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  • #13,441
  • Jul 31, 2015 4:30am Jul 31, 2015 4:30am
I'm studying this GREAT system and i'm need to ask that, can I use this system on M5 and M15 timeframe ???
  • #13,442
  • Jul 31, 2015 4:56am Jul 31, 2015 4:56am
Quoting kjmchc1010
I'm studying this GREAT system and i'm need to ask that, can I use this system on M5 and M15 timeframe ???
Yes.
It is mostly a trend following system but it shows how to market behaves with very good accuracy. As you go further along in your studies here you will find Alien and other traders going more in depth on Lower TF trades.

on Todays USDCAD M5 and M15. You can see it meets a lot of the Alien Criteria. Bollinger band Squeeze with ADX compression at the same time. ADX expansion with indications of an upside movement to catch the breakout.
a M5 Xcross and M5 DS at the second BBsqueeze and so on.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 415 KB
"Pain + Reflection = Progress"-Ray Dalio
  • #13,443
  • Jul 31, 2015 6:26am Jul 31, 2015 6:26am
Please suggest me what leverage should I use while scalping 10 to 20 pips on m1 using alien, s system and taking only grade A trades.
Please give your suggestions who are using this system from a while.
  • #13,444
  • Jul 31, 2015 9:25am Jul 31, 2015 9:25am
Quoting Sargent
Please suggest me what leverage should I use while scalping 10 to 20 pips on m1 using alien, s system and taking only grade A trades. Please give your suggestions who are using this system from a while.
No reply in last three hours....
  • #13,445
  • Jul 31, 2015 9:38am Jul 31, 2015 9:38am
Quoting Sargent
Please suggest me what leverage should I use while scalping 10 to 20 pips on m1 using alien, s system and taking only grade A trades. Please give your suggestions who are using this system from a while.
You know your profit target, stop loss and win ratio of so-called 'grade a' trades. Then you can do the math. It's irrelvant to the systems. By the way, to be profitable making 10 pips scalping, your win rate should be close to 90%....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #13,446
  • Jul 31, 2015 11:36am Jul 31, 2015 11:36am
Quoting heispark
{quote} You know your profit target, stop loss and win ratio of so-called 'grade a' trades. Then you can do the math. It's irrelvant to the systems. By the way, to be profitable making 10 pips scalping, your win rate should be close to 90%....
Thanks for reply.By the way what is meant by so called grade a trades.
  • #13,447
  • Jul 31, 2015 12:08pm Jul 31, 2015 12:08pm
Quoting Sargent
{quote} Thanks for reply.By the way what is meant by so called grade a trades.
"so called grade A trades" is a term heispark is using to emphasise that it is very hard to define a "grade A trade". If it was easy we would do it all the time, or program a computer to do it for us and we would make loads of cash...the reality is that "grade A" is a very subjective term. Your "grade A" is very different to my "grade A" for example.
Said in two batches "so called"..."grade A trades".
  • #13,448
  • Jul 31, 2015 12:12pm Jul 31, 2015 12:12pm
Sometimes it seems like you have won the lottery when you have a few ulrika moments reading this thread. Stick to your current money management for a while....Just in case...You seem to know your stuff though sergent so it wont be long before your trading bigger lots with your winnings :-)
  • #13,449
  • Jul 31, 2015 4:13pm Jul 31, 2015 4:13pm
Quoting marcof91
Long on GBP/CAD Daily tf slingshot 8,3,3 sto with 42,89 and 144 adx still powered on H4 tf is mixed to me H1 tf has bullish divergence on RSIOMA and 21 sto {image}

Marcof91...thanks for your posts on this thread. I have learned a lot from you (and Master Alien and others), but I really appreciate your outlook on the pairs you post. It is very helpful. I am learning a lot about divergence through your education and example throughout this thread. I scored serious pips on GC!

I just need to have more patience and WAIT until the ADX powers down, signalling that the trade is over on the larger time frames before i exit my trades. I end up leaving a lot of pips on the table, as they should be in my pocket. Thanks again for your posts. They are very helpful. Thank you and Master Alien for this great thread.
Be Patient....
  • #13,450
  • Aug 1, 2015 4:20am Aug 1, 2015 4:20am
Quoting HB Pips
{quote} Marcof91...thanks for your posts on this thread. I have learned a lot from you (and Master Alien and others), but I really appreciate your outlook on the pairs you post. It is very helpful. I am learning a lot about divergence through your education and example throughout this thread. I scored serious pips on GC! I just need to have more patience and WAIT until the ADX powers down, signalling that the trade is over on the larger time frames before i exit my trades. I end up leaving a lot of pips on the table, as they should be in my pocket....
Thank you for your kind words,you made me smile for a good time.
Work smarter,not harder
  • #13,451
  • Aug 1, 2015 10:27am Aug 1, 2015 10:27am
So looking to the week ahead I have 6 pairs I'll be concentrating on. Keeping in mind that I'm primarily a longer term trend trader.
Would appreciate any comments from the experts here.

