Alien's Extraterrestrial Visual Systems | Page 525 | Forex Factory

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  • #10,481
  • Mar 17, 2015 6:51pm Mar 17, 2015 6:51pm
Quoting kutlarvadisi
{quote} thanks for your replay but one more question i trade only on the daily TF should i look at the H1 and H4 ADX 7 drops away for a rest or i should look on ADX 7 drops on the daily TF Thank you for your support guys
It's up to you!
Many traders have different approaches when trading the market,do accordingly with your personality.
In my trading,i use H4 ADX 7 speed to add positions.
Good luck!
Work smarter,not harder
  • #10,482
  • Mar 17, 2015 6:54pm Mar 17, 2015 6:54pm
Well I think that trade balance is pretty bad. But FF shows it green . Dunno, prolly different approach. I generally think exporting nations should have higher deficit, but whatever. Edit: Correct to be precise - Lower deficit is due to Oil move, as expected. However, in order to sell Yen, better have higher deficit. Exporting nation has to make it somehow, or its currency appreciates in long run and looses competitiveness. In fact thats what Kuroda and Abe san are trying to achieve.

Either way, Tokyo digests news in 5 mins.
"I know one thing, that I know nothing." Sokrates
  • #10,483
  • Mar 17, 2015 7:06pm Mar 17, 2015 7:06pm
Quoting marcof91
{quote} It's up to you! Many traders have different approaches when trading the market,do accordingly with your personality. In my trading,i use H4 ADX 7 speed to add positions. Good luck!
Also, if you wanna dodge USD correction and sell Yen in the meanwhile, think Geppy good now. GU on very lows and bouncing, and Geppy on heavy support cluster. But needed to say GBP very unstable due to Brittain elections, eyewintesses beeing both Geppy and GU. Is not safe instrument now, but technically entry seems ok.
"I know one thing, that I know nothing." Sokrates
  • #10,484
  • Mar 18, 2015 2:16am Mar 18, 2015 2:16am
hi everyone

Possible DS trade coming up on EURJPY H4........
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  • #10,485
  • Edited 9:34am Mar 18, 2015 2:57am | Edited 9:34am
AJ 60M sell. Daily bearish. 60M, 30M indicated good entry I think....
<60M>
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<30M>
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Edit: exit at +30 pips. This pair has low ADR And it couldn't pentrate strong support...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,486
  • Mar 18, 2015 3:26am Mar 18, 2015 3:26am
Quoting heispark
AJ 60M sell. Daily bearish. 60M, 30M indicated good entry I think.... <60M> {image} <30M> {image}
Nice one... And spotted divergence on D1 chart. I'm in this trade setup as well. Fingers cross
Discipline is PRIMARY, Method is Secondary.....
  • #10,487
  • Mar 18, 2015 5:22am Mar 18, 2015 5:22am
Back from skiing I see a lot of old and new fellows posting here. Very nice!
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Per aspera ad astra
  • #10,488
  • Mar 18, 2015 5:56am Mar 18, 2015 5:56am
Hello.
I am studying this thread from (the entire thread!) and I think I can safely say I am far along with the reading and definitely getting the hang of it.
(this system Took my win rate from below 50% to 65% in a few short weeks)

I believe that in this thread Alien Mentions 'Back-testing' this system. and it occurred to me.. that as a beginner with a system that can really seem overwhelming I should learn a proper Method for back-testing. so that during weekends when I have a lot of free time I can use all that time effectively.
I am hoping, with a proper method of back testing, to build up my understanding of this system as well as build my confidence in myself and this system

(Alien has provided everything that we need to know in order to learn this system as use it to max capacity.. I am interested specifically in effective practice of what Alien has provided)

By 'Proper Method' I mean, something that reinforces the process of using this system (what to look for first and second etc..)
It must also reinforce the rules as best as possible so that we can learn this system as best as possible outside of regular trading.

