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Alien's Extraterrestrial Visual Systems

  • #14,961
  • Jan 29, 2016 1:12pm Jan 29, 2016 1:12pm
Quoting ebitalebi
I want to share a secret weapon with you! Do you remember what Alien said about entering at the right moment when all the long, medium, and short waves line up and move in the same direction? http://www.forexfactory.com/showthre...17#post7170217 Also do you remember he showed us an example of very low risk trade? http://www.forexfactory.com/showthre...37#post7273137 Now here you are. You can easily find these setups and also back test this entry rule with a little trick. Instead of looking multiple...
Just to say THANK YOU!!!!! You rock. I have re-calibrated the RSIOMA in the 30m TF. Plus my stock x crosses.....unstoppable. Thanks
Al.
My help is in the name of the Lord who made heaven and earth.
  • #14,962
  • Jan 29, 2016 10:07pm Jan 29, 2016 10:07pm
Yes sir, Ebitalebi. Your secret weapon is indeed helpful. Here is how I use it.

Starting with 30 m chart. Notice the numbers 1-8. These are possible entry points. I check the following:
-find out where the megenta and red RSIOMA are located. here they are below 50 and sloping down. Looking for shorts.
-blue rsioma must be pointing down and DS going in the same direction (this is a little difficult in entry 1 because when both pointed down, PA has already made its move. so I either go down to the lower time frame or wait for the next sto 8 peak coming back down).
-sto 100 crossed below 50 after entry 1, gives me more confidence with the short position
-PA is below the three Moving averages or showing that it cant break above it.

When yo reference h1 chart, notice that entry 3 and 6; sto 8 is already in progress on the way down. this gives me more confidence on my entry from M30 chart. Hope I explained this clear enough.
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  • #14,963
  • Jan 30, 2016 8:00pm Jan 30, 2016 8:00pm
Hi, examles Alien paterns
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  • #14,964
  • Jan 31, 2016 11:58am Jan 31, 2016 11:58am
Hi Bentleyman,
Thank you for your great post. I have a lot of questions about the Alien system after I have learned it for several months. Hope someone here can help me.
1) how to determine the higher timeframe trend?
For example, in the picture, should we use RSIOMA > 80 in H1 timeframe as uptrend filter and RSIOMA <20 as downtrend filter?

In the picture, the first trade A+++ is short, but the red moving average line is still up. For the third trade, which is A+++ short, the red moving average is still up. Maybe someone would say that the moving average line lags seriously. But RSIOMA lags too although it lags less than EMA. The same dilemma will exist with RSIOMA too. That is, if you follow the higher time frame trend to trade in the lower time frame, you will miss some trades.
So do we use trend following strategy or not? If yes, which indicator is best for predicting higher timeframe trend?

2) how to avoid choppy area?
For example, in the picture, at the time 29 Jan 21:30, there is a DS cross and sto8 and sto21 go up with sto100 down, can we go long there?
How to avoid the long trade at the choppy area?

In the A+++ short trade around 29 Jan 07:30, sto 8 and sto 100 go down with sto 21 up and DS cross. But it is a successful short trade.

At the 29 Jan 23:30, if there come a DS short and X-Cross short, is it possible that it would be a choppy market? If all the three come together, DS short, X-cross short, and choppy area, how can we filter out the trade?

3) when to follow higher timeframe trend and when not to follow higher timeframe trend?
Alien's hook is a reversal pattern which requires traders to respond quickly without considering higher timeframe trend.
Divergence can make false signals. How can we efficiently combine divergence, Alien's hook, and other indicators together to predict reversal.

4) when to use ADX and Squeeze to filter out choppy area and when not to consider ADX and Squeeze signals?
If we use ADX, should we wait for all five ADXs power up or just ADX 7 and ADX14?
If we use Squeeze, we will not wait for its signal to become green, will we?

Thank you very much.

Quoting Bentleyman
Hi, examles Alien paterns {image}
  • #14,965
  • Jan 31, 2016 3:09pm Jan 31, 2016 3:09pm
Quoting jpadvisor
Oil H1 - Update. Is this ABC correction complete or wave C is still in subwave 3 (extension) ? I'm sideways. {image}
Hello Jpadvisor!
Can you please share stohastic multiframe indicator?
If I sound silly, please excuse!
Best regards!
  • #14,966
  • Edited 3:55pm Jan 31, 2016 3:21pm | Edited 3:55pm
Hi,Microsat.
The image is as a visual example only for M15!!!

