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Third Screen Strategy - Dr. Alexander Elder

  • #381
  • Apr 5, 2013 5:20am Apr 5, 2013 5:20am
AUD/JPY Trade Results Since August 2011 Continued...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDJPY_-_Trades_(10).png Size: 78 KB
  • #382
  • Apr 5, 2013 5:23am Apr 5, 2013 5:23am
Quoting 100PipsADay
9 Pairs Since August 2011 utilizing this strategy has gained 81,478 Pips! All confirmed and verified!
10 Pairs (including AUD/JPY now) Since August 2011 has gained 96,874 Pips!
  • #383
  • Apr 5, 2013 5:26am Apr 5, 2013 5:26am
Quoting 100PipsADay
Definitely not GBP/USD! LOL

both gbpusd and eurusd are showing long on the daily. so no more shorts. waiting for wiiliams 1 hr to show oversold before buying.


100pips


your results are on demo account , right ?
  • #384
  • Apr 5, 2013 5:33am Apr 5, 2013 5:33am
Quoting whatfx
both gbpusd and eurusd are showing long on the daily. so no more shorts. waiting for wiiliams 1 hr to show oversold before buying. 100pips your results are on demo account , right ?
These are all statistics from a Demo account. However, I trade quite a few of these pairs on my live account but normally with 50k lot size (0.5).

I normally trade EUR/AUD, EUR/CAD, GBP/AUD, AUD/JPY, CAD/JPY, NZD/JPY, EUR/USD, USD/JPY, NZD/USD, and EUR/JPY for various reasons.

By the way, I'm still holding short positions on EUR/USD so will not look to go long until they get stopped out.
  • #385
  • Apr 5, 2013 5:35am Apr 5, 2013 5:35am
Quoting 100PipsADay
I would have to say in order from BEST to WORST it would have to be: 1) EUR/AUD 2) AUD/JPY 3) GBP/AUD 4) EUR/CAD 5) CAD/JPY 6) NZD/JPY 7) EUR/JPY 8) EUR/USD 9) AUD/NZD 10) NZD/USD 11) AUD/USD 12) GBP/USD Each pair has its own pros and cons but this is my order of preference from favorite (top) to least favorite (bottom) pairs to trade. Obviously there are worse pairs but I don't trade them so they are not listed.

I think that's more then plenty of pairs to monitor. If you would, can you place a downtrend, uptrend or flat besides those pairs? Maybe we can do this once a week or as they change. This way we can all be on the same page and it will help everyone to recognize trends as they grow as traders. What do you think?
  • #386
  • Edited 6:12am Apr 5, 2013 5:44am | Edited 6:12am
NZD/JPY Trade Results Since July 2011

Total Trades: 130

Total Pips: 8,069

Win Rate: 52.71%

Profit Factor: 2.06

Max Positions: 4

Max Draw Down In Pips: 1,557

SL: 160

TP: 280
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZDJPY_-_Statistics.png Size: 85 KB
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  • #387
  • Apr 5, 2013 5:46am Apr 5, 2013 5:46am
NZD/JPY Trade Results Since August 2011 Continued...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDJPY_-_Trades_(8).png Size: 150 KB
Click to Enlarge Name: NZDJPY_-_Trades_(9).png Size: 110 KB
  • #388
  • Apr 5, 2013 5:48am Apr 5, 2013 5:48am
Quoting 100PipsADay
10 Pairs (including AUD/JPY now) Since August 2011 has gained 96,874 Pips!
I have just added NZD/JPY statistics so 11 Pairs gained a total of 104,943 Pips in about a year and a half...

Ok, done posting statistics. Just confirmed and verified over 100,000 pips since August 2011 utilizing this exact same strategy. If anybody has any questions feel free to ask.
  • #389
  • Apr 5, 2013 5:51am Apr 5, 2013 5:51am
Quoting 100PipsADay
I have just added NZD/JPY statistics so 11 Pairs gained a total of 104,943 Pips in about a year and a half... Ok, done posting statistics. Just confirmed and verified over 100,000 pips since August 2011 utilizing this exact same strategy. If anybody has any questions feel free to ask.
Simply amazing.
  • #390
  • Apr 5, 2013 5:56am Apr 5, 2013 5:56am
Quoting MKFXTrader
I think that's more then plenty of pairs to monitor. If you would, can you place a downtrend, uptrend or flat besides those pairs? Maybe we can do this once a week or as they change. This way we can all be on the same page and it will help everyone to recognize trends as they grow as traders. What do you think?
Hey MKFXTrader!

I think this is a good idea but please explain a little more in detail what you are asking. If I understand you correctly you would like us to post a weekly bias for each pair that we're monitoring and trading?

If so, the only problem I can think of would be that I am using a 260 SL and 320 TP so if others get stopped out I may still have open trades. Basically none of us are ever going to be exactly on the same page when it comes to current open positions?

For example: As WhatFx just pointed out EUR/USD is now showing "bullish" on the D1 MACD, however, due to the fact that I use a larger SL I still have open short trades that are roughly 150 pips in the red right now. Let's say price moves back down in the coming weeks and I move into profit. WhatFx may be looking to go long on EUR/USD when H1 is over sold. See what I'm getting at?

