Third Screen Strategy - Dr. Alexander Elder | Page 132 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #2,621
  • Jul 30, 2013 12:58am Jul 30, 2013 12:58am
Quoting Axlz
No offense to 100pips, but 60% drawdown is beyond unacceptable, no matter how good the past results have been.
Axlz,

No offense taken, however, keep In mind that I do not preach money management. I have presented a swing trading strategy. It is up to each individual trader to put together their own money management plan. It is probably best if I take down the two trade explorers so people don't get this confused wit a signal service as that is not the intention of these trade explorers. Thank you for bringing this to my attention.
  • #2,622
  • Jul 30, 2013 1:01am Jul 30, 2013 1:01am
Quoting 100PipsADay
{quote} Axlz, No offense taken, however, keep In mind that I do not preach money management. I have presented a swing trading strategy. It is up to each individual trader to put together their own money management plan. It is probably best if I take down the two trade explorers so people don't get this confused wit a signal service as that is not the intention of these trade explorers. Thank you for bringing this to my attention.
You're right. I didn't mean to come off as hostile.

I should have said the "win-rate" rather than drawdown, as drawdown is as you said, a function of MM.
  • #2,623
  • Jul 30, 2013 2:46am Jul 30, 2013 2:46am
this morning nice: 19 sl hit in a row
  • #2,624
  • Edited 8:16am Jul 30, 2013 2:48am | Edited 8:16am
Quoting 100PipsADay
{quote} Axlz, No offense taken, however, keep In mind that I do not preach money management. I have presented a swing trading strategy. It is up to each individual trader to put together their own money management plan. It is probably best if I take down the two trade explorers so people don't get this confused wit a signal service as that is not the intention of these trade explorers. Thank you for bringing this to my attention.
100Pips , I do really like your 2 Trade Explorers , U show us the way to trade , Urs is a very good example (Please) , I'm sure the others will agree , I am starting again next week , Malcolm .
  • #2,625
  • Edited 11:21am Jul 30, 2013 9:53am | Edited 11:21am
Quoting 100PipsADay
{quote} There is already a link that says Recommended SL & TP Parameters. Let me know if that's what you're looking for.
How many times has this question been asked and answered?

Seriously, some folks need to do a bit of work and actually look things up - "whatfx" is one of more notorious posters on FF for "please spoon feed me everything" Same questions posted across countless threads wasting everyone's time. That's why the ignore list is so useful in weeding out the muppets
"To live with Passion, it takes Courage and Grace to survive"
  • #2,626
  • Jul 30, 2013 10:45am Jul 30, 2013 10:45am
^ "This is one is one of the reasons you should proof read.
  • #2,627
  • Jul 30, 2013 11:18am Jul 30, 2013 11:18am
Quoting Pegleg
^ "This is one is one of the reasons you should proof read.
???
"To live with Passion, it takes Courage and Grace to survive"
  • #2,628
  • Jul 30, 2013 12:00pm Jul 30, 2013 12:00pm
Thanks 100pips for sharing and teaching - the strategy is excellent and can be adapted depending on the trading plan and the money management plan / risk tolerance of each individual.

It will always be a part on methodology.

Some folks get it, many of the muppets just do not take the time to read and understand and do their own research, so they will always be in the same position, looking for more indicators and looking to never take a drawdown despite the "big picture".

Wishing you well in all your trading endeavors and to quote Douglas Adams "So long, and thanks for all the fish"
"To live with Passion, it takes Courage and Grace to survive"
  • #2,629
  • Jul 30, 2013 12:41pm Jul 30, 2013 12:41pm
Is pippy closing down shop? Say it ain't so.
  • #2,630
  • Jul 30, 2013 12:43pm Jul 30, 2013 12:43pm
He never once said he was closing this thread.


The people in this thread who tell others to read posts before posting don't even read anything themselves...
  • #2,631
  • Jul 30, 2013 2:04pm Jul 30, 2013 2:04pm
Not sure what the future holds for this thread - never suggested it was closing down - the strategy is great, but I am done with the thread for now

To all of those that get it - keep doing it.

For the rest of you - keep searching - there will be another holy grail system out there somewhere
"To live with Passion, it takes Courage and Grace to survive"
  • #2,632
  • Jul 30, 2013 3:42pm Jul 30, 2013 3:42pm
I see 100_pips has removed the now old TSS Trade Explorers and replaced with his new venture. Seems this method must also use the theory of above MACD for long & below MACD for short.

Now I don't know about you, but I can see the biggest Head & Shoulders ever on this daily chart of GBP-USD, which is the only pair traded thus far, and when the MACD goes below, there is unlimited profit potential.

