It seems to me, the more important question when deciding to enter a trade, is... now that there is a new parabolic dot, is there a 2nd indicator, confirming this?
Please see my attached chart as an example of a bad time to enter, even though a new parabolic dot appeared.
And I really think, you could potentially wait for a couple dots, even if you've had a 2nd confirming indicator, and still get a win. Today was just a bad day to trade. With the big NFP coming out tomorrow. The market just wasn't moving, and for the most part, stayed in a very tight range. So its no wonder if people were getting stopped out, using this system, on a day like today.
Thank God for demo accounts!!!
