Disliked{quote} For the daily, checking the AU, would it be definitely bearish when Stoch 21, will start going down or when Stoch 8 will crose Stoc 21??? Learning...Ignored
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The More You Learn, The More You Earn.....
Alien's Extraterrestrial Visual Systems
- #10,901
- Mar 27, 2015 10:05am Mar 27, 2015 10:05am
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....
- #10,902
- Mar 27, 2015 10:06am Mar 27, 2015 10:06am
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....
- #10,903
- Mar 27, 2015 10:08am Mar 27, 2015 10:08am
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....
- #10,904
- Mar 27, 2015 11:14am Mar 27, 2015 11:14am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
Full house setup on eurocross M30 charts before LO today. Sorry could not post earlier but aint it pretty {image}
EU,EJ,EC and EG gave the most visual appealing setup.
Did you trade all of them?
Work smarter,not harder
- #10,905
- Mar 27, 2015 11:18am Mar 27, 2015 11:18am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
Dear ForexAlien, I am very new to Forex, Please help me to understand your system: IN 4 Hour Chart RSIOMA just below 50 ADX All are Falling Stochastic Falling In 1 Hour Chart RSIOMA just below 20 ADX All are Falling (Try to Raising) Stochastic Falling (Try to Raising) In 30 Minute Chart RSIOMA just below 20 ADX All are Falling (Try to Raising) Stochastic Falling (Try to Raising) In 30 Minute Chart RSIOMA just below 23 ADX All are Falling (Try to Raising) Stochastic Falling (Try to Raising) It seems still it Short ?? Please pLease PlEase PleAse PleaSe...
Take your time to study the pair and the system in this weekend.
Work smarter,not harder
- #10,906
- Mar 27, 2015 11:20am Mar 27, 2015 11:20am
Done for the week:
This was a $100 demo I started this week. I test smaller accounts to trade more aggressively only. It also keeps me more disciplined with money management in a unique way.. instead of risking 2% on a $2,000 account (which would be $100), for example.. I could risk 100% on a $100 account, if it was taken from a $2,000 account. No stops needed and no poor trade discipline can lead to larger losses with the latter method. Not a recommendation.. just an explanation for now.
Anyway, I found alien's method very forgiving to me this week. My win rate was around 85%, however, though you can't really tell from the graph, my drawdown was terrible (of course, that's ok with the way I was testing this account, but it's something I need to work on).
I was doing a lot of re-reading of this thread over the week and will continue when I have time on the weekend.
(Thanks Marco for creating that PDF
)
I re-learned a lot about reading the Stochs and RSIoma.. my drawdowns seemed to be from me entering longs/shorts when stochs and RSIoma were topping/bottoming. I gotta get better at riding the waves to reduce drawdown and improve timing.
Goals/Exercises for next week:
1. Change timeframes monitored from "1m - h4" to "15m to weekly" (I think I can keep an eye on more developing patterns this way and not get sucked into the many waves of the 1m and 5m. The smaller timeframes can accelerate learning as moves happen more often, but at the same time, I think it's harder for new students to trade. Also, I can always go down to 1m and 5m charts once a clear pattern is developing on the higher timeframes.
2. Reduce drawdown.. watch the 21 stoch + RSIoma slopes for direction, use Stoch X crosses to catch the money waves, and make sure 3+ timeframes are turning at the same time.. or lower timeframes are turning to resume direction of higher timeframes.
I'm keeping my goals to a minimum each week as to not diversify my focus too much.
Have a great weekend and thanks to Alien and all the students who are still posting and helping us get better
This was a $100 demo I started this week. I test smaller accounts to trade more aggressively only. It also keeps me more disciplined with money management in a unique way.. instead of risking 2% on a $2,000 account (which would be $100), for example.. I could risk 100% on a $100 account, if it was taken from a $2,000 account. No stops needed and no poor trade discipline can lead to larger losses with the latter method. Not a recommendation.. just an explanation for now.
Anyway, I found alien's method very forgiving to me this week. My win rate was around 85%, however, though you can't really tell from the graph, my drawdown was terrible (of course, that's ok with the way I was testing this account, but it's something I need to work on).
I was doing a lot of re-reading of this thread over the week and will continue when I have time on the weekend.
(Thanks Marco for creating that PDF
)I re-learned a lot about reading the Stochs and RSIoma.. my drawdowns seemed to be from me entering longs/shorts when stochs and RSIoma were topping/bottoming. I gotta get better at riding the waves to reduce drawdown and improve timing.
Goals/Exercises for next week:
1. Change timeframes monitored from "1m - h4" to "15m to weekly" (I think I can keep an eye on more developing patterns this way and not get sucked into the many waves of the 1m and 5m. The smaller timeframes can accelerate learning as moves happen more often, but at the same time, I think it's harder for new students to trade. Also, I can always go down to 1m and 5m charts once a clear pattern is developing on the higher timeframes.
2. Reduce drawdown.. watch the 21 stoch + RSIoma slopes for direction, use Stoch X crosses to catch the money waves, and make sure 3+ timeframes are turning at the same time.. or lower timeframes are turning to resume direction of higher timeframes.
I'm keeping my goals to a minimum each week as to not diversify my focus too much.
Have a great weekend and thanks to Alien and all the students who are still posting and helping us get better
- #10,907
- Mar 27, 2015 11:36am Mar 27, 2015 11:36am
Came across an Alien post during my re-read where he mentioned X crosses happening on multiple timeframes at the same time..
