Cagliostro wrote: Wed Aug 28, 2024 3:39 am Pay attention to the black levels, when price fails to conquer one of them, usually starts running away in the opposite direction, like in the entry you showed.

verthigo wrote: Wed Aug 28, 2024 6:22 pm Thanks for the advice, I saw that it bounced and used it as a confluence. But I don't know if I should use the 5M ones or only the higher TF ones

Asante wrote: Wed Aug 28, 2024 8:47 pm Hi Cagliostro,

I wanted to ask how would you generally exit a trade, at the opposite Sema or do you use a prescribed RR?

Cagliostro wrote: Tue Aug 27, 2024 5:58 am ALKEMIX TRADING SYSTEM 3.0


Hello fellow traders - here is the latest version of the Alkemix, the 3.0, ready for a strong september come back. I am still testing the momentum oscillator, not sure 100% as substitution of the beloved RSIOMA, but let's start with this configuration. I am having very good trades and the overall machine is getting better and better. Feel free to share feeback and criticism!

RULES STAY THE SAME - trade in direction of the zigzag, and follow confluences.

Major changes:

1 - TMS Oscillator, this is a version I reworked early this year but started to test only in summer. Trade when the dot, the histo and the MA are all in agreement (i.e. for a long the histo must be white, the ma must be crossing upwards or being already above zero, and the dot must be blue), in any case there is a lovely arrow that works good as a signal of PA leaving a consolidation zone.

2 - Black Levels, these levels are a version of FVG on steroids, as they indicate inefficiences in price action and work as strong magnets for it. PA moves from one level to the next one, simply as that. If you don't see a level waiting for your PA change timeframe and you will find it for sure.

3 - Regularized EMA 200, it gives the overall BIAS of the timeframe. Longs taken above it and Shorts taken below it have a stronger chance to be succesful.

4 - Xard 65m Light, I use here a ligher version of XU65m, as the system leverages only the zigzag as trend identification. It makes the overall system less chunky and usable even on medium power laptops. I'd be eternally grateful to Xard for this gift, the accuracy of the zigzag is the best.

5 - Extended TF. The system now is fine tuned to trade on 1M, 5M,15M and 30M time frames.

The system should be really easy to navigate and use, but feel free to reach me directly for any doubt.

Wish you infinite abudance. Get rich!

+C+

immagine_2024-08-26_215333639.png

Cagliostro wrote: Wed Aug 28, 2024 10:35 pm Here an example of exiting when on higher TF (I trade on 5M and use 30M as BIAS), there is a contrarian black level force, together with a contrarian sema. Probably EU will go further down during NY but this is a very clean exit, if price action go beyon the supporting levels I will re-enter on a pullback.

Great trade on EU today!

immagine_2024-08-28_143356042.png

Asante wrote: Thu Aug 29, 2024 3:53 am Thank you very much for your detailed explanation.

I also wanted to find out if if you trade from star to star in the HTF or do you look at overall PA?, and thank you very much for a wonderful system.