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Alien's Extraterrestrial Visual Systems

  • #17,741
  • Edited 3:30am May 4, 2017 3:04am | Edited 3:30am
Quoting jpadvisor
{quote} This is the EWP count I trust on. Anyway I 'll look closely at coming French elections and a possible great surge of EU. {image}
I find this fascinating, I have never got on with Elliot Wave, my simple mind loses the wave counts

Just doing some quick analysis on H4 to match your thoughts, from where we are now at 1235.32, I can see

low of 1225.94 - your (a)
move up to 1260.85 - 1274.18 - your (b)
move down to 1175.80 - 1169.47 - your (c)

Edit : oops missed your level you say is the invalidation of (b), from my analysis I see 1330.66 - yours is 1332.67. I have filed this analysis (note to self - Onedrive/pictures/screenshots/2017-05-04..) and it will be very interesting to see if we are close to any of these future levels.....


My analysis is based on a totally different method than EWP but interesting that the numbers are relatively close. Assuming any of this works out and we won't know for a few weeks.

This market mapping analysis is a derivative using Alien principles, very early days and way too immature to put on the thread, maybe at the end of this year if it proves reliable
  • #17,742
  • May 4, 2017 7:46am May 4, 2017 7:46am
Quoting Tetulla
{quote} 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
Thank you
  • #17,743
  • May 4, 2017 9:34am May 4, 2017 9:34am
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?

www.ssyoutube.com/xxx/xxxx

type any youtube url with SS then you will redirect automatically to save.net site. there is lot of formats to download
  • #17,744
  • May 4, 2017 11:12am May 4, 2017 11:12am
Quoting TradeFinder
{quote} 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). ...
And master also pointed out that ADX can tell you if it is likely to be reversal or continuation when stos top or bottom. It seems to me from my experience so far that strong ADX pretty much trumps every other indi.
  • #17,745
  • May 4, 2017 11:16am May 4, 2017 11:16am
Quoting TradeFinder
{quote} This market mapping analysis is a derivative using Alien principles, very early days and way too immature to put on the thread, maybe at the end of this year if it proves reliable
Please do continue to share your thoughts - like you I cannot get on with EWP and I am also interested in the mysteries of the Bollingers. Presumably you are familiar with the BB duplication concept?
  • #17,746
  • May 4, 2017 12:16pm May 4, 2017 12:16pm
Quoting us fantasy
{quote} www.ssyoutube.com/xxx/xxxx type any youtube url with SS then you will redirect automatically to save.net site. there is lot of formats to download
Thank you
  • #17,747
  • Edited 1:20pm May 4, 2017 1:10pm | Edited 1:20pm
Quoting Zimbinga
{quote} And master also pointed out that ADX can tell you if it is likely to be reversal or continuation when stos top or bottom. It seems to me from my experience so far that strong ADX pretty much trumps every other indi.
Yes ADX does give a lot of comfort that things are moving

Some useful observations I gleaned when i used the globalcrosshairs indicator that Marco shared, you can find it in the paperclip

Set up your charts so you have the TF's say Week down to M5, just like Alien, then use either the normal analogue ADX view or for this exercise the Nihilist ADX histogram indicator setup for each of the settings. Then using the crosshairs, scroll the charts with the F12 single stepping. Initially have the master crosshair on your lowest timeframe and watch the relationship of the indicators as each bar passes. I have done this for many pairs and its best done with no internet so updates do not happen. It takes time but really examine the bars as they move forward to see how things ebb and flow and importantly how they line up to get in a trade and also when they are not lined up and you need to sit on your hands

This really helps me see some of the MTF relationships, ie the waves within waves Alien spoke about, when you do this in context of the RSIOMA and DS setups with BBS with 821X and the ADX it all starts to hang together. See the Sto's realte to each other across Tf's and also how the Sto's slingshot realtes to the RSIOMA/DS setups on other TF's

When i write this stuff down, i have to say again hats off to Alien for working some of these things out, it really is helping me suppress my demons, ie patience, when to wait and staying in the trades

Pick scenarios of setups on the lowest TF's and see how they succeed when the higher TF's step through their bars, then go for a middle TF setup and look up and down the TF's and finally go for a higher TF and see how the drawdown happens and can be mitigated by using MTF.

