I'm sure some sort of formula could be made for SL and TP but I don't think I will have Khaled do any more programming as it isn't really 100% necessary. However, if I do decide to change SL and TP parameters I will definitely post them up here for ...

D1 - 20 EMA & 50 EMA

It's really hard to say but D1 MACD is still up and I still have quite a few long positions opened in one of my live accounts so my Bias is still UP until TP or SL targets are met. Below you will see past 30 days worth of trades as well as Current ...

Third Screen Strategy - Dr. Alexander Elder

Firstly, Gold is a VERY volatile instrument to trade, probably the most volatile instrument out of all currency pairs, commodities, and indices! I trade Gold, Oil, and the Dow but I use a completely different strategy as well as indicators for Gold, ...

Third Screen Strategy - Dr. Alexander Elder

I could be wrong but I'm thinking we may have some perfect entry points to go long on NZD/JPY and AUD/JPY right now! I'm really liking how the support is holding. Everybody who is following this strategy AND trading the 2 above mentioned pairs, get ...

Third Screen Strategy - Dr. Alexander Elder

Yep! NZD/JPY is giving me BUY signals now with the Third Screen EA. If I was manual trading I would technically wait for the Blue bar which will be there tomorrow, unless of course we get some major drop with JPY pairs before daily close. AUD/JPY ...

Third Screen Strategy - Dr. Alexander Elder

Thanks TurtleFan for helping out

D1 - 20 EMA & 50 EMA

No problem Stompe

Third Screen Strategy - Dr. Alexander Elder

Tok, Great analysis! I just want to point out to you that GBP/NZD is the most volatile pair available to trade along with GBP/JPY. GBP/NZD has an average daily range of 175 pips during 2013! I recommend you use at least a 260 pip SL and a 320 TP for ...

Third Screen Strategy - Dr. Alexander Elder

1st Attachment - Recently Closed Positions 2nd Attachment - Current Open Positions 3rd Attachment - Current Balance & Equity Balance is basically flat and equity is down about 10%.

Third Screen Strategy - Dr. Alexander Elder

Nobody knows... Just follow the strategy...or don't follow it, the choice is yours.

Third Screen Strategy - Dr. Alexander Elder

Yes I just saw that after posting, great work Tok! I think your trade will work out in the end, but if it doesn't, then you will know when your SL target is hit. Make sure you don't over leverage yourself and you will do just fine. I ...

Third Screen Strategy - Dr. Alexander Elder

Nice! Ok, last suggestion, due to the fact that we are looking for areas of Support and Resistance on the Weekly charts try and post a weekly chart to support that same level. This can be done by drawing a horizontal line on the MT4 then taking a ...

Third Screen Strategy - Dr. Alexander Elder

Jing (free software for screen shots) Feel free to download Jing here: url *It is free and very easy to use. Take the 10 minutes to download it and get to know it and then APPLY it when making trade calls or posting charts to support your ...

Third Screen Strategy - Dr. Alexander Elder

Also, Tok, do you remember me telling you to start posting charts whenever you make trade calls? I was serious when I said it... Nobody can see the levels of Weekly support that you are talking about, or the Daily candle formations, or even the D1 ...

Third Screen Strategy - Dr. Alexander Elder

Tok, You may be right, however, I would like for you to NOT try and learn Price Action @ Support / Resistance (PASR) or at least do not apply it to this strategy just yet. Maybe after a few months of successful trading then you can start to apply ...

Third Screen Strategy - Dr. Alexander Elder

We are definitely in consolidation mode, however, I think tomorrow we will see fireworks with FOMC. I'm patiently waiting for new trends to develop then I'll enable the EA for quite a few pairs. All we can do now is hurry up and wait...

D1 - 20 EMA & 50 EMA

I have changed quite a few of my Stop Loss and Take Profit parameters. Below is what I am currently using. Feel free to use your own SL & TP parameters, just remember that we need to keep stops wide enough so that we don't get knocked out of our ...

D1 - 20 EMA & 50 EMA

One little tip that may help you with knowing when and when not to enter new positions or at least not be quite as aggressive is looking at HOW LONG the D1 MACD has been in an up trend or a down trend. For example, let's look at AUD/JPY. I have 56 ...

Third Screen Strategy - Dr. Alexander Elder

Yep, this is why I am currently long AUD/USD and am short EUR/AUD and GBP/AUD. I'm also getting ready for AUD/JPY, NZD/JPY, and CAD/JPY to ALL cross over to the upside. It will probably happen in the next 1-2 days for AUD/JPY and NZD/JPY. By the ...

Third Screen Strategy - Dr. Alexander Elder