Alien's Extraterrestrial Visual Systems | Page 773 | Forex Factory

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Alien's Extraterrestrial Visual Systems

  • #15,441
  • Mar 2, 2016 2:01pm Mar 2, 2016 2:01pm
It seems that Alien's hook trading has been the hot issue recently. I just want to add some points that can dramatically increase your chance of success trading these setups. (assume you are looking at an uptrend)

1. Do not take hooks when price is making higher lows

2. Understand the head and shoulders pattern because some of the best hooks happen right on the head

3. Do not take hooks because they are hooks there must be some strong resistance preventing the price to go up always draw important horizontal support and resistance lines on your chart and get used to their presence because they save you and make you money

4. Draw trend lines and wait for the price to break it after the hook

5. Divergence between price and oscillators is a good sign of reversal but not every divergence is going to lead to a reversal nor every reversal happens after a divergence

6. Always look at how far the price has moved for that period of time for example if the average daily range is 150 pips and price has moved 140 pips and suddenly you see a nice hook you cannot expect the price to reverse suddenly specially when you are near the end of the most important sessions

7. Be realistic about your TP. Usually reversal patterns can move to fibbonacci extention 2 when you draw your fibbonacci extension from the top of the highest candle to the up trendline that is going to be broken

As I said before if you are not familiar with some of these concepts stop trading live. We Persians have a famous idiom which says "it is OK not to know something, But it is bad when you don't ask for help".
  • #15,442
  • Mar 2, 2016 3:25pm Mar 2, 2016 3:25pm
Quoting ebitalebi
It seems that Alien's hook trading has been the hot issue recently. I just want to add some points that can dramatically increase your chance of success trading these setups. (assume you are looking at an uptrend) 1. Do not take hooks when price is making higher lows 2. Understand the head and shoulders pattern because some of the best hooks happen right on the head 3. Do not take hooks because they are hooks there must be some strong resistance preventing the price to go up always draw important horizontal support and resistance lines on your chart...
Spot on!
And that quote is so truth...
Work smarter,not harder
  • #15,443
  • Mar 2, 2016 11:32pm Mar 2, 2016 11:32pm
Quoting ebitalebi
It seems that Alien's hook trading has been the hot issue recently. I just want to add some points that can dramatically increase your chance of success trading these setups. (assume you are looking at an uptrend) 1. Do not take hooks when price is making higher lows 2. Understand the head and shoulders pattern because some of the best hooks happen right on the head 3. Do not take hooks because they are hooks there must be some strong resistance preventing the price to go up always draw important horizontal support and resistance lines on your chart...
In the court of lord, only love and devotion is counted...
  • #15,444
  • Mar 3, 2016 3:27am Mar 3, 2016 3:27am
Hello again all friends!
I am so tired somtimes, I don't see light in the end of tunnel. Here is my trade, wich I take. Red arrows in first window, buy trade. What I do wrong, to early enter in market?
Attached Image (click to enlarge)
Click to Enlarge Name: gpb.JPG Size: 526 KB
  • #15,445
  • Mar 3, 2016 4:26am Mar 3, 2016 4:26am
Quoting todamoon
Hello again all friends! I am so tired somtimes, I don't see light in the end of tunnel. Here is my trade, wich I take. Red arrows in first window, buy trade. What I do wrong, to early enter in market? {image}

brother first of all use neat and tidy template... else ur eyes tired mislead u ... treat this as business... c the othe rmembers Template.. for a example marcof91,zokenho,Jpadvisor

y those guys have gud winning ratios ? these members have very clear template .. first follow one of them template... u will feel big difference .. DNT GET MISUNDERSTAND ME
  • #15,446
  • Mar 3, 2016 4:45am Mar 3, 2016 4:45am
Quoting todamoon
Hello again all friends! I am so tired somtimes, I don't see light in the end of tunnel. Here is my trade, wich I take. Red arrows in first window, buy trade. What I do wrong, to early enter in market? {image}
draw a vertical line in both 15 and 30 mint charts.. then u will see u was entered in the wrong place which was the stoc's located. watch the image bellow, there was not a sling too. dnt know y u enter there.... d1 have down ..i guess u was messed with this untidy template .. hope u are still demo.. so next time try with nice template
Attached Image
  • #15,447
  • Mar 3, 2016 5:18am Mar 3, 2016 5:18am
Quoting us fantasy
{quote} draw a vertical line in both 15 and 30 mint charts.. then u will see u was entered in the wrong place which was the stoc's located. watch the image bellow, there was not a sling too. dnt know y u enter there.... d1 have down ..i guess u was messed with this untidy template .. hope u are still demo.. so next time try with nice template {image}
Ok. I will work on template, but I better like dark background. I changed sto8 from blue to white and looked at 30min chart to. I didn't look at 30min chart earlier because Mr. Alien says that it is not necessary to look at 30min, if i remember correctly. But in this case 30min chart tells clearly - stay away.
Thank you us fantasy!
  • #15,448
  • Mar 3, 2016 5:24am Mar 3, 2016 5:24am
Quoting todamoon
{quote} Ok. I will work on template, but I better like dark background. I changed sto8 from blue to white and looked at 30min chart to. I didn't look at 30min chart earlier because Mr. Alien says that it is not necessary to look at 30min, if i remember correctly. But in this case 30min chart tells clearly - stay away. Thank you us fantasy!


