Thank you Longfellow!
Alien's Extraterrestrial Visual Systems
- #8,704
- Nov 20, 2014 5:17am Nov 20, 2014 5:17am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
EUR/USD - DAILY
To me this pair is going to test the bottom again before changing the trend.
The 8,3,3 Stoc. is reaching the top while RSIOMA is still flat on 20 line.
ADX 89 and 144 are still high.
The trendline from end of wave 4 is intact and the most recent active high (last swing high from where price made a new low) is very far.
To take into consideration, though, is the divergence on green Stochastic between bottom of wave 3 and bottom of wave 5.
We could be in some corrective wave.
Only time will tell.
To me this pair is going to test the bottom again before changing the trend.
The 8,3,3 Stoc. is reaching the top while RSIOMA is still flat on 20 line.
ADX 89 and 144 are still high.
The trendline from end of wave 4 is intact and the most recent active high (last swing high from where price made a new low) is very far.
To take into consideration, though, is the divergence on green Stochastic between bottom of wave 3 and bottom of wave 5.
We could be in some corrective wave.
Only time will tell.
Per aspera ad astra
- #8,705
- Nov 20, 2014 5:34am Nov 20, 2014 5:34am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
always good to stay on the correct side of the trade, without alien and his system would not be possible to guess, several friends were frustrated when they do not know which direction to go near a high impact news Thanks alien {image}
nice catch. BBS and ADX never lie, also in the lower TF.
Per aspera ad astra
- #8,708
- Nov 20, 2014 8:02am Nov 20, 2014 8:02am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Jpa where can i find bbsqueeze indicator? I searched for the whole topic but cannot find it. Thanks in advance
look for bbs_dark files in the attachments at top right of this thread.
Per aspera ad astra
- #8,710
- Edited 12:02pm Nov 20, 2014 11:30am | Edited 12:02pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
GBP/USD - 4H -
This pair is in downtrend from July.
On H4 TF we see price tried two times to break the 1.56 RN and was pulled back. So we had a double bottom and a double top.
On window 3 we can see that we have now BBS and a DS ongoing to the short side.
If price follows the formers DS we could have a new drop and the final break of the support.
This pair is in downtrend from July.
On H4 TF we see price tried two times to break the 1.56 RN and was pulled back. So we had a double bottom and a double top.
On window 3 we can see that we have now BBS and a DS ongoing to the short side.
If price follows the formers DS we could have a new drop and the final break of the support.
Per aspera ad astra
- #8,714
- Nov 21, 2014 4:34am Nov 21, 2014 4:34am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
With the Alien's systems we've got a magic ball.
Per aspera ad astra
- #8,715
- Nov 21, 2014 12:32pm Nov 21, 2014 12:32pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
EUR/USD - DAILY To me this pair is going to test the bottom again before changing the trend. The 8,3,3 Stoc. is reaching the top while RSIOMA is still flat on 20 line. ADX 89 and 144 are still high. The trendline from end of wave 4 is intact and the most recent active high (last swing high from where price made a new low) is very far. To take into consideration, though, is the divergence on green Stochastic between bottom of wave 3 and bottom of wave 5. We could be in some corrective wave. Only time will tell.
And here we go. The Stochastic slingshot is working out nicely and we'll retest the bottom or maybe will have a new LL.
Per aspera ad astra
- #8,718
- Nov 22, 2014 12:32pm Nov 22, 2014 12:32pm
{quote} - Update - And here we go. The Stochastic slingshot is working out nicely and we'll retest the bottom or maybe will have a new LL.
I have the same comment as for Profit Daily's chart: ADX 7 shows divergence against price (ADX red bars are lower and lower, while the blue bars seem to increase).
Moreover DS is down already and should start rising. This may conflict with the Stochastic 8 3 3 slingshot and stop it. Of course DS could stay down for a long time, but is a risk.
Best regards,
Dragos
- #8,720
- Nov 23, 2014 10:47am Nov 23, 2014 10:47am
- | Commercial User | Joined Jan 2013 | 1,524 Posts
Every man who thinks ahead of his time is sure to be misunderstood.