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  • #14,381
  • Dec 23, 2015 4:44am Dec 23, 2015 4:44am
Quoting microsat
Hi jpadvisor, could you please tell us a little bit about the check markers in the stochastics panel? And what divergence indicator do you use in the chart window? Thanks. Mike. {quote}
Hi Microsat,
I think you referring to my Gold chart H4 I posted. The check markers on top of Stoc. 8,3,3 waves were set manually by me just to rinse and repeat the setups to trade.
As for the divergence indi I'm trying the setting of Stoc. divergence indi by FerruFx that you find in the attachments, but as you can see it draw divergencies not in the right way and cant manage its Stoch. lines to fit the Alien's parameters.
Per aspera ad astra
  • #14,382
  • Dec 23, 2015 4:59am Dec 23, 2015 4:59am
Quoting ebitalebi
This is how I find my setups maybe you can use the similar approach to find good setups. I only trade 18 pairs + gold and silver. so everyday I look at 20 charts. but I have a profile to arrange them for me to be easily interpreted. the profile is attached. as you can see I only look at Rsioma for finding setups. I am a day trader so most of the time I start with H4 and go down. If h4 is below 20 and sloping down or at least flat (not rising) it is a down trend signal for me. vice versa for up trends. then I go down to h1. if the Rsioma is below...
Thank you Ebitalebi for sharing you method and TPL. I think you can improve your results observing some other Aliens setups used in this thread , like the DS rubber band trades.
Per aspera ad astra
  • #14,383
  • Dec 23, 2015 5:04am Dec 23, 2015 5:04am
Hi Aliens,
today we have Crude Oil Inventories news. So it can be a good opportunity to trade and also watch what CAD pairs will do. Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura Crude Oil.PNG Size: 3 KB
Per aspera ad astra
  • #14,384
  • Dec 23, 2015 6:40am Dec 23, 2015 6:40am
Quoting jpadvisor
{quote} Thank you Ebitalebi for sharing you method and TPL. I think you can improve your results observing some other Aliens setups used in this thread , like the DS rubber band trades.
You're welcome. You are absolutely right. I am using rubber band trades but only in the direction of higher time frames and avoid it as a system on its own. for example today I am watching USD/JPY on H1 with a nice rubber band and Silver H1 with another rubber band (not very nice because the delayed stochastic pulled down the RSIOMA). I suggest watching these two for next hours. a good sell for USD/JPY and a buy opportunity for Silver may happen before London close.
  • #14,385
  • Dec 23, 2015 10:36am Dec 23, 2015 10:36am
waiting for CHF/JPY M5-M1 ADXs to enter.
  • #14,386
  • Dec 23, 2015 11:23am Dec 23, 2015 11:23am
I have a quick question. Should we wait for all ADXs (from 7 to 144) to expand for DS, X-Cross and other setups?
I have bad experiences with waiting for longer-period indicators signaling to enter because most of time when I enter at the starting of longer-period indicator's signal, the trend will immediately be gone, especially for the lagging indicators.
Has anyone here experienced such situation: when you see all ADXs expanding, and you enter a trader. Soon after that, you are stopped out.

I am asking this stupid question because I am wondering how ADX is different from other indicators and can avoid such dilemma. As we know, ADX is a lagging indicator too. So it should be possible that when you see ADX144 begins to expand following other ADXs expanding, the trend will soon be over.
  • #14,387
  • Dec 23, 2015 12:35pm Dec 23, 2015 12:35pm
Quoting microsat
I have a quick question. Should we wait for all ADXs (from 7 to 144) to expand for DS, X-Cross and other setups? I have bad experiences with waiting for longer-period indicators signaling to enter because most of time when I enter at the starting of longer-period indicator's signal, the trend will immediately be gone, especially for the lagging indicators. Has anyone here experienced such situation: when you see all ADXs expanding, and you enter a trader. Soon after that, you are stopped out. I am asking this stupid question because I am wondering...
I know what you mean. As you know ADX is an indicator that shows the strength of a trend. when you wait for all ADXs to go long you may be at the beginning of a move. now there are 2 scenarios here: 1-the price goes straight to the direction you want. 2- it retraces back. most of the time the latter happens. so what can be done?
OK here is the best part. as you may know price moves in waves. the first move which caused all ADXs to be long is wave 1. the second wave retraces back a little but normally longer time ADXs like 144 and 89 do not go down. so after the price retraces back a little it starts to go in the direction of the 1st wave. This is the 3rd wave or money wave. here you can see those short time ADXs that went down during the retrace start to go up again. now it is time to enter and place stop under or above the swing high or low caused by the 2nd wave.
  • #14,388
  • Dec 23, 2015 2:07pm Dec 23, 2015 2:07pm
Yes, that's the most difficult part.

