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Old 07-30-2007, 03:42 PM
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dpaterso dpaterso is online now
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Hi.

I hope (for your sake and mine) that it's not beginners luck!

It might make you feel better to know that I now currently have 27 open positions / 27 pairs and only 4 of them are showing a small loss at the moment - the others are all in the green.

As far as an exit strategy is concerned - remember that your stop and reverse is (supposed to be) your exit strategy if you are basing your entire 'system' on this indicator. I know that the most difficult thing in the world to do is to stick it out until the stop and reverse comes. It's so difficult because you know that at some point the huge profit that you may be showing on a position has to reduce at some point in order to get to the stop and reverse point. The hope is that when it eventually does reverse you have already locked in profits well down the line so that when the stop and reverse point gets hit your profit does not get reduced by too much. On the other hand I've had a look and found many trades where a trend has started and just kept going and going to the point where Parabolic SAR only gets penetrated with small loss of a couple of PIP's when 'violent' reversal comes - that's the ideal situation.

Regards,

Dale.
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