Third Screen Strategy - Dr. Alexander Elder | Page 107 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #2,121
  • Jul 3, 2013 6:30am Jul 3, 2013 6:30am
Quoting Erebus
{quote} It will take more than just 1 daily candle to make a trend change, today's range is 144 thus far, not much more than the usual 126, just happens to all be in one direction!

As I said - up to anyone's discretion. I would not take short trades when MACD is red BUT clearly rising. That was what I meant
Such system needs much patience not only when being in trades but also when being out of trades.
  • #2,122
  • Jul 3, 2013 6:36am Jul 3, 2013 6:36am
Quoting Erebus
{quote} Any chance of a screen shot or list of open trades? What settings are you using? Seems you may have started at exact wrong time?
Must have been the wrong entry point. Indeed. I´m using the original settings 100pipsaday posted earlier.
Just the first half of the open positions here:
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  • #2,123
  • Jul 3, 2013 8:10am Jul 3, 2013 8:10am
Quoting tikku
{quote} Must have been the wrong entry point. Indeed. I´m using the original settings 100pipsaday posted earlier. Just the first half of the open positions here: {image}
Yeah, you got all the YEN pairs and then the GBP made huge move today

But this kind of thing has been known to reverse the next day, holiday tomorrow in USA, so maybe next day after

Wait & see
It takes a lot for me to IGNORE you, but you can try.
  • #2,124
  • Jul 3, 2013 9:41am Jul 3, 2013 9:41am
Quoting Erebus
{quote} Yeah, you got all the YEN pairs and then the GBP made huge move today But this kind of thing has been known to reverse the next day, holiday tomorrow in USA, so maybe next day after Wait & see

And don't forget it is nfp on Friday so not expecting much of a slowdown on. Pa this week

Overall most trends are intact wigh the 20ema holding
"To live with Passion, it takes Courage and Grace to survive"
  • #2,125
  • Edited 10:17am Jul 3, 2013 9:51am | Edited 10:17am
Quoting Flamenco143
100Pips: A couple of years back I developed a very profitable scalping system that I refused to post on the FF because I knew that I lacked the patience, helpfulness, and ability that you exhibit in your postings to consistently answer the same questions asked over and over again by those too lazy to read the thread and learn the system, or those always wanting to be spoon fed by daily posting charts and asking your opinion. Good grief - you laid out the system in an understandable and simple manner AND THEN posted an EA for it. Doesn't take a brain...
I agree. Thank you. Colleagues and have I started selling both EA's on ebay, craigslist, etc. of course under a different name. I told everyone that this is the "Holy Grail" they have been looking for. I provide people with 2 months of past results and these EA's are flying off the shelves. I too have been trying to be patient in answering all the noobs on what settings to put, how to load the EA with indicators, etc. I get the same questions over and over from many people since I have sold over 200 copies, but am getting tired of answering the questions. I generally sell the D1 20&50 EA for $250 and the 3SS for $300, but had a few noobs buy it for as much as $800 a pop. Just wondering do you have anything in writing (a pdf format would be great) as far as the settings to input? I sell both 3SS and D1 20&50 EMA EA's (but using different names), so if you had one pdf file for each, that would be great.

