Third Screen Strategy - Dr. Alexander Elder | Page 94 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #1,861
  • Jun 19, 2013 12:22pm Jun 19, 2013 12:22pm
Quoting 100PipsADay
{quote} Yes a lot of these trades were done manually.
Ok thanks you very much.
Best Regards,
Antonio
  • #1,862
  • Jun 19, 2013 12:33pm Jun 19, 2013 12:33pm
Hello good guy 100PipsADay, (or anyone else willing to tell answer)


What you think of post #1849? I try to combine both strategy? Am I missing something? Looks like identical both strategy, only difference in D1 chart, no? No one reply, maybe I miss something. Please let me know what you are thinking in your mind. Thanks the many.
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #1,863
  • Jun 19, 2013 12:36pm Jun 19, 2013 12:36pm
Quoting forexaccent
Hello good guy 100PipsADay, (or anyone else willing to tell answer) What you think of post #1849? I try to combine both strategy? Am I missing something? Looks like identical both strategy, only difference in D1 chart, no? No one reply, maybe I miss something. Please let me know what you are thinking in your mind. Thanks the many.
Erebus and I have actually thought about this as well, like you said, when MACD is UP AND price is above both the 20 EMA & 50 EMA it is like a "double" confirmation. However, this strategy probably wouldn't "play" as often as the Third Screen Strategy that we are using.

Feel free to try it out! I personally think the Buy/Sell signals would be solid!
  • #1,864
  • Edited 12:56pm Jun 19, 2013 12:42pm | Edited 12:56pm
Okay great, mother will be excited. I can't wait to tell her good news. Tell me what this means, " Buy/Sell signals would be solid!" You mean the BUY and SELL signals from the 3SS or the D-1 20 & 50 EMA? I think you mean both together as buy and sell signals, but I make sure before presentation.
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #1,865
  • Jun 19, 2013 12:54pm Jun 19, 2013 12:54pm
Quoting forexaccent
{quote} Okay great, mother will be excited. I can't wait to tell her good news. Tell me what this means, " Buy/Sell signals would be solid!" You mean the BUY and SELL signals from the 3SS or the D-1 20 & 50 EMA? I think you mean both together as buy and sell signals, but I make sure before presentation.
He means there would be a high chance of your trade going in the direction of the trend, since both indicators are in agreement.
  • #1,866
  • Jun 19, 2013 12:58pm Jun 19, 2013 12:58pm
Quoting Tok
{quote} He means there would be a high chance of your trade going in the direction of the trend, since both indicators are in agreement.

Tonight at dinner I share good news with mother. I shall slaughter the fattest pig, and drink the finest wine we have, and toast in your good name "100PipsADay".
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #1,867
  • Jun 19, 2013 1:06pm Jun 19, 2013 1:06pm
WOW we just took a huge hit hahahahhahhahah that was insane

time to look for OS/OB and open even more positions hehehehe
  • #1,868
  • Jun 19, 2013 1:12pm Jun 19, 2013 1:12pm
Yes dollar get strong, but will go back to normal, don't worry guy, I have back. Just news, but watch AUD will still make strong like Popeye. I know very much so, so no worry.
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #1,869
  • Jun 19, 2013 1:22pm Jun 19, 2013 1:22pm
WOW I have NEVER seen fluctuations like this in my life. VERY EXCITING to see.


EURAUD IS OB.

AUDUSD is OS.

NZDUSD IS OS.
  • #1,870
  • Jun 19, 2013 1:26pm Jun 19, 2013 1:26pm
It happens twice a week..
How to opt out annoying user signatures ??
  • #1,871
  • Jun 19, 2013 1:27pm Jun 19, 2013 1:27pm
With the FOMC release. Third screen strategy is getting killed, while 20/50 EMA strategy is kicking tail and taking names(Awesome).
  • #1,872
  • Jun 19, 2013 1:30pm Jun 19, 2013 1:30pm
Quoting MKFXTrader
With the FOMC release. Third screen strategy is getting killed, while 20/50 EMA strategy is kicking tail and taking names(Awesome).
Its just news fluctuations, right? The trends should go back on course soon after the chaos has settled down?

ANd this gives us new opportunities to open more positions on pairs as they enter OS/OB.

EDIT: It seems like all my trades are recovering....
  • #1,873
  • Jun 19, 2013 1:43pm Jun 19, 2013 1:43pm
Quoting Tok
{quote} Its just news fluctuations, right? The trends should go back on course soon after the chaos has settled down? ANd this gives us new opportunities to open more positions on pairs as they enter OS/OB. EDIT: It seems like all my trades are recovering....
USD should strengthen across the board in coming days as FED has stated QE will be tapered. Risk off should weaken AUD and NZD.
  • #1,874
  • Jun 19, 2013 1:46pm Jun 19, 2013 1:46pm
Quoting MKFXTrader
{quote} USD should strengthen across the board in coming days as FED has stated QE will be tapered. Risk off should weaken AUD and NZD.
So what? The AUD and NZD trends are going to reverse against us?
  • #1,875
  • Jun 19, 2013 1:54pm Jun 19, 2013 1:54pm
Quoting Tok
{quote} So what? The AUD and NZD trends are going to reverse against us?
MACD just flipped uptrend on E/A daily.
  • #1,876
  • Jun 19, 2013 2:17pm Jun 19, 2013 2:17pm
Just hit s/l on gbp/aud and aud/usd. These particular positions were opened a few days ago. Ouch
  • #1,877
  • Jun 19, 2013 2:25pm Jun 19, 2013 2:25pm
Well the 1 Gbp/Aud long I kept open hit T/P but a couple of Aud/Usd longs hit S/L and have some drawdown.


Pairs with no open positions have been disabled for now and the rest I will wait and see what happens when the dust settles and reassess.


Losses are part of the strategy and hope to catch the next trends.
  • #1,878
  • Jun 19, 2013 3:11pm Jun 19, 2013 3:11pm

You think tonight is good day to start the EA? I will start with real account $1,000. Maybe 8 or 9 pairs for maximum of 4 trades open per currency at .10 cent per pip. What you think? Or maybe wait till next week, let dust settle, because now AUD currency MACD is down so only looking for sell? Please tell me.

I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #1,879
  • Jun 19, 2013 3:16pm Jun 19, 2013 3:16pm
Quoting forexaccent
You think tonight is good day to start the EA? I will start with real account $1,000. Maybe 8 or 9 pairs for maximum of 4 trades open per currency at .10 cent per pip. What you think? Or maybe wait till next week, let dust settle, because now AUD currency MACD is down so only looking for sell? Please tell me.
I think you trading 8-9 pairs with a 1k account is ridiculous. How about 4 pairs?
  • #1,880
  • Jun 19, 2013 3:22pm Jun 19, 2013 3:22pm
Okay I will try. Maybe which pairs, you know good ones? How many maximum to open? How many, .10 or .20 per pip?


NZD/JPY
CAD/JPY
AUD/JPY
EUR/AUD
GBP/AUD
EUR/CAD
AUD/USD
NZD/USD
GBP/NZD
GBP/USD
EUR/USD
I making the big monies, so far +10 pips. Follow me if you nice guy...
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