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Alien's Extraterrestrial Visual Systems

  • #17,601
  • Apr 18, 2017 11:43am Apr 18, 2017 11:43am
Quoting hugomarques
{quote} What happened that you're losing so much? Did not follow the rules? I would like to know, because you and Marco are the aliens who dominate the whole alien system
The count that you see is only a carry trade account.
Per aspera ad astra
  • #17,602
  • Edited 12:19pm Apr 18, 2017 12:08pm | Edited 12:19pm
I admire anybody who made money using this system. I think it works, but it is far too complex and mindboggling for the regular trader.

Ive tested all of the features this system has to offer and I can say that after 8 months of testing, live trading, demo trading this system always will fall short for me. However, the system offers a good guidance to spot a long term trend and possibility of a reversal, which are both, of course, very difficult to call and rarely happen effectively.

So I guess for long TF trading might be useful, but for scalping? Huh, thats a challenge.
  • #17,603
  • Apr 18, 2017 12:56pm Apr 18, 2017 12:56pm
Quoting jpadvisor
{quote} Hi Zimba, this is the most probable EWP count for Crude oil. Cheers {image}
Thsnks JP. Do you find EWP actually plays out as projected to a high probability?

Can you get those projections from a website? I do not think my brain is good with EWP - usually I find that ADX dropping away tells me when to stay out of the choppy conditions that happen between trends. I am looking into using BB's to trade the ranging market at the moment though and here is a useful tutorial on using BBs to see the turns and relativity of price to BB.

Inserted Video
  • #17,604
  • Apr 18, 2017 1:04pm Apr 18, 2017 1:04pm
Quoting jpadvisor
{quote} The count that you see is only a carry trade account.
Still pretty impressive!
223 wins
0 losses.
Good job!
Work smarter,not harder
  • #17,605
  • Edited 2:27pm Apr 18, 2017 1:11pm | Edited 2:27pm
Quoting viennasfc
{quote} One of the things that happen to me with this (Mr. E.'s approach)is that by the time that H4/H1/M15 RSIOMA are below 20 or above 80, the M5 and M1 RSIOMA has already crossed the 50 line. In a case like this: do you wait for the next time the RSIOMA crosses the 50? See below. I had these 5 markets set up. In each of the cases, when they appeared on my radar, the crossover had already happened, and it happened before the H4/H1/M15 were completely set up. After the crossover, each of these cases had a BB Squeeze and then all the ADX power up....
Remember that Alien say RSIOMA crossing 80 or 20 plus ADX is also a possible entry if in line with higher TFs. Arguably a stronger signal than the 50 cross. For me if RSIOMA has already crossed 50 on M5 then I would consider an entry where you have BBS break +ADX contract/expand, provided higher TF in line. Use the stos to try and avoid going long into a top or short into a bottom.

EDIT: if you look at Mr E's examples (post 14376) you can see he waits for ADX expansion once RSIOMA has crossed 50, so at time of entry crossover may already have happened, as you have found out. He answered your question already if you take the time to read.
  • #17,606
  • Apr 18, 2017 3:45pm Apr 18, 2017 3:45pm
Quoting Zimbinga
{quote} Remember that Alien say RSIOMA crossing 80 or 20 plus ADX is also a possible entry if in line with higher TFs. Arguably a stronger signal than the 50 cross. For me if RSIOMA has already crossed 50 on M5 then I would consider an entry where you have BBS break +ADX contract/expand, provided higher TF in line. Use the stos to try and avoid going long into a top or short into a bottom. EDIT: if you look at Mr E's examples (post 14376) you can see he waits for ADX expansion once RSIOMA has crossed 50, so at time of entry crossover may already...
Thank you. I did read the posts and reviewed the charts but there are nuances ...
  • #17,607
  • Apr 18, 2017 4:23pm Apr 18, 2017 4:23pm
Quoting viennasfc
{quote} Thank you. I did read the posts and reviewed the charts but there are nuances ...
This is true and I don't think the market will allow itself to be pinned down by a set of rules which are too precise.

