Third Screen Strategy - Dr. Alexander Elder | Page 117 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #2,321
  • Jul 9, 2013 2:33pm Jul 9, 2013 2:33pm
Quoting claudia1
{quote} want my paypal details then?
Yes please, make sure to include your password as well. (jk)
  • #2,322
  • Jul 9, 2013 2:38pm Jul 9, 2013 2:38pm
Quoting 100PipsADay
{quote} Yes please, make sure to include your password as well. (jk)
Being serious for once check out the usd/jpy on the daily
  • #2,323
  • Jul 9, 2013 2:44pm Jul 9, 2013 2:44pm
Quoting 100PipsADay
{quote} This started happening when I posted my goals for the different accounts, and yes, the $5k (now $6k) account was included... You're right, it was my idea to show people how to operate a $5k account, nothing has changed, go back to the first post of the "$5k Live Test" and you will know exactly what to do. I think I'm doing enough around here for everybody don't you? Maybe YOU could show us how you keep your emotions in check and trade on a regular basis? Please start posting your LIVE results for everybody here to see on at least a weekly...
This started happening when I posted my goals for the different accounts, and yes, the $5k (now $6k) account was included... You're right, it was my idea to show people how to operate a $5k account, nothing has changed, go back to the first post of the "$5k Live Test" and you will know exactly what to do. I was not asking what to do at all that bit is obvious, telling someone to do something and showing them are 2 different things.

I think I'm doing enough around here for everybody don't you? You can never do enough for people as people can never do enogh for you.
Maybe YOU could show us how you keep your emotions in check and trade on a regular basis? Please start posting your LIVE results for everybody here to see on at least a weekly basis, preferably on a daily basis. Thanks Stompe! I'm hoping you will start doing this for us immediately!

I expected this defensive remark, soory im not biting.

By the way, watching somebody's live account or demo account will NOT make a difference for a new trader... My trading psychology is not going to affect your trading psychology one bit. You can either trade real money or you can't! Not sure how my emotions are going to affect yours or anybody else's for that matter. I must be missing something here... It will make a big differance watching somebody trade live and things are starting to go against them it shows that you as a pro do not alter the way you trade and dont panic, its easy saying it but doing it is hard if people see this and your emotions dont change the way you trade this can only help.

Trading is what YOU make it" (not what I make it...)[/ true but but we all need guidance and advice even you.
Dont mean to get under your skin just responding.
Making money is easy,losing money is easier
  • #2,324
  • Jul 9, 2013 3:04pm Jul 9, 2013 3:04pm
Quoting claudia1
{quote} Being serious for once check out the usd/jpy on the daily
Hi Claudia1,

I have been watching all Yen pairs with interest. There is JPY news in a few hours the Monetary Policy Meeting Minutes so this could cause a stir or two. That is why things are so cagey just now. Keep an eye on the Eurjpy as well if that starts to creep up then the bull run could continue. But there is divergence on the 1hr %R on UJ and CJ and AJ so not looking too good.
  • #2,325
  • Jul 9, 2013 3:08pm Jul 9, 2013 3:08pm
Quoting Stompe
{quote} This started happening when I posted my goals for the different accounts, and yes, the $5k (now $6k) account was included... You're right, it was my idea to show people how to operate a $5k account, nothing has changed, go back to the first post of the "$5k Live Test" and you will know exactly what to do. I was not asking what to do at all that bit is obvious, telling someone to do something and showing them are 2 different things. I think I'm doing enough around here for everybody don't you? You can never do enough for people as people...
This is from a different strategy, the only one in which I use MT4 with. But you wanted to see how I handle trading REAL money, here you are:

$25,000 Deposit late January 2013

Withdrawals - $50,500

Balance - $26,159

Are you happy now? Now drop it because you are starting to get under my skin...

Now I expect you to post some of your live results for ALL of us to see, otherwise, you can take a nice little vacation from posting in this thread aka termporarily BANNED.

I don't need to prove anything to anybody here and if all you want to do is argue back and forth then you can take a seat on my Iggy List for a while.

