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Simple Parabolic


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Simple Parabolic

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  #1 (permalink)
AAlekperov
Tolyatti
 
 
Posts: 13 since Apr 2012
Thanks: 1 given, 6 received

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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Posts: 13 since Apr 2012
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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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  #5 (permalink)
AAlekperov
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Posts: 13 since Apr 2012
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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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  #7 (permalink)
 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
Tolyatti
 
 
Posts: 13 since Apr 2012
Thanks: 1 given, 6 received

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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  #9 (permalink)
 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
Tolyatti
 
 
Posts: 13 since Apr 2012
Thanks: 1 given, 6 received


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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