Alien's Extraterrestrial Visual Systems

On Daily ADX 89 and 144 are still up. So it's a buy the dip.

Will ECB Conference provide what PA needs to move to the direction that i'm looking for?

Didn't work out.That's ok,more setups will arrive.

Thanks for the very nice thread.

Didn't entered the trade to the long side because it broke to the downside (on H4) and also spotted bearish divergence on weekly tf on 21 sto.

And it gets better if all post their charts and opinions.

EUR USD H4 Maybe we get a H4 DS Setup

A DS setup or a X cross setup to the long side. One of them will work. Lol
EDIT: Ops! Only opened the mt4 now and saw what did work.

Congrats everyone here having identified the trending pairs and hoping today has been a very profitable day.

Hi Alien,
First, thank you for all your knowledge. I am still in the process of going through all of the posts so I am still a beginner. Wondering what you think about AUDCAD pair.

1D:
-RSIOMA blue line is at the bottom and appears to turn up.
-Delay Stochastic green line is about to turn up (up trend from the trend line)

-4H:RSIOMA blue line is above 50%
-but Delay Stochastic is on its way down

-1H
-RSIOMA blue is coming down close to 20
-Delay Stochastic is about to turn up.

As for ADX lines at the very bottom, where do I find the ADX light tables I see on your charts if its previously shared? Per the 1D chart, is ADX showing that this pair is still in the down trend? (but 7, 21, 42 line is about to turn downwards).
Would you buy at this point?

Where are you Alien? I miss you. This thread isn't the same without you.

You will find the 'light' indi versions in a post from FXkebab. (dont know how familiar you are with ForexFactory, so forgive me if i'm stating the obvious : at the top of the page, you will find a 'linked chain' symbol, currently has the number 3121 next to it. Search the attachment list for FXkebab's posts and you should find a ZIP file that contains all 'light' indi's and a template to make things even easier)

You're still missing the window with the 3 stochastic oscillators.

As for your analysis : I think you are falling into the trap of trying to predict trend change. This system can do that to some extent, but you need the 3-stoch window (divergences, topping/bottoming, you'll read all about those as you dig through the thread). In my experience so far, looking for these reversals can give a lot of frustrating false signals ----> DEMO DEMO DEMO (or microlots for 'reality').
Where the systems truly shines is in catching the second and third leg of a trend. On the first leg of the new trend, your ADX's will hardly show any expansion at all because they are still under influence of the previous trend. Once the new trend pauses a while, you will be able to detect 'tension' in price through the RSIOMA and stoch window (the slingshot or rubberband trades as we call em). When you see those setups, drop down a timeframe and wait until all 5 ADX starts expanding, THEN enter. You will miss the first leg of the new trend, but you will lose a lot less on getting stopped out of false reversal signals.

personal opinion of AUDCAD : everything is pointing down, but that Nihilist ADX indi is way too mixed for entries at the moment. We're in a support/resistance zone (zoom the daily graph completely out, we're talking 2011 here), and i cant find anything in the stochs that points to upside. The 8-stoch on the weekly looks like it is time for a little leg up, but the daily is still looking down to me. So : i think it will drop a bit more, but would not enter trades at this point.

Welcome to the thread and to the system, and have fun wrestling through the thread. (seriously, read the entire thread, then read it again. Twice! And take notes. There is a very helpful pdf in the attachments with Aliens more important posts, but still : read the thread)

thank you yaysayer. I am still not that familiar with Forex Factory. Would you mind providing a link to the page where FXkebab attached the light indicator? I will be sure to read through all the posts and I am eager to learn more about the 3 stochastic and how to use them.

http://www.forexfactory.com/showthre...47#post7191847

Thanks for the link. I was able to find and install the color_stochastic file but still not able to find the light indicator for ADX. I believe I did load it to the right place (within mql4\templates. I put the #AL13N.tpl file there. Please let me know if this is not the right indicator.

I also tried to load the file "green Stochastics" but couldn't get it looking like Alien's examples. Would someone be able to tell me exactly which indicator/file to use and if I need to change up the settings in inputs and colors? much appreciate it.

If you want to replicate in a new template 3 sto window system like alien uses, try using color_stochastics indicator.

Put 3 color_stochastics on the same window, using configuration 8.3.3 , 21.10.10 , and 100.10.10 on each one and then configure colors of your preference

You should be fine

I used the template provided in post 70

DAX analysis -
Monthly looks still long but ADX 21 is going to cut down the ADX 89 and last time it happened on sept. 2011 it dropped hard.
Weekly there is a X Cross ongoing on Stochastics and RSIOMA is cutting down the 50 line.
Daily is damn short and looking for a bottom.
H4 is bottoming with ADX still expanding.
H1 also is bottoming with ADX expanding.
IMHO The trend is clearly short now, but to enter in the direction of the trend we look for a retracement for a better R/R and go to retest August's bottom.

Eur/Usd is in consolidation mode. I'll sell the hights because every now and then she will drop to gain strength.