Parabolic SAR - that's all!

[robstyle1980]

Ok, sorry guys.

I noticed a big problem. You can't even attatch image files. The gives me reason enough not to do it. We need to be able to utilize that. So, as of this point, I am abandoning that idea... for now.

[robstyle1980]

Ok... gone... deleted.

Back to the subject!

Akram,
Thanks for that post up there. I enjoy reading everyones views on things. Especially stuff that effects the FOREX.

Your positions look pretty good! Is that with the new system or the old system?

I'm getting ready to take my first position with the new system. Gonna give that a go for a few trades to get a feel for it.

Ah, I just noticed you had put "based on old/new system" on there. So you have 2 with the old and 1 with the new I see.

[robstyle1980]

Okay, I'm having major platform issues here. I'm comparing MT4 to OANDA and the charts are different. I'm attaching the images to compare. They are the daily charts of USD/CHF.

You can see differences on that charts.. but if you look at the current candlestick you will notice on Oanda's chart, the candlestick is closing above EMA50 and if you look at MT4 chart, it is closing below and no where near the EMA50. I'm not understanding why its so different. These are both on the daily charts.

I mean, I guess no matter what platform you use, the system will still work... but it just strikes me as very odd how different they are.

[pip huntter]

Originally Posted by robstyle1980

Okay, I'm having major platform issues here. I'm comparing MT4 to OANDA and the charts are different. I'm attaching the images to compare. They are the daily charts of USD/CHF.

You can see differences on that charts.. but if you look at the current candlestick you will notice on Oanda's chart, the candlestick is closing above EMA50 and if you look at MT4 chart, it is closing below and no where near the EMA50. I'm not understanding why its so different. These are both on the daily charts.

I mean, I guess no matter what platform you use, the system will still work... but it just strikes me as very odd how different they are.

Rob,


It happenes before with the PSAR that i have with my broker that i do find a vailed entry and with Dale's Delta broker it was there this entry so it could be different with brokers but if u have a vailed entry with one broker then stick to the rule take the postions.

Regards,

Akram

[pip huntter]

bye the way Rob,

how far is Montreal than u r??

Regards,

Akram

[robstyle1980]

Hey Akram

Are you refering to Montreal, Canada? If thats the case, it is really far away from me, about 2,600 miles (~4100 kilometres) northeast from me.

Why do you ask?

[forexology]

Originally Posted by robstyle1980

Glendon,

You bring up good points. Although this isn't really the spot to discuss such things... I just wanted to respond.

I totally forgot its Columbus Day because the only folks in the US who celebrate Columbus Day all live on the East Coast i.e. Boston, New York. Oh and its a government and bank holiday as well. The rest of us go to work like any other day. It's funny.

Personally, I see no cause for celebration... The man didn't even land on North American shores. He landed way south and his contribution for the whole thing was disease and death to Central and South Americans. People regard Columbus as finding the Americas when yet the Vikings landed in North America long before that and other adventurers like Giovanni Caboto who actually landed on North America. Thus opening way for Europeans to come to the "New Land" and push the natives away. Like the "Pilgrims" and the "wonderful" story of Thanksgiving that they feed school children here. It isn't till you attend college and dig deep till you learn what actually happened.

Unfortunately there isn't a Native American Day, that I know of. However, living in Southwest America, Native American culture is alive and everywhere and is celebrated. It is just sad that early American leaders pushed the Native Americans from their own land into small Reservations. It is something that has bothered me since I was a child. The whole manifest destiny thing. Can it be said that history repeats itself?

I agree, it is very sad what people do to other people for whatever their reasons. The things that happened in the past... happened in the past. Unfortunately, not a lot of people learn from it. "So what? Do what you can to atone, to make a difference, wherever you are planted, there you bloom." I can't agree more.

The book you are reading sounds interesting, I might pick it up. I love history and religious/spiritual studies.

