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  • #5,221
  • Mar 2, 2014 1:26pm Mar 2, 2014 1:26pm
Anyone shorted EY over the weekend? There is a huge gap down.
Per aspera ad astra
  • #5,222
  • Mar 2, 2014 2:14pm Mar 2, 2014 2:14pm
Quoting jpadvisor
Anyone shorted EY over the weekend? There is a huge gap down.
That gap was not there a few hours ago, last minute USD strength it looks like............not sure why yet..........
The More You Learn, The More You Earn.....
  • #5,223
  • Edited 3:17pm Mar 2, 2014 2:24pm | Edited 3:17pm
Quoting forexalien
{quote} That gap was not there a few hours ago, last minute USD strength it looks like............not sure why yet..........
It's due to politic turmoil in East Europe and rush into heaven currencies. IMO.
Per aspera ad astra
  • #5,224
  • Mar 2, 2014 4:00pm Mar 2, 2014 4:00pm
Quoting jeffmichaels
{quote} Did some LT analysis of GBPUSD myself on monthly and weekly before reading your post, came up with this. {image}
That's a possibility if the Monthly ADX keeps going............retrace and goes again.............
The More You Learn, The More You Earn.....
  • #5,225
  • Mar 2, 2014 4:01pm Mar 2, 2014 4:01pm
.
Attached Image
The More You Learn, The More You Earn.....
  • #5,226
  • Mar 2, 2014 4:03pm Mar 2, 2014 4:03pm
You are welcome to speak here at Alien's.......................
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The More You Learn, The More You Earn.....
  • #5,227
  • Mar 2, 2014 5:36pm Mar 2, 2014 5:36pm
Quoting forexalien
EURAUD - monthly is long nearing a top................. Weekly - price divergence , and on a retrace long for now - don't play the long and wait for the move short again............. Daily - BBS , long but no real momentum............ H4 near top H1 topping............. {image}
Thanks for all the insight this weekend, Alien. Really helpful stuff and reviewing all the things you pointed out in each pair helped further my understanding of this system. If I may, I'd like to elaborate on EURAUD because I think it's looking like the potential trade of the year.

Starting off with the monthly, you can see we've got ourselves a 123 sell pattern. Notice where price is currently sitting around, a previous support level that has now become resistance. Keep in mind this is on the monthly, so that's a pretty strong area to be thinking about shorting.

Attached Image (click to enlarge)
Click to Enlarge Name: euraudmonthly 123 down.png Size: 66 KB


Moving onto the daily since the weekly has already been so beautifully summed up, we've got a few levels of interest to look at. There is major divergence showing across the stochastics and RSIoma, which I have marked up with an ugly puke orange.

Attached Image (click to enlarge)
Click to Enlarge Name: eurauddaily sell limits.png Size: 66 KB


You can see I've got some orders placed. I usually don't trade like this, but I'm experimenting a bit with the system. I feel pretty confident that at least one of these orders will be hit because of the 4 hour. It broke out of a BBS on Friday with a bit of ADX momentum behind it. The stochastics and RSI are above the 80 level, signalling this is probably going to push long for us once more.

Attached Image (click to enlarge)
Click to Enlarge Name: euraudh4 push long.png Size: 70 KB


Finally, let's take a look at the 1 hour chart. Much like the 4h, the stochastics and RSI are in strong buy territory. You can see where the BBS broke on the 1 hour in correlation to the 4 hour, with the ADX expanding to lead the way. All this is pointing to one final push long, in my opinion.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud1h push long.png Size: 68 KB


Any thoughts or insights would be greatly appreciated. Thanks!
The pips are out there
  • #5,228
  • Mar 2, 2014 7:31pm Mar 2, 2014 7:31pm
Quoting Fox Mulder
{quote} Thanks for all the insight this weekend, Alien. Really helpful stuff and reviewing all the things you pointed out in each pair helped further my understanding of this system. If I may, I'd like to elaborate on EURAUD because I think it's looking like the potential trade of the year. Starting off with the monthly, you can see we've got ourselves a 123 sell pattern. Notice where price is currently sitting around, a previous support level that has now become resistance. Keep in mind this is on the monthly, so that's a pretty strong area to...
And if you look at just EA's counter parts AUDUSD and EURUSD, the AUD is near to going long again and the EUR is near to going short again which would accelerate the move down faster with momentum when the rest of the traders get it figured out....................
The More You Learn, The More You Earn.....
  • #5,229
  • Mar 2, 2014 7:38pm Mar 2, 2014 7:38pm
Quoting jpadvisor
Anyone shorted EY over the weekend? There is a huge gap down.
Gidday JP

