Third Screen Strategy - Dr. Alexander Elder | Page 80 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #1,581
  • Jun 14, 2013 1:10pm Jun 14, 2013 1:10pm
Quoting 100PipsADay
{quote} I'm glad it's working out for you. Keep up the good work.
Hi 100PipsADay ......

This week my micro account increase 480%, I would like to say triple thank you
fantastic result, .........................
have a nice weekend to you all ........

cheers
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  • #1,582
  • Jun 14, 2013 2:06pm Jun 14, 2013 2:06pm
100pips, I hope you had a profitable week. Have a great weekend!
  • #1,583
  • Jun 14, 2013 4:46pm Jun 14, 2013 4:46pm
hi MKFXTrader,

this depends only on your settings: use something like stochastics Period 14, Slowing 1, D% 1, and you have something very similar to WPR

Cheers

Ati

Quoting MKFXTrader
{quote} Well right now, with my testing, stochastics enters OB/OS levels much slower then WPR .
Money is important, Love is essential.
  • #1,584
  • Jun 14, 2013 5:12pm Jun 14, 2013 5:12pm
Great results mrhb30hr!
  • #1,585
  • Jun 14, 2013 7:47pm Jun 14, 2013 7:47pm
I think this is why 100Pips short on the EURAUD,just PASR.
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  • #1,586
  • Jun 14, 2013 8:24pm Jun 14, 2013 8:24pm
Quoting MKFXTrader
{quote} Another example. Cad/J is in drawdown almost 60 pips and was signaled by WPR while Stochastics is still showing a strong short term uptrend and is not even close to O/B.
Not wanting to weight in fully on the Stochastic vs W%R debate, but as you know, the way the EA for TSS works is that it enters as soon as the Indicator reads a value above or below the -20 / -80 line.

I have seen where price has shot up, trade is entered, drops back down, the W%R indicator redraws the line lower to suit current price, and looks as if it never crossed the line. If this is near the end of a 1 hour bar, and then next bar is lower, which is fine for the trade, but confusing as the line is not visible on the chart.

Just wanted to say, that TCO has alleviated this somewhat in his EA programming, there is an option to have W%R signal confirmed, that is, for a sell trade, it must cross up over the -20 and then cross back down below the line. I believe this behavior may closer mimic the Stochastic entries.

That's all, you may have been aware of this already, have a great week end,

E.
It takes a lot for me to IGNORE you, but you can try.
  • #1,587
  • Jun 14, 2013 8:31pm Jun 14, 2013 8:31pm
So your thinking this counter trend bounce play?

Weekly points up but it bounced off of 1.4270 resistance. MACD is about to point down for a short. W% is near overbought territory.

MACD and W% point to a short but weekly is uptrending. Bounce play?
  • #1,588
  • Jun 14, 2013 8:42pm Jun 14, 2013 8:42pm
Quoting Soundz
So your thinking this counter trend bounce play? Weekly points up but it bounced off of 1.4270 resistance. MACD is about to point down for a short. W% is near overbought territory. MACD and W% point to a short but weekly is uptrending. Bounce play?
Hi Soundz

When D1 macd is down , i will open positions.Just follow the Third Screen Strategy.

Just make it simple.

BR
  • #1,589
  • Jun 14, 2013 9:05pm Jun 14, 2013 9:05pm
Great to see so many of the trade explorers have the methods of 100_pips showing, I'm #25 this week with my 20/50 EMA demo

But I think I should be moved up 1 spot as the leader made his phenomenal result with 1 trade that I don't think anyone else had a chance at

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It takes a lot for me to IGNORE you, but you can try.
  • #1,590
  • Jun 14, 2013 9:45pm Jun 14, 2013 9:45pm
Quoting 100PipsADay
{quote} I took the trades manually, however, I did wait for MACD to show down trend. I got in right at the beginning of what is hopefully to be a new down trend! I will enable the EA first thing Monday morning in order to start scaling in new positions, at that time I will also set my SL and TP targets. {image}
---------------------------------------------------------------------------------------------

Hello 100 Pips A Day,

Thanks.

Really appreciate your taking time to explain.

I have read this thread thoroughly.

My limited vocabulary fails me to find the appropriate words to adequately express my heartfelt gratitude and gratefulness for your selfless help and guidance to many struggling traders by providing them with a thoroughly time-tested simple, uncomplicated and yet a completely successful trading system. Only few great and noble souls are blessed by God with such capacity to help and serve their fellow human beings, without yearning for any rewards in return. I respectfully salute you. May God shower you with abundant blessings.
  • #1,591
  • Jun 14, 2013 9:45pm Jun 14, 2013 9:45pm
Just on a random note; I've found that my skills in PA have increased ten-fold whilst using this strategy. I'm now able to recognize candlestick formations and predict prices much better than I ever was. Love it.
  • #1,592
  • Jun 14, 2013 9:56pm Jun 14, 2013 9:56pm
Fischoo,

You are correct! While I was at the gym I thought about what I just posted and realized that I was mistaken. D1 MACD turns down and H1 W% shows overbought, Short. I was thinking about something different, Strats Strategy.


