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Alien's Extraterrestrial Visual Systems

  • #17,661
  • Apr 25, 2017 4:54pm Apr 25, 2017 4:54pm
Quoting marcof91
{quote} You have to find something that suits your style. For me,i use the kijun sen line from ichimoku. Whenever the price pauses,the line goes flat and that's where i move the stop. {image}
Interesting, especially in combination with the 1x1 fib extension target...thank you! What setting do you use for the kijun sen line? 26?
  • #17,662
  • Apr 25, 2017 7:19pm Apr 25, 2017 7:19pm
Quoting viennasfc
{quote} Interesting, especially in combination with the 1x1 fib extension target...thank you! What setting do you use for the kijun sen line? 26?
And, when do you consider the ADX 7 "overbought"? Is that a specific level like 80?
  • #17,663
  • Apr 26, 2017 1:09am Apr 26, 2017 1:09am
Quoting marcof91
{quote} You have to find something that suits your style. For me,i use the kijun sen line from ichimoku. Whenever the price pauses,the line goes flat and that's where i move the stop. {image}
I do this too sometimes, it is a useful line for SL. Sometimes for a wider stop the ichimoku cloud line too and sometimes on lower TF if I want it tighter.
  • #17,664
  • Apr 26, 2017 1:17am Apr 26, 2017 1:17am
Quoting marcof91
{quote} You have to find something that suits your style. For me,i use the kijun sen line from ichimoku. Whenever the price pauses,the line goes flat and that's where i move the stop. {image}
Hi macro. Where can i find basic rules of Alien system ?
  • #17,665
  • Apr 26, 2017 2:01am Apr 26, 2017 2:01am
Quoting marcof91
{quote} You have to find something that suits your style. For me,i use the kijun sen line from ichimoku. Whenever the price pauses,the line goes flat and that's where i move the stop. {image}

Can You explain why did You re-enter Your position as You did? (before the gap)
  • #17,666
  • Apr 26, 2017 3:36am Apr 26, 2017 3:36am
EUR/USD H1 - divergence and Alien's hook. We going south.
Per aspera ad astra
  • #17,667
  • Apr 26, 2017 4:17am Apr 26, 2017 4:17am
Quoting viennasfc
{quote} And, when do you consider the ADX 7 "overbought"? Is that a specific level like 80?
I use ADX in window unfixed so there isn't levels.
You get an idea when adx 7 is overbought when slowly turns around (from steep slope to kinda flat).
Lots of screen time i can't give you but you will in time get it what i'm saying.
The setting of kijun sen line is the standard one.
Work smarter,not harder
  • #17,668
  • Apr 26, 2017 4:18am Apr 26, 2017 4:18am
Quoting kjmchc1010
{quote} Hi macro. Where can i find basic rules of Alien system ?
Read the thread or the pdfs available in the paperclip.
Work smarter,not harder
  • #17,669
  • Apr 26, 2017 4:24am Apr 26, 2017 4:24am
Quoting Songok
{quote} Can You explain why did You re-enter Your position as You did? (before the gap)
At the post 17632, i told Crooky that i would enter at the second push of adx 7 of H4.
And looking at H1 you can see a great separation between 21 and 100 sto. That's an indication of slingshot even tho there wasn't adx power at H1. When you see a great adx start you must expect the second push and that's what i did.
Work smarter,not harder
  • #17,670
  • Apr 26, 2017 5:38am Apr 26, 2017 5:38am
Quoting marcof91
{quote} At the post 17632, i told Crooky that i would enter at the second push of adx 7 of H4. And looking at H1 you can see a great separation between 21 and 100 sto. That's an indication of slingshot even tho there wasn't adx power at H1. When you see a great adx start you must expect the second push and that's what i did.
Nice, Your understanding of Alien system is superb
Could You share Your hit rate and risk reward ratio?
  • #17,671
  • Apr 26, 2017 7:44am Apr 26, 2017 7:44am
Quoting Songok
{quote} Nice, Your understanding of Alien system is superb Could You share Your hit rate and risk reward ratio?
I don't care much about win rate since the risk reward is the rule for me to stay on the green.
At 1:2 RR would take me 2 losses to get back where i was.
It really depends on the setup.
This last one at EC before the gap,i was risking 30 pips and after the gap gave me 230 pips for a RR of 1: 7,66.
Now it would take me 7 losses in a row to JUST erase this trade.
My winrate averages between 70-80% and risk reward minimum of 1:2 trading H4 to higher tfs.
Work smarter,not harder
  • #17,672
  • Apr 27, 2017 3:32am Apr 27, 2017 3:32am
My another Alien System story to share near London Open.

