Alien's Extraterrestrial Visual Systems | Page 897 | Forex Factory

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Alien's Extraterrestrial Visual Systems

  • #17,921
  • Jun 2, 2017 9:44am Jun 2, 2017 9:44am
Quoting emonts
{quote} Here it is. {file} BR

wonderful template. But tell me sir, how i can change symbols in it.
  • #17,922
  • Jun 2, 2017 12:51pm Jun 2, 2017 12:51pm
Quoting viennasfc
{quote} Trying to understand your way of thinking here....I see the BBS, but when you posted this, the RSIOMA was not below 20, just below 50: do you still trade these as valid DS setups? {image}
Yes.
When the market is swinging up and down,you will not see a perfect DS setup.
Exactly the last candle of your screenshot the RSIOMA started to go down and i thought that would move in that direction.
Instead,i learned my lesson once again to not counter trend.
Work smarter,not harder
  • #17,923
  • Jun 2, 2017 1:20pm Jun 2, 2017 1:20pm
Quoting marcof91
{quote} Nope. It went long.
It validated the H4 stos though.
  • #17,924
  • Jun 2, 2017 3:26pm Jun 2, 2017 3:26pm
Quoting Zimbinga
{quote} It validated the H4 stos though.
Sent you PM, thanks.
  • #17,925
  • Jun 2, 2017 3:45pm Jun 2, 2017 3:45pm
Quoting forexalien
{quote} This takes place on all TF's, the H4 is great to follow and normally a DS trade or a X CROSS trade, rubberband trade is ready to change over................... {image}
Bringing back some Alien wisdom buried here.
  • #17,926
  • Jun 2, 2017 7:03pm Jun 2, 2017 7:03pm
Quoting Zimbinga
Took the break short of H1 BBS on USD/TRY. Will see if the Daily DS can take it further into the green. {image}
This was one hell of a nice call!
How do you trail your stop on this ? It seems the ADX 144 (and the 89) would have already taken you out/ hope you are still in...that is one of the harder things to figure out for me.
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  • #17,927
  • Edited 2:34am Jun 3, 2017 2:19am | Edited 2:34am
Yes I am still in because the higher TFs suggested a good move - H4 ADX 89& 144 are still hot and a nice compression on daily ADX, together will Daily DS which was forming when I entered and continuing to play out. Although I like to lock in pips fairly early, the problem with trailing a stop is you can get taken out on a retrace, then the move continues. If news had gone against me I would have lost a lot of profit though.

As mentioned before I use the Ichimoku lines to trail sometimes - as the move gets bigger I can shift up the timeframes for this purpose. Also the mid line of the Bollingers can be useful. The alternative is to take profit after the end of each leg of the move then re-enter after the pull back.


I have not yet found a formulaic solution to this. Alien used to trail so 50% is locked in if I remember his posts correctly. He also used to take profit and re-enter using the stos - he did a post somewhere showing that. Please post if you come up with some good strategies about this.
  • #17,928
  • Jun 3, 2017 3:41am Jun 3, 2017 3:41am
Quoting marcof91
{quote} Yes. When the market is swinging up and down,you will not see a perfect DS setup. Exactly the last candle of your screenshot the RSIOMA started to go down and i thought that would move in that direction. Instead,i learned my lesson once again to not counter trend.
"I have found that it almost seems to be human nature to want to trade against the trend"
http://www.learntotradethemarket.com...y-your-account
Per aspera ad astra
  • #17,929
  • Jun 3, 2017 4:10am Jun 3, 2017 4:10am
Quoting jpadvisor
{quote} "I have found that it almost seems to be human nature to want to trade against the trend" http://www.learntotradethemarket.com...y-your-account
That's what my monkey brain does sometimes.
Me thinking: "Looks like H1 is topping and at M15 is there bearish divergence. Let's short for now."
Although can work sometimes for some pips,generally i screw myself.
And in the mean time,was just creating a slingshot at higher tf.
Work smarter,not harder
  • #17,930
  • Jun 3, 2017 6:04am Jun 3, 2017 6:04am
Quoting marcof91
{quote} That's what my monkey brain does sometimes. Me thinking: "Looks like H1 is topping and at M15 is there bearish divergence. Let's short for now." Although can work sometimes for some pips,generally i screw myself. And in the mean time,was just creating a slingshot at higher tf.
There's nothing more painful than thinking you're being super smart with a trade and then being eaten alive by the market.
You look back and think WTF was I thinking! ... Everything's easy with hindsight. It's nice to hear the pros of the thread sometimes screw up too ...
  • #17,931
  • Jun 3, 2017 6:23am Jun 3, 2017 6:23am
Quoting Sparkoz
{quote} There's nothing more painful than thinking you're being super smart with a trade and then being eaten alive by the market. You look back and think WTF was I thinking! ... Everything's easy with hindsight. It's nice to hear the pros of the thread sometimes screw up too ...
You triggered my mind with that post about bitcoin.
I was well aware at that time (2010) when bitcoin born and thinking it will go nowhere.
Completely wrong.
Thanks to you,you motivated me to invest in cryptocurrencies.
I already invested in 4 altcoins and i'm planning to invest more in the next month in others.
We got to take a chance now while they are cheap.
But it's a little of mind-breaker to set up wallets,adresses and that stuff.
Work smarter,not harder
  • #17,932
  • Jun 3, 2017 7:12am Jun 3, 2017 7:12am
Quoting marcof91
{quote} You triggered my mind with that post about bitcoin. I was well aware at that time (2010) when bitcoin born and thinking it will go nowhere. Completely wrong. Thanks to you,you motivated me to invest in cryptocurrencies. I already invested in 4 altcoins and i'm planning to invest more in the next month in others. We got to take a chance now while they are cheap. But it's a little of mind-breaker to set up wallets,adresses and that stuff.
There are so many now. It's quite hard to research in a way.....

