Active Traders

Originally posted by followtrend
As their name imply, indicators show a possible direction. I found out that MACD works well on an intraday basis. Particularly when a stock tanks MACD indicates when it is ready to rebound. Not a completely safe bet but I would say it is accurate 75% of the time.
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The best indicators I have found for intraday trading are a 1 minute chart overlaid with the Bollinger bands and with a seperate MACD study with Stochastics (Slow and Fast) overlaid on the study below the chart. I have found that when all the above indicators "agree" that something is oversold or overbought and beginning to turn back toward the base trend, there is no better entry point (either long or short).

Works for me.
 
Made some money with INVN. I am not keeping overnight though. I have been doing well with daytrades and am sticking to it for now. Would love to return to swing when the trend is more definitive.
 
It is hard to try and fade the up move right now. I have been buying dips and it is working. I have been using a good fade strategy. I look for below 20 day moving average crosses and buy them if I think the market will bounce.
 
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