Quoting forexalien
{quote} Trading is an art, not an exact science, you will need to get the flow of things, and in time you will be able to spot what you need to see. Don't get me wrong , this takes a lot of seat time to learn this.................... If it was easy, nobody would be making any money..............
  • #17,608
  • Apr 18, 2017 10:29pm Apr 18, 2017 10:29pm
Dragon Dragon Dragon, I love you
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #17,609
  • Apr 19, 2017 1:20am Apr 19, 2017 1:20am
Quoting Zimbinga
{quote} Thsnks JP. Do you find EWP actually plays out as projected to a high probability? Can you get those projections from a website? I do not think my brain is good with EWP - usually I find that ADX dropping away tells me when to stay out of the choppy conditions that happen between trends. I am looking into using BB's to trade the ranging market at the moment though and here is a useful tutorial on using BBs to see the turns and relativity of price to BB. https://www.youtube.com/watch?v=PWqxNtsFx1M
https://www.forexfactory.com/showthread.php?t=447470
you might find this trading Journal by scalpeur interesting as well.
  • #17,610
  • Apr 19, 2017 3:44am Apr 19, 2017 3:44am
How would you assess this one? The indicators were ever changing. The same with the ADX

http://imgur.com/a/6KHaq
  • #17,611
  • Apr 19, 2017 5:55am Apr 19, 2017 5:55am
Quoting Zimbinga
{quote} Thsnks JP. Do you find EWP actually plays out as projected to a high probability? Can you get those projections from a website? I do not think my brain is good with EWP - usually I find that ADX dropping away tells me when to stay out of the choppy conditions that happen between trends. I am looking into using BB's to trade the ranging market at the moment though and here is a useful tutorial on using BBs to see the turns and relativity of price to BB. https://www.youtube.com/watch?v=PWqxNtsFx1M
Hi Zimba,
as you know master Alien recommended to study the EWP to add to his system. They have many similarities. Both trade the waves and both are in search for the best trades (wave three or grade A).
To me is useful to know in which part of the waves we are at some point or when one cannot see clearly where the trend is going but no, I don't use the EWP projection to take trades. There are so much alternates and different counts depending on which type of EW you follow.
That said, I'm very interested in going into deep with the BB. Also Tradefinder is studying them to see if we can determine the TP of our trades.
So keep it up and let me be informed of your discoveries. Cheers
Per aspera ad astra
  • #17,612
  • Apr 19, 2017 6:04am Apr 19, 2017 6:04am
Quoting Boferer
How would you assess this one? The indicators were ever changing. The same with the ADX http://imgur.com/a/6KHaq
The secret is to follow the ADX slopes' contraction and expansion. See in your chart how many pips you could have done entering long after every contraction's end.
Per aspera ad astra
  • #17,613
  • Apr 19, 2017 6:09am Apr 19, 2017 6:09am
Quoting jpadvisor
{quote} The secret is to follow the ADX slopes' contraction and expansion. See in your chart how many pips you could have done entering long after every contraction's end.

But how can I be sure that it wont juke me out instantly? The obvious answer would be to say, "Just look at the other indies", but they can change as well in a second completely.
  • #17,614
  • Apr 19, 2017 7:44am Apr 19, 2017 7:44am
Quoting jpadvisor
{quote} Hi Zimba, as you know master Alien recommended to study the EWP to add to his system. They have many similarities. Both trade the waves and both are in search for the best trades (wave three or grade A). To me is useful to know in which part of the waves we are at some point or when one cannot see clearly where the trend is going but no, I don't use the EWP projection to take trades. There are so much alternates and different counts depending on which type of EW you follow. That said, I'm very interested in going into deep with the BB. Also...
Hi

Have a look at my post here https://www.forexfactory.com/showthr...76#post9262676

It shows how the BB can give a nice target on the pullbacks that the setups show.

Of all the work i have done this is the most reliable, have a look on your charts they are everywhere
  • #17,615
  • Apr 19, 2017 7:58am Apr 19, 2017 7:58am
Quoting Boferer
{quote} But how can I be sure that it wont juke me out instantly? The obvious answer would be to say, "Just look at the other indies", but they can change as well in a second completely.
Im testing this idea right now on my live account with low volumes. I enter when 3 fastest adx rise, if its not changing (adx still rising) i add second in 4 hours (i trade off 4h chart) i exit the trade when all 3 adx are not moving up anymore or tp is hit (tp is hard 2 r).

In last about 2 months i have like 90 trades with 30-40% accuracy, avg lose is about 0,7r tp 2r.
Only this week it became profitable about 6r+.

