Well I'm glad I took that additional EUR/USD trade and kept the other two open as we just moved up another 25 pips or so on EUR/USD. That's an additional 75 pips or so in the past 10 minutes floating profit. 
Third Screen Strategy - Dr. Alexander Elder
Just closed out a few of my GBP/JPY and CHF/JPY long positions from last week. I kept an open TP target as I wanted to let a few trades run due to our current strong uptrend. 1st Chart: Recently Closed Positions 2nd Chart: Total Profit & Loss since March 2013 3rd Chart: Total Floating Total Profit in Pips since March: 5,466 Total Floating Profit in Pips: 1,099 {image} {image} {image}
- #525
- Apr 10, 2013 5:43am Apr 10, 2013 5:43am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
I've already listed recommended SL and TP parameters for each pair with each pairs' statistics: http://www.forexfactory.com/showthre...11#post6577111 How did I come to this conclusion? Through extensive testing, not much else to really say HOW... NZD/USD: This is a very dangerous short from what I can tell. Price has broken though the .845 resistance with strong conviction from a daily perspective. Next stop is going to be .88. Unless you want a 300 pip draw down I wouldn't short the NZD/USD...
100pips
thanks for your opinion on nzdusd. like i said i entered short without doing my usual chart analysis. a bit adventorous, silly of me. but i guess i was just in the mood for taking a chance. and having made £1000 on selling ARM Holdings, i just couldn't care less. just wanted to be a bit of a rookie for a change !
i just hope it doesnt come back to haunt me. i will keep the short open as long as it hasnt hit my stop loss. i will add further shorts at the appropriate levels, and hopefully should be able to come out with some profit.
i see GEPPY is posting on this thread. a blast from the past, how you doin fella ? still hanging around eurusd thread ? good to see you are still in the forex business, hope you are doing well.
iam a bit frustrated with my euraud long trade. kind of testing my patience. i dont like trades that take too long to get into profit. will observe and decide what to do.
100pips. this thread is becoming popular now. i remember a time when you were the only lone participant on this thread, posting your analysis and trades. then i came in. i saw huge potential with this strategy. i kept on posting and keeping the thread to the top of the forum. as a result, it got wider veiwing and has attracted many participants now, most of them are doing well using this strategy i may add. i do believe my active participation has kept this thread thriving, without sounding too arrogant. otherwise it probably would have been hidden down the pecking order on the forum, not that it would have mattered to you. being probably the most active member of this thread and allowing it to be viewed by many, and the fact i only have had two losses in all of the trades i have taken thus far, and thus far being successful, and of course already successful in my own way of trading, i think i deserve a vouch from you !
but of course it is upto you. dont have to if you dont want to. just thought i mention it.
whatfx,
I've gotten rid of the BB and EMAs, and will rely solely on PA, 1D MACD and 1H W%R. It was not my intention to break the system. It's a huge weight off my shoulders to have just a few indis because there was always some indi that would make me question the trade when having 6 indis in disagreement.
Thanks
I've gotten rid of the BB and EMAs, and will rely solely on PA, 1D MACD and 1H W%R. It was not my intention to break the system. It's a huge weight off my shoulders to have just a few indis because there was always some indi that would make me question the trade when having 6 indis in disagreement.
Thanks
- #528
- Apr 10, 2013 8:54am Apr 10, 2013 8:54am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
check out my blog: forexmademillionaire dot com
- #529
- Apr 10, 2013 8:56am Apr 10, 2013 8:56am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
EUR/USD D1 MACD - Up H1 Williams % - Over Sold Look at the 3 points in time since D1 MACD started showing "uptrend" where H1 Williams was showing over sold. This is where we would enter new trades as can be seen from Current Open Positions below. I decided to take this signal that we just got... {image} {image} {image}
check out my blog: forexmademillionaire dot com
- #530
- Apr 10, 2013 9:00am Apr 10, 2013 9:00am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
i see GEPPY is posting on this thread. a blast from the past, how you doin fella ? still hanging around eurusd thread ? good to see you are still in the forex business, hope you are doing well.
I started my own thread that has been getting quite popular: http://www.forexfactory.com/showthread.php?t=407274
Stop by if you'd like!
check out my blog: forexmademillionaire dot com
- #531
- Apr 10, 2013 9:32am Apr 10, 2013 9:32am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
looks like a stopout on my euraud long is imminent...sigh 
- #532
- Apr 10, 2013 9:34am Apr 10, 2013 9:34am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
haha, hey dude! Yes, yes I'm around but not in the EUR/USD thread. I hate that cesspool! I started my own thread that has been getting quite popular: http://www.forexfactory.com/showthread.php?t=407274 Stop by if you'd like!
geppy
any idea what has happened to fxmastermind ? is he still around ? havent seen him on any of the thread for ages....
the chap was doing quite well for himself.
- #533
- Apr 10, 2013 10:12am Apr 10, 2013 10:12am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
check out my blog: forexmademillionaire dot com
- #534
- Apr 10, 2013 11:05am Apr 10, 2013 11:05am
- | Joined Jan 2013 | Status: Live the dream.... | 1,153 Posts
- #540
- Apr 10, 2013 12:11pm Apr 10, 2013 12:11pm
- | Joined Jan 2013 | Status: Live the dream.... | 1,153 Posts
