I've got a few short positions in USD/JPY, EUR/JPY, and CAD/JPY from the pat week or so. Current Open Positions **Let's see what ADP NFP brings for us in the next few minutes**

JPY Cross Pairs

It doesn't matter because the Risk:Reward ratio is always the same. Risk 160 to make 280. That is a risk / reward ratio of 1:1.75 (risk $1 to make $1.75) You just need to adjust your lot sizes accordingly to the stop losses that we use along with ...

Third Screen Strategy - Dr. Alexander Elder

So the Bank of Japan starts its two day meeting today. There is a huge weight of expectation upon the governor Kuroda. To stand any chance of achieving the goal of 2% inflation in two years, he’s going to have to come out guns blazing when results ...

JPY Cross Pairs

Hey CoonDawg, I've looked at FXY charts a few times but don't really follow it enough to have any sort of edge.

JPY Cross Pairs

We don't consider "news events" when trading our strategy. If price moves against us (UP) then we simply add another position to get a better average price. News is relevant only when it contributes to break sequences of measured moves induced by ...

Third Screen Strategy - Dr. Alexander Elder

Current Open Positions 2nd Chart shows trades with highest floating profit towards the top. I've highlighted the trades with the most potential of reaching TP targets fairly soon. Looks like two of the EUR/AUD trades will hit TP very soon. Next up ...

Third Screen Strategy - Dr. Alexander Elder

After looking at the charts it looks to me that we might see EUR/USD, EUR/AUD, EUR/CAD, and EUR/JPY break through their current support levels today. Keep an eye on the EUR during the next 2 hours or so. Hope everybody is having a good week so far!

Third Screen Strategy - Dr. Alexander Elder

I think that is an excellent choice. We have a nice weekly down trend, D1 MACD is not quite bearish but I would take this trade anyways as it is going to cross ove very soon, just wait for H1 to show "over bought" using Williams. Also, price is ...

Third Screen Strategy - Dr. Alexander Elder

Nothing else to say but IMPRESSIVE! 500% return in about 5 months... That's not what she said... LOL

Geppy's Geppy Thread (GBP/JPY)

Yea you are probably right about account size being a major factor. I probably couldn't have experienced the same results with a 3 figure account, well, it would have been extremely difficult as available margin is a serious factor. I remember you ...

Geppy's Geppy Thread (GBP/JPY)

I will kind of have to disagree with you on this one my friend. For example, let's take a look at all of the JPY news related articles that I started posting back in October. I actually started receiving them from various financial research ...

Geppy's Geppy Thread (GBP/JPY)

I haven't been posting in this thread lately but have been following everybody's posts. You're doing great Chris! Keep it up man I really don't like to concern myself with the fundies either. The same news event with same numbers can ...

Geppy's Geppy Thread (GBP/JPY)

What's going on on the 4th? I think tomorrow is Japan's "4th of April" Could be mistaken though... I thought everything important JPY related is tomorrow? (except for of course NFP which affects U/J)

Geppy's Geppy Thread (GBP/JPY)

Hey Chris! Yep I'm bearish on USD/JPY as well as the JPY cross pairs for the time being. Have been since March 18th when I closed out my long positions and started shorting EUR/JPY. Don't get me wrong, this is more of a short to mid term outlook ...

Geppy's Geppy Thread (GBP/JPY)

GBP/JPY (continued) Current Target for GBP/JPY: 132.75 If markets are disappointed tomorrow (which I expect they will be) then I see us moving back down to 132.75 which helps us to form a new "higher low" from a weekly perspective. Resistance turned ...

Third Screen Strategy - Dr. Alexander Elder

Hey Fishcoo, You are right, the GBP/AUD trade was definitely "counter trend" so it was a little more risky. I like the GBP/JPY short position at this time. Here are 2 posts I made in the GBP/JPY thread about an hour ago or so. GBP/JPY 20 EMA is ...

Third Screen Strategy - Dr. Alexander Elder

Simple solution to this is to adjust your lot sizes. If you trade 1 standard lot right now and you prefer to open up one position per pair then here is the alternative: Open up 4 separate .2 positions. Or open up 3 .3 positions. Or open up 2 .5 ...

Third Screen Strategy - Dr. Alexander Elder

Nice work Irampagemc! Also, thanks for sharing your alert indicator with everybody here.

Third Screen Strategy - Dr. Alexander Elder

Each position has a SL of 160

Third Screen Strategy - Dr. Alexander Elder

One of my GBP/AUD BUY trades hit the SL target today for a loss of 155 pips. Accumulated Pips from March 18 - April 2: 1,516

Third Screen Strategy - Dr. Alexander Elder