This is about trading psychology: n.1 enemy is you.
http://www.fxkeys.com/understanding-...a-check-on-it/
http://www.fxkeys.com/understanding-...a-check-on-it/
Per aspera ad astra 
Alien's Extraterrestrial Visual Systems
- #9,485
- Edited 11:26am Feb 4, 2015 11:08am | Edited 11:26am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} Hey Marco, wave 4 overlapped wave 1 ground.
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.
Work smarter,not harder
- #9,488
- Feb 4, 2015 11:50am Feb 4, 2015 11:50am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
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 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 11:51am Feb 4, 2015 11:51am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} Tommorow is Nonfarm productivity, NonFarm Payrols are on friday... unless you are counting on producttivity
No offense.
Work smarter,not harder
- #9,490
- Feb 4, 2015 7:22pm Feb 4, 2015 7:22pm
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
{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
- comment time Feb 5, 2015 3:29 (8 hr ago) (South Korea)
Journey is more important than destination
- #9,492
- Feb 5, 2015 12:08am Feb 5, 2015 12:08am
{quote}
that explains it
- #9,493
- Feb 5, 2015 4:51am Feb 5, 2015 4:51am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
This is about trading psychology: n.1 enemy is you.
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
- #9,497
- Edited 9:17am Feb 5, 2015 9:00am | Edited 9:17am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
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 ....
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 9:31am Feb 5, 2015 9:31am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Per aspera ad astra
- #9,500
- Feb 6, 2015 7:21am Feb 6, 2015 7:21am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
USD/JPY weekly - update
The slingshot left.
The slingshot left.
Per aspera ad astra