Alien's Extraterrestrial Visual Systems | Page 418 | Forex Factory

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Alien's Extraterrestrial Visual Systems

  • #8,341
  • Sep 4, 2014 11:19am Sep 4, 2014 11:19am
You did flip a switch
  • #8,342
  • Sep 4, 2014 11:48am Sep 4, 2014 11:48am
Quoting jpadvisor
GBPUSD Daily - Is this a Stochastic divergence? Better to wait for BBS and the turn of 8,3,3. {image}
This Stochastic divergence ended up with more than 250 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura GBP.PNG Size: 370 KB
Per aspera ad astra
  • #8,343
  • Sep 4, 2014 1:28pm Sep 4, 2014 1:28pm
OMG! OMG! That's why i love thursdays.
Hurts me to see what i missed today.
Work smarter,not harder
  • #8,344
  • Sep 4, 2014 8:00pm Sep 4, 2014 8:00pm
Quoting Christianfx
{image} Hi there, I´ve been thinking a little bit more about this approach. The idea of catching the wave before they happen are clear in theroy, but not so easy to do in reality. Is this what you are thinking in you head Alien?
Yes - you have slow sto's high going into a BBS, so you drop to the M15 and M5 have the same thing going on.

Now this was news related and it takes patience to wait for the move.

M1 , M5 , M15 all looked the same and moved the same, at the same time.............

H1 sto's were topping, BBS , News and the move...............
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EG H1.JPG Size: 262 KB
Click to Enlarge Name: eg m15.JPG Size: 363 KB
The More You Learn, The More You Earn.....
  • #8,345
  • Sep 4, 2014 8:02pm Sep 4, 2014 8:02pm
Quoting Christianfx
{image} Hi there, I´ve been thinking a little bit more about this approach. The idea of catching the wave before they happen are clear in theroy, but not so easy to do in reality. Is this what you are thinking in you head Alien?
BBS is the time to look for a trade, other MTF's to compliment it, RSIoma crossing 20 or 80 line , and the sto's moving fast.............
The More You Learn, The More You Earn.....
  • #8,346
  • Sep 4, 2014 8:05pm Sep 4, 2014 8:05pm
Quoting Christianfx
I have to say I did not use the RSIoma in this example, sometimes I´m confused by it. Also, the theory of how to use the ADX is clear. But again reality. Sometimes it´s so clear when they "fan out", then again they can lag quite a bit. This is such an example? Also, I think you scaling in is vital to do this, because you can´t nail every wave. The market could move against you as you can see.
Lower TF's
Train your brain,
Scaling in is OK,
Learn to trade yourself out of your mistakes..............
Once your in the wrong direction, wait for all TF's to go the opposite direction and enter again, if you break even, get out.
The More You Learn, The More You Earn.....
  • #8,347
  • Sep 4, 2014 8:10pm Sep 4, 2014 8:10pm
Quoting marcof91
OMG! OMG! That's why i love thursdays. Hurts me to see what i missed today.
LOL, Hurt is when you have been short the USDCAD, up $550, down -$220, up $445, down -$180, up $ 650, up $ 182, and not take the 3 different profits of $500 each, LOL, But I am learning to hold my trades through the ups and downs and not to worry, because the larger TF's tell me it's still going my direction.................
Practice , Practice, practice..............it will come to you..........!
The More You Learn, The More You Earn.....
  • #8,348
  • Sep 5, 2014 3:31am Sep 5, 2014 3:31am
Quoting forexalien
{quote} Yes - you have slow sto's high going into a BBS, so you drop to the M15 and M5 have the same thing going on. Now this was news related and it takes patience to wait for the move. M1 , M5 , M15 all looked the same and moved the same, at the same time............. H1 sto's were topping, BBS , News and the move............... {image} {image}
Did you enter before the news because it was so sure that there will be a drop?
  • #8,349
  • Sep 5, 2014 4:42am Sep 5, 2014 4:42am
Yes, the first enrey was on the 2nd. Then 3rd and 4th respectively. I got sort of capped after the 2nd, market didn´t do anthing ( news) was aware of it. I didn´t expect it would be going on for such a long time. But I kinds knew it´ ll come down at some point. Higher time frames.
  • #8,350
  • Sep 5, 2014 12:25pm Sep 5, 2014 12:25pm
Do we get a CrossX weekly AUDUSD BBS on weekly and daily and adx compression also...

