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Alien's Extraterrestrial Visual Systems

  • #15,601
  • Mar 23, 2016 1:09am Mar 23, 2016 1:09am
Quoting emonts
Hi All, In the attachment the BBS dashboard. Two versions. V1.01 is for in a chart and the pair is the chart pair V2.01 is for putting more dashboards in one chart. So pair is a parameter. If more instances, do not forget to change the objectpreamble in unique strings for every instance BR. {file}
Hi Emonts

Good job on this db, I will start testing today

Kind regards
  • #15,602
  • Mar 23, 2016 2:50am Mar 23, 2016 2:50am
Here adx expands but adx dash showing no power.Can anyone please tell me the requirements of adx to get power.I have seen many times that market is running very fast but no power in dash board.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 67 KB
  • #15,603
  • Edited 3:26am Mar 23, 2016 3:06am | Edited 3:26am
Quoting Zokynho
{quote} Finally some action, EUR/AUD +55 +66 +24 +48 +52 +34 Overall: 274 pips today and from last week... Have 2 more open positions with sl at BE {image}
When you took trades maybe adx had no powers.So we can take trades by analysis higher tf's momentum,isn't it?.And also red means no momentum,green means it has momentum and gray means flat,am i right?On the chart adx expands but adx dash is red.What's the reason?.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 68 KB
  • #15,604
  • Mar 23, 2016 3:22am Mar 23, 2016 3:22am
Quoting saad007
Here adx expands but adx dash showing no power.Can anyone please tell me the requirements of adx to get power.I have seen many times that market is running very fast but no power in dash board. {image}
Your pic show an ADX dash with strong SELL momentum ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #15,605
  • Mar 23, 2016 3:26am Mar 23, 2016 3:26am
Quoting saad007
{quote} When you took trades maybe adx has no power.So we can take trades by analysis higher tf's momentum,isn't it?.And also red means no momentum,green means it has momentum and gray means flat,am i right?
Red means bearish momentum, green means bullish momentum, gray means none. I believe an older version didn't work this way, but as you show on your chart above, you have full bearish adx expansion and the ADX Dash shows all red.
Follow the money --Mark Felt (Deepthroat)
  • #15,606
  • Mar 23, 2016 3:38am Mar 23, 2016 3:38am
Quoting FerruFx
{quote} Your pic show an ADX dash with strong SELL momentum ...
That’s what I was thinking.I read in a short summary pdf book that,"All red , no power or momentum behind the move..". So i was a little bit confuse.Anyway thank you very much.

Highest regards!
  • #15,607
  • Mar 23, 2016 3:45am Mar 23, 2016 3:45am
Quoting longfellow
{quote} Red means bearish momentum, green means bullish momentum, gray means none. I believe an older version didn't work this way, but as you show on your chart above, you have full bearish adx expansion and the ADX Dash shows all red.
Thanks for your kind words.What adx dash version do you use?

Regards
  • #15,608
  • Mar 23, 2016 3:48am Mar 23, 2016 3:48am
Quoting saad007
{quote} Thanks for your kind words.What adx dash version do you use? Regards
v2
Follow the money --Mark Felt (Deepthroat)
  • #15,609
  • Mar 23, 2016 3:54am Mar 23, 2016 3:54am
Quoting longfellow
{quote} v2
I also use it.
  • #15,610
  • Edited 5:33am Mar 23, 2016 5:23am | Edited 5:33am
Quoting saad007
{quote} Thanks for your kind words.What adx dash version do you use? Regards
Hi Saad
for your adx try using ADX Slope New, I find it easier to spot when adx is expanding
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot_20160323103032.png Size: 124 KB
Attached File(s)
File Type: mq4 ADX Slope New.mq4   4 KB | 415 downloads
  • #15,611
  • Mar 23, 2016 6:52am Mar 23, 2016 6:52am
Quoting kjg
{quote} Hi Saad for your adx try using ADX Slope New, I find it easier to spot when adx is expanding {image} {file}
Thanks.I also use it.
  • #15,612
  • Mar 23, 2016 1:31pm Mar 23, 2016 1:31pm
Quoting Zokynho
{quote} Hello dbsys, That was my problem to at the beginnings of my forex career.... You probably think that you will leave your pips on table but FOCUS is what you need at this stage... 1. FOCUS to learn what market doing and how your indies behaves in different market enviroments ( with constant changing your pairs you cannot learn and you will probably miss good opportunity) 2. FOCUS to learn what specific currency pair doing around which sessions according to your indies and time frame (some pairs have stronger movements,some pairs like to be...
Zokynho, thank you for yoyr explanation. It is pleasure to read your posts, keep it up with you good work! It is easy to spot trades in the past, but then you need to trade at the moment then the trades develops it's a diffrent storry. Basically i'm doing the same as you just on lower timeframes, i'm searching for a setup on higher timefarme and then drop to lower to pinpoint entries. I'm jus to often choose bad pairs to trade and i need to work on that.

