Parabolic SAR - that's all!

[dpaterso]

Sorry forexology, we were 'overtyping' each other.

(And you edited your post so I did not see the edit until now but I did respond to your 'original' post above).

OK - well - as far as 'swing trading' is concerned - I stand corrected - and - you are right (see how 'humble' I've become)!!! I was alway under the impression that 'swing trading' was like 'trading the daily swings' but they way that you explain it NOW makes sense to me. Thanks.

I have TRIED using pivot points to trade before (it's detailed in one of my trading books) but I've always 'come a cropper'. The way it is detailed in one of my books is that the price of an instrument will trade between S1 and R1 on daily basis and the S2 adn R2 are supposed to be the 'dead low and the dead high' of the day blah, blah, blah. EVERY time I've tried this 'method' - guess what - the price has 'rocketed' right through to S3 or R3 and beyond ('to infinity and beyond' - every watched 'Buzz Lightyear'?)! On the other hand - I've never thought of using them to 'take profit' - keep coming with more details on this idea.

SOOOOO - you're in Jamaica!!! Man - my mouth is watering already!!! Actually - I KNOW YOU can answer this question: is Captain Morgan REALLY made in Jamaica or is it just some 'bullsh1t' advertising??? I know this happens because we used to have cigarette adverts here depicting the 'wild west' in the USA or the 'jetset people' in the USA AND THE AMERICANS HAVE NEVER EVEN SEEN OR HEARD OF THESE BRANDS - EVER!!!

Regards,

Dale.

[midulster]

Hi Dale and all the regular contributors,

Just a note to say thanks for all your continuing efforts. I'm totally obsessed with following this thread. I check it before I go to work, at lunchtime, when I come home and before I go to bed. I've found it even more gripping than Heroes!

I'm sure there are lots of newbies like me who love this because you're not only sharing great technical knowledge but giving those of us who haven't yet moved off the safety net of demo accounts a glimpse into the emotional rollercoaster that is live trading.

Anyway you had mentioned a summary done by Ingot54 (hope he's OK by the way - I miss his calming view of the world) so here is the permalink.

Parabolic SAR - that's all!

Thanks again boys and girls. We appreciate the good work you are keeping up. A new breed of Hero is emerging.

[dpaterso]

By the way - here is some current info on Gold if you're interested (and have not already subscribed to the free newsletter):

» The Daily Reckoning Australia

It's NOT what I want to see or hear - but - like I said ealier today - 'you either fit in or f*ck off'!!!

On the other hand - 'in Parabolic SAR I trust'!!! (And of course in our 'system')!!!

Regards,

Dale.

[dpaterso]

Hey midulster, thanks for that.

Yes - I'm a bit concerned about Ingot54 as well ALTHOUGH something has been 'bugging me' i.e. I have just 'assumed' all along that Ingot54 was a 'he' - maybe Ingot54 is a 'she' and I've offended her in some way. I'm not trying to be funny here or anything like that but it ocurred to me that nowhere on the thread has Ingot54 'alluded' to his / her gender or real name. Not that it would make any difference at all - I agree that Ingot54 does have a 'calming effect' on what could be a 'mind f**k of a thread' if left to my own devices!!! (Who am I kidding - I'm hoping that Ingot54 is the person holding the bottle of Captain Morgan in the picture that 'she' sent me - I'm there man)!!!

Regards,

Dale.

[robstyle1980]

Hey all

While looking at the charts I have positions on, I noticed something that struck me as another possible indicator at the candlestick level.

A couple days ago, I was reading into another one of James' systems.

Between 40-100 pips per Day

I noticed that usually where the trend changes and where the SAR indicates a change, this IB (inside bar) and OB (outside bar) phenomena happens. At least that is what I'm getting... well maybe not all the time the more I look at it. Anyway, take a look at his system (and I'm not saying we steal into his system) but maybe use that same idea with the IB as another indicator and confirmation of trend changes. Or is this something else all together since you are looking at 30 min or 15 min charts and not daily charts? James does mention that this is a standard technical analysis pattern that is often over looked.

Just a thought.

[Bocajunior]

Dale, everyone,

How's it all going?

Dale, let me assure you that I'm reading most of your daily ramblings and find them most interesting and amusing. And thanks for that link to the Aus daily reckoning, which I've been reading for tha last few days.

Just look at the thread now, It's developing quite a following. Great stuff!

Back soon
Scott

[robstyle1980]

Hey again

Ya know Dale, now that I think about it, there was a woman in one of my classes that was from South Africa. Ashame I don't remember her name... she was in one of my groups for a project even. We were in a program for desert landscaping at the Desert Botanical Gardens if that helps any... o.0

Thought it would be fascinating if the world really was that small, eh?

Rob

[Bocajunior]

Originally Posted by CharlesLioe

may i ask what other indicators you are using? i have oanda too, and somehow i failed using PSAR only mostly coz of my impatience, as soon as i see red numbers my eyes go O_O and i chicken out and close the trade. Trades which are supposed to be working, fails on me coz i wait too long (due to greed?) until i exit.... i have to work on my complete BS attitude being too much of a "greedy chicken"

btw, Dale, i like this thread, your daily rumblings are fun

Charles,

Currently I am only using MACD and PSAR on the daily time frame although I am looking to integrate the other indciators talked about in the thread into the system.

It is important not to chicken out as your positions may turn against you for a while. There was a time when all my first entries were in the red, but you have to be brave and allow the system to run it's course.

As has been suggested here, once the daily PSAR stop loss position guarantees a profit, I switched to the next shortest time frame (3H) and set a Stop loss closer to the current price to effectively lock in most of the profits.

The benefit here is that many pips have been banked, but on the other hand, some tardes that were closed could have run longer for greater profit. When it looks like the trend is going back in the original direction again (looking at the 3H chart), you have the option to get back in again.

Sorry for the waffle. Hope it mostly makes sense.

[pip huntter]

oh my god Dale it was 900 only .Man i thought that it was 9k u sound like u lost a fortune!!!lol

So i agree no vailed entry in any place there is a potiential for the CAD and the USD but i check it when the candel closed and unforytunatly it is not vailed one same like the oil.

It seems we have to wait more time i don't think that today ir tommorow we can have any valied entries any ways let us hope we will have somthing soon other wise i will have to take some risks!!

Akram

[pip huntter]

Dale,

what is the problem if ignot is he or she?????

Any ways I think Ignot is a guy.and it has been a very long time since he send any thing hope he is ok

Regards,

Akram