Just found a recent example on CADJPY.. something to keep an eye out for on other pairs in the future:
Edit: Link to Alien's post I was referencing: http://www.forexfactory.com/showthre...42#post7558442
Just found a recent example on CADJPY.. something to keep an eye out for on other pairs in the future:
Edit: Link to Alien's post I was referencing: http://www.forexfactory.com/showthre...42#post7558442
- #10,908
- Edited 12:15pm Mar 27, 2015 11:55am | Edited 12:15pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Today's trade on EU 5 M. Closed +100.
Per aspera ad astra
- #10,911
- Mar 27, 2015 2:15pm Mar 27, 2015 2:15pm
{image} Today's trade on EU 5 M. Closed +100.
All the stos heading long, green sto crossed 80 line & RSIOMA crossed 50 line, ADX powered up long.
What I would find offputting about this entry is the fast sto is already maxed out, and so often that means a retrace against the position? Do you take the view that if the green sto has a good angle then any retrace will be small (as in this case)?
- #10,912
- Mar 27, 2015 3:05pm Mar 27, 2015 3:05pm
hi all i m testing this system last week all people realy loves this system and win there trades i m trying to learn and implement on demo but i think i m not able to fully understand .i already read documents but i think i m missing something .my question is that possible when all requirement fullfill system generate and alert message buy or sell i think its realy easy to understand for new traders like me if its not possible then please share some good images where clearly fullfill all the rules and requirments and show where i buy and where i...
http://www.forexfactory.com/showthre...43#post8145543http://www.forexfactory.com/showthre...80#post8145480
This system may take time but is worth it
"Pain + Reflection = Progress"-Ray Dalio
- #10,913
- Mar 27, 2015 3:10pm Mar 27, 2015 3:10pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
Came across an Alien post during my re-read where he mentioned X crosses happening on multiple timeframes at the same time.. Just found a recent example on CADJPY.. something to keep an eye out for on other pairs in the future: {image} Edit: Link to Alien's post I was referencing: http://www.forexfactory.com/showthre...42#post7558442
That's it!
I almost forgot the setup on weekly tf.
8,3,3 sto is now sloping downwards.
Time to test the low.
Work smarter,not harder
- #10,914
- Mar 27, 2015 3:34pm Mar 27, 2015 3:34pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
Work smarter,not harder
- #10,915
- Mar 27, 2015 4:25pm Mar 27, 2015 4:25pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
{quote} Thank you for posting that. If the green line was the entry, then I see it like this: All the stos heading long, green sto crossed 80 line & RSIOMA crossed 50 line, ADX powered up long. What I would find offputting about this entry is the fast sto is already maxed out, and so often that means a retrace against the position? Do you take the view that if the green sto has a good angle then any retrace will be small (as in this case)?
I think I already posted the way I trade the red news.
Today there was the USA GDP. So I had on my watchlist Gold and EUR/USD.
Just 20 m. before the news release I saw BBS on EU 5 M. chart, so I put two horizontal lines at the boundaries of the BB slopes.
When price breached the lines upwards Adx were rising, Stoc. 21,10,10 overcame 80 and 100,10,10 overcame 20 at the same time.
This was my entry (green line).
GDP was a litlle lower than expected so $ negative. I put a TP of 100 and I got it.
I think EU is now in corrective pattern ABC so I had no worries to countertrend.
Per aspera ad astra
- #10,916
- Mar 27, 2015 4:41pm Mar 27, 2015 4:41pm
- Joined Nov 2014 | Status: Trader | 1,736 Posts
{quote} Hi Zimbinga, I think I already posted the way I trade the red news. Today there was the USA GDP. So I had on my watchlist Gold and EUR/USD. Just 20 m. before the news release I saw BBS on EU 5 M. chart, so I put two horizontal lines at the boundaries of the BB slopes. When price breached the lines upwards Adx were rising, Stoc. 21,10,10 overcame 80 and 100,10,10 overcame 20 at the same time. This was my entry (green line). GDP was a litlle lower than expected so $ negative. I put a TP of 100 and I got it. I think EU is now in corrective...
Congrats JP and thank you for sharing the thought process - #10,919
- Mar 27, 2015 6:00pm Mar 27, 2015 6:00pm
[quote=marcof91;8170116]{quote} Like Alien said look for X Cross trade on the EURUSD H4 next week. Take your time to study the pair and the system in this weekend. [/qu
Studied a little bit (after pages of RSIOMA) I am close to burst into tears. I cannot read more. Daily Stock 21 still green going up. H4 Stock 21 heading down,below 50, and Stock 8 coming from 20 level. For me in Spain, I use the GMT +1, there has been one cross, or it is going to be.
Is it supposed that the Stock 8 is going to track the Stock 21 up??
Thanks
[/quStudied a little bit (after pages of RSIOMA) I am close to burst into tears. I cannot read more. Daily Stock 21 still green going up. H4 Stock 21 heading down,below 50, and Stock 8 coming from 20 level. For me in Spain, I use the GMT +1, there has been one cross, or it is going to be.
Is it supposed that the Stock 8 is going to track the Stock 21 up??
Thanks
- #10,920
- Mar 27, 2015 7:08pm Mar 27, 2015 7:08pm
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....