On a side note, While using ThirdScreen in conjunction with PA and S&R, the PA and Resistance at 1.4270 on the weekly would also confirm a short? Right?
  • #1,593
  • Jun 14, 2013 11:04pm Jun 14, 2013 11:04pm
Quoting Fishcoo
I think this is why 100Pips short on the EURAUD,just PASR. {image} {image}
Excellent analysis FishCoo and you are exactly right!
  • #1,594
  • Jun 15, 2013 12:55am Jun 15, 2013 12:55am
Quoting Soundz
Fischoo, You are correct! While I was at the gym I thought about what I just posted and realized that I was mistaken. D1 MACD turns down and H1 W% shows overbought, Short. I was thinking about something different, Strats Strategy. On a side note, While using ThirdScreen in conjunction with PA and S&R, the PA and Resistance at 1.4270 on the weekly would also confirm a short? Right?
Hi soundz

1. I add Rsi 9 and force Index on D1, IF MCAD adjustable below < 0, RSI 9 < below 50 level, and Force Index 2EMA < below 0 Line
I'm going to entry Short from H1 when W% shows overbought (-20)

2. on D1, IF MCAD adjustable Above > 0, RSI 9 > above 50 level, and Force Index 2EMA > Above 0 Line
I'm going to entry Long from H1 when W% shows oversold (-80)

see attached sample .....

Cheers
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  • #1,595
  • Jun 15, 2013 1:51am Jun 15, 2013 1:51am
cool and focus in the strategy

If a man is not contented with what he has,
probably will not be happy even with those that would have

my interest is to have every friday profit >5%
i dont care if some pairs lose

Sorry for the intervention
  • #1,596
  • Edited 2:31am Jun 15, 2013 2:21am | Edited 2:31am
Quoting Erebus
Great to see so many of the trade explorers have the methods of 100_pips showing, I'm #25 this week with my 20/50 EMA demo But I think I should be moved up 1 spot as the leader made his phenomenal result with 1 trade that I don't think anyone else had a chance at {image}
#24
Third screen strat
https://secure.forexfactory.com/nfs/...ar335159_3.gif soccerfan
43.1%MTM

#26Dr Alexander Elde...
https://secure.forexfactory.com/nfs/...ar323881_3.gif MKFXTrader
39.1%
#38TCO_Trader 20-50_EMA
https://secure.forexfactory.com/nfs/...ar185229_1.gif Erebus
25.0%MTM


NICE TO SEE SOME FAMILIAR NAMES THERE TOO....!!!! THANKS TO 100PIPS .WOULDN'T BE THERE WITHOUT YOU.. WELL DONE GUYS....
Onwards and upwards...
  • #1,597
  • Jun 15, 2013 2:39am Jun 15, 2013 2:39am
Quoting soccerfan
{quote} #24 Third screen strat {image} soccerfan 43.1%MTM #26Dr Alexander Elde... {image} MKFXTrader 39.1% #38TCO_Trader 20-50_EMA {image} Erebus 25.0%MTM NICE TO SEE SOME FAMILIAR NAMES THERE TOO....!!!! THANKS TO 100PIPS .WOULDN'T...
Hi Soccerfan , Where u get #24 from .
  • #1,598
  • Jun 15, 2013 3:22am Jun 15, 2013 3:22am
Good first week. All 3 test acc are positive, the best one is 5,5% up. My risk per traden is only 0,25%. No manual interfering.
Thoughts are things
  • #1,599
  • Jun 15, 2013 8:31am Jun 15, 2013 8:31am
Dear TSS-Traders,

I did read most of the thread so far. In the first post the theory says in the part about the 3rd screen (lowest TF):
" If the two-day EMA of force index continues to rally subsequent to the placement of your sell order, you can raise your sell order daily so it is within a single tick
of the latest bar's low. "
what is meant by "a single tick"?
how much pips are a tick?
if there is no correct answer, what do you think would be a ideal distance in pips?

why is this part of the strategy (the actual 3rd screen) left aside in the discussion?

thx for your answers
garp
  • #1,600
  • Jun 15, 2013 10:23am Jun 15, 2013 10:23am
As We See From AUD/USD Daily Chart ,Price Is Below 20 And 50 EMA,Price is retrace From 20 EMA.But Still Now D1 Macd is Uptrend.From This Chart I hope Price Will Go 100-120 Pips Down.

I Am a new trader In forex .So My analysis Can be wrong.I think Experts Will comment about this.
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