Attachments: Alien's Extraterrestrial Visual Systems

Alien's Extraterrestrial Visual Systems

#17,941
Jun 6, 2017 10:25am Jun 6, 2017 10:25am

dbsys
| Joined Jun 2009 | Status: Trader | 179 Posts | Online Now

Quoting marcof91

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{quote} Ahah look at that. Feels good to be right AND making money with it.

Ignored

marco, what's your target?
I'm too in this trade and i think it can go to 108 area, it's H4 fib expansion 100 level.

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#17,942
Jun 6, 2017 11:00am Jun 6, 2017 11:00am

marcof91
Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts

Quoting dbsys

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{quote} marco, what's your target? I'm too in this trade and i think it can go to 108 area, it's H4 fib expansion 100 level. {image}

Ignored

Exactly right there at 108 area.
Same approach as you.

Work smarter,not harder

#17,943
Jun 6, 2017 1:05pm Jun 6, 2017 1:05pm

Zimbinga
Joined Sep 2013 | Status: Trader | 733 Posts

Quoting viennasfc

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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. {image}

Ignored

Great entry. As to staying the trade, ADX rules would have served you well too, either M15 or H1

#17,944
Jun 6, 2017 1:55pm Jun 6, 2017 1:55pm

viennasfc
| Joined Jan 2017 | Status: Trader | 95 Posts

Quoting Zimbinga

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{quote} Great entry. As to staying the trade, ADX rules would have served you well too, either M15 or H1

Ignored

Agree...thank you for pointing out another 2 reasons why I should not have done what I did

Entries are getting clearer, Exits need more work.

#17,945
Jun 6, 2017 2:09pm Jun 6, 2017 2:09pm

viennasfc
| Joined Jan 2017 | Status: Trader | 95 Posts

Quoting Zimbinga

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{quote}As to staying the trade,...

Ignored

Basically, this goes back to the trailing stop issue. I trade EST, so the entry set up around 8PM I think, then I walked away for an hour or so and when I came back it was up 20 pips, then 30. Then the question became: do I now move the stop/set a trail stop and let the market run overnight?

That stop shouldn't be too tight, so: do I now risk giving back 15 pips with the potential of a big win or do I take the 30 pips profit....judgement call. The solution seems to be to train to become more comfortable with the idea of giving back profits (dealing with what Mark Douglas' calls the "fear of giving back" seems to be at the core).

#17,946
Jun 6, 2017 3:08pm Jun 6, 2017 3:08pm

Zimbinga
Joined Sep 2013 | Status: Trader | 733 Posts

I'm still working this out for myself too. As you gain experience, you will get better at predicting the likely size of a move from positions of RSIOMA & Stos on MTFs. Alien did this a lot. Ebitalebi method takes the stress out of it because he used to exit when M5 ADX switch off, which is a responsive timeframe. He was not staying in positions for more than a few hours though and to do that method you need to be at the screen all the time - pros & cons to every approach.

#17,947
Jun 7, 2017 3:43am Jun 7, 2017 3:43am

Szpons
| Joined Jun 2014 | Status: Trader | 241 Posts

London Open scalping based on CSM.

AUD and JPY getting stronger (H1, H4, M15) and at the same time USD, GBP, EUR on the weak side.
I picked AUD pairs with nice BBS-ing on 15min and better Stoch and RISOMA situation.

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#17,948
Jun 7, 2017 8:26am Jun 7, 2017 8:26am

viennasfc
| Joined Jan 2017 | Status: Trader | 95 Posts

Re: targets
At least for 5 min scalps, I quite like the 100% fib expansion as a target...gave a nice exit this morning. I have seen it reverse there within a couple of ticks sometimes... is often a better exit than waiting for the ADX 144 to turn.
Longer term trades are another matter, of course...

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#17,949
Jun 7, 2017 9:25am Jun 7, 2017 9:25am

Kammgcni
| Joined Aug 2013 | Status: Trader | 206 Posts

How much significance of RSIOMA just crossing 50 level and * sto above 80 same time. Can we take chance to go long at that time? Please guide.

#17,950
Jun 7, 2017 10:07am Jun 7, 2017 10:07am

jpadvisor
Joined Jul 2013 | Status: Trader | 2,603 Posts

Little Aliens growing.

Attached Image

Per aspera ad astra

#17,951
Jun 7, 2017 11:39am Jun 7, 2017 11:39am

olvus
| Joined Sep 2014 | Status: Trader | 150 Posts

Quoting viennasfc

Disliked

Re: targets At least for 5 min scalps, I quite like the 100% fib expansion as a target...gave a nice exit this morning. I have seen it reverse there within a couple of ticks sometimes... is often a better exit than waiting for the ADX 144 to turn. Longer term trades are another matter, of course... {image}

Ignored

Great looking template, viennasfc, easy for eyes. Can you share?

