Parabolic SAR - that's all!

[dpaterso]

OK - well - here it is - so far:

AUD/CAD - Long - Daily - Profit
USD/JPY - Long - Daily - Profit
USD/SEK - Long - 1 Hour - Profit
GBP/CHF - Long - Daily - Loss (spread)
USD/BGN - Long - 4 Hour - Loss (spread)
USD/DKK - Long - 4 Hour - Loss (spread)
USD/RUB - Long - 1 Hour - Loss (spread)

Of COURSE - I still have those other 'waste of times open' - you know - from before:

EUR/RON - Short - Daily - Loss ('majestic') - BUT - should close below 50 EMA today on 4 Hour so I'll 'double up' the position
XAG/USD (Silver) - Short - Daily - Loss (not too bad) - BUT - has already closed below 50 EMA on 4 Hour - good sign I think
XAU/USD (Gold) - Short - Daily - Loss (also not too bad anymore) - BUT - is getting close to 50 EMA on 4 Hour
WTI1107 (Oil - West Texas Intermediate) - Short - Daily - Loss (getting smaller) - BUT - is also getting close to 50 EMA on 4 Hour
COIL1107 (Oil - Brent Crude) - Daily - Loss (also not too bad anymore) - BUT - is also getting close to 50 EMA 4 Hour

So far - so good (I'm a little bit 'USD heavy' at the moment - not too happy about that but - let's see where this all goes shall we).

Regards,

Dale.

[timbaboy]

Hey pipul,
I wanted to get your advices and opinions about trading platforms.
What do you think would be the best trading platform to open live account???
I am using few for Demo accounts and so far MT4 is the best and the most accurate to our system, but unfortunately I think it is not possible to have live account with MT4.?
Since I am also situated in Finland as Johto, I wanted to ask you Johto which platform do you use with your live account? If it is not a secret of cores
All you opinions and advices are highly appreciated,

Thanx a lot,
Regards,
-t-

[Hypechic]

I'm absent for 2 days and there's so much new stuff. I'm scared to think what would happen if I'm away from this thread for 1 week.

[dpaterso]

Hello 'Just Joan' - nice 'early' start again I see!!!

And - yes - staying away that long would not be a good thing - for sure!!!

timbaboy:

For what my opinions worth - of all the platforms - yes - of ALL the platforms - MT4 really is the 'nicest' and most 'polished' - no question about it - the problem is finding a 'decent' broker that you can use it with. There's no point in having the 'nicest' software and trading with a broker that 'rapes' you at every opportunity!!!

Anyway - looks like I going to get my 'well deserved reprieve' with Gold and Oil!!!

I suppose I just 'jinxed it' now - watch Gold go to $1K and ounce today!!!

Regards,

Dale.

[dpaterso]

Another thought (in defense of the 'change of game plan'):

Remember also - that there are MANY traders looking at the 50 EMA and 200 EMA - I do know this - I see and hear about it ALL day EVERY day on Bloomberg and CNBC.

Why does this mean anything?

Simple: if 'da big boyz' start selling off when the price closes below the 50 EMA what do you think is going to happen to the price??? Same if they start buying when the price closes above the 50 EMA!!!

It becomes 'a self fulfilling prophecy' does it not??? Same as Fibonacci levels!!!

By the way - once again - we're at the 'commdoll' phase i.e. it does not make sense to be long AUD/CAD and short Gold and Oil (well - OK - MAYBE on THIS pair it should make no difference if BOTH Gold and Oil are on their way down - but it would make HUGE difference if it were AUD/USD for example).

Regards,

Dale.

[pip huntter]

Dale,

i just checked my platform right now from yesterday night and guess what happened??? i am in profit for all the postions i am having remmember last friday after the news had been released. this is what i am having now.

Well Dale i looked at the SMA & EMA i couldn't find that much of difference between then i don't know why u say EMA is better.

Ok to be honest i took a postion last night based on your new rules and guess what??? 80 pips!!!!!!!!!!!! YES PROFIT MY FRIEND!!! IT IS GBP/CHF

Regards,

Akram

[dpaterso]

Hey Akram,

Glad to hear it.

The phrase 'Adapt Or Die' comes to mind my friend!!!

We're 'adapting' and 'dancing WITH the market not AGAINST it' now.

Regards,

Dale.

[pip huntter]

Originally Posted by dpaterso

Hey Akram,

Glad to hear it.

The phrase 'Adapt Or Die' comes to mind my friend!!!

We're 'adapting' and 'dancing WITH the market not AGAINST it' now.

Regards,

Dale.

Dale,

Let me tell u somthing to enter the trade why can't u apply the EMA or SMA on the entry for any trade meaning if the candel closed below the EMA'S then i will go short if the PSAR IS SHOWING DOWN TREND

and i will go long if the candel closed was above the EMA and my PSAR is going up trend.

Ok Dale as i said before we r like boxers but i think by this syestem u MOVE LIKE A BATTEFLAY STING LIKE A BEE U CAN'T PROTECT WHAT U CAN'T SEE!!!!

MAN IT IS SHOWING NOW 97 PIPS!! and i am openeing another long postion now GBP/USD 1 hour so let us see what will happen!!

Regards,

Akram

[capt.findus]

why long on gbp/usd??

[dpaterso]

Because the previous candle CLOSED above the 50 EMA (or SMA).

Actually - this is VERY important - and it's where this system will either 'make or break you':

It's the previous CLOSE that's important.

On GBP/USD I can, unfortuanately, see disaster coming on the 1 hour chart (maybe) but - you'll eventually get the 'hang of it' and settle on a timeframe that gives you the best results. My 'money' right now is on the 4 hour and the daily - depending on the pair - the 1 hour seems to be a bit of a 'bit*h' to maintain i.e. false signals galore.

Regards,

Dale.