GBP was still very strong, GJ and GU looked most promising I took them both for a ride just after breaking the red line.
Exit when ADX started to fall.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 160 KB
  • #17,673
  • Apr 27, 2017 4:52am Apr 27, 2017 4:52am
Quoting Szpons
My another Alien System story to share near London Open. GBP was still very strong, GJ and GU looked most promising I took them both for a ride just after breaking the red line. Exit when ADX started to fall. {image}
I took GN DS long at H1 for 55 pips.
Can go up some more but i'm happy with that.
Can't get greedy.
Work smarter,not harder
  • #17,674
  • Apr 27, 2017 5:03am Apr 27, 2017 5:03am
Awesome example on how to work with BBS, ADX contractions and expansion today on GJ 5 M.
Entry long with a dirty DS trade when at BBS 8 Stoch. crossed up 21 after a contraction of ADX at 10 level and then started the expansion (3 confermations).
Exit at resistance when The ADX slope diverged from price, following DS failed and 8 Stoch. left the top (four confermations).
This is alien trading
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY#M5.png Size: 169 KB
Per aspera ad astra
  • #17,675
  • Apr 27, 2017 5:52am Apr 27, 2017 5:52am
Quoting jpadvisor
Awesome example on how to work with BBS, ADX contractions and expansion today on GJ 5 M. Entry long with a dirty DS trade when at BBS 8 Stoch. crossed up 21 after a contraction of ADX at 10 level and then started the expansion (3 confermations). Exit at resistance when The ADX slope diverged from price, following DS failed and 8 Stoch. left the top (four confermations). This is alien trading {image}
Textbook ADX contraction/expansionw/BBS...and RSIOMA went into 80 too...great!
Similar trade set up on the GU... have to get up earlier...3 am for me
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 84 KB
  • #17,676
  • Apr 27, 2017 6:58am Apr 27, 2017 6:58am
Quoting viennasfc
{quote} have to get up earlier...3 am for me {image}
Dont force it there will be other opportunities, there are plenty of them especially if You trade timeframes like m5 ^_^
  • #17,677
  • Apr 27, 2017 9:22am Apr 27, 2017 9:22am
Quoting jpadvisor
Awesome example on how to work with BBS, ADX contractions and expansion today on GJ 5 M. Entry long with a dirty DS trade when at BBS 8 Stoch. crossed up 21 after a contraction of ADX at 10 level and then started the expansion (3 confermations). Exit at resistance when The ADX slope diverged from price, following DS failed and 8 Stoch. left the top (four confermations). This is alien trading {image}
Hi jpadvisor!
Do you draw S/R lines manually or maybe you can share some indicator?
  • #17,678
  • Apr 27, 2017 2:08pm Apr 27, 2017 2:08pm
Quoting todamoon
{quote} Hi jpadvisor! Do you draw S/R lines manually or maybe you can share some indicator?
Hi Alien friend,
you can find here the two indies I use most (already posted in the thread).
https://www.forexfactory.com/showthr...86#post8619186
Per aspera ad astra
  • #17,679
  • Apr 27, 2017 4:12pm Apr 27, 2017 4:12pm
Quoting jpadvisor
{quote} Hi Alien friend, you can find here the two indies I use most (already posted in the thread). https://www.forexfactory.com/showthr...86#post8619186
Thank you very much my friend!!!
  • #17,680
  • Apr 27, 2017 4:15pm Apr 27, 2017 4:15pm
Quoting jpadvisor
Awesome example on how to work with BBS, ADX contractions and expansion today on GJ 5 M. Entry long with a dirty DS trade when at BBS 8 Stoch. crossed up 21 after a contraction of ADX at 10 level and then started the expansion (3 confermations). Exit at resistance when The ADX slope diverged from price, following DS failed and 8 Stoch. left the top (four confermations). This is alien trading {image}
Way to go, that's what it's all about
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