#17,952
Jun 7, 2017 12:25pm Jun 7, 2017 12:25pm

nadiyakinare
Joined Dec 2014 | Status: Free Member | 366 Posts

Quoting jpadvisor

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Little Aliens growing. {image}

Ignored

Matured one travelling with light speed...

In the court of lord, only love and devotion is counted...

#17,953
Jun 7, 2017 1:27pm Jun 7, 2017 1:27pm

viennasfc
| Joined Jan 2017 | Status: Trader | 95 Posts

Quoting olvus

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{quote} Great looking template, viennasfc, easy for eyes. Can you share?

Ignored

Ty, see PM

#17,954
Jun 7, 2017 1:46pm Jun 7, 2017 1:46pm

fxlocator
| Joined Jun 2016 | Status: Trader | 91 Posts

Quoting dbsys

Disliked

{quote} marco, what's your target? I'm too in this trade and i think it can go to 108 area, it's H4 fib expansion 100 level. {image}

Ignored

Yes, I think USDJPY will retest the previous low at 108 area - it is in a daily correction
I missed it and waiting for the low to be hit and trade the up move

#17,955
Jun 7, 2017 1:52pm Jun 7, 2017 1:52pm

fxlocator
| Joined Jun 2016 | Status: Trader | 91 Posts

Quoting fxlocator

Disliked

{quote} GBP pairs showing downside as expected already 400+ pips in GBPJPY - closed and waiting for a retracement i think when GBPUSD breaks to the downside all GBP pairs will gain momentum to the downside while upside for EURGBP. green pips always

Ignored

GBP pairs updates

GBPUSD closed at 250 pips
looks like GBPUSD correction is over - looking for a sell for the next wave down

GBPNZD close total 1000 pips - waiting for correction for next move down

GBPJPY - closed total 600 pips
now in the buy at 150+ pips and floating - expecting a break and more up move

GBPCAD closed the sell at total 600 pips

GBPCHF closed the sell at 600+ pips - currently in a big correction and looking for sell to test the low on D1

EURGBP closed at 300+ pips and waiting for the correction to complete to enter another buy to the daily top to target 0.88474 - then trade the reversal

#17,956
Jun 7, 2017 2:58pm Jun 7, 2017 2:58pm

viennasfc
| Joined Jan 2017 | Status: Trader | 95 Posts

Quoting fxlocator

Disliked

{quote} GBP pairs updates GBPUSD closed at 250 pips looks like GBPUSD correction is over - looking for a sell for the next wave down GBPNZD close total 1000 pips - waiting for correction for next move down GBPJPY - closed total 600 pips now in the buy at 150+ pips and floating - expecting a break and more up move GBPCAD closed the sell at total 600 pips GBPCHF closed the sell at 600+ pips - currently in a big correction and looking for sell to test the low on D1 EURGBP closed at 300+ pips and waiting for the correction to complete to enter another...

Ignored

Wow, these are some nice pip numbers- congratulations!
Can you qualify what the specific entries were (such as "H4 DSD on 06-01" or whatever) ? Am trying to correlate Entry timeframe to hold times etc...Apologies if you did post them before, if yes perhaps you can point me to one of these posts, thx.

#17,957
Jun 7, 2017 3:24pm Jun 7, 2017 3:24pm

blueman
| Joined Jan 2010 | Status: Trader | 181 Posts

Quoting viennasfc

Disliked

Re: targets At least for 5 min scalps, I quite like the 100% fib expansion as a target...gave a nice exit this morning. I have seen it reverse there within a couple of ticks sometimes... is often a better exit than waiting for the ADX 144 to turn. Longer term trades are another matter, of course... {image}

Ignored

Hi Viennasfc, could you share your nice template and indicators? thanks and happy trading

#17,958
Jun 7, 2017 5:37pm Jun 7, 2017 5:37pm

sdao85
| Joined Dec 2015 | Status: Trader | 8 Posts

So What happens when they're all in a bbs mode? Like EURCHF from 15 all the way to D, they're all in BBS, which is weird. Any insight would greatly be appreciated.

#17,959
Jun 7, 2017 6:36pm Jun 7, 2017 6:36pm

jpadvisor
Joined Jul 2013 | Status: Trader | 2,603 Posts

Quoting sdao85

Disliked

So What happens when they're all in a bbs mode? Like EURCHF from 15 all the way to D, they're all in BBS, which is weird. Any insight would greatly be appreciated.

Ignored

A great move is in sight. This is the meaning according to our system. Follow the direction of the break in MTF from 5M because the shorter drives the highers.