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  • #13,501
  • Aug 6, 2015 1:17pm Aug 6, 2015 1:17pm
Quoting marcof91
Possible test of the top underway on GBP/NZD (still 100 pips can be made). 8,3,3 slingshot on weekly tf DS near cross on daily tf BBS on H4 with all stos above 50 lv {image}
Tested the top and now coming down...
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  • #13,502
  • Aug 6, 2015 3:35pm Aug 6, 2015 3:35pm
Quoting awcharts
Long GJ for about 50 pips. 30 m, rubber band snapping back up. 1h. rsimoa staying above 80. sto 8 going back up to join sto 21 and 100. 4h. rubber band already in progress and green sto just broke 80. 1d is long. {image} {image} {image}
I made some money but I have an open long position in the red.
So, I placed a long trade and that one hit my profit target. My limit order to go long was triggered as well but the pair continued to go down further. Did I miss something with my analysis Mr. Alien? anyway I could have seen this coming?
  • #13,503
  • Aug 6, 2015 5:07pm Aug 6, 2015 5:07pm
Quoting awcharts
{quote} I made some money but I have an open long position in the red. So, I placed a long trade and that one hit my profit target. My limit order to go long was triggered as well but the pair continued to go down further. Did I miss something with my analysis Mr. Alien? anyway I could have seen this coming?
Watch the divergences that show up and use stop loss when comes out news like today.
Bearish divergence on RSIOMA weekly tf
Double top on daily tf ?
Bearish divergence on 21 sto H4 tf
H1 tf had also a bearish divergence on 21 sto
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  • #13,504
  • Aug 6, 2015 5:15pm Aug 6, 2015 5:15pm
Quoting awcharts
{quote} I made some money but I have an open long position in the red. So, I placed a long trade and that one hit my profit target. My limit order to go long was triggered as well but the pair continued to go down further. Did I miss something with my analysis Mr. Alien? anyway I could have seen this coming?
perhaps i don't understand well since my english is poor but so, you've put a limit order just after the big decrease,

Ok sometimes alien or others have talked about reversal,etc but that's in quite specific situation,

to enter a trade with this strategy, you need certain conditions, adx power,etc
so you just can't place buy limit because you're in a bull trend, i guess you didn't put a random buy limit but i don't understand on what you based your entry
  • #13,505
  • Aug 6, 2015 5:43pm Aug 6, 2015 5:43pm
I didn't explain it too well.....
So, if you look at the charts I put up last night to go long on GJ. I bought a position and that did hit my profit target while I was sleeping. Often, I would have set stop losses based on recent average movements and I would get stopped out once in awhile. I was thinking... why not put a limit buy 50 pips below where the price was when I put in the first buy and perhaps my second limit buy order would be triggered and also hit profit target. In stead, PA went up and closed the first position with profit then price just dropped after that. When the price came down, my second limit buy order triggered and hence why I am currently in the red.
  • #13,506
  • Aug 6, 2015 6:37pm Aug 6, 2015 6:37pm
Quoting marcof91
{quote} Watch the divergences that show up and use stop loss when comes out news like today. Bearish divergence on RSIOMA weekly tf Double top on daily tf ? Bearish divergence on 21 sto H4 tf H1 tf had also a bearish divergence on 21 sto
Yep, I see that now. The only problem is that these divergence showed up at 1 am when I was zzzzzzz
  • #13,507
  • Aug 6, 2015 6:39pm Aug 6, 2015 6:39pm
Quoting awcharts
I didn't explain it too well..... So, if you look at the charts I put up last night to go long on GJ. I bought a position and that did hit my profit target while I was sleeping. Often, I would have set stop losses based on recent average movements and I would get stopped out once in awhile. I was thinking... why not put a limit buy 50 pips below where the price was when I put in the first buy and perhaps my second limit buy order would be triggered and also hit profit target. In stead, PA went up and closed the first position with profit then price...
well, so i had well understood !

and you don't respect this strategy

you just can't put a random trade like that,

the problem is that you don't know the situation that will be in place when your limit order will be triggered,

and more important if you try to respect this strategy, a buy limit just can't fill the conditions of an entry.

To enter, you need adx with you,stoch,etc. Here we had a bullish trend, so to trigger your buy limit order, the market had to go down,

but so, it's impossible for you to have full adx power , stoch in good direction,etc if your prices is retracing !

