Alexander Elder's Channel 4 replies
Elder-Rays 3 replies
Substitute for screen time? 4 replies
DislikedHi, I have one of Dr. Elder's book "Trading for a living" collecting dust in my book shelf. Bought in 2001. The third screen strategy is described there. Do you use this strategy exclusively or is there other elements you combine with it?Ignored
DislikedHi, I have one of Dr. Elder's book "Trading for a living" collecting dust in my book shelf. Bought in 2001. The third screen strategy is described there. Do you use this strategy exclusively or is there other elements you combine with it?Ignored
DislikedI try to stick to this system 100%. However, I do keep an eye on Monthly and Weekly support / resistance areas along with price action at those levels to look for possible long term trend reversals. Also, keeping track of the fundamentals helps to give us more of a macro view of the markets. But all in all I would say 95% of my trading is done using a part of the Third Screen Strategy which is explained throughout this threadIgnored
DislikedWeekly, Daily, Open Position, & Overall Bias For Most Frequently Traded Pairs AUD/JPY: Weekly - Up Daily - Up Open Positions - Up Overall - Up CAD/JPY: Weekly - Up Daily - Up Open Positions - Up Overall - Up NZD/JPY: Weekly - Up Daily - Up Open Positions - Up Overall - Up GBP/AUD: Weekly - Down Daily - Up Open Positions - Down Overall - Flat EUR/AUD: Weekly - Down Daily - Up Open Positions - Down Overall - Flat EUR/CAD: Weekly - Down Daily - Up Open Positions - Down Overall - Flat EUR/USD: Weekly - Down Daily - Up Open Positions - Down Overall -...Ignored
DislikedSince March 18, 2013 when I started tracking trade results on a consistent basis for this thread I am basically back to break even, actually am 130 pips in the red for closed profit and loss. I have a little over 500 pips floating profit with current open positions so not too bad. Am a little disappointed in the last few days results but we are going to make up for it here very soon! Hope everybody is doing good!Ignored
Dislikedare you demoing or live account ? are you a fxcm representative ? no problem if you are. even better.Ignored
DislikedSince March 18, 2013 when I started tracking trade results on a consistent basis for this thread I am basically back to break even, actually am 130 pips in the red for closed profit and loss. I have a little over 500 pips floating profit with current open positions so not too bad. Am a little disappointed in the last few days results but we are going to make up for it here very soon! Hope everybody is doing good!Ignored
DislikedFXCM Rep: No, I just liked the logo, but somebody recommended that I take the "FXCM" part out of it so I did a little "Microsoft Paint" editing and put my FF user name instead...Ignored
DislikedBy the way, at the Peak of the past few weeks I was up almost $20k! Now I'm back to break even... Oh well, that's the name of the game, you win some you lose some but always make sure that you lose less then you win!Ignored
Disliked100pip. You should consider taking partial profits. Maybe have two targets for each open entry within the system. This way you make something rather then BE. I also recommend you consider moving TP to BE when you have a position in the positive of greater then 50-75or100 pips. It would increase your win %. I hate giving back pips. Just a suggestion.Ignored
DislikedMKFX, Thanks for the words of advice. I have actually tested this system many ways and I have decided to stick to this plan no matter what. It seems to work better in the long run and also keeps it simple. Thank you though for the suggestion my friend, its appreciated!Ignored
DislikedYou reminded me of this stubborn mule clip from family guy. http://www.youtube.com/watch?v=fqs9DYisSsg Just joking with ya.Ignored