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  • #13,821
  • Sep 16, 2015 5:34am Sep 16, 2015 5:34am
Sometimes its essential to go back to the beginning of the thread IMHO.... Suprising how much you forget / bad habits you pick up....and things you even might of dismissed....Had a bad day yesterday....Mainly due to lack of patience...Made it up today though so its all good.....

Has anyone had experience of compounding trades - Ive seen people use EA's like snowball EA etc to set pending orders that get triggered as trend gears up ....
Looks kinda dangerous to me but interested if any of you have used it - Seen Alien have a load of micros doing this ....and Marco......
  • #13,822
  • Edited 8:03am Sep 16, 2015 5:40am | Edited 8:03am
Also anyone getting in on GBPCHF or waiting to see where the BBSQUEEZE goes on daily....Edit ....Thankyou stoploss $9.13 every little helps..
  • #13,823
  • Sep 16, 2015 11:01am Sep 16, 2015 11:01am
Quoting johnstockel
Hello Masters, I am holding one sell position from yesterday. Just want to know how to identify the trend is changing. I could see ADX 89 and 144 are packed up fully. So when ADX 89 and 144 compressed, is that mean the trend is changing. Could you please confirm. Thanks in advance. {image} {image} {image}
Hi Alien's fellow,
according to Alien's rules, exit from a winning trade is when ADX 89 and 144 of the TF you entered turn down. You can find a lot of Master's examples if you read the thread from the beginning.
As far as oil is concerned I think it tends to be very technical and mostly respects demand /supply zones. Once it moves, it moves and you better hang on to your pants.
Use small lot size to avoid to be eaten alive if the trade goes against you.
I suggest you to insert a support resistence indi to point your levels for SL and TP like "II_SupDem MOD".
Cheers
Per aspera ad astra
  • #13,824
  • Sep 16, 2015 12:40pm Sep 16, 2015 12:40pm
OIL 1H.
Today I missed this XCross trade long on Oil.
Attached Image (click to enlarge)
Click to Enlarge Name: CL-OCT15.H1.png Size: 136 KB
Per aspera ad astra
  • #13,825
  • Sep 16, 2015 12:56pm Sep 16, 2015 12:56pm
jpadvisor,

What is your long term prediction on oil...?

I can see a possible bullish divergence forming on the Weekly TF...
I think over the next couple of weeks price will come back down to the low $40's (slingshot 8,3,3 on the weekly) and then take off north sometime in Oct forming the bullish divergence...

What is your analysis / opinion...?
  • #13,826
  • Sep 16, 2015 1:43pm Sep 16, 2015 1:43pm
Quoting Sparkoz
Sometimes its essential to go back to the beginning of the thread IMHO.... Suprising how much you forget / bad habits you pick up....and things you even might of dismissed....Had a bad day yesterday....Mainly due to lack of patience...Made it up today though so its all good..... Has anyone had experience of compounding trades - Ive seen people use EA's like snowball EA etc to set pending orders that get triggered as trend gears up .... Looks kinda dangerous to me but interested if any of you have used it - Seen Alien have a load of micros doing...
Look at my question posted at 25th of February to Alien:

Quoting marcof91
Alien,what is your long term outlook for Eur/Nzd? I'm planning to buy it because of the bullish divergence on monthly tf on stos and RSIOMA. BUT weekly adx has full power, so maybe will test the bottom or will not respect that divergence and continue lower? What's your advice?
And now look at the answer of the master:

Quoting forexalien
{quote} ... So I would wait for the 8,3,3 on the M5 to rubber band to the bottom and take a long from there, and monitor the trade, start small and add to it when trade is moving your direction. 1.4965 area is a floor for now...........
I was planning anyway to buy EN but since Alien was online i asked his opinion. At that time PA was at 1.4965,it came down to 1.3879 and then suddenly reversed.
I forgot to trade this pair but catched the move around 1.44 and now we are at 1.77 (3300 pips higher).
Higher tfs don't lie. If you see a divergence there,plan your trades for that direction.
Use small lots and you will see that your fear is not there because it won't hurt your account.
Work smarter,not harder
  • #13,827
  • Sep 16, 2015 1:55pm Sep 16, 2015 1:55pm
Quoting Sparkoz
Also anyone getting in on GBPCHF or waiting to see where the BBSQUEEZE goes on daily....Edit ....Thankyou stoploss $9.13 every little helps..
BBS on monthly,daily and h4 tf
Seems like a slingshot long on weekly tf with 89 and 144 adx powered on.
Daily looks like a X cross long.
H4 tf has DS cross,100 sto above 50 lv and PA above cloud so is still bullish
H1 was in BBS and then a bullish divergence showed up and PA exploded to north.
IMHO the BBS on daily should break with PA going long.
Let's see...
Work smarter,not harder
  • #13,828
  • Sep 16, 2015 2:00pm Sep 16, 2015 2:00pm
Quoting Goinpokin
jpadvisor, What is your long term prediction on oil...? I can see a possible bullish divergence forming on the Weekly TF... I think over the next couple of weeks price will come back down to the low $40's (slingshot 8,3,3 on the weekly) and then take off north sometime in Oct forming the bullish divergence... What is your analysis / opinion...?

