Trading naked-no indicators ?

A

aspenboy

Day trading the S+P. Driving myself crazy with these lagging indicators. Helpful at times for momentum divergences it appears. However,do many trade successfully strictly off price and maybe trendlines, prior S/R ,fib retraces,mkt. internals,etc ?... I am doing a good job of making it quite difficult even in trend days.
 
Pick ONE indicator and stick with it. No need for multiple price indicators, they will just confuse the issue.

I like a good sharp CCI zeroline cross as a buy/sell indicator myself.
 
i use nothin', not even volumes; fibo are of some aid and same emas but u get a feel anyways for bounces and tops by drawin' imaginary lines in u head and watchin' da tape.
 
For day trades I use, trend lines and/or trend channels, S/R, and watch volume. Everything else seems to confuse things when I need to be able to make a quick decision.

For swing trades I use a few more indicators and take a little more time because it can be done after hours.
 
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