Alien's Extraterrestrial Visual Systems

XAUEUR: Looking for reentry. Full adx and bbs. Also note daily is on the verge of breaking the master candle. Waiting some full back at lower TFs tomorrow.

Since my last post about EU,we had 1 day in advance to start looking for shorts on that X cross.
And now you have the result in front of your eyes.

i think i see it now

Terrifying,please remove that image.

Very nice.

ADX 7, 21 and 42 are still expanding on your chart, and mine, but your ADX dash is red?

Come now , we all look like that once, at least Alien did... What I mean is thank you for reminding us to keep our eye on the bigger picture no matter how long it takes I will stop now before my hole gets any deeper

Monthly is long after a retrace...............

Weekly - oh this was that ugly drop one, lol

Daily - just turned up and RSIoma and DS are both turning up...........

H4 - Looks to be topping , but the DS looks to have another possible 5 or 6 candles left and it is just hitting the weekly pivot.

H1 - is ADX strong, RSIoma over 80 and 100 and 21 sto's are buried flat to the ceiling.

After the H1 cycles back down again we will take another look at it...............for continuation or failure...........

It would appear so, watch the hidden DS cross below the RSIoma.......................

It's Fun to see into the future................

2 positions on EC floating positive
+118 pips
+96 pips

One more position entered now on M15 slingshot.
Will close them all at power off on H1 adx or maybe H4 if my mind allows.

Too late ...........you have been impaled.............

Good Idea....................Thanks

Nice patience and a DS on the daily................

All thanks to you Alien!
Now it is more easy and fun to trade.

Yes,mine is red for short,green for long and grey for no momentum.

Hello everyone...........

I had an Alien follower contact me with a few questions and I thought I would post the answers here so everyone could learn from them.................


Hi Alien,

I was wondering if I could probe your brain a little bit regarding trading goals and stats... ?

Since you run your own business building UFOs, I imagine you must have some stat tracking/goal setting skills that seem to be common amongst successful entrepreneurs..

Well, I want to begin tracking my trading progress with pen and paper so I can have a reference for where I am improving and what areas I need to work on..

I was wondering if you had ever applied such skills to trading, and if so, any ideas on how to go about it?

Thanks,

Alien Follower............

...........................................................................................................

Hello Alien follower........

A lot of good questions you have there............

I have kept track of trades made in the past, but I now just look at the MT4 statement they send me daily , and I can see trades exited and trades still working for profits.

Goals
As far as forex goes, I just plug along each day making swing trades that can bring me in $40 to $400 per account per day. I just let them build slowly and with no losses, before I know it, $1500 becomes $5000 and $5000 becomes $12,000 and so on.

You can only take what the market gives you. there are days I have to wait for the market to come back to me, but I always trade with a larger TF in mind so the trade always comes back to me. (Example at this time is pull backs on the AUDUSD and going long, it's down $0.25 from parity, and the USDCAD selling pull backs, it is up $0.25 from parity. So the odds of these going lower and higher will not be much.........)

I also manage my trading like a warehouse inventory.

I see what goes on sale and buy or sell, I will hang onto a few different pairs at a time and cycle in and out of them as needed.

I don't recommend this, but I do fade tops and bottoms until they reverse for me.

You would learn a lot about yourself if you kept track of your each trade and why you took it and why you got out of it.

After a while you get to recognize the same patterns time after time and you become proficient at trading.

The key is to say No, to the no man's land of is it going long or short. If you can't see it , walk away. Sit on your hands. I don't want to have to make that loss back before I continue forward , so I just won't make any losses, they waste my time........

Printing out the perfect chart and keeping it on your desk would help you.

Study the every turn and twist of each indi and what it does when it turns that direction will really help you out also.

As far as your last question, Alien just never stops thinking about a way to improve on what already works for me.

Think out of the box and do a lot of back testing with this system, look where the biggest moves are and the location of each indicator and why it's there or where it crossed what and so on.

I have done most of the work for you by teaching what I have learned, it's your turn to dig in now and work hard and make it yours too..............

Thank You...............

Its only my demo account but my first trades (lunchtime-ish today) with the Alien system seem to working out alright ;-P

Profit column in points not currency.
Currently at P.12 of the thread, tonight I hope to get a bit further.

Cheers Alien

[quote=forexalien;8196026]Hello everyone........... make it yours too.........Seems Aliens are more humane than humans ? Anyways I love you for what you are and even more for what you have shared . thank you

About AU. It's buying dips till 8 daily stock will be close to 80 area isn' it??? And then, wait for a coming back, isn'it??

I should give thanks to you and Marco to improve myself. But I have a scalper mind, so it's very hard for me to keep the benefits and let them run. I have good entries and your system gives me more confidence, but I close too early ... I do not realize yet when I am in a home run or a break and set point in the daily... Time will give me confidence...

Time heals everything...
Just practice,practice,practice...
You will get there.
AU
I wouldn't buy it now,i would like to see 8,3,3 sto cycle back down and also 21 sto turning back up and crossing 50 level before going long.
As also you can see on H1 tf,the entire move up didn't gain full power adx,so a pullback may take place to bring down the speeds of adx and then the expansion can start properly.