I expect to see some of your LIVE statistics very soon otherwise you can no longer post here. I showed you now you show me, simple as that. I don't do "double standards" and I won't allow you to either!
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  • #2,326
  • Jul 9, 2013 3:11pm Jul 9, 2013 3:11pm
Quoting 100PipsADay
{quote} This is from a different strategy, the only one in which I use MT4 with. But you wanted to see how I handle trading REAL money, here you are: $25,000 Deposit late January 2013 Withdrawals - $50,500 Balance - $26,159 Are you happy now? Now drop it because you are starting to get under my skin... {image}
NO you forgot the the account number and password!!
  • #2,327
  • Jul 9, 2013 3:13pm Jul 9, 2013 3:13pm
Quoting TradingTiger
{quote} Hi Claudia1, I have been watching all Yen pairs with interest. There is JPY news in a few hours the Monetary Policy Meeting Minutes so this could cause a stir or two. That is why things are so cagey just now. Keep an eye on the Eurjpy as well if that starts to creep up then the bull run could continue. But there is divergence on the 1hr %R on UJ and CJ and AJ so not looking too good.
eur/jpy could be interesting - its way too late for me to trade but I see what you saying. PIPPY chill don't let them get to you.
  • #2,328
  • Jul 9, 2013 3:17pm Jul 9, 2013 3:17pm
Quoting TradingTiger
{quote} NO you forgot the the account number and password!!
Hahahaha what is it with some people...

"Give an Inch and they'll take a Mile"

In this case, you give somebody a profitable strategy for free along with recommended pairs, rules, parameters, and money management and they ask you to show them live accounts even though you said you are no longer going to post them for various reasons.
  • #2,329
  • Jul 9, 2013 3:25pm Jul 9, 2013 3:25pm
Quoting 100PipsADay
{quote} This is from a different strategy, the only one in which I use MT4 with. But you wanted to see how I handle trading REAL money, here you are: $25,000 Deposit late January 2013 Withdrawals - $50,500 Balance - $26,159 Are you happy now? Now drop it because you are starting to get under my skin... Now I expect you to post some of your live results for ALL of us to see, otherwise, you can take a nice little vacation from posting in this thread aka termporarily BANNED. I don't need to prove anything to anybody here and if all you want to do is...
the ignore list is growing
"To live with Passion, it takes Courage and Grace to survive"
  • #2,330
  • Jul 9, 2013 3:36pm Jul 9, 2013 3:36pm
Quoting claudia1
{quote} eur/jpy could be interesting - its way too late for me to trade but I see what you saying. PIPPY chill don't let them get to you.
Too late for me to trade as well Claudia1, but not to manage my open trades!
  • #2,331
  • Jul 9, 2013 3:45pm Jul 9, 2013 3:45pm
Black Screen was the problem...I had missed that little tidbit....Thanks for the quick reply...I have been keeping up with both methods since you first started the EMA Thread....Both are FANTASTIC!!!!!...Thank you so much for all you have given....I had been studying and trying to use Strat's daily tf for a good while and was never comfortable trying to get entry into an ongoing trend ...You have given me what I was missing....The proper trigger....+ much more insight''''
Thanks to you HP, Khalid, Erebus and all the other great folks who have contributed...

Don
  • #2,332
  • Jul 9, 2013 4:13pm Jul 9, 2013 4:13pm
Quoting degil
Black Screen was the problem...I had missed that little tidbit....Thanks for the quick reply...I have been keeping up with both methods since you first started the EMA Thread....Both are FANTASTIC!!!!!...Thank you so much for all you have given....I had been studying and trying to use Strat's daily tf for a good while and was never comfortable trying to get entry into an ongoing trend ...You have given me what I was missing....The proper trigger....+ much more insight'''' Thanks to you HP, Khalid, Erebus and all the other great folks who have contributed......
  • #2,333
  • Jul 9, 2013 5:30pm Jul 9, 2013 5:30pm
Quoting TradingTiger
{quote} Hi fellow Traders, First of all i would just like to say big thanks to 100pips for this great Thread and all the hard work of forward/backward/bungy testing that you have done here, great job! I found this Thread when you first started it, then i was away for a month only to come back and there was a 100 pages!!! So can you stop posting for a week i need to catch up!!!! (just joking) Its a simple and effective system if you use the correct MM, why open 8 positions on 8 pairs if your account can only handle 4?? So my advice is read thro the...
Hello TradingTiger,
I welcome your thanks.
Did you remember my entrance to this thread? 100PipsADay and other members were kind enough to make me understand the strategy. I was wonder how simple and easy the system is!!!!

But sometimes it is boarious and labourios when a trader has to shift one chart to another and spend whole time sitting in front of the Computer to catch the opportunity when price hits to H1 O/B or O/S. It brought me an idea to program it. 100PipsADay helped me to build an effective algorithm. I did it. And now I find that it works for all. I really feel very happy.
I don't expect only thanks but a little prayer for me so that I can be a millionaire or a bit better to be a billionaire !!!!!!!!

