Alien's Extraterrestrial Visual Systems | Page 444 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CRB Alien!! 215 replies

MT5 indicators for Alien’s trading systems 40 replies

Visual backtest result different from non-visual backtest 0 replies

Systems, Systems and Systems... 1 reply

“Alien Infector,” an MT4 script idea 2 replies

Attachments: Alien's Extraterrestrial Visual Systems
Exit Attachments

Alien's Extraterrestrial Visual Systems

  • #8,861
  • Dec 10, 2014 7:29pm Dec 10, 2014 7:29pm
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...
I didn't intend to make something more of the (wave?) pattern I saw on the Nihilist dashboard than merely hoping to add some additional (hopefully helpful!) "visual" element to an already visual collection of trading systems which Alien has painstakingly developed and shared so effectively. I don't mean for what I noticed to distract from what has already been laid as the foundational components Alien has presented. If it doesn't help in any way or if it clouds an otherwise profitable view of the charts, then simply ignore it.

Regarding the issue of ADX compression/expansion, I consider this indicator to act like the tachometer on a car which indicates how fast the engine is revving up. It tells us when there is power in the market driving price without regard to direction up or down (except for the ADX histogram). The Stochs and RSIoma will give us the direction and clues as to when the power waves may be coming to a rest or reversal.

I'm still learning and reading and haven't begun posting charts here yet, so perhaps others more experienced with this system can give you some guidance. But I would say that if you've been following this thread since December 2013, but haven't posted any charts...then I'm fairly certain Alien would suggest that you begin sharing your charts and discussing setups here in the thread so he and others can assist you in some of these things.
  • #8,862
  • Dec 11, 2014 1:22am Dec 11, 2014 1:22am
EU & GU maybe daily DS short trade incoming...
m1-h4 still long
FXerha
  • #8,863
  • Dec 11, 2014 5:14am Dec 11, 2014 5:14am
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...
Hi dagoods,
it seems difficult to explain the systems other than reading and rereading all Alien's explanations.
As far as the level of ADX compression best value is at or below 10 level.
Per aspera ad astra
  • #8,864
  • Dec 11, 2014 5:21am Dec 11, 2014 5:21am
Quoting rukiver
{quote} 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.
Hi rukiver. Fully agree. There is a trader who sometimes post here whose name is Xiaoxin and he successfully trade the Dax with our system.
See also this thread: "SPX and DAX - CFDs are the place to be".
Cheers
Per aspera ad astra
  • #8,865
  • Dec 11, 2014 5:27am Dec 11, 2014 5:27am
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}
Would you please share your configuration of Nihilist's Ultra ADX indicator? Tnks
Per aspera ad astra
  • #8,866
  • Dec 11, 2014 5:53am Dec 11, 2014 5:53am
Quoting hugomarques
{quote} broke friend JPADVISOR may be a new trend on the way to us Our system will tell {image}
Hi Hugo,
yes it looks like the TL has broken. If it's so we are now in the C wave af a corrective expanded flat. I know you are an Elliott's fan.
P.S. But it's too early to say that is a reversal until the MRAH won't be taken.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 105 KB
Per aspera ad astra
  • #8,867
  • Dec 11, 2014 6:17am Dec 11, 2014 6:17am
I think the best way to learn this system is to have like 5.000 hours of sitting time (10.000 hours it's the common time to master any ability) just watching, doing nothing else but this and getting the examples on this thread, you'll learn how the indicators and the market behaves, and you'll build your confidence. I've been doing this 12 hours each day for the last 5 months by now and it's really paying off.
  • #8,868
  • Dec 11, 2014 8:06am Dec 11, 2014 8:06am
Quoting jpadvisor
{quote} Would you please share your configuration of Nihilist's Ultra ADX indicator? Tnks

Sure thing. I believe I only changed the two "wbuy/wsell" colors.

Attached Image (click to enlarge)
Click to Enlarge Name: Nihilist_ADX_Settings.png Size: 73 KB
  • #8,869
  • Dec 11, 2014 8:31am Dec 11, 2014 8:31am
I don't want to make more out of this than is justified, but I really find this ADX "pattern" to be very intriguing. I have 57 pairs on my terminal and I find it amazing that this diagonal distribution of buy/sell waves is apparent on all of them. It is more "organized" or defined in some than others, but I think that merely supports the fact that FX pairs (and really any market on a chart!) oscillate through periods of smooth trending, consolidation, indecision, and not so smooth trending.

