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09-28-2007, 03:04 AM
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Dale,
Yes, GBP/CHF long is still on the "wait and see list" so it's hold fire for now. 
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09-28-2007, 05:01 AM
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Ok Dale ,
As far as i understand that the oil is not traded 24 hours a day but here i have the most important question the oil is going up and down in price and i still have the same problem when i tried to close the trade it says trade is disabled what is going on??? that is crazy So Dale u mean that our system can be applied with the Dow... and how about the move of them i mean are they moving fast like the forex pairs? like going up and down fast like them??? Regards, Akram
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09-28-2007, 05:26 AM
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Hello,
I don't know why you're having a problem with Oil - at which broker are you trying this??? As far as the Dow is concerned - no - it's NOT like forex pairs which are, like I said previously, 'fickle' in my opinion. The indices trend far more often than forex pairs and they don't have that 'choppy sideways' movement too often. Why don't you open a demo account at Delta - you can have a look there to see what I mean. Otherwise open a demo account at GCI so that you can have a look at the Asian indices - they're the best - it's just that the trading times are awkward (depending on where you live of course). Edit: I have attached some charts so that you can see what I'm talking about. The charts are daily's for the Dow, MSCI Taiwan, and the Nikkei 225 from about March 2007 - September 2007 (to date). I have applied 'our systems indicators' to these charts - have a look see! Regards, Dale. Last edited by dpaterso; 09-28-2007 at 05:40 AM.
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09-28-2007, 07:03 AM
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I subscribe (free) to 'Investor's Daily Edge' and I have attached a copy of today's newsletter (in Adobe .PDF format) for you to have a look at.
The main article is entitled 'It's Time To Think Long Term'. Have a read. Although it is mostly about stocks the writer puts in words (in a way that I cannot) the importance of 'not bailing out early' (my 'summation' of what he is saying). He also has much to say about short-term trading and investing (our 'learned candletick traders' should read this) in a way that make sense to me. Regards, Dale. Last edited by dpaterso; 09-28-2007 at 07:06 AM.
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09-28-2007, 10:32 AM
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"I know it looks REALLY good - and if you were happy to take those PIP's now - then you'd have been OK - but I 'guarantee' that if you are using 'our system' those PIP's will dissapear by the time you're stopped out by Parabolic SAR on the daily."
I agree with you Dale, which is why I moved my stops to at least break even this morning, and locked in profit on some of the pairs. So far this week, I've locked in 3.5% profit, with another 3.5% floating. Maybe it's not as good as pro traders, but for a guy just getting started it's a blast! Heck, my retirement account is only getting ~12% a YEAR. Question on trading indices: are you able to trade on margin like with forex? Does the PSAR system work better or worse? I guess I'll have to open a practice account and try it out.
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09-28-2007, 10:41 AM
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Quote:
Ok as for the oil as i told u the oil market i not 24/5 opened it is 12/5 so when i wanted to excute the order the market was off that is why i can't close it but i closed when the europian market opened with a little loss guess what it is hikking up now!!!! Regards, Akram
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09-28-2007, 10:49 AM
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Hi,
Yes - you trade the Indices etc. etc. on margin - but the margin percentage / leverage is not as high as on forex (50:1 or 100:1 but NOT 200:1). The Indices are more 'stable' (for want of a better adjective) and I find far more 'predictable' i.e. there are always news reports on Bloomberg / CNBC and there are no 'secrets' (like somebody 'dumping gazillions of Euro' and you only find out after the fact) i.e. it is SUPPOSED to be regulated. If you REALLY get serious about it you can 'study' or 'research' information on each underlying company whos shares form part of the index in question (hell - you can even buy the individual shares in a company if you're good at analysing certain markets and the effect that they will have on a company's shares). To me - that's REAL trading (no offense to anyone and I'm not there yet myself anyway i.e. I'm just trading using one or two of Mr Wilders trading systems AND our beloved Parabolic SAR 'system'). I find the indicators work FAR better with these type of instruments. Maybe not as 'exciting' as forex - but I've had MORE than my fair share of excitement in the last couple of months - and besides - there is NOTHING more exciting than making money at the end of the day!!! Regards, Dale.
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09-28-2007, 10:50 AM
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Dr Zeus.
I agree with u it is good what u r doing but i really wonder do u have a vailed entry????? i am waiting for any entries from 3 week i never got any!!! For the indices i am very intrested i think we should open a demo account to get to know how things work out with these stuff!! Dale is like an explorer to us!! thanks Dale please keep the good work. Dale we r friends here but diffenetly IF EVER meet in the Afriacan cup we will never be!!!LOL Regards, Akram
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