22, 2014 12:55pm
Quoting forexalien
{quote} Now I have an ADX question for Mr. Alien which I don't think has been covered. How should one read the ADX rising yet being compressed together? I've seen it happen a few times. I'm always unsure of what to make of it. Here's a picture of the GBPJPY which shows 2 examples of it. I don't really have a perfect answer for you , but if you look at the Price Action, it is much stronger of a move................. steeper the adx move, the stronger it is..............
Thanks!
The pips are out there
  • #4,915
  • Edited 7:30pm Feb 22, 2014 7:13pm | Edited 7:30pm
Quoting forexalien
{quote} That must be a MACD histogram on your PA ? Looks like it could be helpful.................
Nothing quite as fancy actually it's just an MA Ribbon indicator on the M5 - 1st MA is 20 EMA and 2nd is 55 SMA. It makes a nice cloud visual that keeps me honest with the immediate trend direction, I try not to trade against it unless there is a divergence...
  • #4,916
  • Edited 7:48am Feb 23, 2014 2:18am | Edited 7:48am
Alien?

Maybe a naive question, but is it ok or allowed to follow a setup wich is developping on just one timeframe? Like this example can one disclaim the multi time frame approach in such a case? I know to get better entries one should look on a smaller TF. But i made the experience that i such strong trends, especially with Heikin Ashi, you dont get the chance for a retrace.

Thank you & best regards

Attached Image (click to enlarge)
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  • #4,917
  • Feb 23, 2014 3:03am Feb 23, 2014 3:03am
Good day to all fellow alien traders ... I see some people have adapted this to suit their personal needs. I had to do the same this week because of work. The ideal time frame for me whilst I am still working is the 1 hr.... The set ups are not so fast and I only need to check the charts hourly. I only watch 5 currencies and I only need two set ups per day to accomplish my goal of 60 pips per day...I may just stick to this permanently as it is less stressful
With God its impossible to lose
  • #4,918
  • Feb 23, 2014 4:30am Feb 23, 2014 4:30am
Quoting forexalien
{quote} Hello chrisyuto, What is that cute creature?
It is a super cute alien named cj7, a character in a film by steven chow.. maybe it's a different generation of alien, so you don't know, haha
live your life heartfully..
  • #4,919
  • Feb 23, 2014 5:03am Feb 23, 2014 5:03am
Quoting rglenn
Good day to all fellow alien traders ... I see some people have adapted this to suit their personal needs. I had to do the same this week because of work. The ideal time frame for me whilst I am still working is the 1 hr.... The set ups are not so fast and I only need to check the charts hourly. I only watch 5 currencies and I only need two set ups per day to accomplish my goal of 60 pips per day...I may just stick to this permanently as it is less stressful
Are you trading strictly the H1 ... or you use confirmation from other TFs (higher/lower) ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #4,920
  • Feb 23, 2014 5:46am Feb 23, 2014 5:46am
Hi All,
I doubt we can find 2 grade A setups per day on 1H and 5 pairs, but that's good coz there is no need to overtrade.
Patience is not easy but it helps a lot, I am only monitoring 1H and above, 15 min to fine tune the entry.
I just wait for a 1H BBSqueeze to start looking at a specific pair.
It's just work for me, less screen time, less itchy fingers, less overload for my small human brain.

All the big move always start with a BBSqueeze and that is already more than enough PIPs
the market is not random but anything can happen.
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