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  • #13,121
  • Jul 10, 2015 4:36am Jul 10, 2015 4:36am
Could someone please help to understand the below chart. This is H4 chart, as we see could see ADX is decreasing and stochastic 21 is trying to climp up. What will happen in this situation.
Attached Image
  • #13,122
  • Jul 10, 2015 4:37am Jul 10, 2015 4:37am
Here we go with H1 chart.
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  • #13,123
  • Jul 10, 2015 5:20am Jul 10, 2015 5:20am
Quoting johnstockel
Could someone please help to understand the below chart. This is H4 chart, as we see could see ADX is decreasing and stochastic 21 is trying to climp up. What will happen in this situation. {image}
It looks like it wants to go down w8 for longer stochs to go down and adx to expand and then enter short. h1 is mixed in my opinion so w8.
  • #13,124
  • Jul 10, 2015 5:33am Jul 10, 2015 5:33am
Quoting Songok
{quote} It looks like it wants to go down w8 for longer stochs to go down and adx to expand and then enter short. h1 is mixed in my opinion so w8.
Thanks for your time and update. Could you please tell me which you are referring as longer stochastic. Is it stochastic 21 in H4 chart. Sorry i am new to this system.
  • #13,125
  • Jul 10, 2015 5:46am Jul 10, 2015 5:46am
Quoting johnstockel
{quote} Thanks for your time and update. Could you please tell me which you are referring as longer stochastic. Is it stochastic 21 in H4 chart. Sorry i am new to this system.
Yes longer stochs are for me 21 and 100.
  • #13,126
  • Jul 10, 2015 5:56am Jul 10, 2015 5:56am
Quoting johnstockel
Could someone please help to understand the below chart. This is H4 chart, as we see could see ADX is decreasing and stochastic 21 is trying to climp up. What will happen in this situation. {image}
No adx power, the 8,3,3 is starting a rubber band trade for a sell at this time. The RSIoma and DS are in a down position and have not crossed up.

Are both charts the same pair? Must be.....

The H1 is topping , it can continue long, No ADX power, DS is trying to cross lower, it looks like the M15 will go long soon because the 8,3,3 will rubber band long on the H1 and a possible X cross trade may happen.................

This is a sell at this time. Do some more reading and all the answers are there for you..................
The More You Learn, The More You Earn.....
  • #13,127
  • Jul 10, 2015 6:03am Jul 10, 2015 6:03am
Quoting johnstockel
{quote} Thanks for your time and update. Could you please tell me which you are referring as longer stochastic. Is it stochastic 21 in H4 chart. Sorry i am new to this system.
8 is the fastest , 21 medium, 100 slowest...........

Please read the thread..........

We do like your posting for help, but most your questions can be answered by studying the thread and putting it into practice ..........
The More You Learn, The More You Earn.....
  • #13,128
  • Jul 10, 2015 6:27am Jul 10, 2015 6:27am
Hey guys i want to start a discussion, I was struggling with the system for some time. For about a month i get consistent results week after week, but still i have some trouble with staying profitable. I have a win rate like 70-80% but I let my profits melt away, Alien's advice to get out of the trade when 21 stoch turns down helped me a lot but im still tweaking it. I trade mostly H4+ setups and sometimes this method is too slow to get out of the trade (or sometimes Im not disciplined enough to get out on the first sign of reversing - Im working on it). How do You guys decide to get out of the profit or loss trade with the alien system?
For now my rules:
take profit - H4 21 sto turns down - sometimes i will let it run and will get out after 21 sto is going down the 80 lvl
break even - after about 50-100 pips
stop loss - about 300-400 pips from the price - my backup for some unexpected events like chf situation
manual stop loss - when h4 21 sto turns down for 2 periods (8h for h4 trade)

In last month i have observed that most of my trades are profitable for 200-300 pips and then go down to the BE and others to stop loss. Maybe I should set some strict rules for tp like 200 pips for h4 trades?
Please share Your rules and results
  • #13,129
  • Jul 10, 2015 6:30am Jul 10, 2015 6:30am
Quoting forexalien
{quote} 8 is the fastest , 21 medium, 100 slowest........... Please read the thread.......... We do like your posting for help, but most your questions can be answered by studying the thread and putting it into practice ..........

Sure Master Alien. I am reading the thread slowly. Will try to complete. Have started trading parallel as well, with the help of chart.
  • #13,130
  • Jul 10, 2015 11:48am Jul 10, 2015 11:48am
OK, so thought I'd share some of my observations.

Just purely looking at 1 time frame [in my case, the M5], I've become particularly interested in price's relationship with the Bollinger Bands, while observing the stochs.

I've been having considerable success trading like this.

Basically, we all know that Bollinger Bands "contain" price 95% of the time.

So, what if we have price at a lower BB, but yet the longer term stochastic [100,10,10] is above 80. Surely, this is a great odds enhancer for a move upwards from that point?

Similarly, if price has pushed upwards, then returns to the mean [20SMA], but the 100,10,10 is still above 80, then again, we have a higher probability of a move upwards.