Ok, the long term is with you but it's not a reason to put random trades who are 90% luck based
  • #13,508
  • Aug 7, 2015 3:04am Aug 7, 2015 3:04am
Quoting marcof91
{quote}Tested the top and now coming down...
Hi Marcof91 - pardon me, i'm very new to trading forex (one year) and very new to this system. I took this trade based on the Xcross on the H1 TF and also H4 showng signs of coming down based on the Rsioma hitting the roof. The pair went all the way until 150 pip in profit but is now turning back up. I know that on D1 Rsioma is showing trend is still up and DS formation there. How do i manage this and is there any signs of a reversal on this pair? Kindly assist. Thanks in advance
Attached Image (click to enlarge)
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  • #13,509
  • Aug 7, 2015 6:56am Aug 7, 2015 6:56am
Quoting jazzclef
{quote} Hi Marcof91 - pardon me, i'm very new to trading forex (one year) and very new to this system. I took this trade based on the Xcross on the H1 TF and also H4 showng signs of coming down based on the Rsioma hitting the roof. The pair went all the way until 150 pip in profit but is now turning back up. I know that on D1 Rsioma is showing trend is still up and DS formation there. How do i manage this and is there any signs of a reversal on this pair? Kindly assist. Thanks in advance {image}
Still running on your side...
Just have caution on this zone,follow adx power on M5 tf and wait to turn it off to exit.
Simple!
Work smarter,not harder
  • #13,510
  • Edited 2:06pm Aug 7, 2015 8:06am | Edited 2:06pm
Quoting marcof91
{quote} Still running on your side... Just have caution on this zone,follow adx power on M5 tf and wait to turn it off to exit. Simple!
Thank you very much for your kindness. I would never have thought of it that way. Cheers
  • #13,511
  • Aug 9, 2015 8:53pm Aug 9, 2015 8:53pm
Marco,

Just following up on this trade, please add any other comments.

From D1. ADX loosing power for 7, 21 and 42 but 89 and 144 still long at this point.
4h. ADX 7, 21, 42 picking up momentum. RSIOMA below 50. green sto below 20 (SHORT)
1h. RSIOMA still showing short. Sto 8 rubber band coming back. (SHORT)
1h RSIOMA below 20, full ADX power short. green sto below 20. (SHORT).

Thank you.
Attached Image (click to enlarge)
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  • #13,512
  • Aug 10, 2015 5:29am Aug 10, 2015 5:29am
Morning Alien apprentices,

Its a new week. I've just gone short on cable with a TP of 1.535

I'm also watching for a buy on USDCAD but I'm seeing divergence on the D1 despite it giving off signals.

GPBAUD & GBPCAD also looking good for a long term buy soon (sometime this week) so keep an eye on the retracements.

Some others are out there as well... NZDUSD but not as strong.
I'd love to post some charts but the new browser with Windows 10 is dog shit and it won't let me do it. I'm now off to re-download firefox.
Cheers
  • #13,513
  • Aug 10, 2015 6:19am Aug 10, 2015 6:19am
Quoting anima999
Morning Alien apprentices, Its a new week. I've just gone short on cable with a TP of 1.535 I'm also watching for a buy on USDCAD but I'm seeing divergence on the D1 despite it giving off signals. GPBAUD & GBPCAD also looking good for a long term buy soon (sometime this week) so keep an eye on the retracements. Some others are out there as well... NZDUSD but not as strong. I'd love to post some charts but the new browser with Windows 10 is dog shit and it won't let me do it. I'm now off to re-download firefox. Cheers
Typical, cable has moved against me. Holding in for now, see where NY will take it.
  • #13,514
  • Aug 10, 2015 7:45am Aug 10, 2015 7:45am
Sorry I didn't have the time to let everyone know I was bugging out for a vacation last week........................I have returned .................
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The More You Learn, The More You Earn.....
  • #13,515
  • Aug 10, 2015 8:29am Aug 10, 2015 8:29am
EURCHF at interesting level

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  • #13,516
  • Aug 10, 2015 9:28am Aug 10, 2015 9:28am
i want to learn how to use allien trading system on 1 min and 5 min charts.....senior members please help.....
  • #13,517
  • Aug 10, 2015 9:33am Aug 10, 2015 9:33am
Quoting forexalien
Sorry I didn't have the time to let everyone know I was bugging out for a vacation last week........................I have returned ................. {image} {image}
Was missing you...
  • #13,518
  • Aug 10, 2015 9:44am Aug 10, 2015 9:44am
Quoting Kammgcni
i want to learn how to use allien trading system on 1 min and 5 min charts.....senior members please help.....
You have everything explained in the thread ... Read it carefully from page #1 ... This will be a long reading but will worth your time ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #13,519
  • Aug 10, 2015 1:44pm Aug 10, 2015 1:44pm
Quoting awcharts
From D1. ADX loosing power for 7, 21 and 42 but 89 and 144 still long at this point. 4h. ADX 7, 21, 42 picking up momentum. RSIOMA below 50. green sto below 20 (SHORT)
From the speeds we lost on daily tf we gained them on H4,great!
Since we still have 89 and 144 daily adx with us and RSIOMA above 80 lv,the trend still not over.
We have BBS on daily tf,this is a clue to look on lower tfs where might be heading (direction of RSIOMA and 21 sto plus a bonus if divergence is there)
I would close shorts positions and look for the main trend setups.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDmicroDaily.png Size: 69 KB
Work smarter,not harder
  • #13,520
  • Aug 10, 2015 1:50pm Aug 10, 2015 1:50pm
Quoting forexalien
Sorry I didn't have the time to let everyone know I was bugging out for a vacation last week........................I have returned ................. {image} {image}
Only 1 week? You have more than 3000 years old and you only rest 1 week?
And i thought that only humans suffered slavery. Poor Alien.
Work smarter,not harder
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