And this is ANY pair that is trending? Not just the specific 4 or so that you'd recommend the most?

Third Screen Strategy - Dr. Alexander Elder

Ahh, you're right. So would you suggest I keep opening new positions every time price retraces back to OS/OB ? Or just keep it to 1 position per pair?

Third Screen Strategy - Dr. Alexander Elder

This is very true. but on the other hand, what happens if you get stuck with multiple open positions on a single pair, only for it to reverse, rather than a temporary retracement? That's a whole lot of $$ gone in one go.

Third Screen Strategy - Dr. Alexander Elder

The reason the AUD pairs are going against us, is because of the RBA and their stance on interest rates. Even though I told people this is exactly what would happen last week.

Third Screen Strategy - Dr. Alexander Elder

I'm seeing a ton of PA that is supposed to indicate a reversal, yet it seems that we've been wrong about every trade so far, and that the main trends are still in play. EDIT: EURAUD and GBPAUD SL are about to be taken out....

Third Screen Strategy - Dr. Alexander Elder

I will do this from now on.

Third Screen Strategy - Dr. Alexander Elder

We were shorting based on PASR.

Third Screen Strategy - Dr. Alexander Elder

I made the trade on EURCAD because even though MACD isn't red, just like some of the AUD pairs you traded, it looked to be reversing. On the daily chart, there is a double top, and a spinning tops, followed by a hammer. And this is all happening at ...

Third Screen Strategy - Dr. Alexander Elder

Within an hour of placing trades, SL are about to be hit. What a joke.

Third Screen Strategy - Dr. Alexander Elder

You too my friend.

Third Screen Strategy - Dr. Alexander Elder

I agree here. Mondays have NEVER been good and ALWAYS resulted in drawdowns with this method.

Third Screen Strategy - Dr. Alexander Elder

EURCAD is moving in our way. Everything else is moving in the other direction. But remember, price only just retraced to overbought. We must wait for it to go back into the trend. Patience.

Third Screen Strategy - Dr. Alexander Elder

I see. EURCAD is the only CAD pair I have on my list. Looked good, so I thought why not.

Third Screen Strategy - Dr. Alexander Elder

Sure did. Just entered short EURCAD too. A LOT of entries are open at the moment.

Third Screen Strategy - Dr. Alexander Elder

Yup. Watching it now. But still, its better to take a few winning trades, rather than taking a large amount of trades, most of which will be losing. I urge you to not set the EA to automatic. I see A LOT of false signals. After you pick up 8 or so ...

Third Screen Strategy - Dr. Alexander Elder

I would 100% advise against letting the EA take trades automatically. The EA is great, but it still needs manual intervention and confirmation for each trade. I would NOT trust it on it's own.

Third Screen Strategy - Dr. Alexander Elder

Ahhh I see. Definitely watching those pairs.

Third Screen Strategy - Dr. Alexander Elder

I've stopped trading AUDNZD. Not enough movement. And EURGBP doesn't look like a good pair to trade judging from the Daily chart candles. Not enough movement in these pairs IMO to make them worth trading to be honest. I'm currently waiting for ...

Third Screen Strategy - Dr. Alexander Elder

Some of the JPY pairs (AUDJPY) had inverted hammers, followed by hammers, and a developing level of support forming on the daily charts. Other JPY pairs (USDJPY) have spinning tops, followed by inverted hammers/hammers, and again, a developing level ...

Third Screen Strategy - Dr. Alexander Elder

I have all of the JPY pairs reversing.

Third Screen Strategy - Dr. Alexander Elder