I have personally never had a good Monday. Just my personal experience.

D1 - 20 EMA & 50 EMA

You are correct. I will probably set my TP level at that resistance.

Third Screen Strategy - Dr. Alexander Elder

I agree with this. If the MACD daily trend changes, the rules of the strategy have been violated, and I am getting out of the position.

Third Screen Strategy - Dr. Alexander Elder

Just on a random note; I've found that my skills in PA have increased ten-fold whilst using this strategy. I'm now able to recognize candlestick formations and predict prices much better than I ever was. Love it.

Third Screen Strategy - Dr. Alexander Elder

100pips, I hope you had a profitable week. Have a great weekend!

Third Screen Strategy - Dr. Alexander Elder

You need to stop speculating with no basis. You have no idea where the market is going. The Yen pairs COULD very well continue going in the trend they are currently in. Wait until you have a valid reason to suspect a reversal (Candlestick ...

Third Screen Strategy - Dr. Alexander Elder

Leverage has nothing to do with it. You are referring to position size/lots.

Third Screen Strategy - Dr. Alexander Elder

Yes. I think it may be better to just leave it and go do other things from now on.

Third Screen Strategy - Dr. Alexander Elder

I had 7 pairs open 5 hours ago. All deep in the red. I decided to go to sleep, and practice patience, trusting the strategy to do its thing. I come back................GREEN. GREEN EVERYWHERE.

Third Screen Strategy - Dr. Alexander Elder

Indeed

Third Screen Strategy - Dr. Alexander Elder

I think you may be correct. I just feel that In order to succeed where others have failed, I need to work harder. And that includes watching the charts. But then again, as you said, It could be working against me, couldn't it?

Third Screen Strategy - Dr. Alexander Elder

Very insightful post for newbies such as I. I appreciate it.

Third Screen Strategy - Dr. Alexander Elder

Estimated figure would be 16 hours a day. Unnecessary? Perhaps. But I feel like the more I stare at these charts, the more I learn about how the markets work, and the more experience I gain. In the end, I get closer to achieving my vision.

Third Screen Strategy - Dr. Alexander Elder

I'm in Melbourne and due to my schedule, I'm in front of the computer and have access to all time zones. I stay up and work hard as It is my vision to live off trading.

Third Screen Strategy - Dr. Alexander Elder

I am so confused. I thought this is what you guys were hinting at? I thought this was the correct course of action, considering everything you said, combined with what PA was showing. Are you saying I should have stayed in and taken a likely loss ?

Third Screen Strategy - Dr. Alexander Elder

Do you guys suggest I get out of AUDUSD and other AUD/NZD pairs? I'm positive on them all (except for AUDUSD), so leaving now would give me profit. Or perhaps JUST get out of AUDUSD? EDIT: Forget it. Closed all my positions out. I see the ...

Third Screen Strategy - Dr. Alexander Elder

Ok. Thank you.

Third Screen Strategy - Dr. Alexander Elder

Will do. the thing is, I want to trust the strategy and stay till SL is hit as 100pips said. But then again, logic would tell me to exit the trades. what do you think?

Third Screen Strategy - Dr. Alexander Elder

Also, the Australia Reserve Bank is trying to depreciate the currency currently, so that's another thing.

Third Screen Strategy - Dr. Alexander Elder