Current Open Positions So far so good...

Third Screen Strategy - Dr. Alexander Elder

Hi MKFXTrader, I definitely like to keep an eye on the Monthly & Weekly time frames to find the overall trend. Then I drop down to the D1 and wait for confirmation before looking at the H1 for entry points. Monthly and Weekly is very important in my ...

Third Screen Strategy - Dr. Alexander Elder

Hi CoonDawg, To be completely honest I have no knowledge or experience whatsoever with the use of VWAP. I will have to check out the book mentioned above. Thanks for sharing.

Third Screen Strategy - Dr. Alexander Elder

BOJ: Expect only a small change in the first meeting under Kuroda For traders of the Japanese yen, the first BOJ meeting under the new leadership is a huge event, as expectations are very high. However, the BOJ may announce only a limited policy ...

JPY Cross Pairs

BOJ: Expect only a small change in the first meeting under Kuroda For traders of the Japanese yen, the first BOJ meeting under the new leadership is a huge event, as expectations are very high. However, the BOJ may announce only a limited policy ...

USD/JPY Discussion

***I would suggest only focusing on the Third Screen Strategy at this point in time*** Recommended Pairs To Trade: EUR/AUD, EUR/CAD, GBP/AUD, AUD/JPY, CAD/JPY D1 MACD: Bullish or Bearish H1 Williams %: Wait for "over sold" or "over bought" ...

Third Screen Strategy - Dr. Alexander Elder

There is no indicator that I know of to map out monthly and weekly areas of support / resistance... If you want to learn more about Price Action Support Resistance (PASR) then start here: url

Third Screen Strategy - Dr. Alexander Elder

AUD/CAD You are right that we have not seen our weekly BEEB (bearish engulfing bar) that we had hoped for, however, we are near all time resistance and have a solid sell signal with Third Screen Strategy system so it is still a valid sell signal ...

Third Screen Strategy - Dr. Alexander Elder

Good question. The 20 EMA and 50 EMA don't really have anything to do with the Third Screen Strategy system. However, normally when price is above both the 20 and 50 EMA price is bullish and if price is below both of the EMA's then it is more than ...

Third Screen Strategy - Dr. Alexander Elder

Hey MKFXTrader, As for the JPY pairs I got burned about a month ago or so trying to "pick the top" in such a strong uptrend but as of right now I am confident with my sell positions. However, fundamentally speaking I am still bullish on all of the ...

Third Screen Strategy - Dr. Alexander Elder

Hi Smikester, I still follow market fundamentals very closely but it is often times very hard to trade using fundamentals as the "timing" part is almost impossible! So I have decided to stick to this technical system and let the SL or TP targets get ...

Third Screen Strategy - Dr. Alexander Elder

As you know the Third Screen Strategy is a trend strategy so it is important to trade pairs that trend nicely. EUR/AUD & GBP/AUD: Both of these pairs trend very nicely and have a good average daily range. AUD/JPY, CAD/JPY, NZD/JPY, & EUR/JPY: Most ...

Third Screen Strategy - Dr. Alexander Elder

Hi Fishcoo, As for CHF/JPY, I don't typically trade this particular pair as I trade EUR/JPY instead so I can't really say for sure. To be honest, I am a little concerned about ALL JPY cross pair shorts at this time but am following the system ...

Third Screen Strategy - Dr. Alexander Elder

Current Open Positions **All current open positions were executed using the Third Screen Strategy explained throughout this thread**

Third Screen Strategy - Dr. Alexander Elder

Perfect! I am glad this strategy is working out for you Fishcoo. Feel free to ask for input on any potential trades you are looking at and keep up the good work.

Third Screen Strategy - Dr. Alexander Elder

Excellent! As long as your SL is not too tight (preferably 150+) you should see some great results in the coming weeks with your trades.

Third Screen Strategy - Dr. Alexander Elder

There is also still good opportunity to short EUR/CAD as well. Wait for H1 to show "over bought" before placing SELL order.

Third Screen Strategy - Dr. Alexander Elder

Just added EUR/AUD short position @ 1.22564 Current Open Positions

Third Screen Strategy - Dr. Alexander Elder

Just put in a SELL order for EUR/USD, got filled @ 1.2779 D1 MACD - Downtrend H1 Williams % - Over Bought **I will be looking to have a total of 4 open SELL positions for EUR/USD so will continue to sell as price moves higher. SL: 160 TP: 280

Third Screen Strategy - Dr. Alexander Elder

Yep! All of the JPY Cross pairs as well as USD/JPY are currently telling me to sell.

Third Screen Strategy - Dr. Alexander Elder