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Alien's Extraterrestrial Visual Systems

  • #9,481
  • Feb 4, 2015 11:48am Feb 4, 2015 11:48am
This is about trading psychology: n.1 enemy is you.
http://www.fxkeys.com/understanding-...a-check-on-it/
Per aspera ad astra
  • #9,482
  • Feb 4, 2015 12:21pm Feb 4, 2015 12:21pm
Quoting marcof91
GBP/AUD Daily TF I see 5 waves on this chart and on 5th wave there is already divergence on 21 sto,100 sto and RSIOMA. If a drop is near we may see PA coming to the cloud. {image}
AUD still under bear pressure....
GBP trend reversal may coming ....
We might still have room to the upside.... be safe bro...
Journey is more important than destination
  • #9,483
  • Feb 4, 2015 12:25pm Feb 4, 2015 12:25pm
Quoting traderbola
{quote} this move could be support by GU H4 diver.... {image}
EG update.....

As we expected GU H4 bonus took the pair down.... now 15min might give us short entry
P.S I'm still holding my previous short.....
Attached Image (click to enlarge)
Click to Enlarge Name: EG.jpg Size: 310 KB
Journey is more important than destination
  • #9,484
  • Feb 4, 2015 12:29pm Feb 4, 2015 12:29pm
Quoting jpadvisor
{quote} LOL, I do have the same shuttle!
hope tomorrow's NFP will take us to the moon
Journey is more important than destination
  • #9,485
  • Edited 1:26pm Feb 4, 2015 1:08pm | Edited 1:26pm
Quoting jpadvisor
{quote} Hey Marco, wave 4 overlapped wave 1 ground.
Sorry my knowledge is limited.
Could you please explain better for a donkey?

EDIT: I think i got it what you mean. (Rule 2) Yes,maybe i'm wrong.

Rule 1: Wave 2 can never retrace more than 100% of wave 1.
Rule 2: Wave 4 may never end in the price territory of wave 1.
Rule 3: Out of the three impulse waves -- 1, 3 and 5 -- wave 3 can never be the shortest.
Attached Image
Work smarter,not harder
  • #9,486
  • Feb 4, 2015 1:14pm Feb 4, 2015 1:14pm
Marco, Jp advisor , Trader bola --- looks like 3rd wave of 3rd wave enthusiasm has been Kicked off by you three :-p .. Could you share details of how you have customised the teachings of Alien and additional observation from your end ,..

IT will help refresh the masters teachings and hopefully make him share his views too ....
  • #9,487
  • Feb 4, 2015 1:29pm Feb 4, 2015 1:29pm
Quoting traderbola
{quote} hope tomorrow's NFP will take us to the moon
Tommorow is Nonfarm productivity,
NonFarm Payrols are on friday...
unless you are counting on producttivity
  • #9,488
  • Feb 4, 2015 1:50pm Feb 4, 2015 1:50pm
Quoting connect_ananth
Marco, Jp advisor , Trader bola --- looks like 3rd wave of 3rd wave enthusiasm has been Kicked off by you three :-p .. Could you share details of how you have customised the teachings of Alien and additional observation from your end ,.. IT will help refresh the masters teachings and hopefully make him share his views too ....
Hey connect_ananth!
I just want to share with you my approach with alien's systems.
Since i'm a part-time trader, i can only analyse the charts after work.
I don't follow lower timeframes, only W,D and H4.
I like much better when daily tf has full power on ADX so then i can enter on H4.
For the stochastics,i don't follow tops and bottoms because i have been burned many times and they can stay there for a long time,but i always check if there is divergence on them.
As for RSIOMA,i don't mind too much for breaking 20 level upwards (on bearish trend) but i do really care if breaks 50 level.
RSIOMA is also powerful on divergences.
If all indis shows divergence (ADX,stos and RSIOMA) i take the trade on that divergence.
Work smarter,not harder
  • #9,489
  • Feb 4, 2015 1:51pm Feb 4, 2015 1:51pm
Quoting Szpons
{quote} Tommorow is Nonfarm productivity, NonFarm Payrols are on friday... unless you are counting on producttivity
He is already dreaming too high.
No offense.
Work smarter,not harder
  • #9,490
  • Feb 4, 2015 9:22pm Feb 4, 2015 9:22pm
Quoting Szpons
{quote} Tommorow is Nonfarm productivity, NonFarm Payrols are on friday... unless you are counting on producttivity

