Disliked{quote} Hello Stormtrader.... GN is very volatile pair...... and it's normal having 10pips or more spread.... it changes with volatility .... Thus I don't do scalp with GN... when it comes to swing trades 10pips spread is not big deal.... I have Vantage FX and OANDa .... but never pay attention spreads... For GN 500pips is nothing for a day to move.... But swap fee is something need to be considered thus I don't hold a position if PA can't break some levels...Ignored
Alien's Extraterrestrial Visual Systems
- #9,623
- Feb 12, 2015 6:11am Feb 12, 2015 6:11am
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
{quote} Thank you and roger that!!!!
P.S I'm not in a trade yet waiting for clear break and NU's bonus .... Let's see how it plays out... keep in touch here in Master's thread....
Good luck if you are in a trade!
Journey is more important than destination
- #9,624
- Feb 12, 2015 6:12am Feb 12, 2015 6:12am
{quote} Since is difficult for each of us (we are not Master Alien) to analyze all the pairs and others, I think we could subdivide jobs and each could provide his view for the pairs or markets that he knows better. i mean a team work.
I was thinking that we do analysis of pairs that we usually follow and compare our analysis that way, because we don't see always the same thing.
That way we can focus on pairs that could bring us green pips for that week.
For example, my leading pairs for this week were: LONG - GA, GC, UJ and SHORT AU, NU.
So my focus is mostly on these 5 pairs this week and that is more than enough I think.
Some of you guys have had some other pairs and that way we can complement each other.
- #9,625
- Feb 12, 2015 6:47am Feb 12, 2015 6:47am
Greetings. My apologies for interrupting the thread (learning so much from everyone here- many thanks
)
I noticed some traders here are using Ichimoku indicators on their charts, Perhaps of their own accord or perhaps it is mentioned somewhere here in the thread, I am still making my way through this long thread so I'm not sure.
I would just like to know from those of you who do use Ichimoku combined with Aliens system,
º What parameters is the Ichimoku set at?
º To what extent is the Ichimoku being used? (example; entries, exits or support/resistance indicators)
º What rules might there be with regards to the Ichimoku used in conjunction with Aliens system?
hopefully I covered all the important questions there, if there is anything else you may wish to add, please do, I greatly appreciate any and all help.
keep up the good work, I am finding this thread very helpful.
Thanks to all
) I noticed some traders here are using Ichimoku indicators on their charts, Perhaps of their own accord or perhaps it is mentioned somewhere here in the thread, I am still making my way through this long thread so I'm not sure.
I would just like to know from those of you who do use Ichimoku combined with Aliens system,
º What parameters is the Ichimoku set at?
º To what extent is the Ichimoku being used? (example; entries, exits or support/resistance indicators)
º What rules might there be with regards to the Ichimoku used in conjunction with Aliens system?
hopefully I covered all the important questions there, if there is anything else you may wish to add, please do, I greatly appreciate any and all help.
keep up the good work, I am finding this thread very helpful.
Thanks to all
"Pain + Reflection = Progress"-Ray Dalio
- #9,626
- Feb 12, 2015 7:01am Feb 12, 2015 7:01am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} Sometimes placing SL works for your side but this time I am not sure it worked for me.....Price still remains bullish...
Closed with tiny profit and was left behind.
Work smarter,not harder
{quote} Yep... been there done that and hate that feeling...
{quote} Honestly guys sl is deffinately not the way to go imho....the trick is somewhere else...discipline and psychology, which btw i have not even come near to master them yet....
- #9,630
- Feb 12, 2015 7:19am Feb 12, 2015 7:19am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} Bright example are my latest trades on GA...long from 1.9224 but after taking the first profit at 1.94 all i have since is longs with sl hit..... and my targets are 2.18 and 2.25 respectively...go figure
It would be better if the market could ride in a linear way but that is not possible.
Work smarter,not harder
- #9,631
- Feb 12, 2015 7:26am Feb 12, 2015 7:26am
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
{quote} For me SL didn't work either. Closed with tiny profit and was left behind.
If we look at H4 still we have chance re enter..
and 15min should bring PA down...
Journey is more important than destination
- #9,632
- Feb 12, 2015 7:29am Feb 12, 2015 7:29am
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
{quote} Honestly guys sl is deffinately not the way to go imho....the trick is somewhere else...discipline and psychology, which btw i have not even come near to master them yet....
About SL.... Swiss BANK proved the point last Month.... we have to place them..... IMO somewhere 2-4% of equity .... But moving them behind PA ( like I did) is not that smart I guess.....
Journey is more important than destination
- #9,633
- Feb 12, 2015 7:31am Feb 12, 2015 7:31am
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
{quote} Bright example are my latest trades on GA...long from 1.9224 but after taking the first profit at 1.94 all i have since is longs with sl hit..... and my targets are 2.18 and 2.25 respectively...go figure
Journey is more important than destination
- #9,634
- Feb 12, 2015 7:37am Feb 12, 2015 7:37am
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
{quote} That's ok we still closed the position in green. If we look at H4 still we have chance re enter.. and 15min should bring PA down... {image} {image}
Did I know the US data ? No way... We can't thank him enough .... our master .....
UJ 15 min after 6 min from my post...
Journey is more important than destination
- #9,635
- Feb 12, 2015 7:44am Feb 12, 2015 7:44am
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
{quote} GU update.... Just now finished online conference stream with Carney...... I love that guy
Should I set the course to Mars??
Or I need more fuel ???
Time will tell....
Journey is more important than destination
- #9,637
- Feb 12, 2015 8:08am Feb 12, 2015 8:08am
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
Greetings. My apologies for interrupting the thread (learning so much from everyone here- many thanks
Welcome......
I do use IC for confirmation. I use default settings
which is Tenkan sen----->9 Kijun Sen ----->26 Senkou-SpanB --->52
Key players for me Clouds and Chikuo-Span corss with Kijun-Sen
You can use Chikou-Span as short term resistance and support line...
Here is an example.... Above UJ 15 min DS short set up confirming with IC>......
If you have any question always feel free to ask....
Hope it helps...
P.S you can use IC with any set up for any TF... and watch levels where Chikuo-Span corsses Kijun-Sen...
http://www.forexfactory.com/showthre...92#post8048792
Journey is more important than destination
