Hey bro. I am letting the EA do it's thing on one account, while I am trading manually using Stochs on another. If you would rather me NOT share my findings, and you rather trade blindly using an EA, then it's up to you. Nobody said anything about ...

Third Screen Strategy - Dr. Alexander Elder

Another example. Cad/J is in drawdown almost 60 pips and was signaled by WPR while Stochastics is still showing a strong short term uptrend and is not even close to O/B.

Third Screen Strategy - Dr. Alexander Elder

Here's another example rexio. WPR has already been in OB territory on N/J for a couple of candles now while both lines in stochastics is still pointing up and has barely touched O/B area. Both lines moving in the same direction is confirmation of a ...

Third Screen Strategy - Dr. Alexander Elder

I specifically wait until both lines enter OB/OS territory because as Dr Elder describes, when both stoch lines move in the same direction it supports that the short term trend is strong. So I wait until both lines have entered OB/OS territory and ...

Third Screen Strategy - Dr. Alexander Elder

I'm not sure about that. You may in fact be correct. Maybe that's why I think Stochastics may work better by giving better entries. It's slightly delayed and much smoother and prevents getting in so early when PA is still moving against the ...

Third Screen Strategy - Dr. Alexander Elder

Sure rexio. Here's a chart of G/U. As you know some times WPR will stretch itself further live as PA moves and often times it touches OB/OS territory and triggers a trade while retracting back down and moving yet further into OB/OS territory. What I ...

Third Screen Strategy - Dr. Alexander Elder

In trading of this system, I have found that using Stochastics instead of WPR gives me better entries and limits the amount of draw down and numerous unnecessary opened positions. It is described in Dr Elder's system how to use stochs, which an ...

Third Screen Strategy - Dr. Alexander Elder

It may be in fact that it depends on your broker feed. For example my E/A daily chart has already flipped over to short. That's what I'm thinking.

Third Screen Strategy - Dr. Alexander Elder

Why would you disable all other pairs and have only Yen pairs trading? You are over leveraged on Yen pairs dude. Feast or famine.

Third Screen Strategy - Dr. Alexander Elder

Anything wrong with this picture? Nothing else open, beside these yen pairs?

Third Screen Strategy - Dr. Alexander Elder

Does NOT interrupt or reset either.

Third Screen Strategy - Dr. Alexander Elder

In the case of E/U and U/CHF, it just doesn't make much sense to have open positions on both pairs, even if it is in opposite direction. Why would you do that? It's basically the same as you doubling up on one pair. These two pairs are roughly 90% ...

Third Screen Strategy - Dr. Alexander Elder

Looks like AUD and NZD pairs playing out as I had alerted yesterday. My advice is to look at the daily close each day for signs in PA. Hope everyone is doing well. GL

Third Screen Strategy - Dr. Alexander Elder

Technical analysis report just posted by a DailyFX quantitative strategist. Seems to agree with what I have posted above regarding possible reversal on AUD. Pippy mentioned it as well. Watch the daily candle close on AUD pairs. Take a peak at NZD ...

Third Screen Strategy - Dr. Alexander Elder

Nobody is saying don't stick to the strategy. You need to be diligent. You can't be so mechanical in your trading that you ignore the obvious. There is more to trading then just hitting the sell/buy button when you are OS/OB. The system gives you ...

Third Screen Strategy - Dr. Alexander Elder

Everyone and their Mother is doing the same. Just watch to see how the candle closes. If you get a kangaroo tail candle close on the daily, then you need to be diligent for next day or so.

Third Screen Strategy - Dr. Alexander Elder

I didn't mention anything about how it's done today. I'm not talking about consolidation. I am merely giving a heads up of a potential reverse daily candle setup, that you normally see after a long run up/down. Doesn't mean it's going to definitely ...

Third Screen Strategy - Dr. Alexander Elder

Heads up - If you're trading N/U, A/U, G/A, E/A, G/N or E/N, you need to look at the daily candles which are forming. This is a classic possible sign of bottom/top reversal. I may sit on the sidelines with these pairs just to see what next couple of ...

Third Screen Strategy - Dr. Alexander Elder