Alien's Extraterrestrial Visual Systems | Page 256 | Forex Factory

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  • #5,101
  • Feb 26, 2014 12:52pm Feb 26, 2014 12:52pm
thanks guys, will learn my lesson eventually, and thanks for helping me out and teaching me properly. I am on demo now for a few weeks...
  • #5,102
  • Feb 26, 2014 1:11pm Feb 26, 2014 1:11pm
Quoting letterB
thanks guys, will learn my lesson eventually, and thanks for helping me out and teaching me properly. I am on demo now for a few weeks...
Try also backtesting to check your trades. This is my two cents.
Per aspera ad astra
  • #5,103
  • Feb 26, 2014 3:10pm Feb 26, 2014 3:10pm
Quoting forexalien
{quote} Not sure if you are talking long or short here........... For long I see bbs , slight adx - Expansion, RSIoma over 50 going long. THEN,,,,,,,,,,,,, For short, I see stochastics all topping out and fanning downward, with ADX expansion, RSIoma crossing the 50 line downward, Then the Green sto goes long for trend direction and ADX is mixed.......... {image}
Thank you not just for this analysis but for all others too - most insightful

There has never been a more apt FF signature than yours The more you learn..
  • #5,104
  • Feb 26, 2014 9:24pm Feb 26, 2014 9:24pm
Quoting freshtan
I love your system!!!!! {image}
I am glad you are starting to learn it with success.......................
The More You Learn, The More You Earn.....
  • #5,105
  • Feb 26, 2014 9:27pm Feb 26, 2014 9:27pm
Quoting figgsey
For those with FXSM http://www.ft.com/cms/s/0/66e972dc-9...#axzz2uM3RWRtc
Not sure what you are trying to point out here................
The More You Learn, The More You Earn.....
  • #5,106
  • Feb 26, 2014 9:31pm Feb 26, 2014 9:31pm
Quoting Fox Mulder
Dog the Bounty Hunter says that the Bible says "patience is a virtue". I expected Gold to retrace this morning and eventually continue back downward. Eventually, all the signals lined up on the 5M and we got this killer entry. The 1H had crossed down past 50 with the RSIoma dropping from the sky. The 15M continued to stay flat throughout this morning and still had ADX power to it. We go down to the 5M to find ourselves an entry. {image} As you can see, we had a DS forming on the RSIoma. There was a nice little BBS with the ADX holding momentum....
Great work sitting on your hands and letting the trade come to you !
The More You Learn, The More You Earn.....
  • #5,107
  • Feb 26, 2014 9:33pm Feb 26, 2014 9:33pm
Quoting freshtan
I want to thank you alien all for what you've taught us.I took a picture so you can see that because of you I have become a better trader.I know that I have a lot more to learn.Anyway, big thanks to you that you've led me to a new level. {image}
It can be very hard to find that next level, I am glad you found it..............!
The More You Learn, The More You Earn.....
  • #5,108
  • Feb 26, 2014 11:08pm Feb 26, 2014 11:08pm
Hi Forexalien,

I have noticed on EU D chart that Black Sto crossed Green Sto. At the same time ADX 7 lost momentum. Can we consider such set-ups as the sign of ending a push long.
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  • #5,109
  • Feb 26, 2014 11:21pm Feb 26, 2014 11:21pm
Good Day!

Strange finding, UJ D and H4 charts. They are both flat, but looks like DS is forming but in opposite directions.

I think we should avoid this pair for now, what you think?
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  • #5,110
  • Feb 26, 2014 11:39pm Feb 26, 2014 11:39pm
Quoting sanjar434
Good Day! Strange finding, UJ D and H4 charts. They are both flat, but looks like DS is forming but in opposite directions. I think we should avoid this pair for now, what you think? {image}
Why avoid this pair ? In any case, one of the 2 situations will break the BBs and then gives you the right direction to go ... if others indicators also give you the momentum.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,111
  • Feb 26, 2014 11:49pm Feb 26, 2014 11:49pm
Quoting FerruFx
{quote} Why avoid this pair ? In any case, one of the 2 situations will break the BBs and then gives you the right direction to go ... if others indicators also give you the momentum.
Thanks for your comment.

