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  • #8,601
  • Oct 30, 2014 1:09pm Oct 30, 2014 1:09pm
after the m15 h1 h4 topping and seeing the short move develop for around 80 pips we found a temporary bottom on m15 with bbs so we had:

m15- 3 sto bottoming with bbs and breaking

h1 - sto 8.3.3 got oversold below level 20 and pushed up again driven by m15 and dragging sto 21.10.10 along, adx showed long momentum and after bbs it gave another push long.

h4 - rubber band effect between sto 8.3.3 and other two stos

long trade entered on m15 giving 100 pips now

Now we see again m15 h1 and h4 about to top again. m15 rsioma and h4 rsioma pressed against top and divergence on h1.
so short move coming up again soon
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  • #8,602
  • Oct 31, 2014 1:46am Oct 31, 2014 1:46am
Quoting Gonzaga
after the m15 h1 h4 topping and seeing the short move develop for around 80 pips we found a temporary bottom on m15 with bbs so we had: m15- 3 sto bottoming with bbs and breaking h1 - sto 8.3.3 got oversold below level 20 and pushed up again driven by m15 and dragging sto 21.10.10 along, adx showed long momentum and after bbs it gave another push long. h4 - rubber band effect between sto 8.3.3 and other two stos long trade entered on m15 giving 100 pips now Now we see again m15 h1 and h4 about to top again. m15 rsioma and h4 rsioma pressed against...
also nice example

whats with this? GBPUSD D1 DS (developing) H1 DS -> conclusion: another pushdown soon. But! The Stos in weekly and H4 (8,3,3 and 21,10,10 not the 100) are bottoming. RSIOMA at 20 in H4 Do you think there is still place for some pips? nearly same setup in AUDUSD,NZDUSD,EURUSD
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  • #8,603
  • Oct 31, 2014 3:29am Oct 31, 2014 3:29am
Quoting rukiver
{quote} also nice example whats with this? GBPUSD D1 DS (developing) H1 DS -> conclusion: another pushdown soon. But! The Stos in weekly and H4 (8,3,3 and 21,10,10 not the 100) are bottoming. RSIOMA at 20 in H4 Do you think there is still place for some pips? nearly same setup in AUDUSD,NZDUSD,EURUSD {image}
As supposed..... DS neglected because of low stos...

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  • #8,604
  • Oct 31, 2014 4:00am Oct 31, 2014 4:00am
Quoting rukiver
{quote} thanx again @ guymontag & jp! indeed interesting how NZDUSD was build up to a topping before FOMC. It Looks like it was prepared for a drop. more conservative entry could be here after the first 5 min candle.{image}
Yes, absolutely. Wait for the news and drop to the 1min chart. This is what I try to do before news time.

If your platform is good and it hasn't frozen due to the surge of activity, you can trade based on what you see on the 1min chart. A perfect example is just today. After the Bank of Japan announcement of more stimulus, the Yen crosses all went Overbought. 8STO, 21STO, 100STO + RSIOMA all in Overbought. The kicker is ADX expansion. This is the magic. wait for a few minutes and then pile in. 100 to 200 Pips+ in a few hours.

Take profit if 100STO breaks OB if you want to play it safe, but with Alien waves it translates across. so ADX expansion maybe be seen on the 5min, 15 min, 1hr possibly. so the theory is, if the 1hr chart is showing all stochastics Overbought, you could probably wait till the 15min chart was showing signs of trend reversal. Therefore it is too premature to take profits too early from looking at a 1min chart. It depends on your risk profile, experience, trust in Alien indicators.

I am still learning though, I have a lot of fear that I need to conquer, so the Alien system works well, its the driver that needs work...
"It's life, Jim, but not as we know it."
  • #8,605
  • Edited 6:26am Oct 31, 2014 5:48am | Edited 6:26am
USDJPY Weekly -
look at the power of these DS trade long. Conservative entries as always are at the D. Stochastic cross (green vertical lines).
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Per aspera ad astra
  • #8,606
  • Oct 31, 2014 5:56am Oct 31, 2014 5:56am
Quoting guymontag
{quote} Yes, absolutely. Wait for the news and drop to the 1min chart. This is what I try to do before news time. If your platform is good and it hasn't frozen due to the surge of activity, you can trade based on what you see on the 1min chart. A perfect example is just today. After the Bank of Japan announcement of more stimulus, the Yen crosses all went Overbought. 8STO, 21STO, 100STO + RSIOMA all in Overbought. The kicker is ADX expansion. This is the magic. wait for a few minutes and then pile in. 100 to 200 Pips+ in a few hours. Take profit...
Alien always says "stay in the trade untill ADX 89 and 144 turn" as far as I remember.
Per aspera ad astra
  • #8,607
  • Oct 31, 2014 6:07am Oct 31, 2014 6:07am
Quoting Gonzaga
after the m15 h1 h4 topping and seeing the short move develop for around 80 pips we found a temporary bottom on m15 with bbs so we had: m15- 3 sto bottoming with bbs and breaking h1 - sto 8.3.3 got oversold below level 20 and pushed up again driven by m15 and dragging sto 21.10.10 along, adx showed long momentum and after bbs it gave another push long. h4 - rubber band effect between sto 8.3.3 and other two stos long trade entered on m15 giving 100 pips now Now we see again m15 h1 and h4 about to top again. m15 rsioma and h4 rsioma pressed against...
well done my friend.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #8,608
  • Oct 31, 2014 11:54am Oct 31, 2014 11:54am
Done for the week and month. Hope also others rode this $ run. Let'us see what new month brings. Happy w.e.
Per aspera ad astra
  • #8,609
  • Oct 31, 2014 1:21pm Oct 31, 2014 1:21pm
Don't forget the saying "the trend is your friend".
Here is Aud/Jpy H1. The trend in the upper TF is up (RSIOMA over 50).
In H1 you find the signal of last move. BBS and RSIOMA over 50. Sto 21,10,10 cross sharply the 50 line and we have the contraction and then expansion of all ADX. If you scroll down to 5 M. TF you see better the ADX move.
This is an example of what Alien call "a safe entry"
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Per aspera ad astra
  • #8,610
  • Oct 31, 2014 5:53pm Oct 31, 2014 5:53pm
Good teachings indeed!
I have a lot of study to do.
  • #8,611
  • Oct 31, 2014 6:37pm Oct 31, 2014 6:37pm
Today was such a good day for Alien and JPY !
All pieces came together beautifully. I was monitoring JPY crosses with USD, GBP, EUR and NZD. All worked nicely.