i took au buy ..seems to be all lower time frame ride same direction ... let c
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 53 KB
  • #15,449
  • Mar 3, 2016 8:22am Mar 3, 2016 8:22am
Quoting jpadvisor
{quote} Try this one. {file}
Hi jpadvisor!
Can I ask a question? You attached this rsioma_nrp, but even with correct settings this rsioma is different from original rsioma.
Do you advise use this rsioma or better use old one?
Thanks in advance
  • #15,450
  • Mar 3, 2016 8:54am Mar 3, 2016 8:54am
Quoting todamoon
{quote} Hi jpadvisor! Can I ask a question? You attached this rsioma_nrp, but even with correct settings this rsioma is different from original rsioma. Do you advise use this rsioma or better use old one? Thanks in advance
Hi, At The time I uploaded that one someone was asking for a Rsioma indi that had different levels and customable.However that isn't The one we currently use. The right one is still Alien's.👽
Per aspera ad astra
  • #15,451
  • Mar 3, 2016 9:49am Mar 3, 2016 9:49am
Here is an example of an acceptable Alien's hook based on my experience. The most important factor in my opinion is resistance line because it is the cause of the move.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 109 KB
  • #15,452
  • Mar 3, 2016 11:18am Mar 3, 2016 11:18am
Quoting todamoon
Hello again all friends! I am so tired somtimes, I don't see light in the end of tunnel. Here is my trade, wich I take. Red arrows in first window, buy trade. What I do wrong, to early enter in market? {image}
Hello todamoon,

I would like to ask you few questions regarding trade

What was your thoughts behind this trade before entering?

What was your planned risk?

What was your planned tp?

You enter based on which timeframe?

This trade wasnt so bad (it wasnt perfect neither) in learning process those trades are normal...

What did you learn from it?

What do you think it was not correct after trade was over?

Will you go in similar trade next time?

Regards!
  • #15,453
  • Mar 3, 2016 11:23am Mar 3, 2016 11:23am
Quoting us fantasy
{quote} i took au buy ..seems to be all lower time frame ride same direction ... let c {image}
Hello Hasintha,

It was OK trade but you could enter earlier on better price...First DS on M15 was perfect around 7.300 which means 30 pips better entry...

