Parabolic SAR - that's all!

[dpaterso]

droesparky:

Very funny!!!

I wouldn't be so sure though!!!

Watch the charts!!!

Regards,

Dale.

[dr_zeus]

Step One: Follow PSARdom method
Step Two: Nothing!
Step Three: Profit!

Over 200 pips / 5% up so far this week using 11 pairs and 12 currencies. I double-downed on my top performers that were still showing strong trends. I did a no-no by entering after the trend had already started, but I didn't want to wait for weeks on end for an entry and miss any profits along the way.

Also, each entry only risks 1% of my NAV per stop loss, but with the number of entries I made, my true leverage is 30 to 1 (3.4% margin). This is of course extremely dangerous, but since I have a large mix of currencies I think my basket is uncorrelated enough to keep them all from dropping.

[dpaterso]

Well done dr_zeus.

I STILL don't have any open positions - our 'new rules' are keeping me 'at bay' - but I'm sure that WHEN I get back in - this time - NO LOSERS!!!

Entering late - in my opinion - is a valid strategy in itself - as long as you get in at the same or better price. As a matter of fact - if you have a good look - MOST times - there is a reversal - then a retractment - and you enter on the retractment - perfectly valid - just requires more 'restraint' - but it solves the problem of having capital 'tied up' for an uncessary amount of time.

Regards,

Dale.

[dpaterso]

If you've EVER questioned the IMPORTANCE of a MACD cross then take a look at these charts!!!

I might not be MAKING money - but I'm sure not LOSING money either - not good enough I know - but at least I'm learning WHEN to NOT be in the market and WHEN TO GET OUT AND STAY OUT!!!

Regards,

Dale.

[ottober8]

Dale
look to the graph of MT4 Interbank
No switch in PSAR....
The result of any system depends a lot by the data provider!
Some EA working with one btoker doesn't work with others. They make me mad!!!

Claudio

[dr_zeus]

Originally Posted by ottober8

Dale
look to the graph of MT4 Interbank
No switch in PSAR....
The result of any system depends a lot by the data provider!
Some EA working with one btoker doesn't work with others. They make me mad!!!

Claudio

This brings up a question I have had before - when using a forex broker, are we getting real forex quotes, or are the prices we see adjusted by the broker? This could explain why different brokers produce slightly different entry signals. In other words, both signals could be valid for entry/exit with the broker that produced them.

[pip huntter]

Hello guys,

Now i think i do have some vailed entry or i will wait till it be confiremd when the day will be done.just wanna tell u about them so that u can check them out

1-USD/CAD long (MACD NOT CORSSED YET BUT THEY R ABOUT)
2-EUR/CAD Long (MAC CROSSED)
3-GBP/JPY long (MACD CROSSED FROM LONG TIME AND BESIDE 0) I THINK THIS ONE IS NOT VAILED
4-Gold short (MACD is crossed)
5-CHF/JPY long (MACD CROSSED LONG TIME AGO AND BESIDE THE 0) I THINK THIS ONE TOO IS A FALSE SIGNALS.


so any thoughts?? any one share this with me are welcomed

Regards,

Akram

[robstyle1980]

Originally Posted by dpaterso

Well done dr_zeus.

I STILL don't have any open positions - our 'new rules' are keeping me 'at bay' - but I'm sure that WHEN I get back in - this time - NO LOSERS!!!

Entering late - in my opinion - is a valid strategy in itself - as long as you get in at the same or better price. As a matter of fact - if you have a good look - MOST times - there is a reversal - then a retractment - and you enter on the retractment - perfectly valid - just requires more 'restraint' - but it solves the problem of having capital 'tied up' for an uncessary amount of time.

Regards,

Dale.

Before I read this whole thread, I got excited and jumped the gun. I looked at all the indicators and decided I would enter late on a couple of trades just to see what could happen... since I'm just using demo accounts on MT4 anyways. I went in late on USDCHF and AUDUSD. Currently AUDUSD is doing really well and showing it will continue that way. USDCHF was doing well but is now showing that it may change directions. This is where I can see holding until the PSAR shows change can be pretty hectic. Since I did get in late... way late... I am losing out on profits. If I got in late, but an earlier "late" spot, I can see where on this run it would've been okay and I still would've made a profit.

Last night, I also jumped on USDCAD and am having those "second-thought" feelings. The whole feelings thing again. But I will wait it out and see. Wait for the PSAR!

While trying to sleep last night, my thoughts were spinning around charts and things... hell, I think I even dreamed about FOREX last night... I was realizing how demo accounts can be so different from live accounts. With a demo account, I am still using a bit of caution on making decisions, but I can still go to bed at night without worry. I can really see how on a live account, one would would want to check the charts every 5 minutes and close out funds the second something appears wrong. This is obviously how people either lose or don't gain enough money doing this. Maybe if I demo this enough, I will train myself to wait and gain patience.

Trust in the PSAR (as long as you get in earlier). The PSAR is my friend. I am a PSARist.

We are The PSARist Consortium.

PROFIT Group - PSAR Research on FOREX International Trading... Man, I'm on a roll with this naming thing.

[dpaterso]

Akram, which broker are you with?

The reason I ask is that I thought you were with Delta - and I'm not seeing the same things you're seeing at all.

USDCAD:

MACD FAR from crossing
Possible PSAR tonight
RSI < 31 BUT turning down
ADX = 53 going up - need to wait for first turn down
Stochastics < 20 also turning down

EURCAD:

MACD NOT crossed and looks like it's turning away and close to zero line
Definitely NO PSAR tonight (unless something 'drastic' happens in the next three or so hours)
RSI = 41 and turning down (me - RSI > 70 or RSI < 30 before trade)
ADX = 26 going up - but between -DI and +DI (me - no trade)
Stochastics just above 20 - no problem

GBPJPY:

WOULD NOT TOUCH WITH A BARGE POLE!!!

MACD crossed AGES ago - normally should not make a difference
RSI = 52 (no trade for me)
ADX = 9 - pair is range bound for sure
Stochastics just below 80 (again - no trade for me - especially not long)

Gold:

MACD not crossed
Everything else 'in position' though

CHFJPY:

Too late in my opinion
Problem with this one is that if you look back at when you actually got the PSAR signal MACD had crossed as well BUT look at where RSI and Stochastics were at the time. I would not have taken the trade BECAUSE of RSI and Stochastics BUT it would have turned some good money up until now had you entered based ONLY on PSAR and MACD BUT let's see how this one 'pans out' when it reached 'PSAR maturity' - I've a feeling that this one if POSSIBLY going to just break even on the daily.
Also - something else I just noticed - ALL of the signals are false in my opinon because of the huge 'gap down' and then the 'gap up' the very next day i.e. this has 'confused' the indicators in my opinion.

I DETAILED what I am now looking for just so that you can see how I am applying our 'new rules'. Like I have said before - I may not be making money - but I'm not losing either - and I REALLY believe in these 'new rules' of ours i.e. I am studying the charts all day every day and applying these 'new rules' to past trades and they MAY keep you out of a lot of trades but the ones that you DO take are going 'big' from what I can see.

Dale.

[robstyle1980]

Originally Posted by dpaterso

USDCAD:

MACD FAR from crossing
Possible PSAR tonight
RSI < 31 BUT turning down
ADX = 53 going up - need to wait for first turn down
Stochastics < 20 also turning down

Here is what I'm showing... to compare with MT4

MACD not too far from crossing, bottom line showing it may go up for a cross.
RSI < 30 and turning down
ADX = 46 and level
Stochs > 20 and heading up at a pretty good grade... ?

added image below to compare...