Perhaps I am asking for a lot here. I am just looking for a way to boost the learning. (I am a big fan of accelerated learning and finding as many ways as necessary to learn better)

To be brief: What I have been doing is finding big moves on high TFs.. Looking at the indicators.. and then dropping to lower TFs to see what Signals appeared to get me into the moves and keep me there.. which seems like fun.. But I have my doubts about its effectiveness

is there a better 'method' which I can be using that would apply to anyone who is learning this system?

Side note: is there anyone who would be open to helping me out perhaps Via PM for when I have a question or two. I do not wish to use up anyones time. I will keep the questions short and it would really help me a lot (Feel free to PM me right away if you are willing to help)
"Pain + Reflection = Progress"-Ray Dalio
  • #10,489
  • Mar 18, 2015 6:06am Mar 18, 2015 6:06am
Quoting Antares23
Hello. I am studying this thread from (the entire thread!) and I think I can safely say I am far along with the reading and definitely getting the hang of it. (this system Took my win rate from below 50% to 65% in a few short weeks) I believe that in this thread Alien Mentions 'Back-testing' this system. and it occurred to me.. that as a beginner with a system that can really seem overwhelming I should learn a proper Method for back-testing. so that during weekends when I have a lot of free time I can use all that time effectively. I am hoping,...
Its better they answer you here, people want to learn too
  • #10,490
  • Mar 18, 2015 6:59am Mar 18, 2015 6:59am
Quoting Antares23
Hello. I am studying this thread from (the entire thread!) and I think I can safely say I am far along with the reading and definitely getting the hang of it. (this system Took my win rate from below 50% to 65% in a few short weeks) I believe that in this thread Alien Mentions 'Back-testing' this system. and it occurred to me.. that as a beginner with a system that can really seem overwhelming I should learn a proper Method for back-testing. so that during weekends when I have a lot of free time I can use all that time effectively. I am hoping,...
Hi Antares,
this is my humble advice.

- As this is mostly a trend following system first thing to do is finding trending pairs, looking at Weekly and Daily charts.
- when you selected the pairs to watch you have to find a valid setup (DS trade; slingshot; XCross trade, etc).
- a clue to see a strong move is BBS. There is also a dashboard in the thread created by Nihilist to monitorize BBS. Usually BBS occur before a strong move.
- if you find a valid setup in the higher TFs then go down to the lower to find the best entry on a pullback.
- wait to see a good compression of ADX and enter when ADX begin the expansion.
- if you catch the move stay in the trade untill ADX 89 and 144 turn down.

This is my routine. Hope it helps.
Master Alien can give you more hints.
Per aspera ad astra
  • #10,491
  • Mar 18, 2015 7:12am Mar 18, 2015 7:12am
Quoting jpadvisor
{quote} Hi Antares, this is my humble advice. - As this is mostly a trend following system first thing to do is finding trending pairs, looking at Weekly and Daily charts. - when you selected the pairs to watch you have to find a valid setup (DS trade; slingshot; XCross trade, etc). - a clue to see a strong move is BBS. There is also a dashboard in the thread created by Nihilist to monitorize BBS. Usually BBS occur before a strong move. - if you find a valid setup in the higher TFs then go down to the lower to find the best entry on a pullback....
Thank you Jpadvisor
You are most helpful. I am sure I will find more confidence in this now, knowing that this is the routine which you use.
Many Thanks.
"Pain + Reflection = Progress"-Ray Dalio
  • #10,492
  • Mar 18, 2015 7:19am Mar 18, 2015 7:19am
Quoting Antares23
Hello. I am studying this thread from (the entire thread!) and I think I can safely say I am far along with the reading and definitely getting the hang of it. (this system Took my win rate from below 50% to 65% in a few short weeks) I believe that in this thread Alien Mentions 'Back-testing' this system. and it occurred to me.. that as a beginner with a system that can really seem overwhelming I should learn a proper Method for back-testing. so that during weekends when I have a lot of free time I can use all that time effectively. I am hoping,...
Hello Antares23,

First of all congrate to choose this method as it is the best out the for understanding how market works...

