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Alien's Extraterrestrial Visual Systems

  • #5,261
  • Mar 3, 2014 6:27pm Mar 3, 2014 6:27pm
News in 3 minutes

6:30pm AUD Building Approvals m/m0.7%-2.9%
The More You Learn, The More You Earn.....
  • #5,262
  • Mar 3, 2014 6:28pm Mar 3, 2014 6:28pm
Quoting forexalien
News in 3 minutes 6:30pm AUD Building Approvals m/m0.7%-2.9%
and ....

AUD Current Account-10.1B-12.7B
The More You Learn, The More You Earn.....
  • #5,263
  • Mar 3, 2014 6:37pm Mar 3, 2014 6:37pm
Quoting Salgueiro
GBPAUD Short trade 54 pips not bad m5 is short so if the price goes up i may open short again {image}
Let's go short now
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB
::: Grao a Grao ... :::
  • #5,264
  • Edited Mar 4, 2014 5:41am Mar 3, 2014 7:41pm | Edited Mar 4, 2014 5:41am
Quoting forexalien
{quote} and .... AUD Current Account-10.1B-12.7B
Alien, the reports favor AUD
In this particular case the ADX has no strength,
so i think the market may be manipulate the price in order to give us false information leveraging speculative news to buy with higher price or in the other hand they planned to go long on price but first they make price lower further increasing their profits on selling higher.
What's your thoughts?
::: Grao a Grao ... :::
  • #5,265
  • Mar 4, 2014 5:39am Mar 4, 2014 5:39am
Quoting Salgueiro
{quote} Alien, the reports favor AUD In this particular case the ADX has no strength, so i think the market may be manipulate the price in order to give us false information leveraging speculative news to buy with higher price or in the other hand they planned to go long on price but first they make price lower further increasing their profits on selling higher. What's your thoughts?

didnt i tell you?

Something speculative happen and the big market didnt listen the news because already they knew it
and the price movement was leed to downward by the big players in the market, took advantage of the boom in the news.
On the other hand, they go short to keep away from the market all long trades. In that way they ve got much more liquidity.
with our feet and hands tied alien system wasnt effective this time, lol
They are now to congratulate themselves up and cheer about themselves

But i follow the reasoning of alien and didnt close my trade and I am still in profit since 0.89015
::: Grao a Grao ... :::
  • #5,266
  • Mar 4, 2014 6:12am Mar 4, 2014 6:12am
Quoting Salgueiro
{quote} Let's go short now {image}
it was a 2-edged sword but i closed short with some pips yet

If price goes up for liquidity i may go short again
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 84 KB
::: Grao a Grao ... :::
  • #5,267
  • Mar 4, 2014 7:37am Mar 4, 2014 7:37am
Quoting Salgueiro
{quote} Alien, the reports favor AUD In this particular case the ADX has no strength, so i think the market may be manipulate the price in order to give us false information leveraging speculative news to buy with higher price or in the other hand they planned to go long on price but first they make price lower further increasing their profits on selling higher. What's your thoughts?
News normally does not change trend direction, if the H4 was short and the AUD news was good, price will still go short most of the time.........
The More You Learn, The More You Earn.....
  • #5,268
  • Mar 4, 2014 7:41am Mar 4, 2014 7:41am
forexalien what are your thoughts on gbpjpy, especially H4

ty
matt
  • #5,269
  • Mar 4, 2014 7:49am Mar 4, 2014 7:49am
Quoting letterB
forexalien what are your thoughts on gbpjpy, especially H4 ty matt
H1 long looks healthy

H4 has found a bottom, an H1 retrace (short) will happen when the H1 finds a top............but the daily is beginning a BBS, I would not trade this long for very far or at all.

the GBPUSD H4 looks to have a CROSS forming, once completed I see further downside for the pound................
The More You Learn, The More You Earn.....
  • #5,270
  • Mar 4, 2014 8:10am Mar 4, 2014 8:10am
but 1min, 5min, 15min, and H1 on gbpjpy and eurjpy looked very good for long, and than crashed for no reason..so H4 is now the most important thing to look after? I thought smaller tf dictate the bigger ones. I got stopped out on both of them.
  • #5,271
  • Mar 4, 2014 8:10am Mar 4, 2014 8:10am
Hello Mr. Alien, I just got stopped out on EURJPY. Could you possibly take a look and show me what my human eyes might have missed?

Attached Image (click to enlarge)
Click to Enlarge Name: ej fake.png Size: 63 KB


This was taken on the 5m. The green stochastic never broke below 50 before turning long again, price came out of a BBS with ADX power and there was a a DS set up. I figured all those signals lining up would be good to drive the price long for a quick trade, because long term I saw it continuing down, as mentioned with the GBPJPY above. The 4h is messy, the 1h is still long but setting up to go back down soon, and the 15m was long when the trade was taken (entry around .250)

Thanks amigo
The pips are out there
  • #5,272
  • Mar 4, 2014 8:19am Mar 4, 2014 8:19am
Quoting letterB
but 1min, 5min, 15min, and H1 on gbpjpy and eurjpy looked very good for long, and than crashed for no reason..so H4 is now the most important thing to look after? I thought smaller tf dictate the bigger ones. I got stopped out on both of them.
You must see the waves of each TF and what they are doing, More teaching about that coming soon.............

and are your stops too close ?
The More You Learn, The More You Earn.....
  • #5,273
  • Mar 4, 2014 8:21am Mar 4, 2014 8:21am
Quoting Fox Mulder
Hello Mr. Alien, I just got stopped out on EURJPY. Could you possibly take a look and show me what my human eyes might have missed? {image} This was taken on the 5m. The green stochastic never broke below 50 before turning long again, price came out of a BBS with ADX power and there was a a DS set up. I figured all those signals lining up would be good to drive the price long for a quick trade, because long term I saw it continuing down, as mentioned with the GBPJPY above. The 4h is messy, the 1h is still long but setting up to go back down soon,...