For Poland yes. you got point ......
But I don't live there....
My today could be Tomorrow for you......
My yesterday could be Today for you...
My tomorrow could be the day after tomorrow for you .....

P.S

  1. comment time Feb 5, 2015 3:29 (8 hr ago) (South Korea)

Attached Image
Journey is more important than destination
  • #9,491
  • Feb 4, 2015 9:27pm Feb 4, 2015 9:27pm
Quoting connect_ananth
Marco, Jp advisor , Trader bola --- looks like 3rd wave of 3rd wave enthusiasm has been Kicked off by you three :-p .. Could you share details of how you have customised the teachings of Alien and additional observation from your end ,.. IT will help refresh the masters teachings and hopefully make him share his views too ....
Hello connect_ananth
I'll write later when I get back home....
Journey is more important than destination
  • #9,492
  • Feb 5, 2015 2:08am Feb 5, 2015 2:08am
Quoting traderbola
{quote} For Poland yes. you got point ...... But I don't live there.... My today could be Tomorrow for you...... My yesterday could be Today for you... My tomorrow could be the day after tomorrow for you ..... P.S comment time Feb 5, 2015 3:29 (8 hr ago) (South Korea)
Ahh that explains it
  • #9,493
  • Feb 5, 2015 6:51am Feb 5, 2015 6:51am
Quoting jpadvisor
This is about trading psychology: n.1 enemy is you. http://www.fxkeys.com/understanding-...a-check-on-it/
Good lessons from that site.
I might start do some meditation to control my flaws.
Also one tip that i learned is:
The more time we spend staring to the charts the more we challenge our patience and discipline.
If there is no setup come back later,don't stick to the computer waiting to happen.
Work smarter,not harder
  • #9,494
  • Feb 5, 2015 8:37am Feb 5, 2015 8:37am
Quoting connect_ananth
Marco, Jp advisor , Trader bola --- looks like 3rd wave of 3rd wave enthusiasm has been Kicked off by you three :-p .. Could you share details of how you have customised the teachings of Alien and additional observation from your end ,.. IT will help refresh the masters teachings and hopefully make him share his views too ....
I'd love to share.....

I'm part time trader thus all work goes to the weekend

Weekly and Monthly they dont change during the short term but I do look at them at the weekend.... (mostly to check the 8.3.3 direction and any possible diver or setup)
Daily and H4 charts will be under watch....
If I wanna scalp I do it into Daily .... Stoc 8.3.3 direction ....

Weekly ADX7 I watch that often... as I posted OIL a few days ago... that also gives me some hint about bonus or retrace... when it happens with weekly it will be worth for 100 pips or more...
Before I look at pairs I look at following CFDs first..... they are basically give me some fundamental clue about the pair....

1. JPN225 (Nikkei) ------->JPY
2. COPPER&GOLD -------->AUD (NZD mostly follows aud because of NZ's tied economy with Australia)
3. GOLD --------> CHF
4. OIL ------------> CAD ( especially CADJPY)
5. USDINDEX---------> USD

After checking them all... I'll pick the pair ........

Divergences my favorite to play..... they help me to get in trade earlier than DS set ups... especially RSIOMA divergence with PA
I'll look for them around support and resistant lines on daily chart..... ( sometimes with FIB levels)
If I see a divergence on H4 chart .... I'll enter the trade with 15m chart by following rules in Master's system... but EXIT will be with H4.......
If you read the thread from beginning you should know all other rules .... Basically I take my other trades according to them....
Sometimes overconfidence and being impatient cause me wrong entry ... so still keep learning and improving skills...


