Third Screen Strategy - Dr. Alexander Elder | Page 40 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #781
  • May 28, 2013 11:50am May 28, 2013 11:50am
Quoting rexio
Hallo 100Pips,I was wondering whether we could buy now GBPAUD. The last few days the macd was positive. In the last 2 days we would have bought GBPAUD according to the system. Now we could buy at an extra cheap price, adding to the total position.What do you think about it ?

GBP/AUD and EUR/AUD have had a very nice run up during the past month so this might be a good time to wait it out. I still see more movement to the upside in the coming weeks so if you really want maybe you can add a long positions or two.

I've already banked thousands of pips with GBP/AUD and EUR/AUD longs in the past 6 weeks or so so I will not be trading as aggressively with these two pairs for the time being.
  • #782
  • May 28, 2013 11:58am May 28, 2013 11:58am
Quoting MKFXTrader
{quote} Thx rexio. Can 100pip confirm?
Rexio is correct. Here are the statistics for each pair traded which will also list recommended SL and TP parameters.

http://www.forexfactory.com/showthre...11#post6577111
  • #783
  • May 28, 2013 12:01pm May 28, 2013 12:01pm
Quoting MKFXTrader
{quote} My recommendation is for you to read the thread where there contains many explanations straight from 100pip. There isn't that many pages and you should do yourself a favor by reading it. We all have. Anything short of that is fishing to be spoonfed, IMO. This strategy is not that complicated. At least read all of 100pip's posts. If you had, you wouldn't need to ask such basic questions in this thread. Put yourself in our shoes, if every newbie came in here and asked basic questions as you have, we would be repeating ourselves everyday and...



For the person asking these questions forget everything else and only focus on D1 MACD for overall trend and then H1 Williams % indicator for entries.

You can also find recommended SL and TP parameters for most frequently traded pairs here: http://www.forexfactory.com/showthre...11#post6577111
  • #784
  • May 28, 2013 1:38pm May 28, 2013 1:38pm
Quoting 100PipsADay
{quote} For the person asking these questions forget everything else and only focus on D1 MACD for overall trend and then H1 Williams % indicator for entries. You can also find recommended SL and TP parameters for most frequently traded pairs here: http://www.forexfactory.com/showthre...11#post6577111
Thx pip.
  • #785
  • Edited 4:58pm May 28, 2013 4:43pm | Edited 4:58pm
Hallo all,

How is your experience at the moment with the Dashboard Program ? Are there any specific things you really would like to have changed ?

I found one thing myself in using it. When I have it attached on some chart and I change something, for example the Timeframe of the chart, then I notice that there are suddenly also changes in the Dashboard. I don't like that, ( I would like to have those changes earlier) but this happens because the Dashboard only refreshes once the current candle has finished.
Now I could change that by setting EveryTickMode = true , but I don't like that either because this gives a lot of unnecessary processor load.

Therefore I made a change in the program. I built in a Timeclock and it will now refresh every XX minutes. XX is a variable which can be choosen at the upstart of the program by the user. Default will be 15.

In the default case the Dashboard will refresh every 15 minutes. This is regardless of the timeframe of the attached chart. This is a pleasant effect. I do not have to bother anymore, whether the Dashboard is attached to a Daily chart (which I prefer) or any other timeframe.

I will not yet release this program now, but I await more comments of other users. Then I will incorporate those comments as well. Within a few days however, i will release this new version.

In general, my own impression is that it is pleasant to work with the dashboard and I only attach another currency of interest when I see something changing in the Dashboard. So, I can restrict myself basically to 1 or 2 charts and handle all currencies in this way. (1 Daily and 1 hourly).
  • #786
  • May 28, 2013 5:45pm May 28, 2013 5:45pm
Quoting NikolaFX
Close today +110 $ on NZD/USD, AUD/JPY sell both. This strategy is for real money. It is good to also perform weekly analysis.
Have no doubt that anyone with some, patience, knowledge of price action & chart patterns, plus some timing, can place day trades and catch some pips simply on a Daily basis.

This is yesterday AUD-USD, as we all know, major down trend has commenced, only a matter of catching a small wave.

I have similar entry on GBP-USD, but leave you to check that chart, nice!

Regards, E.

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #787
  • May 28, 2013 11:20pm May 28, 2013 11:20pm
Quoting 100PipsADay
{quote} For the person asking these questions forget everything else and only focus on D1 MACD for overall trend and then H1 Williams % indicator for entries. You can also find recommended SL and TP parameters for most frequently traded pairs here: http://www.forexfactory.com/showthre...11#post6577111
What about price action and S/R?

Also, what about the 20/50 EMA? Or is that only to be used for your EA?
  • #788
  • May 29, 2013 12:51am May 29, 2013 12:51am
AUDCAD:

Daily bullish signal MACD.
H1 W% Oversold.

Hit SL on 2 positions unfortunately.
  • #789
  • May 29, 2013 2:57am May 29, 2013 2:57am
Quoting Tok
AUDCAD: Daily bullish signal MACD.H1 W% Oversold. Hit SL on 2 positions unfortunately.
I'd like to see the entry & exit on a chart for those trades, I'm sure we can put you on the right track very quickly!

It takes a lot for me to IGNORE you, but you can try.
  • #790
  • May 29, 2013 3:04am May 29, 2013 3:04am
Quoting Tok
{quote} What about price action and S/R? Also, what about the 20/50 EMA? Or is that only to be used for your EA?

Read what Mr. 100Pip wrote about that : Forget everything and focus on .....

By the way : yes, show your chart of audcad. Show also what your entry was, SL AND TP.
  • #791
  • May 29, 2013 3:14am May 29, 2013 3:14am
It's no big deal. I've had many other winning trades today. Feedback on anything I can improve on is appreciate, though.

