Thursday, November 16, 2006
Forex day Trading System - Details on Parabolic Sar
Forex day Trading System - Details on Parabolic Sar
Yesterday we looked at a system which uses Parabolic SAR..Another useful technical indicator...
Generally the indicator is used to place stop..Your charts will calculate the parabolic SAR for you automatically..You need to place the stop on the other side of the parabolic SAR..Once the currency pair starts trending, calculate the parabolic sar. Place a long trade when the parabolic sar is below the price and currency is trending up. The other way around when currency pair is trending down..Easy to learn and use in any forex day trading system.
As you can see we did the same in last system that we went through..Again it is said that Parabolic Sar is more useful in trending market..the stronger the trend the more reliable this indicator is..
Thats all in this session..Visit again to learn more in day trading online..This was kind of shorter session this time..
In the next post, we cover another forex day trading system
Yesterday we looked at a system which uses Parabolic SAR..Another useful technical indicator...
Generally the indicator is used to place stop..Your charts will calculate the parabolic SAR for you automatically..You need to place the stop on the other side of the parabolic SAR..Once the currency pair starts trending, calculate the parabolic sar. Place a long trade when the parabolic sar is below the price and currency is trending up. The other way around when currency pair is trending down..Easy to learn and use in any forex day trading system.
As you can see we did the same in last system that we went through..Again it is said that Parabolic Sar is more useful in trending market..the stronger the trend the more reliable this indicator is..
Thats all in this session..Visit again to learn more in day trading online..This was kind of shorter session this time..
In the next post, we cover another forex day trading system
