He guys isn't is better to open anther thread like "EA developing for Alien's Extraterrestrial Visual System" like FerruFx suggested? I don't want to annoy anyone's feelings but I have a bad feeling about it. Because new traders tend to follow only ...

Alien's Extraterrestrial Visual Systems

OK what is a trend? I think if you see the direction of movement in anything in the world that thing is trending. How can we humans recognize the direction of movement? it's easy. our eyes compare that moving object with its surrounding objects as ...

The Trader's Academy - by Traders for Traders

Yes Live and Demo are the same specially in Forex market whose main players are very big. if you buy or sell something as a retail trader you cannot change the direction of price even 1/100 pip. ( In 2013 it had been speculated that volume from ...

Were you one of the world's best traders trading demo?

Nice post. I read "Come into my trading room" 10 years ago. It's a masterpiece. It has a chapter called "5 bullets to a clip" and he introduces 5 indicators that is needed to be a successful trader. They are: moving averages, envelopes, MACD, MACD ...

The Trader's Academy - by Traders for Traders

Smaller time frames are the real price and what you see on the screen is the market at present time. (NOW) it is obvious that NOW or present time will build the future. The future of the higher time frames will be built by lower time frames. But ...

Alien's Extraterrestrial Visual Systems

I think both charts can be traded just the same way. We have momentum in both of them, lower highs and higher lows. that is all we need to call it a trend. I think we should ask a better question here: what is your definition of a good setup? which ...

The Trader's Academy - by Traders for Traders

Although it seems that different traders use different measures to find a trend, I believe most of the methods for finding a trend is more or less use similar concepts: 1- A trend (for example up trend) makes higher lows and you can draw a trend ...

The Trader's Academy - by Traders for Traders

Nice example. I always trade the trends. I have some rules for myself that can be useful for others too: 1- I use Fibonacci retracement and do not take the signals which are beyond 78.6. 2- I use a CCI 8 to show me whether the retracement is valid ...

The Trader's Academy - by Traders for Traders

No offense but do you know anything about money management? I mean literary. if you toss a coin and trade with 10% of your equity at risk every time, you cannot blow up your account sooner than 30-40 losses in a row. what on earth did you do in ...

james16 Chart Thread

I know it has said so many times every where but I want to say it one more time to emphasize on how important it is for new traders. Technical analysis is not just pattern recognition. there is a reason behind it. for example when a pair bangs its ...

The Trader's Academy - by Traders for Traders

I think it would be extremely difficult to put a visual system into code. However, it would be nice to have an EA with a lot of custom options to set, and also with a signal/trade switch. This way you can use it as an adviser which gives alerts and ...

Alien's Extraterrestrial Visual Systems

So far EUR/GBP +50 pips EUR/CAD +120 pips just in 1 hour both with a stop of 25 pips they ran away from the support area. Always watch your surroundings. Alien's system is a perfect system specially when combined with basic charting tools: ...

Alien's Extraterrestrial Visual Systems

some interesting pairs to watch. The signals are not confirmed but it's better to put them in your watch list. EUR/GBP H1 just hit weekly support pivot S1. Long trend up. It may be a start of a reversal. EUR/CAD H1 hit weekly S1. it is also a round ...

Alien's Extraterrestrial Visual Systems

Fantastic answers. Brief and to the point. Also by studying different pairs you can find out on which sessions and days of the week they are more likely ranging. for example EUR/GBP becomes choppy most of the time between end of the New ...

Alien's Extraterrestrial Visual Systems

Nice question.In this example everything is good for a buy except m15. If you look at the chart that I posted before, M15 Rsioma was still below 50 line. that's why I called it an early buy signal. But after that m5 and m1 failed to continue rising ...

Alien's Extraterrestrial Visual Systems

NZD/USD sell signal. waiting for it to break last Friday's low. image

Alien's Extraterrestrial Visual Systems

USD/CHF an early buy signal. you can take it now or wait for a possible 3rd wave when 15M Rsioma is above 50. image

Alien's Extraterrestrial Visual Systems

I avoid trading this pair for now. wait for H4 Rsioma to come down to 50 line and cross it. Any buy is a very risky signal to take. In daily there is a bottoming of stochastics which can be interpreted as a reversal signal. I am a conservative type ...

Alien's Extraterrestrial Visual Systems

First of all it is not my system. It is Alien's system. I'm just using it. Now your questions: 1. A good retracement usually should move below 50 then comes back. but I prefer anything between 60-40. Remember that Rsioma is after all like RSI ...

Alien's Extraterrestrial Visual Systems

Nicely done! that's exactly what I mean.

Alien's Extraterrestrial Visual Systems