Booker66 4hr strategy

Quoting booker66

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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 ..

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Quoting jcorp

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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

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Quoting Ezzy

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

Many thanks in advance.

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Quoting Qqe

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

http://i42.tinypic.com/ojlfvd.gif

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Quoting booker66

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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 .

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Quoting booker66

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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 ?

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Quoting Qqe

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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.

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Quoting booker66

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

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