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Alien's Extraterrestrial Visual Systems

  • #9,141
  • Edited 1:20pm Jan 8, 2015 12:09pm | Edited 1:20pm
Quoting FXerha
wave AB=CD wave 1=3? or wave 3 = 2 times wave 2
For what i understand is this(not by that equation):Wave 3 usually is 2x longer than wave 1.
Wave 4 is half (1/2) of the move of wave 3 (wave 1 too?)
Wave 2 is an ABC(123) correction (wave 4 too)
Maybe i'm wrong,but i'm saying from my memory,i didn't search about it.
From perspective of maths would be: wave A + wave B have the same length of wave C + wave D
Work smarter,not harder
  • #9,142
  • Jan 8, 2015 1:48pm Jan 8, 2015 1:48pm
Quoting forexalien
{quote} TIP: If you are looking to become a better trader, it is wise to practice posting on this thread, as it will strengthen your thoughts and ability to analyse each time frame of a pair. always start with the month and work your way on down, look for which TF's are the trend (using the RSIoma and Sto's ) and which TF's are in retracement mode. ( Like the DS pulling away from the RSIoma ) Trade the trend and not the retracement, also trade the direction of the larger TF's when using lower TF's to trade off of, this way the trade may go against...
Always remarkable to remember those advices.
Work smarter,not harder
  • #9,143
  • Jan 8, 2015 6:18pm Jan 8, 2015 6:18pm
Quoting marcof91
{quote} Always remarkable to remember those advices.
Will share any setup soon...great advice from him
FXerha
  • #9,144
  • Jan 9, 2015 6:09am Jan 9, 2015 6:09am
Still working on assembling a new tradestation and my new trading plan.
Have a look at this about discipline!
Attached File(s)
File Type: pdf Doug Zalessky 25 points Mantra.pdf   122 KB | 710 downloads
Per aspera ad astra
  • #9,145
  • Jan 9, 2015 2:27pm Jan 9, 2015 2:27pm
hi guys
for the nichilist CSM, is possible to export the data in file CSV? i need the data of CSM indi on file CSV because i can use in excel.....
can you help me?
please repond me
  • #9,146
  • Jan 9, 2015 7:11pm Jan 9, 2015 7:11pm
Hi Guys,
Well I just made it through the my first pass of reading all the posts. It took me about 6 weeks. I am diving in for a second time. I look forward to sharing some charts with this group in the future. Alien's being away from the forum has given me time to catch up! It is amazing material and I am very impressed with the progress a number of you have made over the last year.

Thanks Alien and Thanks Future Friends.
  • #9,147
  • Jan 10, 2015 12:16am Jan 10, 2015 12:16am
NZDUSD weekly - divergence spotted stoch 21,rsioma under 20 short only,price had found bottom
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDmicroWeekly.png Size: 68 KB
FXerha
  • #9,148
  • Jan 10, 2015 3:43am Jan 10, 2015 3:43am
Quoting FXerha
NZDUSD weekly - divergence spotted stoch 21,rsioma under 20 short only,price had found bottom {image}
Thanks for the heads up. I see daily, 4hr and hr have not bottomed yet. I am waiting before entering. Probably sometime next week will raise an opportunity to enter.
Also watching gold for assurance, NZD and gold are correlated.
Being good at what you do is a result of having fun
  • #9,149
  • Jan 10, 2015 5:04am Jan 10, 2015 5:04am
Im waiting for h4/h1 topping then i short it for wave 3..potential setup..other pair i did not look out yet..anyone here is welcome to contribute an idea/setup
FXerha
  • #9,150
  • Jan 10, 2015 5:12am Jan 10, 2015 5:12am
Quoting FXerha
Im waiting for h4/h1 topping then i short it for wave 3..potential setup..other pair i did not look out yet..anyone here is welcome to contribute an idea/setup
Sorry i am away from my trading computer but last night I could see the following setups:
SELL xxx/USD
SELL xxx/NZD
SELL xxx/JPY

