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01-01-2007, 01:20 AM
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Parabolic SAR is a leading indicator?
P-SAR is a leading indicator correct? Any thoughts on its efficiancy? I notice that it gives alot of the same signals that Brain Trend, Trend Manager, BBhisto, and EMA cross (2,10) give. Does anyone use this indicator (P-SAR) as a mechanical trading system for when a currency pair is trending?
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The advanced trader knows and understands that the perfect trading strategy is one that makes pips, not miracles. Build a fortune, 15 pips at a time.//"To be a successful trader you must keep your cool at all times and take money from aroused amateurs." (Dr. Alexander Elder, Come Into My Trading Room)//Fortune favors the bold, but the markets favor the disciplined.     
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01-01-2007, 01:35 AM
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Good point. But I would say that P-SAR is more 'leading' than other indicators though no? While we dont know where the price is going, we do know without a doubt that the price moves in waves, that is self evident. We dont know whether this particular wave, either up or down, will be strong or not but we know it is coming. P-SAR uses probability to its advantage in this sense I think. It starts out with a 50/50 chance of predicting a new trend, and then I'd say it gets an extra 10% because it chases the price, faster and faster and catches it right when the momentum is winding down, and this is often where a new trend begins. Or am I just BSing here? Id say give it another 10% if you only take trades when the time frames are in alignment. So if you use a 1 hour chart you would only take trades with rising momentum on the 4 hour and 1 day.
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The advanced trader knows and understands that the perfect trading strategy is one that makes pips, not miracles. Build a fortune, 15 pips at a time.//"To be a successful trader you must keep your cool at all times and take money from aroused amateurs." (Dr. Alexander Elder, Come Into My Trading Room)//Fortune favors the bold, but the markets favor the disciplined. Last edited by Cyclesurfer; 01-01-2007 at 01:51 AM.
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01-01-2007, 01:52 AM
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yes lets LOL.
__________________
The advanced trader knows and understands that the perfect trading strategy is one that makes pips, not miracles. Build a fortune, 15 pips at a time.//"To be a successful trader you must keep your cool at all times and take money from aroused amateurs." (Dr. Alexander Elder, Come Into My Trading Room)//Fortune favors the bold, but the markets favor the disciplined.
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01-01-2007, 02:45 PM
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Divergence doesn't lead price.. but occurs at least at the same time.. ;-)
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Metatrader 4 - EA Live and Demo Hosting Solutions http://www.omegasupreme.com
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05-25-2008, 04:13 PM
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Divergence is derived from price action....... and price action has already occurred......
Therefore divergence also lags.. and. as mentioned previously. does not always work.
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