Parabolic SAR - that's all!

[dpaterso]

You read my mind!!! The only reason I have not embarked on this 'adventure' is because I allowed myself to consider too many other things and too many other people previously and a while ago I came to realise that this is not getting me anywhere and I'm going to have plenty of regrets if I don't do certain things that I want to do before I'm 'six feet under'.

So - I'll be there - hopefully (again - EQUITIES willing) - next year.

Thanks for the very nice post.

[FXRYAN]

Hi pip huntter I was refering to the Parabolic SAR system

[dpaterso]

Sorry FXRYAN, it seems that somehow or another nobody replied to your message.

(I'm assuming it's your post about money mangement to which you refer)???

I (personally) cannot advise you on this because I would not advise anybody to follow MY money management rules.

All I CAN tell you is that money management is money management is money management i.e. it really does not / should not matter WHAT system you decide to trade money management is money management i.e. if 'recommended' money management dictates that you only ever risk 1% or 2% of your capital on any single trade then that's the rule i.e. it does not vary according to which system you're comfortable with.

Sorry I can't be more specific (you really don't want to try my money management rules i.e. my money management rules have a tendency to add years onto a persons life)!!!

[dpaterso]

Hey dundee, (admit that you only added 'Children Of Bodom' AFTER you posted your original post - I only saw it now).

Anyway - I had not heard of them but I just listened to some samples.

'Fu*k me' - now that's what I call 'heavy' man!!! What did I tell you guys about that 'hard Finnish edge'???

Anyway - I'll probably buy it (the last album which I think is 'Are You Dead Yet' (2005)). Thanks.

Akram, are you still alive???

What did you do when the Dow, S&P, and Nasdaq 'threw their little tantrum' and went down for bit??? Did you get out in time to save some pips??? What did you do??? Me - I'm back in again - long.

[pip huntter]

Originally Posted by dr_zeus

Thanks for the reply Akram, easy enough. Dale, I'd hate for the forum admins to shut us down for discussing non-forex trading, but I'd love to read more about the trends and behaviors of the indices. Do you have any recommended reading or links you can send our way?

Hello Dr. Zeus,

It was my pleasure helping u my friend.so what do u think about this bullet prove system??!!!


Akram

[pip huntter]

Dale,

ofcourse i through the tawel and left!!!

That wasn't wise to do such a thing .

so u guys want to go to finland for meeting??


Akram

[dpaterso]

Listen here 'buddy 'ol pal':

I am assuming that you meant that you 'threw in the towel'??? Which I also assume means that you lost your profits???

I hate to be the one to tell you this but you had better start getting used to 'not throwing in the towel' and taking a loss and starting over again otherwise you WILL land up in the 'sh*t' very quickly!!!

[timbaboy]

Originally Posted by dpaterso

Hey dundee, (admit that you only added 'Children Of Bodom' AFTER you posted your original post - I only saw it now).

Anyway - I had not heard of them but I just listened to some samples.

'Fu*k me' - now that's what I call 'heavy' man!!! What did I tell you guys about that 'hard Finnish edge'???

Anyway - I'll probably buy it (the last album which I think is 'Are You Dead Yet' (2005)). Thanks.

Akram, are you still alive???

What did you do when the Dow, S&P, and Nasdaq 'threw their little tantrum' and went down for bit??? Did you get out in time to save some pips??? What did you do??? Me - I'm back in again - long.

Dale,

I thought there will be a reversal there and went short in all these positions you have mentioned above -> as the result I Lost, did I read something wrong there or is just one of those 'sh*t happens'?

Regards,
-t-

[dpaterso]

Hey timbaboy,

Nope - you read nothing wrong - that does 'just happen'.

The way I 'played' it was that I took profit when the price closed below the 50 EMA and did not enter until it closed above the 50 EMA again (not for any good reason - just my 'intuition' - which seems to be improving HOURLY)!!! Also - I was watching the Nasdaq - and that did not 'free fall' for that little period of time so I was quite confident that it was something else that had happened with the Dow and S&P and it was not a 'selloff' across the board. Give's you confidence. Remember (here is a bit of traders 'slang'): 'The Naz Leads' ('The Nasdaq Leads'). Also - the Dow, S&P, and Nasdaq follow each other 99% of the time so if there is a big selloff coming they ALL go down at the same time. Another 'point to ponder'.

By the way timbaboy: it's happening again (while I'm editing this message) i.e. the Dow and S&P are 'throwing their little tantrum again' but the Nasdaq is steady. Let's see what happens.

Anyway - as I sit here watching my balance grow (that sounds like a nursery rhyme) - I've got Lacuna Coil playing live at the Download Festival this year in June at Donington Park in the UK. Man of man - Cristina puts every thing she has into her performance - and I mean E-V-E-R-Y-T-H-I-NG!!! You can see she REALLY just loves what she does. Man - that's a beautiful thing to see.

Now - while I was 'dumping' on Akram - I just thought that I'd like to make a point here:

Just because me and some of my 'buddies' joke around here about music and woman and the like does not mean that this business is something to be taken lightly. I can tell you one thing for sure: if you don't take it seriously you will not only fail but your failure may cost you a whole lot of things and not limited to money either - things that you cannot even imagine right now because you will not be able to make the connection until your 'down'!!!

All I'm saying is that if there is anyone watching this thread and is new to trading and thinks it's a 'walk in the park' because I (we - some of us) SEEM to take it lightly - I (we) don't. It's just nice to be able to communicate with other like minded people who are trying to achieve success in this business on a personal level and sometimes that involves sharing things other than trading plans or thoughts or ideas.

I have no idea why I'm telling you this but I just thought it should be said.

[pip huntter]

yes u r right i agree i am not upset at all it is a demo this is day 1 for me!!

and i am so happy that at some point it was showing 1000 usd!!! so that means what? it was my problem that i didn't get out of the market before it reverse.i know u r that sort of a guy who wants to be there till the end (till it reverse) but i am trying to apply something new here which is hit and run away. which i started to do in forex and it is working with me.


Akram