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Hi Peter,
I watch the parabolic indicator on my charts and use it as one
of several indicators. I think the reason you don't hear to much about it
is the correct name is Parabolic Stop & Reverse. The original idea was to
keep you in the market at all times and to reverse directions on each signal
change. This is great in a strongly trending market but has to much whipsaw
for most trading. However once a trend has been established it will keep
you in the trade, better than just using a price target and get you out if
the trend has changed.
Good luck and
good trading,
Ray
Raffurty
-----Original Message-----
From: Peter Ryan <pryan@xxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, October 18, 1998 7:53 AM
Subject: GEN: Parabolic
>I have started using Parabolic as a trailing stop in a couple of my
systems.
>I dont see it mentioned very often in books or on lists like this.
>
>Is there some reason it is not popular.
>
>Thanks
>Peter Ryan
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