So thank you to everyone, I have been able to profit in a different way, and will continue to profit as long as this thread remains open. Let me know when the Grid EA or next EA comes out. I will be eagerly waiting as I have a few customers wanting more. I wll continue to wait on the sidelines, on this thread. You guys have been great.
Faith ends where worry begins, and worry ends where faith begins.
  • #2,126
  • Jul 3, 2013 10:21am Jul 3, 2013 10:21am
Forexvegan, This is unethical isn't it? Pocketing sales from another persons hard work that is giving it out for free.
  • #2,127
  • Edited 10:56am Jul 3, 2013 10:38am | Edited 10:56am
Quoting Savager
Forexvegan, This is unethical isn't it? Pocketing sales from another persons hard work that is giving it out for free.
Sorry I am busy over here selling EA's so I won’t have time to come on here as much, but will answer this only question. No its not unethical because I changed a few things like the name of the EA, etc. How do you think the water bottle companies started? One had an idea to put an water in a plastic bottle. One had an idea. How do you think gum started? One had an idea to put sugar on rubber. One had the idea. Get the concept? Now how many water bottle companies are there, how many companies sell gum? You can even go to the United States Patent and Trademark Office and get a patent even if it was free originally. Perfect example is water. You get it for free, or many people will be glad to pay for it. As long as something has changed from the original, it is your own. As long as 100PipsAday is allowing this thread to stay open, anyone including me can download it by simply creating a FF username. I can then do with the EA whatever I desire. Why do you think it is now legal to jailbreak your iPhone or root your Android. Because it is yours, you can do whatever you want with it. So no I don't think it's unethical. Any other questions won’t be answered by me, as I have a ton of questions to answer by noobs already in my outlook. If anyone wants to buy a copy of the 3SS or D1 20&50 EMA let me know, I provide 2 months of back results, and answer questions. I'll sell the D1 EMA for $250 an 3SS for $300. I mainly take Credit Cards, and Paypal. Anyways back to my business of selling EA's. I am close to making 75,000 USD profit so far off these 2 EA's. Thanks guys, keep up the great work.
Faith ends where worry begins, and worry ends where faith begins.
  • #2,128
  • Jul 3, 2013 1:19pm Jul 3, 2013 1:19pm
Is this the author of the book Trading for a living?
Better to win one trade a week than to lose many a day.
  • #2,129
  • Jul 3, 2013 1:23pm Jul 3, 2013 1:23pm
Quoting forexvegan
{quote} Sorry I am busy over here selling EA's so I won’t have time to come on here as much, but will answer this only question. No its not unethical because I changed a few things like the name of the EA, etc. How do you think the water bottle companies started? One had an idea to put an water in a plastic bottle. One had an idea. How do you think gum started? One had an idea to put sugar on rubber. One had the idea. Get the concept? Now how many water bottle companies are there, how many companies sell gum? You can even go to the United States...
Total respect for you Forexpimp. I wonder if you started pimping with female members of your family or just launched the business model with yourself as the merchandise?
  • #2,130
  • Jul 3, 2013 1:35pm Jul 3, 2013 1:35pm
Quoting shiva
{quote} Total respect for you Forexpimp. I wonder if you started pimping with female members of your family or just launched the business model with yourself as the merchandise?
LOL

I can almost guarantee everybody here that this "ForexVegan" guy hasn't made very many sales (if any).

Out of curiousity I will private message him asking him for the new names of the EAs and if he doesn't respond then I will know he is a fraud and is just here looking to stir the pot. If he does respond with new names then I will look around on ebay at recently sold items to see if what he is saying is true.

**I have no problem with him doing what he is doing as quite a bit of work will come from marketing and advertising and I am not against anybody making money as I'm a capitalist myself. However, I still think he is full of crap when he says he has sold lots of systems...
  • #2,131
  • Jul 3, 2013 1:37pm Jul 3, 2013 1:37pm
Quoting forexvegan
{quote}I have been able to profit in a different way, and will continue to profit as long as this thread remains open.
Troll.
  • #2,132
  • Jul 3, 2013 10:29pm Jul 3, 2013 10:29pm
Hello, everyone!

I posted in the D1 20/50 EMA Thread but I wanted to say "Hello" here as well.

I have been using this system for a few weeks now and actually doubled my small micro account in 3 weeks. Thanks Khaled and 100Pips!

I actually don't have any questions regarding the system but a comment. 100Pips, my favorite post on this thread is "Post # 29." That post was should be in the "hall of fame." Thanks!
I love forex. One day it will love me back.
  • #2,133
  • Jul 3, 2013 10:42pm Jul 3, 2013 10:42pm
Quoting Singha83
Hello, everyone! I posted in the D1 20/50 EMA Thread but I wanted to say "Hello" here as well. I have been using this system for a few weeks now and actually doubled my small micro account in 3 weeks. Thanks Khaled and 100Pips! I actually don't have any questions regarding the system but a comment. 100Pips, my favorite post on this thread is "Post # 29." That post was should be in the "hall of fame." Thanks!
Those who were paying attention to the fundamentals as well as the technicals made a LOT of money with USD/JPY and the JPY cross pairs in the following months!
  • #2,134
  • Edited 5:09am Jul 4, 2013 4:59am | Edited 5:09am
Quoting 100PipsADay
{quote} Those who were paying attention to the fundamentals as well as the technicals made a LOT of money with USD/JPY and the JPY cross pairs in the following months!
hey 1oo pips, not received a response to one of my previous posts.