Thanks for posting that bit of insight. It would be nice to have our own blog/forum to go to so that we wouldn't be bothering anyone with off-topic issues.

p.s I forgot I was going to post instructions on attaching images for you and anyone else who doesn't know how to do it. When you type you message, scroll down and you'll see an area under Additional Options. You'll see a sub-section titled Attach Files. Click on Manage Attachments. A separate window will pop-up (turn off pop-up blocker so you will see it). There you will see an area to add your files. Click on the browse button and find where you saved you file(s). After you are done, click the upload button to the right and it will take a couple seconds to load them. Then you can close the window and post your comment. To post charts, you should have an option in your software to save the chart you are viewing. You can usually save them as .gif files which can upload right into this. You can also go into you favorite photo editing program and add comments like Dale and I do and then save them and upload them on here. Hope that helps!

Robstyle:

O wonder what have we here
O brave new world that hath such people in it

Thanks for the chart info. Will try in a little while.
BTW my rambling about Columbus was stimulated by something I saw somewhere in forexsphere about today being Columbus Day, a bank holiday,and so trading would be slow.

Well give me the bank holidays! With the help of you all on this thread, today was probably my best day in forex trading. Mind you I did not post the losing positions that I had closed when I posted my report earlier. Let's just say I've made a net gain today, at least so far. And I plan to be more cautious than before (says every trader before they get emotional).

Glendon

PS I'm going to copy and paste your instructions on charting in my blog forexology as well as place it in a link list if I can. However, I don't believe it's ethical for me to use my blog as the information guide for the systems here, so I will continue to ask Dale to lead out in a site where we can view the data as organised topics.

[robstyle1980]

Feeling kinda bummed out. I can't seem to make anything or even get into any trades with any system. It figures the week I decide I'm going to go live, this starts to happen and my morale drops.

For instance, USD/CHF closed above the EMA today, so I got in the trade to go long. Now I'm losing out... maybe I'm just being impatient and I should just go away and see what happens tomorrow.

Could really use a good "profit" gain now to boost my spirits and make me excited again to get into this. When I first started using the first system we had going on, I was making a lot of good demo profit and I was itching to go live. Then all of a sudden I couldn't even get into any trades. Now I'm not making a damn thing and am losing out using either system.

Such is the way the thing works, I suppose. Ya win some, ya lose some.

[mastergunner99]

Think long term.

[dpaterso]

Hi folks,

Sorry you may have thought that I'd 'abandoned' you again - I hadn't - we had some MAJOR storms here yesterday and I think that it took out some or the other DNS Server somewhere - and - funny enough - I was trying to connect with my mobile phone a couple of minutes ago (couldn't stay away from the thread any longer) and - hey presto - my ADSL was back!!!

And - here is the 'cherry on the top' - the ONLY place I could connect to in the whole universe - even while this was all going down - was Delta Stock!!! It you're interested - and know (or want to know) a bit about computer networking - the reason that I could still connect to Delta is because you connect DIRECTLY to Delta i.e. you go directly to their servers IP address (this is true of MOST MT4 brokers as well by the way). If you're trading with a broker where your access to them depends on your being able to browse the Internet (in other words their IP address has to be 'looked up' on a DNS Server that may be down) then you're in trouble - AND - this brings me to a good AND IMPORTANT point - TRADE WITH STOPS (even if you have to make them 'REAL BIG' so as not to get 'whipsawed' out unecessarily - but it'll at least save your account - and you'll live to fight another day).

Thanks for ALL the posts (now I know how 'Just Joan' felt the other day - unable to read or post for a day - and - OH MAN)!!!