My business hours are from 09:45 to 23:00. The first store, therefore don't deal, because I sleep. The second and third I traded post 14.933 page 747. The third and fifth I traded.

21:30 is the end of the week traders collected profits and so is the DS cross get dangerous. I prefer the faster profits therefore prefer the M5/M15/H1 and less SL example to post 14.781 strana740.

The higher the TF SL, or higher is required smaller positions. Important is the SL and the Exit.

Possible exits for me on the M15:
1.Stoch 8.3.3 = 0/100
2.DS cross
3.Pivot
4.EMA160
5.3 Stoch 0/100
After three candles closing 1/2 trade and I to BE. Other exits are a bonus.

B.
  • #14,967
  • Jan 31, 2016 3:27pm Jan 31, 2016 3:27pm
Quoting ebitalebi
{quote} First of all it is not my system. It is Alien's system. I'm just using it. Now your questions: 1. A good retracement usually should move below 50 then comes back. but I prefer anything between 60-40. Remember that Rsioma is after all like RSI oscillator and anything above 50 is still in the bulls zone and is not a perfect sign of an oversold area. 2. If all higher time frames are above 80 the signal is more valid unless it is given at the final stages of wave 5. But let me explain a bitter reality fact. 1- Entering early with less than optimal...

Thank you for feeding little Aliens, very usefull post and remark to Guru post.
  • #14,968
  • Jan 31, 2016 3:40pm Jan 31, 2016 3:40pm
Quoting jpadvisor
{quote} Gold update H4 - I think the first hook that I called wasn't true. The one that made a higher H. in price is the second. 8,3,3 was unable to top again (exhaustion) and then price went down. The pattern needs still to be ruled. {image}
Hello Jpadvisor again!
How you think, in wich timeframe Aliens hook works the best? Maybe H4 is far to big for this?
And second - it is possible to learn more for earn more and feed family with trading as main job? I now, that learning and practice will take 1-2 years. I read a lot of stuff, about psihology, trading in zone, turtle way and so on. But main question stays - do retail trader can become rich? Or brokers, dealing desks will hold all earnings, return initial deposits and close accounts?
Sorry for questions, but I see you as best Alien pupil who are still in this tread.
Best regards
  • #14,969
  • Jan 31, 2016 5:20pm Jan 31, 2016 5:20pm
Should be this week or the next one where retracement on EUR/NZD ends on daily chart.
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Work smarter,not harder
  • #14,970
  • Feb 1, 2016 3:59am Feb 1, 2016 3:59am
Quoting todamoon
{quote} Hello Jpadvisor! Can you please share stohastic multiframe indicator? If I sound silly, please excuse! Best regards!
Hi Todamon,
you can find the Stochastic DB in the attachments by clicking in the upper right corner of the thread. The name is "A Stoch. DB V1.02" and was kindly provided by Emonts.
Per aspera ad astra
  • #14,971
  • Feb 1, 2016 4:01am Feb 1, 2016 4:01am
USD/CHF an early buy signal. you can take it now or wait for a possible 3rd wave when 15M Rsioma is above 50.
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  • #14,972
  • Feb 1, 2016 4:24am Feb 1, 2016 4:24am
Quoting todamoon
{quote} Hello Jpadvisor again! How you think, in wich timeframe Aliens hook works the best? Maybe H4 is far to big for this? And second - it is possible to learn more for earn more and feed family with trading as main job? I now, that learning and practice will take 1-2 years. I read a lot of stuff, about psihology, trading in zone, turtle way and so on. But main question stays - do retail trader can become rich? Or brokers, dealing desks will hold all earnings, return initial deposits and close accounts? Sorry for questions, but I see you as best...
@ Todamon,
The Alien's hook pattern is still under elaboration. Master Alien used it as a sign to exit from a position because it is a sign of exhaustion of a trend.
I think for this reason it could also be a sign of reversal in this system that is basically a trend following system. But we need to analyze it at best.
Actually it seems best working on H1 with instruments (like Oil) that have sudden movements.
As for your second question I can tell you the Alien's saying "the more you learn the more you earn".
Learning never ends in trading. Only 5% have enough patience, passion, discipline and consistency to succeed. It takes many years like learning any other work and has to be treated as a real work with full concentration and determination. So continue you readings and practice on demo first for at least 6 months.
A good reading that I can suggest is to read this thread from the beginning and to reread it. Cheers and G.L.
Per aspera ad astra
  • #14,973
  • Feb 1, 2016 5:00am Feb 1, 2016 5:00am
NZD/USD sell signal. waiting for it to break last Friday's low.
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  • #14,974
  • Feb 1, 2016 7:16am Feb 1, 2016 7:16am
EJ H1

