Thread: Parabolic SAR - that's all!
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Old 09-15-2007, 07:56 PM
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Quote:
Originally Posted by Benjimang View Post
Hey Dale, hope you're well.

I think you missed my point a bit with regards to the use of the RSI oscillator. I don't use it to time my entry INTO the market. I use it as a way of knowing when to stay OUT of the market.

For example, if a new day starts and you have a new valid PSAR dot showing a new downtrend, but your fast RSI (5) is still below 20, I'd stay out and wait for the RSI to get back into the tradeable range.

Also, if you have a new dot appear showing a new downtrend, if your RSI 5 is way over 80, but your RSI 14 is nowhere near overbaught, then that 'new downtrend' is more likely just a short term market correction, not a trend at all.

Know what I mean? Not sure if I was very clear with that.

-Benjimang
Hello benjimang,

can u send us a graf to understand what u want ot say

Dale,

this week wasn't good but i am sure next week will be much better (i hope so)

I hope that u have the right formula now!!

Akram

Thanks
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