In regard the ADX, this approach gives a very good insight into how it builds in the waves and how it propogates up and down the TF's, it looks alive as price moves. What i found interesting is at the price turns, do what i have explained and explore the past turns big and small ones and see what the ADX does and how it behaves, its another clue in your armoury. It surprised me when I saw it behave at these turns, helped update/develop my thinking further

PS - It is this technique that made me think about a derivative of Aliens teachings to do forward looking market mapping, which I'm trialling, its giving me direction, magnitude (targets and turns) and a framework for timing, which is a real headbanger to keep updated at the moment. This last aspect is a side project as its likely to be "fools gold" to think you can know when in the future price will be at a level based on past information, but who knows, I've seen enough to keep me interested to explore at this time

As per my post this is early day workings and subject to a lot more work before putting it into the forum. It may also come to nothing, only time will tell

I'll stop for now as its not the day to day information and will confuse any newcomers to the system. In the fullness of time after testing i will share any useful output
  • #17,748
  • May 4, 2017 1:58pm May 4, 2017 1:58pm
Quoting Zimbinga
{quote} Please do continue to share your thoughts - like you I cannot get on with EWP and I am also interested in the mysteries of the Bollingers. Presumably you are familiar with the BB duplication concept?
Hi

No I have not come across this concept, do you have any pointers, explanation or links to read through?
  • #17,749
  • May 4, 2017 3:24pm May 4, 2017 3:24pm
Quoting TradeFinder
{quote} Hi No I have not come across this concept, do you have any pointers, explanation or links to read through?
Yes - I send you a PM so as not to bog down the thread
  • #17,750
  • May 4, 2017 3:31pm May 4, 2017 3:31pm
GN
Entry at London Open for 113 pips because price was unable to reach a new high.
At H4 was already there hidden divergence at 21 sto.
And then H1 formed bullish divergence for a double confirmation of direction to be taken.
Simple,effective and powerful!
Attached Image (click to enlarge)
Click to Enlarge Name: GN.PNG Size: 121 KB
Work smarter,not harder
  • #17,751
  • May 4, 2017 3:36pm May 4, 2017 3:36pm
Great to see the thread buzzing again! May the Fourth be with all Aliens!
  • #17,752
  • May 4, 2017 3:40pm May 4, 2017 3:40pm
EC
Half way to Fibonacci Expansion 161.8
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADmicroDaily.png Size: 109 KB
Work smarter,not harder
  • #17,753
  • May 5, 2017 1:48am May 5, 2017 1:48am
Quoting TradeFinder
{quote} I find this fascinating, I have never got on with Elliot Wave, my simple mind loses the wave counts Just doing some quick analysis on H4 to match your thoughts, from where we are now at 1235.32, I can see low of 1225.94 - your (a) move up to 1260.85 - 1274.18 - your (b) move down to 1175.80 - 1169.47 - your (c) Edit : oops missed your level you say is the invalidation of (b), from my analysis I see 1330.66 - yours is 1332.67. I have filed this analysis (note to self - Onedrive/pictures/screenshots/2017-05-04..) and it will be very interesting...
EWP right counting is very difficult. The picture posted was not mine but from a friend who is very keen on it.
I agree about your thinking that with Alien is easier to count waves and subwaves (in higher TFs) because of the HA candles and other indies but this requires also time and skills.
Let me know about your ideas on the subject.
Per aspera ad astra
  • #17,754
  • May 5, 2017 3:09am May 5, 2017 3:09am
Quoting jpadvisor
{quote} EWP right counting is very difficult. The picture posted was not mine but from a friend who is very keen on it. I agree about your thinking that with Alien is easier to count waves and subwaves (in higher TFs) because of the HA candles and other indies but this requires also time and skills. Let me know about your ideas on the subject.
Hi JP

If its Ok, can we let this run for a while, I've posted (as a test) what I can analyse as potential target levels, just like an EWP chart projection. Let them play out, if totally wrong then nothing to say, if close then I plan to keep working and testing before sharing anything through the thread. I have total respect for Alien and all the contributors to keep this thread as clean as possible so the strategy remains consistent and each of our "making it personal" as Alien said many times doesn't start confusing people.