USDCAD
AUDUSD
AUDJPY
EURCAD
GBPAUD
GBPCAD

No great surprise here as the USD and GBP have been stronger than the AUD and CAD of late.

So first off my thoughts on the USDCAD. I was in this on Thursday but got shaken out on the news Friday morning. At least I picked up 50 pips.

Weekly looks great with the stochs rising long. ADX are all climbing and the RSIOMA has a nice DS slingshot. Gotta get on board here.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADiWeekly.png Size: 114 KB

Daily looking strong too. Shorter term ADX's turning down but longer term still rising. RSIOMA above 80 and still rising.
Attached Image (click to enlarge)
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H4 stochs and RSIOMA look strong. ADX a little more flat, especially the 89, so will bear watching LTF's
Attached Image (click to enlarge)
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H1 looks great long across the board.
Attached Image (click to enlarge)
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M15 turning down so I'll have to look for a retracement and reentry here.
Attached Image (click to enlarge)
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M5 same as M15
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M1 may be showing the end of this retracement as stochs and RSIOMA are starting to turn back up.
Attached Image (click to enlarge)
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I'll post other pairs later and see what kind of input everyone has.
  • #13,452
  • Aug 1, 2015 12:00pm Aug 1, 2015 12:00pm
AUDUSD summary.

Weekly's looking like a strong downtrend. Stochs and ADX both look good and RSIOMA is still finishing a DS slingshot.
Attached Image (click to enlarge)
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Daily's getting kind of mashed on the bottom. Could of course stay down there for a while before rising so I'll watch the LTF's.
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H4 is a mixed bag. The short term stochs are climbing (not good) ADX is falling. RSIOMA tried to slingshot but it's reversing at this point.
Attached Image (click to enlarge)
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H1 is ugly :nerd: but favoring the upside.
Attached Image (click to enlarge)
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M15 ADX is resting. Stoch might be forming an X. RSIOMA is somewhat falling but might be setting up for a slingshot long. May have to wait for that to cycle up before an entry shows up short.
Attached Image (click to enlarge)
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M5 seems like it's definitely setting up for a climb. We've got divergence on the 21 stoch and we'll see if the RSIOMA continues to climb past 50
Attached Image (click to enlarge)
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M1 seems ready to fall so we'll have to wait and see.
Attached Image (click to enlarge)
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All in all it seems prudent to wait for some continuity on the time frames.
  • #13,453
  • Aug 1, 2015 1:12pm Aug 1, 2015 1:12pm
AUDJPY

Weekly downtrend. Stochs and RSIOMA heading down as the ADX winds up.
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Daily is down. Stochs are at the bottom for the most part as is the RSIOMA. Adx is up but not too exciting.
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We're in a BBS on the H4 and that resting is reflected in the ADX. Something of a DS slingshot setting up but RSIOMA not overly low.
Attached Image (click to enlarge)
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H1 is mixed as we might expect from the H4 BBS.
Attached Image (click to enlarge)
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M15's looking down but the ADX has lost interest.
Attached Image (click to enlarge)
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M5 is setting up to go long with the stochs and RSIOMA rising
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYiM5.png Size: 112 KB


