I've been using Parabolic SAR for a few days now and so far got a decent success. I decided to be adventurous and started trading a 4 Hour Silver chart (yesterday). But the trade went bust.
The PSAR showed a BUY signal and I went long at 32.75 in hopes that the price would move higher.
I'm starting to think that the ideal entry into a trade (during a BUY signal/upward trend) is to open a position at the low rather than at the high. Is this true?
Attached is the silver h4 chart. Any inputs would be greatly appreciated.