Good morning!
Thanks Thomas for the compliment - much appreciated.
I must just stress one thing - once again:
Do not be misled by the profits that I made this past week.
I WAS kicking myself yesterday morning for closing out those positions that I had open on Thursday but after the Fed stepped in yesterday stocks started 'stabilizing' as it were and the price of all of the pairs that I had open reversed big time. What this means is that my getting out on Thursay afternoon was more luck than anything else it would appear and this makes me feel even worse. While I am obviously happy that I cleared out with so much profit it feels that I was not really trading for these profits and I cannot afford to nor wish to have a 'windfall' like that once every six or seven months.
I am going to follow the price of those pairs that I had open this past week with Parabolic SAR until the stop and reverse point and try and calculate what my actual end profit WOULD have actually been had I not taken my $50K profit on Thursday and I will post the figure.
What I'm saying is that I don't see how you can lose in the long run with Parabolic SAR BUT the profits that I made on Thursday CANNOT be used as yardstick so don't get discouraged if it turns out that you are not making HUGE IMMEDIATE profits like I did this past week.
If you like (I'm trying to think how we can do this) maybe we can start posting messages when new Parabolic SAR Dots are appearing i.e. every time one of us opens a position maybe we should post the details of those positions and follow them through together as they go. This would be a good test of the different representations of Parabolic SAR at different brokers at very least and maybe we can compare notes as it were and what works for one person may not necessarily work for another (although with this indicator I don't see how any of us could get very different results let's face it). Also - Trading is a lonely sport you know!!!
Anyway - let me know if you are interested.
Regards,
Dale.
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