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Alien's Extraterrestrial Visual Systems

  • #16,761
  • Nov 9, 2016 2:24am Nov 9, 2016 2:24am
Quoting hugomarques
Our luck that we have the alien system, and tell us long before what can happen, the falls was prepared in some graphs with divergence and X trades with total expansion of adx! Marcof91, I really like your analysis, I see that you have become a great trader, what is the goal to quit your job and live only forex?Do you think about it?
Fortunately,i decided to close the trades before the results of elections. As i went to sleep,it went all against me. As to quit my job,i still don't know. It puts a lot of pressure to make money in forex. Better have two incomes than just one,imho.
Work smarter,not harder
  • #16,762
  • Nov 9, 2016 2:41am Nov 9, 2016 2:41am
Quoting marcof91
{quote} Fortunately,i decided to close the trades before the results of elections. As i went to sleep,it went all against me. As to quit my job,i still don't know. It puts a lot of pressure to make money in forex. Better have two incomes than just one,imho.
i will suggest please don't quit your job. take fx as your side income. its always nice to play safe
In the court of lord, only love and devotion is counted...
  • #16,763
  • Nov 9, 2016 3:27am Nov 9, 2016 3:27am
Quoting marcof91
{quote} Fortunately,i decided to close the trades before the results of elections. As i went to sleep,it went all against me. As to quit my job,i still don't know. It puts a lot of pressure to make money in forex. Better have two incomes than just one,imho.
Im suprised you dont own that tyre factory by now! Im sure you will join JP full time soon .... And congrats JP thats great your full time!!! Its a goal for everyone here surely....
  • #16,764
  • Nov 9, 2016 5:21am Nov 9, 2016 5:21am
Does anybody trade on M5 and M1 charts? If so, Do u find the signals there reliable?
  • #16,765
  • Nov 9, 2016 6:52am Nov 9, 2016 6:52am
Quoting Boferer
Does anybody trade on M5 and M1 charts? If so, Do u find the signals there reliable?
Master Alien traded as low as M1 as far as i know. You may need seveal monitors..... Master had 9.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #16,766
  • Nov 9, 2016 7:01am Nov 9, 2016 7:01am
Quoting heispark
{quote} Master Alien traded as low as M1 as far as i know. You may need seveal monitors..... Master had 9.
I find it extremely hard to trade on those timeframes, yet I apply the same principles as I do on the higher frames. The higher frames are far more accurate from my findings so far.
  • #16,767
  • Nov 9, 2016 7:30am Nov 9, 2016 7:30am
Quoting marcof91
{quote} Fortunately,i decided to close the trades before the results of elections. As i went to sleep,it went all against me. As to quit my job,i still don't know. It puts a lot of pressure to make money in forex. Better have two incomes than just one,imho.
Congratulations. I'm learning a lot from you and other aliens.

  • #16,768
  • Nov 9, 2016 7:45am Nov 9, 2016 7:45am
There is some heavy zig zagging in the market. Be safe my friends, dont overtrade and overleverage!!
  • #16,769
  • Nov 9, 2016 9:10am Nov 9, 2016 9:10am
Quoting Boferer
There is some heavy zig zagging in the market. Be safe my friends, dont overtrade and overleverage!!
I think the dust will settle down and the trend will resume.
Work smarter,not harder
  • #16,770
  • Nov 9, 2016 12:25pm Nov 9, 2016 12:25pm
False breakout and Xcross on Oil today
H1 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: CL-DEC16H1.png Size: 55 KB
Per aspera ad astra
  • #16,771
  • Nov 10, 2016 8:20am Nov 10, 2016 8:20am
Quoting jpadvisor
False breakout and Xcross on Oil today H1 chart. {image}
Hmmm gbpcad xcross on daily ....
  • #16,772
  • Nov 10, 2016 11:52pm Nov 10, 2016 11:52pm
Quoting Sparkoz
{quote} Hmmm gbpcad xcross on daily ....


Good call Sparkoz - did you take the trade?
I'm back - been re-reading the thread over and over.
I think i'm ready to start trading and posting frequently here.
  • #16,773
  • Nov 11, 2016 6:35am Nov 11, 2016 6:35am
hello fellow aliens!

Am I the only one who finds the X crosses incredibly hard to trade live? Ive read the thread and Ive noticed a couple of ppl had the same problem, but there is not any real answer to it.

