Third Screen Strategy - Dr. Alexander Elder | Page 83 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #1,641
  • Jun 17, 2013 7:55am Jun 17, 2013 7:55am
Quoting Purec
{quote} I'm not a full time trader , I still got school . I can't stay up nights and all day on Forex , still got a life ... It would have been nice if EA had email notification ... BTW WATCH EUR/NZD . GOing UP !!!
Yup. Watching it now.

But still, its better to take a few winning trades, rather than taking a large amount of trades, most of which will be losing.

I urge you to not set the EA to automatic. I see A LOT of false signals.

After you pick up 8 or so positions with manual confirmation, you're done anyway. You can just leave the computer and let the markets do their thing.
  • #1,642
  • Jun 17, 2013 8:03am Jun 17, 2013 8:03am
Quoting Tok
{quote} Yup. Watching it now. But still, its better to take a few winning trades, rather than taking a large amount of trades, most of which will be losing. I urge you to not set the EA to automatic. I see A LOT of false signals. After you pick up 8 or so positions with manual confirmation, you're done anyway. You can just leave the computer and let the markets do their thing.
I don't see so many positions at 100Pips ...

More are on 20 & 50 EMA ...

And I watch his trade list ... A few positions with - .
Make choices and don't look back !
  • #1,643
  • Jun 17, 2013 8:13am Jun 17, 2013 8:13am
Did you get in , Tok ?

I will wait some more
Make choices and don't look back !
  • #1,644
  • Jun 17, 2013 8:15am Jun 17, 2013 8:15am
Quoting Purec
Did you get in , Tok ? I will wait some more
Sure did. Just entered short EURCAD too.

A LOT of entries are open at the moment.
  • #1,645
  • Jun 17, 2013 8:18am Jun 17, 2013 8:18am
Quoting Tok
{quote} Sure did. Just entered short EURCAD too. A LOT of entries are open at the moment.
I don't trade / CAD and / CHF . Not with any pair .
Make choices and don't look back !
  • #1,646
  • Jun 17, 2013 8:20am Jun 17, 2013 8:20am
Got in , 1.6565 SL , ofcourse , is at 1.6765
Make choices and don't look back !
  • #1,647
  • Jun 17, 2013 8:20am Jun 17, 2013 8:20am
Quoting Purec
{quote} I don't trade / CAD and / CHF . Not with any pair .
I see.

EURCAD is the only CAD pair I have on my list. Looked good, so I thought why not.
  • #1,648
  • Jun 17, 2013 8:45am Jun 17, 2013 8:45am
Quoting Tok
{quote} I see. EURCAD is the only CAD pair I have on my list. Looked good, so I thought why not.
Not moving our way :-s
Make choices and don't look back !
  • #1,649
  • Jun 17, 2013 9:42am Jun 17, 2013 9:42am
Quoting Purec
{quote} Not moving our way :-s
EURCAD is moving in our way.

Everything else is moving in the other direction.



But remember, price only just retraced to overbought. We must wait for it to go back into the trend. Patience.
  • #1,650
  • Jun 17, 2013 9:43am Jun 17, 2013 9:43am
Quoting Purec
{quote} Not moving our way :-s
looks like another case of the Mondays. I think the last 2 Mondays started out the same way haha. My trades aren't doing so well at the moment either. I will check back on them later this evening.
  • #1,651
  • Jun 17, 2013 9:44am Jun 17, 2013 9:44am
Quoting crottsinabox
{quote} looks like another case of the Mondays. I think the last 2 Mondays started out the same way haha. My trades aren't doing so well at the moment either. I will check back on them later this evening.
I agree here. Mondays have NEVER been good and ALWAYS resulted in drawdowns with this method.
  • #1,652
  • Jun 17, 2013 9:49am Jun 17, 2013 9:49am
Well ... fuck it

I took another short at 1.66147 .

And now I need to go .

I hope tomorrow morning I have only green pips :X

Have a good day .
Make choices and don't look back !
  • #1,653
  • Jun 17, 2013 9:54am Jun 17, 2013 9:54am
Quoting Purec
Well ... fuck it I took another short at 1.66147 . And now I need to go . I hope tomorrow morning I have only green pips :X Have a good day .
You too my friend.
  • #1,654
  • Jun 17, 2013 10:24am Jun 17, 2013 10:24am
Within an hour of placing trades, SL are about to be hit.

What a joke.
  • #1,655
  • Jun 17, 2013 12:45pm Jun 17, 2013 12:45pm
I have many positions carried over from last week and several more from this week, letting the EA do its thing of the 12 pairs suggested. EURCAD wasnt one of them. Overall I am up on my opens by $200 , trading .01 lots on a $6100 account. Patience is key here. Thanks to 100 pips for this !!!!
  • #1,656
  • Jun 17, 2013 1:34pm Jun 17, 2013 1:34pm
Quoting sheppy
I have many positions carried over from last week and several more from this week, letting the EA do its thing of the 12 pairs suggested. EURCAD wasnt one of them. Overall I am up on my opens by $200 , trading .01 lots on a $6100 account. Patience is key here. Thanks to 100 pips for this !!!!
That is the truth right now. Today is the first time I am sort of uneasy about the trades I made. I am still confident in the system though
  • #1,657
  • Jun 17, 2013 1:36pm Jun 17, 2013 1:36pm
Am sure we will prosper!!!!!!
  • #1,658
  • Jun 17, 2013 1:57pm Jun 17, 2013 1:57pm
I decided to experiment with GBPAUD by not closing the first entry when it was OS. My early morning analysis suggested a retrace higher. See yellow line. I placed a sell entry on my live account below that and it got hit.
You can also see the second and third entries made by EA. Let's see what tomorrow brings!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 29 KB
None the wiser!
  • #1,659
  • Jun 17, 2013 2:24pm Jun 17, 2013 2:24pm
Crazy PA today. Up, Down, Up, Down, Up. Up for the day, down for the day, down big for the day, BE for the day, up for the day again....wow
  • #1,660
  • Jun 17, 2013 2:46pm Jun 17, 2013 2:46pm
Quoting MKFXTrader
Crazy PA today. Up, Down, Up, Down, Up. Up for the day, down for the day, down big for the day, BE for the day, up for the day again....wow
Are you describing ToK's emotions?
Small disciplines repeated with consistency lead to great achievements.
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