[dpaterso]

Hi Boca,

Agreed: it IS fascinating to see how the thing works isn't it? What's even MORE fascinating is that if you pick 10 brokers or charting packages I'll almost guarantee that 5 of them will give you an incorrect Parabolic SAR parabola!!! Not 'out' by much but incorrect nevertheless.

Oh and don't worry about bringing up Parabolic SAR (again). It's STILL Wilder and it's CORRECTLY detailed in the book. I myself, however, cannot think of ANYTHING more that I personally could contribute to a discussion on Parabolic SAR i.e. the other thread is 222 pages long and counting AND someone has started ANOTHER thread on it because the original 'is just too much time consuming reading' from some!!!

I think you're also going to find the section on ADX interesting i.e. there is a lot of info there on the CORRECT use of ADX / ADXR. Same with RSI.

Anyway: good reading. Let us know what you think of Steve Nison's book as well i.e. I 'toyed' with the idea of buying it once but seeing that I have 'issues' recognizing the patterns as they are forming EVEN WITH the 'forests' of paper that I printed out on the subject I figured it would not help me at all and it would therefore just be a waste of $$$ for me.

I was actually saying to someone yesterday: I thought this thread would take off 'like a rocket' i.e. it is ALMOST a 'licence to print money' and yet for some or the other reason the 'free' systems STILL seem to be the more popular regardless of the fact that a lot of them MAY have been developed by someone who's been trading a demo account for two weeks and got 'lucky' with what they assume to be a 'holy grail' system (and I include myself in that statement by the way i.e. when I started the 'Parabolic SAR - that's all!!!' thread this was just about the case and look where I ended up because of it)!!! Don't get me wrong i.e. I'm not trying to 'stifle' other peoples creativity or ingenuity but we are here to make a living not prove a point (well that goes for me anyway) (see my signature)!!!

Anyway: for those prepared to do the 'slog' the rewards are great.

Edit:

Just remember to check the 'errata' post at the beginning of the thread i.e. you'll save yourself LOADS of time by NOT having to spend DAYS AND DAYS trying agree your own workings to workings in the book where there are indeed mistakes here and there!!!