M1 topped out , M15 was nearing a top, H1 shows price divergence to come back down, we must look at MTF's ..............to stay safe.......
The More You Learn, The More You Earn.....
  • #5,274
  • Mar 4, 2014 8:23am Mar 4, 2014 8:23am
Quoting Fox Mulder
Hello Mr. Alien, I just got stopped out on EURJPY. Could you possibly take a look and show me what my human eyes might have missed? {image} This was taken on the 5m. The green stochastic never broke below 50 before turning long again, price came out of a BBS with ADX power and there was a a DS set up. I figured all those signals lining up would be good to drive the price long for a quick trade, because long term I saw it continuing down, as mentioned with the GBPJPY above. The 4h is messy, the 1h is still long but setting up to go back down soon,...
H4 is still long , you are correct , ride the waves , don't keep too tight of a SL...........I will look at this one closer later, I must leave soon..........
The More You Learn, The More You Earn.....
  • #5,275
  • Edited 9:00am Mar 4, 2014 8:47am | Edited 9:00am
Quoting letterB
but 1min, 5min, 15min, and H1 on gbpjpy and eurjpy looked very good for long, and than crashed for no reason..so H4 is now the most important thing to look after? I thought smaller tf dictate the bigger ones. I got stopped out on both of them.
Print out a m1 through daily chart, find a trend on D, then draw a box around that period on H4 (6 candles), draw H4 boxes and one D box on H1, draw H1/H4/D boxes on M15, etcetc. You'll see that what is a strong trend on a low TF is barely a blip in the prices 3 frames higher. you cant even fit the day on a m1 chart : while the D is just one silly candle, all sorts of trends and retraces happened on m1, and only the ones that got carried to the higher TFs influenced the D.

an M1 trend MAY take m5 for the ride, which MAY take m15 along, and MIGHT carry h1, which MAYBE brings h4 along, etcetc

EVERY frame moves in zigzags. if for example H1 is in uptrend, the H1 chart looks like : UP, DOWN, UP, DOWN, UP. The DOWN section can only be made if the M1, M5, M15 frames are going down to take the H1 on its retrace, BUT they don't take the H4 along : on the H4 that entire UP, DOWN, UP, DOWN, UP, just looks like an UP-leg.

saying lower TFs carry the higher TFs is not the complete picture, you have to use the indicators/divergences to decide what is going on :
-are we at a retrace bottom/top?
-are we at a reversal?
-on which TFs will this retrace/reversal take place? which TF will keep its trend intact?

To learn that, i suggest you reread the thread and check some sites for info on divergences.

edit : might be clearer and shorter : low TFs do drive all movements, but divergences and stochs can be used to decide at which TF the move will stop.
The game taught me the game. And it didn't spare me the rod while teaching.
  • #5,276
  • Edited 9:43am Mar 4, 2014 9:07am | Edited 9:43am
thanks for your thoughts yaysayer and forexalien, appreciated.

It's funny cause eurjpy and gbpjpy are up again. I am watching them closely now too. Green rsioma turned up on both of them on H4. For me it's always hard to tell how much of "delay" DS is giving.

Ah this will now fall off a cliff : ) I am short now. Closed that one too. I will just watch this thing now giving me a hard time today hehe
  • #5,277
  • Mar 4, 2014 9:29am Mar 4, 2014 9:29am
Quoting forexalien
{quote} News normally does not change trend direction, if the H4 was short and the AUD news was good, price will still go short most of the time.........
yes but H4 is short..anymore

cause market made price short to catching Sl's on long's and now drives M15, M15 drives H1 and H1 drives H4 for a change direction, and finally running for profits
::: Grao a Grao ... :::
  • #5,278
  • Mar 4, 2014 10:00am Mar 4, 2014 10:00am
USD/CHF -
on 30M DS trade and Stochastic cross.
lower TF in alignment.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-fxsm30.png Size: 50 KB
Per aspera ad astra
  • #5,279
  • Mar 4, 2014 10:09am Mar 4, 2014 10:09am
jpadvisor I like 30min DS trades more and more, thanks for sharing. Are you looking for a big move up? Any specific targets?
  • #5,280
  • Mar 4, 2014 10:16am Mar 4, 2014 10:16am
Quoting letterB
jpadvisor I like 30min DS trades more and more, thanks for sharing. Are you looking for a big move up? Any specific targets?
Hi, letter B,
If on H4 the green Stochastic will cross the 50 line I'll keep the trade, otherwise I'll close before London end.
To exit see 89 and 144 ADX loosing ground.
Per aspera ad astra
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