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  • #8,841
  • Dec 9, 2014 10:26am Dec 9, 2014 10:26am
i think eu daily has find its bottom..all tf m1-daily strong momentum for long trade
FXerha
  • #8,842
  • Dec 9, 2014 11:32am Dec 9, 2014 11:32am
Quoting FXerha
i think eu daily has find its bottom..all tf m1-daily strong momentum for long trade
Hi FXerha,
to me until the pink TL isn't broken and the MRAH is still in place there is no reversal.
RSIOMA is still flat under 20 and Stochastics should all bottom before bouncing.
This is my two cents.
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Per aspera ad astra
  • #8,843
  • Dec 9, 2014 12:12pm Dec 9, 2014 12:12pm
I don't know if this will be helpful, but I noticed a pattern using Nihilist's Ultra ADX indicator after I made some adjustments to the color scheme. He was using a blue and orange color to indicate a "weak buy/weak sell" and red and lime green for the full strength buy/sell. I changed the blue and orange to a muted forest green and firebrick red color and started considering that these "weak buy/sell" signals were a sort of "transition" period where the ADX is changing from weak to strong or vice versa.

Does anyone else notice a pattern here?

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I wasn't able to see this with the original color scheme. I think this could be useful. It seems to me this is a visualization of wave transitions going from powerful buy > weak buy > weak sell > powerful sell....back and forth. Can you see the "waves" spread across the pairs from lower TF to higher TF and from short period ADX to higher period ADX?
  • #8,844
  • Dec 9, 2014 1:11pm Dec 9, 2014 1:11pm
For me its the blue that clashes on Nihilist's Ultra ADX indicator, I have changed it to olive and left the red & orange as is.
  • #8,845
  • Dec 9, 2014 1:40pm Dec 9, 2014 1:40pm
Quoting marcof91
{quote} It's developing a DS trade but at the same time the 21 sto is dropping and 8,3,3 sto is raising for a X cross trade (on daily tf). We need to wait and see,but for now is dropping. ​
And down is going. The DS setup is now ignored because of RSIOMA falling below 80 level.
Work smarter,not harder
  • #8,846
  • Edited 1:58pm Dec 9, 2014 1:48pm | Edited 1:58pm
[quote=Pipskateer;7931902. Does anyone else notice a pattern here?

Hi Pipskateer, I tried to find 'A' pattern but it just looks trippy to me. Maybe I am too old for digital formats, Aliens are ancient and analog is continuous. long live the wave...
  • #8,847
  • Dec 9, 2014 2:19pm Dec 9, 2014 2:19pm
Quoting jpadvisor
{quote} Hi, Mr.AG you are right. Indices are very much sensible to each event. Best way to trade them I think is intraday following ADX. You see the DS long on H4 I posted didn't work out.
Hi JP i think you are right. especially the dax the traders are neglecting the setups in the last seconds often.when they have trapped enough people.so here it is very important to wait for confirmation. thats my experience. and after confirmation follow the trend.
  • #8,848
  • Edited 4:56pm Dec 9, 2014 2:22pm | Edited 4:56pm
Quoting Pipskateer
I don't know if this will be helpful, but I noticed a pattern using Nihilist's Ultra ADX indicator after I made some adjustments to the color scheme. He was using a blue and orange color to indicate a "weak buy/weak sell" and red and lime green for the full strength buy/sell. I changed the blue and orange to a muted forest green and firebrick red color and started considering that these "weak buy/sell" signals were a sort of "transition" period where the ADX is changing from weak to strong or vice versa. Does anyone else notice a pattern here? {image}...
This way is more visual.
You found the core of this system, ADX contraction and expansion! The momentum trading.
Attached Images
Per aspera ad astra
  • #8,849
  • Dec 9, 2014 5:06pm Dec 9, 2014 5:06pm
Quoting jpadvisor
{quote} This way is more visual. You found the core of this system, ADX contraction and expansion! The momentum trading.
Yes! That's exactly what it looks like to me. Notice that the "waves" roll across the indicator in a diagonal pattern from lowest TF to highest TF and you can see it on every pair in almost this same fashion. Some pairs are more defined than others, but you can definitely see a transition from bright green > dark green > dark red > bright red or in the opposite direction.


