I will be completely honest with you. I've tried a few other strategies but I like to stick with what works and then spend my time looking for other streams of income whether it be managed forex accounts through traders with proven and profitable ...

Third Screen Strategy - Dr. Alexander Elder

Axlz, This is a very good observation and you may in fact be right. Often times the USD has the biggest impact on other currencies so maybe this is why we see the "natural" direction occur with above mentioned pairs. However, I really do not know ...

Third Screen Strategy - Dr. Alexander Elder

I will be trading another live MT4 account starting next week so I'm freeing up some ram on my computer. This will only be temporarily though as I am looking at getting another desktop computer to compliment my current setup later next week. Will ...

Third Screen Strategy - Dr. Alexander Elder

Important Point about the Third Screen Strategy: We open multiple positions for each pair in order to get better entry points if price moves against us for a certain period of time. We are trading off of the Daily charts so entry points do not need ...

Third Screen Strategy - Dr. Alexander Elder

If you do not understand WHY trades are split up between multiple positions then you really do not understand this Trend Trading strategy at all... Assuming you have only 1 entry and price moves against you, now you are not able to open another ...

Third Screen Strategy - Dr. Alexander Elder

Again, everything you say here has to do with Money Management! NOT the quality of a strategy or system that a trader uses. Think about it...

Third Screen Strategy - Dr. Alexander Elder

Quick question for you Indrek, are you even trading this strategy on any type of account (demo or live)? I've only seen you comment on other people's trades, pips, drawdown, money management, etc... but never about your open trades or accounts. Just ...

Third Screen Strategy - Dr. Alexander Elder

I think the recommended SL & TP parameters for the Demo #2 are a better idea and I personally like the 6 Hour Delay more than 12 but that is just my personal preference. 12 will be a little more conservative than 6...

Third Screen Strategy - Dr. Alexander Elder

This is also the biggest reason why I prefer the 3SS over the 20 & 50 as well. One thing I also noticed (which is a very good thing) is that you do not over leverage yourself! This means that your account will stay alive through the good ...

Third Screen Strategy - Dr. Alexander Elder

Acosma, Thank you for sharing your Trade Explorer and after taking a quick look through your closed trades it is clear to see where you have been going wrong and if you keep doing what you're doing you will not be profitable with this strategy. You ...

Third Screen Strategy - Dr. Alexander Elder

Do you mind sharing your trade explorer or was that directed to me? If it was directed to me, you can already see that I am basically back to where I was BEFORE the major moves late last week so I have nothing to worry about... My trade explorers ...

Third Screen Strategy - Dr. Alexander Elder

Like I said before, I like when price moves against me as this is the ONLY way we are able to build new positions. If price always moves in our favor how would we ever be able to buy/sell on the retrace? However, I do think it is best to "stay out ...

Third Screen Strategy - Dr. Alexander Elder

Sounds about right for me as well. Those who let their emotions get the best of them this past week probably learned a very hard lesson. Some people try to "outsmart" the market and make things more complicated then it really is, those are the ones ...

Third Screen Strategy - Dr. Alexander Elder

I think the trade explorers speak for themselves... Just because there is no party doesn't mean there is no money

Third Screen Strategy - Dr. Alexander Elder

Passive Cash Flow Grid Trading System ATTENTION INVESTORS: The Passive Cash Flow Grid Trading System was designed with the intention of creating an ongoing MONTHLY PASSIVE CASH FLOW and that's exactly what I plan to do! 100% Passive Monthly Cash ...

Passive Cash Flow Grid Trading System

20% profit is an excellent gain! USD/JPY just made its way back down to the 20 EMA and is also very close to the 50 EMA. I expect a nice bounce up from here and possibly a continuation of the recent uptrend. As always, only time will tell ...

Third Screen Strategy - Dr. Alexander Elder

Yep! That is all too common in the world of FOREX. As long as they don't blow their accounts and then come back here and say the system doesn't work! LOL **Fear & Greed are the two worst enemies for traders / investors**

Third Screen Strategy - Dr. Alexander Elder

As always, if I could only choose 4 it would be EUR/AUD, GBP/AUD, AUD/JPY, CAD/JPY.

Third Screen Strategy - Dr. Alexander Elder

Hi MKFX, I know this question was directed to Claudia but my personal recommendation is to trade at least 4 pairs and no more than 10 at any given time. Obviously this will depend on risk tolerance, account balance, leverage, and your overall ...

Third Screen Strategy - Dr. Alexander Elder

Correct. Everybody needs to remember that "Available Margin" will vary depending on the amount of Leverage your particular broker offers. 1.6 Lots for $5k balance is definitely NOT a "one size fits all" calculation. This is why I said as as "rule of ...

Third Screen Strategy - Dr. Alexander Elder