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Alien's Extraterrestrial Visual Systems

  • #11,721
  • Apr 23, 2015 3:56pm Apr 23, 2015 3:56pm
gotcha
  • #11,722
  • Apr 23, 2015 4:20pm Apr 23, 2015 4:20pm
Quoting raiders
gotcha
A good example would be CJ right now, its doing the same thing as UCAD.

All day every timeframe has been strong buy. A couple of hours ago 1M changed to sell, followed by 5M, followed by 15M but 1H stayed as a buy.
I have a long already open. One of two things will happen:

  1. 1H RSIoma and ADX go short = I get nervous and cashout
  2. 1M goes long again, followed by 5M, followed by 15M = all the planets are aligned and I add to my position.

Well as it so happens price has followed the second option; all timeframes are now saying long apart from 15M (the last one).

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 18 KB

As soon as the DS crosses as in the picture I will pull the trigger. Its a good sign that it will bust out of the BB squeeze.

Why don't I just pull the trigger now.... It might just be a fake break up (low volume) and 1M could go short again, followed by 5M = me out of pocket. The cost of waiting for the perfect signal is likely to be a handful of pips which is worth paying in my view just to de-risk my setup.
  • #11,723
  • Apr 23, 2015 4:24pm Apr 23, 2015 4:24pm
Just as I was typing that last post this happened
This is 5M (I don't use 1M)
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 16 KB

When I started the last post there were no red candles.
Quote
Why don't I just pull the trigger now
Thats why.

I'm now back to waiting for 5M to go long, then 15M. 2 steps back, 1 forward.
  • #11,724
  • Apr 23, 2015 5:08pm Apr 23, 2015 5:08pm
ok. so basically work down from 4H to say 30M, then allow 1M to turn 5M to turn 15M long all while the others keep same direction
  • #11,725
  • Apr 23, 2015 5:22pm Apr 23, 2015 5:22pm
Quoting raiders
ok. so basically work down from 4H to say 30M, then allow 1M to turn 5M to turn 15M long all while the others keep same direction
Bang on Correct.

I'm using 1H, 4H, and to some extent D1 for trend. Which means I want the two lower timeframes, 15M and 5M (I don't use 30M), to agree. Any of the timeframes disagrees then I'm not trading.
If you want to be more agressive you can lower timeframes for scalping.

It seems to be working for me at the moment. As you know, I'm still new and whilst I haven't had many losers with this system (I'm sitting on one at the moment because I speculated on sub-optimal signals), some of my winners have suffered some drawdown. It wasn't until ProfitDaily's post yesterday where he pointed out the DS cross that the penny dropped and I think I'm understanding.
  • #11,726
  • Apr 23, 2015 6:11pm Apr 23, 2015 6:11pm
Quoting raiders
UC 1M Would this be a spot to look for a short entry? {image}
as long as the M5 and M15 looked to turn down also............
The More You Learn, The More You Earn.....
  • #11,727
  • Apr 23, 2015 6:15pm Apr 23, 2015 6:15pm
I see a lot of DS M15 trades setting up on AU, UC, EU, GU,EJ maybe UJ, at this time ........
The More You Learn, The More You Earn.....
  • #11,728
  • Apr 23, 2015 6:47pm Apr 23, 2015 6:47pm
Quoting forexalien
I see a lot of DS M15 trades setting up on AU, UC, EU, GU,EJ maybe UJ, at this time ........
loaded, wait for the money wave
  • #11,729
  • Apr 23, 2015 6:51pm Apr 23, 2015 6:51pm
Quoting forexalien
I see a lot of DS M15 trades setting up on AU, UC, EU, GU,EJ maybe UJ, at this time ........
I'm liking your indicators man. Dont know much about Eliot waves but would the potential fall in UC be considerd the 3rd wave on the 1h chart?
  • #11,730
  • Apr 23, 2015 6:55pm Apr 23, 2015 6:55pm
Quoting raiders
{quote} I'm liking your indicators man. Dont know much about Eliot waves but would the potential fall in UC be considerd the 3rd wave on the 1h chart?
wave 5 maybe................
Attached Image (click to enlarge)
Click to Enlarge Name: uc dss.JPG Size: 316 KB
The More You Learn, The More You Earn.....
  • #11,731
  • Apr 23, 2015 6:58pm Apr 23, 2015 6:58pm
Quoting michaelhyin
{quote} loaded, wait for the money wave
Easy to read charts tonight..............
The More You Learn, The More You Earn.....
  • #11,732
  • Apr 23, 2015 7:18pm Apr 23, 2015 7:18pm
Quoting FerruFx
{quote} By being profitable ...
you are right, that is only way
  • #11,733
  • Apr 23, 2015 7:18pm Apr 23, 2015 7:18pm
Quoting forexalien
I see a lot of DS M15 trades setting up on AU, UC, EU, GU,EJ maybe UJ, at this time ........
I might have to talk in code in the future, so the RSIoma's don't start moving ,,,,,,lol
The More You Learn, The More You Earn.....
  • #11,734
  • Apr 23, 2015 7:28pm Apr 23, 2015 7:28pm
Quoting forexalien
{quote} No support from her, dump her...........................................................................just kidding.
em, may be i should think it over
  • #11,735
  • Apr 23, 2015 7:36pm Apr 23, 2015 7:36pm
Quoting forexalien
{quote} I might have to talk in code in the future, so the RSIoma's don't start moving ,,,,,,lol
aha, the wave show its face
  • #11,736
  • Apr 23, 2015 7:38pm Apr 23, 2015 7:38pm
Gold 15/60/240M. Note divergence as well.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-24_9-34-25.png Size: 106 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11,737
  • Apr 23, 2015 8:00pm Apr 23, 2015 8:00pm
Quoting michaelhyin
{quote} aha, the wave show its face
DS M15's in motion across the board...............
The More You Learn, The More You Earn.....
  • #11,738
  • Apr 23, 2015 8:01pm Apr 23, 2015 8:01pm
Quoting forexalien
{quote} DS M15's in motion across the board...............
20 pips on the AUDUSD so far , M1 retrace is near.............
The More You Learn, The More You Earn.....
  • #11,739
  • Apr 23, 2015 8:07pm Apr 23, 2015 8:07pm
au long and uc short both fit my criteria and are in agreement with your system. im very excited to see how this goes so far looking nice
  • #11,740
  • Apr 23, 2015 8:11pm Apr 23, 2015 8:11pm
Quoting raiders
au long and uc short both fit my criteria and are in agreement with your system. im very excited to see how this goes so far looking nice
The M5 AU will cycle down before going long again............
The More You Learn, The More You Earn.....
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