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Simple Parabolic


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Simple Parabolic

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  #1 (permalink)
AAlekperov
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Hi.

Here will be my trading journal of trades based on my Simple Parabolic system. It is trend-following system, if there's a trend, there will be trades, no trade - patience. Since there is a trend in markets only 30% of the time, trades are not many, just about 2-3 a day.

“My tastes are simple: I am easily satisfied with the best.”
― Winston S. Churchill

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  #3 (permalink)
 ThatManFromTexas 
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AAlekperov View Post
Hi.

Here will be my trading journal of trades based on my Simple Parabolic system. It is trend-following system, if there's a trend, there will be trades, no trade - patience. Since there is a trend in markets only 30% of the time, trades are not many, just about 2-3 a day.

“My tastes are simple: I am easily satisfied with the best.”
― Winston S. Churchill

Could you explain how you determine if the market is trending or not?

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #4 (permalink)
AAlekperov
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I use combination of three Simple moving averages, if price is above those - trend is up, if price is below those SMA, then - trend is down.

SMA: 13,51,208

Sorry, can not attach images yet, I'm new here.

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AAlekperov
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As far as, I cannot attach images yet and keep my journal as I am used to doing it, I want to share some insights about Parabolic Sar.

Welles.J.Wilder, author of the indicator, recommeded using it only in trending markets. As it comes from its name, Parabolic SAR - Stop and Reverse, it shows quite good entry and exit points.

In my opinion, Parabolic Sar is undervalued and overviewed indicator by traders and rarely seen as a valued instrument for technical analysis nowadays.
There is a trend in each timeframe, so there is a good use of Parablic SAR even in small timeframes. I will show it further with the screenshots of my trades. But if you cannot define trend and use Parabolic SAR in correction phase of market, then chances are good that it will lead you to loss.

I use Parabolic Sar for entry and exits.
Moving Averages and Stochastic for defining trend and correction.

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 Big Mike 
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AAlekperov View Post
Sorry, can not attach images yet

Yes you can. Click on the word screenshot in my post to learn how to do it.

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 ThatManFromTexas 
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AAlekperov View Post
As far as, I cannot attach images yet and keep my journal as I am used to doing it, I want to share some insights about Parabolic Sar.

Welles.J.Wilder, author of the indicator, recommeded using it only in trending markets. As it comes from its name, Parabolic SAR - Stop and Reverse, it shows quite good entry and exit points.

In my opinion, Parabolic Sar is undervalued and overviewed indicator by traders and rarely seen as a valued instrument for technical analysis nowadays.
There is a trend in each timeframe, so there is a good use of Parablic SAR even in small timeframes. I will show it further with the screenshots of my trades. But if you cannot define trend and use Parabolic SAR in correction phase of market, then chances are good that it will lead you to loss.

I use Parabolic Sar for entry and exits.
Moving Averages and Stochastic for defining trend and correction.

@AAlekperov

Hope this helps


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #8 (permalink)
AAlekperov
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March 30, Friday
Crude Oil

April 4, Wednesday
Crude Oil

April 5, Thursday
Euro (6E)

These are just examples, don't think I like cherry-picking.

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 ThatManFromTexas 
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AAlekperov View Post
March 30, Friday
Crude Oil

April 4, Wednesday
Crude Oil

April 5, Thursday
Euro (6E)

These are just examples, don't think I like cherry-picking.

Looks like you figured out the posting images process .....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #10 (permalink)
AAlekperov
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Simple Parabolic system - is not only certain rules of technical analysis, it is my peculiar view of the market.
There are many sets of tools for tehcnical analysis - Fibo, waves, murray, gann and etc. But my position is strict and unequivocal: Market doesn't know about these tools - it doesn't move on waves, not on fibo, and etc. These waves, fibo, murray and etc. - are drawn only after the movement and of course, but in no way before. I am not underestimating the value of these tools of TA - I am just talking about my view of market.

For me, Market consists of only two parts which are - Impulse and Correction. Of course, there are support and resistance levels because of Volume (Both time-price based and price based). They influence the market, and this is a fact. But for the ambiguity of their interpretation, I don't use them in my trading.

Nevertheless, levels are created and influence the movement of derivatives, so it is necessary not to ignore them.

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  #11 (permalink)
AAlekperov
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There are 2 types of levels: static and dynamic. Static levels are obvious and not difficult to find, they are very visual: Highs and lows of - days, weeks, brackets and months. Dynamic levels in my view (or system, doesn't matter, system and view in this thread are interchangeable) are moving averages. Any: simple, exponential, etc.
As I prefer simplification, I use only simple moving averages.

208 SMA - Very strong level. Pay attention how many times price is rejected by this level, and it is often turning point for price move.

52 SMA - less important level, but I don't ignore it because of the same reasons for 208 SMA.

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  #12 (permalink)
AAlekperov
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Killer Day!

slow Globex and brilliant RTH
GC (Gold Futures)



Crude Oil


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  #13 (permalink)
AAlekperov
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And one more moving average I employ in my trading is - 13 Sma.

I call this combination Fan of Moving Averages. (looks like alligator of bill williams?). There is reason for using this combination of moving averages certainly. But I am not fan of viewing this as a science and don't want to be too exacting. Periods of moving averages can be any in case they serve you as an indication of direction on higher timeframes.

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  #14 (permalink)
AAlekperov
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I'm done with my trading for today. Will watch only until settlement.

As it is known to most of us that pscyhology is 50 percent of trading, I remembered a saying by one of popular traders, don't remember who was that right now.

"The worst days in trading come after the best ones, so try to make those days less worse".


That's my trading motto for tomorrow.

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  #15 (permalink)
AAlekperov
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Volatile day but no trades though.

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AAlekperov
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Trade of the day!


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  #17 (permalink)
AAlekperov
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Today's trades. No need for words, everything is on the chart


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 sandptrader 
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I agree that Parabolic Sar is a Useful Indicator as i use it in my own Trading System.

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 Itchymoku 
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sandptrader View Post
I agree that Parabolic Sar is a Useful Indicator as i use it in my own Trading System.

Are you using the Parabolic Sar as an entry?

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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 sandptrader 
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Well i use it for Confirmation, and if i do enter the Market on another Indicators Signal other than PSAR and it does not soon appear to Confirm i will look to tighten my Stop.
Also i do use it for Trailing my Stop and it also helps me to stay in a move.
You can see how i have my Charts set up as i use more than one size of the Renko bar chart, but with the same Indicators.

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 lolu 
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sandptrader View Post
Well i use it for Confirmation, and if i do enter the Market on another Indicators Signal other than PSAR and it does not soon appear to Confirm i will look to tighten my Stop.
Also i do use it for Trailing my Stop and it also helps me to stay in a move.
You can see how i have my Charts set up as i use more than one size of the Renko bar chart, but with the same Indicators.

How do you make the Renko bar to have wick(s) ?

Lolu

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 sandptrader 
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lolu View Post
How do you make the Renko bar to have wick(s) ?

Lolu

@ LuLu....i am using the Better Renko now in my charts instead of the standard Renko in Ninjatrader.

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 sandptrader 
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Lulu this is what i am using now, as the bar type is Better Renko.

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 michaelf 
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sandptrader View Post
Lulu this is what i am using now, as the bar type is Better Renko.


Hi @sandptrader

I see in your chart an cyan/magenta dot MA, would it be posible to share what exactly it is?


thank you

michael

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 sandptrader 
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@ lolu...i am very sorry for spelling your name wrong, i did not realize i spelled your name wrong until just now when i look back through this thread.
also you asked earlier in a Post about wicks and i told you i used BetterRenko , but forgot to mention that the other indicator i use is HeikinAshi ,and i believe it is Fat Tails version.
This is why the bars look this way in the chart.

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 sandptrader 
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michaelf View Post
Hi @sandptrader

I see in your chart an cyan/magenta dot MA, would it be posible to share what exactly it is?


thank you

michael

here is the Indicator:

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 tflanner 
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sand p trader-
I am a reading a book that discusses a Parabolic System:

the rules are:
-Use a 18 day DMI and ADX
-Do Not initiate any trades when ADX is downward
-When ADX begins moving upward, enter in the direction of the DMI...only if the Parabolic agrees. If the Parabolic does not agree...what until it does.
-Once a trade is entered use the Parabolic as a stop to exit

I am using a 14 day DMI and ADX. I trade another strategy but I have been observing this trade for a bit,

My goal is to reduce the frequency of my trading to 3 to 4 trades a day...with 2 runners. I would appreciate your or anyone else's thoughts.

thanks

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 Big Mike 
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tflanner View Post
My goal is to reduce the frequency of my trading to 3 to 4 trades a day...with 2 runners. I would appreciate your or anyone else's thoughts.

Start a new thread. This thread is a journal for the user @AAlekperov, even though he isn't active any longer. It's not a general thread.

Short answer: Increase chart size. This is the best "filter" in the world, but the one no one wants to do because they are afraid to trade bigger. My solution is bigger chart, bigger stop, bigger target -- and simply adjust your size, or instrument/product, as necessary to accommodate appropriate risk for your account.

Trying to use indicators to "filter" is a futile thing.

Mike

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tauatrader
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Looks good
I wish I could figure out how to actually post into the journal area etc

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