Monday, October 27, 2008

Parabolic SAR as an Indicator

Parabolic "stop and reverse," or PSAR, is a very useful and accurate indicator during a trending period. Outside of a trend, it is kind of useless. Since we look at getting in before the trend begins, its more of an "after the fact" confirmation but makes a very good exit signal. I will be getting into more technical indicators, their benefits and their pitfalls in the upcoming weeks.

Have a good one,

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