Highest Regards!
  • #15,454
  • Mar 3, 2016 11:48am Mar 3, 2016 11:48am
Quoting ebitalebi
It seems that Alien's hook trading has been the hot issue recently. I just want to add some points that can dramatically increase your chance of success trading these setups. (assume you are looking at an uptrend) 1. Do not take hooks when price is making higher lows 2. Understand the head and shoulders pattern because some of the best hooks happen right on the head 3. Do not take hooks because they are hooks there must be some strong resistance preventing the price to go up always draw important horizontal support and resistance lines on your chart...
Your analysis is always worthy.
  • #15,455
  • Mar 3, 2016 11:51am Mar 3, 2016 11:51am
NJ H1 -
Took this trade yesterday.
I expected this to be a Ds trade.
Entered earlier than Ds Cross after Stoc. 8 went over 21 and exited today when Ds and Rsioma met.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY.H1.png Size: 118 KB
Per aspera ad astra
  • #15,456
  • Mar 3, 2016 12:08pm Mar 3, 2016 12:08pm
Quoting Zokynho
{quote} Hello todamoon, I would like to ask you few questions regarding trade What was your thoughts behind this trade before entering? What was your planned risk? What was your planned tp? You enter based on which timeframe? This trade wasnt so bad (it wasnt perfect neither) in learning process those trades are normal... What did you learn from it? What do you think it was not correct after trade was over? Will you go in similar trade next time? Regards!
Hi Zokynho!
Fair questions I think.
What was your thoughts behind this trade before entering?
I look at sto8 at 15m,1H, at 15m potential x-cros with sto21, at h1 all stoh was on top, at h4 sto8 toping, rest stoh going upward. Rsioma on15 was at 80, room enough.
What was your planned risk?
Risk initially was planned 30 pips, then I broke the law and move it to 50 or so pips.
What was your planned tp?
after 30 pips I was thinking to move SL to BE and then will look at m15 sto21 nad 100, when they move below 80 and if sto8 is in begining of wrong direction, then cancel trade.
You enter based on which timeframe?
on m15
This trade wasnt so bad (it wasnt perfect neither) in learning process those trades are normal...
What did you learn from it?
I changed a color scheme for sto8 foe better visibility, then in next time I will look at m30 chart too, never ever move SL (very hard), never leave trade unattended, if I was on pc all time, maybe I canceled this trade, when I saw broken sto8 travelling in one direction with sto21.
What do you think it was not correct after trade was over?
Because i lost!
Will you go in similar trade next time?
Yes, but I will remember lesson, wich I take. Two times, because when I was back on pc, I saw strong down movement and decide to take some Martingaile trade, I wanted revenage trade from market... And market hitted me again, very hard, because I was some kind of idiot I think (moved SL and so on) And in top of that I opened small real account today and lost it by 90% in 10 hours I think. I wrote down this because when you write and think about your mistakes it is a better chance to remember my stupid steps and avoid this next time.
Maybe another traders and masters can post they bad trades too and then we can analize this trades. Because when I see good trades, I can't get lesson from them, because they are perfect.
Stay green and keep learning!
  • #15,457
  • Mar 3, 2016 12:33pm Mar 3, 2016 12:33pm
Took today this trade with double x cross on 1 and 4 hours with 15min dds confirmation. i'm struggling with exit plan, can someone share some ideas where to exit? i often get my winning trades to reverse me or breakeven. thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 577 KB
  • #15,458
  • Mar 3, 2016 1:20pm Mar 3, 2016 1:20pm
Quoting jpadvisor
NJ H1 - Took this trade yesterday. I expected this to be a Ds trade. Entered earlier than Ds Cross after Stoc. 8 went over 21 and exited today when Ds and Rsioma met. {image}
Great trade Romualdo
  • #15,459
  • Mar 3, 2016 1:56pm Mar 3, 2016 1:56pm
Quoting todamoon
{quote} Hi Zokynho! Fair questions I think. What was your thoughts behind this trade before entering? I look at sto8 at 15m,1H, at 15m potential x-cros with sto21, at h1 all stoh was on top, at h4 sto8 toping, rest stoh going upward. Rsioma on15 was at 80, room enough. What was your planned risk? Risk initially was planned 30 pips, then I broke the law and move it to 50 or so pips. What was your planned tp? after 30 pips I was thinking to move SL to BE and then will look at m15 sto21 nad 100, when they move below 80 and if sto8 is in begining of...
Hello Todamoon,

First of all i would like to thank you for your honesty...Your post is honest and many should learn from this as could be great starting point:NEVER LIE TO YOURSELF about what did you wrong accept it,laern from it and move on....

Daily look good

H4 look good also

H1 looks good and M30 looks good

.....so this was a good analyse but timing was not so good actually it was real bad market needed some pullback after 160 rally from yesterday before continue up and if we look longer tf i would enter also but would give more room to breathe but if you look at your entry with only 30 pips sl tp than entry must be perfect as it more scalping trade than serious move...

After all market done 85 pips in your way so you are on good path but watch lower sector to be perfect if you aiming smaller targets...


You dont have to stare your trades if you have all set (tp,sl) as this could be real dangerous sometimes (and it was for you today)...better practise to close your PC or that pair for few hours... (try and practise this,will help you)

Never ever trade real account if you not profitable on demo (only psihological part are different,nothing else but with many practise on demo it will be like riding car)

KEEP GOING

Regards!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 74 KB
Click to Enlarge Name: GBPUSDM5.png Size: 88 KB
  • #15,460
  • Mar 3, 2016 2:16pm Mar 3, 2016 2:16pm
Hi Aliens,
tomorrow there is NFP. Let's see if we'll have an Alien's hook on Gold Weekly. In that case the drop could be huge!
TWT. Cheers.
Per aspera ad astra
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