DAILY:


Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD daily.png Size: 41 KB



H1:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD1h.png Size: 43 KB




TP: 320
SL: 160

(As suggested by 100pips).
  • #792
  • May 29, 2013 3:41am May 29, 2013 3:41am
Quoting Tok
It's no big deal. I've had many other winning trades today. Feedback on anything I can improve on is appreciate, though. DAILY: {image} H1: {image} TP: 320SL: 160 (As suggested by 100pips).
I'm totally confused, 100_pips says he didn't release the Third Screen EA, but the EA released for the D1 - 20 & 50 EMA thread did have that name displayed on the screen.

At any rate, why are you posting in this thread?

Did the EA take the trades or did you place manually?

Looks to me that I have to go back 4, 6 or 10 days to get a range from the present low to reach the 160 pips stop loss you mention, in which case the MACD was not bullish then?

Can you do a zoomed in look at the 1 Hour chart, drag & drop the closed trade to the chart, it will show exactly where the entry & exit was - do you know how to do that with MetaTrader?

See my demo account below - nothing but SELL trades, nothing but PROFIT trades

As they say on CSI, sorry for your loss

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #793
  • May 29, 2013 3:48am May 29, 2013 3:48am
Quoting Erebus
{quote} I'm totally confused, 100_pips says he didn't release the Third Screen EA, but the EA released for the D1 - 20 & 50 EMA thread did have that name displayed on the screen. At any rate, why are you posting in this thread? Did the EA take the trades or did you place manually? Looks to me that I have to go back 4, 6 or 10 days to get a range from the present low to reach the 160 pips stop loss you mention, in which case the MACD was not bullish then? Can you do a zoomed in look at the 1 Hour chart, drag & drop the closed trade to the chart,...
I applied the EA after the loss. The trades were placed manually.

And I definitely did set a correct SL/TP. I think the EA must have closed the trades on its own?

I'm as confused as you, lol.
  • #794
  • May 29, 2013 3:50am May 29, 2013 3:50am
Quoting Tok
It's no big deal. I've had many other winning trades today. Feedback on anything I can improve on is appreciate, though.
DAILY: {image} H1: {image} TP: 320SL: 160 (As suggested by 100pips).

Hallo Tok,

This story of yours with this EA screen does not belong in this thread. It is about the strategy with the moving averages ema 20 and ema50.
They are NOT a party of the thirdscreen strategy, which is discussed here. You must discuss this in the other thread.
Do not post this here. It works confusing for me and and perhaps also for other readers as about what strategy is actually applied.


There is an EA in development for the thirdscreen strategy as described here. However, this EA is not yet released to the public.
  • #795
  • May 29, 2013 4:53am May 29, 2013 4:53am
Quoting rexio
{quote} Hallo Tok, This story of yours with this EA screen does not belong in this thread. It is about the strategy with the moving averages ema 20 and ema50.They are NOT a party of the thirdscreen strategy, which is discussed here. You must discuss this in the other thread.Do not post this here. It works confusing for me and and perhaps also for other readers as about what strategy is actually applied. There is an EA in development for the thirdscreen strategy as described here. However, this EA is not yet released to the public.
I think its my fault. I have to change the file name as 100PipsADay. Sorry for that.
KISS - Keep It Simple Smart !!!!
  • #796
  • May 29, 2013 8:27am May 29, 2013 8:27am
Hallo Erebus,

Could you explain me how you make such a nice charts ?
Do you have a special tool for it ?
  • #797
  • May 29, 2013 8:49am May 29, 2013 8:49am
Quoting Erebus
{quote} As they say on CSI, sorry for your loss {image}

I spit coffee all over the screen. Thx for the laugh Erebus.
  • #798
  • May 29, 2013 8:57am May 29, 2013 8:57am
Quoting Tok
{quote} I applied the EA after the loss. The trades were placed manually. And I definitely did set a correct SL/TP. I think the EA must have closed the trades on its own? I'm as confused as you, lol.
This is the kind of thing that happens when NEWBIES jump around looking for the holy grail and NOT taking the time to actually learn ANY of the strategies or systems. If I was running this thread, I would ban you from both threads. Not trying to be mean or anything but you are not showing any respect to those who have actually put in the time to learn and implement this ONE system, much less two systems like are trying to do over a course of 2 days. No wonder you are confuse. You don't even know what thread you are posting in. This is NOT a sign of a successful trader IMO. I will not participate in answering any of your questions.
  • #799
  • May 29, 2013 9:03am May 29, 2013 9:03am
Quoting MKFXTrader
{quote} This is the kind of thing that happens when NEWBIES jump around looking for the holy grail and NOT taking the time to actually learn ANY of the strategies or systems. If I was running this thread, I would ban you from both threads. Not trying to be mean or anything but you are not showing any respect to those who have actually put in the time to learn and implement this ONE system, much less two systems like are trying to do over a course of 2 days. No wonder you are confuse. You don't even know what thread you are posting in. This is NOT...
Both the EA and this system are the same in many aspects and use the same principles.

So instead of helping me improve, you decide to degrade me? Speaks volumes about you. Thanks.
  • #800
  • May 29, 2013 9:11am May 29, 2013 9:11am
Quoting Tok
{quote} Both the EA and this system are the same in many aspects and use the same principles. So instead of helping me improve, you decide to degrade me? Speaks volumes about you. Thanks.
I didn't say anything that was degrading. My point is that you should try to learn and implement ONE system instead of jumping around like a jack rabbit asking newbie questions and then posting on wrong thread and confusing those that are dedicated to this thread ONLY. You've been trying to trade using both systems over two days. C'mon bro. Did you read both thread? If you take this the wrong way, then so be it.
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