TIME TO BUY! Parabolic SAR just flipped the side

[lucas.sev]

JUST SAYIN'

The blob appears at the end of the day, if you followed what blob said at the end of each day you would have serious losses.

[ElectricMucus]

JUST SAYIN'

On this chart alone I count 4 failures.
Two in May one in August and one in October. The October one could could have been profited from with the right exit strategy, but the ones in the bull market and the August one would have been absolutely disastrous independently of strategy.

[dree12]

JUST SAYIN'

On this chart alone I count 4 failures.
Two in May one in August and one in October. The October one could could have been profited from with the right exit strategy, but the ones in the bull market and the August one would have been absolutely disastrous independently of strategy.

4 failures < 9 successes, no?

[Hyena]

ok I understand some dudes desperately want to show that parabolic SAR has its failures and should therefore be dropped as an indicator for any serious trading.

And I agree, pSAR should not be taken as one and only truth. Having it combined with some other indicators is a whole new story though. All in all it seems to me that the bitcoin price is at least having a small break from the much predicted general downtrend.

[ElectricMucus]

JUST SAYIN'

On this chart alone I count 4 failures.
Two in May one in August and one in October. The October one could could have been profited from with the right exit strategy, but the ones in the bull market and the August one would have been absolutely disastrous independently of strategy.

4 failures < 9 successes, no?

I can't argue with that. But it was my own fault it's actually 5 failures.

The point is psar works well with decisive movements and I can't see that right now. The bears have exhausted themselves last week and the bulls aren't confident enough.

[Hyena]

Looks like we have a third dot on parabolic SAR supporting the new trend. I sure did right to buy in at 85. Now gotta spend it fast to lock the profit

[Hyena]

Because this thread got quite a few pSAR haters, I'm making this final post to rest my case . Call me necromancer if you want, I think they are the coolest mage-type character class anyway. However, to speculate a little bit further, would it make sense to sell soon because we've been on a relatively long uptrend for a while now and the pSAR could soon flip again as it normally does?

[vokain]

wow what a cool indicator

Because this thread got quite a few pSAR haters, I'm making this final post to rest my case . Call me necromancer if you want, I think they are the coolest mage-type character class anyway. However, to speculate a little bit further, would it make sense to sell soon because we've been on a relatively long uptrend for a while now and the pSAR could soon flip again as it normally does?

Perhaps? just to risk off for a bit? but i will wait until  the PSAR actually flips

[razibuzouzou]

Interesting metric indeed, the Wikipedia describes it well.
Thumbs up to OP for spotting the reversal

[Kazu]

IMO parabolic sar has good open-position signals, but not very good close-position signals. The closes are always tremendously late. Its better to use something like the AC to filter. When AC and SAR both agree, then trade. When the AC starts indicating the opposite for at least 2 bars (I usually do it on the first bar just to be safe) close position.

Been working fairly OK (at least, by my standards) on the EUR/USD, no idea how it'd look on BTC/USD.

[vokain]

IMO parabolic sar has good open-position signals, but not very good close-position signals. The closes are always tremendously late. Its better to use something like the AC to filter. When AC and SAR both agree, then trade. When the AC starts indicating the opposite for at least 2 bars (I usually do it on the first bar just to be safe) close position.

Been working fairly OK (at least, by my standards) on the EUR/USD, no idea how it'd look on BTC/USD.

how do i use this indicator on bitcoin?

[Kazu]

IMO parabolic sar has good open-position signals, but not very good close-position signals. The closes are always tremendously late. Its better to use something like the AC to filter. When AC and SAR both agree, then trade. When the AC starts indicating the opposite for at least 2 bars (I usually do it on the first bar just to be safe) close position.

Been working fairly OK (at least, by my standards) on the EUR/USD, no idea how it'd look on BTC/USD.

how do i use this indicator on bitcoin?

I really dont know. There should be some way of importing BTC/USD into metatrader, but as far as I know there really isnt.

[vokain]

oh sorry, i didn't read your last sentence of that message haha

[Kazu]

oh sorry, i didn't read your last sentence of that message haha

You could try calculating it out manually if you have too much time.

AO = SMA(median price, 5)-SMA(median price, 34)
AC = AO-SMA(AO, 5)

[vokain]

willpower v  my complacency in ignorance hmmm
I'll just wait til i install an SSD on this laptop so i can run a VM of windows and run sierra chart. i think i can do custom indicators in there

[yayayo]

PSAR also produces many false signals. It is useful for trending markets but not for prolonged periods of sideways movement.

I would never use PSAR as the only indicator.

But I'm not trading Bitcoin at all. Just sayin'.


ya.ya.yo!

[RyNinDaCleM]

You'll know before it flips that it's about to flip. Notice how the candle nearly or just touches the dot before flipping? We are quite a ways away from it right now. We would have to drop $20+ to make it flip.

[Kazu]

When has Bitcoin ever had a sideways market, except on like the hourly chart or something?

[adamstgBit]

When has Bitcoin ever had a sideways market, except on like the hourly chart or something?

it was crazy stable at 5$ for like 3 or 4 months

but that was because pirate40 was keeping prices low, as he sold other people's bitcoins.

[Kazu]

When has Bitcoin ever had a sideways market, except on like the hourly chart or something?

it was crazy stable at 5$ for like 3 or 4 months

but that was because pirate40 was keeping prices low, as he sold other people's bitcoins.

When was that?