We have a seperation between RSIOMA and DDS, ADXes all powered up. Green Stoch is going long, 8,3,3 is topping.

H4 RSIOMA and Green/100 Stochs are topping. 8,3,3 will travel a bit longer in uptrend.
D1: 8,3,3 is topping.

We shall see how much longer will it go.

Edit: I'm in it, yet keeping the SL quite tight.
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  • #14,975
  • Feb 1, 2016 9:00am Feb 1, 2016 9:00am
Quoting ebitalebi
USD/CHF an early buy signal. you can take it now or wait for a possible 3rd wave when 15M Rsioma is above 50. {image}
Please take a look. USDCHF buy?

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  • #14,976
  • Feb 1, 2016 11:12am Feb 1, 2016 11:12am
Quoting dadadada
{quote} Please take a look. USDCHF buy? {image}
Nice question.In this example everything is good for a buy except m15. If you look at the chart that I posted before, M15 Rsioma was still below 50 line. that's why I called it an early buy signal. But after that m5 and m1 failed to continue rising so M15 couldn't cross the 50 line. So the signal was rejected. You should look at every possible signal and wait for the right moment. thanks to Alien's tools you can detect wrong signals most of the time. http://www.forexfactory.com/showthre...37#post7273137
  • #14,977
  • Feb 1, 2016 4:40pm Feb 1, 2016 4:40pm
Quoting microsat
Hi Bentleyman, Thank you for your great post. I have a lot of questions about the Alien system after I have learned it for several months. Hope someone here can help me. 1) how to determine the higher timeframe trend? For example, in the picture, should we use RSIOMA > 80 in H1 timeframe as uptrend filter and RSIOMA <20 as downtrend filter? In the picture, the first trade A+++ is short, but the red moving average line is still up. For the third trade, which is A+++ short, the red moving average is still up. Maybe someone would say that the moving...
"how to determine the higher timeframe trend? For example, in the picture, should we use RSIOMA > 80 in H1 timeframe as uptrend filter and RSIOMA <20 as downtrend filter?"
Yes.

"If you follow the higher time frame trend to trade in the lower time frame, you will miss some trades."
Sometimes,but also you will avoid weak signals.

"Which indicator is best for predicting higher timeframe trend?"
In my humble opinion is RSIOMA.

"How to avoid choppy area?"
You can avoid to enter on a choppy area but you can't avoid to enter on the start of one.
RSIOMA and stos around 50 lv is a clue to stay away.

"If there come a DS short and X-Cross short, is it possible that it would be a choppy market? If all the three come together, DS short, X-cross short, and choppy area, how can we filter out the trade?"
We don't know if it will be a choppy market and there's no way to filter this at the beginning but ADX should be compressing when this happens. Also look for strong resistance/support areas before entering a trade,PA drives up/down a lot in these areas before a clear move occurs.

"When to follow higher timeframe trend and when not to follow higher timeframe trend?"
I always follow higher timeframes and should you too. A better understanding of the basics of Elliott Wave Principle should be the priority to everybody that wants to trade with this system.

"Alien's hook is a reversal pattern which requires traders to respond quickly without considering higher timeframe trend.
Divergence can make false signals. How can we efficiently combine divergence, Alien's hook, and other indicators together to predict reversal."
Alien's hook is a awesome approach to take when stos are topping/bottoming plus divergences showing up.
Divergences can make false signals,it's true. That's why we follow lower tf to see if ADX powers up for that move.
The bigger the timeframe,the more reliable is the divergence.

