Disliked{quote} Nice overview and summary - nothing much to add from my chart review. AUD and NZD pairs looking to reverse across the board. JPY are looking to continue. GU and EU also looking to continue. {image}Ignored
Third Screen Strategy - Dr. Alexander Elder
- #1,622
- Jun 17, 2013 4:31am Jun 17, 2013 4:31am
- Joined Jul 2011 | Status: Gold Again | 10,698 Posts
{quote} hi guys, could someone give the ex4 file about the graph it seems good for D1 periods
First post and already asking for handout: welcome to FF
exe4 for graph? got me?
Do you mean Template by any chance?
MAY THE TREND BE WITH YOU
- #1,624
- Jun 17, 2013 5:32am Jun 17, 2013 5:32am
Having clowned around for years thinking like most mugs that it was easy to make money on forex, I am glad to have come across this thread and its companion. First and foremost, I spent the whole weekend reading through every post in both threads and all of the recommended readings such as PASR link.
I will therefore refrain from asking dumb questions but if I err then forgive me.
It would be remiss of me to not say a big thank you to 100PipsADay, Erebus and Khaled as well as a few key contributors of the two threads. Thanks.
Like most things I jumped in feet first on thursday/friday and made a few bucks as all the stars began to align. Over the weekend I decided to take a step back and test the EA and see where it goes.
I must say it has great potentional. I am still not confident to wait for 200-300 pips profit because I am one of those who lets losses run and takes profit at first opportunity. I am sure a lot will be familiar with that.
I will endeavour to be patient because that is what this strategy asks you to do.
I have a couple of observations from demo trades.
Opening a trade at OB/OS on 1H at set levels 20-80 will almost always result in draw down as current candlestick has not closed and momentum tends to force the price against the trade. So, if it has already been suggested the great but I would say wait a couple of bars to see PA and then enter the trade. How an EA does that, I have not the skills but I guess one could ask has it crossed out of OB/OS 2nd time and better still is there a divergence on 1H. Then that potentiallly would be a great trade entry as drawdown would be potentially far less.
My second observation is that the credit to Khaled and FF is smack on near where current candlestick is. I am sure others are holding back on recommendation for this but as I said I go feet first mostly. So, please remove it as we know you deserve the credit for programming it but it is not cool. If you want people to pay for this copyright removal then be upfront and ask.
I will avoid ranting from here.
I will therefore refrain from asking dumb questions but if I err then forgive me.
It would be remiss of me to not say a big thank you to 100PipsADay, Erebus and Khaled as well as a few key contributors of the two threads. Thanks.
Like most things I jumped in feet first on thursday/friday and made a few bucks as all the stars began to align. Over the weekend I decided to take a step back and test the EA and see where it goes.
I must say it has great potentional. I am still not confident to wait for 200-300 pips profit because I am one of those who lets losses run and takes profit at first opportunity. I am sure a lot will be familiar with that.
I will endeavour to be patient because that is what this strategy asks you to do.
I have a couple of observations from demo trades.
Opening a trade at OB/OS on 1H at set levels 20-80 will almost always result in draw down as current candlestick has not closed and momentum tends to force the price against the trade. So, if it has already been suggested the great but I would say wait a couple of bars to see PA and then enter the trade. How an EA does that, I have not the skills but I guess one could ask has it crossed out of OB/OS 2nd time and better still is there a divergence on 1H. Then that potentiallly would be a great trade entry as drawdown would be potentially far less.
My second observation is that the credit to Khaled and FF is smack on near where current candlestick is. I am sure others are holding back on recommendation for this but as I said I go feet first mostly. So, please remove it as we know you deserve the credit for programming it but it is not cool. If you want people to pay for this copyright removal then be upfront and ask.
I will avoid ranting from here.
None the wiser!
- #1,634
- Jun 17, 2013 7:06am Jun 17, 2013 7:06am
{quote} Some of the JPY pairs (AUDJPY) had inverted hammers, followed by hammers, and a developing level of support forming on the daily charts. Other JPY pairs (USDJPY) have spinning tops, followed by inverted hammers/hammers, and again, a developing level of support on the daily charts. Multiple factors, across all pairs, all pointing towards a reversal in my opinion. We have to remember, MACD is a lagging indicator. PASR is the King, and overrules all, as 100pips has shown by taking the initiative and taking trades before MACD has confirmed....
BTW . Look at EUR & GBP / AUD & NZD . Crossing MACD . Now just need confirmation from MACD and some OB from Williams to go short
Make choices and don't look back !
{quote} We will see what will happen
And EURGBP doesn't look like a good pair to trade judging from the Daily chart candles.
Not enough movement in these pairs IMO to make them worth trading to be honest.
I'm currently waiting for EURNZD to hit OB and then going short. Keep an eye on that. MACD is showing downtrend.
- #1,636
- Jun 17, 2013 7:14am Jun 17, 2013 7:14am
{quote} I've stopped trading AUDNZD. Not enough movement. And EURGBP doesn't look like a good pair to trade judging from the Daily chart candles. Not enough movement in these pairs IMO to make them worth trading to be honest. I'm currently waiting for EURNZD to hit OB and then going short. Keep an eye on that.
EUR/AUD
EUR/NZD
GBP/AUD
GBP/NZD
...I don't even trade EUR/GBP 'cuz is not so much action , neither do AUD/NZD .
Make choices and don't look back !
- #1,638
- Jun 17, 2013 7:33am Jun 17, 2013 7:33am
{quote} Ahhh I see.Definitely watching those pairs.
Too much to watch 15 pairs at a time :O ( Lost oportunity to go long E/U at 1.30 . Lost oportunity to go long G/U at 1.53 . Lost oportunity to go short U/J at 99 ) ...
Make choices and don't look back !