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Alien's Extraterrestrial Visual Systems

  • #7,781
  • Edited 8:45am Jun 23, 2014 8:17am | Edited 8:45am
Fantastic thread. Especially I am wondering how Alien decided to use 7 period ADX, which is my favorite. By the way, default ADX indicator in MT4 is different from original Wilder's version. It's a modified one. MT5 provides both modified and Wilder's versions. Other brokers such as Dukascopy may also use Wilder's ADX. Personally, I prefer Wilder's version. For details, read:

http://www.mql5.com/en/forum/1568
http://www.strategyquant.com/forum/t...vs-adx-wilder/
http://www.bestfxtradingsystems.com/...mt4-indicator/

Happy trading!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #7,782
  • Jun 23, 2014 12:47pm Jun 23, 2014 12:47pm
Alien - the master,

My Exercise for today Top down Analysis of AUD USD - Monthly

We are in a Down trend in monthly

RSIOMA below 50 still has room to reach the bottom

8.3.3 about to top and turn around ( potential top , will need to check the next time frame)
Green stock showing a turn around but may go down with the 8.3.3 falling down.
ADX - movement up is not strong
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
  • #7,783
  • Jun 23, 2014 12:53pm Jun 23, 2014 12:53pm
AUDUSD- Weekly

Long

RSIOMA above 50
Green stoch- long
Need to closely watch the turn around of 9,33. and Green stoch
ADX is resting - need to have close watch
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
  • #7,784
  • Jun 23, 2014 12:54pm Jun 23, 2014 12:54pm
AUD USD Daily

RSIOMA-Long
SToch- Long
ADX- resting
Break of .9490 triple top will give more signal

whether daily will fuel Weekly will be seen by the next time frame H4
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Click to Enlarge Name: Screenshot1.png Size: 41 KB
  • #7,785
  • Jun 23, 2014 1:00pm Jun 23, 2014 1:00pm
AUDUSD-H4

This is in a long trend and is in a potential wave 5 after retracement

RSIOmA, Green Stoch, all pointing long
ADX- resting.

so seems H4 is ready to fuel into the Daily -> weekly

so for shorter term we can look for retracements in H1 and then when H1 and H4 are in sync can get to the Long ( need to keep a watch of topping pattern in weekly , so we can sync up with Monthly on a longer term
Attached Image (click to enlarge)
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  • #7,786
  • Jun 23, 2014 1:07pm Jun 23, 2014 1:07pm
Friends and fellow abductees ... Your inputs and feedback on above analysis welcome
  • #7,787
  • Jun 23, 2014 1:09pm Jun 23, 2014 1:09pm
Oil H4

Have a green week all
If you know how to trade, you don't need to sell any services!!!
  • #7,788
  • Jun 23, 2014 2:09pm Jun 23, 2014 2:09pm
Quoting connect_ananth
Friends and fellow abductees ... Your inputs and feedback on above analysis welcome
I am sorry if I am out of line on this system with my comment; but i would not go long until it breaks the resistance of the daily and weekly and last 3 month hights.
Long Entry points for me would be around the 0.932 or 0.923 range.

Based on resistance level, I would be looking for a short.
Based on the rsioma and stoch, i would be looking for long.

Hence, i bite my fingernails and do not enter a trade.
Being good at what you do is a result of having fun
  • #7,789
  • Jun 23, 2014 2:25pm Jun 23, 2014 2:25pm
Quoting Egosuma
{quote} I am sorry if I am out of line on this system with my comment; but i would not go long until it breaks the resistance of the daily and weekly and last 3 month hights. Long Entry points for me would be around the 0.932 or 0.923 range. Based on resistance level, I would be looking for a short. Based on the rsioma and stoch, i would be looking for long. Hence, i bite my fingernails and do not enter a trade.
As i said wait for H4 retrace and go long along with H1-- Just now looked at the level of retraces on H4 prior to long it matches ur number .. as of now i see 0.9315-.9360..based on the channel formed in H4
Agree with you ... Sit tight , the situation may match or may not .... Wait for trade to come ...
  • #7,790
  • Jun 23, 2014 6:36pm Jun 23, 2014 6:36pm
USDCAD - H1

BBS DS green sto going down.................

This is looking like a GRADE "A" trade, follow the lower TF's for the breakout....................

The RSIoma can't be much lower...........
Attached Image (click to enlarge)
Click to Enlarge Name: cad short 6_30.JPG Size: 166 KB
The More You Learn, The More You Earn.....
  • #7,791
  • Jun 23, 2014 6:39pm Jun 23, 2014 6:39pm
Quoting heispark
Fantastic thread. Especially I am wondering how Alien decided to use 7 period ADX, which is my favorite. By the way, default ADX indicator in MT4 is different from original Wilder's version. It's a modified one. MT5 provides both modified and Wilder's versions. Other brokers such as Dukascopy may also use Wilder's ADX. Personally, I prefer Wilder's version. For details, read: http://www.mql5.com/en/forum/1568 http://www.strategyquant.com/forum/t...vs-adx-wilder/ http://www.bestfxtradingsystems.com/...mt4-indicator/...