This is just a sample:

Alt coins : Etherium, maidsafe, factom, ripple, dash, litecoin, dodgecoin, peercoin, primecoin, nxt, namecoin, monero ....


Only the strong will survive so Bitcoin, Etherium ... and erm.....
I would have to do more research ....
  • #17,933
  • Jun 3, 2017 7:41am Jun 3, 2017 7:41am
Quoting Zimbinga
{quote} It validated the H4 stos though.
In front of NFP, indicators are useless. Just anything can happen regardless of trending or not trending... Better avoid it.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #17,934
  • Jun 3, 2017 10:34am Jun 3, 2017 10:34am
Quoting heispark
{quote} In front of NFP, indicators are useless. Just anything can happen regardless of trending or not trending... Better avoid it.
Yes I am aware that is true, was simply making the observation.
  • #17,935
  • Jun 4, 2017 11:14am Jun 4, 2017 11:14am
Quoting Zimbinga
Please post if you come up with some good strategies about this.
Regarding trail stops, trailing with a stop a few pips above swing highs (for a short) seems to be about as good as other methods. I only count a swing high once a lower low is created after it. (In this case, it would have stopped you out of the trade early though).
I think the (loose) 50% stop of Mr. Alien works well if you have good targets, so in most cases the target takes you out. One method that seems to give good targets more often than not is the 100% fib expansion, see below.
Am not really sure how Mr. A actually trades: I have seen some posts where he advocates to stay in until the turn of the 89/144 ADX, and others where he says he takes profits at targets (20 pips), even on swing trades... will dig for the posts.
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  • #17,936
  • Jun 5, 2017 4:06am Jun 5, 2017 4:06am
Hi Aliens, here are the weekly trade ideas by N. Fuller. To your success.
http://www.learntotradethemarket.com...th-to-9th-2017
Per aspera ad astra
  • #17,937
  • Jun 5, 2017 8:08am Jun 5, 2017 8:08am
If i want to rearrange stochastics and adx windows, then how i will be able to do that?
  • #17,938
  • Jun 5, 2017 11:39am Jun 5, 2017 11:39am
Quoting Kammgcni
If i want to rearrange stochastics and adx windows, then how i will be able to do that?
You have to reload the indicators from scratch, in the order you want. That's what I did.
  • #17,939
  • Jun 6, 2017 6:52am Jun 6, 2017 6:52am
Here is a good example of how not following rules/ trying to lock in profits can cost money:
This was a perfect H1 DS short setup, actually the only setup out of 24 markets I saw last night. I entered from the BBS Breakout of the M15. Stop was only 15 pips or so. Took profits at 31 pips (randomly), even though all signs were still down. Setting a stop above last swing high and waiting for the 100% Fib Expansion would have been better, over 100 pips.
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  • #17,940
  • Jun 6, 2017 10:06am Jun 6, 2017 10:06am
Quoting marcof91
I'm on long term sell on USD/JPY. Let's see how plays out...
Ahah look at that.
Feels good to be right AND making money with it.
Work smarter,not harder
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