The power of the 20 EMA... Price will always make its way back to the 20 EMA and after such a quick drop in AUD/USD it was inevitable that we would see the retrace that we saw yesterday. However, look at what happened once price touched the 20 EMA...

D1 - 20 EMA & 50 EMA

I was having problems syncing my MT4 with trade explorer yesterday. I just linked it and it seems to be working OK now, not sure what was going on before...

Third Screen Strategy - Dr. Alexander Elder

Price always makes its way back to the 20 EMA. After such a big drop in AUD/USD and NZD/USD it is only expected for price to retrace back up... I can say right now with 100% certainty that you will fail as a trader no matter how solid the system or ...

D1 - 20 EMA & 50 EMA

LOL Based off of what factors?

D1 - 20 EMA & 50 EMA

I suggest you set your SL to 160 and TP to 320. Wait for trade to open and take a screen shot. Then change your SL to 1600 and TP to 3200. Wait for trade to open and take a screen shot. Then you will know for sure which settings to use...

Third Screen Strategy - Dr. Alexander Elder

So you don't have even one open trade for any pair at this time?

Third Screen Strategy - Dr. Alexander Elder

The problem is I am also using a 5 digit broker but I only use a 160 SL and a 320 TP. Give me an actual example of an open trade right now using a 1600 Sl and a 3200 TP target. What is your entry price? What is your SL set at? What is your TP set ...

Third Screen Strategy - Dr. Alexander Elder

I'm not sure which parameters you should put in, however, it really is not that hard to figure out once a trade opens up and you see SL and TP lines on your MT4 platform... Take a screen shot of your MT4 platform with an open trade using a 160 SL ...

Third Screen Strategy - Dr. Alexander Elder

I will keep all positions open until SL or TP target is reached.

Third Screen Strategy - Dr. Alexander Elder

This is not a "day trading" strategy, positions are typically held for a few days and even a few weeks. This style of trading needs to be assessed every few months, not every few hours or few days... If you're looking for more action I'm sure there ...

Third Screen Strategy - Dr. Alexander Elder

I use this strategy for my live accounts and it is definitely proven and profitable. The other strategy, D1 20 EMA & 50 EMA, is still in "beta" mode and is being forward tested as we speak. I wouldn't put any live money on it yet but it has ...

Third Screen Strategy - Dr. Alexander Elder

I trade all of the above mentioned pairs plus USD/JPY and GBP/NZD. Sometimes I trade GBP/JPY but not quite as often, it is a little too volatile at times. I do trade AUD/NZD also but it is a little slower therefore it is not one of my favorites, ...

Third Screen Strategy - Dr. Alexander Elder

This is probably due to different server times with brokers as that will cause a slight difference in D1 MACD. Don't worry about it though in the long run...

Third Screen Strategy - Dr. Alexander Elder

I'm having trouble syncing the demo account to the FF trade explorer. Not sure what's going on but I'll try and link it back to this thread in the very near future.

Third Screen Strategy - Dr. Alexander Elder

Would you like my brokerage account number and password as well? How about my bank information? Nobody owes you anything. Strategy is here for the taking, utilize it or don't, the choice is yours...

D1 - 20 EMA & 50 EMA

I don't trade with a US broker... Or, you could setup an International Business Corporation (IBC) / Trust / Foundation outside the USA and trade through your corporate entity. This would need to be done if you are looking for a particular ...

Third Screen Strategy - Dr. Alexander Elder

The 20 and 50 EMA are both used for personal reasons. I am also beta testing a new strategy which utilizes both the 20 and 50 EMA on the D1. If you're interested check out my other thread. D1 20 EMA & 50 EMA Remember though that these two swing ...

Third Screen Strategy - Dr. Alexander Elder

This strategy will definitely be affected if trading in the US, however, I'm sure you can figure out a way to make it work if you really want

Third Screen Strategy - Dr. Alexander Elder

Nope, and I never will... H1 Williams % is important to me for entry points in both of my swing trading strategies.

D1 - 20 EMA & 50 EMA

All depends on your Max Positions and the Delay in hours between new positions. I have Max Positions set to 8 and Delay set to 6 hours. I've currently got 31 open trades all from within the past 2-3 days.

Third Screen Strategy - Dr. Alexander Elder