Well damn it! I got greedy and kept trading...
Should have just took my profits and waited patiently.
Should have just took my profits and waited patiently.
Third Screen Strategy - Dr. Alexander Elder
- #2,884
- Oct 8, 2013 1:24pm Oct 8, 2013 1:24pm
- | Commercial User | Joined May 2012 | 3,285 Posts
{quote} I was saying that 'cuz of your trades from today . They were impressive . But it's sad that you lost all you made today ...
Oh well...
I may try doing something similar to this in another couple of weeks. Need to be more disciplined though even if it is just "Vegas" money.
- #2,885
- Oct 8, 2013 1:31pm Oct 8, 2013 1:31pm
- Joined Apr 2013 | Status: Trader | 10,297 Posts
{quote} Yep, unfortunately I got too greedy! I had $280 on deposit and got my account up to $880. After which I over leveraged myself and blew the account. Oh well... I may try doing something similar to this in another couple of weeks. Need to be more disciplined though even if it is just "Vegas" money.
Inserted Video
- #2,886
- Oct 8, 2013 1:47pm Oct 8, 2013 1:47pm
- | Commercial User | Joined May 2012 | 3,285 Posts
{quote} lol pippy all ya needs a little .............. http://www.youtube.com/watch?v=ErvgV4P6Fzc
- #2,888
- Oct 9, 2013 7:20am Oct 9, 2013 7:20am
- | Commercial User | Joined May 2012 | 3,285 Posts
Yen pairs goes up.I'm only interested in selling for this week.So I'm out of tradingAlso I create Trade explorer based on yen crossing.
I'll keep an eye on your trade explorer though Nikola. Good luck!
- #2,889
- Oct 9, 2013 7:30am Oct 9, 2013 7:30am
Thanks mate.Yes ,one my friend blew his two accounts on yen on this summer,they were not "trendy".They have not yet (as you say) but I think with these strategy we can make some good precent of profit per month.I lock money and lot sizes on trade explorer. It's always 0.05 and equity is 5000$.
P.S I remember when I start trading this strategy a never sells yen hahaha
P.S I remember when I start trading this strategy a never sells yen hahaha
- #2,891
- Oct 9, 2013 7:37am Oct 9, 2013 7:37am
- | Commercial User | Joined May 2012 | 3,285 Posts
Thanks mate.Yes ,one my friend blew his two accounts on yen on this summer,they were not "trendy".They have not yet (as you say) but I think with these strategy we can make some good precent of profit per month.I lock money and lot sizes on trade explorer. It's always 0.05 and equity is 5000$. P.S I remember when I start trading this strategy a never sells yen hahaha
Now, seems as though it has been range bound for the past 2-3 months or so.
Anyways, keep your risk exposure low until a clear breakout and you will do fine. Happy trading!
- #2,892
- Oct 9, 2013 10:22am Oct 9, 2013 10:22am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
- #2,893
- Oct 9, 2013 10:55am Oct 9, 2013 10:55am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
- #2,895
- Oct 9, 2013 12:35pm Oct 9, 2013 12:35pm
- | Commercial User | Joined May 2012 | 3,285 Posts
100pips i might have asked you this before, but are you in any way able to modify this method to work on stocks ? in any way. that would be fantastic if you can do something. good day for me today. got around +120 pips on gu. was my week off, scalped for a further +60 pips on the dow jones. presently entered a long position on the dow. will leave this open for at least a few days. looking for a good up move, as dow presently hit daily support on an MA.
However, it works great when looking to swing trade the DOW / S&P futures through the MT4 platform. You'll have to do your own individual testing though
- #2,896
- Oct 10, 2013 4:37am Oct 10, 2013 4:37am
Hi All,
1-2 years ago I read Dr. Elder's book "Come into my trading room" (excellent, well written book) and therefore got introduced to the tripple screen strategy. So I was very pleased to see this topic (already a while ago, have been reading most replies). Respect for 100Pips for his great guide & replies (and those of other users too!), should help a lot of traders (including me)! Therefore just want to say hello & share some thoughts
My approach is probably a little bit different then most people here are using. Starting point is (also) D1 MACD histogram crossovers when looking for long/short positions, but I seek to enter my trades at 30m MACD histogram-crossovers. I try to match the view on entry/position with the 3h chart (not really 100% as described by Dr. Elder, but I guess generally speaking third screen strategy matching the tides, waves, ripples). I don't really like to trade based on stochastics, since they can be oversold/overbought for a longer time during the trend and I don't feel comfortable at other timeframes then D1, 30m and 3h.
I trade also other instruments (futures, sometimes stocks) and when searching for a trade, I mostly look for D1 MACD histogram crossovers and using the 3rd screen strat. In my view, it is indeed possible to use this strategy for other instruments, such as stocks (or structured products / options on the specific stock). Currently I lack a solid exit-strategy (exits are mostly done after meeting R:R & 'gut-feeling') and my back-testing was insufficient and only for entries, so my statement should be put into perspective. Though it might be interesting that even at VXX (S&P 500 VIX) it offered a good trade (see included chart below for D1-criterium). Oh, I've to add that I didn't take the trade (was too uncertain about politics/markets, which ironically should've pushed me more into this trade...).
Regards & happy trading to all!
1-2 years ago I read Dr. Elder's book "Come into my trading room" (excellent, well written book) and therefore got introduced to the tripple screen strategy. So I was very pleased to see this topic (already a while ago, have been reading most replies). Respect for 100Pips for his great guide & replies (and those of other users too!), should help a lot of traders (including me)! Therefore just want to say hello & share some thoughts
My approach is probably a little bit different then most people here are using. Starting point is (also) D1 MACD histogram crossovers when looking for long/short positions, but I seek to enter my trades at 30m MACD histogram-crossovers. I try to match the view on entry/position with the 3h chart (not really 100% as described by Dr. Elder, but I guess generally speaking third screen strategy matching the tides, waves, ripples). I don't really like to trade based on stochastics, since they can be oversold/overbought for a longer time during the trend and I don't feel comfortable at other timeframes then D1, 30m and 3h.
100pips i might have asked you this before, but are you in any way able to modify this method to work on stocks ?
Regards & happy trading to all!