Reading the thread I came across this i think it belongs to you
http://www.forexfactory.com/attachme...1&d=1414557625
Alien's Extraterrestrial Visual Systems
- #16,743
- Nov 8, 2016 4:31am Nov 8, 2016 4:31am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
{quote} Hi JP, Would you kindly explain the analysis behind this call? Was that because 8,3,3 went to bottom and turned? I still have trouble finding reversals. Getting better at it. But still miss them sometimes. Also what is the extra sto in your sto window? I can see there are 4 stos. Sorry to bother, but one more question, how do you find Mr V. Ribakov's methods? Do you by any chance have his statistical indicator ( where he monitor days with historical highs and lows ) Man so many question.Thanks heaps JP Cheers!
First I dont use a fourth Stoch. You see in picture the signal line of 21.
Then, remembering this system is a trend following system, the call was about a counter trend trade, non a reversal. The only setup for reversal that I found here is the Alien's hook.
As for the call the counter trade was based on this tips: price went down through the H4 channel and usually a TL is retested before going more over; price stopped at support for more than 2 hours; the ADX red thooth went at top scale and then retracte down; at same time Stoch. 8 rised from bottom becoming green.
The trade worthed only 50 pips max as it was a countert.
Last thing, I find interesting the overall analysis from Ribakov, not only divergences but also cycles. I dont trust much though the historical numbers.
His statistical indicator as for the other tools are available only if you buy his new system called Forex Lybra Code.
Cheers
Per aspera ad astra
- #16,744
- Nov 8, 2016 4:46am Nov 8, 2016 4:46am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} LOL, some old memories, btw aliens like hillary.
Work smarter,not harder
- #16,745
- Nov 8, 2016 4:51am Nov 8, 2016 4:51am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
GJ
DS trade long on H1 and half Xcross on H4.
DS trade long on H1 and half Xcross on H4.
Per aspera ad astra
Trump's "You're Fired" habit could lead to increase in unemployment rate 
In the court of lord, only love and devotion is counted...
- #16,748
- Nov 8, 2016 7:58am Nov 8, 2016 7:58am
Trump's "You're Fired" habit could lead to increase in unemployment rate
- #16,749
- Nov 8, 2016 10:07am Nov 8, 2016 10:07am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Nice I'm in .... You trading full time now JP or do you have a flexible job ...
Per aspera ad astra
- #16,750
- Nov 8, 2016 10:31am Nov 8, 2016 10:31am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #16,751
- Nov 8, 2016 10:55am Nov 8, 2016 10:55am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} Update 7 hours later price is coming down after filling the gap. {image}
It's getting heavier.
Work smarter,not harder
- #16,754
- Nov 8, 2016 12:39pm Nov 8, 2016 12:39pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
GJ
Per aspera ad astra
- #16,755
- Nov 8, 2016 12:47pm Nov 8, 2016 12:47pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
EU DS short on H1
Per aspera ad astra
- #16,756
- Nov 8, 2016 3:01pm Nov 8, 2016 3:01pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
This is my chart to show how i based my entries on EN.
As you can see,most of them was taken on divergences taking into account my target on weekly tf.
This gives me plenty of confidence as this pair is bearish,i just wait for the signals on lower ones.
And the best strategy is to play with 1/5 th (one fifth) of you actually play the market in the first trade.
So if you lose the first trade,barely the loss will hurt you.
If the market goes our way,we put another of same value.
And if the 2nd is a loser, the 1st one will cover the loss.
Anyone does anything similar?
As you can see,most of them was taken on divergences taking into account my target on weekly tf.
This gives me plenty of confidence as this pair is bearish,i just wait for the signals on lower ones.
And the best strategy is to play with 1/5 th (one fifth) of you actually play the market in the first trade.
So if you lose the first trade,barely the loss will hurt you.
If the market goes our way,we put another of same value.
And if the 2nd is a loser, the 1st one will cover the loss.
Anyone does anything similar?
Work smarter,not harder
This is my chart to show how i based my entries on EN. As you can see,most of them was taken on divergences taking into account my target on weekly tf. This gives me plenty of confidence as this pair is bearish,i just wait for the signals on lower ones. {image} And the best strategy is to play with 1/5 th (one fifth) of you actually play the market in the first trade. So if you lose the first trade,barely the loss will hurt you. If the market goes our way,we put another of same value. And if the 2nd is a loser, the 1st one will cover the loss. Anyone...
There is a money management strategy that I am beginning to study that is explained on another site (Kreslik) - Space Wars Money Management - and it looks promising. It is not easy to grasp at first but give it a try. They say there (a guy called mightyone) that technical analysis is 10 % and the rest is the management of space.
Alien and Space... that would be cool. (LOL)
Best Regards
