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Shakesfx GBP/ JPY Parabolic SAR. Nothing more, nothing less

  • #41
  • Edited 3:43pm Jan 2, 2009 2:54pm | Edited 3:43pm
These charts show where I would have entered new positions using the 4hr. The GBP/USD lined up today, and although I do not trade that pair I want to see the result of this system. The Weekly reversed, the daily and 4hr lined up...I placed a market order to SELL at 1.4499. The weekly PSAR signal completes on a Friday and normally the trade would be placed on Sunday evening GMT, but as I will be away for a few days I have already entered and posting the trades now.
The EUR/JPY has shown a reversal Weekly PSAR, daily and 4hr are now in alignment. A market order BUY at 127.66 was placed late today. Same as before, I will be unable to enter the market on Sunday evening which is why I will be holding these positions through the weekend.
Of course, due to low volume over the last few days this is not the ideal time to trade, in fact I strongly advise against it...but let’s see if the 4hr strategy works in an unsettled market over the next week....
Happy Trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10.gbpusd 1hr sell.gif Size: 21 KB
Click to Enlarge Name: 11.eur-jpy 1hr buy127.66.gif Size: 14 KB
Click to Enlarge Name: 12.eur-jpy 1hr 127.66.gif Size: 19 KB
  • #42
  • Jan 2, 2009 3:05pm Jan 2, 2009 3:05pm
Quoting fontu
Welcome back shakesfx.
here is the chart you asked
Interesting chart fontu, Cheers. Unfortunately the chart wouldnt expand when clicked on, so its difficult to see whats going on. Any chance of reposting with an explaination of whats going on please? Cheers bro....
  • #43
  • Jan 2, 2009 3:32pm Jan 2, 2009 3:32pm
Hi guys,
Thanks for your excellent system.
Sorry to seem dumb, but I don't know how to load the 1 week MTF SARS!!! Daily is 1440, but how many hours are to be used for the weekly ????
Thanks for your help
Alain
  • #44
  • Jan 2, 2009 3:41pm Jan 2, 2009 3:41pm
Quoting alain1
Hi guys,
Thanks for your excellent system.
Sorry to seem dumb, but I don't know how to load the 1 week MTF SARS!!! Daily is 1440, but how many hours are to be used for the weekly ????
Thanks for your help
Alain
1 hr = 60
4 hr = 60 x 4 = 240
Daily= 60 x 24 hrs = 1440
Weekly= 1440 x 7days= 10080

Hope this helps
  • #45
  • Jan 2, 2009 4:13pm Jan 2, 2009 4:13pm
Thanks a lot shakesfx, I should have thought so...!!!
  • #46
  • Jan 2, 2009 4:31pm Jan 2, 2009 4:31pm
Shakesfx,

Thank you for sharing your strategy.

The first group of the MTF PSAR dots might repaint for some time until the end of the currently week. You have assumed wrongly on your daily charts that the dots are there from the beginning!
Again thank you.

alfa99
  • #47
  • Jan 2, 2009 4:36pm Jan 2, 2009 4:36pm
Quoting shakesfx
These charts show where I would have entered new positions using the 4hr. The GBP/USD lined up today, and although I do not trade that pair I want to see the result of this system. The Weekly reversed, the daily and 4hr lined up...I placed a market order to SELL at 1.4499. The weekly PSAR signal completes on a Friday and normally the trade would be placed on Sunday evening GMT, but as I will be away for a few days I have already entered and posting the trades now.
[font=Calibri][size=3]The EUR/JPY has shown a...
Hi shakesfx,

in these trades, what is your stop loss strategy? In the earlier posted examples the 200 pip SL doesn't seem too be enough... (GBPJPY H1, +540 pips)
  • #48
  • Jan 2, 2009 4:41pm Jan 2, 2009 4:41pm
Quoting alfa99
Shakesfx,

Thank you for sharing your strategy.

The first group of the MTF PSAR dots might repaint for some time until the end of the currently week. You have assumed wrongly on your daily charts that the dots are there from the beginning!
Again thank you.

alfa99
Which is why I state to wait until the close of the 1st DAILY or WEEKLY REVERSE SAR.
  • #49
  • Jan 2, 2009 4:44pm Jan 2, 2009 4:44pm
Alfa99...