The bits i have shared thus far I trust are in line with Aliens teachings and utilise the systems elements a step further without introducing any distractions

Kind regards
  • #17,755
  • May 5, 2017 7:21am May 5, 2017 7:21am
Quoting marcof91
GN Entry at London Open for 113 pips because price was unable to reach a new high. At H4 was already there hidden divergence at 21 sto. And then H1 formed bullish divergence for a double confirmation of direction to be taken. Simple,effective and powerful! {image}
Thanks. What was your actual entry trigger? The 8 xing the 21 as well as the RSIOMA going into 80 seem to have occurred before you entered?
  • #17,756
  • May 5, 2017 11:13am May 5, 2017 11:13am
Quoting viennasfc
{quote} Thanks. What was your actual entry trigger? The 8 xing the 21 as well as the RSIOMA going into 80 seem to have occurred before you entered?
London open matches with my wake up hour.
The signal occurred when i was asleep.
Work smarter,not harder
  • #17,757
  • May 5, 2017 1:45pm May 5, 2017 1:45pm
Quoting jpadvisor
{quote} EWP right counting is very difficult. The picture posted was not mine but from a friend who is very keen on it. I agree about your thinking that with Alien is easier to count waves and subwaves (in higher TFs) because of the HA candles and other indies but this requires also time and skills. Let me know about your ideas on the subject.
Dear JP,
How important do you think the EW count is for master's system?

1. Must
2. Good to have
3. Not that important ( as in you can be profitable with out it)

Do you faithfully look at the wave count form the trusted source before you trade?

After much research, I started studying the following book --> Mastering Elliott Wave: Presenting the Neely Method: The First Scientific, Objective Approach to Market Forecasting with the Elliott Wave Theory

It is a lot of work though. I am not sure if I should spend that much time on it.

Please share your thoughts.
Thanks!

Cheers!
  • #17,758
  • May 5, 2017 4:56pm May 5, 2017 4:56pm
Quoting marcof91
GN Entry at London Open for 113 pips because price was unable to reach a new high. At H4 was already there hidden divergence at 21 sto. And then H1 formed bullish divergence for a double confirmation of direction to be taken. Simple,effective and powerful! {image}
Thanks for putting this trade up Marco, I keep forgetting to look for divergences! I still have quite a way to go to fully utilize this fantastic system to its fullest potential. But that's okay, even with my limited knowledge I am already seeing rewards beyond my expectations.

This week I tried concentrating on the higher time frames as I have seen you do many times in the past and master has mentioned for collecting big pips.

These were some of this weeks winning trades:

EURAUD H4 long 190 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.png Size: 160 KB


GBPAUD H4 2 long positions opened. Closed one lot at 117 pips and SL hit second one at 192 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.png Size: 162 KB


AUDCHF H4 short 120 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF.png Size: 157 KB



Thanks to Master Alien I am finally seeing the light when it comes to forex trading!

I can't wait to see what happens in the coming months as I more fully understand and am able to utilize the maximum power of this wonderful system.

Cheers to all!
  • #17,759
  • May 5, 2017 5:46pm May 5, 2017 5:46pm
Quoting viennasfc
The template requires the windowshades indicator and the streamlined ForexKebab Indicators/ see paperclip. {image} {file}
Hi viennasfc, do you mind pointing me to the post? I am having trouble locating the indicators you mentioned. Thank you.
  • #17,760
  • May 6, 2017 9:01am May 6, 2017 9:01am
Hi

Could i canvas peoples opinion regarding what are the factors they consider that grades each of the following setups that are mentioned, Grades A through C have been mentioned but the considerations made on the trade entry seems to vary depending on the contributor

DS Trade
Slingshot
XCross
ADX
Alien Hook

The thread has many conversations on this and now Aliens teachings have been traded for a good time now, maybe it would help us all if we consolidate a list of the factors and it could become a one page crib sheet for all. If you have any other setups named, please add to the list.
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