Third Screen Strategy - Dr. Alexander Elder | Page 130 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Substitute for screen time? 5 replies

Alexander Elder's Channel 4 replies

Elder-Rays 3 replies

Attachments: Third Screen Strategy - Dr. Alexander Elder
Exit Attachments

Third Screen Strategy - Dr. Alexander Elder

  • #2,581
  • Jul 27, 2013 6:54pm Jul 27, 2013 6:54pm
Can't even see what country they are based in in? This reads like something written in Nigeria, and nowhere on the website does it mention what regulation they come under? Better check where and what they do with your funds before joining!

Regulation:
Profiforex' clients enjoy the financial services of reliable and respectable broker. We insist on the highest standards so that our clients can be sure that they are trading through reliable and professional liquidity providers.
It takes a lot for me to IGNORE you, but you can try.
  • #2,582
  • Jul 27, 2013 7:25pm Jul 27, 2013 7:25pm
Erebus,

If you had clicked on the "Contact Us" tab you will find that they are located in the Seychelles. Also, a simple Google search will tell you everything you need to know from 3rd party reviews.

I've never had a problem withdrawing funds from ProfiForex and have already received back more than twice what I've put in throughout the past year or so.

Everybody please do your own due diligence before depositing funds with ProfiForex or any broker for that matter. I only recommend this to U.S. traders as our options are limited. If you are happy with your current broker then don't feel obligated to change!
  • #2,583
  • Jul 27, 2013 10:38pm Jul 27, 2013 10:38pm
Quoting 100PipsADay
Attention U.S. Traders: If you are looking for a reputable broker outside the U.S. in order to trade with more leverage and to get around the FIFO rule then take a look at ProfiForex. I've had a few live accounts with them for over a year now and I've been extremely pleased with their customer service and timely withdrawals - they're a great choice in my opinion. ProfiForex Accepts U.S. Clients 1:500 Leverage Allows Hedging Instant Execution & Market Execution...
Thanks for throwing this up. I was going to ask if you had a preferred broker from the list you had put up before. Right now for what I am doing, FXCM is good for me.

However, as I learn more and more as a trader, using a U.S. broker does leave the options limited. I mentioned before about using a recovery system that would work wonders trading the 3SS strategy. Only problem is the FIFO rule. Also, I would like to demo some other strategies(i.e. hedging, high leverage etc..) just to see if they fit into my overall trading plan.

Thanks again
  • #2,584
  • Jul 27, 2013 11:46pm Jul 27, 2013 11:46pm
Quoting crottsinabox
{quote} Thanks for throwing this up. I was going to ask if you had a preferred broker from the list you had put up before. Right now for what I am doing, FXCM is good for me. However, as I learn more and more as a trader, using a U.S. broker does leave the options limited. I mentioned before about using a recovery system that would work wonders trading the 3SS strategy. Only problem is the FIFO rule. Also, I would like to demo some other strategies(i.e. hedging, high leverage etc..) just to see if they fit into my overall trading plan. Thanks again...
No problem!
  • #2,585
  • Jul 28, 2013 3:53am Jul 28, 2013 3:53am
Quoting Erebus
Can't even see what country they are based in in? This reads like something written in Nigeria, and nowhere on the website does it mention what regulation they come under? Better check where and what they do with your funds before joining! Regulation: Profiforex' clients enjoy the financial services of reliable and respectable broker. We insist on the highest standards so that our clients can be sure that they are trading through reliable and professional liquidity providers.
Erebus,
Your comment sometime(like the highlighted above) seem to vague and shallow, and shows that you do not check your facts properly. There are good things that come out of Nigeria. Your country, Greece, is not better , if not worst than Nigeria in crime. Thanks 100PipsADay for correcting him
  • #2,586
  • Jul 28, 2013 7:25am Jul 28, 2013 7:25am
Hey Erebus you getting shouted at quite a bit lately And pippy got some modifications to ask Khaled to do to the ea it's taking way too many trades. I keep testing next week then ask him rather than go backwards and forwards. Have a good week all (even the Erebus hate club he he).
  • #2,587
  • Jul 28, 2013 7:34am Jul 28, 2013 7:34am
Quoting Godwin Igili
{quote} Erebus, Your comment sometime(like the highlighted above) seem to vague and shallow, and shows that you do not check your facts properly. There are good things that come out of Nigeria. Your country, Greece, is not better , if not worst than Nigeria in crime. Thanks 100PipsADay for correcting him

I am sorry guy but your facts are way off.......I was wondering where you got your info.....

http://en.wikipedia.org/wiki/List_of..._homicide_rate

Nigeria has 12.2

while Greece has 1.5

4x
  • #2,588
  • Edited 3:12pm Jul 28, 2013 1:06pm | Edited 3:12pm
Six reasons to sell EUR/AUD this week

What do you think guys?

