Silver H4 Chart - What went wrong with this trade (using PSAR)
Nov 14, 2012 at 07:01
756 Tampilan
1 Replies
forex_trader_94526
Anggota Sejak Oct 09, 2012
16 pos
Nov 14, 2012 at 07:01
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.
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.
forex_trader_43716
Anggota Sejak Aug 06, 2011
345 pos
Nov 14, 2012 at 20:37
Psar is great during a trend, but not so good during sideways trading. You show two moving averages on your chart indicating a buy signal. Your Psar indicates a buy signal. The chart is showing a False Break Buy signal. But...if you were to add a momentum oscillator you would most likely see divergence, which suggests this buy signal is a little weak and you should wait for further confirmation. Try Williams Percent Range (WPR), and wait until WPR is above -20 for a buy, or below -80 for a sell. Good luck!
*Penggunaan komersial dan spam tidak akan ditolerir, dan dapat mengakibatkan penonaktifkan akun.
Tip: Memposting gamba /url youtube akan secara otomatis menyematkannya di postingan Anda!
Tip: Ketik tanda @ untuk melengkapi secara otomatis nama pengguna yang ikut serta dalam diskusi ini.