Actually this situation is similar to two moving averages system. When both moving averages change directions, we wait for the smaller-period one to retrace back. But sometimes, the trend won't have retrace at all. So when does a trend reverse directly or it pullbacks first?

I understand that X-cross and DS is a pullback system. I am just wondering if we should apply pullback to the ADXs expansion rule.

If all ADXs changes from compression to expansion, should we wait for smaller-period ADX to retrace or we just setup our trade no matter whether it retraces or not?


Quoting ebitalebi
{quote} I know what you mean. As you know ADX is an indicator that shows the strength of a trend. when you wait for all ADXs to go long you may be at the beginning of a move. now there are 2 scenarios here: 1-the price goes straight to the direction you want. 2- it retraces back. most of the time the latter happens. so what can be done? OK here is the best part. as you may know price moves in waves. the first move which caused all ADXs to be long is wave 1. the second wave retraces back a little but normally longer time ADXs like 144 and 89 do not...
  • #14,389
  • Dec 23, 2015 2:14pm Dec 23, 2015 2:14pm
@ebitalebi

thank you for sharing how you apply the system, I will try out your ideas.
  • #14,390
  • Dec 23, 2015 3:06pm Dec 23, 2015 3:06pm
Quoting microsat
Yes, that's the most difficult part. Actually this situation is similar to two moving averages system. When both moving averages change directions, we wait for the smaller-period one to retrace back. But sometimes, the trend won't have retrace at all. So when does a trend reverse directly or it pullbacks first? I understand that X-cross and DS is a pullback system. I am just wondering if we should apply pullback to the ADXs expansion rule. If all ADXs changes from compression to expansion, should we wait for smaller-period ADX to retrace or we just...
I understand what you are going to achieve because I had the same questions first. The point you need to know is the RISK. I can say yes it is OK to enter when you see a good setup like X cross or DS without all ADXs confirmation but you risk something to gain something else. you risk the probability of finding a good trend in exchange of entering early, have a better price and a tighter stop loss. However I think all of these concerns related to fear. the fear of losing a nice trend once you think find one. don't worry a trend as its name indicate won't disappear suddenly. it always retraces back. (unless what you find is a sudden counter trend move). So if you look at the charts you see for example a move in USDCAD in m15 time frame is normally 60 pips. if you find one of these moves and switch back to M1 you can find areas that you can enter. I mean areas that m1 fast ADXs go down and the starts to power up again. These kinds of trades are very safe but of course you are a little bit late and lost some pips. The good point is in these scenarios you enter a moving train and the probability that it carries you further is high because it is moving! but when the train (ADX on higher time frames) does not move you cannot enter it and be sure that it goes anywhere.
Think about ADXs as the train speed and always try to enter when 2 higher time frame trains are moving.
  • #14,391
  • Dec 23, 2015 3:16pm Dec 23, 2015 3:16pm
Quoting Zimbinga
@ebitalebi thank you for sharing how you apply the system, I will try out your ideas.
You're welcome. We all should thank Alien who shared his brilliant ideas with us.
  • #14,392
  • Dec 23, 2015 8:10pm Dec 23, 2015 8:10pm
Long AU, going after 50 pips.
-rsioma was going down and stopped at 50 level and heading back up
-sto8 already high, sto 21 broke above 50
-full adx power
-h4 is long
Attached Image (click to enlarge)
Click to Enlarge Name: AU.PNG Size: 109 KB
  • #14,393
  • Dec 24, 2015 12:38am Dec 24, 2015 12:38am
Quoting awcharts
Long AU, going after 50 pips. -rsioma was going down and stopped at 50 level and heading back up -sto8 already high, sto 21 broke above 50 -full adx power -h4 is long {image}
Agreed and you have a Bullish Hidden Divergence on the 4hr TF AuCad is similar.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 55 KB
Click to Enlarge Name: AUDCADH4.png Size: 51 KB
My help is in the name of the Lord who made heaven and earth.
  • #14,394
  • Edited 8:36am Dec 24, 2015 7:36am | Edited 8:36am
Today these are in my watch list in the order of importance and probability of occurrence according to the quality of the setup:

1- Selling USDJPY after breaking the 120.23 support
2-Buying AUDUSD after breaking the important resistance 0.7280
3-Buying NZDUSD after breaking 0.6828 it can go to 0.6894 and higher

All of them are hot on H4 and H1( ADXs up, Rsiomas above/below 80/20). They need the confirmation on M15 and then finding the best entry point in M5 and/or M1.
  • #14,395
  • Dec 24, 2015 8:00am Dec 24, 2015 8:00am
Quoting ebitalebi
Today these are in my watch list in the order of importance and probability of occurrence according to the quality of the setup: 1- Selling USDJPY after breaking the 120.23 support 2-Buying AUDNZD after breaking the important resistance 0.7280 3-Buying NZDUSD after breaking 0.6828 it can go to 0.6894 and higher All of them are hot on H4 and H1( ADXs up, Rsiomas above/below 80/20). They need the confirmation on M15 and then finding the best entry point in M5 and/or M1.
LO close is another two hrs. away! Please give some example of the RSIOMA on all TF upto H4. AUDNZD .07280??

Best regards
  • #14,396
  • Dec 24, 2015 8:03am Dec 24, 2015 8:03am
if you are an aggressive type trader NOW is the time to sell USDJPY but I wait till it break the support level.
  • #14,397
  • Dec 24, 2015 8:16am Dec 24, 2015 8:16am
Quoting ebitalebi
if you are an aggressive type trader NOW is the time to sell USDJPY but I wait till it break the support level.
Thanks a lot. Mostly out there celebrating Christmas.

Best regards
  • #14,398
  • Dec 24, 2015 8:22am Dec 24, 2015 8:22am
Quoting dadadada
{quote} LO close is another two hrs. away! Please give some example of the RSIOMA on all TF upto H4. AUDNZD .07280?? Best regards
Here you are for USDJPY. H4 Rsioma is below 20 and sloping down and all ADXs long. On H1 Rsioma is below 20 and most ADXs are long. M15 is showing a nice divergence between Delay Sto and Rsioma also most ADXs long. M5 is falling very fast to the 20 line. As I write M1 is coming back to 20. BE ready. It may be a big move or it cannot break the support level. we will see.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 75 KB
  • #14,399
  • Dec 24, 2015 8:29am Dec 24, 2015 8:29am
Quoting ebitalebi
Today these are in my watch list in the order of importance and probability of occurrence according to the quality of the setup: 1- Selling USDJPY after breaking the 120.23 support 2-Buying AUDNZD after breaking the important resistance 0.7280 3-Buying NZDUSD after breaking 0.6828 it can go to 0.6894 and higher All of them are hot on H4 and H1( ADXs up, Rsiomas above/below 80/20). They need the confirmation on M15 and then finding the best entry point in M5 and/or M1.
Thanks again. Please clarify ADUNZD doesn't have 0.7280, instead it have 1.07280. Do you mean later?

Best regards
  • #14,400
  • Dec 24, 2015 8:30am Dec 24, 2015 8:30am
Quoting ebitalebi
{quote} Here you are for USDJPY. H4 Rsioma is below 20 and sloping down and all ADXs long. On H1 Rsioma is below 20 and most ADXs are long. M15 is showing a nice divergence between Delay Sto and Rsioma also most ADXs long. M5 is falling very fast to the 20 line. As I write M1 is coming back to 20. BE ready. It may be a big move or it cannot break the support level. we will see. {image}
Nice find. Amazing.
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