In my mind, this indicator shows us whether a particular pair is trending in an smooth, organized fashion or is more disorganized and choppy. Just another tidbit of information to be used or ignored as the trader sees fit. Nihilist has done a great job of using his coding skills to help us readily "visualize" a LOT of information about the market in a very unique and compact space. Again, if it benefits you, fine. If not, just ignore it.

Attached Image (click to enlarge)
Click to Enlarge Name: ADX_Pattern.png Size: 64 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ADX_Pattern2.png Size: 62 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ADX_Pattern3.png Size: 28 KB
  • #8,870
  • Dec 11, 2014 10:08am Dec 11, 2014 10:08am
Quoting Pipskateer
I don't want to make more out of this than is justified, but I really find this ADX "pattern" to be very intriguing. I have 57 pairs on my terminal and I find it amazing that this diagonal distribution of buy/sell waves is apparent on all of them. It is more "organized" or defined in some than others, but I think that merely supports the fact that FX pairs (and really any market on a chart!) oscillate through periods of smooth trending, consolidation, indecision, and not so smooth trending. In my mind, this indicator shows us whether a particular...
It's a logical pattern for them to follow tbh. There are only 3 basic situations that can occur if you ignore the up/down price direction : trend into opposite trend, trend into consolidation, consolidation into trend.

Keep in mind what an ADX actually is : it takes the amount of movement over an averaged period into account (7 candles, 21, 42, 89 and 144). In an uptrend, more candles in that average will be rising than dropping, so we get a bright green Nihilist square for that one ADX line. The ADX7 will be the first to show a new color, because it only looks at 7 candles, followed by the 21, etcetc.

If all that happened on M1, by the time ADX7-42 are rising, ADX7 from M5 will start to rise. This gives you 3 bright green Squares under M1, and one bright green square under M5. Extrapolate that to M15, with 5 M1 ADX, 3 M5 ADX, and 1 M15 ADX, and you see where the diagonal comes from.

That explains HOW they move, now on to the dark-bright.

consolidation into trend : in consolidation, we basically have up and downtrends (Nihilist square color) without any momentum = no ADX power (dark nihilist square). Long enough consolidation 'resets' the ADX to zero (as many up as down candles in the averaged period), and at the start of a new trend, the ADX picks up immediately on all 5 averaged periods, because ANY move will take the ADX away from zero at this point. On the Nihilist indi, you see the dark squares make room for bright ones in the diagonal fashion.

trend into consolidation : same diagonal movement, this time with dark squares starting to cover the bright ones. The longer ADX periods need the most candles to drop to zero, because they look further back and still 'see' the trending candles from before the consolidation phase.

trend into opposing trend : here is why we miss the first wave of such moves. On the first leg of the new trend, the longer ADX periods are still going with the former (opposite) trend until this gets cancelled out by the new trend. We get 3 dropping ADX, while the 89 and 144 are still rising. By the time the second leg starts picking up, ADX has usually been 'reset', and we can hop in on all five rising ADX.

Draw it out by hand, just sketch price action for all 3 situations and then map out how the ADX behaves in those situations, then draw up the indi's movement. If nothing else, it's fun to run around the house looking for crayons and calling it 'trading'.
The game taught me the game. And it didn't spare me the rod while teaching.
  • #8,871
  • Dec 11, 2014 10:08am Dec 11, 2014 10:08am
the ADX expansion is beautiful to see ...
GJ is the most volatile currency pair

I'm learning to master this wild woman
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyk-m5-exness-ltd.png Size: 153 KB
  • #8,872
  • Dec 11, 2014 10:27am Dec 11, 2014 10:27am
Quoting Pipskateer
I don't want to make more out of this than is justified, but I really find this ADX "pattern" to be very intriguing. I have 57 pairs on my terminal and I find it amazing that this diagonal distribution of buy/sell waves is apparent on all of them. It is more "organized" or defined in some than others, but I think that merely supports the fact that FX pairs (and really any market on a chart!) oscillate through periods of smooth trending, consolidation, indecision, and not so smooth trending. In my mind, this indicator shows us whether a particular...
Hello Pipskateer

Thanks for sharing your thought. I been trying to get your idea into my trading style and its much more helpful and easier to spot trade setup.

