Alien's Extraterrestrial Visual Systems | Page 842 | Forex Factory

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Alien's Extraterrestrial Visual Systems

  • #16,821
  • Nov 17, 2016 11:09am Nov 17, 2016 11:09am
Quoting jpadvisor
{quote} This seems to be a good add on to the system. I'll look trough it and test on which TFs can be helpful to set the SL and TP. Thanks mate.
Thats great, this works for TP'S. SL's are traditional sort of thing, last swing high/low. Welcome any feedback if you develop SL principles based on this
  • #16,822
  • Nov 17, 2016 11:30am Nov 17, 2016 11:30am
Quoting TradeFinder
{quote} Adding to this and with a view to having an initial target, this has helped my physcology and once this initial target is reached then look at the Alien indies and if they are strong then trail a stop from this point onwards, ie use the 89/144. This just helps visualise a target when you see a potential setup. here goes, on the Alien template we have the bollinger band and it reacts to volatility and creates bubbles which price interacts with. Now as JP, Marco and others say let the first waves start and wait for the retracement. When this...

Hi

Live example of this playing out

H1 EU this BB is suggesting the last DS which is playing out now will be a small run down.

Reasoning is that there is a small BB bubble (ie small volatilty), this doesn't mean it may not run but at least the probability is in your favour to get it out of the trap to see

Of course it is H1 and "small" is unclear, if you look at this move from the 8/21 entry signal it has moved already circa 80 pips and now hit the BB. This is still a good trade but is small in context of some H1 runs. Main point for me is the high probability at the point of 8/21 entry in this instance there was about 80 pips in this trade and SL above last high so 31, gives about 2.8R which is worth taking

Last point this for me is still a running trade albeit it has stalled currently , I would move my SL to the 31 pips so I am in a 1R trade with a current space of about 50 pips to let it breathe
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  • #16,823
  • Nov 17, 2016 12:08pm Nov 17, 2016 12:08pm
Quoting fxlocator
{quote} Hi TradeFinder, there you go the checklists include the following alien hook BB squeeze DS setups exits grade AAA top down analysis topping and bottoming Hope this helps green pips always {file}
Great work! May God bless you bountifully.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #16,824
  • Nov 17, 2016 12:15pm Nov 17, 2016 12:15pm
About general usage of BB you can read this.
http://www.investopedia.com/articles.../05/022205.asp
Per aspera ad astra
  • #16,825
  • Nov 17, 2016 12:32pm Nov 17, 2016 12:32pm
Quoting Opemipo
{quote} Great work! May God bless you bountifully. Olufemi

Hi Opemipo, good to know its of use to you. Most welcome.

green pips always
  • #16,826
  • Nov 17, 2016 12:37pm Nov 17, 2016 12:37pm
Quoting fxlocator
{quote} Hi TradeFinder, there you go the checklists include the following alien hook BB squeeze DS setups exits grade AAA top down analysis topping and bottoming Hope this helps green pips always {file}
Thank you fxlocator, apologies i somehow missed this. Hazy day
  • #16,827
  • Nov 17, 2016 1:17pm Nov 17, 2016 1:17pm
Quoting TradeFinder
{quote} Thank you fxlocator, apologies i somehow missed this. Hazy day
Cool, sorry for the hazy day - had one too, the two trades i entered today all went against me. But dint close any of them either and now starting to look good again.

green pips always
  • #16,828
  • Nov 17, 2016 1:24pm Nov 17, 2016 1:24pm
GBP crosses gapped up today
  • #16,829
  • Nov 17, 2016 6:31pm Nov 17, 2016 6:31pm
Today I had a better day, concentration in the improved settings, I hope to keep discipline from today, thanks for the light they gave me, it was a great help ...
Control of the mind is our best setup, a disturbed mind, does not combine with forex, and stays alert, do not negotiate when pressed or in doubt about people issues, it will only cause pain and burst of accounts ...
  • #16,830
  • Nov 18, 2016 2:35am Nov 18, 2016 2:35am
here i was in before the the adx was rising anticipating that the divergence will be playing out perfect entry was at approx 1735 (cypres time) when all adx in M5 were rising we had in H4 an ichimoku reject in H1 RSIOMA divergence in M5 also divergence and adx rising

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  • #16,831
  • Nov 18, 2016 4:27am Nov 18, 2016 4:27am
EUR USD your opinions?