If you spot a X cross forming, how do you know its going to work out? At what point would you enter into a trade like this? Because a lot of times I enter seeing X cross on stochastics and all of a suddden the trade turns against me from a settup which looked lovely. Of course, the rsioma is sloping down/up and the ADX fans out when I take the trade. Both of them change the direction as well

+ I dont enter into BB squeezes

Any suggestions?
  • #16,774
  • Nov 11, 2016 7:39am Nov 11, 2016 7:39am
Quoting Boferer
hello fellow aliens! Am I the only one who finds the X crosses incredibly hard to trade live? Ive read the thread and Ive noticed a couple of ppl had the same problem, but there is not any real answer to it. If you spot a X cross forming, how do you know its going to work out? At what point would you enter into a trade like this? Because a lot of times I enter seeing X cross on stochastics and all of a suddden the trade turns against me from a settup which looked lovely. Of course, the rsioma is sloping down/up and the ADX fans out when I take the...
I will leave my review at the end of the day.
Work smarter,not harder
  • #16,775
  • Nov 11, 2016 8:26am Nov 11, 2016 8:26am
Quoting marcof91
{quote} I will leave my review at the end of the day.
Thank you Marco!!
  • #16,776
  • Nov 11, 2016 12:58pm Nov 11, 2016 12:58pm
Quoting Boferer
hello fellow aliens! Am I the only one who finds the X crosses incredibly hard to trade live? Ive read the thread and Ive noticed a couple of ppl had the same problem, but there is not any real answer to it. If you spot a X cross forming, how do you know its going to work out? At what point would you enter into a trade like this? Because a lot of times I enter seeing X cross on stochastics and all of a suddden the trade turns against me from a settup which looked lovely. Of course, the rsioma is sloping down/up and the ADX fans out when I take the...
Bump
  • #16,777
  • Nov 11, 2016 3:22pm Nov 11, 2016 3:22pm
Quoting Boferer
If you spot a X cross forming, how do you know its going to work out?
By looking at lower tfs...

Quoting Boferer
At what point would you enter into a trade like this?
When lower tf shows 21 sto and/or RSIOMA crossing 50 level plus adx power (at least 4 speeds on).
BONUS if there is a divergence as well because is a leading indicator that price will eventually change direction.

Quoting Boferer
Because a lot of times I enter seeing X cross on stochastics and all of a suddden the trade turns against me from a settup which looked lovely. Of course, the rsioma is sloping down/up and the ADX fans out when I take the trade.
You can't just enter when you see a X cross (that's what i did at the beginning) because price it is at THAT STAGE where can go anywhere.
You would think that 8 sto would reverse making a x cross short but instead 8 sto stays there making a x cross long.
X crosses gives you 2 directions, DS only gives you one.

Quoting Boferer
I dont enter into BB squeezes Any suggestions?
If you avoid entering a trade into BBS you may miss some pips but also save yourself from a poor setup.
You decide. For me, i wait for the right signals on lower tfs for the hope that higher tf BBS will break. If there's momentum on lower tf then should be enough to break the BBS on the higher.

An example where the conditions are not the ideal but still the X cross works.
Attached Image (click to enlarge)
Click to Enlarge Name: EN X.png Size: 149 KB

A great example of X cross well succeeded.
Attached Image (click to enlarge)
Click to Enlarge Name: GC X.png Size: 147 KB

How is defined a reversal
Attached Image (click to enlarge)
Click to Enlarge Name: Reversal.PNG Size: 68 KB


If you are still in doubt,let me know.
Work smarter,not harder
  • #16,778
  • Nov 11, 2016 3:59pm Nov 11, 2016 3:59pm
Quoting fxlocator
{quote} Good call Sparkoz - did you take the trade? I'm back - been re-reading the thread over and over. I think i'm ready to start trading and posting frequently here.
Nice to see you back ! Yeah, traded it but closed yesterday....Work today. No more trading until next Wednesday...
I did this ...Reading the thread multiple times is good - Checked out loads of marcos posts too - from his home page ( Thanks Marco )
Concentrating on Multi-time frame though is what its about though - Watching the M5 turn the M15 for that 1H signal....
I still have many many demons however lmao...
  • #16,779
  • Nov 11, 2016 5:01pm Nov 11, 2016 5:01pm
Marco!

Thanks for the explanation. It clarifies a lot of things to be honest. So one of the rules I got out of it is to wait for the lower timeframes to develop the same Xcross setup as the higher ones. Is that correct? And when they all cross the 50 lvl(21 sto) + adx its a sure thing
  • #16,780
  • Nov 11, 2016 5:11pm Nov 11, 2016 5:11pm
Quoting Boferer
Marco! Thanks for the explanation. It clarifies a lot of things to be honest. So one of the rules I got out of it is to wait for the lower timeframes to develop the same Xcross setup as the higher ones. Is that correct? And when they all cross the 50 lvl(21 sto) + adx its a sure thing
Yes,can be that way.
For example:
1. X cross long on H1
2. We go to M5
3. Starts one leg up (we don't do anything)
4. Next comes one leg down (still nothing)
5. Next comes one leg up AND breaks the high of the first wave with adx power
6. ENTER TRADE
Work smarter,not harder
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