Parabolic SAR - that's all!

[Ingot54]

Yes Dale - Mathematicians should never drink and derive!

Seriously mate - I have been reading as much as I can, and simply can not contribute at times - my "day job" is actually permanent night shift Registered Nurse in Australia.

At this moment I should be in my bunk checking the eyelids for pinholes!

However, I wanted you to know that this is currently the MOST READ thread on Babypips - we are making a huge impact.

How do I know? My detective genes have shown me that you have had heaps of views recently on this thread, as well as plenty of folks having a peek at the charts posted.

So keep up the good work - at times it may not feel like it, but the progress is huge here. Just like a ranging market about to break out - the PSAR system is like a coiled spring - the "boinnggg" is just about to happen.

I live just one hour to the north of Brisbane, and we have a great highway connection. I am often in Brissie just for a day out.

My problem just now is finding time to read and post replies. I am certain there are at least 200 lurkers too - if only some of them would toss in some of the stuff they know, and that we HAVE to find out.

Hopefully they will lend us a helping hand as we struggle with some issues here.

Will keep in touch, and be assured that I am following this VERY keenly - and have nothing but respect for every single poster here.

With Best wishes

Ingot.

[pip huntter]

Originally Posted by dpaterso

Hey - listen - I spent the profits that I made on Soybeans yesterday - on a bottle of Captain Morgan tonight - now I'm 'pis*ed' - BUT I STILL 'dutifully' went through the 'Parabolic SAR Watchlist' (Wishlist) now - and - still - no entries!!!

And - TO ADD 'INSULT TO INJURY' - no 'thoughts' or 'replies' or 'input' or 'a simple hello' or anything like that from ANYONE!!! Thanks 'mateys'!!! ('Pirates of the Carribean' and all)!!!

What's with this!!!

Ingot54??? Akram??? (OK - 'droesparky' has been away - apparantely anyway)!!! Benjimang??? 'alan003'??? Hypechic (Joan)??? Actually - 'Joan' - are you / could you be the first woman in our midst??? Like 'Just Joan' - from 'Romancing The Stone'??? You know - Michael Douglas and all???

Now I've 'had it'!!!

Dale.

Dale

too much indicators now!!! i got lost really what r we doing now???

What is the sytem we r trading with??? what shall i look at please can u simplify it more in one thread!!! let us check it again

Sorry mate but i really got totaly lost.


Akram

[Bocajunior]

Morning all,

Great Contributions yet again form everyone.

Akram, I hear what you're saying about what is the latest set up as far as indicators and rules of entry are concerned. I think I need to go back and re-read the last 10 pages or so.

With the trades I've got open right now, they are all still in profit which is fanatastic but as i mentioned earlier I'm thinking of taking some profits off the table.

As for new entries, USD/MXN was a possible but I never took it as i really know nothing about this pair. I will see what happens when my new daily candle appears at 1200 Hong Kong time (30 mins away).

Let me read the thread again and get back.

Great work all.

Rgds
Scott

[dpaterso]

Good (not so good) morning (guess why)!!!

Anyway - thanks Scott - for the post.

I think that it would be appropriate here to make one 'key' point:

Please bear in mind that other than 'pure' Parabolic SAR everything else is still in the design / suggestion / testing / idea phase (not so Ingot54? Do you agree with me?) - in other words - you may take 'pure' Parabolic SAR - the ORIGINAL 'idea' that started this thread - and add to it as many (or as few) of the 'ideas' that have been posted along the way by everyone and see what works and what doesn't.

On the other hand - I'M almost ready to 'stake my claim' or 'take a stand' and give a (my) definitive system - and I'll trade that 'to the letter' - and post the results. I think that at that point (if we are all in agreement) that we should put it all together in an Adobe .pdf file and give it a version number. From that point on any changes that we all feel should / could be made will be added to / changed in the .pdf and another version number assigned - that way we (as well as anybody else new to the thread) will at least know what the 'current' system is and it will certainly make it a lot easier to track any changes from then onwards.