Other indicator as a support.....
Ichimoku Clouads....
I will consider when Chikou Span cross Kijun-Sen......

I've attached GU charts as an example..... I didn't take the trade because I had short position with EG and long GA....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Week.jpg Size: 439 KB
Click to Enlarge Name: GUh4.jpg Size: 433 KB
Click to Enlarge Name: 15m.jpg Size: 404 KB
Journey is more important than destination
  • #9,495
  • Feb 5, 2015 8:46am Feb 5, 2015 8:46am
Quoting forexalien
UJ H4 possible DS trade long setting up and then once that is complete a possible cross X trade short after that one..............
Since then we didn't hear anything from Sensei......
Hope everything alright with his UFO and he will come back to Milky way soon......
Journey is more important than destination
  • #9,496
  • Feb 5, 2015 10:55am Feb 5, 2015 10:55am
An Anunnaki abduction and forced to trade monatomic gold.. We must save him
Quoting traderbola
{quote} Since then we didn't hear anything from Sensei...... Hope everything alright with his UFO and he will come back to Milky way soon......
  • #9,497
  • Edited 11:17am Feb 5, 2015 11:00am | Edited 11:17am
Quoting connect_ananth
Marco, Jp advisor , Trader bola --- looks like 3rd wave of 3rd wave enthusiasm has been Kicked off by you three :-p .. Could you share details of how you have customised the teachings of Alien and additional observation from your end ,.. IT will help refresh the masters teachings and hopefully make him share his views too ....
Hi connect_ananth,
long time no see you. You posted nice charts with Alien's system.
You know that master Alien didn't give us a set of strict rules.

I can only tell you which is the plan I follow.

- I only trade with major trend. At the weekend I analyze the daily and weekly charts of the pairs or indices I follow most to verify trends. Then I select which to follow in deep. This way for each of the selected I go through the Daily, H4 and H1 to find possible setups according to Alien's systems.
- On monday I look at CSM H4 to see how the pairs move and which is strongest and which is weakest, then I scan the selected pairs to see if there are BBS (my first clue).
- Where I find BBS I watch to see if there are any setups to follow (think you know them) and if there are I scroll down to 5 M. or also 1 M. to catch ADX compression and expansion (my second clue). Also verify if are there any contrary divergence in the higher TF.
- I take trades usually only in the direction of the trend and I enjoy taking pullbacks along the trend.
- Exit are according to the system when ADX 89 and 144 turn down.
P.S. I also check every 4 H. CSM if there are turns in the selected pairs.

These are my two cents. Hope it will help.
Per aspera ad astra
  • #9,498
  • Feb 5, 2015 11:31am Feb 5, 2015 11:31am
This is the last quote I found from Alien's:

"As for FOREX, the basics are recognizing the trend and patterns that give you profit consistently. all other patterns you stay away from.

Only 20% to 30% of the time the market gives you opportunity for trading. You should not be in the market all the time, unless you have a profitable trade currently and are riding it for larger gains..............

Stick with one pattern and one pair and get really, really, good with it. It's kind like dating one girl and getting to know her really well, but when you date a bunch of girls and get to know just a little of each of one, then you don't remember which little things go to each girl after time, you start floundering and lose in the end.................

The more you Learn, the more you Earn.............."

- Extracted from the thread: think and grow rich by trading -
Per aspera ad astra
  • #9,499
  • Feb 6, 2015 7:41am Feb 6, 2015 7:41am
Quoting Szpons
{quote} Ahh that explains it
I believe this is your rocket!
  • #9,500
  • Feb 6, 2015 9:21am Feb 6, 2015 9:21am
USD/JPY weekly - update
The slingshot left.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 100 KB
Per aspera ad astra
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