Used in conjunction with the slowest Stoch [8,3,3], we can get some great entries.

And remember, the 100,10,10 is based on the next higher timeframe, so we are actually using multiple timeframe analysis with this method.

Anyway, here are is a pic from today to show what I'm on about. I'm only interested in trading from Frankfurt open to London close.

And don't be greedy!! Remember this is an M5 chart. I aim for 40 pips from a bounce off an outer band, and 20 pips off a bounce from the mean. It's a cliche, but a consistent 20 pips a day is enough to make you very wealthy over time.

Hope someone finds this helpful.
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  • #13,131
  • Jul 10, 2015 12:04pm Jul 10, 2015 12:04pm
I think it's time for the GBPNZD to break short from that M15 compression.
  • #13,132
  • Jul 10, 2015 12:07pm Jul 10, 2015 12:07pm
All the panic about the Euro!!

But look at this. Who on earth would want to short it, knowing how the 100,10,10 behaves!!!?? [AND the RSIOMA!!??]
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  • #13,133
  • Jul 10, 2015 12:12pm Jul 10, 2015 12:12pm
Quoting Gt3rs
All the panic about the Euro!! But look at this. Who on earth would want to short it, knowing how the 100,10,10 behaves!!!?? [AND the RSIOMA!!??] {image}
Yes, the 100 sto could be used as a simple system when entering on the oversold or overbought area and get out when it left.
  • #13,134
  • Jul 10, 2015 12:16pm Jul 10, 2015 12:16pm
Quoting Gt3rs
All the panic about the Euro!! But look at this. Who on earth would want to short it, knowing how the 100,10,10 behaves!!!?? [AND the RSIOMA!!??] {image}
It's just a game of patience and have a open mind to change direction...
I posted before the reason why we shouldn't go short at this point.
Work smarter,not harder
  • #13,135
  • Jul 10, 2015 12:17pm Jul 10, 2015 12:17pm
Quoting forexalien
USDCAD sell is looking good long term, have enough margin to ride out a storm ........................ {image}
H4 & Weekly have DS setting up long - sit on hands to see if that fails and price comes back from resistance? Do appreciate you are saying long term not now...
  • #13,136
  • Jul 10, 2015 12:18pm Jul 10, 2015 12:18pm
Quoting forexalien
{quote} Great ! Alien is not always here to help others and it helps you improve to answer their questions.....................
I totally agree with you Mr. Alien .
  • #13,137
  • Jul 10, 2015 12:33pm Jul 10, 2015 12:33pm
Quoting Zimbinga
{quote} H4 & Weekly have DS setting up long - sit on hands to see if that fails and price comes back from resistance? Do appreciate you are saying long term not now...
I Believe this DS on H4 will play as a cross trade short, and that chart space on H4 is a whole week, so the move should begin next week probably, what do you think Alien?


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  • #13,138
  • Jul 10, 2015 1:06pm Jul 10, 2015 1:06pm
This is the end of another trading week for me, and i'm very happy with my new slow and steady account, using small lots it's one the best things that Alien has taught to us, i don't get caught by the fear and greedy anymore, "slow is steady, fast is fragile" thanks Alien .


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  • #13,139
  • Jul 10, 2015 4:12pm Jul 10, 2015 4:12pm
Quoting Thiagorosa
{quote} Oi Idris, aqui no Brasil meio complicado discutir boas idias de trade mesmo, eles ainda se preocupam muito com nmeros e coisas que no costumam funcionar muito bem . Sobre sua dvida, essa janela do indicador que voc marcou do Nihilist, eu no sei ao certo o significado das cores que ele usa, mas l embaixo na janela do ADX do Alien voc poderia mudar a cor das barras para vermelho quando ele estiver criando as ondas de venda e verde para ondas de compra, um pouco antes do inicio desse movimento ali atrs o ADX fez uma onda curta, depois contraiu...
Ol Thiago,
Obrigado por sua análise geral e dica sobre o ADX Alien (alterei a cor e fica mesmo muito mais fácil a visualização, veja anexo).
Você poderia compartilhar comigo o indicador que aparece na janela 2 do seu template publicado no seu post no. 13087? Pelo que entendi da sua resposta não é o indicador do Nihilist que estou utilizando aqui.. quero comparar e deixar meu template mais parecido com o seu. (inclusive vou acrescentar o Zig Zag pois facilita tambem na visualização de divergências)... tambem estou trabalhando/estudando para aprender identificar divergências!!!.
Muito obrigado e bom final de semana...

Ps: sugiro nos próximos posts voltarmos para o idioma inglês.. é mais trabalhoso para mim, mas assim eu aproveito para aprender/aprimorar o inglês tambem!!!!
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  • #13,140
  • Jul 10, 2015 5:02pm Jul 10, 2015 5:02pm
Quoting Idris.Brazil
{quote} Ps: sugiro nos prximos posts voltarmos para o idioma ingls.. mais trabalhoso para mim, mas assim eu aproveito para aprender/aprimorar o ingls tambem!!!! {image} {image}
yes please
Being good at what you do is a result of having fun
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