Anyway thanks again for your complements.

Happy Trading.

Regards,
Khaled
KISS - Keep It Simple Smart !!!!
  • #2,334
  • Jul 9, 2013 5:32pm Jul 9, 2013 5:32pm
Quoting Offshore
{quote} Will do V1.3 only has he trailing stop feature as a difference though?? MACDSSS installed cheers

WARNING WARNING WILL ROBINSON

I have stripped my charts and started one of my demo's again (unfortunately can't do that for the live account)

I could not work out what was going on but I think that every time I have loaded an indicator or and EA then saved my template it still had old stuff in the background I looked at my indicators list on my charts and there was a heap of old stuff there so my tip is if you load a new EA make sure your indicator is clean and start from scratch

Hope this helps

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I do Good I feel GoodI do Bad I feel Bad
  • #2,335
  • Jul 9, 2013 7:39pm Jul 9, 2013 7:39pm
Quoting 100PipsADay
{quote} EUR/JPY D1 MACD - Uptrend H1 Williams % - Over Sold This means that BUY positions will be opened up. {image} {image}
100PipsAday, thank you for educating me.

If I remembered correctly, for Third Screen Strategy, I need to look at the Weekly Trend, Daily Trend, and H1 Williams % for each trade. Am I right?

Is there a reason that the EA ignores the Weekly Trend?

Thank you.
Keep learning while you are alive!
  • #2,336
  • Jul 9, 2013 7:49pm Jul 9, 2013 7:49pm
Quoting exiao
{quote} 100PipsAday, thank you for educating me. If I remembered correctly, for Third Screen Strategy, I need to look at the Weekly Trend, Daily Trend, and H1 Williams % for each trade. Am I right? Is there a reason that the EA ignores the Weekly Trend? Thank you.
IF, and only IF you are able to properly recognize potential trend reversals through price action @ support / resistance (PASR) on the Weekly time frames then you may take the weekly into consideration.

Otherwise, I highly recommend you only stick to the Daily time frame for overall trend and H1 for entries.
  • #2,337
  • Jul 10, 2013 1:12am Jul 10, 2013 1:12am
Quoting 100PipsADay
{quote} IF, and only IF you are able to properly recognize potential trend reversals through price action @ support / resistance (PASR) on the Weekly time frames then you may take the weekly into consideration. Otherwise, I highly recommend you only stick to the Daily time frame for overall trend and H1 for entries.
Most of the JPY pairs have now broken the 4hr trend line, so becareful. i have personally closed all jpy pair longs from last week in my live account. I have also turned off the EA on those pairs for now until i can further asses wheather this is just a pullback or change in trend. I noticed the EA on gbpjpy is looking for shorts.
Becareful out there!
  • #2,338
  • Jul 10, 2013 2:13am Jul 10, 2013 2:13am
well, i did mention last week that the jpy pairs were gonna head south. looks like this is what is happening. any further longs will have to be when daily macd shows a buy.

in the meantime iam observing gj and will take long position based on my own trading method and analysis.

got a solid 50 pips out of gu long today.

ALSO, PLEASE STOP BICKERING PEOPLE AND STICK TO DISCUSSING TRADES AND THIRD SCREEN STRATEGY ONLY. THIS THREAD IS TURNING INTO A SCHOOL CHILDRENS PLAYGROUND.
  • #2,339
  • Edited 4:06am Jul 10, 2013 3:41am | Edited 4:06am
I would like to give you some facts about my 2 weeks trading the Third Screen Strategy on my live account.

Period: 27/06/2013 - 10/07/2013
Pairs: 20 (pairs, SL & TP settings according to 100PipsADay's demo #2)
Max. positions: 8
Delay hours: 6
Trading style: mixed (EA for entering trades, partly manual intervention)
Risk / exposure: 1 standard lots per $2500 / max. 100 open positions
Trades: 138
Gain: 81.75% (calculated by myfxbook), 23.74% (June), 46.88% (July)
Total pips: 11,848
Win rate: 68.5%
Profit factor: 6.35
Risk of ruin: <0.01%

Floating profit: +2,600 pips, 5.7% gain

** The Abs. Gain calculated by myfxbook is much lower because I deposited additional funds in this period.
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  • #2,340
  • Jul 10, 2013 4:41am Jul 10, 2013 4:41am
hi,
anyone can tell what is the main difference between the two attached trade explorers?

Thanks.
Money is important, Love is essential.
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