TRENDFINDERS- Scanning Board for Charts and Stocks

[buyittradeit]

The Parabolic SAR works well for capturing profits by entering the trade during a trend in a steady market. In other words this is not the SOLE signal to look for. Use your moving averages and your RSI along with pattern. Because it may produce false signals when the price moves sideways, and the trader should expect small losses or small profits. The indicator can also be used used to set stop loss orders or price goals.
Fib lines and vwaps or impulse bars are much like the moving average lines that give us support an resistance.
I use certain time frames for these on intra day. The accumulation/distribution line from the prior day or even weeks high and low are even more important.

The key is to spot the trend BEFORE other indicators send buy signals to other traders or sell signals.