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  • #13,541
  • Aug 11, 2015 9:46pm Aug 11, 2015 9:46pm
Quoting jmn5611
{quote} Certainly. Let use this as a teaching moment. Can you tell us what the triggers are for following the Alien systems? Secondly, can you tell us when it is appropriate to go long based on what you know about this system? If you are unclear about either of these, we will be happy to help you further.

Can you tell us what the triggers are for following the Alien systems?
1. Greeb Stochastic.
2. ADX
Secondly, can you tell us when it is appropriate to go long based on what you know about this system?
Not Sure.
  • #13,542
  • Aug 11, 2015 9:52pm Aug 11, 2015 9:52pm
Quoting johnstockel
{quote} Can you tell us what the triggers are for following the Alien systems? 1. Greeb Stochastic. 2. ADX Secondly, can you tell us when it is appropriate to go long based on what you know about this system? Not Sure.
Start from MN and go all the way down to your trading TF, check your ADX, who is in control?
If you are good at something, never do it for free--Joker
  • #13,543
  • Aug 11, 2015 10:06pm Aug 11, 2015 10:06pm
Quoting jmn5611
{quote} Start from MN and go all the way down to your trading TF, check your ADX, who is in control?
I hope, bears in control. I am new to this system, can you help me.
  • #13,544
  • Aug 11, 2015 10:14pm Aug 11, 2015 10:14pm
Whats will be the impact when ADX 89 and 144 are rising. Will it go along with the trend. What is the impact when the gap between both the ADX are increasing/decreasing. Could some pls tell.
  • #13,545
  • Aug 11, 2015 10:15pm Aug 11, 2015 10:15pm
Quoting johnstockel
{quote} I hope, bears in control. I am new to this system, can you help me.
Of course, we are family in this thread. If the bears are in control, should you be going long?
If you are good at something, never do it for free--Joker
  • #13,546
  • Aug 11, 2015 10:17pm Aug 11, 2015 10:17pm
Quoting johnstockel
Whats will be the impact when ADX 89 and 144 are rising. Will it go along with the trend. What is the impact when the gap between both the ADX are increasing/decreasing. Could some pls tell.
If the 89 and 144 are not in the direction of your trade, then you don't have a way to get out by this system. If you have no way out, why would you get in?
If you are good at something, never do it for free--Joker
  • #13,547
  • Aug 11, 2015 10:22pm Aug 11, 2015 10:22pm
Quoting jmn5611
{quote} Of course, we are family in this thread. If the bears are in control, should you be going long?

No. Thanks for making me part of this family. So how to identify when the market is going to change.
  • #13,548
  • Aug 11, 2015 10:23pm Aug 11, 2015 10:23pm
Quoting jmn5611
{quote} If the 89 and 144 are not in the direction of your trade, then you don't have a way to get out by this system. If you have no way out, why would you get in?
I will close all my positions and wait for the direction. But I am facing in some problem in identifying the direction of market.
  • #13,549
  • Aug 11, 2015 10:37pm Aug 11, 2015 10:37pm
Quoting johnstockel
{quote} I will close all my positions and wait for the direction. But I am facing in some problem in identifying the direction of market.
Use the ADX. Use top down analysis. It will always tell you who in control.
If you are good at something, never do it for free--Joker
  • #13,550
  • Aug 12, 2015 2:41am Aug 12, 2015 2:41am
Quoting jmn5611
{quote} Greetings, first, I like your avatar. A clockwork orange? Either you are smart young man, or you are over 50. Gann said not to regard whether an instrument is at all time highs or lows. I know you can read the charts fine. So just follow those charts.
I'm 29 😉It was going well but woke up this morning to a bit of a sell off.
  • #13,551
  • Aug 12, 2015 2:46am Aug 12, 2015 2:46am
Quoting johnstockel
{quote} No. Thanks for making me part of this family. So how to identify when the market is going to change.
This system will not tell you when price is going to change direction. What it will tell you is what direction it is currently going, for how long it has it been going that way and how likely it is carry on going in that direction. Armed with this information you can then decide whether to jump in with the trend.If you want to know when trends change you can add in a bit of divergence analysis if you want.
  • #13,552
  • Aug 12, 2015 3:01am Aug 12, 2015 3:01am
Quoting johnstockel
{quote} I will close all my positions and wait for the direction. But I am facing in some problem in identifying the direction of market.
Hi its quiet easy refer to the RISOMA read the posts on the first 3 pages or so above 50 long below 50 short then MTF Analysis
  • #13,553
  • Aug 12, 2015 4:27am Aug 12, 2015 4:27am
Quoting johnstockel
{quote} I will close all my positions and wait for the direction. But I am facing in some problem in identifying the direction of market.
I understand the thread is huge and a lot of reading is required to get all the info. Click on the paperclip at the top right of the screen and look for some of the guides that people have written in the attachments.

