Parabolic sar vs. Fibonacci expansion !

[wizardalltime]

HI EVERY BODY , this is another comparison of my indicators comparisons .
this comparison between parabolic sar and Fibonacci expansion in targeting on mid and long term positions .

parabolic sar : -

n the field of technical analysis, Parabolic SAR (SAR - stop and reverse) is a method devised by J. Welles Wilder, Jr., to find trends in market prices or securities. It may be used as a trailing stop loss based on prices tending to stay within a parabolic curve during a strong trend.

in my opinion : parabolic in 4 hours frame is good in targeting for mid term but has many default times .

Fibonacci expansion : -

Fibonacci extensions Is an indicator used to identify the third wave of an Elliot wave and at the same time, identify support and resistances.

in my opinion : it has a little amount of times to use it but it`s the perfect on with very low default.

thanks every one ..........

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[Kampre]

You mean your using this for long term trading? I do weekly trading now. Sometimes I don't do any trade if I feel that I don't know the market. Or the indicators don't make a hit. But its better that way than to loss money in forex trading. So far so good.