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  • #16,832
  • Nov 18, 2016 4:36am Nov 18, 2016 4:36am
Quoting rukiver
EUR USD your opinions? {image}
To me after the DS on H1 there is always a retracement and this is at present time; than stoc. 8 will turn down again on 5 M and H1.
Per aspera ad astra
  • #16,833
  • Nov 18, 2016 4:52am Nov 18, 2016 4:52am
Quoting rukiver
EUR USD your opinions? {image}
It is very possible that could make a new low on monthly/weekly before resting.
Work smarter,not harder
  • #16,834
  • Nov 18, 2016 5:07am Nov 18, 2016 5:07am
Quoting marcof91
{quote} It is very possible that could make a new low on monthly/weekly before resting.
I agree, but I think we might see some bullish reversal pretty soon
  • #16,835
  • Nov 18, 2016 5:28am Nov 18, 2016 5:28am
Quoting Boferer
{quote} I agree, but I think we might see some bullish reversal pretty soon
yeah some kind of reversal pattern in H1 to ichmoku cloud maybe weekly hasnt reached the low yet according my stochs
  • #16,836
  • Nov 18, 2016 9:21am Nov 18, 2016 9:21am
Quoting jpadvisor
{quote} To me after the DS on H1 there is always a retracement and this is at present time; than stoc. 8 will turn down again on 5 M and H1.
Gone as predicted according to alien system.
Per aspera ad astra
  • #16,837
  • Nov 18, 2016 1:35pm Nov 18, 2016 1:35pm
Quoting jpadvisor
{quote} Gone as predicted according to alien system.
jp, marco and the others. How do you determine that setup has good risk reward? For example lets take H1 ds trade. It can go 20 pips and turn against, 30 pips,40,50, 60 and more how you choose your stop loss levels? thank you fxlocator for you example TradeFinder can you show more examples of your approach, i'm not sure if i get it right. Maybe you can show it on UJ H1 last DS trade with some kind of x cross. How would you trade it? this part - trade management and money management, is the most trickiest for me and we biggest puzzle piece in trading. thank you all!
  • #16,838
  • Nov 18, 2016 7:59pm Nov 18, 2016 7:59pm
With a more calm mind, I was able to overcome the dragons that bothered me in the analysis, and now the settings are clear, analyze h1, enter m15 and confirm m5
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  • #16,839
  • Edited 9:00am Nov 20, 2016 8:37am | Edited 9:00am
Multi time frame Analysis

I have been re-reading the teachings of Master Alien and it seems some inexperienced traders can be led astray by the maxim that smaller time frames drive larger timeframes. The danger with this teaching is that newbie thinks, aha I have set up on M5, I will not worry about H1, H4 and Daily - M5 drives them after all!

I will be controversial and say no time frame drives any other time frame. They are simply measurements of the same thing (price action) over different scales. Like I see my country on Google Earth and zoom down to see my house haha.

I also suggest that higher time frame set ups are stronger in that price should travel further than for set ups on smaller time frames (unless smaller time frame has higher time frame support - what we want of course). The reason being that higher time frames show more accumulated price action in one view. Like big oil tanker ship takes longer to turn around than small sailing boat. This would be why Alien do his MTF analysis from top-down not bottom-up. And as Alien and JP say when all TFs work together then we have best entries.

Please Alien Masters JP & others, let me know if you disagree so I can learn more.
  • #16,840
  • Nov 21, 2016 5:27am Nov 21, 2016 5:27am
Quoting Zimbinga
Multi time frame Analysis I have been re-reading the teachings of Master Alien and it seems some inexperienced traders can be led astray by the maxim that smaller time frames drive larger timeframes. The danger with this teaching is that newbie thinks, aha I have set up on M5, I will not worry about H1, H4 and Daily - M5 drives them after all! I will be controversial and say no time frame drives any other time frame. They are simply measurements of the same thing (price action) over different scales. Like I see my country on Google Earth and zoom...
Thats the name of the game .... Choosing a higher tineframe signal, and watching the lower time frames turning in that direction....Trying to catch the golden 3rd wave is the hard bit..... There are some patterns that occur all the time but being patient enough to wait and sit on your surfboard is the toughest skill to get right.... When I have time to trade I want to trade .....but this can take out all your gains if your not careful .... At least it has happened to me in the past and I bet many others here too .... :-) So yeah be patient :-)
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