Hi Guys,
I am a relative newbie to the forex game, loving every minute of it I might add! Since everyone here seems so lovely and helpful, I was wondering if you guys might take 5 to help me out.
When I started looking at forex last year, I was sucked in by all those 'I will show you how to make thousands a day from forex trading!' You know, all those systems that don't really work!
So, I have started from scratch, and I am reading this forum with delight! I love this place. I am learning how to use the different indicators right now.
Ok, I will get to the point eventually! Sorry!
Can someone please fully explain to me how the parabolic SAR can help determine an entry or exit point in regards to the easy forex system listed in the trading systems thread? I see that that system uses the default setting - .02,.2 Another member then suggested changing the paramaters for better entry and exit positions. The only difference I notice is that the dots are spread differently, but I don't understand how to interpret that.
Look forward to hearing what you guys have to say.
Katie
PS - I am 80 pips in profit today, just using my own version of the Simple Forex System I found here, based on the MA crossover. I forgot that I had registered here way back in Feb!! Until I tried to register here the other day and found my email address was already in use!
I am a relative newbie to the forex game, loving every minute of it I might add! Since everyone here seems so lovely and helpful, I was wondering if you guys might take 5 to help me out.
When I started looking at forex last year, I was sucked in by all those 'I will show you how to make thousands a day from forex trading!' You know, all those systems that don't really work!
So, I have started from scratch, and I am reading this forum with delight! I love this place. I am learning how to use the different indicators right now.
Ok, I will get to the point eventually! Sorry!
Can someone please fully explain to me how the parabolic SAR can help determine an entry or exit point in regards to the easy forex system listed in the trading systems thread? I see that that system uses the default setting - .02,.2 Another member then suggested changing the paramaters for better entry and exit positions. The only difference I notice is that the dots are spread differently, but I don't understand how to interpret that.
Look forward to hearing what you guys have to say.
Katie
PS - I am 80 pips in profit today, just using my own version of the Simple Forex System I found here, based on the MA crossover. I forgot that I had registered here way back in Feb!! Until I tried to register here the other day and found my email address was already in use!