If You want to know more or more accurate stats just let me know.
  • #17,616
  • Apr 19, 2017 8:04am Apr 19, 2017 8:04am
Quoting Songok
{quote} Im testing this idea right now on my live account with low volumes. I enter when 3 fastest adx rise, if its not changing (adx still rising) i add second in 4 hours (i trade off 4h chart) i exit the trade when all 3 adx are not moving up anymore or tp is hit (tp is hard 2 r). In last about 2 months i have like 90 trades with 30-40% accuracy, avg lose is about 0,7r tp 2r. Only this week it became profitable about 6r+. If You want to know more or more accurate stats just let me know.
Still the 3 adxs expanding can fake you out within a second if you trade on the minute chart. The same goes for the other indicators.

I am asking whether anybody can pinpoint the exact entry on live trading saying, "This set up will work because its a grade A trade and will not erase itself within next minute.". Because I had a plethora of grade A trades, which turn out to be nothing the next minute; however, a minute before, the set up was flawless. How is this possible? I´d like some clarification on this
  • #17,617
  • Apr 19, 2017 8:43am Apr 19, 2017 8:43am
Quoting Boferer
{quote} Still the 3 adxs expanding can fake you out within a second if you trade on the minute chart. The same goes for the other indicators. I am asking whether anybody can pinpoint the exact entry on live trading saying, "This set up will work because its a grade A trade and will not erase itself within next minute.". Because I had a plethora of grade A trades, which turn out to be nothing the next minute; however, a minute before, the set up was flawless. How is this possible? Id like some clarification on this
Like any other system you can't purely rely on just one timeframe.
If you're trading 1 minute charts,what's your tf for entry?
The same timeframe? 50/50 chance to play out.
Why?
Because small tfs drives higher tfs UNTIL one of the tfs FAIL.
Your entry should be at 30 or 15 seconds charts because if one of these timeframes fail,so the setup at 1 minute too.
I mentioned sometime ago that i was expecting for the DS setups at pound pairs to fail due to divergences at higher tf (the monthly).
And i was right,those DS are failing.
MTF analysis is key for this system to work,we can't rely on just one tf.
Work smarter,not harder
  • #17,618
  • Apr 19, 2017 9:01am Apr 19, 2017 9:01am
Quoting marcof91
{quote} Like any other system you can't purely rely on just one timeframe. If you're trading 1 minute charts,what's your tf for entry? The same timeframe? 50/50 chance to play out. Why? Because small tfs drives higher tfs UNTIL one of the tfs FAIL. Your entry should be at 30 or 15 seconds charts because if one of these timeframes fail,so the setup at 1 minute too. I mentioned sometime ago that i was expecting for the DS setups at pound pairs to fail due to divergences at higher tf (the monthly). And i was right,those DS are failing. MTF analysis...
  • #17,619
  • Apr 19, 2017 9:02am Apr 19, 2017 9:02am
Quoting marcof91
{quote} Like any other system you can't purely rely on just one timeframe. If you're trading 1 minute charts,what's your tf for entry? The same timeframe? 50/50 chance to play out. Why? Because small tfs drives higher tfs UNTIL one of the tfs FAIL. Your entry should be at 30 or 15 seconds charts because if one of these timeframes fail,so the setup at 1 minute too. I mentioned sometime ago that i was expecting for the DS setups at pound pairs to fail due to divergences at higher tf (the monthly). And i was right,those DS are failing. MTF analysis...
M1 is my entry point, I do the top down analysis. However, the point still remains. You can have the best Grade A trade on the higher timeframe and wait for the confirmation on the lower timeframe and one second it(the confirmation) may be there and the next it will be gone completely. Thats the problem. I dont know if I express the issue clearly.
  • #17,620
  • Apr 19, 2017 9:24am Apr 19, 2017 9:24am
Quoting Boferer
{quote} M1 is my entry point, I do the top down analysis. However, the point still remains. You can have the best Grade A trade on the higher timeframe and wait for the confirmation on the lower timeframe and one second it may be there and the next it will be gone completely. Thats the problem
Well my friend,that's the nature of the markets.
I think (imho) the market was better like 10 years ago.
Was more smooth on his rides and with less spikes.
Look at USDCAD monthly,Grade A setup if plays out,if don't i just go trade the other direction.
That's also a beauty of this system,if DS long fail you can trade the X cross short and still win.
My advice to you:
When you're doing top down analysis,ONLY look at the directions of RSIOMA. Don't look at the stos,i said this because our brain tend to look to simple things,RSIOMA is just one indicator and gives powerful clues.
Work smarter,not harder
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