DislikedHi 100Pips,
Many thanks for your description of the triple screen trading strategy.
As a noob I began researching simple strategies that utilized only one indicator alongside EMA. They seemed to work okay but my dilemma was that I didn't have enough confidence entering the trade with analysis from just one indicator and a few support/resistance lines. It was when I began looking into trading systems that utilized a few indicators to reveal an overall meaningful picture, that I discovered Elder's Triple Screen Strategy.
The following...Ignored
You're very welcome and thank you for the response. I definitely agree with the first part of your post in regards to using more than one indicator before entering a trade. On the contrary, having too many indicators can cause confusion which is why I typically stick to my MACD and Williams % indicators along with Auto Pivot Indicator. Another thing that I make sure to do is plot out major support and resistance "zones" on the monthly / weekly charts so I can get a better idea of where price may stop and reverse.
If you're interested I was thinking about posting charts whenever I open a trade to show how and why I opened a particular trade. I'll probably post 2 charts for each trade:
1) D1 using MACD showing overall trend
2) H1 using Williams % for entry point.
I'll also post SL & TP parameters so that others can follow this strategy real time.
As far as FXCM Web Trader goes I really don't have much knowledge as I solely use MT4 platform for my trades. I also use FXCM as I prefer the safety provided by a reputable broker with a long standing record so you are definitely in good hands in that regard.
With that being said, I wish you the best of luck and be sure to trade safe. Let me know if you have any questions and I'll do my best to answer them.
Regards,
100PipsADay