Use the support and resistance price as base, and check the momentum, direction and strength of the trend on the underlying stock.
The chances of the price oscillating within the supp. and resistance is greater if the momentum and strength are not abnormal.
I prefer technical analysis, I prefer to trade with the trend (as long as it is strong and the price is validated by some other analysis), It is what works best for me.
Nothing better than MACD to identify the movement of the trend, use it with some other indicator for strength and always check if the price provided has a good support. I recommend the Vortex indicator, it is great for option traders.
Hello everyone,
I am new here, I have been trading for about a year now and I am trying to become better at what I do. I have been using a few indicators and oscillators (mostly: MACD, Vortex and RSI) , I would like to now which strategies and tools do you people most like to use / had...