Technicals indicators don't work for day trading?

[stock777]

Exactly how easy would that be to capture the 2 cents that lasts for maybe 1 seconds?

I think calling it easy is at best, an exaggeration. And imo I see many stocks moving SIMULTANEOUSLY with the futures moves, with no lag.

The notion that they buy or sell futures and THEN move to stocks is quaint.

Quote from Don Bright:

Well, hmmm....I was referring to equities traders, since it is so much easier to trade the "lagging" securities vs. the "leading indicator" - See the April issue of Stocks and Commodities column for more details...a big reason is the difference in commissions we pay (you, me, everyone buy My brother, who is a member of the CME)...generally 1 tenth of what we pay is paid by member trading firms.

When floor traders and upstairs emini firms are selling at a decent premium to fair value, and if they can't buy them back quickly, they generally buy a basket of equities or the whole S&P 500....we just want to buy before they do, or sell before they do...makes trading a lot easier.

This is of course, only one of many "tape reading" indicators that need to be followed for proper entry/exits (not just for "daytrading" - but even for pairs, mergers, etc.).

Don

 

[cashmoney69]

The longer the time frame, the more reliable the indicators become.

cm69

 

[ex_broker]

Quote from cashmoney69:

The longer the time frame, the more reliable the indicators become.

cm69

this is not true at all, have you done 30 years of back testing

I have

 

[limitdown]

Quote from jimclark:

It seems to me somtimes technical idicators don't work for daily trades even if you have 1-minute, 5-minute or 25-min time intervals.

I wonder what indicators you guys use for day trades, day trends, etc...

its called:

1) no one has an original thought

2) too many users neutralizes the validity of the indicators, no matter which they are or combination are used..

3) its called, find something new...