Alien's Extraterrestrial Visual Systems | Page 887 | Forex Factory

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  • #17,721
  • May 2, 2017 11:24am May 2, 2017 11:24am
Quoting marcof91
{quote} RSIOMA Post 17487 Stoch settings to mimic DS is 14,9,8
thank you,Marco. I did everything like you said in that post, but in RSI setting there is no such setting like Apply to Previous Indicator's Data.
Moving average has it, but RSI don't. Any ideas why? Android mt is up to date.
  • #17,722
  • May 2, 2017 1:43pm May 2, 2017 1:43pm
Is android mt4 mobile the same as iPhone? Try putting the MA on first then the RSI
  • #17,723
  • May 2, 2017 2:17pm May 2, 2017 2:17pm
Quoting dbsys
{quote} thank you,Marco. I did everything like you said in that post, but in RSI setting there is no such setting like Apply to Previous Indicator's Data. Moving average has it, but RSI don't. Any ideas why? Android mt is up to date.
Like zimbinga said,try the other way around.
But i think you can't apply the MA in a separate window first (at least i couldn't do it that way,maybe it is a bug).
So i applied RSI and MA (in this order) and then delete RSI and you will have the MA in a separate window.
Now apply RSI above MA window and then at MA settings you will now have the feature to "Apply to Previous Indicator's Data".
Work smarter,not harder
  • #17,724
  • May 2, 2017 2:28pm May 2, 2017 2:28pm
Quoting dbsys
{quote} I took trade a day earlier than you, I saw 21 sto and RSIOMA divergence with price, then there was half x cross to the down side, Rsioma left 80 level, but today trend resumed. I still believe that a short term retracement is near, we'll see
I would be happy too.
To enter at cheaper price.
RSIOMA at H4 is at the moment reading 99.63 at the Data window(scale 0-100),so it is pretty much overbought.
Just a slight push down and it will develop a DS.
Work smarter,not harder
  • #17,725
  • May 3, 2017 2:29am May 3, 2017 2:29am
Hi Aliens,
this is to show which is IMHO the best place to enter a DS trade.
This is a Gold H1 chart. Trend is short now. On H1 is forming a DS trade short as you see.
The early entry on the cross down of 8 with 21 Stoch. is a secure entry. If you enter here you can put a SL in profit and wait the DS to complete and maybe go to a new LL.
The entry on the cross between the DS and its signal line is a worse entry as you can see.
If the DS don't play out, with the first entry you close anyway the trade in profit, with the second you can loose money. Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD#H1.png Size: 46 KB
Per aspera ad astra
  • #17,726
  • May 3, 2017 7:33am May 3, 2017 7:33am
Quoting jpadvisor
Hi Aliens, this is to show which is IMHO the best place to enter a DS trade.
Really good info... I was losing money on some of the DS trades until I adopted this method...now it's much better. TYVM jpa!!
  • #17,727
  • May 3, 2017 7:35am May 3, 2017 7:35am
Ninjatrader:

Sorry if this was answered before and is hidden in the sea of posts: Did anybody ever put together the indicators for NT7 or 8? Am trying to round up the RSIOMA and the DDS... thanks!
  • #17,728
  • May 3, 2017 8:26am May 3, 2017 8:26am
Came across this and thought it might be quite helpful to new aliens.


Inserted Video
  • #17,729
  • May 3, 2017 8:39am May 3, 2017 8:39am
Quoting jpadvisor
Hi Aliens, this is to show which is IMHO the best place to enter a DS trade. This is a Gold H1 chart. Trend is short now. On H1 is forming a DS trade short as you see. The early entry on the cross down of 8 with 21 Stoch. is a secure entry. If you enter here you can put a SL in profit and wait the DS to complete and maybe go to a new LL. The entry on the cross between the DS and its signal line is a worse entry as you can see. If the DS don't play out, with the first entry you close anyway the trade in profit, with the second you can loose money....
To add to this as an entry, refer to my post regarding the BB bubble as a provisional target

https://www.forexfactory.com/showthr...76#post9262676

This technique is a high percentage trade, as JP says this 821X entry with a DS gives plenty of time to get the SL sorted out. If you use the pullback BB bubble as a provisional target to get a feeling for R:R at the outset, clearly the Alien system using the ADX 89/144 to let profits run get you potentially more pips than this.

