The game taught me the game. And it didn't spare me the rod while teaching.
Alien's Extraterrestrial Visual Systems
- #5,464
- Mar 11, 2014 9:44am Mar 11, 2014 9:44am
{quote} At least, I never heard and used this kind of set-up in Alien`s method. With that ADX, i guess it will be counter-trend trade. If you look at RSIOMA and Green at H1, you should stay aside of long for a while.
Smaller TFs lead the bigger ones, but I think the question is how far is it going up?!
I holding it as long there is momentum on M5/M15.
Correct me if I m wrong....this is only my view
- #5,465
- Mar 11, 2014 9:45am Mar 11, 2014 9:45am
{quote} ADX is plunging at the time of the screenie because the upmove has stalled. The 100 and 21 stoch are lingering above 80 however, this indicates the price-move down is probably a retrace on the uptrend, and it will probably resume going up. As i said above, it's almost the exact same as a DS-RSIOMA slingshot trade. Just the same as a DS-RSIOMA trade, watch the lower TF to see the ADX picking up when the price moves up again and you'll be able to catch the move.
- #5,467
- Mar 11, 2014 9:57am Mar 11, 2014 9:57am
{quote} At least, I never used this kind of set-up in Alien`s method. With that ADX, i guess it will be counter-trend trade. If you look at RSIOMA and Green at H1, you should stay aside of long for a while.
in time , the smart money will move shorts in run for profit
::: Grao a Grao ... :::
- #5,468
- Mar 11, 2014 10:03am Mar 11, 2014 10:03am
{quote} I agree with you if you look H4 ADX and H1 RSIOMA and green, but my decision to take long was based on M1, M5 and M15 that are all lined up for long. Smaller TFs lead the bigger ones, but I think the question is how far is it going up?! I holding it as long there is momentum on M5/M15. Correct me if I m wrong....this is only my view
-Drop down TFs to find a setup (BBS/slingshot/crosses/divergence/...). Decide whether this setup is in same direction as higher TFs or not to get an idea of how long/far the setup may take me.
-Drop down 1 or 2 TF for (ADX-confirmed) entry into the direction of the setup. (not more than 1 or 2 TF in my case, too much fakes)
-Monitor entry frame ADX for exit signal until TF one level higher has strong ADX, then monitor from that TF, etcetc...
The game taught me the game. And it didn't spare me the rod while teaching.
{quote} you did well, sometimes..sleep is the key!
Follow the money --Mark Felt (Deepthroat)
- #5,470
- Mar 11, 2014 10:50am Mar 11, 2014 10:50am
{quote} ADX is plunging at the time of the screenie because the upmove has stalled. The 100 and 21 stoch are lingering above 80 however, this indicates the price-move down is probably a retrace on the uptrend, and it will probably resume going up. As i said above, it's almost the exact same as a DS-RSIOMA slingshot trade. Just the same as a DS-RSIOMA trade, watch the lower TF to see the ADX picking up when the price moves up again and you'll be able to catch the move. EDIT : i was looking at the recent movements. When accounting for the 89 and 144...
Thanks
- #5,471
- Mar 11, 2014 10:54am Mar 11, 2014 10:54am
{quote} no doubt in time , the smart money will move shorts in run for profit
I can not think long, when I have earned pips in the morning betting for short.
My mind gets crazy, need study more:nerd:
- #5,474
- Mar 11, 2014 11:41am Mar 11, 2014 11:41am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Per aspera ad astra
- #5,478
- Mar 11, 2014 12:26pm Mar 11, 2014 12:26pm
Looking for a strong trend? Here is Coffee 4h. trending long from january. {image}
superb BB compression , waiting the explosion
- #5,480
- Mar 11, 2014 1:07pm Mar 11, 2014 1:07pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
alien system absolute control {image}
Per aspera ad astra