Booker66 4hr strategy

Quoting booker66

this is the kind of risk /reward trade i like ..

price moved up through 20ema... 5ema cross .. good rr candle not to big..parabolic sar green .. nice pullback to S/R .. THE PERFECT SET UP .

entry 1.0225
risk 22pips
profit target..1.0557(332 pips) would you have the bottle to hold it that long .. probably not .
break even 50% retrace 1.0333... could be a more realistic p/t ..

Attachment 474564

Quoting jcorp

Anyone have a parabolic SAR for MT4 with the third parameter variable. The 2 that I have only allow me to change the first 2, not the .094

Quoting Ezzy

Does anyone have any ideas how to get the Psar indi that has 3 parameters?

Many thanks in advance.

Quoting Qqe

Gold should touch one of the points selected, to go up again. I think 1192 will be the next door,

Quoting booker66

hi,you can use a 2 parameter Psar .. i looked on mt4 platform .. they are
step...0.03
maximum..0.2 ... gives the same result .example below .... hope that helps .

Attachment 475125

Attachment 475126

Quoting booker66

hi,Qqe...nice chart ...i see youre trying out the moving averages and parabolic sar ,, youve pointed out some good ares of s/r ..

i dont trade gold normally .. looked at the 4hr chart not had confirmation yet.. for a short trade . you looking to trade off the s/r and fibb level long ?

Quoting Qqe

Thank you,
I am looking for a long trade actually in the last chart i attached. I am a crazy lover of the trend
As you know support and resistance points are based on fibo levels..no matter which one you use.

Quoting booker66

crazy lover of the trend ....nice but you never know when she can turn on you and kick you out of bed !.