Parabolic SAR - that's all!

[wealthpos]

please i,ve just go through your thread since posted and it,s so fantastic.please what is the best time to use this system every day.hope to see a reply soon thnaks

[TheRumpledOne]

Yes, PSAR is pretty profitable.

[dpaterso]

Geez!!!

I promised myself ALSO that I'd NOT post on this thread again but here goes:

First:

'wealthpos':

If you HAVE in fact read this ENTIRE thread then you'd know two things:

a) you're wasting your time and money, and
b) if your are INTENT on wasting your time and money then you'd at very least KNOW when and how to trade Parabolic SAR!!!

Second:

'TheRumpledOne':

Your chart and comment is misleading. That chart is showing the 'perfect Parabolic SAR scenario'. Believe me: THAT happens 'once in a blue moon'!!!

YES: Parabolic SAR WILL MAKE MONEY IN THE LONG RUN THERE IS NO QUESTION!!! The problem IS: 99.999% of the people that are 'getting in to this business' have no concept of the real meaning of the phrase 'THE LONG RUN'!!! Until you've mastered the 'pshychology' of trading you will NOT make money with Parabolic SAR I assure you.

[TheRumpledOne]

Originally Posted by dpaterso

Geez!!!

I promised myself ALSO that I'd NOT post on this thread again but here goes:

First:

'wealthpos':

If you HAVE in fact read this ENTIRE thread then you'd know two things:

a) you're wasting your time and money, and
b) if your are INTENT on wasting your time and money then you'd at very least KNOW when and how to trade Parabolic SAR!!!

Second:

'TheRumpledOne':

Your chart and comment is misleading. That chart is showing the 'perfect Parabolic SAR scenario'. Believe me: THAT happens 'once in a blue moon'!!!

YES: Parabolic SAR WILL MAKE MONEY IN THE LONG RUN THERE IS NO QUESTION!!! The problem IS: 99.999% of the people that are 'getting in to this business' have no concept of the real meaning of the phrase 'THE LONG RUN'!!! Until you've mastered the 'pshychology' of trading you will NOT make money with Parabolic SAR I assure you.

!!noob.jpg


I am using a M5 chart and trading GBPJPY.

There's usually a BLUE MOON at least once a day almost everyday!!

[timidave2005]

Hello sir, i like your system, i've tried it and i works. The only problem that i have is the large stop loss one would have to use.you know, the stop loss ought to be placed at the value of the last parabolic SAR and they are usually TOO LARGE. IT MAKES MONEY MANAGEMENT ALMOST IMPOSSIBLE. PLS, WHAT DO I DO?

[timidave2005]

Hello sir, how do i manage the large stop loss your system requires. It sounds scary to use stop loss up to about 300 or more as the case may be since one would have to place stop loss at the value of the last parabolic SAR, and which is usually too large.

David