By example attached is the trade JP mentions as it is now and the yellow line is the provisional target, if you enter on the 821X then you have a good trade (~50 pips), letting it run on the ADX, its at ~40 pips more

Very good R:R as very little drawdown if you wait for the grade A setup
Attached Image
  • #17,730
  • May 3, 2017 9:23am May 3, 2017 9:23am
Quoting Tetulla
Came across this and thought it might be quite helpful to new aliens. https://www.youtube.com/watch?v=OmUd...dex=36&list=WL
This is one of the best book ever written on Forex. I warmly suggest it and all books and videos by Mark Douglas.
Per aspera ad astra
  • #17,731
  • May 3, 2017 10:13am May 3, 2017 10:13am
Quoting TradeFinder
{quote} To add to this as an entry, refer to my post regarding the BB bubble as a provisional target
For exits, I like the "topping" (or bottoming) combination when all 3 Stochs are stuck to the ceiling (around 95) and then the black Stoch (8) comes down through the 90 line. If this occurs, it's often a really good exit, at the extreme. Of course, one might prefer to sit through the retrace, for other chart reasons.

Note this- the black stoch coming up through the 10 line- has not occurred yet on the current JPA trade...
Attached Image (click to enlarge)
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  • #17,732
  • May 3, 2017 10:17am May 3, 2017 10:17am
Quoting jpadvisor
{quote} This is one of the best book ever written on Forex. I warmly suggest it and all books and videos by Mark Douglas.
Ha ! I did the audiobook too... I was gonna buy on audible then found on youtube :-)
It makes you think for sure ...
  • #17,733
  • May 3, 2017 10:36am May 3, 2017 10:36am
is there a way to download this as an mp3 type file, I'd like to carry with me to listen to but not on the mobile data package?
  • #17,734
  • Edited 3:37pm May 3, 2017 2:02pm | Edited 3:37pm
Thanks JP & Tradefinder for the examples of 8/21 sto cross while DS still forming. A quick look back on charts shows that this is a powerful approach, and simple to apply. I usually wait for BBS break +ADX but that does not always seem to be necessary with the 8/21/DS combination.
  • #17,735
  • May 3, 2017 2:10pm May 3, 2017 2:10pm
Quoting TradeFinder
is there a way to download this as an mp3 type file, I'd like to carry with me to listen to but not on the mobile data package?
Trading in the zone - Mark Douglas

https://drive.google.com/open?id=0B5...m9qQWwyMGFvcTA


you might enjoy this as well


Alexander_Elder-Trading_For_a_Living
https://drive.google.com/file/d/0B5x...ew?usp=sharing
  • #17,736
  • May 3, 2017 2:11pm May 3, 2017 2:11pm
Quoting TradeFinder
is there a way to download this as an mp3 type file, I'd like to carry with me to listen to but not on the mobile data package?
Google "youtube to mp3".
Paste the link of the video and voilá.
Work smarter,not harder
  • #17,737
  • May 4, 2017 2:01am May 4, 2017 2:01am
Quoting viennasfc
{quote} For exits, I like the "topping" (or bottoming) combination when all 3 Stochs are stuck to the ceiling (around 95) and then the black Stoch (8) comes down through the 90 line. If this occurs, it's often a really good exit, at the extreme. Of course, one might prefer to sit through the retrace, for other chart reasons. Note this- the black stoch coming up through the 10 line- has not occurred yet on the current JPA trade... {image}
Stochastics have a fabulous predictive quality, when they work out (and that is an edge)

By the nature of their calculation, the achilles heal is when it keeps going and they stay OB or OS, Alien has said to assume that they will not turn so you don't get burnt. I agree with this principle BUT its hard as they so often do turn as they indicate (ie Alien hook). I can see why Alien has these in the repotiore and when used in confluence with other indicators their reliability increases, ie one example the 821X with a DS and a BBS and BB bubble target is a high probability setup on any TF

You were right on Gold not being at the bottom, I think it is now very close to a turn/pullback, the indicators are suggesting it to me and fundamentally the dollar may wobble from next week, rumours confirmed that 2 grand jury's in play about the Trump election/Russia stuff and one of them is close to completing and they tend to lead to inditements.