Quoting shakesfx
I havent placed the arrows very well using Paint...the trades would be taken at the end of the first row of reversal sar dots.
Cheers
  • #50
  • Jan 2, 2009 4:49pm Jan 2, 2009 4:49pm
Quoting uafx
Hi shakesfx,

in these trades, what is your stop loss strategy? In the earlier posted examples the 200 pip SL doesn't seem too be enough... (GBPJPY H1, +540 pips)
My personal SL is around the Daily SAR. This is quite wide at the moment, but for the 4 hourly entry I wish to leave enough room to conteract the whipsaw we will see over the next few days as the market volume steps back in.
  • #51
  • Jan 2, 2009 4:59pm Jan 2, 2009 4:59pm
Quoting shakesfx
My personal SL is around the Daily SAR. This is quite wide at the moment, but for the 4 hourly entry I wish to leave enough room to conteract the whipsaw we will see over the next few days as the market volume steps back in.
Thank you, I will surely try it...
  • #52
  • Jan 2, 2009 5:00pm Jan 2, 2009 5:00pm
Thank you Shakesfx.

alfa99

Quoting shakesfx
Alfa99...
  • #53
  • Edited 6:53pm Jan 2, 2009 5:15pm | Edited 6:53pm
Quoting shakesfx
Hello everyone and thanks for your input with this system. Sorry it’s been a while since I have posted. (We had a few problems out here.)

Mister boy,
[font=Calibri][size=3]Thanks for the RSI info. I do not wish to use any other indictors except PSAR. I believe historically that this is consistently profitable without reference to RSI, MACD etc. It’s just the way I think, and should not put anyone off from using other indictors. I truly believe most indictors are worthless....

Hi Shakesfx, I have put together some of my thoughts about how to enter a trade when signals are given. I am pretty sure that not everyone will like the ideal but I hope my approach maybe worth discussing. I am hoping to be able to achieve less losses with this approach. So please look at the word document it explains how I would approach a trade. Also, I am attaching an excel spreadsheet that shows how I would calculate my money managment. If anyone has any questions please ask. I hope I have explained it good enough for you to follow but I may be wrong so please ask if it is not clear.

Thanks,
Zseventy1
Attached File(s)
File Type: doc PARABOLIC SYSTEM.doc   140 KB | 1,162 downloads
  • #54
  • Jan 2, 2009 5:21pm Jan 2, 2009 5:21pm
Here is my money managment spreadsheet that I use to determine what my lot size would need to be
Attached File(s)
File Type: xls PARABOLIC SYSTEM MONEY MANAGMENT.xls   22 KB | 911 downloads
  • #55
  • Jan 2, 2009 10:25pm Jan 2, 2009 10:25pm
Someone probably should test it on other majors as well. Maybe it will help reducing some of those big ass drawdowns by offsetting them with gains from other pairs..
  • #56
  • Jan 3, 2009 3:12am Jan 3, 2009 3:12am
Do not know why the previous pic not expand, may be already expanded.
Anyway I am posting new pics
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #57
  • Jan 3, 2009 3:15am Jan 3, 2009 3:15am
continue, still not expanding ?
Attached Image (click to enlarge)
Click to Enlarge Name: gjm3.gif Size: 14 KB
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #58
  • Jan 3, 2009 12:25pm Jan 3, 2009 12:25pm
Quoting misterboy
Someone probably should test it on other majors as well. Maybe it will help reducing some of those big ass drawdowns by offsetting them with gains from other pairs..
The beauty of PSAR is that it works on all pairs. I use it on any pair that catch my fancy, that is when the set up is right.
  • #59
  • Jan 3, 2009 1:41pm Jan 3, 2009 1:41pm
Quoting zseventy1
Hi Shakesfx, I have put together some of my thoughts about how to enter a trade when signals are given. I am pretty sure that not everyone will like the ideal but I hope my approach maybe worth discussing. I am hoping to be able to achieve less losses with this approach. So please look at the word document it explains how I would approach a trade. Also, I am attaching an excel spreadsheet that shows how I would calculate my money managment. If anyone has any questions please ask. I hope I have explained it good enough for you to follow but I may...
Thanks Zseventy for taking the time to post your ideas. As you know MM is extremely important using this system, so all ideas are welcome. I'm still looking at 4hr's entry points with different pairs and will post a couple more examples soon and then I'll look at your MM in more detail.

Fontu, your charts are OK now, I can see what is going on. I think there was a glitch with the FF server recently which is why a few people have been having problems.
  • #60
  • Edited 1:51pm Jan 3, 2009 1:45pm | Edited 1:51pm
Quoting botadufig05
The beauty of PSAR is that it works on all pairs. I use it on any pair that catch my fancy, that is when the set up is right.
NZD/USD Trend change or about to range?

Checking through a few other pairs, heres a very good example of where we would have entered a trade on the 24/12/08.
The NZD/USD showed a reversal weekly SAR, during the second week whilst the second weekly SAR was printing (as we know the first weekly SAR could repaint on the other side...by waiting till the second week we have better confirmation).
We then check the daily and 4hrs SAR’s for a decent entry point during the second week. You can see the Daily and 4hrs are on the right side of the trade on the 24/12/08, and at the 2nd 4hr SAR dot(gain, by waiting till the second 4hr SAR we have better confirmation) we enter the trade and BUY at 0.5767.
Bear in mind that December is notoriously unreliable due to volume levels.
This current trade is at +90 pips, but lets see how it developes over the next week or two for research’s sake.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 22 nzdusd.gif Size: 22 KB
Click to Enlarge Name: 22.5 nzdusd.gif Size: 20 KB
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