Third Screen Strategy - Dr. Alexander Elder | Page 122 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #2,421
  • Jul 14, 2013 3:17pm Jul 14, 2013 3:17pm
Quoting Offshore
Totally agree with you guys i have been a little caught up in the whole EA thing but never never let it trade by it's self but what has happen after deep personal analysis over the weekend and a few bourbons with Shiraz chasers I have been neglecting my own rules I have been aware from technical point of view that a lot of pairs have been at the limit of their range I mean look at the DOW Monthly and the Dollar index and then Bernake pushed them over the edge while everyone in this system and TSS was over leveraged My personal account was...
OK - so the All Blacks have the rugby sewn up usually, but the Lions did stuff the Wallabies and I'm sure the Kiwis enjoyed that just a bit?
"To live with Passion, it takes Courage and Grace to survive"
  • #2,422
  • Jul 14, 2013 3:40pm Jul 14, 2013 3:40pm
Quoting Britpip7
{quote} OK - so the All Blacks have the rugby sewn up usually, but the Lions did stuff the Wallabies and I'm sure the Kiwis enjoyed that just a bit?
  • #2,423
  • Jul 14, 2013 4:23pm Jul 14, 2013 4:23pm
Quoting claudia1
{quote} Hoy since when was I guy lol! Have a good week and enjoy the bourbon.

Oops Wanna be an honorary guy even though i don't think there would be much honor in it
Especially some of the guys I have meet
I do Good I feel GoodI do Bad I feel Bad
  • #2,424
  • Jul 14, 2013 4:33pm Jul 14, 2013 4:33pm
Quoting Offshore
{quote} Oops Wanna be an honorary guy even though i don't think there would be much honor in it Especially some of the guys I have meet
Yeah why not - pizza and movie time lol might manage a glass of white. Cable going down I'm not in it until the morning and can be be wrong! Good luck all.
  • #2,425
  • Jul 14, 2013 4:36pm Jul 14, 2013 4:36pm
Quoting claudia1
{quote} Yeah why not - pizza and movie time lol might manage a glass of white. Cable going down I'm not in it until the morning and can be be wrong! Good luck all.
Yep the mens club is a grand one (Sorry Blokes couldn't resist)

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I do Good I feel GoodI do Bad I feel Bad
  • #2,426
  • Jul 14, 2013 4:38pm Jul 14, 2013 4:38pm
Quoting Offshore
{quote} Yep the mens club is a grand one (Sorry Blokes couldn't resist) {image}
He he which one is Erebus?
  • #2,427
  • Jul 14, 2013 4:40pm Jul 14, 2013 4:40pm
Quoting normtold
{quote} Hi Khaled, I see a lot of people closing out positions when things go the wrong way. I am surprised you are doing it too, isn't the idea of this strategy to let the positions either hit S/L or T/P? As long as your T/P is greater than your S/L and you win over 50% of the time your account will grow. 100pips has shown the win rate to be much higher than 50% and S/L's can be 1:2 or 1:1.5. Such huge % swings are not for me so I start off with a lower Lot per £1000. I am using 0.02 on 7 pairs, max 8 positions with a £4700 account.
Hi, sometimes the system requires manual intervention. There is nothing to surprise.
KISS - Keep It Simple Smart !!!!
  • #2,428
  • Jul 14, 2013 4:53pm Jul 14, 2013 4:53pm
Quoting khaled_ctg
{quote} Hi, sometimes the system requires manual intervention. There is nothing to surprise.
yes... manual intervention but with profits ... here also your demo account doesn't seem in profit 'though manual interventions as you said .... don't worry also for me it's the same I'm experiencing loss in the last days 'though very small loss cuz I'm on micro account .... also 100pipsday demo account doesn't seems so nice .... I hope it will go better for all of us in the next days ...
  • #2,429
  • Jul 14, 2013 4:55pm Jul 14, 2013 4:55pm
Quoting normtold
{quote} Hi Khaled, I see a lot of people closing out positions when things go the wrong way. I am surprised you are doing it too, isn't the idea of this strategy to let the positions either hit S/L or T/P? As long as your T/P is greater than your S/L and you win over 50% of the time your account will grow. 100pips has shown the win rate to be much higher than 50% and S/L's can be 1:2 or 1:1.5. Such huge % swings are not for me so I start off with a lower Lot per £1000. I am using 0.02 on 7 pairs, max 8 positions with a £4700 account.
That gives you up to 56 positions on wow Toranaga thoughts?
  • #2,430
  • Jul 15, 2013 12:26am Jul 15, 2013 12:26am
Quoting normtold
Such huge % swings are not for me so I start off with a lower Lot per £1000. I am using 0.02 on 7 pairs, max 8 positions with a £4700 account.
That is a funny statement. If such swings are not for you why trading this system at all?
Account of £4700 should be enough to start making living from trading, using normal systems and normal lot sizes.
  • #2,431
  • Jul 15, 2013 4:26am Jul 15, 2013 4:26am
Quoting Indrek
{quote} That is a funny statement. If such swings are not for you why trading this system at all? Account of £4700 should be enough to start making living from trading, using normal systems and normal lot sizes.
eh make a living of an account of only £4700 thats not near enough for an account to make a living from............
  • #2,432
  • Jul 15, 2013 7:04am Jul 15, 2013 7:04am
Quoting paul72
{quote} eh make a living of an account of only £4700 thats not near enough for an account to make a living from............
It is OK for start if taking trading seriously as a full time job. Means full focus on personal system development and no time wasting in FF
  • #2,433
  • Jul 15, 2013 7:06am Jul 15, 2013 7:06am
Quoting acosma
{quote} yes... manual intervention but with profits ... here also your demo account doesn't seem in profit 'though manual interventions as you said .... don't worry also for me it's the same I'm experiencing loss in the last days 'though very small loss cuz I'm on micro account .... also 100pipsday demo account doesn't seems so nice .... I hope it will go better for all of us in the next days ...
Well said ACOSMA.....the strategy is sound but we still need to be diligent at all times...