Not a fan of fundies but being aware of bigger stuff has helped me in the past, America is a hard read at the minute, this Trunp factor has turned it into a daily reality TV show!!!! but with some big consequences unfortunately

As always, just my thoughts, no prediction and Time Always Tells....
  • #17,738
  • May 4, 2017 2:23am May 4, 2017 2:23am
Quoting TradeFinder
{quote} To add to this as an entry, refer to my post regarding the BB bubble as a provisional target https://www.forexfactory.com/showthr...76#post9262676 This technique is a high percentage trade, as JP says this 821X entry with a DS gives plenty of time to get the SL sorted out. If you use the pullback BB bubble as a provisional target to get a feeling for R:R at the outset, clearly the Alien system using the ADX 89/144 to let profits run get you potentially more pips than this. By example attached is the trade JP mentions...
I'm still testing your finding about BB to see best usage on TFs and possible positioning of SL. When I have a good response I'll post it.
As far as Gold is concerned, the recent fall was predicted from the divergence on 8 Stoch. in the weekly chart. That was why I was short. Now you can see an Alien's hook on Weekly and a cross down of 8/21 Stoch. but this can turn up for a slingshot and XCross when meeting the 100 Stoch.
To notice also that on ADX slopes there isn't divergence in the last two picks up.
I'll post later a possible short term EWP count. Cheers my friend.
Attached Image (click to enlarge)
Click to Enlarge Name: Stoxmarket MetaTrader 4 Client Terminal.png Size: 258 KB
Per aspera ad astra
  • #17,739
  • May 4, 2017 2:37am May 4, 2017 2:37am
Quoting jpadvisor
{quote} I'm still testing your finding about BB to see best usage on TFs and possible positioning of SL. When I have a good response I'll post it. As far as Gold is concerned, the recent fall was predicted from the divergence on 8 Stoch. in the weekly chart. That was why I was short. Now you can see an Alien's hook on Weekly and a cross down of 8/21 Stoch. but this can turn up for a slingshot and XCross when meeting the 100 Stoch. To notice also that on ADX slopes there isn't divergence in the last two picks up. I'll post later a possible...
This is the EWP count I trust on.
Anyway I 'll look closely at coming French elections and a possible great surge of EU.
Attached Image (click to enlarge)
Click to Enlarge Name: gold H4.png Size: 83 KB
Per aspera ad astra
  • #17,740
  • May 4, 2017 2:39am May 4, 2017 2:39am
Quoting jpadvisor
{quote} I'm still testing your finding about BB to see best usage on TFs and possible positioning of SL. When I have a good response I'll post it. As far as Gold is concerned, the recent fall was predicted from the divergence on 8 Stoch. in the weekly chart. That was why I was short. Now you can see an Alien's hook on Weekly and a cross down of 8/21 Stoch. but this can turn up for a slingshot and XCross when meeting the 100 Stoch. To notice also that on ADX slopes there isn't divergence in the last two picks up. I'll post later a possible...
Hi JP, Cheers, look forward to your thoughts

regarding SL, one idea I've been using for a while is the ATR by TF

When a setup starts to show then using the ATR for that TF gives a value to what the candles on average travel at that time. By example i use the following
Monthly - 12 - relates to last year
Weekly - 4 - last month of activity
Daily - 20 - typically number of trading days in the month
H4 - 12 - last 3 days of activity
H1 - 24 - complete day
M15 - 32 - typically duration of session
M5 - 12 - last hour

These settings work for me and especially when related to DS, BBS and duration of BBS ie how many periods of consolidation occur. The one thing that catches this is the spikes that occur so to compensate, let the BBS breakout and price moves in DS direction away from BBS (good confirmation and may be wave 1 in your thoughts) let it come back to the BBS price area, then examine the SL placement with the ATR framework above, typically above BBS breakout candle, refre to the BB Bubble to get an initial R:R

Mix all this in with Alien indies and its a potential entry with SL/TP strategy. Once price approaches BB bubble level move to BE or move sooner if you see move failing

I'm not complete on this thinking but have been aware of these factors above for a while, also I've ignored mentioning spread in this as everyone needs to factor in what they do, its so personal its best to stay silent and leave personal to avoid the potential mushroom of opinions LOL
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