Make sense?

Happy with that?

Oh - sorry Scott - I have traded the USD/MXN pair before - it is EXTREMELY high yield - but has an EXTREMELY wide spread (it's what 'they' call an 'exotic' pair if you did not already know). Back then I seem to remember that it pretty much trades in a wide range most of the time (I remember that I used this range to my advantage by opening a hedged position when the price got to the middle of the range and then TP one way and then the other i.e. I did not use Parabolic SAR).

Regards,

Dale.

[droesparky]

I cant figure out how the MACD is going to help it seems to me the MACD give signal well after the parsar. Same with the stochastic.

ONly thing I found that confirms is the nonlagdot, and sometimes its before and others its after the parsar.

set length to 10 and colorBsrBack to 0, colorbarback set to 0 keeps it from repainting. Of course its a MT4 indicator Dale.

[dpaterso]

Hello droesparky,

I'm not sure I agree with you about MACD and Stochastics.

Put it this way - from all the charts the I'VE looked at - Stochastics definitely leads Parabolic SAR (and it would appear that it leads ALL of the indicators that I've tested here so far BUT it's not an option to trade with Stochastics alone because Stochastics CAN stay at either limit for days on end while the price keeps moving BUT Stochastics is a very definite leading indicator when it comes to a change in the direction of the trend).

MACD on the other hand is confirmation of quite a few things - most importantly - the existence of and / or a change in the direction of the trend.

I'm afraid I have to agree with Ingot54's MACD post.

On the other hand - why don't you post a chart - and let's see why yours is different to mine.

Regards,

Dale.

[dpaterso]

By the way, I've been meaning to post this info here for a while but keep forgetting:

» The Daily Reckoning Australia

I subscribe (free) to their newsletter which I receive via email everyday.

It is most enjoyable reading some of the articles - particularly because of the sometimes 'candid' way that they 'put things'.

Anyway - I read it every day just to get a sort of 'perspective' on things like the Gold price etc. etc. but they cover everything on a daily basis from the price of metals to interest rates etc. etc. and what I find REALLY nice about it is that they don't 'talk down at you' or use these 'fancy financial terms' like everyone else i.e. their articles are 'understandable' and 'readable' to EVERYONE.

They also post articles written by some really 'in the know' people e.g. Dr Marc Faber (yesterday).

I would ignore the advertisements though - you know - those ad's that promise you the 'inside track' and everything - it does not detract from the good info that you receive daily - I suppose they - like everybody else - need some revenue to run the site - hence the ad's.

Regards,

Dale.

[Bocajunior]

Originally Posted by dpaterso

Oh - sorry Scott - I have traded the USD/MXN pair before - it is EXTREMELY high yield - but has an EXTREMELY wide spread (it's what 'they' call an 'exotic' pair if you did not already know). Back then I seem to remember that it pretty much trades in a wide range most of the time (I remember that I used this range to my advantage by opening a hedged position when the price got to the middle of the range and then TP one way and then the other i.e. I did not use Parabolic SAR).

Regards,

Dale.

Thanks for the Info on USD/MXN Dale. I didn't take it in the end. No new positions taken today by my charts, but I still hold 8 open positions just now and everyone is in profit. Lets see how it pans out.

Cheers
Scott

[Bocajunior]

Originally Posted by droesparky

I cant figure out how the MACD is going to help it seems to me the MACD give signal well after the parsar. Same with the stochastic.

droesparky,

I think it depends upon MACD setting, although I'm no expert on this, but dpending upon which broker you use the MACD can look very different.

If you look at the USD/JPY chart attached, the MACD has already crossed and it looks like ParSAR is a day or two away. So in this case, MACD is leading ParSAR.

All thoughts welcome

Cheers

[droesparky]

Maybe Im wrong but I thought it was the MACD crossing the zero line, and not just the lines crossing.

USD/JPY is suffering from weak dollar right now.

If gold keeps going Im gonna pull my gold tooth and sell it