Quote:
Originally Posted by dpaterso
This daily thing that I'm banging on about is starting to NOT make sense even to me.
I mean - I just looked at the thirty minute chart of GBP/CAD for example - and compared it to the daily chart. Had you based your entry on Parabolic SAR you would have entered on 12 July at around 2.1236 (long) and today you would have been stopped out at 2.1439 - that's 203 PIP's since 12 July. But - if you entered YESTERDAY morning also based on Parabolic SAR BUT on the thirty minute chart - you would have entered at 2.1675 (short) and you would have been stopped out at around 2.1475 and - give or take one or two 'hiccups' along the way - that's 200 PIP's in TWO days.
Maybe I'm wrong here - with this daily thing. Sorry people - I don't know at this time!
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I think it`s very simple daily Parabolic SAR show you very big movement i mean like 300 400 and when price its going down candle going down too it shows main direction!!! 30 minute price is moving much faster it shows you what`s movement of the price for the past days i mean going down and up and parabolic SAR shows signals let say between 40 to 200 pips that is the main difference it`s better to use 30m chart!!! it provides you much more signals.
Daily main direction of the chart of the past week 30m of the past days
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I`ll very happy if this help you to see what is the difference between this two charts
if i were you i would use 30 minutes chart.because it will give you much more pips. Happy trading
Regards,
Teodosy