Edit : One more reason can be added. D1 MACD is currently Red.
KISS - Keep It Simple Smart !!!!
  • #2,589
  • Jul 28, 2013 1:14pm Jul 28, 2013 1:14pm
Hey 100,,,USDJPY has turned the corner to the downside,,,How does this change ( Or does it change) your bias on the other Yen pairs as they are still clinging to long positions,,,? Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyidaily 1.png Size: 74 KB
  • #2,590
  • Jul 28, 2013 1:19pm Jul 28, 2013 1:19pm
Quoting piptalk
Hey 100,,,USDJPY has turned the corner to the downside,,,How does this change ( Or does it change) your bias on the other Yen pairs as they are still clinging to long positions,,,? Thanks! {image}
Good question PipTalk.

Let's take NZD/JPY for example:

I am now short biased for USD/JPY. Still long biased for NZD/USD. Therefore, NZD/JPY is kind of in the middle for me and am not 100% certain. I will keep positions opened for the other JPY cross pairs until either SL or TP target is met.
  • #2,591
  • Jul 28, 2013 1:23pm Jul 28, 2013 1:23pm
Quoting Godwin Igili
{quote} Erebus, Your comment sometime(like the highlighted above) seem to vague and shallow, and shows that you do not check your facts properly. There are good things that come out of Nigeria. Your country, Greece, is not better , if not worst than Nigeria in crime. Thanks 100PipsADay for correcting him
Godwin,

I have just taken a look at your trade explorer. Excellent trading!

Folks, if you want to see a Live account in action using the Third Screen Strategy take a look at Godwin.

**I hope you don't mind me pointing you out but you obviously know how to follow the rules and keep your emotions under control.

Great work Godwin!
  • #2,592
  • Jul 28, 2013 2:23pm Jul 28, 2013 2:23pm
Quoting 4xPIPAHOLIC
{quote} I am sorry guy but your facts are way off.......I was wondering where you got your info..... http://en.wikipedia.org/wiki/List_of..._homicide_rate Nigeria has 12.2 while Greece has 1.5 4x
It depends where you live and if you are a Christian or Muslim and what you count as a crime..
Love Greece, its such a quiet calm country, compared to some other western 'country's'

You feel safe even if you are in the middle of a drunk aggressive crowd at 4 AM..

Guess where i would let my girlfriend walk alone in the middle of the night and where not.

(To be sexist..) and decide what a woman can do and what not

How to opt out annoying user signatures ??
  • #2,593
  • Jul 28, 2013 2:52pm Jul 28, 2013 2:52pm
Quoting 100PipsADay
{quote} Godwin, I have just taken a look at your trade explorer. Excellent trading! Folks, if you want to see a Live account in action using the Third Screen Strategy take a look at Godwin. **I hope you don't mind me pointing you out but you obviously know how to follow the rules and keep your emotions under control. Great work Godwin!
Thanks Boss and Mentor,
Your system has brought great relief to my trading. I have been using the warning from the Ea legend SteveHopwood that

  1. There is no a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. Ea requires frequent manual intervention.
  2. At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.

the above has been been my watchword

Thanks to you for the strategy and to Khaled for the EA. And to Khaled I am expecting your reply to my PM

  • #2,594
  • Jul 28, 2013 2:58pm Jul 28, 2013 2:58pm
Quoting 100PipsADay
{quote} Good question PipTalk. Let's take NZD/JPY for example: I am now short biased for USD/JPY. Still long biased for NZD/USD. Therefore, NZD/JPY is kind of in the middle for me and am not 100% certain. I will keep positions opened for the other JPY cross pairs until either SL or TP target is met.
Hi 100PipsADay,
There is BOJ Gov Kuroda Speaks on Tuesday. What do you think about it? In earlier occasion His speaks reverse the trend of all JPY pairs!!!!
Regards.
KISS - Keep It Simple Smart !!!!
  • #2,595
  • Jul 28, 2013 3:04pm Jul 28, 2013 3:04pm
Quoting Godwin Igili
{quote} Thanks Boss and Mentor, Your system has brought great relief to my trading. I have been using the warning from the Ea legend SteveHopwood that There is no a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. Ea requires frequent manual intervention. At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.the above has been been my watchword Thanks to you for the strategy...
I completely agree! Keep up the good work Godwin.
  • #2,596
  • Jul 28, 2013 3:06pm Jul 28, 2013 3:06pm
Quoting Godwin Igili
{quote} Thanks Boss and Mentor, Your system has brought great relief to my trading. I have been using the warning from the Ea legend SteveHopwood that There is no a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. Ea requires frequent manual intervention. At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.the above has been been my watchword Thanks to you for the strategy...
Hi Godwin,
Congratulations to your hard work. You did high manual intervention with the EA to gain more then 300% in your Live account. Great Job
Its better to stick with only one strategy to get success. And you have shown us that. I am personally interested to follow your intervention if you don't mind.
Good Luck.

