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Alien's Extraterrestrial Visual Systems

  • #9,181
  • Jan 15, 2015 6:49am Jan 15, 2015 6:49am
Quoting marcof91
{quote} USD/CHF also dropped like a knife. Now imagine trading without stop loss before this happens. (not me by the way)

Yeah Marco i definately agree with you,so far instead of stop loss i put pending hedge orders (this was my transitions to non stop loss trading like Alien do,but after today i decide that will NEVER EVER try to trade without stop loss and i feel lucky that didnt have any positions on market when this happened!

Regards!
  • #9,182
  • Jan 15, 2015 7:16am Jan 15, 2015 7:16am
Quoting Zokynho
{quote} Yeah Marco i definately agree with you,so far instead of stop loss i put pending hedge orders (this was my transitions to non stop loss trading like Alien do,but after today i decide that will NEVER EVER try to trade without stop loss and i feel lucky that didnt have any positions on market when this happened! Regards!
Yeah one of the many secrets of trading is: Keep your loss minimal and your gains maximal
  • #9,183
  • Jan 15, 2015 7:53am Jan 15, 2015 7:53am
Quoting marcof91
{quote} USD/CHF also dropped like a knife. Now imagine trading without stop loss before this happens. (not me by the way)
I always said "No trading without SL"! Hopefully today was not a very hard lesson to understand the importance of a SL.
Just the other days I was talking about the similar 2008 event.
Also, it is true that some of the traders never had their SL's filled by the brokers. This is just on how you picked your broker from a sea of sharks, not if you have or not SL. Maybe you just got one large enough shark and not very hungry. Some are saying that SL's would have been useless in this situation.
I know that there are some traders that got saved by using SL.
  • #9,184
  • Jan 15, 2015 8:29am Jan 15, 2015 8:29am
One senior member here always pointed out picture below and than i was young trader without experiance to listen than....but always use stop unless your are ALIEN....

WHY?

Because if you are right and do proper analyse neither broker (good ones offcourse) cannot hunt your stop....If your stop loss is hit than ask yourself why,something wasnt good when you preparing trade....
Attached Images
  • #9,185
  • Jan 15, 2015 8:41am Jan 15, 2015 8:41am
Anyway,where is our master,he told he be here around Christmas,i miss him....
  • #9,186
  • Jan 15, 2015 10:51am Jan 15, 2015 10:51am
Hi friends,
only our Master Alien could trade without SL. I don't, but I wasn't in any trade with CHF.
This morning after the news I scalped about 400 pips in the rebound of Usd/Chf. They where minipips though.
I wonder if anyone here was long on CHF/Euro or CHF/Jpy. They made a fortune!
Per aspera ad astra
  • #9,187
  • Jan 15, 2015 1:14pm Jan 15, 2015 1:14pm
Crazy day today. Bitcoin scored + 25%💲📈
Per aspera ad astra
  • #9,188
  • Jan 15, 2015 2:18pm Jan 15, 2015 2:18pm
Quoting pinktrade
{quote} I always said "No trading without SL"! Hopefully today was not a very hard lesson to understand the importance of a SL. Just the other days I was talking about the similar 2008 event. Also, it is true that some of the traders never had their SL's filled by the brokers. This is just on how you picked your broker from a sea of sharks, not if you have or not SL. Maybe you just got one large enough shark and not very hungry. Some are saying that SL's would have been useless in this situation. I know that there are some traders that got saved...
this could be true. if the movement is so fast your slippage is enormous. it depends on the broker also.
  • #9,189
  • Jan 15, 2015 2:48pm Jan 15, 2015 2:48pm
Quoting jpadvisor
Hi friends, only our Master Alien could trade without SL. I don't, but I wasn't in any trade with CHF. This morning after the news I scalped about 400 pips in the rebound of Usd/Chf. They where minipips though. I wonder if anyone here was long on CHF/Euro or CHF/Jpy. They made a fortune!
I was scalping short for 20 pips on USD/CHF,now imagine how i feel after that fall go without me.
Maybe it was a valid trade for short this pair,divergence on rsioma and 21 sto. Only adx was a step back to not enter shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 49 KB
Work smarter,not harder
  • #9,190
  • Jan 15, 2015 3:54pm Jan 15, 2015 3:54pm
Quoting pipinit
Happy new year all this is how I see Gold As long as 1223 intact we are heading 1250 {image}
Hi Pipinit. What is the name of your indicators printing 1,2 and 3 over the candles?
  • #9,191
  • Jan 15, 2015 4:11pm Jan 15, 2015 4:11pm
Quoting marcof91
{quote} I was scalping short for 20 pips on USD/CHF,now imagine how i feel after that fall go without me. Maybe it was a valid trade for short this pair,divergence on rsioma and 21 sto. Only adx was a step back to not enter shorts. {image}
heads up! this will ahppen to everyone of us with the years of trading. No one (i.e. we small traders) could know such an announcement in advance. They told in the news that ,estimated, 140 billions of € have been burnd today.

