[dpaterso]

And this is for everybody:

I have attached my 'Daily Parabolic SAR Watchlist' (Akrams 'wishlist').

It has gone through some revisions as you can see i.e. lot's more columns - let's face it - the more columns it has - the more impressive and 'complicated' it looks!!! OK - the other columns are for other trading systems that I currently use and have nothing at all to do with Parabolic SAR except for the 'PS' column. The 'PS' column is simply the current direction of Parabolic SAR.

The reason that I'm posting it here is because I thought that you may find it interesting that by compiling this list on a daily basis it soon becomes very clear what the current trend is for a particular currency ('major').

In other words:

The red 'ticks' mean that on the daily chart Parabolic SAR is going down for that pair and the green 'ticks' mean that on the daily chart Parabolic SAR is going up for that pair (the blue 'ticks' are the pairs on the 'watchlist / wishlist').

So - you're all thinking - so 'effing what'!!!

Well - if you look very nicely - it's real easy to see that the USD (for example) - is losing ground against 'everything' - and the AUD (another example) is gaining against 'everything' (Ingot54: MAKE IT GO DOWN). What this tells you (I believe) is that when you have 99% 'the same color ticks' for a given 'major' then it's the 'major' that's going in that direction. When you have a 50/50 split or so between the red 'ticks' and the green 'ticks' then it's not the 'major' that is going in a particular direction it's the 'minors' that are being moved for what ever reason.

And why does this mean anything to me? Well - if you get a new Parabolic SAR entry signal to go short on EUR/NOK for example and the EUR 'appears' to be losing ground against everything else then you can be 'pretty sure' that the signal is valid. Get it???

What I would like to see is the day that this worksheet has ALL either red 'ticks' or 'green' ticks - that's when the 'mutha of Parabolic SAR equilibrium' has been reached!!! Imagine being able to go long or short on every single pair with an almost 100% certainty that they're all going to be going in the same direction and then they will all reverse and go in the same opposite direction and just keep on doing this until the lights go out!!! If it ever happens - I promise I'll post it again!!!

By the way - I alternate daily between light green/dark green and red/orange and light blue/dark blue. Why? Well - if you must know - it's probably the most important detail on the 'wishlist' - it's so that I don't get bored everyday when I look at it!!!

Anyway - that's what I work off everyday (forex) - use it - don't use it - whatever - have fun.

Regards,

Dale.

PS - Thanks for whoever answered the 'where do I put my stop losses' question. I'm the last person that should have been asked that question ESPECIALLY when I don't have any open positions AT ALL and am therefore not making any money (on forex anyway - you folks want to see the Indices - man - it's a thing of beauty - and the best part - what goes up that fast - comes down equally as fast)!!! And - you just watch Gold - when it comes down - it's going to be '1929 style' - so - 'AUD longs' - watchout!!!

PPS - I'm sure we've reached the all time record on babypips for the sheer number of posts on a single thread!!! Is there not a prize or something for this???

Edit: Nah - I just noticed there's another thread with over 700 posts - BUT OURS IS QUALITY!!!