Briefly:
Step one
Decide what context you will be trading. Are you looking for quick scalps lasting minutes to hours, intraday - open in the morning close in the afternoon, long term - days into weeks.
This will decide what timeframes you use- not a firm rule but as a guide:
Scalps 1M up to 1H
Intraday 15M up to 1D
Longer 1H up to 1W

Step two
Decide the trend in your context.
The RSIoma above 80 in all of your TFs = Look for buys
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 6 KB

The RSIoma below 20 in all of your TFs = Look for sells
Attached Image

The RSIoma is somewhere in the middle = Look for another pair to trade as the market is ranging.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 8 KB


80 and 20 are advisory levels, you can choose your own. Also if some of your TFs are not quite there but almost you can still go with it but with increased risk.

Step three
Decide the strength of the trend.
Look at the ADX window. ADX lines measure the strength of price movement. Regardless of whether the trend is a buy or sell, a strong trend will make ADX lines go up, weak trend makes them go down. Think of them like a power guage.
For a strong trend you want to see the ADX line fan out with good seperation. There is judgment game to be played here as you will rarely find the absolute perfect ADX fan.
Attached Image

The fast ADX (black in my window) will always be the first to react to price movement. It will also sometimes duck below the others but aslong as the slower ADX lines are pointing up then you should be fine - your own judgment comes in here.

Step four
Look for an entry
There are a number of different entry triggers in this system, you will find your favourite. Most people use a combination of different entries at the same time ie they have to have more than one signal, on different TFs before jumping in.
RSIoma crossing 80/20
Enter as the line crosses 80 or 20

DS Cross
The DS is the thin lines in the RSIoma window.
When price is trending in one direction the RSI line will be pinned up or down. As we know trends have to retrace/rest at some point and the market catches its breath. The DS lines show you when this is happening.
They will seperate from the main RSI line and track towards the other side of the window. What you are looking for is the point that they cross on the way back to the RSI line:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 16 KB

The deeper the cross the better the entry signal. ie RSI is above 80, DS crossing below 20 is a better signal than DS crossing at 50. Again your jugment comes in.

BBS squeeze
As price rests your will also get bolinger Band squeeze. We have an indicator for this in the RSIoma window - the red dots in the middle. You can also see the blue lines on your chart.
You are aiming to catch price as it pushes out of BBS as this can often be a big movement.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot6.png Size: 9 KB

Use one of the other entry triggers to decide when price is pushing out of BBS

ADX expansion
Same as step three above. It can also be used as an entry trigger.

Stochs
There are a number of ways to use these and I confess I am not an expert as I don't tend to use them for my entries.
Similiar to the ADX window there are different lines of different speeds. In my case the black line is the fastest. It follows price very closely, the others trail behind.
What you are looking for is lines crossing and the lines either pinned to the bottom or top. They are also a very good way of telling you when price is going to break from BBS.
I will leave it for someone else to explain with pictures. X-crosses and rubber bands.

Step Five
The exit.
Much like the entry there are a number of different ways the system tells you to exit.
ADX
As I said before the fast (black line) will go up and down quite a lot, as will some of the others. You are looking for the two slowest lines (Green and pink). When these turn down the trend has lost power and its time to exit.
In the example below you can see a very good expansion signifying a strong trend starting. I've circled the point at which the two slow lines turn down signifying the trend is over.
Attached Image

Again, judgment comes into this. If you are scalping and don't want any drawdown you may decide that your exit is when the second fastest line turns down....etc

RSIoma
If you have bought an uptrend and the RSI line dips below 80, or even 50 if you don't mind the drawdown then exit.

Other stuff
There are many many many other different things you can add in to the strategy. Here is a list of just a few:

  1. Divergence
  2. Elliott wave counts
  3. Support and resistance zones

There are many ways to make this system your own, combine different parts, ignore others. You may look at different signals on different TFs, ie BBS on 1H and ADX expansion on 15M... etc.
The key is to look at several TFs and look for more than one entry signal. The more the better....you decide the risk you are willing to take.

What I've written is not a replacement for what Alien and others wrote throughout the thread. There is much more to be learnt.

