HI Alien... I read all the pages... very exiting thread.. I will try next week on demo... great work...
Alien's Extraterrestrial Visual Systems
- #5,342
- Mar 7, 2014 3:35pm Mar 7, 2014 3:35pm
- Joined Nov 2012 | Status: Trader | 13,922 Posts
HI Alien... I read all the pages... very exiting thread.. I will try next week on demo... great work...
Yes for demo account and yes re-read will give you deeper understanding , I still have to clarify some of my thoughts of how things work and what to look for.......................in different setups..........
The More You Learn, The More You Earn.....
- #5,344
- Mar 8, 2014 6:00am Mar 8, 2014 6:00am
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....
- #5,349
- Mar 8, 2014 10:12am Mar 8, 2014 10:12am
{image}
Sal - Thank you for your guidance.
Be Patient....
- #5,350
- Mar 8, 2014 10:43am Mar 8, 2014 10:43am
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
- #5,351
- Mar 8, 2014 11:12am Mar 8, 2014 11:12am
{quote} Lolz..Indicators applied to chart or chart applied to indicators?
If you feel pure PA is the way to go for you, good for you and your CPU. If you use Alien's or any other system to your advantage, good for you. There is zero need to bash someone for 'insulting' your precious sense of esthetics though.
The game taught me the game. And it didn't spare me the rod while teaching.
- #5,352
- Mar 8, 2014 12:42pm Mar 8, 2014 12:42pm
{quote} Sal,Your trading knowledge and charts are very helpful. Thank you for taking the time to post everything you do for us. I really appreciate it. You have had some monster trades lately. Congrats on those! Very impressive! A quick question: If there is a major upcoming news event (Euro rate announcement or NFP), do you see that Alien's system sometimes has a indication early on of which way a pair is headed before the news hits? Or do you get out of your positions before the news hits? On the EJ move posted before the Euro rate announcement...
Thanks for your kindly
I owe everything to the Master Alien because it was his teaching that allowed me to start having some success in trading but still just being a newbie with enormous conviction and strong desire to learn more and better with the help of the Alien and all of you.
I still can not master the technique of analysis and simultaneous publication but want to help me improve!
What can i say? it depends
i usually wait for the news because the good and bad news with strong impact usually create goodspeculation who gives a good additional pips. But if this trend has already formed, later or earlier will come back to follow her direction. If the trade has already opened and the news goes against the trend, then you have to decide ( close or ongoing ) depending on the current and future trend of the price, because the market makers to deceive traders manipulate prices to newbies going in the wrong direction, causing losses and so removes them from right way. Thereby create the liquidity necessary to continue along in the direction that determined and finally run for profits.
"..Alien's system sometimes has a indication early ?" - yes...sometimes, but if you follow the rules of Alien , you learn to not negotiate so early, you must be pacient!
Learn to be safe and to control anxiety to open trade once the signal indicators, because most of the time the signals are false, you have to wait for confirmation.
"...do you get out of your positions before the news hits?" - If i already have ongoing trade, rarely go out of the negotiations before the news.
"...Was that just coincidence, or does Alien's system somewhat predict where the market is potentially headed" - in my honest opinion, system alien allows to decide correctly in this case the news was in favor of the trend , which appreciated the decision . even if the news was contrary to the information alien system, in time resume the correct direction previously provided.
it took me an hour to write this
I hope it was worth it
::: Grao a Grao ... :::
- #5,353
- Mar 8, 2014 12:55pm Mar 8, 2014 12:55pm
{quote} I was under the impression we're here to trade and exchange ideas about trading instead of making fun of charts. Salgueiro's charts WORK for him, and if you read his posts he's becoming more and more proficient with it. If you feel pure PA is the way to go for you, good for you and your CPU. If you use Alien's or any other system to your advantage, good for you. There is zero need to bash someone for 'insulting' your precious sense of esthetics though.
Donkey voices not reach the skies!
::: Grao a Grao ... :::
- #5,356
- Mar 8, 2014 6:18pm Mar 8, 2014 6:18pm
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....
- #5,358
- Mar 9, 2014 6:29am Mar 9, 2014 6:29am
Hi, I would like to discuss some of my trades(loser and zero ones) past week.
This one long on EU, I trade on M5 chart.
Vertical lines show entry and exit points.
My initial t/p 25 and s/l 25. M5
I thought
M5: DS trade
RSIOMA above 50 and rising
Green turning up
ADX 7 and 21 started increasing(others don`t)
M15, M30, H1 didn`t stop me, they where confirming long.
H4 should stop me from taking the trade
Green and RSIOMA pointing down and no any sing of ADX expansion.
Verdict
On M5 I drew divergences, which should warn me to close the trade. It went 17 pips long, I closed at 14:56 with -3 pips
I would like to hear your comments, especially of Forexalien
This one long on EU, I trade on M5 chart.
Vertical lines show entry and exit points.
My initial t/p 25 and s/l 25. M5
I thought
M5: DS trade
RSIOMA above 50 and rising
Green turning up
ADX 7 and 21 started increasing(others don`t)
M15, M30, H1 didn`t stop me, they where confirming long.
H4 should stop me from taking the trade
Green and RSIOMA pointing down and no any sing of ADX expansion.
Verdict
On M5 I drew divergences, which should warn me to close the trade. It went 17 pips long, I closed at 14:56 with -3 pips
I would like to hear your comments, especially of Forexalien
- #5,359
- Mar 9, 2014 7:10am Mar 9, 2014 7:10am
All this trades on real, so even little losses hurt
Long on EJ entry at 13:28, t/p and s/l 30 pips.
M5: BBS breakout, Green and RSIOMA rising formation of DS.
M15: waited for DS trade, it happened later, should wait more
ADX was expanding, RSIOMA Green above 80
H1 and H4 were long.
Closed at 14:58 with +4pips.
Verdict
Trade was not so bad for long considering H1 e.g.
But for scalping not
Long on EJ entry at 13:28, t/p and s/l 30 pips.
M5: BBS breakout, Green and RSIOMA rising formation of DS.
M15: waited for DS trade, it happened later, should wait more
ADX was expanding, RSIOMA Green above 80
H1 and H4 were long.
Closed at 14:58 with +4pips.
Verdict
Trade was not so bad for long considering H1 e.g.
But for scalping not
- #5,360
- Mar 9, 2014 7:18am Mar 9, 2014 7:18am
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway