Go Back   BabyPips.com Forex Forum > "The Holy Grails" > Free Forex Trading Systems
Parabolic SAR - that's all! Parabolic SAR - that's all!
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read Chat Room


Free Forex Trading Systems Got the "Holy Grail" system? Want to share it for free and become everyone's hero? This is the place to do it. (No advertisers please!) Also, follow along as our very own Pip Surfer posts daily updates from his Cowabunga System in the Pip My System Forex Blog.

Reply
Page 77 of 226 « First < 27677576 77 787987127177 > Last »
 
LinkBack Thread Tools Display Modes
  #761 (permalink)  
Old 10-02-2007, 08:14 AM
Newbie
  

Join Date: Sep 2007
Location: italy
Posts: 30
Send a message via MSN to capt.findus
Default
me too:

gbp/chf long
eur/gbp short
from yesterday

less than perfect entry points... but let's see what's going on
Reply With Quote
  #762 (permalink)  
Old 10-02-2007, 09:27 AM
Superior Master Contributor and Member
  

Join Date: Sep 2007
Location: Canada
Posts: 505
Send a message via MSN to pip huntter Send a message via Yahoo to pip huntter Send a message via Skype™ to pip huntter
Default
Ok Guys,

how about the opened postions for the EUR/GBP. Rob how things going with u so far on this postion .As for me yesterday was too slow but i gained some pips and today it went faster for gaining some more pips.

Another thing i would like u guys to have a look at which is the OIL it is facinating every thing had been met in our rule i think we shouldn't leave this trade!! just wait till the candel closes and then we can go short!!!

Regards,

Akram
Reply With Quote
  #763 (permalink)  
Old 10-02-2007, 09:38 AM
Superior Master Contributor and Member
  

Join Date: Sep 2007
Location: Canada
Posts: 505
Send a message via MSN to pip huntter Send a message via Yahoo to pip huntter Send a message via Skype™ to pip huntter
Default
Hello again guys,


Here is to share the wishlist i have and all of them are vaile entry i am so happy to have them coz i was about to lose hope!!

1-EUR/GBP That is in the basket already!!!
2-Oil tonigh we can open it if things goes well although i wanna do that now!!!
3-Silver also tonight we can open it

4-USD/CHF Tonight as well

So i just wanted to share it with you guys

Regards,

Akram
Reply With Quote
  #764 (permalink)  
Old 10-02-2007, 09:54 AM
Bocajunior's Avatar
Senior Member
  

Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 284
Default
Evening everyone,

Here's the latest on my positions.

No new PSAR entries to report today. EUR/GBP Short, GBP/CHF Long and XAG/USD Long were taken on Monday.


Open Positions
AUD/JPY Long (SL set on 3H timeframe to lock in profits)
EUR/AUS Short (SL set on 3H timeframe to lock in profits)
EUR/JPY Long (SL set on 3H timeframe to lock in profits)
EUR/CHF Long (SL set on 3H timeframe to lock in profits)
EUR/GBP Short
GBP/USD Long
GBP/CHF Long
NZD/USD Long

All of the above are currently in profit.



Closed Positions
GBP/USD. Closed manually for a loss after Fed rate cut. -50 pips
USD/CAD Short. Stop Loss on reduced time frame for +350 pips
XAG/USD Long. Stop Loss on reduced time frame for +5000 pips
AUD/JPY Long. Stop Loss on reduced time frame for +180 pips
AUD/NZD Short. Stop Loss on reduced time frame for +100 pips
NZD/USD Long. Stop Loss on reduced time frame for +190 pips
XAG/USD Long. Stop Loss on daily PSAR. -5000 pips

The XAG/USD position that I re-opened has had it's top loss hit after a big downward move in silver price today.

Cheers
Reply With Quote
  #765 (permalink)  
Old 10-02-2007, 10:04 AM
Bocajunior's Avatar
Senior Member
  

Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 284
Default
Quote:
Originally Posted by timbaboy View Post

My questions are:
What are the rules for exiting the position?
Except for the moment when everything turns around, it might be too late to pick up the profit.?
Timbaboy,

The rules for exiting the postition are to move your stop loss daily to the value of the latest PSAR dot until that dot reaches a point where you have profit locked in. Once you have done this, you can then switch to the next timeframe down (e.g 4H or 3H) and set a stop loss on the value of these dots.

The advantage of doing this is that you can lock in more profit. The disadvantage is that you can get stopped out earlier, hence miss out on greater profits.

Rgds
Reply With Quote
  #766 (permalink)  
Old 10-02-2007, 10:12 AM
Junior Member
  

Join Date: Aug 2007
Location: Port Harcourt, Nigeria
Posts: 82
Send a message via Yahoo to Hypechic
Default
Both EUR/GBP and GBP/CHF positions are currently showing a profit.
Reply With Quote
  #767 (permalink)  
Old 10-02-2007, 10:13 AM
Newbie
  

Join Date: Sep 2007
Location: italy
Posts: 30
Send a message via MSN to capt.findus
Default
it is just my poor charting site or you can see a change of psar on eur/usd?
Reply With Quote
  #768 (permalink)  
Old 10-02-2007, 10:36 AM
Junior Member
  

Join Date: Aug 2007
Location: Port Harcourt, Nigeria
Posts: 82
Send a message via Yahoo to Hypechic
Default
Quote:
Originally Posted by capt.findus View Post
it is just my poor charting site or you can see a change of psar on eur/usd?
Price has just pierced PSAR on my chart but MACD has not crossed and Stochs is still in the overbought zone although it looks like it could be breaking out pretty soon. However, I'm no longer dealing in 'almost'. I've learnt my lesson I'm going to wait until all the indicators are going in the same direction..
Reply With Quote
  #769 (permalink)  
Old 10-02-2007, 10:55 AM
Bocajunior's Avatar
Senior Member
  

Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 284
Default
Rob, Akram,

Thanks for the info on MT4 platform. I will check out Metaquotes. What broker are you using Akram?

Akram,
Sorry, I can't comment on oil as I dont have it at my broker, but If the indicators are lined up then why not take it eh? Wonder what Dale thinks about this?

Rob,
Was it you that asked about Oanda? I use that platform on demo and think it is great. The charts are not the best but certainly good enough to get by. I like them a lot. I am going to go live with them initially.

Cheers
Scott
Last edited by Bocajunior; 10-02-2007 at 10:59 AM.
Reply With Quote
  #770 (permalink)  
Old 10-02-2007, 11:38 AM
Newbie
  

Join Date: Apr 2007
Posts: 28
Default
Bocajunior,
Thank you for you reply, but I am not very sure I got it, if you could attach some images or something just to show how it is done as an ex. I would really appreciate it, if you don't have time for this , is ok, I then will try to some how figure it out from your previous explanation.

Thanx again,
Best regards,
Reply With Quote
Reply
Page 77 of 226 « First < 27677576 77 787987127177 > Last »



« Previous Thread | Next Thread »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -4. The time now is 11:54 PM.
Content Relevant URLs by vBSEO 3.3.1
"He is foolish to blame the sea who is shipwrecked twice."
Publilius Syrus
Feedback Form