I see that there are some sell trades already so that must be manual intervention; other than that, the Cash Flow part is right

Many people have said to take notice of the MACD slope, let's see where this goes, especially if by chance it should break 1.50
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It takes a lot for me to IGNORE you, but you can try.
  • #2,633
  • Jul 30, 2013 4:07pm Jul 30, 2013 4:07pm
Quoting Erebus
I see 100_pips has removed the now old TSS Trade Explorers and replaced with his new venture. Seems this method must also use the theory of above MACD for long & below MACD for short. Now I don't know about you, but I can see the biggest Head & Shoulders ever on this daily chart of GBP-USD, which is the only pair traded thus far, and when the MACD goes below, there is unlimited profit potential. I see that there are some sell trades already so that must be manual intervention; other than that, the Cash Flow part is right Many people have said...
Erebus,

The Passive Cash Flow Grid Trading System does NOT utilize any of the indicators used in my two swing trading stragies. This trading system incorporates a mathematical "grid" model that uses principles of retracement along with hedging (taking positions in both directions) to product well above average returns.

A constant floating draw down is one of the main characteristics of this system's strategy; however, profits are consistently growing regardless of the direction of the market movement. This system utilizes an advanced automated algorithm with manual discretionary trading oversight when needed and has a profit target of 35% per month.

This system has its own thread and its own trade explorer linked but should not be confused with the Third Screen Strategy at all.

**The Third Screen Strategy is still my "primary" trading strategy but I am liking this grid trading strategy more and more as time goes on.
  • #2,634
  • Jul 30, 2013 4:11pm Jul 30, 2013 4:11pm
Quoting MKFXTrader
Is pippy closing down shop? Say it ain't so.
MKFX,

I'm not going anywhere, however, there isn't really anymore that I can teach about the third screen strategy that hasn't been discussed already. Everything is here for the taking for anybody who wants to make money using this strategy.

As for me, I won't be spending quite as much time in this thread as I am focusing on diversifying my funds into other investment vehicles in order to build multiple streams of income for the future.

I'll drop in from time to time but like I said, nothing else for me to say around here that hasn't been said already.

Happy Trading folks!
  • #2,635
  • Jul 30, 2013 4:26pm Jul 30, 2013 4:26pm
Quoting 100PipsADay
{quote} MKFX, I'm not going anywhere, however, there isn't really anymore that I can teach about the third screen strategy that hasn't been discussed already. Everything is here for the taking for anybody who wants to make money using this strategy. As for me, I won't be spending quite as much time in this thread as I am focusing on diversifying my funds into other investment vehicles in order to build multiple streams of income for the future. I'll drop in from time to time but like I said, nothing else for me to say around here that hasn't been...
Hi Guys once again thanks fro all the input personally I have stopped trading these strategies and gone back to my old methods can't afford to lose anymore money demos have been drained as well just bad timing in the markets I guess
Thanks
I do Good I feel GoodI do Bad I feel Bad
  • #2,636
  • Edited 4:56pm Jul 30, 2013 4:43pm | Edited 4:56pm
Quoting Offshore
{quote} Hi Guys once again thanks fro all the input personally I have stopped trading these strategies and gone back to my old methods can't afford to lose anymore money demos have been drained as well just bad timing in the markets I guess Thanks

You sure it wasn't due to you being over leveraged?

If you can wipe out your account in 90 days then you are definitely OVER LEVERAGED!!!!!!!! I am under the impression that you have actually lost it quicker than that meaning you were risking way too much and losing maybe 30%-50% per month?

It is not so much the strategies' fault as it was yours...

Another person who is obviously blaming others for their own mistakes.

Good luck
  • #2,637
  • Edited 5:40pm Jul 30, 2013 4:49pm | Edited 5:40pm
Quoting 100PipsADay
{quote} MKFX, I'm not going anywhere, however, there isn't really anymore that I can teach about the third screen strategy that hasn't been discussed already. Everything is here for the taking for anybody who wants to make money using this strategy. As for me, I won't be spending quite as much time in this thread as I am focusing on diversifying my funds into other investment vehicles in order to build multiple streams of income for the future. I'll drop in from time to time but like I said, nothing else for me to say around here that hasn't been...
Thanks again for everything pippy. I've learned quite a lot over the last few months. I wish you great success in all your future endeavors. Til next time bro.
  • #2,638
  • Jul 30, 2013 5:09pm Jul 30, 2013 5:09pm
Quoting 100pipsaday
{quote} you sure it wasn't due to you being over leveraged? If you can wipe out your account in 90 days then you are definitely over leveraged!!!!!!!! I am under the impression that you have actually lost it quicker than that meaning you were risking way too much and losing maybe 30%-50% per month? It is not so much the strategies' fault as it was yours... Another person who is obviously blaming others for their own mistakes. Good luck

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File Type: doc Demo intervention.doc   67 KB | 362 downloads
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I do Good I feel GoodI do Bad I feel Bad
  • #2,639
  • Jul 30, 2013 5:15pm Jul 30, 2013 5:15pm
Quoting Offshore
{quote} {image}{image}{file}{file}
What does this prove?

Anyways, good luck with your old method. Happy trading Offshore.
  • #2,640
  • Jul 30, 2013 5:25pm Jul 30, 2013 5:25pm
Quoting 100PipsADay
{quote} What does this prove? Anyways, good luck with your old method. Happy trading Offshore.
Can't trade accounts with out cash????
I do Good I feel GoodI do Bad I feel Bad
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