That's a great idea! What I'll do is put direction for each of the following but keep them separate. Then anybody can decide what they want to do after that with any particular pair. GBP/USD Weekly - Down Daily - Up Current Open Position - Sell ...

Third Screen Strategy - Dr. Alexander Elder

Ok cool! What I'll do is take the list and then put Up, Flat, or Down depending on charts and current open positions. See, even if GBP/USD has just crossed over to the upside I will put down if I have open sell positions still floating. Once they ...

Third Screen Strategy - Dr. Alexander Elder

MKFXTrader, Please clarify what you would like me to do and I will be more than happy to do it. Just a little confused as to HOW to go about it. Should I post my Weekly Bias according to my open trades? Let me know!

Third Screen Strategy - Dr. Alexander Elder

Correct, I've still got current EUR/USD short positions though so I won't be joining you on this ride.

Third Screen Strategy - Dr. Alexander Elder

Profit Factors (updated) Take a look at the Profit Factors from the above statistics: EUR/USD: 3.52 EUR/CAD: 4.23 AUD/NZD: 3.19 NZD/USD: 2.66 AUD/USD: 4.71 EUR/AUD: 4.26 GBP/AUD: 3.62 GBP/USD: 1.85 CAD/JPY: 5.41 AUD/JPY: 3.12 NZD/JPY: 2.06

Third Screen Strategy - Dr. Alexander Elder

This is true but going long on EUR/USD and GBP/USD is actually a counter trend trade if you look at the Weekly charts. However, the choice is yours and I wish you the best either way

Third Screen Strategy - Dr. Alexander Elder

Hey MKFXTrader! I think this is a good idea but please explain a little more in detail what you are asking. If I understand you correctly you would like us to post a weekly bias for each pair that we're monitoring and trading? If so, the only ...

Third Screen Strategy - Dr. Alexander Elder

I have just added NZD/JPY statistics so 11 Pairs gained a total of 104,943 Pips in about a year and a half... Ok, done posting statistics. Just confirmed and verified over 100,000 pips since August 2011 utilizing this exact same strategy. If anybody ...

Third Screen Strategy - Dr. Alexander Elder

NZD/JPY Trade Results Since August 2011 Continued...

Third Screen Strategy - Dr. Alexander Elder

NZD/JPY Trade Results Since July 2011 Total Trades: 130 Total Pips: 8,069 Win Rate: 52.71% Profit Factor: 2.06 Max Positions: 4 Max Draw Down In Pips: 1,557 SL: 160 TP: 280

Third Screen Strategy - Dr. Alexander Elder

These are all statistics from a Demo account. However, I trade quite a few of these pairs on my live account but normally with 50k lot size (0.5). I normally trade EUR/AUD, EUR/CAD, GBP/AUD, AUD/JPY, CAD/JPY, NZD/JPY, EUR/USD, USD/JPY, NZD/USD, and ...

Third Screen Strategy - Dr. Alexander Elder

10 Pairs (including AUD/JPY now) Since August 2011 has gained 96,874 Pips!

Third Screen Strategy - Dr. Alexander Elder

AUD/JPY Trade Results Since August 2011 Continued...

Third Screen Strategy - Dr. Alexander Elder

AUD/JPY Trade Results Since August 2011 Total Trades: 139 Total Pips: 15,396 Win Rate: 64.75% Profit Factor: 3.12 Max Positions: 4 Max Draw Down In Pips: 1,286 SL: 160 TP: 280

Third Screen Strategy - Dr. Alexander Elder

I wanted to talk a little bit about "Profit Factor" and what it means. Profit factor is simply the profit generated by profitable trades divided by the losses generated by losing trades. The greater the number the better or ‘less risk’ your trading ...

Third Screen Strategy - Dr. Alexander Elder

I would have to say in order from BEST to WORST it would have to be: 1) EUR/AUD 2) AUD/JPY 3) GBP/AUD 4) EUR/CAD 5) CAD/JPY 6) NZD/JPY 7) EUR/JPY 8) EUR/USD 9) AUD/NZD 10) NZD/USD 11) AUD/USD 12) GBP/USD Each pair has its own pros and cons but this ...

Third Screen Strategy - Dr. Alexander Elder

Definitely not GBP/USD! LOL

Third Screen Strategy - Dr. Alexander Elder

Thanks Khaled! I added one more pairs' statistics so the total is actually 81,478 pips... LOL Just wanted to share with everybody here that this strategy works with different pairs but I still have my favorites!

Third Screen Strategy - Dr. Alexander Elder

Folks, I wanted to share these results with you so that you know it is possible to be successful utilizing this strategy if you stick to the plan. Also, please note that most of these pairs are using a 260 SL and a 320 TP. They all used a total of 8 ...

Third Screen Strategy - Dr. Alexander Elder

9 Pairs Since August 2011 utilizing this strategy has gained 81,478 Pips! All confirmed and verified!

Third Screen Strategy - Dr. Alexander Elder