"If we use ADX, should we wait for all five ADXs power up or just ADX 7 and ADX14?
If we use Squeeze, we will not wait for its signal to become green, will we?"
We wait for ALL FIVE ADXs to power up before taking a trade. ADX14 did you mean ADX21?
When i see a squeeze i wait for adx power on lower tf to take a trade,if such thing doesn't happen no harm done.
Work smarter,not harder
  • #14,978
  • Feb 1, 2016 10:33pm Feb 1, 2016 10:33pm
Quoting marcof91
{quote} "how to determine the higher timeframe trend? For example, in the picture, should we use RSIOMA > 80 in H1 timeframe as uptrend filter and RSIOMA <20 as downtrend filter?" Yes. "If you follow the higher time frame trend to trade in the lower time frame, you will miss some trades." Sometimes,but also you will avoid weak signals. "Which indicator is best for predicting higher timeframe trend?" In my humble opinion is RSIOMA. "How to avoid choppy area?" You can avoid to enter on a choppy area but you can't avoid to enter on the start of one....

Thanks for your nice explanation .... please post GPBNZD Top Down analysis for our study purpose ( IF you have little time ) please ..
Don't Predict Just React..
  • #14,979
  • Feb 2, 2016 2:56am Feb 2, 2016 2:56am
Quoting emonts
Hi all, I made an update of the RsiOma_DB. I added the M5 RsiOmo crossing the 80 level upwards or the 20 level downwards. In total 5 parameters are added to the DB: Calculation will be done every M5 bar M5_RsiOma_Crossing_Enabled = true/false, enable or disable the function. b80Level = true/false, if true, the M15, H1 and H4 values must be above 80 level and the M5 value must crossing 80 level. if false, the M15, H1 and H4 value must be above 50 level and all three must be ascending M5 still the same NbrOfBarsForCrossing = If this parameters has...
Hi

I am finding the Db very helpful in scanning which pairs are setting up, I have setup a "panel per pair" I follow (see picture) and it combines for me the many great comments and approaches by others. This keeps it totally Alien, very visual.

Would it be possible to create the BBSqueeze in exactly the same format as the RSIOMA Db, so it can be as compact and window selectable. The coloured squares would be the squeeze/no squeeze logic of the standard indicator we all use. If arrows are possible to show the signal is strengthening/weakening based on the previous squeeze signal/update that in a Db would give us the heads up for a breakout. I understand we can keep scrolling through charts but this would offer a quick visual read of MTF context, status and change for our respective pairs. As I get towards where Marco and others are regarding remote use (VPS etc), the hand held device is an issue with screen size and scrolling, wheres this panel view would contain the "headlines" for each instrument at a glance

I'm not a programmer, I dabble to move things around windows and simple visual things but this is way beyond my skills at this time, maybe one day LOL

Its just an idea that streamlines things again but keeps true the Alien methodology which is amazing and a credit to our Master

Kind regards

The top yellow arrows show the 8/21 sto cross for the next higher TF, in this case M15, I have the next TF also configured with this cja provided coloured sto indicator, when you get an M5 8/21 cross with the two higher crosses, it helps trade with the flow and catch the start of the wave 3 on M5.

The other indies are all covered in the recent pages of the thread, all I have done is edited the window setting so it shows in the sub windows

My colour scheme is standard for everything i do, M5=Lime, M15 =Yellow, H1=Aqua, H4 =Red, D1=HotPink, W1=DarkOrchid, Mn=Bisque. This enables me to understand quicker how the TF's are interacting
Attached Image
  • #14,980
  • Feb 2, 2016 7:31am Feb 2, 2016 7:31am
Quoting marcof91
{quote} "You can avoid to enter on a choppy area but you can't avoid to enter on the start of one.
RSIOMA and stos around 50 lv is a clue to stay away.
Fantastic answers. Brief and to the point.
Also by studying different pairs you can find out on which sessions and days of the week they are more likely ranging. for example EUR/GBP becomes choppy most of the time between end of the New York session and Frankfurt open. That is why London session and its overlapping period with New York session is so important.
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