what are the revised stop loss and take profit levels for the pairs you trade ? i know you were experimenting with various levels. what was the final outcome ?


is anyone going long on gbpjpy ? both daily and H1 agree..., it seems the jpy cross pairs are heading down for a bit though, accordiong my own technical analysis. but i will stick to the third screen strat....


congratulations on how well you have done on your live account. the result is impressive, but we cannot possibly achieve the same because you trade almost every single pair it seems, the max i have ever traded is 6 pairs at the same time. but iam still averaging around 200-400 pips a week with hardly spending much screen time !

i got 100 pips out of the ej yesterday. thus far this week 230 pips. presently long eu, thinking of going long gj and gu. will analyse and enter
  • #2,135
  • Jul 4, 2013 5:35am Jul 4, 2013 5:35am
Quoting whatfx
{quote} hey 1oo pips, not received a response to one of my previous posts. what are the revised stop loss and take profit levels for the pairs you trade ? i know you were experimenting with various levels. what was the final outcome ? is anyone going long on gbpjpy ? both daily and H1 agree..., it seems the jpy cross pairs are heading down for a bit though, accordiong my own technical analysis. but i will stick to the third screen strat.... congratulations on how well you have done on your live account. the result is impressive, but we cannot possibly...
http://www.forexfactory.com/showthre...80#post6763080
  • #2,136
  • Jul 4, 2013 5:43am Jul 4, 2013 5:43am
A common mistake that many people do - they handle floating profit as final profit. In fact, there is no profit nor loss until all trades have been closed. The fact that floating profit is +2000 pip or sth does not mean anything if you do not cash it at that very moment.
  • #2,137
  • Jul 4, 2013 6:09am Jul 4, 2013 6:09am
Quoting whatfx
{quote} hey 1oo pips, not received a response to one of my previous posts. what are the revised stop loss and take profit levels for the pairs you trade ? i know you were experimenting with various levels. what was the final outcome ? is anyone going long on gbpjpy ? both daily and H1 agree..., it seems the jpy cross pairs are heading down for a bit though, accordiong my own technical analysis. but i will stick to the third screen strat.... congratulations on how well you have done on your live account. the result is impressive, but we cannot possibly...

MMs saw many coming and decided to short GJ GU. I am on the sidelines for these but see upside for EU.
None the wiser!
  • #2,138
  • Jul 4, 2013 6:10am Jul 4, 2013 6:10am
Quoting Indrek
A common mistake that many people do - they handle floating profit as final profit. In fact, there is no profit nor loss until all trades have been closed. The fact that floating profit is +2000 pip or sth does not mean anything if you do not cash it at that very moment.
anyway better than -2000 pips floatng ...
  • #2,139
  • Jul 4, 2013 6:12am Jul 4, 2013 6:12am
Regarding floating profit...6,000+ PIPS at the moment.
Yesterday I had a draw down of -5,000 PIPS...

PS: Meanwhile about +7000 PIPS...
Attached Image
  • #2,140
  • Jul 4, 2013 6:16am Jul 4, 2013 6:16am
Quoting acosma
{quote} anyway better than -2000 pips floatng ...
Same, in fact -2000 can turn into +2000 and vice versa. You can be happy or unhappy only after the trades are closed. Since then, just patience and discretion needed.
Besides, we do not trade for pips, we trade for money. If we need to reduce our lot size for enabling 4-8 trades per 10 pairs then +2000 or +6000 pips can be quite a modest result...
Do not take it as criticism of the system. I like it. I just want to point out some important details that should be taken into account before making final conclusions.
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