We were lucky to not be on the wrong side.

unfortunately i dont find any good setup according aliens rules.
  • #9,192
  • Jan 16, 2015 9:07am Jan 16, 2015 9:07am
Quoting rukiver
{quote} heads up! this will ahppen to everyone of us with the years of trading. No one (i.e. we small traders) could know such an announcement in advance. They told in the news that ,estimated, 140 billions of € have been burnd today. We were lucky to not be on the wrong side. unfortunately i dont find any good setup according aliens rules.
What do you mean?
You can't find a setup to enter on that move?
OR
You can't find a setup at all on any pair?
Work smarter,not harder
  • #9,193
  • Jan 16, 2015 9:11am Jan 16, 2015 9:11am
Quoting rukiver
{quote} heads up! this will ahppen to everyone of us with the years of trading. No one (i.e. we small traders) could know such an announcement in advance. They told in the news that ,estimated, 140 billions of € have been burnd today. We were lucky to not be on the wrong side. unfortunately i dont find any good setup according aliens rules.
don't remember if forexalien gave precise rules for reversal entries but with usdchf we had a nice opportunity !

on usdchf D1 for example, all at top and falling at same time ,

but if you're searching normal entries for this movement, look for example eurchf H4 ,
nice DS trade ,

Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.png Size: 96 KB
  • #9,194
  • Jan 16, 2015 9:23am Jan 16, 2015 9:23am
Quoting thomasz1
{quote} don't remember if forexalien gave precise rules for reversal entries but with usdchf we had a nice opportunity ! on usdchf D1 for example, all at top and falling at same time , but if you're searching normal entries for this movement, look for example eurchf H4 , nice DS trade , {image}
I would let the price/time to "clean" the charts on all CHF pairs before looking for signals. The sudden drop may not give a proper indication ... even if it looks good!
MT4/MT5 EAs/Indicators/Alerts coder
  • #9,195
  • Jan 16, 2015 9:24am Jan 16, 2015 9:24am
Quoting FerruFx
{quote} I would let the price/time to "clean" the charts on all CHF pairs before looking for signals. The sudden drop may not give a proper indication ... even if it looks good!
I may have misunderstood. Thomas, did you talk about a nice setup before the move ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #9,196
  • Jan 16, 2015 10:18am Jan 16, 2015 10:18am
Quoting FerruFx
{quote} I may have misunderstood. Thomas, did you talk about a nice setup before the move ?
due to my poor english i'm not sure you're trying to say it's easy to do statements after the movement,

but in this case i really don't see the problem, if i had seen this nice ds trade on eurchf H4 i would be entered,

and for the reversal it's the same for me, i'm trying to take the more powerful reversals only, so i'm not afraid by a big candle.

But i totally agree that we must be really prudent with economic news and that we must be careful at this time with these pairs ( and i've seen of course that usdchf has dropped a lot 4-5 minutes after the news to almost 1.15 but we could secured our trade well before that , so it remains a winning trade )
  • #9,197
  • Jan 16, 2015 10:28am Jan 16, 2015 10:28am
Quoting FerruFx
{quote} I may have misunderstood. Thomas, did you talk about a nice setup before the move ?
but i don't kn ow all the slippage problems linked to this movement,
so i guess it has been a problem for a lot of people, i don't say the opposite.

If you have some remarks about that, i'll listen with attention
  • #9,198
  • Jan 16, 2015 10:34am Jan 16, 2015 10:34am
Quoting thomasz1
{quote} due to my poor english i'm not sure you're trying to say it's easy to do statements after the movement
No you get me wrong like I initially get you wrong!

Yes the setup seems to be fine before the move.
MT4/MT5 EAs/Indicators/Alerts coder
  • #9,199
  • Jan 16, 2015 12:39pm Jan 16, 2015 12:39pm
On Greekexit: http://www.marctomarket.com/
Per aspera ad astra
  • #9,200
  • Jan 17, 2015 3:08am Jan 17, 2015 3:08am
first broker is already belly-up
http://www.alpari.com/company-news/p...-announcement/

basically what happens:
- you deposit funds, collateral with broker
- The broker is responsible to ensure you do not loose more than the collateral
- you start trading, if you are wrong, your collateral gets less
- if you loose all collateral, you get a margin call, and your funds will be depleted.
- if you loose more than your collateral, this is the risk for the broker
- with the big drop in half a minute, and no market during the drop, people got closed out way below what their collateral supports
- people loose money, broker loose money, and soccer clubs go out of business.

fxcm was also losing a lot of share-value (down 65%, http://finance.yahoo.com/echarts?s=FXCM+Interactive#{%22range%22%3A%225d%22%2C%22scale%22%3A%22linear%22})

I hope in all countries we (the retail traders) are well protected. But.....
suppose you had an alpari account. How can you access your funds when the "door" to the funds (the alpari company) closes? I fear there will be long tedious procedures for those unfortunately affected.
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