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  • #8,850
  • Dec 9, 2014 9:40pm Dec 9, 2014 9:40pm
Quoting vspatrick
{quote} I have to say that I agree with FerruFX (and Alien of course ), I have been stacking small positions "attached" to different timeframes. Exiting with 89/144 related to the same TF is really rewarding. Let say I see an opportunity on H4 or H1 confirmed with lower TFs, I will divide my position in different small positions. Each ticket related to 1 TF not to loose track. Then following the 89/144 rule on each TF: 1 to exit on H4 1 to exit on my entry TF 15min for an "immediate" reward. 1 to exit on D1/W1 or M if they follow the same trend...

Very nice technique!! Is that still working for you?
  • #8,851
  • Edited 1:17am Dec 10, 2014 1:00am | Edited 1:17am
Quoting marcof91
More easy than this is impossible. Just set and forget. {image}
I noticed this one as well a while ago. I took quite a lot pips on this one
Though now it seems to have lost its temper and yesterday I closed all my longs

NB, for people interested in the USD/RUB, beware that the pair can make very high jumps erratically, both up and down. 100 points against you within 1 minute is not uncommon. Plus, for moneymanagement sake, the pair is more expensive than the more regular pairs.
Being good at what you do is a result of having fun
  • #8,852
  • Edited 10:03am Dec 10, 2014 9:25am | Edited 10:03am
a special thanks to our mentor and sensei
ALIEN
Thank you for sharing this incredible system


Note that I added a second ADX
with the settings of the waves of Elliot
2,8,34,55,144 the complete cycle
perfect to scalper
test and post
I still test settings, thank you
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  • #8,853
  • Dec 10, 2014 10:22am Dec 10, 2014 10:22am
trade DS
in force and respecting the rules
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  • #8,854
  • Dec 10, 2014 11:44am Dec 10, 2014 11:44am
Quoting hugomarques
{quote} dragos, I use the alien system so obviously I'm one step ahead of the others, this week I am more focused. But it's incredible, how humans behave in the market, the fear of losing and always stop at resistance and support line, until the banks just to play and break lines With adx and BB can see when sharks are in the game
please detail on adx/bb - sharks if possible on a chart
  • #8,855
  • Dec 10, 2014 12:33pm Dec 10, 2014 12:33pm
Quoting dragos_
{quote} please detail on adx/bb - sharks if possible on a chart
above the images of ADX and BB
and hundreds in the topic
if you read all the topic know what I'm talking about
when sharks appear

a tip that everyone who works with the alien system
is read the whole topic, as many times as necessary until you know the entry and exit rules
Has no easy way, but the time spent will be worth it for sure
  • #8,856
  • Dec 10, 2014 2:43pm Dec 10, 2014 2:43pm
Quoting hugomarques
{quote} above the images of ADX and BB and hundreds in the topic if you read all the topic know what I'm talking about when sharks appear a tip that everyone who works with the alien system is read the whole topic, as many times as necessary until you know the entry and exit rules Has no easy way, but the time spent will be worth it for sure
no I don't know. but never-mind
  • #8,857
  • Dec 10, 2014 4:05pm Dec 10, 2014 4:05pm
Quoting Pipskateer
{quote} Yes! That's exactly what it looks like to me. Notice that the "waves" roll across the indicator in a diagonal pattern from lowest TF to highest TF and you can see it on every pair in almost this same fashion. Some pairs are more defined than others, but you can definitely see a transition from bright green > dark green > dark red > bright red or in the opposite direction. {image} {image}

PIPS TX.

Dearest Mr. Alien, fellers, i've been long time lurker since the beginning. if I may ask please.... Is there any way to quantify an adx and a direction better than it was or wasn't greenish or reddish or squiggly or sloping enough? i humbly ask you all because i am finding it difficult to read the indicators charts posted due to only my own fault. I for one would be forever grateful and sincerely more comfortable with actual mathematical, numerical rules, and if possible alerts for all kinds of good reasons.

Specifically regarding the adx mtf analysis, is there a specific value that constitutes compression, does it have to last a certain period of time, when, or what exactly qualifies as a change to expansion. All responses are mucho appreciated. i'm most interested in finding correct direction in the markets for day trading. i wonder if i've simply missed it. If so, forgive me.

