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How far away do you run your stop-losses ?
Isn't the initial gap is too deep for a stop-loss position.
What sort of signals do you use to get into the market?
Sorry if this is too direct. It's just that I use the Parabolic in almost
the opposite manner - as a trailing profit stop after entry on a range
breakout. I'm very curious about what works 'upside-down' so to speak.
Peter
-----Original Message-----
From: UG [SMTP:ug@xxxxxxxxxxxx]
Sent: Tuesday, October 20, 1998 10:10 PM
To: RealTraders Discussion Group
Subject: Re: GEN: Parabolic
ZBIGNIEW A WOZNICA writes:
> I thought a SAR was a swing point in the opposite direction you are in.
The
> low 2 days ago may or may not be a SAR. Am I correct?
> Z Woznica
I'm not sure I understand your question, but the parabolic SAR is your
stop-loss point. It then switches to the "other side" of the market so
you are always long or short; never flat.
Since I only use it on one side or the other, I simply use it as a
stop-loss; if I'm long, it's below the price. If the market ever
reaches down to it, I get out and wait for an indication other than the
parabolic SAR to get back in. Maybe on the same side of the market as I
was, maybe not.
I hope this answers your question.
--
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