my trade ex is up already today/this week...my $5000 is still down though..approx $4110 now ( up from $3700)

Cheers S
Onwards and upwards...
  • #2,434
  • Jul 15, 2013 7:15am Jul 15, 2013 7:15am
Quoting soccerfan
{quote} Well said ACOSMA.....the strategy is sound but we still need to be diligent at all times... my trade ex is up already today/this week...my $5000 is still down though..approx $4110 now ( up from $3700) Cheers S
most pairs still at consolidation and false reverse by macd, 20&50 still hold...I don't know but 20&50 is for sure more conservative but it requires a very big patience...
  • #2,435
  • Jul 16, 2013 8:55am Jul 16, 2013 8:55am
quiet thread ... no money, no more party ;-)
  • #2,436
  • Jul 16, 2013 8:59am Jul 16, 2013 8:59am
Quoting acosma
quiet thread ... no money, no more party ;-)
I still make money with the 3SS.
Floating profit of +7,000 Pips...turned around from a drawdown of -6,000 Pips.
  • #2,437
  • Jul 16, 2013 9:12am Jul 16, 2013 9:12am
Quoting Olarion1975
{quote} I still make money with the 3SS. Floating profit of +7,000 Pips...turned around from a drawdown of -6,000 Pips.
which open trades you have ? on which pairs ?
  • #2,438
  • Jul 16, 2013 9:25am Jul 16, 2013 9:25am
Quoting acosma
{quote} which open trades you have ? on which pairs ?
I have 157 open positions on 20 pairs. Not all of them are in agreement with the D1 MACD as I anticipated an early trend change.
  • #2,439
  • Jul 16, 2013 9:33am Jul 16, 2013 9:33am
Quoting Olarion1975
{quote} I have 157 open positions on 20 pairs. Not all of them are in agreement with the D1 MACD as I anticipated an early trend change.

so you didn't disabled any pair, you are just trading with ea without manual intervention, I mean in particular switching on/off the ea on some pairs.
  • #2,440
  • Jul 16, 2013 9:55am Jul 16, 2013 9:55am
Quoting acosma
{quote} so you didn't disabled any pair, you are just trading with ea without manual intervention, I mean in particular switching on/off the ea on some pairs.
Not quite. I disabled the EA on some selected pairs and entered manually to get a better entry point. On some pairs, I added some positions manually later on.
On other pairs, I disabled the EA for a certain time when price was ranging.
Futhermore I have up to 16 open positions on several pairs, depending on the strength of the trend.

In fact, I would never use the EA without manual intervention!
I permanently watch the charts and decide which pairs range, which trend, where are s/r zones etc. on the daily and weekly timeframe.
I also look for chart patterns (double tops/bottoms) and price action (outside/engulfing bars) to decide when and where to enter new trades.
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