Hello AGAIN today!!!
kaalilaatikko:
I really happy for you now that you've finally got the book. Like I said: judging by your posts I just KNOW that it's the kind of thing that will interest you.
I agree with what you're saying about learning from the BAD experiences and I must say that is what makes this thread so great i.e. none of us are ashamed to share our good AND bad (I've noticed that with so many other threads not only here but on other sites as well that when things are going well MAN is there activity but the moment things start going 'pearshaped' the threads become decidedly quiet)!!!
Now it's funny that you bring up the VS tonight as I've just prepared a chart showing what I meant by having a 'stop level' as well. I've attached a chart of GBP/JPY daily (which by the way it would sure look like a long VS trade is 'in the making'). Let's say that the price closes above the 'standard' VS SAR tomorrow. You'd then switch the indicator (once you're in the trade) to 'short' and if the price closes below the VSTOP (I've decided to call it the 'Volatility Stop System') then you'd (hopefully) take profit at that point as opposed to waiting for a close contrary to the 'standard' VS SAR. Basically it's just TWO 'standard' VS SAR calculations using different constants. WHADDA YA'LL THINK!!!
Edit:
kaalilaatikko: I've just tried to send you an email (to your gmail account) and it came back as undeliverable again so I've sent another one to the OTHER email address you gave me. Hope you get it.
Last edited by dpaterso; 06-15-2008 at 03:57 PM.
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