For what it's worth - unless the babypips Administrators start to feel 'uneasy' about the 'personal' posts - I don't see any reason (and to honest would not like to) move this thread anywhere else. Aside from us all trying to make some money here - we're all human - and - I can tell you that getting to grips with the 'psychology of trading' is probably more important than any 'system' anyone can come up with. I've seen 1000 page books with 200 pages dedicated to 'system' and 800 pages dedicated to 'trading psychology' (OK - that's not STRICTLY true - I could NEVER read a 1000 page book - I don't have the concentration span)!!! Everyone is sharing - not only their ideas here - but a little bit of themselves as well - and I think it's great. It really does make this thread 'different' and we have formed a small community here and I don't see that as a problem. I would say - as long as we don't start 'arguments' of a personal nature and cause 'trouble' with each other and start 'slating' someone elses beliefs - we're OK (I'll just bet that there are some people on this thread that absolutley HATE my music but have not said anything - which would be OK if they did - in a nice way - but NEVER say anything bad about Tarja)!!! Get the picture!!!

NOW:

This 'system' of ours:

MAYBE - I was just a 'tad' hasty on saying that this thing would work on ANY timeframe ANY direction.

Why do I say this?

Simple.

I forgot that when the 'people in the know' (like the 'Analysts' on TV and 'da big boyz') look at an instrument to see what's happening - it always the DAILY CLOSE and where the DAILY CLOSE is in relation to the EMA's or SMA's. If you read or subsribe to any of the newsletters that I posted links to earlier on in the thread you'll notice statements like 'In order for Gold to go to $XXX if NEEDS to close above XXX otherwise if it closes below XXX then it's probably going to correct to XXX before going to XXX). Those 'gurus' are looking at the CLOSING DAILY PRICE on a FRIDAY. In other words 'da big boyz' are NOT going to make ANY trading decisions based on what may be happening on the 1 Hour or 4 Hour timerframe. I don't know - they MAY trade those timeframes - BUT - I'LL GUARANTEE that they don't trade contrary to whatever is happening of the daily timeframe. Does that make sense??? I'm seeing it now: yes Gold and Silver pretty much broke even for me yesterday - so I closed the positions (promising myself of course that I would NEVER EVER touch Gold again). Then - of course - this morning - Gold had closed below the 50 EMA on the 4 Hour - so - I went short - and - at the moment - it's climbing up again!!! Of course!!! How could I even think that it would go in any other direction other than the total opposite to any position that I opened!!! The 'long and short' of it is this: If the CLOSING PRICE YESTERDAY is still above the 50 EMA (or SMA) then it would be 'dumb' to take short trades on ANY OTHER SHORTER TIMEFRAME BECAUSE one could only be sure that Gold (for example) is on it's way down IF the price has CLOSED BELOW the 50 EMA the previous day. John F. Carter explains things in a far more 'eloquent' way than me but, basically, you are trying to find the path of least resistance when taking a trade. True - if Gold (again - for example) is still above (closing above) the 50 EMA but you're getting a signal to go short of the 4 Hour timeframe - it does not mean that you're NOT going to make some profits on the 4 Hour timeframe - but the likelihood of Gold continuing up because it closed yesterday above the 50 EMA (path of least resistance) is BETTER than the likelihood of Gold going down (path of most resistance). We want to be in those 'easy' trades - not those 'forced' 'fly by the seat of our pants and hope for the best trades'. Make sense??? Thoughts??? Input???

Following on from the above - every single trade that I took this morning - on the 4 Hour - that was contrary to where the instruments price closed yesterday on the Daily - is in a loss right now - whereas - every single trade that I took this morning on the 4 Hour which was NOT contrary to where the price closed yesterday on the Daily - is in profit. Again - it does not mean that the trades that were taken on the 4 Hour contrary to yesterdays Daily closing price will not turn into a profit - but the likelihood of this happening is not as great as the likelihood of the trades that were NOT taken contrary to yesterdays Daily closing price making a profit.

Whew!!! Those two paragraphs have ALREADY 'taken it out of me' and it's only 09h27 here in the morning!!!

Anyway - keep posting (hopefully I won't have any more 'snags' to deal with here today).

Regards,

Dale.