Third Screen Strategy - Dr. Alexander Elder | Page 93 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #1,841
  • Jun 19, 2013 8:02am Jun 19, 2013 8:02am
I currently have two positions open on GBPNZD. Both are doing well.
  • #1,842
  • Jun 19, 2013 8:06am Jun 19, 2013 8:06am
Quoting Tok
I currently have two positions open on GBPNZD. Both are doing well.

i hope it's not a false signal
Make choices and don't look back !
  • #1,843
  • Jun 19, 2013 8:21am Jun 19, 2013 8:21am
Quoting Purec
{quote} i hope it's not a false signal
The issue with my last GBPNZD position was that the SL wasn't big enough, and it may have been placed slightly too early.
  • #1,844
  • Jun 19, 2013 8:26am Jun 19, 2013 8:26am
Quoting Tok
{quote} The issue with my last GBPNZD position was that the SL wasn't big enough, and it may have been placed slightly too early.
Like i did now ...

I didn't want to loose an oportunity , so i got in

It wasn't the signal at 1H chart ( WIlliams ) but i risked ...
Make choices and don't look back !
  • #1,845
  • Jun 19, 2013 8:29am Jun 19, 2013 8:29am
Quoting Purec
{quote} Like i did now ... I didn't want to loose an oportunity , so i got in It wasn't the signal at 1H chart ( WIlliams ) but i risked ...
100pips suggested a 260 SL with this pair.
  • #1,846
  • Jun 19, 2013 8:32am Jun 19, 2013 8:32am
No ... I mean i took a position when it wasn't the signal ...
Make choices and don't look back !
  • #1,847
  • Jun 19, 2013 8:34am Jun 19, 2013 8:34am
Quoting Purec
No ... I mean i took a position when it wasn't the signal ...
I know. I'm just telling you to make sure you use a 260 SL.
  • #1,848
  • Jun 19, 2013 8:46am Jun 19, 2013 8:46am
Quoting 100PipsADay
{quote} Rexio, You're telling me that there WON'T be a blue bar on tomorrow's D1 MACD for NZD/JPY? I say you are wrong and have no idea about what you're talking about yet you state this as a FACT... Please explain in detail how it will take at least 2 to 3 days to develop? I want to know every detail in your explanation explaining how and why this is a fact. If there is a blue bar tomorrow then you owe me $100 USD, deal? Sometimes I can't help but notice that you are too "smart" for your own good... I'm sure that this problem has hindered you...
Hallo Mr. 100Pip,

Here is my explanation why I think that D1 Macd in NZDJPY will still be red tomorrow.

Look at the attached image. That is the NZDJPY up untill now. Daily timeframe. As you can see, I drew a green regression line through the last 6 days of the macd. When prolonged, you can see, that tomorrow's value probably will not yet be above the zero axis. That is the reason why I think it will take another 2 days to develop into a blue bar.
Attached Image (click to enlarge)
Click to Enlarge Name: Thirdscr_19jun2013.png Size: 19 KB
  • #1,849
  • Edited 9:52am Jun 19, 2013 9:23am | Edited 9:52am
Anyone try to use both the strategy (Third Screen Strategy and D1 - 20 EMA & 50 EMA) from good man "100PipsADay"? From the understanding of me this is how it is working with the PASR must be the considered.


I understand that the D1 MACD is faster than the 20 and 50 EMA.

So what we do is when price shows MACD on D1 Chart for a BUY and the Williams show the OS on 1H Chart we make BUY. We get the conformation once the price is go above the 20 EMA or 50 EMA, or if the price is already above both 20 and 50 EMA then we can get double the confirmation and should be more golden, you know? Is good idea, no? I think mother will be proud, no? Hit the reply button and let me know before I present new opportunity.




D1 Chart
Third Screen Strategy
Use MACD to find the global Trend
D1-20 EMA & 50 EMA
The price must be above or below the 20 and 50 EMA

1H Chart
Both (Third Screen Strategy & D1-20 EMA & 50 EMA)
Williams Percentage Indicator to find the same trend as "D1 Chart" and then make a buy or the sell when price is OB or OS.