At the beginning you may found this method complicated with much indicators but it is all in one concept...Alien can be traded many ways.....

As Alien pointed that only 30% of a time market is tradable (trend) you must learn to sit on your hands and wait for AAA setups....

AAA setups are when all timeframes are aligned in direction of the trend....So I would advise wait for DS or slingshot trades in longer timeframes (daily,h4,weekly) with entries on smaller (Adx power,picking tops and bottoms with stochastic,RSIoma under/over 50,bbsqueeze)....

If you dont see confirmation on lower tf when higher looks good,dont enter and wait for all to aligned.....REMEBER only 1 or 2 good setups per week are enought to make money with this....

For exits you can look ADX,I personally watch historical support and resistance leves,divergence on RSIoma or simply you can trade with good RRR

It is hard to tell you exact hints in one post (there are 525 pages) so would be good to post pictures so all good guys here can give you thoughts....

Hope is helps,

Regards!
  • #10,493
  • Mar 18, 2015 7:27am Mar 18, 2015 7:27am
Quoting jpadvisor
{quote} Hi Antares, this is my humble advice. - As this is mostly a trend following system first thing to do is finding trending pairs, looking at Weekly and Daily charts. - when you selected the pairs to watch you have to find a valid setup (DS trade; slingshot; XCross trade, etc). - a clue to see a strong move is BBS. There is also a dashboard in the thread created by Nihilist to monitorize BBS. Usually BBS occur before a strong move. - if you find a valid setup in the higher TFs then go down to the lower to find the best entry on a pullback....
All in a nutshell, great summary.

Hope you had a good holiday
If you know how to trade, you don't need to sell any services!!!
  • #10,494
  • Mar 18, 2015 8:01am Mar 18, 2015 8:01am
Quoting RougeTrader
hi everyone Possible DS trade coming up on EURJPY H4........ {image}
Looks to be a roll over soon.
The More You Learn, The More You Earn.....
  • #10,495
  • Mar 18, 2015 8:01am Mar 18, 2015 8:01am
Quoting heispark
AJ 60M sell. Daily bearish. 60M, 30M indicated good entry I think.... <60M> {image} <30M> {image}
Those look great.
The More You Learn, The More You Earn.....
  • #10,496
  • Mar 18, 2015 8:02am Mar 18, 2015 8:02am
Quoting jpadvisor
Back from skiing I see a lot of old and new fellows posting here. Very nice! {image}
nice , but Alien is to old to ski anymore.............
The More You Learn, The More You Earn.....
  • #10,497
  • Mar 18, 2015 8:05am Mar 18, 2015 8:05am
Hi Everyone..

I just Joined Forex Factory altough i go on and off with Forex for about 5 years now..

Im glad i found this thread ...sounds promising...and how great it explained the price action...
  • #10,498
  • Mar 18, 2015 8:27am Mar 18, 2015 8:27am
A smooth DS trade indeed...

Welcome back Alien, without you, we are a flock of sheep with no shepherd !!

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  • #10,499
  • Mar 18, 2015 8:31am Mar 18, 2015 8:31am
Quoting forexalien
{quote} nice , but Alien is to old to ski anymore.............
But tooo Young for fly around the universe.
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  • #10,500
  • Mar 18, 2015 8:38am Mar 18, 2015 8:38am
Quoting jpadvisor
{quote} Hi Antares, this is my humble advice. - As this is mostly a trend following system first thing to do is finding trending pairs, looking at Weekly and Daily charts. - when you selected the pairs to watch you have to find a valid setup (DS trade; slingshot; XCross trade, etc). - a clue to see a strong move is BBS. There is also a dashboard in the thread created by Nihilist to monitorize BBS. Usually BBS occur before a strong move. - if you find a valid setup in the higher TFs then go down to the lower to find the best entry on a pullback....
Long time no hear! What's the setting of adx?
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