Look at the picture, i took this trade on GBPNZD on 1hour and it immediately turned against me and now is -50 pips what did i wrong here? everything is short on higher timeframes.
Attached Image (click to enlarge)
Click to Enlarge Name: GN.jpg Size: 608 KB
  • #15,613
  • Mar 23, 2016 2:20pm Mar 23, 2016 2:20pm
Quoting dbsys
{quote} Zokynho, thank you for yoyr explanation. It is pleasure to read your posts, keep it up with you good work! It is easy to spot trades in the past, but then you need to trade at the moment then the trades develops it's a diffrent storry. Basically i'm doing the same as you just on lower timeframes, i'm searching for a setup on higher timefarme and then drop to lower to pinpoint entries. I'm jus to often choose bad pairs to trade and i need to work on that. Look at the picture, i took this trade on GBPNZD on 1hour and it immediately turned...
Hello dbsys,

This is not a bad trade,all still looks very good for continuation downmove...be patience...

50 pips on this pair is not so big deal and bear in mind that lower time frames need pullback to gain new momentum down...

your entry was late according to lower timeframes but think it will work out at the end...now work on your risk management with splliting positions and you will be ok..

So write down what did you do good (analyse) and what did you do wrong (entry point) and learn from it....

Regards!
  • #15,614
  • Mar 23, 2016 2:22pm Mar 23, 2016 2:22pm
Quoting dbsys
{quote} Zokynho, thank you for yoyr explanation. It is pleasure to read your posts, keep it up with you good work! It is easy to spot trades in the past, but then you need to trade at the moment then the trades develops it's a diffrent storry. Basically i'm doing the same as you just on lower timeframes, i'm searching for a setup on higher timefarme and then drop to lower to pinpoint entries. I'm jus to often choose bad pairs to trade and i need to work on that. Look at the picture, i took this trade on GBPNZD on 1hour and it immediately turned...
Can I ask you what is your risk and plan for this trade?

And why didn't you enter earlier (DS on M5) and 2 slingshots?
  • #15,615
  • Mar 23, 2016 2:50pm Mar 23, 2016 2:50pm
Quoting Zokynho
{quote} Can I ask you what is your risk and plan for this trade? And why didn't you enter earlier (DS on M5) and 2 slingshots?
i trade on micro with 0.01 lot and my plan is to exit when ds meets rsioma if you asking this.
ds on 5 min - thought that this cant go down couse its 5min and its very noisy. in other words i was sceared. can you point out those two slingshots you are talking about?
  • #15,616
  • Mar 23, 2016 3:08pm Mar 23, 2016 3:08pm
Quoting dbsys
{quote} i trade on micro with 0.01 lot and my plan is to exit when ds meets rsioma if you asking this. ds on 5 min - thought that this cant go down couse its 5min and its very noisy. in other words i was sceared. can you point out those two slingshots you are talking about?
You must build confidence and that comes with practise...and this system gives much confidence when you learn it...but takes time...

Worst thing that can happen to hit stop loss...

Usually M5 is noisy but if you have mtf like in this example you can enter and M5 will move M15 will move M30 and so on...

Keep going!

Regards!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 79 KB
  • #15,617
  • Mar 23, 2016 3:20pm Mar 23, 2016 3:20pm
Quoting Zokynho
{quote} You must build confidence and that comes with practise...and this system gives much confidence when you learn it...but takes time... Worst thing that can happen to hit stop loss... Usually M5 is noisy but if you have mtf like in this example you can enter and M5 will move M15 will move M30 and so on... Keep going! Regards! {image}
when these slingshots were developing were wasn't ds cros on H1. i thought it is a must?
i think that this setup is failing, only 30pips left till the stoploss
  • #15,618
  • Mar 23, 2016 3:21pm Mar 23, 2016 3:21pm
Quoting dbsys
{quote} i trade on micro with 0.01 lot and my plan is to exit when ds meets rsioma if you asking this. ds on 5 min - thought that this cant go down couse its 5min and its very noisy. in other words i was sceared. can you point out those two slingshots you are talking about?
....and my advise would be to have plan if goes against you not only if go in your directions....If you know how to deal with losses and potential risks than you will know how to take profit easy...
  • #15,619
  • Mar 23, 2016 3:36pm Mar 23, 2016 3:36pm
Quoting Zokynho
{quote} ....and my advise would be to have plan if goes against you not only if go in your directions....If you know how to deal with losses and potential risks than you will know how to take profit easy...
i still have a lot to learn... what kind of plan you are talking? can you tell me what you are doing when trade goes against you? thank you.
  • #15,620
  • Mar 23, 2016 4:09pm Mar 23, 2016 4:09pm
Quoting dbsys
{quote} i still have a lot to learn... what kind of plan you are talking? can you tell me what you are doing when trade goes against you? thank you.
You must have trading plan which define many aspect of your trading career....

It is much more than you think at this moment and the best to create it is in pdf...enjoy...

Here are more few good pages about trading plan for you to learn...

http://www.investopedia.com/terms/t/trading-plan.asp

http://www.investopedia.com/articles.../04/042104.asp

http://www.investopedia.com/universi...evelopment.asp

http://www.ig.com/uk/developing-a-trading-plan-articles

http://vantagepointtrading.com/archives/5835

http://www.stocktrading.com/TradingPlanTASC.htm

http://www.rightline.net/education/PlanningaTrade.html


Take your time as all begins and ends with it so it is not overnight...
Attached File(s)
File Type: pdf Trading plan template (1).pdf   160 KB | 876 downloads
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