I hope that helps getting you started.

  • #13,554
  • Aug 12, 2015 4:34am Aug 12, 2015 4:34am
Quoting anima999
{quote} I understand the thread is huge and a lot of reading is required to get all the info. Click on the paperclip at the top right of the screen and look for some of the guides that people have written in the attachments. Briefly: Step one Decide what context you will be trading. Are you looking for quick scalps lasting minutes to hours, intraday - open in the morning close in the afternoon, long term - days into weeks. This will decide what timeframes you use- not a firm rule but as a guide: Scalps 1M up to 1H Intraday 15M up to 1D Longer 1H...
Just incase the veterans don't read the full post please can someone explain or link to a post with an explanation of stochs, X-crosses and rubber bands.

Cheers
  • #13,555
  • Aug 12, 2015 4:51am Aug 12, 2015 4:51am
Quoting anima999
{quote} I understand the thread is huge and a lot of reading is required to get all the info. Click on the paperclip at the top right of the screen and look for some of the guides that people have written in the attachments. Briefly: Step one Decide what context you will be trading. Are you looking for quick scalps lasting minutes to hours, intraday - open in the morning close in the afternoon, long term - days into weeks. This will decide what timeframes you use- not a firm rule but as a guide: Scalps 1M up to 1H Intraday 15M up to 1D Longer 1H...
Very nice summary of the whole Alien system. Very tidy
  • #13,556
  • Aug 12, 2015 5:04am Aug 12, 2015 5:04am
Quoting anima999
{quote} I understand the thread is huge and a lot of reading is required to get all the info. Click on the paperclip at the top right of the screen and look for some of the guides that people have written in the attachments. Briefly: Step one Decide what context you will be trading. Are you looking for quick scalps lasting minutes to hours, intraday - open in the morning close in the afternoon, long term - days into weeks. This will decide what timeframes you use- not a firm rule but as a guide: Scalps 1M up to 1H Intraday 15M up to 1D Longer 1H...
Great Stuff!!!
  • #13,557
  • Aug 12, 2015 5:22am Aug 12, 2015 5:22am
Quoting anima999
{quote} I understand the thread is huge and a lot of reading is required to get all the info. Click on the paperclip at the top right of the screen and look for some of the guides that people have written in the attachments. Briefly: Step one Decide what context you will be trading. Are you looking for quick scalps lasting minutes to hours, intraday - open in the morning close in the afternoon, long term - days into weeks. This will decide what timeframes you use- not a firm rule but as a guide: Scalps 1M up to 1H Intraday 15M up to 1D Longer 1H...

great post.
  • #13,558
  • Aug 12, 2015 6:24am Aug 12, 2015 6:24am
Quoting anima999
{quote} I understand the thread is huge and a lot of reading is required to get all the info. Click on the paperclip at the top right of the screen and look for some of the guides that people have written in the attachments. Briefly: Step one Decide what context you will be trading. Are you looking for quick scalps lasting minutes to hours, intraday - open in the morning close in the afternoon, long term - days into weeks. This will decide what timeframes you use- not a firm rule but as a guide: Scalps 1M up to 1H Intraday 15M up to 1D Longer 1H...
MT4/MT5 EAs/Indicators/Alerts coder
  • #13,559
  • Aug 12, 2015 7:05am Aug 12, 2015 7:05am
Quoting anima999
{quote} I understand the thread is huge and a lot of reading is required to get all the info. Click on the paperclip at the top right of the screen and look for some of the guides that people have written in the attachments. Briefly: Step one Decide what context you will be trading. Are you looking for quick scalps lasting minutes to hours, intraday - open in the morning close in the afternoon, long term - days into weeks. This will decide what timeframes you use- not a firm rule but as a guide: Scalps 1M up to 1H Intraday 15M up to 1D Longer 1H...

Thank you very much. Really appreciate your effort in replying to my post.
  • #13,560
  • Aug 12, 2015 7:14am Aug 12, 2015 7:14am
Quoting anima999
{quote} I understand the thread is huge and a lot of reading is required to get all the info. Click on the paperclip at the top right of the screen and look for some of the guides that people have written in the attachments. Briefly: Step one Decide what context you will be trading. Are you looking for quick scalps lasting minutes to hours, intraday - open in the morning close in the afternoon, long term - days into weeks. This will decide what timeframes you use- not a firm rule but as a guide: Scalps 1M up to 1H Intraday 15M up to 1D Longer 1H...
Couldn't have said any better. Congrats for the post!
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