Example:
If MACD shows BUY and price is almost or already above 20 and 50 EMA on D1 Chart and price is OS on Williams Percentage on 1H Chart we do the = BUY
If MACD shows SELL and price is almost or already below 20 and 50 EMA on D1 Chart and price is OB on Williams Percentage on 1H Chart we do the = SELL
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #1,850
  • Jun 19, 2013 9:31am Jun 19, 2013 9:31am
Quoting forexaccent
Anyone try to use both the strategy (Third Screen Strategy and D1 - 20 EMA & 50 EMA) from good man "100PipsADay"? From the understanding of me this is how it is working with the PASR must be the considered. I understand that the D1 MACD is faster than the 20 and 50 EMA. So what we do is when price shows MACD on D1 Chart for a BUY and the Williams show the BUY on 1H Chart we make BUY. We get the conformation once the price is go above the 20 EMA or 50 EMA, or if the price is already above both 20 and 50 EMA then we can get double the confirmation...
The W% indicator on 1H is to wait for overbought/oversold levels. Not the trend.
  • #1,851
  • Jun 19, 2013 9:37am Jun 19, 2013 9:37am
Hi 100Pips,

1 question:

in Explorer in bot your demo account are much opened Position without SL and TP, are that Position opened manually?

Thanks,
Best Regards,
Antonio
  • #1,852
  • Edited 10:33am Jun 19, 2013 9:43am | Edited 10:33am
Quoting Tok
{quote} The W% indicator on 1H is to wait for overbought/oversold levels. Not the trend.
Yes that is the obvious. I will edit posting. Wait for Williams to be OS or the OB and then make the BUY or SELL. Let me change and take look again.

I get this from good man "100PipsADay" profile. If you don't believe take look, then tell me. I'm nice guy, no worry.

"I use the H1 time frame to act in the same trend using the Williams Percentage Indicator. "
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #1,853
  • Jun 19, 2013 10:05am Jun 19, 2013 10:05am
I do not know if those who have issues with οne macd are in real account
ι use real account 8 pairs and i am positive
and does not matter if one macd turn oposite
i want my total to be +
thanks 100pip again
  • #1,854
  • Jun 19, 2013 10:09am Jun 19, 2013 10:09am
Hey Terry, Just popping in to say hello brother. Good to see your thread (and accounts) thriving buddy.
Ghost Rider - WWTBMD?
  • #1,855
  • Jun 19, 2013 10:52am Jun 19, 2013 10:52am
Dear 100PipsADay :
First of all, many thanks for this money-making thread, and your generosity!!! It is really rear nowadays...
Sorry to disturb you - only 1 question RE your post #1829.
Now, we all know your SL & TP levels, but do you trade with max. open trades per pair 4, or 8 on your accounts? Just as the final confirmation, please.
Many thanks again!
  • #1,856
  • Jun 19, 2013 11:58am Jun 19, 2013 11:58am
Quoting MKFXTrader
{quote} Hey bro. Any reason you prefer G/N over E/N? Maybe not to be over leveraged?
I've also forward tested EUR/NZD but didn't get nearly the same type of results.

I'm not exactly sure why... It might be a little too choppy for this strategy.
  • #1,857
  • Jun 19, 2013 11:58am Jun 19, 2013 11:58am
Quoting discomania
Hi 100Pips, 1 question: in Explorer in bot your demo account are much opened Position without SL and TP, are that Position opened manually? Thanks, Best Regards, Antonio
Yes a lot of these trades were done manually.
  • #1,858
  • Jun 19, 2013 12:00pm Jun 19, 2013 12:00pm
Quoting albchr
Hey Terry, Just popping in to say hello brother. Good to see your thread (and accounts) thriving buddy.
Chris! Good to hear from you buddy. Things have been going great on my end, I've been keeping very busy, sometimes it feels like a little too much is going on...

Stop by more often man!
  • #1,859
  • Jun 19, 2013 12:04pm Jun 19, 2013 12:04pm
Quoting 100PipsADay
{quote} I've also forward tested EUR/NZD but didn't get nearly the same type of results. I'm not exactly sure why... It might be a little too choppy for this strategy.
I know what you mean. Euro pairs as a whole, has been pretty crappy these days. I don't even trade the EUR/USD anymore.
  • #1,860
  • Jun 19, 2013 12:04pm Jun 19, 2013 12:04pm
Quoting stuki
Dear 100PipsADay : First of all, many thanks for this money-making thread, and your generosity!!! It is really rear nowadays... Sorry to disturb you - only 1 question RE your post #1829. Now, we all know your SL & TP levels, but do you trade with max. open trades per pair 4, or 8 on your accounts? Just as the final confirmation, please. Many thanks again!
Most pairs I will have UP TO 8 positions open at any given time.
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