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 195 KB
  • #8,351
  • Sep 5, 2014 1:06pm Sep 5, 2014 1:06pm
Quoting rukiver
Do we get a CrossX weekly AUDUSD BBS on weekly and daily and adx compression also... {image}
Agree. Cross X forming also on H1 and DS on 15 M.
Per aspera ad astra
  • #8,352
  • Sep 5, 2014 1:36pm Sep 5, 2014 1:36pm
a clear trend on audusd would be welcome, it has been ranging since April
Being good at what you do is a result of having fun
  • #8,353
  • Sep 5, 2014 3:59pm Sep 5, 2014 3:59pm
Quoting forexalien
{quote} Yes - you have slow sto's high going into a BBS, so you drop to the M15 and M5 have the same thing going on. Now this was news related and it takes patience to wait for the move. M1 , M5 , M15 all looked the same and moved the same, at the same time............. H1 sto's were topping, BBS , News and the move............... {image} {image}

alien
then we see clearly that we must look at the trade monthly, weekly, daily, H4 and H1 and entry in M15.
I'm looking at my trades of M15 in up TF's
this week I doubled my account.
Thanks again.
  • #8,354
  • Sep 5, 2014 4:00pm Sep 5, 2014 4:00pm
Quoting forexalien
{quote} LOL, Hurt is when you have been short the USDCAD, up $550, down -$220, up $445, down -$180, up $ 650, up $ 182, and not take the 3 different profits of $500 each, LOL, But I am learning to hold my trades through the ups and downs and not to worry, because the larger TF's tell me it's still going my direction................. Practice , Practice, practice..............it will come to you..........!
Thank you for your words of inspiration.
Work smarter,not harder
  • #8,355
  • Sep 5, 2014 4:05pm Sep 5, 2014 4:05pm
Quoting hugomarques
{quote} alien then we see clearly that we must look at the trade monthly, weekly, daily, H4 and H1 and entry in M15. I'm looking at my trades of M15 in up TF's this week I doubled my account. Thanks again.
Two phrases for you:
►Great job!
►Be careful with leverage, it is your friend and also an enemy.
Work smarter,not harder
  • #8,356
  • Sep 5, 2014 4:08pm Sep 5, 2014 4:08pm
Quoting forexalien
{quote} Lower TF's Train your brain, Scaling in is OK, Learn to trade yourself out of your mistakes.............. Once your in the wrong direction, wait for all TF's to go the opposite direction and enter again, if you break even, get out.
Am so grateful for all that you have tought,am still not clear on the statement above on how to trade yourself out of mistakes.
  • #8,357
  • Sep 5, 2014 4:30pm Sep 5, 2014 4:30pm
Quoting jpadvisor
{quote} Agree. Cross X forming also on H1 and DS on 15 M.
but weekly and daily looks short to me while the DS is for long h1 also for long so now wait for d1 topping to go short?
  • #8,358
  • Sep 5, 2014 4:58pm Sep 5, 2014 4:58pm
Quoting ericoco
{quote} Am so grateful for all that you have tought,am still not clear on the statement above on how to trade yourself out of mistakes.
Its tricky and not without risk.
Assuming you trade with the trend (for examples sake: longterm trend is bearish; down)
You wait for sell signal and enter a sell
Then the market goes against you, a bullish wave up is forming

one way to trade out of your mistake:
- wait for bullish wave to form top
- enter another sell
- when break-even, close both positions.

bear in mind; one of the lessons is "never add to a losing position"
But.... if the trend IS your friend, AND the trend is still bearish there is a good CHANCE you have the opportunity to get out without much damage.
Note: this is not without risk and can cause unwanted large drawdown. You need to do some analysis what the drawdown is that you expect and if you think it is worth the risk.
Alternative is take your loss now.
Being good at what you do is a result of having fun
  • #8,359
  • Sep 5, 2014 6:27pm Sep 5, 2014 6:27pm
Quoting marcof91
{quote} Two phrases for you: ►Great job! ►Be careful with leverage, it is your friend and also an enemy.
for sure my friend
I'm being cautious with leverage, I just took the pips that the market gave me on my work schedule.
used at maximum lots 0.20
  • #8,360
  • Sep 6, 2014 10:10am Sep 6, 2014 10:10am
Quoting Egosuma
{quote} Its tricky and not without risk. Assuming you trade with the trend (for examples sake: longterm trend is bearish; down) You wait for sell signal and enter a sell Then the market goes against you, a bullish wave up is forming one way to trade out of your mistake: - wait for bullish wave to form top - enter another sell - when break-even, close both positions. bear in mind; one of the lessons is "never add to a losing position" But.... if the trend IS your friend, AND the trend is still bearish there is a good CHANCE you have the opportunity...
Thanks so much Egosuma for making that clear
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