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 Support ...

Geppy's Geppy Thread (GBP/JPY)

20 EMA is about to cross over the 50 EMA on the Daily chart. Last time this happened was May 15, 2012 and price dropped 1,000 pips (from 128 down to 118) in almost exactly 2 weeks time. After which the 20 EMA did not cross back over the 50 EMA to ...

Geppy's Geppy Thread (GBP/JPY)

Opened up 2 more USD/JPY SELL positions. Current Open Positions

Third Screen Strategy - Dr. Alexander Elder

Another member just brought the following to my attention which I completely disregarded when I replied to your question. Keep in mind that if you are trading multiple JPY pairs (for example) and keep the 4% rule per pair then you are now heavily ...

Third Screen Strategy - Dr. Alexander Elder

I have never used the standard / traditional MACD indicator for this strategy so I really don't know what to say except for it is probably best to use the MACD indicator that I am using so that we can all remain on the same page.

Third Screen Strategy - Dr. Alexander Elder

You're welcome. I think that 4% is a very reasonable amount of risk per pair. Risking 5% per pair at any given time is still OK

Third Screen Strategy - Dr. Alexander Elder

I added one USD/JPY short. Already have 4 EUR/JPY short positions from before so will not add anymore at this time. Already have 4 CAD/JPY short positions from before so will not add anymore at this time. Opened up 4 NZD/JPY and 4 AUD/JPY shorts ...

Third Screen Strategy - Dr. Alexander Elder

Yep! AUD/NZD has been ready to go for the past week or so. Wait for H1 to show "over bought" before placing your trade. Price is now below the 20 and 50 EMA as well giving us even more confirmation of a continued down trend. Also, AUD/NZD doesn't ...

Third Screen Strategy - Dr. Alexander Elder

Perfect! Got in a few NZD/JPY and AUD/JPY SELL positions.

Third Screen Strategy - Dr. Alexander Elder

It is completely up to you. Sometimes it is better to open position right when it hits over bought / over sold territory as sometimes we don't even get the chance for it to stay in the over bought / over sold territory before hour candle closes. If ...

Third Screen Strategy - Dr. Alexander Elder

NZD/JPY is good to go for those interested in selling... Getting ready to pull the trigger. I'll probably wait for this hour to close so AUD/JPY should be ready by then as well. **IMPORTANT** For those of you following my trades my AUD/JPY sell ...

Third Screen Strategy - Dr. Alexander Elder

AUD/JPY, NZD/JPY, and CAD/JPY are ALL just about to hit "over bought" territory on the H1 time frame. Might want to look to start building some SELL positions if you haven't already. I know Fishcoo is already aware and knows what to do...

Third Screen Strategy - Dr. Alexander Elder

Hey WhatFx, Sorry for singling your post out but I want to show everybody here why we trade with the trend instead of trading against the trend. It is very dangerous to try and counter trend trade. Remember, always observe what is going on with the ...

Third Screen Strategy - Dr. Alexander Elder

Excellent work observing candles as well as MACD on the Weekly chart! MACD is about to cross over to the down side on the Weekly chart... I think this will be a very profitable position for you. Also, you are right in regards to the 50 EMA, we ...

Third Screen Strategy - Dr. Alexander Elder

All CLOSED positions since March 18, 2013 Total Profit in Pips: 1,671 Floating Profit in Pips: 2,000+

Third Screen Strategy - Dr. Alexander Elder

Current Open Positions 2,000+ Pips Floating Profit **Highlighted trades fairly close to TP targets**

Third Screen Strategy - Dr. Alexander Elder

Looks like 2 of the USD/JPY sell positions hit their TP earlier today while I was out. Banked another 558 pips between those two positions.

Third Screen Strategy - Dr. Alexander Elder

Going long on EUR/USD today has nothing to do with the Third Screen Strategy which is explained throughout this thread so please make sure to clarify WHY you entered this position so as to not create confusion for the traders utilizing this ...

Third Screen Strategy - Dr. Alexander Elder

I mentioned before that one needs to take the Weekly trend into consideration FIRST. Then trade using Daily MACD and H1 Williams % I can't really explain to anybody here how to tell if Weekly trend is up or down, it is pretty self explanatory most ...

Third Screen Strategy - Dr. Alexander Elder