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  #931 (permalink)  
Old 10-05-2007, 11:10 AM
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Patience my friend!!!

You've got to remember something - with a MAJOR economic data (news) release like this - all those people that were 'trading the news' now have to take profit (and believe you me it's not just 'the little guys' like you and me that do this) - so - everything reverses for a while (and believe you me I'm hoping more than you that I'm right and that this is actually the case).

Put it this way - there is no conceivable reason for things to remain this way i.e. the news was great for the USD and the USA - and that's really good for everyone let's face it - so - let's just hold on for a while. I know it's hard - but trust your Parabolic SAR stops AND DON'T MOVE THEM. You may be 'unlucky' once or twice but I can assure you that in the long term you won't get stopped out by Parabolic SAR for nothing. Remember one other thing - WE are supposed to be trading long term for bigger overall profits - the moves you're seeing now I reckon are the 'short term quick buck traders' taking profit (I think and hope).

Let me put it this way - if there is anybody out there who has some other input on this and / or would like to tell me that I'm talking nonsense - then please feel free - ME AND MY FRIENDS NEED HELP (as he 'totally loses it')!!!

Regards,

Dale.

Yes patience is the key i agree with u but u know what happened now is that the price went back as if no news had been relieased!!


Any ways hope that what u r saying is right (i beleive in it).i think if what u r saying is right we should see some moving back again to our faviour TODAY.


Akram
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  #932 (permalink)  
Old 10-05-2007, 11:14 AM
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Hang in there guys. Let's not panic too soon.
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  #933 (permalink)  
Old 10-05-2007, 11:15 AM
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You could at LEAST have said that with just a little more 'conviction' for crying out loud!!!
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  #934 (permalink)  
Old 10-05-2007, 11:20 AM
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Looks like I had better go and get good 'ol Kenny Rogers and the Cantrall Sisters out of the basement to listen to tonight!!!

Regards,

Dale.
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  #935 (permalink)  
Old 10-05-2007, 11:26 AM
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You now - I'm going to be REALLY 'pis**d' if I get stopped out on Gold this afternoon!!! I was SO happy that I broke EVERY SINGLE ONE OF OUR RULES and went long USD/ZAR throwing all caution to the wind!!! You know - Gold is SUPPOSED to drop - the USD is SUPPOSED to go up - and therefore my beloved ZAR is SUPPOSED to pay me out BIG TIME!!! That's the theory!!!

Oh well - how's THAT for coeincidence - as I'm typing this message my cell phone alert is going off to tell me that I've just been stopped out on USD/ZAR!!!

Regards,

Dale.
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  #936 (permalink)  
Old 10-05-2007, 11:37 AM
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OK - well - I could be wrong - but it looks like here comes Gold, Silver, and Oil!!!

Dale.
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  #937 (permalink)  
Old 10-05-2007, 11:40 AM
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Tell me AGAIN that Gold, Silver, and Oil are not 'manipulated'!!!

Dale.
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  #938 (permalink)  
Old 10-05-2007, 11:49 AM
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Tell me AGAIN that Gold, Silver, and Oil are not 'manipulated'!!!

Dale.

that is very strange they r going down all of them hmm don't know what is going on but i guess it is good for all of us!!!

Regards,

Akram
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  #939 (permalink)  
Old 10-05-2007, 12:02 PM
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Man I could kick myself.

I was up 12% at one point last week, then I took a bunch of trades on the news (as if I know more than the market, ha!) and those went sour on me. In my panic, I closed out a bunch of positions to "stem the loss the blood" and ended up at 3.5% up for the week.

Now I look at my positions, and if I had kept in the money with the PSAR system they would almost all be in profit right now! I kept a few open and so I'm up 5% since September 25 (which is still awesome, considering mutual fund returns and the S&P500), but I'm sure it would be closer to 8% if I had kept in the trades.

Would someone mind reposting the new rules for the "PSAR - that's all!" system again? I've been confirming the dot with MACD crossings, stochs, and a 5/10/25/50 EMA overlay on price. Does anyone have any additional rules?

Also, I am very impatient and hate waiting for a 2-3 week trend to develop. How about a companion system based on 4H or 1H charts? (3H for Oanda). I'm thinking about identifying the daily trend, then buying dips to the 10d MA.

Just a few thoughts.
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  #940 (permalink)  
Old 10-05-2007, 12:19 PM
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Question re-enter USD?
hm...i am happy i exited earlier with profits...

but seeing as price is back again where it previously was, i am thinking about entering the usd positions again, what do you think guys? like in the usd/chf, the 3H trend channel seems to be holding?
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