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09-25-2007, 06:05 AM
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Hello again,
I LIKE the exotic pairs for the simple reason that the 'payoff' is absolutely HUGE IF the trade goes in your direction (if it doesn't - then you're looking at 'sh1t' BIG TIME)!!! Of course - the MAIN problem - is always the spread e.g. on opening a position this morning on EUR/RON (based NOT on Parabolic SAR but on another trading system that I use on the indices but am trying it on forex pairs) I STARTED with a loss of about $600 JUST TO COVER THE SPREAD!!! They DO pretty much trade the same way as anything else though (with - again - the 'exceptions' being the 'commdolls'). Regards, Dale. 
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09-25-2007, 07:39 AM
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Bocajunior, So you set your stop losses on the value of PSAR on the next lower timeframe than the daily right? I hope I'm understanding you correctly..
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09-25-2007, 09:54 AM
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Yes, that is essentially what I did. However, my next lowest timeframe on Oanda is the 3 hour one, so what I did is move the SL to a few Sar dots away from the curent price to give the trade a bit more room to breathe. Hope this helps.
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09-25-2007, 10:00 AM
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Hey 'Just Joan',
Would you believe - it's on about $900K profit (EUR/NOK) - and - thank goodness for that - I'd would have been too ashamed to admit it if it went against me (especially to you)!!! EUR/CHF is also (finally) going my way ($130). AND - BY THE WAY - FANTASTIC NEWS: Gold, Silver and CFDs on Crude Oil, Shares & Indices in Delta Trading Live!!! Just received from Customer Service!!! Just in time too for those of you who don't have these things to trade AND if - for once - I'm right about Gold and Oil!!! Regards, Dale.
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09-25-2007, 10:05 AM
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By the way - just heard - some of the Gulf oil producers are increasing output because those storms in the Gulf have missed them. Increased output equals lower oil price!!! Yay!!! Do you think THEY are watching the charts (Parabolic SAR) or do you think Parabolic SAR is watching them!!! Like I said before - it's almost 'uncanny' how this indicator seems to 'know' what's happening!!!
Regards, Dale.
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09-25-2007, 10:13 AM
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LOL Dale, Am I that bad?
 Anyway, good to hear it's going your way.Thanks Boca. I decided to lock in my profits a little more today. My stops are way above PSAR values on the daily and the trade still has enough room to breath in my opinion. *maybe I'm just being chicken. It'd be horrible to lose all that profit that I made*
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09-25-2007, 10:35 AM
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Hey 'Just Joan',
I do have SOME shame you know!!! You're not that bad at all - it's just that you sat and watch me break 'the rules' the other day and your 'two out of seven ain't bad' (or something like that) comment made me feel like and idiot ESPECIALLY because the trade almost immediately went against me!!! The best part is: on EUR/CHF - MACD has STILL not crossed would you believe!!! Regards, Dale.
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09-25-2007, 11:14 AM
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Ha - ha - ha!!!
Gold looks like it's trying to take it's last few 'choking gurgling gasps' for breath!!! What a valiant effort!!! Now 'COME TO BUBBA MUTHA F***A!!! YES - I feel THAT strongly about it - Gold OWES me man!!! Oil dropping nicely too!!! Regards, Dale. Last edited by dpaterso; 09-25-2007 at 11:20 AM.
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