No you're right, signal is saying "BUY" but due to weekly trend this is a counter trend trade....

Third Screen Strategy - Dr. Alexander Elder

GBP/AUD: This is definitely a counter trend trade so is risky. I normally use a 260 SL and 320 TP for this pair.

Third Screen Strategy - Dr. Alexander Elder

Definitely one of my best month's so far... I am confident we are nowhere close to the end of this trend.

JPY Cross Pairs

Of course its OK! Thanks for sharing with everybody MKFXTrader!

Third Screen Strategy - Dr. Alexander Elder

Hmmm..... Not sure I really agree with this post all that much, however, if you would like a vouch from me here is what I suggest. For your next 50 positions I suggest you post charts like FishCoo and I have been doing in order to track ...

Third Screen Strategy - Dr. Alexander Elder

Added a few more longs: EUR/USD, EUR/CAD, EUR/JPY Current Open Positions

Third Screen Strategy - Dr. Alexander Elder

Very true! I still like to use my technical indicators for solid entry points in order to keep scaling in to current trend as price moves in my favor. In fact, since April 1 between my 3 accounts I have a closed a total of 14,995 Pips all confirmed ...

JPY Cross Pairs

Still very bullish for the long-term so I'm still holding all of my long positions

JPY Cross Pairs

I'm actually trying out this strategy that you mentioned though, one of the other members here has helped to program this strategy and we are in beta mode right now... Thanks GeppY!

Third Screen Strategy - Dr. Alexander Elder

It is called the "Williams Percent Range" indicator (should be under Oscillators in your MT4) and the settings are standard 14.

JPY Cross Pairs

All Trade Results since March 2013 Total Trades: 49 Max Draw Down in Pips: 1,818 Win Rate: 63% Total Profit in Pips: 5,466

Third Screen Strategy - Dr. Alexander Elder

Just closed out a few of my GBP/JPY and CHF/JPY long positions from last week. I kept an open TP target as I wanted to let a few trades run due to our current strong uptrend. 1st Chart: Recently Closed Positions 2nd Chart: Total Profit & Loss since ...

Third Screen Strategy - Dr. Alexander Elder

Well I'm glad I took that additional EUR/USD trade and kept the other two open as we just moved up another 25 pips or so on EUR/USD. That's an additional 75 pips or so in the past 10 minutes floating profit.

Third Screen Strategy - Dr. Alexander Elder

EUR/USD D1 MACD - Up H1 Williams % - Over Sold Look at the 3 points in time since D1 MACD started showing "uptrend" where H1 Williams was showing over sold. This is where we would enter new trades as can be seen from Current Open Positions below. I ...

Third Screen Strategy - Dr. Alexander Elder

Hey Geppy! Got stopped out of a few EUR/USD shorts last week. But recently opened up two long positions as can be seen from the Current Open Positions chart above. We don't really incorporate the 20 EMA and the 50 EMA into the Third Screen Strategy, ...

Third Screen Strategy - Dr. Alexander Elder

I've already listed recommended SL and TP parameters for each pair with each pairs' statistics: url How did I come to this conclusion? Through extensive testing, not much else to really say HOW... NZD/USD: This is a very dangerous short from what ...

Third Screen Strategy - Dr. Alexander Elder

FishCoo, That is a much better idea for those can can afford a higher SL for multiple pairs. This particular account though I am trading the selected pairs with a set 160 SL and 280 TP and am tracking it with this thread. *I do however have another ...

Third Screen Strategy - Dr. Alexander Elder

Correct! D1 MACD and H1 Williams %

Third Screen Strategy - Dr. Alexander Elder

HowlAtTheMoon, I normally check the charts every couple of hours at least throughout the entire day in order to find entry signals. It does not matter which trading session we trade as signals for trades can happen at any time on any trading day. ...

Third Screen Strategy - Dr. Alexander Elder

I was able to add a few long positions during london session last night for USD/JPY, CAD/JPY, NZD/JPY, and EUR/USD. Also, my GBP/AUD long position hit its Stop Loss... 1st Chart: Recently Closed Positions 2nd Chart: Total Profit & Loss since March ...

Third Screen Strategy - Dr. Alexander Elder