Current Open Positions
Alexander Elder's Channel 4 replies
Elder-Rays 3 replies
Substitute for screen time? 4 replies
DislikedI see. Just a friendly suggestion. If you split that up into maybe 3 positions per trade and trade 0.2 lots per position you could get a better entry price should price move against you in the short term.Ignored
DislikedEUR/JPY looks like it may be hitting "over bought" territory on the H1 time frame again fairly soon. If anybody is looking to scale in another position it may be a good time to do so. This is why I normally open up 4 positions for each pair at different times. For example, let's say I have two EUR/JPY positions in profit by 100-150 pips and we have this retrace today showing H1 as over bought. I could add in 2 more sell positions to keep my overall trade moving in profit with the trend as price keeps moving in my favor. This is also why I like...Ignored
DislikedHi 100PipsADay, According to Dr. Alexander Elder, "Third Screen Strategy" should be observed 3 time frame to consider a position. Here we just observe 2 screen Daily and Hourly. What about another screen? I think there is a role of 4 Hour Chart. Would you please describe the fact?Ignored
Dislikedi went long eurusd today, at 12817. position still running. will reassess in the morning and close it if necessary. my audcad short seems to be reversing back up. so presently losing. will wait and see. gbpjpy short opened on 28 march currently in profit. when you scale in, where do you set your stop loss for each position ? or is it that the total stop loss of all positions must add up to 280 starting from the 1st opened position ?Ignored
DislikedAll CLOSED positions since March 18, 2013 Total Profit in Pips: 1,671 Floating Profit in Pips: 2,000+ {image}Ignored
DislikedHi 100PipsADay Great job.I got a short position on AUDJPY at 98.56 on March 27.Now when PA closed blew ema50 on the Daily chart.I will get another short position. What do you think about AUDJPY? Best Regards. Fishcoo {image} {image}Ignored
Dislikedi went long eurusd today, at 12817. position still running. will reassess in the morning and close it if necessary. my audcad short seems to be reversing back up. so presently losing. will wait and see. gbpjpy short opened on 28 march currently in profit. when you scale in, where do you set your stop loss for each position ? or is it that the total stop loss of all positions must add up to 280 starting from the 1st opened position ?Ignored