Am I the only one......................

T

T-Bone Trader

who is making good profitable daytrades using a pure stoch + macd system?

everyone at my prop firm keeps hassling me for trading advice and it is getting frustrating since i'm fairly new to trading myself

i think this is a fairly easy and common ta system but it doesn't seem like it by the jealousy on my trading floor
 
if I can just rely on TA for trading......I'd love to stick with it. But reality is...i find it difficult to rely on TA only. in fact, i get fooled by TA quite alot. i'd appreciate any advice. thx
 
Quote from forsalenyc:

if I can just rely on TA for trading......I'd love to stick with it. But reality is...i find it difficult to rely on TA only. in fact, i get fooled by TA quite alot. i'd appreciate any advice. thx
More...

By TA, do you mean indicators like Stochastis, RSI, ADX?

If asked I would say I use TA, but not in that sense. I look at charts (a lot) and note things like highs, lows, range/choppiness etc...Never had much luck with indicators. Traded with an older guy and all he used was MACD. Seemed to work for him.
 
Quote from Arnie:

By TA, do you mean indicators like Stochastis, RSI, ADX?

More...

yes..... I use MA, volume, and MACD only at this point. I use them to confirm my entry but not as triggers.
 
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