Please let me know what you are talking about as I could be confused.
  • #391
  • Apr 5, 2013 5:57am Apr 5, 2013 5:57am
Quoting whatfx
both gbpusd and eurusd are showing long on the daily. so no more shorts. waiting for wiiliams 1 hr to show oversold before buying. 100pips your results are on demo account , right ?
This is true but going long on EUR/USD and GBP/USD is actually a counter trend trade if you look at the Weekly charts. However, the choice is yours and I wish you the best either way
  • #392
  • Apr 5, 2013 5:59am Apr 5, 2013 5:59am
Quoting 100PipsADay
This is true but going long on EUR/USD and GBP/USD is actually a counter trend trade if you look at the Weekly charts. However, the choice is yours and I wish you the best either way

sure. but we are going with the daily and 1hr according to the third screen strategy ?
  • #393
  • Apr 5, 2013 6:00am Apr 5, 2013 6:00am
Profit Factors (updated)

Take a look at the Profit Factors from the above statistics:

EUR/USD: 3.52
EUR/CAD: 4.23
AUD/NZD: 3.19
NZD/USD: 2.66
AUD/USD: 4.71
EUR/AUD: 4.26
GBP/AUD: 3.62
GBP/USD: 1.85
CAD/JPY: 5.41
AUD/JPY: 3.12
NZD/JPY: 2.06
  • #394
  • Apr 5, 2013 6:02am Apr 5, 2013 6:02am
Quoting whatfx
sure. but we are going with the daily and 1hr according to the third screen strategy ?
Correct, I've still got current EUR/USD short positions though so I won't be joining you on this ride.
  • #395
  • Apr 5, 2013 6:19am Apr 5, 2013 6:19am
Quoting MKFXTrader
I think that's more then plenty of pairs to monitor. If you would, can you place a downtrend, uptrend or flat besides those pairs? Maybe we can do this once a week or as they change. This way we can all be on the same page and it will help everyone to recognize trends as they grow as traders. What do you think?
MKFXTrader,

Please clarify what you would like me to do and I will be more than happy to do it. Just a little confused as to HOW to go about it. Should I post my Weekly Bias according to my open trades?

Let me know!
  • #396
  • Apr 5, 2013 6:20am Apr 5, 2013 6:20am
Quoting 100PipsADay
Hey MKFXTrader! I think this is a good idea but please explain a little more in detail what you are asking. If I understand you correctly you would like us to post a weekly bias for each pair that we're monitoring and trading? If so, the only problem I can think of would be that I am using a 260 SL and 320 TP so if others get stopped out I may still have open trades. Basically none of us are ever going to be exactly on the same page when it comes to current open positions? For example: As WhatFx just pointed out EUR/USD is now showing "bullish"...
I was thinking that those pairs you have listed should be the pairs maybe the thread should focus on. Also based on the third screen strategy of weekly/daily/hourly, beside the pairs you listed, list what the current trend of each pair on that list. Does that make sense? I'm sure not everyone will follow it to a tee, but if we are following it based on the rules, we should all be on the same page. List it as either uptrend, downtrend or flat. Hope that makes sense.
  • #397
  • Apr 5, 2013 6:29am Apr 5, 2013 6:29am
Quoting MKFXTrader
I was thinking that those pairs you have listed should be the pairs maybe the thread should focus on. Also based on the third screen strategy of weekly/daily/hourly, beside the pairs you listed, list what the current trend of each pair on that list. Does that make sense? I'm sure not everyone will follow it to a tee, but if we are following it based on the rules, we should all be on the same page. List it as either uptrend, downtrend or flat. Hope that makes sense.
Ok cool! What I'll do is take the list and then put Up, Flat, or Down depending on charts and current open positions. See, even if GBP/USD has just crossed over to the upside I will put down if I have open sell positions still floating. Once they are closed then I will reassess and post directional bias here.

What do you think?

Current Weekly Bias

EUR/USD: Down

EUR/CAD: Down

AUD/NZD: Down

NZD/USD: Flat

AUD/USD: Flat

EUR/AUD: Down

GBP/AUD: Down

GBP/USD: Down

CAD/JPY: Up

AUD/JPY: Up

NZD/JPY: Up
  • #398
  • Apr 5, 2013 6:34am Apr 5, 2013 6:34am
Quoting 100PipsADay
Ok cool! What I'll do is take the list and then put Up, Flat, or Down depending on charts and current open positions. See, even if GBP/USD has just crossed over to the upside I will put down if I have open sell positions still floating. Once they are closed then I will reassess and post directional bias here. What do you think? Current Weekly Bias EUR/USD: Down EUR/CAD: Down AUD/NZD: Down NZD/USD: Flat AUD/USD: Flat EUR/AUD: Down GBP/AUD: Down GBP/USD: Down CAD/JPY: Up AUD/JPY: Up NZD/JPY: Up
Something like that although if for instance the daily does not match up with the weekly like G/U, I would put flat. What do you think? Only put uptrend, downtrend if both the weekly and daily matches. If it doesn't then put flat. We can update as the they change. However you think is best. It's just a suggestion.
  • #399
  • Apr 5, 2013 6:39am Apr 5, 2013 6:39am
Quoting MKFXTrader
Something like that although if for instance the daily does not match up with the weekly like G/U, I would put flat. What do you think? Only put uptrend, downtrend if both the weekly and daily matches. If it doesn't then put flat. We can update as the they change. However you think is best. It's just a suggestion.
That's a great idea!

What I'll do is put direction for each of the following but keep them separate. Then anybody can decide what they want to do after that with any particular pair.

GBP/USD
Weekly - Down
Daily - Up
Current Open Position - Sell
Overall Bias - Flat

I'm totally open for input if you have some suggestions! Let me know MKFX, or anybody else for that matter
  • #400
  • Apr 5, 2013 6:41am Apr 5, 2013 6:41am
Quoting 100PipsADay
That's a great idea! What I'll do is put direction for each of the following but keep them separate. Then anybody can decide what they want to do after that with any particular pair. GBP/USD Weekly - Down Daily - Up Current Open Position - Sell Overall Bias - Flat I'm totally open for input if you have some suggestions! Let me know MKFX, or anybody else for that matter
Perfect. We can change or update as we progress.
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