Parabolic SAR - that's all!

[dpaterso]

Hello Rob,

I see what you mean now.

Yes - I would do it - all it means is that your potential loss if the 50 EMA is
hit is slightly more - that's all.

You must just remember that the 50 EMA does not just change direction on a 'whim' so if it's going in a certain direction then there is a reason for it.

Using Parabolic SAR as you indicated to take profit is exactly what I'm saying. Just remember that you would NOT stop and reverse at that point. Yes - again - you will lose out on a trade here - BUT AGAIN - I'd rather make fewer trades with (almost) guaranteed profits - than take EVERY Parabolic SAR trade and end up at break even or a loss.

Regards,

Dale.

[robstyle1980]

okay, i can see how it works on your chart. BUT, notice where you decided to enter... wouldn't you have flipped out as it started to trend down and the candlestick closed below the EMA before it started going back up?

I guess this reverts back to the question i had... how would you know that it would eventually trend back up? You really wouldn't... say you got in that to go long and the thing started going short... wouldn't you have **** your pants? There really isn't any indication that it would've continued long had you been trading that live. Am I making sense?

[robstyle1980]

Okay you pretty much answered my question as I was typing it with you last post. So you can get an idea of the trend by watching the EMA line?

[dpaterso]

As a matter of fact:

I was just looking at some of my 'favourite' pairs i.e. USD/RUB, USD/NOK, USD/RON, EUR/RON, EUR/NOK (you know - the 'exotics' - the 'exotic payers') and funny enough this 'new' method appears to work even better on LOW VOLATILITY pairs. How about that??? This is in complete contrast to the 'norm' of forex trading i.e. usually no volatility - no profit.

Dale.

[robstyle1980]

As I look through the pairs right now, all of them pretty much would be getting in late if you were to enter any of them now. Do you think you would have better chances say after Monday?

[dpaterso]

Sorry Rob - you're right - see attached chart (I did not notice that - all I could see was that HUGE trend in front of my eyes)!!!

By the way - on EUR/RON - that was around 1200 PIP's between 30/08/2007 and 24/09/2007. On this pair - that's MAJOR!!!

Regards,

Dale.

[robstyle1980]

Well, I think I will call it a night. 12:30AM here. I think I will be able to grasp this a bit better with a clearer, more awake head.

You really have something here, Dale. I can't wait to read input from the other folks here. I'm sure there'll be 15,000 posts when I wake up!

Have fun!

[johto]

Originally Posted by dpaterso

Hey johto,

AS PREVIOUSLY STATED: It does not seem to matter which timeframe you use - it APPEARS to still work - just profits (and potential losses of course) are smaller on the shorter timeframes.

By the way - have you listened to the samples from Tarja's new album??? You know she is touring this year too!!!

I heard (read) a funny joke yesterday:

If fish lived on land where would they live?

Finland!!!

(I know - it's terrible - came out of my sons lucky packet)!!!

Regards,

Dale.

Hi Dale. Thanks for the info. Hehe fish living in Finland, the land of thousand lakes I haven't yet listened Tarja's new samples... Btw, about Tarja, i am currently working as IT-support(i'm typing this at work), in the same school Tarja was learning to sing about 10 years ago. Too bad i wasnt here when she was

Its the Kuopion konservatorio part of the Sibelius Academy's Kuopio departmentand Kuopio Music Centre in city Kuopio... lot of dancers, singers and music players. Nice stress free work enviroment, and getting to listen music is a free bonus

[dpaterso]

Sorry Rob - 'overtyping' each other.

What I'm doing is 'scouring' the 4 hour charts at the moment - will take positions if found - then will 'scour' the 1 hour charts - and will take positions if found (f**k I'll even go as low as the thirty minute timeframe for entries). There HAS to be more than one pair our of forty four where the price has JUST closed above or below the 50 EMA on a timeframe!!!

On the other hand - if you JUST used this 'new method' on something like EUR/RON with HUGE lot sizes - you'd only need to trade ONE pair - and I think you'd make more with less 'hassle'.

Actually - I just had another 'brainwave'!!!

Let's say you concentrated on ONE pair but ALL timeframes BUT you traded with 'logical orders' (that's what they're called at Delta). In other words - let's say you got a valid entry point to go long on the daily timeframe - you take the position. Then - on the four hour - you get a valid entry signal to go short - you take the position also - then - on the one hour - you get a valid entry signal to go long - you take the position. Because you're now trading with 'logical orders' your short position taken on the four hour in this case WOULD NOT close the long position that you had taken on the daily timeframe and so on and so forth. In other words - no matter what the pair did - you'd be scoring all the way!!! You're effectively 'hedging' positions against each other doing it this way.

Hey, hey, hey??? What do you think???

Regards,

Dale.

[dpaterso]

Hey johto,

I've been doing IT Support most of my working life (after I finished with Accounting). Any jobs there for me??? I envy you.

Didn't she leave something behind there that you could send me??? Memorabilia??? A used tissue???

(I crack myself up)!!!

I must tell you (sorry non-music lovers but if we JUST trade - we die inside):

I bought 'Dark Passion Play' over the weekend and - although I've 'fought against' liking it because of the Tarja / Tuomas 'fiasco' - I can't anymore - it's absolutely AWESOME (well - the band is - and - for the most part - Anette is alright too - but - Tarja would have 'aced' some of the songs)!!!

There are two songs on the album that - from Tuomas' own mouth (I spend time researching this nonsense would you believe) - are about Tarja and what happened. The one is 'Bye Bye Beautiful' (about and for Tarja) and the other one is 'Master Passion Greed' (about and for Marcello). Man - the lyrics of those two songs give me 'goose bumps' (the lyrics are on the Nightwish website). Put it this way - Tuomas has GOT to do something to get her back. Feelings like that for another human being only come to a select few and then only once in time. Put it this way - if I can't have her - then I'd rather it be him!!!

Regards,

Dale.