Cheers valen.
Parabolic SAR....Another indicator in the technical jargon,that I have studied for years....& ended up dropping most of it.
Never trust a computer generated scan or a single indicator....All give false signals.
There is no substitute for "a good eye".
Scans & indicators are fine,but it is imortant to cultivate one's eye to quickly discern if a chart is magnificent...Average...Bad or...ugly.
It really boils down to 2 ingredients...Prce action & Volume.....These usually tell what the strong hands are doing.....Then..and only then ,one may resort to the numerous indicators for confirmation.
I must add that TA doesn't work well with our speculative bread & butter stocks....Getting to understand their personalities is vital if we are brave enough to play with them.
- Forums
- ASX - Short Term Trading
- short term trading - week starting 25 feb
Cheers valen.Parabolic SAR....Another indicator in the technical...
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne