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Third Screen Strategy - Dr. Alexander Elder

  • #601
  • Apr 17, 2013 5:53pm Apr 17, 2013 5:53pm
Quoting khaled_ctg
Thanks whatfx. I searched FF for Price Action. But not almost clear to me. If you have any resource to disclose me, it will be very helpful to me. I am also thinking about 100PipsADay. Last week he made huge pips in profit. May be he is now enjoying a long vacation or a long tour. . .. . . ....

you best go on youtube and search candlestick patterns. check out the videos you find easy to understand. you will soon get the hang of it. then come back and read the threads on price action, naked trading etc here on forexfactory.
  • #602
  • Edited 7:27pm Apr 17, 2013 7:17pm | Edited 7:27pm
Hey Folks,

I'm sorry I haven't posted much this week. Just been enjoying my time and haven't really been trading much as it is. However, most (if not all) of the people who have been following the Third Screen Strategy should already have a good idea as to how it works by now so there isn't much need to post here anyways.

I've also been working on a new business venture and it's going to be taking up the majority of my time so I will be focusing my time and energy on this new venture for the next few months.

I'll check back in every once in a while but like I said earlier, this system is simple and powerful and has been explained in detail during the past 40 pages or so. All one needs to do is read through this thread again if they have any questions or problems and the answer should be in here somewhere...

Happy trading everybody!
  • #603
  • Apr 17, 2013 7:19pm Apr 17, 2013 7:19pm
Khaled,

I noticed you are looking for more information in regards to Price Action @ Support Resistance (PASR)

Go here for more information on PASR: http://www.stratsforextrading.com/dokuwiki/doku.php

*Take your time reading through the ENTIRE site! Then read through it again and again and again...
  • #604
  • Apr 17, 2013 7:29pm Apr 17, 2013 7:29pm
1oopips

good to see you back !

yes indeed, good system, i have done well with the positions i had open. except for eurchf which i closed today for a small loss.

i dont see any signals for tomorrow though. both eurusd and gbpused seem to be heading down and changing direction.

any potential trades you are seeing ?


good luck with your business venture !

(p.s. i will ignore comments made on me by ''slim buffett'', for now)
  • #605
  • Apr 17, 2013 7:31pm Apr 17, 2013 7:31pm
Quoting whatfx
1oopips good to see you back ! yes indeed, good system, i have done well with the positions i had open. except for eurchf which i closed today for a small loss. i dont see any signals for tomorrow though. both eurusd and gbpused seem to be heading down and changing direction. any potential trades you are seeing ? good luck with your business venture ! (p.s. i will ignore comments made on me by ''slim buffett'', for now)
EUR/CAD, EUR/AUD, and GBP/AUD longs seems to be looking good at this time, especially the EUR pairs...

Wait for H1 to show over sold then go long
  • #606
  • Apr 17, 2013 7:58pm Apr 17, 2013 7:58pm
Quoting whatfx
you best go on youtube and search candlestick patterns. check out the videos you find easy to understand. you will soon get the hang of it. then come back and read the threads on price action, naked trading etc here on forexfactory.
Thank you very much whatfx.
KISS - Keep It Simple Smart !!!!
  • #607
  • Apr 17, 2013 7:59pm Apr 17, 2013 7:59pm
Quoting 100PipsADay
Khaled, I noticed you are looking for more information in regards to Price Action @ Support Resistance (PASR) Go here for more information on PASR: http://www.stratsforextrading.com/dokuwiki/doku.php *Take your time reading through the ENTIRE site! Then read through it again and again and again...
Hi 100PipsADay, Nice to see you back.
KISS - Keep It Simple Smart !!!!
  • #608
  • Apr 18, 2013 7:01am Apr 18, 2013 7:01am
Quoting 100PipsADay
EUR/CAD, EUR/AUD, and GBP/AUD longs seems to be looking good at this time, especially the EUR pairs... Wait for H1 to show over sold then go long

well, i see nzdusd has just given a sell signal on the daily. macd just turned red. also williams 1hr is overbought. so maybe a good time to go short ? start of a new trend. everything seems to add up on this one...

audjpy also has given a sell signal. daily macd turned red. but given its main trend being long i will not take the short but just wait to go long once daily macd goes back to blue. then just enter long at williams 1hr oversold. may get in at a good price on a long as the bearish sentiment will put price in a good level to go long !

however the pair iam really excited about is audnzd. waiting to go long on this one. waiting for daily macd to turn blue. audnzd has reached the bottom of the pit and a change in daily macd colour from red to blue is all thats needed to reap those pips on the long side. just waiting for daily macd to turn blue and williams h1 to be oversold. then long i go.

cadchf also , iam waiting for a long signal to develop (presently it is bearish).


so these are the pairs iam watching : audjpy, audnzd, cadchf.

the only trade i could take now is short nzdusd. but havent decided yet.


correct me on the above if iam wrong fellas. i seem to be the sole contributer to this thread nowadays (goes back to my previous posts where i said iam the one keeping the thread alive !).
  • #609
  • Apr 21, 2013 10:52am Apr 21, 2013 10:52am
Quoting whatfx
i seem to be the sole contributer to this thread nowadays (goes back to my previous posts where i said iam the one keeping the thread alive !).
Hi whatfx,
Thanks for your kind contribution. You are not alone here. I will be on your side and help you to keep alive this valuable thread.

Anyway, I have learned a little about Price Action and found a setup on GBP/USD. I want to share it to everybody here. See the attached Chart.

I see an Inside Bar. D1 MACD is going to down. We can have a nice short on GBP/USD for coming week. What you say?