Prime Number , Odd number , Good luck number ..........LOL
The More You Learn, The More You Earn.....
  • #7,792
  • Jun 23, 2014 6:42pm Jun 23, 2014 6:42pm
Quoting connect_ananth
Alien - the master, My Exercise for today Top down Analysis of AUD USD - Monthly We are in a Down trend in monthly RSIOMA below 50 still has room to reach the bottom 8.3.3 about to top and turn around ( potential top , will need to check the next time frame) Green stock showing a turn around but may go down with the 8.3.3 falling down. ADX - movement up is not strong {image}
Good Job, the more you post and practice , the clearer the direction of the pair becomes with any one TF...............the whole picture is important !

Thanks
The More You Learn, The More You Earn.....
  • #7,793
  • Jun 23, 2014 6:46pm Jun 23, 2014 6:46pm
Quoting Egosuma
{quote} I am sorry if I am out of line on this system with my comment; but i would not go long until it breaks the resistance of the daily and weekly and last 3 month hights. Long Entry points for me would be around the 0.932 or 0.923 range. Based on resistance level, I would be looking for a short. Based on the rsioma and stoch, i would be looking for long. Hence, i bite my fingernails and do not enter a trade.
If unsure or conflicting indicators, stay away from trading that pair.................you are correct........

I see reasons for both directions, so until it's clear or more TF's are lined up, just wait for the perfect time to re-enter..........
The More You Learn, The More You Earn.....
  • #7,794
  • Jun 23, 2014 9:23pm Jun 23, 2014 9:23pm
Quoting forexalien
USDCAD - H1 BBS DS green sto going down................. This is looking like a GRADE "A" trade, follow the lower TF's for the breakout.................... The RSIoma can't be much lower........... {image}
Update
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cad update.JPG Size: 176 KB
The More You Learn, The More You Earn.....
  • #7,795
  • Jun 23, 2014 10:49pm Jun 23, 2014 10:49pm
Sweet setups Alien....

I entered my second trade a bit late.....Must remember to go to lower TF.....LOL
  • #7,796
  • Jun 23, 2014 11:27pm Jun 23, 2014 11:27pm
Quoting forexalien
{quote} Update {image} {image}
master ... i just saw this trade , i think 1.0733/1.0726 would have given potential opportunities, Any one who missed should they stayhe out , what should one watch for now to get on to the trade.
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  • #7,797
  • Jun 24, 2014 12:42am Jun 24, 2014 12:42am
Quoting forexalien
USDCAD - H1 BBS DS green sto going down................. This is looking like a GRADE "A" trade, follow the lower TF's for the breakout.................... The RSIoma can't be much lower........... {image}
Alien,

thanks for posting and teaching us, I opened short 6 hrs ago at 1.0730, got more confident following your steps.

Happy pipping everyone!
Daniel C
  • #7,798
  • Jun 24, 2014 6:49am Jun 24, 2014 6:49am
Quoting forexalien
USDCAD - H1 BBS DS green sto going down................. This is looking like a GRADE "A" trade, follow the lower TF's for the breakout.................... The RSIoma can't be much lower........... {image}
Update - USDCAD - with low volume and the London session, this only brought us 15 pips.............

RSIoma divergence on the M15 showed up for a reversal and we also saw a CROSS X Trade at the same time...........
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad croos and ds.JPG Size: 178 KB
The More You Learn, The More You Earn.....
  • #7,799
  • Jun 24, 2014 6:51am Jun 24, 2014 6:51am
Quoting heispark
Fantastic thread. Especially I am wondering how Alien decided to use 7 period ADX, which is my favorite. By the way, default ADX indicator in MT4 is different from original Wilder's version. It's a modified one. MT5 provides both modified and Wilder's versions. Other brokers such as Dukascopy may also use Wilder's ADX. Personally, I prefer Wilder's version. For details, read: http://www.mql5.com/en/forum/1568 http://www.strategyquant.com/forum/t...vs-adx-wilder/ http://www.bestfxtradingsystems.com/...mt4-indicator/...
I am wondering how Alien decided to use 7 period ADX

Also it is 1/2 of the 14 period, and we would get a quicker reading of what is going to happen..............
The More You Learn, The More You Earn.....
  • #7,800
  • Jun 24, 2014 6:51am Jun 24, 2014 6:51am
Quoting Gvc
Sweet setups Alien.... I entered my second trade a bit late.....Must remember to go to lower TF.....LOL
Yes ! Lower TF's will show you the way.............
The More You Learn, The More You Earn.....
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