Parabolic SAR - that's all!

[pip huntter]

Originally Posted by capt.findus

why long on gbp/usd??

Hey capt.Black!!! how r u?

Well i went on long coz the candel closed abaove the EMA line but i think i will not do this again coz the PSAR show in an opposite trend it is above the candels means it is showing down trend while the EMA shows up trend let us see i will not close it till i see how the market will reacts coz i am having loss now on this pair 9 pips


Akram

[pip huntter]

Originally Posted by 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.

Yes i just left the trade will 19 pips loss and i don't know.i am just thinking to go short now coz i will be with the same direction like the PSAR

HOW DO U THING?

Akram

[capt.findus]

hey

i think i'll short eur/usd but i'm not sure... it's so flat..


edit: i was typing and it's going down damn

[johto]

Originally Posted by timbaboy

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
-t-

I use https://fxtrade.oanda.com/ ...easy to transfer money using paypal. My Oanda account is in USD dollars, so i send USD dollars, not the Euro using paypal too. They wanted TWO ID-cards(i used driver license and id-card) and one random utility bill which showed my address, i scanned those and send them via email as the instructions tells when registering. Registering doesnt cost a dime. I have nothing bad to say about oanda for the few weeks i have had this live account.

I recommend you to try and register for their fxdemo account first.
I like their client, its java based but its suprisingly fast on my linux desktop


Oh and btw, my live account is HUGE, i mean HUGE in capital!
Its was initially 96 dollars, now its 110 dollars, 14% gain of capital is not bad for one week of profits

[johto]

Hey Dale, how do you calculate how much of the capital you put per trade, and how much you have free margin of total margin used? I dont want to go pear shaped and run out of margin.

Using what ever leverage is ok imho as long as the % used per trade is "safe" ..whats your percent ?

I know i should have only 1% per trade but using my 100$ account lol its too tiny already, so i have "risked" about 10$ margin per trade. I have now 4 trades running eating 40$ margin, and margin awailable 60$.
Its can be risky if many trades goes pear shaped same time...

Everybody, whats your "safe" ammount per trade, opinions please.

[dpaterso]

Hey - johto - are you just ignoring my previous post about Tarja???

Anyway - one more 'refinement' to our 'new' system (for those 'idiots' like me who actually CHOOSE to trade the 'exotics' with like a 'gazillion pip spread)':

Check the direction of the following according to our 'new' rules:

USD/???
GBP/???
EUR/???
AUD/???
NZD/???

and then only take positions in the same direction on the 'exotics' e.g. if you're supposed to be short GBP/USD then you only take short positions on things like GBP/NOK and GBP/RON - not so???

Regards,

Dale.

[timbaboy]

Originally Posted by johto

I use https://fxtrade.oanda.com/ ...easy to transfer money using paypal. My Oanda account is in USD dollars, so i send USD dollars, not the Euro using paypal too. They wanted TWO ID-cards(i used driver license and id-card) and one random utility bill which showed my address, i scanned those and send them via email as the instructions tells when registering. Registering doesnt cost a dime. I have nothing bad to say about oanda for the few weeks i have had this live account.

I recommend you to try and register for their fxdemo account first.
I like their client, its java based but its suprisingly fast on my linux desktop


Oh and btw, my live account is HUGE, i mean HUGE in capital!
Its was initially 96 dollars, now its 110 dollars, 14% gain of capital is not bad for one week of profits

Kiitos Johto,
Thanx for the info, I already use Oanda's Demo account it is good enough, but I do not like our main indicator (PSAR) there and the way it works, it is not very accurate, I always use to confirm valid trades on MT4 and then go to open position in Oanda, this is what I am practicing at the moment and this is what I will probable do when I open live account.

Thanx again.
Regards,
-t-

[dpaterso]

Well - all I can say is this:

SOMETHING must be working right - it's been a very long time since I've had so many 'green' positions open!!!

Now - if everyone will just start selling Gold and Silver and Oil AND STOP BUYING IT - I'll be WELL on the road to 'recovery'!!!

Regards,

Dale.

[pip huntter]

Originally Posted by dpaterso

Well - all I can say is this:

SOMETHING must be working right - it's been a very long time since I've had so many 'green' positions open!!!

Now - if everyone will just start selling Gold and Silver and Oil AND STOP BUYING IT - I'll be WELL on the road to 'recovery'!!!

Regards,

Dale.

I do agree with u but we still have to test it more and more to make sure what we r saying and facing is true!!

i will try to check on the 1 hour and will let u know

Akram

[dpaterso]

Actually - I'm also starting to notice something else here:

Remember that 'da big boyz' will look at the close on the daily charts - not the shorter timeframes.

SO:

MAYBE - if you're going to trade the shorter timeframes i.e. anything shorter than the daily timeframe - you should only take positions in the same direction on the shorter timeframe as the daily. Just a thought.

The reason I'm saying this at the moment is because GBP/NOK is showing me the 'thumbs down' and is in a loss and, on the daily timeframe, the price has NOT done a proper reversal yet i.e. the price is still well below the 50 EMA on the daily timeframe.

Regards,

Dale.