Which timeframes exactly must be turned is also a question i'm needing help with to answer my left brains desire to know. has that been said exactly what the rule is....compression, however defined, turns to expansion, however defined, from 1 to 5 to 15 min turns over )lets say to green)...that much i recall.... does that mean all the other timeframes are turned green already exepct 1 hour or exepect 4 hour, or both? i recall alien mentioned but to be honest the answer given confused me. prolly just me. I hope y'all can help.


Fantastic Theard!
Thanks Guys!
  • #8,858
  • Dec 10, 2014 4:35pm Dec 10, 2014 4:35pm
Quoting dagoods
{quote} PIPS TX. Dearest Mr. Alien, fellers, i've been long time lurker since the beginning. if I may ask please.... Is there any way to quantify an adx and a direction better than it was or wasn't greenish or reddish or squiggly or sloping enough? i humbly ask you all because i am finding it difficult to read the indicators charts posted due to only my own fault. I for one would be forever grateful and sincerely more comfortable with actual mathematical, numerical rules, and if possible alerts for all kinds of good reasons. Specifically regarding...
dagoods hi,

first of all, I have to notice that you have been a lurker for a looong time because the beginning was very long time ago so it took you 1 year to realize is difficult to read the indicators.. you must be very ambitious
I understand your approach, people us have their specific way of assimilating things, allthough I suspect - sorry if I am mistaken (and this point is not important anyway) - there is an intention to maybe automate it based on some mechanical rules..
However I believe you will not find the answer you are looking for, because this system is based on momentum, is very visual, considers very much the dynamics of the market and the "feel" of the market. there are several rules which can be considered as mechanical such as the ones related to 20,50,80 values for stochastics and RSIOMA, but the ADX is more based on expansion relative to a chosen timeframe (so values of ADX for compression are different for each timeframe). I think you can think of some "rules" for ADX yourself if you really want to.
but anyhow congratulations for stepping into the light! this is probably my message to you.

Good luck with your trading,
Dragos
  • #8,859
  • Dec 10, 2014 4:41pm Dec 10, 2014 4:41pm
Quoting dagoods
{quote} PIPS TX. Dearest Mr. Alien, fellers, i've been long time lurker since the beginning. if I may ask please.... Is there any way to quantify an adx and a direction better than it was or wasn't greenish or reddish or squiggly or sloping enough? i humbly ask you all because i am finding it difficult to read the indicators charts posted due to only my own fault. I for one would be forever grateful and sincerely more comfortable with actual mathematical, numerical rules, and if possible alerts for all kinds of good reasons. Specifically regarding...
It's worth it to glance at the thread title and eliminate the humorous stuff, you're left with 'Visual Systems'. Asking for exact numbers is a bit like trying to buy gasoline in an apple orchard (I did once buy apples at a gas station though). However, as far as I recall, these have been discussed previously :
-ADX grade A compression : all ADX < 20, or even 15
-separation between RSIOMA and DDS for slingshot trades : roughly 50 or higher
-20, 50, 80 levels on stochs/RSIOMA

Your other question is harder to answer. From the way you ask it, are you sure you spent enough time looking at the ADX graphics before you started staring yourself blind on the Nihilist indi? I learned a great deal from watching the graphics, just pick one recent major leg on W or D, drop to find the components of that leg (abc or abcde), mark those, drop down further, mark again, etc. This will show you what the ADXs do at different stages in a move, WAAY clearer than the Nihilist indi. Try this for a number of moves : trend reversal, trend after consolidation, swings withing consolidation, ...

I'm not trying to discredit Nihilist here, I use the indi a lot myself, but to me it's a tool while cycling through currencies i'm expecting movement in, not a tool to spot setups but a tool to rapidly see the start of a move/major alignment.

Hope it helped a bit
The game taught me the game. And it didn't spare me the rod while teaching.
  • #8,860
  • Dec 10, 2014 6:52pm Dec 10, 2014 6:52pm
Quoting jpadvisor
{quote} Hi FXerha, to me until the pink TL isn't broken and the MRAH is still in place there is no reversal. RSIOMA is still flat under 20 and Stochastics should all bottom before bouncing. This is my two cents. {image}

broke friend JPADVISOR
may be a new trend on the way to us

Our system will tell
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