Ok, guys, guys, guys, (and dolls although they seem to all have given up)!!!
Look: I’ve reached a point where I feel very strongly about something and I can no longer keep quiet about it (and I have put much thought into what I’m about to say here over the past couple of days so this really is not just another one of my ‘whimsical posts’ made ‘on the fly’).
Parabolic SAR is a GREAT indicator on it’s own. This business of ‘throwing everything but the kitchen sink at it’ to make it more reliable is just a waste of valuable time. I’ve been there, done it, tried it, and unless you’re in it for the ‘long haul’ and have sufficient capital to be able to withstand the inevitable whipsaws associated with Parabolic SAR without getting margin called, you’re ‘dead in the water’. Parabolic SAR was designed by a (very successful) commodities trader, Mr J. Welles Wilder Jnr., as you already know, and I see Parabolic SAR performing like a ‘dream come true’ every single day on Soybeans but I don’t see the same performance on the Dow and forex pairs (and I have it open on all of my charts ‘just for old times sake’ I suppose so I do see how it’s performing on different instruments on a daily basis). I really do believe that I have done everything in my power to improve it’s performance with the Dow and forex pairs and, as I type this message to you, I believe that a quote by Mr Wilder himself has become very pertinent to this issue:
[I]‘I know traders who can never seem to hang on and follow a good system because of a compulsive need for action. I know other trader who have a greater need to be right most of the time thatn they have a need for the money they can make’. (from ‘New Concepts In Technical Trading Systems’ by J. Welles Wilder Jnr.)[/I]
This is where I’m at:
I am trading Mr Wilder’s ‘Swing Index System’ exclusively now and never, since the day that I started trading, have I had so many consecutive profitable trades and never since the day that I started trading, have I been showing a nett profit at the end of each and every single trading day as I am able to show now (and have been showing for about the last four weeks). I ‘kinda, sorta’ kept quiet about all this until I was sure that I was on the right track (unlike my very first post on this thread which was posted the moment I saw a huge profit in front of my eyes and just HAD to share without giving a second thought to what MAY happen a few days on)!!!
What I’m saying is this:
If you want to really be trading for a living using a system(s) that was designed by a professional trader that’s not going to cost you any more than a $45 book then buy the book and start making money. It’s that simple.
I must apologize if I have led anybody ‘up the garden path’ with Parabolic SAR and made it out to be something that it’s not but I, like all of you, are learning every day and, I could either continue ‘needing to be right’, or ‘call it’ like it is, which is what I am doing now.
Now if you’re interested in what I’m saying then here is the deal:
Buy the book!!! I am not prepared to assist anyone who has copied the book or acquired it by any other illegal means and has violated any copyright laws. Feel free to buy it from Amazon or from The Delta Society direct (where you will, as a babypips member, be eligible for a $20 discount. I stress, once again, that I do not receive any compensation from them whatsoever in respect of sales of the book and I am not affiliated to them in any way). Study the book until the concepts become second nature to you. Analyse the systems in the book. Work them. You will not be sorry that you did.
Know this though: the systems in the book are complicated to say the least, especially the ‘Swing Index System’, so if you’re not prepared to put in the hours and the ‘slog’ then don’t bother buying the book because you’re wasting your money. These systems are not ‘easy and quick’ shortcuts to making money. They are not ‘just another series of indicators’ to ‘slap’ on your charts and ‘hope for the best’. These systems are based on price action alone not indicators (although his indicators are used for confirmation but that’s the only role they play).
Now as you know (if you’ve read at least the last few pages of this thread) I have ‘coded’ all the systems detailed in the book into my Delta Stock trading platform so that they appear as ‘indicators’ on the platform. This allows me to trade any one of them without having to use Excel or do manual calculations every night and every morning which would obviously be time consuming. My offer to you is this: if you open a live account at Delta Stock, with a minium of $750 (or EUR or GBP), I will GIVE you the ‘coded’ systems and trade them with you. Yes, I am an IB for Delta, and yes, I will make commisisons out of your trades, but then why shouldn’t I? I’ve spent at least the last three months, night and day, ‘coding’ these systems into Delta’s platform and adapting them so that they can be used on any instrument or pair so the way I see it I’m entitled to some compensation for my work no matter how well my trading is going. Bear in mind that this compensation would be paid to me by Delta not by you. They get you as a new client, I get commission on the trades made by you, nothing is coming out of your pocket, and in return you are getting systems that work for nothing. I will also, for a time, furnish you with, by email, my daily entries and trade the ‘Swing Index System’ with you.
You may also ask ‘why Delta’? The main reason being that I have never had anything else but first class service and support from them, I don’t get orders slipped, I don’t get stop hunted, and I don’t have a problem getting my money out them when I want it. There is also the fact that I know the platform ‘inside out’ after all of this so I would be providing ‘first line support’ to you on the platform (which they are aware of).
Having said the above, on the other hand, you don’t need my ‘coded’ systems at all. You can trade the systems at any broker. If you have the knowledge and experience to ‘code’ the systems into your trading platform then feel free to do so. If not then do the calculations manually or use Excel. Either way I can assure you of success.
Now I know that the above is probably going to upset some people as it may be deemed an advertisement and a way for me to make some extra money. Before getting upset though, think about this: are we members of this forum because we have nothing better to do than type messages to each other or are we members of this forum in order that we can share ideas and trading systems with each because we have a common goal in mind and that goal is to make money from trading? Well I know, that although I love the forum and, in particular this thread, and I love all the people that have ‘put up with me’ over the past year, I’m here to make money first and foremost. I have found a system(s) that are consistently profitable and it is this that I am sharing here i.e. no different from anything else I’ve posted along the way. The mere fact that I MAY make some commission out of trades that you do should not be of any consequence. Put it this way: the commission would be being paid on something tangible that I’d be giving you that I’ve worked hard on i.e. it would not be being paid for an idea that I have shared here. Fair enough? On the other hand: so what if I’m making a ‘gazillion dollars’ in commission? If you’re making money ‘hand over foot’ (which you would have to be making if I was making a ‘gazillion dollars’ in commission) then is that not what counts here? I’d call it a ‘win-win’ situation wouldn’t you?
The bottom line is this: we could all hang around here discussing Parabolic SAR ‘ad infinitum’ and not get anywhere. I don’t have that luxury. I am so far behind on payments to creditors because of last years ‘fiasco’ that I now have to stop messing around trying to prove something to myself and I have to make money, daily, and I am now, and, for the first time since I started trading, I am confident that I’ll be able to start settling some debts after a few months, ‘the patience of my creditors willing’ of course!!!
In closing: none of the above means that this thread will be neglected by me (or anyone else for that matter) (I’m also assuming that after this post I’m still welcome here). I just know that there is no point in discussing something that obviously is not working for most people here so why not move on to something that does work. Furthermore: should the above be of interest to everyone then the discussion threads would be opened on babypips. Understand this though: if it becomes apparent that there are scanned copies of the material ‘floating around’ then I’ll either ask for the thread to be shut down or closed and I will definitely ‘gracefully bow out’ from the discussion group (I would obviously continue to support ‘my clients’ in the event of this happening but there would be no more public discussion or mentoring on the system(s) from me in the event of this happening). Strange as this may sound I look at it like this: spending a little bit of money goes toward showing ‘intent’ i.e. you’re serious about this business and are prepared to invest some time, money, and effort to be successful.
Edit:
If this post offends anyone then please let me know and I will delete it.
Administrators: if this post is ‘out of line’ then please also let me know and I will delete it. I would rather remedy the issue by deleting the message than be banned totally from the site (although it did take me a very long time to type and proof read I must tell you)!!!