Thanks for sharing and god bless you with your kindness.

Mr.AG
  • #8,873
  • Dec 11, 2014 1:24pm Dec 11, 2014 1:24pm
Quoting jpadvisor
{quote} Hi Hugo, yes it looks like the TL has broken. If it's so we are now in the C wave af a corrective expanded flat. I know you are an Elliott's fan. P.S. But it's too early to say that is a reversal until the MRAH won't be taken. {image}

analyzing the graph this week, it really is very difficult to be close to a reversal
the STO 100 sunk in the daily, banks would have to enter into action to raise this price
  • #8,874
  • Dec 11, 2014 3:13pm Dec 11, 2014 3:13pm
Quoting Pipskateer
{quote} Thanks Jpadvisor, very helpful! And yes, those Grade "A" trades/setups are all that we need to be with! You and several others have been in this thread almost from the beginning. Which setups are you favoring after all this time? Are you looking at any longer term position trading setups on the D/W/M charts? Or perhaps the shorter TF setups such as the DS trades?
Hi, I think that with multiTF analysis one can find X Cross; DS and Stoc. slingshot in every pair.
IMHO Ds are more reliable on higher Tf. X Cross are very strong in every Tf. Slingshot are affordable on H4 and Daily.
This is my experience since trading live these systems.
Per aspera ad astra
  • #8,875
  • Dec 11, 2014 3:58pm Dec 11, 2014 3:58pm
Quoting Zimbinga
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.
Yes, I think that combination would also work as well. That blue really didn't fit and just served to make it look more chaotic for me.
  • #8,876
  • Edited 4:16pm Dec 11, 2014 3:59pm | Edited 4:16pm
Quoting Squiggles
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...
LOL...are you a child of the '60's? Haha! Long live the wave for SURE! And thanks to Alien for showing us a better way to SURF 'em!!
  • #8,877
  • Dec 11, 2014 4:15pm Dec 11, 2014 4:15pm
Quoting yaysayer
....Draw it out by hand, just sketch price action for all 3 situations and then map out how the ADX behaves in those situations, then draw up the indi's movement. If nothing else, it's fun to run around the house looking for crayons and calling it 'trading'.

  • #8,878
  • Dec 11, 2014 4:23pm Dec 11, 2014 4:23pm
Quoting Mr.AG
{quote} Hello Pipskateer Thanks for sharing your thought. I been trying to get your idea into my trading style and its much more helpful and easier to spot trade setup. Thanks for sharing and god bless you with your kindness. Mr.AG
Thanks Mr. AG, this entire thread has been about people helping people from the beginning. Alien has managed it well and cultivated an atmosphere where people are encouraged to do their best and to contribute where possible. I am pleased that something I saw helps you in some positive way! Thank you, God has certainly blessed me greatly already!
  • #8,879
  • Dec 11, 2014 4:29pm Dec 11, 2014 4:29pm
Quoting jpadvisor
{quote} Hi, I think that with multiTF analysis one can find X Cross; DS and Stoc. slingshot in every pair. IMHO Ds are more reliable on higher Tf. X Cross are very strong in every Tf. Slingshot are affordable on H4 and Daily. This is my experience since trading live these systems.
Thanks for sharing this info, Jpadvisor! This is very helpful!! I'm about 6800 posts into reading the entire thread at this point and updating my own version of a post summary which I will share once I'm done. I will collate this with the other contributed summaries to make sure I don't miss any important posts.

I'm curious to know if you have ever read the "Building An Equity Millipede" thread here at FF?
  • #8,880
  • Dec 11, 2014 5:39pm Dec 11, 2014 5:39pm
Quoting Pipskateer
{quote} Thanks for sharing this info, Jpadvisor! This is very helpful!! I'm about 6800 posts into reading the entire thread at this point and updating my own version of a post summary which I will share once I'm done. I will collate this with the other contributed summaries to make sure I don't miss any important posts. I'm curious to know if you have ever read the "Building An Equity Millipede" thread here at FF?
Will you do that?
I already have made a PDF about the entire thread.
Here: http://www.forexfactory.com/showthre...70#post7519570
Work smarter,not harder
9 traders viewing now