I have lack of practice. Do not you think like the higher TF has more power, I mean on H4 movement can be correction, before major move on D?
  • #5,112
  • Feb 26, 2014 11:54pm Feb 26, 2014 11:54pm
Addition to the above example on EU D.

Looks like whenever cross of Black and Green at near 80 level happens, price stops the movement.

Please, comment
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  • #5,113
  • Feb 27, 2014 12:04am Feb 27, 2014 12:04am
Quoting sanjar434
{quote} Thanks for your comment. I have lack of practice. Do not you think like the higher TF has more power, I mean on H4 movement can be correction, before major move on D?
I don't think that higher TFs have more power than lower ones. All depend on where we are in the move.

Example if the trend is going to reverse, the lower TFs will start first then lead the higher TFs to establish a new trend.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,114
  • Feb 27, 2014 2:17am Feb 27, 2014 2:17am
today with help from fellow traders I got a nice London trade, could have held but I am ver happy with this:

http://screencast.com/t/1g31xXzHt
  • #5,115
  • Feb 27, 2014 2:29am Feb 27, 2014 2:29am
Quoting sanjar434
{quote} Thanks for your comment. I have lack of practice. Do not you think like the higher TF has more power, I mean on H4 movement can be correction, before major move on D?
Both DS trades could well be valid : the jump long that is building on H4 would then complete the retrace(the DS divergence) from the D so D can then resume it's downmove.

The example you give shows rather weak DS trades tho. they remain on their side of the 50-line, but better would be if they stayed closer to 20/80. look at the H4 for now and once the DS crosses the DS signal line, drop to H1 to look for ADX expansion. if there is no ADX action, you'll have to sit on those itchy triggerfingers and start waiting for the daily DS to develop more.

ADX is really the essential bit to the system so far, all the other stuff tells us where and when to look for ADX expansions. Only exception for me is when i try to use the stochs to find tops/bottoms, in that case i'll start building positions before ADX, but i'll freely admit i get faked out a lot.
The game taught me the game. And it didn't spare me the rod while teaching.
  • #5,116
  • Feb 27, 2014 2:53am Feb 27, 2014 2:53am
Quoting yaysayer
{quote} ...look at the H4 for now and once the DS crosses the DS signal line, drop to H1 to look for ADX expansion...
What do you mean by "once the DS crosses the DS signal line"

You mean once DS crosses 20 from below? So we expect a rally up on H1?
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  • #5,117
  • Feb 27, 2014 3:05am Feb 27, 2014 3:05am
Quoting letterB
{quote} What do you mean by "once the DS crosses the DS signal line" You mean once DS crosses 20 from below? So we expect a rally up on H1? {image}
your green stoch, black stoch, rsioma and DS all have a thinner or dotted line. this is a moving average of the indicator itself and is called the signal line. when the DS crosses the signal line it means the DS has reversed direction = price started moving in the direction of the 'slingshot trade'. this is the moment ADX strength should be building on the lower TF.
The game taught me the game. And it didn't spare me the rod while teaching.
  • #5,118
  • Feb 27, 2014 3:34am Feb 27, 2014 3:34am
GBP AUD
short trade
many pips in sight
look for a good entry M1 M5
::: Grao a Grao ... :::
  • #5,119
  • Feb 27, 2014 3:35am Feb 27, 2014 3:35am
Riding on GBPNZD.... target 1.9850
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https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #5,120
  • Edited 4:58am Feb 27, 2014 4:39am | Edited 4:58am
Quoting yaysayer
{quote} your green stoch, black stoch, rsioma and DS all have a thinner or dotted line. this is a moving average of the indicator itself and is called the signal line. when the DS crosses the signal line it means the DS has reversed direction = price started moving in the direction of the 'slingshot trade'. this is the moment ADX strength should be building on the lower TF.
Oh you mean that signal. Well I removed the signals from green stoch, black stoch, rsioma but still have one on DS. Visually there are too many lines for me...
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