Comment Please.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.JPG Size: 126 KB
KISS - Keep It Simple Smart !!!!
  • #610
  • Apr 22, 2013 12:14am Apr 22, 2013 12:14am
Hi all

It seems there is a nice trade on GBPUSD the weekly and daily trend are both down.Maybe we can take a short position using the Third Screen Strategy .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 120 KB
Click to Enlarge Name: 2.jpg Size: 110 KB
Click to Enlarge Name: 3.jpg Size: 137 KB
  • #611
  • Edited 4:25am Apr 22, 2013 4:14am | Edited 4:25am
Quoting khaled_ctg
{quote} Hi whatfx, Thanks for your kind contribution. You are not alone here. I will be on your side and help you to keep alive this valuable thread. Anyway, I have learned a little about Price Action and found a setup on GBP/USD. I want to share it to everybody here. See the attached Chart. I see an Inside Bar. D1 MACD is going to down. We can have a nice short on GBP/USD for coming week. What you say? Comment Please. {image}
yes, it looks like everything adds up on shorting GU. I WOULD WAIT FOR A BIT MORE CONFIEMATION THOUGH. MAYBE ANOTHER RED BAR DAILY MACD. i dont personally trade inside bars myself.
  • #612
  • Apr 23, 2013 3:42am Apr 23, 2013 3:42am
Quoting whatfx
{quote} yes, it looks like everything adds up on shorting GU. I WOULD WAIT FOR A BIT MORE CONFIEMATION THOUGH. MAYBE ANOTHER RED BAR DAILY MACD. i dont personally trade inside bars myself.
My English teacher would have murdered me for saying that. "I don't trade inside bars" is sufficient. I don't see a daily inside bar on Gbp/Usd, though, personally, myself.
Gone to a better place
  • #613
  • Apr 23, 2013 4:28am Apr 23, 2013 4:28am
Quoting smikester
{quote} My English teacher would have murdered me for saying that. "I don't trade inside bars" is sufficient. I don't see a daily inside bar on Gbp/Usd, though, personally, myself.




thats what happens when you are concentrating on your trading. you lose track of your ability to communicate and hence become incoherent, cos 99% of all your energy is focused on trading. you are not bothered about grammer. thats what happens to me. and that my friend is a sign of a good trader. a trader that is more bothered about making pips than using proper grammer. you will find that most of the worlds top traders appear to be vegetables what they say is too simple and sometimes ineligible.
  • #614
  • Edited 5:01am Apr 23, 2013 4:45am | Edited 5:01am
Quoting whatfx
{quote} thats what happens when you are concentrating on your trading. you lose track of your ability to communicate and hence become incoherent, cos 99% of all your energy is focused on trading. you are not bothered about grammer. thats what happens to me. and that my friend is a sign of a good trader. a trader that is more bothered about making pips than using proper grammer. you will find that most of the worlds top traders appear to be vegetables what they say is too simple and sometimes ineligible.
Seriously, though, I don't see an inside bar on Cable? Maybe you have a different feed?

Edit: OK, I see it now on Khaled's chart. Not quite, but near enough.
Gone to a better place
  • #615
  • Apr 23, 2013 6:25am Apr 23, 2013 6:25am
Quoting smikester
{quote} Seriously, though, I don't see an inside bar on Cable? Maybe you have a different feed? Edit: OK, I see it now on Khaled's chart. Not quite, but near enough.
Hi Mates,
Thanks for your concern. I forgot to mention my entry point. I think its now coming.

Anyway I'll wait for D1 MACD RED bar and its now developing. Thanks whatfx and all of you.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.JPG Size: 131 KB
KISS - Keep It Simple Smart !!!!
  • #616
  • Apr 23, 2013 7:02am Apr 23, 2013 7:02am
Is it time to go LONG for JPY pairs? What do you think?
KISS - Keep It Simple Smart !!!!
  • #617
  • Apr 23, 2013 2:08pm Apr 23, 2013 2:08pm
Quoting khaled_ctg
{quote} Hi Mates, Thanks for your concern. I forgot to mention my entry point. I think its now coming. Anyway I'll wait for D1 MACD RED bar and its now developing. Thanks whatfx and all of you. {image}
make sure the macd red bar is of fairly good size. at the moment it is very tiny ! so not really a good signal.....

the jpy pairs, well the daily macd is still bullish so i guess longs are on the cards. just make sure to wait for h1 to be oversold. i entered long on audjpy this morning, presently around 70 pips.
  • #618
  • Apr 23, 2013 2:34pm Apr 23, 2013 2:34pm
Quoting whatfx
{quote} make sure the macd red bar is of fairly good size. at the moment it is very tiny ! so not really a good signal..... the jpy pairs, well the daily macd is still bullish so i guess longs are on the cards. just make sure to wait for h1 to be oversold. i entered long on audjpy this morning, presently around 70 pips.
Cool for JPY pairs. But GBP is still confusing. So its better to stay out from it. GBP/CHF running up. Is anyone thinking about it?
KISS - Keep It Simple Smart !!!!
  • #619
  • Apr 23, 2013 3:02pm Apr 23, 2013 3:02pm
Quoting khaled_ctg
{quote} Cool for JPY pairs. But GBP is still confusing. So its better to stay out from it. GBP/CHF running up. Is anyone thinking about it?
My view on Gbp/Usd is mixed. I have a bearish sentiment but it just broke and retested 1.52, a very important level, rejected that level. Quite bullish.
Gone to a better place
  • #620
  • Apr 23, 2013 4:45pm Apr 23, 2013 4:45pm
Quoting khaled_ctg
{quote} Cool for JPY pairs. But GBP is still confusing. So its better to stay out from it. GBP/CHF running up. Is anyone thinking about it?

from the looks of it gbpusd has indeed given a short signal on daily (2 red bars now) and 1hr williams is going down from above. so conditions for sell met. i will wait for a bearish engulf bar on m15 and then open a short. should be able to get a few pips out of it at least.....
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