Thursday & Friday was a breather for these pairs to go to overbought. Above are only my observation based on H4 Dont follow me though blindly
Be the change that you want to change
  • #9,151
  • Jan 10, 2015 7:50am Jan 10, 2015 7:50am
Quoting FXerha
Im waiting for h4/h1 topping then i short it for wave 3..potential setup..other pair i did not look out yet..anyone here is welcome to contribute an idea/setup
Looks like the Daily is coming up, RSIOMA crossed 50 up, BB squeeze, 21,10,01 above 50 and angled up. Wouldn't we want the Daily RSIOMA on the ground and then sell the retracement of the 4hr? Of course I am just learning, so please correct me.
  • #9,152
  • Jan 11, 2015 12:04am Jan 11, 2015 12:04am
Quoting mcfresh
{quote} Looks like the Daily is coming up, RSIOMA crossed 50 up, BB squeeze, 21,10,01 above 50 and angled up. Wouldn't we want the Daily RSIOMA on the ground and then sell the retracement of the 4hr? Of course I am just learning, so please correct me.
yes..we have to confirm every tf had found its topping (LONG retracement for weekly DDS) and moving down to earth...better on short side now but patient needed if u follow weekly potential SHORT setup...
FXerha
  • #9,153
  • Jan 11, 2015 8:11am Jan 11, 2015 8:11am
Check this link. It's worth reading for understanding elliot waves.
http://en.wikipedia.org/wiki/Elliott_wave_principle
Work smarter,not harder
  • #9,154
  • Jan 11, 2015 8:28am Jan 11, 2015 8:28am
what do u think about nzdusd weekly marco???
FXerha
  • #9,155
  • Jan 11, 2015 3:56pm Jan 11, 2015 3:56pm
Quoting FXerha
what do u think about nzdusd weekly marco???
I'm sitting on my hands on this pair because i think we are at the beginning of wave 2 on weekly tf.
Maybe i'm wrong but i don't like what i see on this pair, if a retracement happens then i will keep in mind shorting it.
On monthly tf looks like a X cross setup may form (21 sto crossing 50 line and 8,3,3 sto rising for a slingshot).
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDWeekly.png Size: 81 KB
Work smarter,not harder
  • #9,156
  • Jan 12, 2015 4:34am Jan 12, 2015 4:34am
Quoting Eod
hi guys for the nichilist CSM, is possible to export the data in file CSV? i need the data of CSM indi on file CSV because i can use in excel..... can you help me? please repond me
Hi Eod,
for your purpose I think you need the .mql file, but we don't have it as you can see in the attachments. Try to ask the creator, Nihilist. Cheers.
Per aspera ad astra
  • #9,157
  • Jan 12, 2015 4:51am Jan 12, 2015 4:51am
Hi FXerha and Marco,
to me for Nzd/Usd we have to look at the whole picture.
On Weekly we have a clear downtrend, and price is now consolidating for a possible new downmove; but as you know Weekly takes months to evolve.
If you look at Daily there are three months of consolidation and the market is ranging. There are plenty of BBS but still no strong move.
If you wanna trade in this situation sell the pullbacks but with tight stops.
These are my two cents.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 119 KB
Per aspera ad astra
  • #9,158
  • Jan 12, 2015 5:26am Jan 12, 2015 5:26am
Quoting jpadvisor
Hi FXerha and Marco, to me for Nzd/Usd we have to look at the whole picture. On Weekly we have a clear downtrend, and price is now consolidating for a possible new downmove; but as you know Weekly takes months to evolve. If you look at Daily there are three months of consolidation and the market is ranging. There are plenty of BBS but still no strong move. If you wanna trade in this situation sell the pullbacks but with tight stops. These are my two cents. {image}
i see at the daily with jp s Picture a divergence in rsioma. I would trade therefore NZDUSD Long in the lower TFs. with , of course ADX Expansion etc. Also with tight stops. my 2 cent
  • #9,159
  • Jan 12, 2015 5:43am Jan 12, 2015 5:43am
Friends,
I'd recommend every day to watch the CSM before taking trades, to see which currency is stronger and which is weaker and to choose accordingly, finding then the right setups in the lower TF.
This is H4.
Attached Image (click to enlarge)
Click to Enlarge Name: CSM.png Size: 83 KB
Per aspera ad astra
  • #9,160
  • Jan 12, 2015 5:49am Jan 12, 2015 5:49am
Hello guys,

how is it going?

Here is my view of NZD/USD:

1. Monthly-we have 4 dojis on monthly tf and it is clearly visible that we are in range period and currently there is indecision should this support zones break or not.... but who trade and care about monthly's no?

weekly-fast stochastic comes from oversold zone and we may see a slingshot,no adx power and RSIoma is in clear downmove....this chart telling me to wait althought hint may be sell until prove different but i need more data from lower tf

daily-RSIoma create divergence and start to moving up a litlle bit creating range ,fast stoch create divergence over the price,bbs is there so more indecision is there will PA go up or down

H4-fast stoch bcreating slingshot but RSIoma create divergence adx contracting so showing us that soon we may expect some movement but still the questions is where??

H1-after divergence on Rsioma this was good push in sell today but there is no confidence in it as long as medium and long stoch are over 50 and no full adx exapnsion,RSIoma just break 50 line so this is showing us also how weak this sell is for now

My CONCLUSION for this pair is to get out of it and find something better to trade until you see some hints on indicators.... for now i dont se anything except battle of bulls in bears in range that is untradable for longer moves (maybe scalping sell trades in directions 1-5-15 min DS trades)....for longer moves i would wait for proper breakout of range and creating full adx or DS on H1/H4

Regards!
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