It would be nice to hit a couple of take profit targets sometime within the next 24 hours for USD/JPY and EUR/JPY trades... Highlighted trades have the best potential to hit TP targets in the coming hours / days.

Third Screen Strategy - Dr. Alexander Elder

Decided to go ahead and add in another EUR/USD as well as 2 more EUR/CAD short positions. Current Open Positions

Third Screen Strategy - Dr. Alexander Elder

EUR/JPY looks like it may be hitting "over bought" territory on the H1 time frame again fairly soon. If anybody is looking to scale in another position it may be a good time to do so. This is why I normally open up 4 positions for each pair at ...

Third Screen Strategy - Dr. Alexander Elder

I see. Just a friendly suggestion. If you split that up into maybe 3 positions per trade and trade 0.2 lots per position you could get a better entry price should price move against you in the short term.

Third Screen Strategy - Dr. Alexander Elder

The question is not about "my TP" but it is a question about yours. You didn't mention your stop loss or take profit targets so nobody has any idea about what you are shooting for, why you are trading, and when you plan on getting out even if trade ...

JPY Cross Pairs

Excellent! Have you opened up 4 positions for EUR/CAD already?

Third Screen Strategy - Dr. Alexander Elder

Current Open Positions

Third Screen Strategy - Dr. Alexander Elder

Also, just opened a short position for EUR/CAD @ 1.30592. Will look to add one more if we move a bit higher throughout the day.

Third Screen Strategy - Dr. Alexander Elder

What did you use for SL and TP targets?

Third Screen Strategy - Dr. Alexander Elder

Added one more EUR/USD short @ 1.28522 (H1 is "over bought") Take a look at how the 50 EMA acts as a "moving resistance" on the H4 chart. We might get one more burst upwards before resuming down trend and if so I will look to add 2 more positions on ...

Third Screen Strategy - Dr. Alexander Elder

It is really hard to say what will happen as the market could have already priced everything in. I am starting to think that we may be heading lower during the coming weeks in order to form new "higher lows" from a weekly perspective. Fundamentals ...

JPY Cross Pairs

Yea, you mean the one from over 2 months ago that experienced a 400+ pip draw down? I post charts, analysis, and current open positions. What do you do? Come in with a one liner every so often and then make 2-6 month projection so that ...

JPY Cross Pairs

Forgot to mention, EUR/USD could be hitting "over bought" territory on the H1 time frame fairly soon so if you didn't get short late last week you might want to consider a position or two...

Third Screen Strategy - Dr. Alexander Elder

I've highlighted the trades that could possibly hit profit targets today. At this time it is only the USD/JPY and EUR/JPY trades that may hit TP's fairly soon. CAD/JPY trades are also moving nicely into profit. I'm off to bed so I'll check back in ...

Third Screen Strategy - Dr. Alexander Elder

No it doesn't matter as positions are typically held for at least a few days and even weeks. Sometimes we could hold positions for over a month depending on market conditions... We aren't scalping or day trading, we are Swing Trading.

Third Screen Strategy - Dr. Alexander Elder

I don't have any open EUR/CAD trades at this time but may look to short again in the near future. There was an opportunity on the H1 time frame to short EUR/CAD from March 26 - March 28 if one was interested in going short. Below are recently closed ...

Third Screen Strategy - Dr. Alexander Elder

Hey Bogus! Thanks buddy. Congrats on your shorts, I'm still holding some EUR/JPY and CAD/JPY short positions from last week. Looks like this week should give us some volatility as we have some important BOJ events as well as NFP. Hope you ...

JPY Cross Pairs

I don't really know how to explain in detail how to determine the overall trend except for looking at monthly and weekly charts. Maybe somebody else here can help explain how to determine the overall trend in a detailed manner. Take a look at the ...

Third Screen Strategy - Dr. Alexander Elder

Look at what happened to EUR/JPY the last time the 20 EMA cross over the 50 EMA to the downside. Price was roughly at 107 late April 2012 and we hit lows at about 94 late July. However the 20 EMA crossed back over the 50 EMA on the Daily chart to ...

JPY Cross Pairs

Thanks Fishcoo. I will probably wait until after the BOJ meeting on April 3rd. I don't think we will see much bullish movement as market tends to price things in in advance but I will keep my EUR/JPY and CAD/JPY shorts on. In fact, I'm thinking that ...

Third Screen Strategy - Dr. Alexander Elder