Alien's Extraterrestrial Visual Systems

CADCHF - nearing a monthly bottom, weekly is trying to go long, Daily is showing signs of long, and the H4 is topping and resting for now............

CADJPY - is not very tradeable right now...............

CHFJPY is pretty much following EJ - step for step - mixed to coming down on the Weekly..........

EURAUD - month topping , week had divergence and is moving down for now, Daily hit a top and is coming down for now, H4 is coming down and has a bit more room to do so.............

EURCAD - month is resting , week is thinking about coming down some more, Daily topped and dropped , more room to come down, might be on wave 3 the money wave right now..........

EURCHF - continues to stay flat all TF's...........

EURGBP - continues to creep lower with H4 ADX power .......

EURNZD - does not look very trader friendly right now..........

EURTRY - Mnthly is resting or coming down for now, week, daily, H4 and H1 showing more downside to come ..........

GBPAUD - weekly looks like it is on wave 2 before wave 3 , the money wave for further down...........Daily has hit a top for now and coming down making that wave 3 .........

GBPCAD - weekly is interesting , look at lower TF's to catch a possible drop coming up..............

GBPCHF - month and week look pretty flat, Daily is hitting it's 3rd top now and may come down with the pound-USD.............

GBPJPY - monthly showing signs of resting, weekly ADX is powered long , RSIoma is long soon to drop, sto's are looking heavy.............BBS , a wedge, sto's topping,

GBPNZD - week and daily have a CROSS trade both setting up for money wave 3 to come down soon.............

NZDCAD - month , week looking weak, wait for a small retrace long and then short it for wave 3, the money wave................

NZDUSD - H4 looks to go long again in a day or 2..............

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Indeed so! I know this it is still my biggest problem although I am getting better imo, lets see how I hold up next week.

Once you learn and practice this , you Will become a better trader.................when I got overconfident and impatient.

Jeff (if it doesn't sound offensive),

I had similar problems before I got to learn Alien's Method mainly but I would like to share my problems and not saying you have the same ones.

I was:

- Impatient
- Over trading
- Impatient
- Over leverageing
- Revenge trading
- Cutting winners too early
- Impatient
- Guess trading
- Wishing and hoping
- Not seeing the big picture

I still have issues to over come like, some trades have an expiry date (as in my main losers on the signature demo. 3 major loses in Oil due to expiry. Doooh! Check my loosing trades in the explorer) or wait for retraction and yes some of them can take days, and keep an eye on the calendar, but all I can say is the more I started looking at higher time frames H4, Daily rather than 5 Min, trades it all started coming my way as Alien always says.

Also, recently, I started Arena trading, which basically you trade against a few 10s/100s/1000s traders with a fix equity for a limited time 15-240 minutes or days to a month and I am usually in the top 10 winners with this method, which I believe helps me to improve my focus for each time frame in every Arena.

Hope this adds some to all the readers and contributors of one of the best threads ever on FX.

Have a great trading week all