Yes I did, an took profit

thinking will try again 140 if we get there
  • #5,230
  • Mar 2, 2014 11:54pm Mar 2, 2014 11:54pm
Quoting forexalien
And there we have it , I covered 30 pairs as I promised............................ At 4 minutes a pair, that included posting and some charts marked up, 2 hours total time, otherwise , just to look at them took me 30 minutes............
thanks for the effort, we appreciate it..
live your life heartfully..
  • #5,231
  • Mar 3, 2014 1:58am Mar 3, 2014 1:58am
Quoting chrisyuto
{quote} thanks for the effort, we appreciate it..
Yes we certainly do Alien, thanKs!
  • #5,232
  • Mar 3, 2014 2:03am Mar 3, 2014 2:03am
Quoting forexalien
. {image}
I am not a follower, but I do poke my head in here once a week or so..

Soo, here is my hello post Alien.
  • #5,233
  • Mar 3, 2014 2:48am Mar 3, 2014 2:48am
Quoting forexalien
EURTRY - monthly is long weekly is topping but still long for now..........price divergence showing and the RSIoma is pegged to the top soon to come down.............. daily is mixed to long........... H4 and H1 flat............ I see that EURTRY can be abbreviated,,,,,,, ET....................... {image}
Thank you Alien for your great work. On this pair I haven't noticed the divergence on weekly.
Per aspera ad astra
  • #5,234
  • Edited 3:03am Mar 3, 2014 2:53am | Edited 3:03am
UC - Maybe we have wave 1. Look promising.
M5 and M15 are long. We'll se if they drive also hiher TF.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-fxsm5.png Size: 44 KB
Per aspera ad astra
  • #5,235
  • Mar 3, 2014 4:33am Mar 3, 2014 4:33am
Quoting SimpleDev
{quote} I am not a follower, but I do poke my head in here once a week or so.. Soo, here is my hello post Alien.
And a Hello Back to you SimpleDev...............
The More You Learn, The More You Earn.....
  • #5,236
  • Mar 3, 2014 4:54am Mar 3, 2014 4:54am
Quoting jpadvisor
UC - Maybe we have wave 1. Look promising. M5 and M15 are long. We'll se if they drive also hiher TF. {image}
The ADX is good for wave counting..............
Attached Image (click to enlarge)
Click to Enlarge Name: uc wave counting.JPG Size: 260 KB
The More You Learn, The More You Earn.....
  • #5,237
  • Mar 3, 2014 5:14am Mar 3, 2014 5:14am
Quoting forexalien
{quote} The ADX is good for wave counting.............. {image}
Hi Forexalien,

when you have counted the waves on ADX, the price is moving all the way long, with not that corrections.
E.g. the wave 2 is just one red candle?

Thanks
  • #5,238
  • Mar 3, 2014 6:12am Mar 3, 2014 6:12am
Quoting chrisyuto
{quote} Hi sanjar434, did you catch that one? if yes, may i know when do you enter, thanks..
Hi, sorry for late response, I could not answer earlier.

This is M5 chart, where I take trades. I already put DS, and why I think it is long.
On M5:
RSIOMA went above 50 and was increasing
Green Sto went above 50 and was increasing.
ADX expansion started.

I entered at last candle 6:10 GMT.
I trade fixed t/p and s/l, because of the lack of time. In this trade I got 25 pips, which was 25%of ATR of previous week.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 88 KB
  • #5,239
  • Mar 3, 2014 9:44am Mar 3, 2014 9:44am
As the saying goes, if it ain't broken don't fix it! Most of the traders (especially the new ones - know it all ones)
keep looking for the Holly Grail and they might just found it if they spend some time to read download
and practice instead of trying to see charts their way to the extent to modify all the tools.

Hopefully this will make sense to some...

Me? I am having the best time of my life, maybe my demo signature will show what I might be doing in live trades.

Happy trading week and kudos to all
If you know how to trade, you don't need to sell any services!!!
  • #5,240
  • Mar 3, 2014 10:13am Mar 3, 2014 10:13am
want to post it before entry, but I'm scared to be wrong (because TF > H4 still long)

entry based m15 BBS breakout, RSIOMA below 50 and pointing down, Sto pointing down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU-h1-4-3-2014.png Size: 75 KB
Click to Enlarge Name: GU-m15-4-3-2014.png Size: 73 KB
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