Quoting marcof91
No shorts this time for oil. Bullish divergences everywhere at the end of 5th wave. Also we have a turning point right here (around February 2009) looking at monthly tf. {image}
Work smarter,not harder
  • #13,829
  • Sep 16, 2015 6:39pm Sep 16, 2015 6:39pm
DS setup on GBP/JPY M15 w/ the higher tf's confirming.
I'm a little nervous about the ADX on the M15 since it looks mixed and also the 8,3,3 is topping...

Oh well trade entered @ 186.92

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 104 KB
  • #13,830
  • Sep 16, 2015 11:25pm Sep 16, 2015 11:25pm
Quoting jpadvisor
{quote} Hi Alien's fellow, according to Alien's rules, exit from a winning trade is when ADX 89 and 144 of the TF you entered turn down. You can find a lot of Master's examples if you read the thread from the beginning. As far as oil is concerned I think it tends to be very technical and mostly respects demand /supply zones. Once it moves, it moves and you better hang on to your pants. Use small lot size to avoid to be eaten alive if the trade goes against you. I suggest you to insert a support resistence indi to point your levels for SL and TP...
Thank you very much. Sure will go with small lots. Could you please share an example for ADX 89 144 ON / OFF with screenshots.
  • #13,831
  • Sep 16, 2015 11:59pm Sep 16, 2015 11:59pm
Hello Masters,

Could someone please check the attached chart and see if my understanding is correct regarding ADX. I am mainly concentrating on 89,144.
Attached chart is GOLD daily chart, price had started falling from 1182. In this situation all the adx are started moving up. Stochastic and riosma are below 50.So it confirms the price in the right direction. But after sometime the price started moving in opposite direction(BUY).
Blue,red,black stochastic have stated falling but 89 and 144 are going in the same direction. So my understanding is still we are continuing in the sell position. Is my understanding correct. Please correct me if am wrong.

Thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB
  • #13,832
  • Sep 17, 2015 8:11am Sep 17, 2015 8:11am
Quoting marcof91
{quote} BBS on monthly,daily and h4 tf Seems like a slingshot long on weekly tf with 89 and 144 adx powered on. Daily looks like a X cross long. H4 tf has DS cross,100 sto above 50 lv and PA above cloud so is still bullish H1 was in BBS and then a bullish divergence showed up and PA exploded to north. IMHO the BBS on daily should break with PA going long. Let's see...

Hi Marco,

Sorry to ask... what "IMHO" stands for?

Tks
  • #13,833
  • Sep 17, 2015 9:11am Sep 17, 2015 9:11am
In My Honest Opinion....IMHO
  • #13,834
  • Sep 17, 2015 9:18am Sep 17, 2015 9:18am
Quoting Idris.Brazil
{quote} Hi Marco, Sorry to ask... what "IMHO" stands for? Tks
In My Humble Opinion.
  • #13,835
  • Sep 17, 2015 9:33am Sep 17, 2015 9:33am
Silver, Maybe a very good chance for a long term position long....
Weekly nearing a bottom
More importantly, montly is bottoming, so even it drops, it doesn't have too much space for dropping.
Daily, the stos would be very possible to have a cross long.
4H is long...

So similarly, I do think it would be a very good chance to long Gold for a long term position.

What do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: silver.JPG Size: 686 KB
  • #13,836
  • Sep 17, 2015 10:02am Sep 17, 2015 10:02am
Quoting jpadvisor
{quote} Hi Alien's fellow, according to Alien's rules, exit from a winning trade is when ADX 89 and 144 of the TF you entered turn down. You can find a lot of Master's examples if you read the thread from the beginning. As far as oil is concerned I think it tends to be very technical and mostly respects demand /supply zones. Once it moves, it moves and you better hang on to your pants. Use small lot size to avoid to be eaten alive if the trade goes against you. I suggest you to insert a support resistence indi to point...
Per aspera ad astra
  • #13,837
  • Edited 10:25am Sep 17, 2015 10:04am | Edited 10:25am
Quoting Goinpokin
jpadvisor, What is your long term prediction on oil...? I can see a possible bullish divergence forming on the Weekly TF... I think over the next couple of weeks price will come back down to the low $40's (slingshot 8,3,3 on the weekly) and then take off north sometime in Oct forming the bullish divergence... What is your analysis / opinion...?
Hi,
My long term view is bullish too.

ps: .... but I don't trade the long term as I hate swaps.
Per aspera ad astra
  • #13,838
  • Sep 17, 2015 10:52am Sep 17, 2015 10:52am
Quoting Sparkoz
In My Honest Opinion....IMHO
Got it... Tks Sparkoz.
  • #13,839
  • Sep 17, 2015 10:54am Sep 17, 2015 10:54am
Quoting ShepherdL
{quote} In My Humble Opinion.
Got it... Tks you too ShepherdL.
  • #13,840
  • Sep 17, 2015 12:53pm Sep 17, 2015 12:53pm
FED NEWS - anyone gonna trust the Alien indis .... or pounce ?
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