Regards.
KISS - Keep It Simple Smart !!!!
  • #2,597
  • Jul 28, 2013 3:07pm Jul 28, 2013 3:07pm
Quoting khaled_ctg
{quote} Hi 100PipsADay, There is BOJ Gov Kuroda Speaks on Tuesday. What do you think about it? In earlier occasion His speaks reverse the trend of all JPY pairs!!!! Regards.
Hi Khaled,

To be honest, I don't really pay much attention to most "news" events. However, I see two ways to play it out.

1) Close all positions and remain "flat" until the dust settles

OR

2) Go short USD/JPY (as D1 MACD is pointing down) and hedge your positions with long NZD/JPY, AUD/JPY, EUR/JPY, CAD/JPY, or any other JPY cross pair for that matter.

**Personally, I will probably start to build USD/JPY short positions and will hold onto my already existing long positions for various JPY cross pairs.
  • #2,598
  • Jul 28, 2013 5:37pm Jul 28, 2013 5:37pm
Quoting Godwin Igili
{quote} Erebus, Your comment sometime(like the highlighted above) seem to vague and shallow, and shows that you do not check your facts properly. There are good things that come out of Nigeria. Your country, Greece, is not better , if not worst than Nigeria in crime. Thanks 100PipsADay for correcting him
Yes, I feel much better now that I am corrected ..... and if people want to send their money somewhere without checking the facts, then just move along to the next post because you, like Godwin, have completely missed the point.

It is my impression, from my limited use of Forex brokers, that it is quite easy to find where they are regulated, and what those regulations are; usually you can find this by an easy to find link on the broker website.

I am not saying this is the case with this broker; I am just saying do your own research. And what I found was only 2 lines of vague content but no reference as to which regulation they are operating under. They say they use "high standards" but fail to mention what they are?

https://en.wikipedia.org/wiki/Foreig...nge_regulation

The objective of regulation is to ensure fair and ethical business behaviour. In their turn all foreign exchange brokers, IBs and signal sellers have to operate in strict compliance with the rules and standards laid down by the Forex regulators, otherwise their activity is regarded as unlawful. First of all, they must be registered and licensed in the country where their operations are based, which ensures quality control standards are met. In accord with this regulation licensed brokers are subject to recurrent audits, reviews and evaluations which force them to maintain the industry standards. Foreign exchange brokers must keep a sufficient amount of funds to be able to execute and complete foreign exchange contracts concluded by their clients and also to return clients’ funds intact in case of bankruptcy.
Not all foreign exchange brokers are regulated.

http://en.wikipedia.org/wiki/MF_Global

In late October 2011, MF Global experienced a spectacular meltdown of its financial condition, directly caused by improper transfers of over $891 million from customer accounts to a MF broker-dealer account to cover losses created by trading losses.

http://en.wikipedia.org/wiki/Caveat_emptor

"Let the buyer beware"
It takes a lot for me to IGNORE you, but you can try.
  • #2,599
  • Jul 28, 2013 8:27pm Jul 28, 2013 8:27pm
Weekly, Daily, Open Position, & Overall Bias For Our Most Frequently Traded Pairs

AUD/JPY:
Weekly - Flat
Daily - Down
Open Positions - Up
Overall - Flat

CAD/JPY:
Weekly - Flat
Daily - Down
Open Positions - Up
Overall - Flat

NZD/JPY:
Weekly - Flat
Daily - Down
Open Positions - Up
Overall - Flat

GBP/AUD:
Weekly - Flat
Daily - Down
Open Positions - Down
Overall - Down

EUR/AUD:
Weekly - Flat
Daily - Down
Open Positions - Down
Overall - Down

EUR/CAD:
Weekly - Flat
Daily - Up
Open Positions - Down
Overall - Down

EUR/USD:
Weekly - Up
Daily - Up
Open Positions - Up
Overall - Up

AUD/NZD:
Weekly - Down
Daily - Down
Open Positions - Down
Overall - Down

GBP/USD:
Weekly - Up
Daily - Up
Open Positions - Up
Overall - Up

GBP/NZD:
Weekly - Down
Daily - Down
Open Positions - Down
Overall - Down

NZD/USD:
Weekly - Up
Daily - Up
Open Positions - Up
Overall - Up

AUD/USD:
Weekly - Flat
Daily - Up
Open Positions - Up
Overall - Up
  • #2,600
  • Jul 28, 2013 8:30pm Jul 28, 2013 8:30pm
Quoting Godwin Igili
{quote} Thanks Boss and Mentor, Your system has brought great relief to my trading. I have been using the warning from the Ea legend SteveHopwood that There is no a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. Ea requires frequent manual intervention. At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.the above has been been my watchword Thanks to you for the strategy...
Hi Godwin,
You have done a great job. Can you share which pairs you normally trade and what SL and TP you use?
Keep learning while you are alive!
2 traders viewing now