I certainly hope we get more opportunities like this.
Being good at what you do is a result of having fun
  • #8,612
  • Nov 2, 2014 1:13pm Nov 2, 2014 1:13pm
@ Guymontag
In order to understand better your idea (kicker ADX expansion), when would it be the exact moment for the long entry?
Thank you in advance.
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  • #8,613
  • Nov 2, 2014 4:24pm Nov 2, 2014 4:24pm
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refer to JPadvisors post above.

The waves within waves. ADX expands from the 1min to the 5 min to the 15min to the 1hr if strong to the 4Hr.

This sort of thing doesn't always happen and obviously not every news item. But you do see a similar thing on some news items. These are good trade opportunities. if you don't see ADX expand and you see RSIOMA breaking out of OB and Stochastics quickly dropping after news, then you need to have an exit strategy if you went in too quickly. You don't want to be in the backflush of a retrace that suddenly turns into a reversal.

if its not clear, keep looking at the charts this system takes time to grasp. I have been demoing this for 10 months as I am risk averse slow learner. But determined above everything else. It has finally started to sink in.
"It's life, Jim, but not as we know it."
  • #8,614
  • Nov 2, 2014 7:22pm Nov 2, 2014 7:22pm
I forgot to add

trading immediately after news is always high risk, so you need good money management and smaller lot sizes just in case you see a big stop hunt.

also check between the 5 min and 15min charts. we are looking for ADX expansion on these, it tells you to keep in the trade. without these expansions, it is not A-grade.
"It's life, Jim, but not as we know it."
  • #8,615
  • Nov 3, 2014 4:58am Nov 3, 2014 4:58am
USD/JPY 5 M.
Momentum is strong. On M. 5 we follow the BB slopes and set 2 lines when there is a BBSqueeze.
The red dots advise us of a big move and there is a DS on RSIOMA; then all ADX conctract and we have a new push up.
Note that on Stochastics there was a X cross trade and when 8,3,3, and 21,10,10 keep going the same direction we have a larger move.
Hope it helps.
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Per aspera ad astra
  • #8,616
  • Nov 3, 2014 4:23pm Nov 3, 2014 4:23pm
All the Yen crosses provided good trade opportunities yesterday. I took a EJ demo long that worked out very well.

I found that if I take a LOT of screen shots of each time frame 1min, 5min, 15min, 1hr, 4hr. I can start to see a lot of patterns. I also write a heap of notes, on the screen shot as well as journalising all trades in a WORD document as well as journalising my feelings about the trade why I entered, why I took profit, what I did see, what I didn't see.

I then try to review what I have wrote on the weekend as well as go over other pairs that I didn't trade.

I then do a pair analysis for the week ahead, specifically focussing on M, W, D and 4hr time frames. I used to neglect this or I would do it haphazardly and found that I was getting stopped out on the lower time frames because the higher time frames had swung against me. Top down approach is the only way to go.

hope it helps the newcomers.
"It's life, Jim, but not as we know it."
  • #8,617
  • Nov 3, 2014 5:17pm Nov 3, 2014 5:17pm
Quoting guymontag
focussing on M, W, D and 4hr time frames. I used to neglect this or I would do it haphazardly and found that I was getting stopped out on the lower time frames because the higher time frames had swung against me. Top down approach is the only way to go. hope it helps the newcomers.
I also agree with you because i already have been there,now i only do top down approach.
Work smarter,not harder
  • #8,618
  • Nov 4, 2014 12:55am Nov 4, 2014 12:55am
Top down approach is usefull because i think the big money is trading higher tfs so they have the force to move the price

EURUSD maybe STO rubberband setup in H4 H1 STO 21 & 8 are topping M15 all Stos are topping now waiting for a movement down in this case lower tf move higher tf question is when to enter? Maybe we have a bottom in the weekly?

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  • #8,619
  • Nov 4, 2014 1:38am Nov 4, 2014 1:38am
Quoting rukiver
Top down approach is usefull because i think the big money is trading higher tfs so they have the force to move the price
Yes Big Money have the force to move the price. But that's not the higher TFs which are moving the price.

The price is the same in all TFs BTW.

The lower TFs are moving the higher ones. Remember the MTF waves dance: the start of the reversal is from the lower TFs ... and then drive the higher ones.
MT4/MT5 EAs/Indicators/Alerts coder
  • #8,620
  • Nov 4, 2014 3:27am Nov 4, 2014 3:27am
Quoting FerruFx
{quote} Yes Big Money have the force to move the price. But that's not the higher TFs which are moving the price. The price is the same in all TFs BTW. The lower TFs are moving the higher ones. Remember the MTF waves dance: the start of the reversal is from the lower TFs ... and then drive the higher ones.
So you should trade against higher TFs??
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