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- Tok replied Jun 18, 2013
I attached an incorrect chart. Just attached the new weekly one now.
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
Spinning tops, inverted hammers, price unable to close beneath a certain point, despite the wicks travelling far below. All the the end of a long downtrend. image image Price is within a weekly price trend ending consolidation zone. Price has ...
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
I am very confident in the pairs that are showing this kind of Daily S/R to reverse. Just keep your eyes open on the JPY pairs and USDCHF. And even any other pairs that may be displaying the same properties.
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
USDCHF looks like its about to have a reversal. Look at the huge number of candle formations on the daily chart. There is also a level of support formed. This is very similar to the JPY pairs. **AND THIS IS ALL AT A LEVEL OF WEEKLY SUPPORT. I would ...
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
Your above picture is of 4 audusd trades. Not gbpaud. and I post this kind of stuff in the hopes that people will learn from my mistakes.
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
You are your own worst enemy in this game. When I spend too much time in front of the screen, I go crazy. I really need to learn to just place trades, and let go. And I think a lot of people's issues (including mine) is that we trade too many pairs. ...
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
I've decided to just narrow the pairs I trade to the top 6 that 100pips recommends. Putting more money into more quality, so to speak.
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
How often has this proved superior to doing it the conventional way? It looks exactly the same as what we're doing right now. The RSI is identical to the WR%.
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
It would have been better than my luck here, lol.
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
Yup, will do. Had I followed the strategy instead of PASR, all of my losses would have been GAINS. Instead, EVERYTHING is deep in red because I didn't.
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
I 100% agree with you. This week, I made it complicated by using PASR, and not following the strategy, which says to follow MACD. I guess this is how you learn though, right?
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
4 SL hit, 0 TP hit, All positions in the red. This is the last time I listen to PASR over indicators. Because of it, we're on the false side of the trend on every single trade.
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
100pips, Do you think we're on the right side of the trend? I have many positions open. All of which are in red. 2 positions already hit SL, with another 2 about to as well. It feels like price is just moving against us, regardless of what PASR ...
Third Screen Strategy - Dr. Alexander Elder
- Tok replied Jun 18, 2013
It really makes me think about how much trust you must have in the system to be able to do this in big drawdowns. If I see a large drawdown on only 1 position per pair, I'm scared to even open a new position, lol.
I will try opening multiple ...Third Screen Strategy - Dr. Alexander Elder