M1 is definitely showing up. Coming out of a BBS, stochs are rising as ADX powers up. RSIOMA/DDS crossing 80. Could be a nice scalping trade, but not my gig.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYiM1.png Size: 106 KB
  • #13,454
  • Aug 1, 2015 5:41pm Aug 1, 2015 5:41pm
Quoting spyderman
AUDJPY Weekly downtrend. Stochs and RSIOMA heading down as the ADX winds up. {image} Daily is down. Stochs are at the bottom for the most part as is the RSIOMA. Adx is up but not too exciting. {image} We're in a BBS on the H4 and that resting is reflected in the ADX. Something of a DS slingshot setting up but RSIOMA not overly low. {image} H1 is mixed as we might expect from the H4 BBS. {image} M15's looking down but the ADX has lost interest. {image} M5 is setting up to go long with the stochs and RSIOMA rising {image} M1 is definitely showing...
I would say : Careful with this one,there is bullish divergence on 21 sto and RSIOMA at weekly tf plus double bottom on daily tf.
Could make a new low,but i would avoid trading it for long term.
Work smarter,not harder
  • #13,455
  • Aug 1, 2015 10:46pm Aug 1, 2015 10:46pm
I shorted AJ last time, didnt work out perfectly. Taking another shot at it. Just adding on to Spiderman and Marco's comments.
Starting with 5m: rubber band snapping downwards. RSIOMA crossing below 20. ADX all 5 powering up.
15m. RSIOMA downwards, sto 8 coming back down. green sto already below 20. ADX all 5 powering up.
h1. RSIOMA turning back down. Sto 8 crossed below green sto and 100 sto heading straight down. ADX all 5 are up.
1d. RSIOMA nailed to the bottom. sto 8 coming back down. (anytime sto 8 coming back with green sto, its a good short signal).
ADX are all powered up. and when the faster speed came down and 21, 42 stayed up, its still a short signal.
Regarding to the waves, I do not know what I am talking about but could it be wave three on the daily chart? Add all this to the strong short for the weekly. I think it has great potential.
Attached Image(s) (click to enlarge)
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  • #13,456
  • Aug 2, 2015 12:01am Aug 2, 2015 12:01am
Well I had to chime in since everyone is talking A/J.

My data tells me that this thing is a BBS on the monthly. The bears have some kind of control on every TF below that. The play is to let the bulls make a charge and then short that sucker. I want to see the fast stoch pull above 20. Above 50 would be even better. Then get on when the bears come back in.
Attached Image (click to enlarge)
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If you are good at something, never do it for free--Joker
  • #13,457
  • Aug 2, 2015 8:59am Aug 2, 2015 8:59am
EURCAD

Weekly stochs and RSIOMA/DDS are climbing. ADX starting to expand but 89 & 144 haven't kicked in yet.
Attached Image (click to enlarge)
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Daily stochs are up with RSIOMA/DDS above 80. ADX resting but slightly up
Attached Image (click to enlarge)
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H4 looks poised for a rise with the RSIOMA/DDS and stochs curving up. ADX is powering up.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADiH4.png Size: 121 KB


H1 looking similar to the H4 with the 8,3,3 stoch falling. Will be looking for the 8,3,3 to reverse back up.
Attached Image (click to enlarge)
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The M15 is entering a BBS and setting up for a possible slingshot to the upside
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADiM15.png Size: 111 KB


M5 is in a full BBS squeeze with the ADX low and contracted. Will have to wait for direction and look to M1 for possible indication.
Attached Image (click to enlarge)
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M1 too early to tell for sure but RSIOMA/DDS curling up and stochs are doing likewise. ADX still low
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADiM1.png Size: 116 KB
  • #13,458
  • Aug 2, 2015 11:06am Aug 2, 2015 11:06am
GBPAUD

Weekly has been on a strong bullish uptrend for about 2000 pips. Stochs are mashed up top but RSIOMA/DDS still has some room above 80 and the ADX is showing strong power.
Attached Image (click to enlarge)
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Daily ADX still going strong with the stochs and RSIOMA/DDS mashed at the top. While it could stay there for awhile will have to watch for drop on LTF's
Attached Image (click to enlarge)
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H4 is showing some downside with the stochs and RSIOMA/DDS starting to fall, but the ADX is much interested yet. Might be setting up for a slingshot in days to come.
Attached Image (click to enlarge)
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Pretty much a mixed bag on the H1. Will have to wait for some clarity here.
Attached Image (click to enlarge)
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M15 is mixed as well but we may be seeing an X trade on the 8,3,3 - 21,10,10. ADX would have to come to the party.
Attached Image (click to enlarge)
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M5 is falling on stochs and RSIOMA/DDS. ADX is mixed
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M1 definitely falling across the board.
Attached Image (click to enlarge)
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  • #13,459
  • Aug 2, 2015 11:15am Aug 2, 2015 11:15am
GBPCAD

The Weekly, Daily, H4 and H1 are all strongly up with rising ADX. The H1 is completing a nice slingshot.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADiWeekly.png Size: 118 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADiDaily.png Size: 123 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADiH4.png Size: 109 KB

Attached Image (click to enlarge)
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M15 is rising as well with the 8,3,3 stoch testing the round number area.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADiM15.png Size: 111 KB


M5 is retracing on stochs and DDS but the RSIOMA is staying high for a possible slingshot.
Attached Image (click to enlarge)
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M1 is looking to turn higher
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADiM1.png Size: 110 KB
  • #13,460
  • Aug 2, 2015 12:05pm Aug 2, 2015 12:05pm
EUR/JPY
Still unsure for where is heading but monthly tf says long.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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