what indicators do you use?
- Thread starter maximillion
- Start date
I'm sure you are correct in your views. I really didn't know as much as you do about the OP or others.
Of course, there are many more than 7 trades in the market for that period of time. The rough limit would be 6 to 7 times the range shown and the value is a market determined value not a trader skill level determined value. Mostly people doing this would not be experts but would fit into some other professional category, instead.
I do not know what the pro categories are.
Of course, there are many more than 7 trades in the market for that period of time. The rough limit would be 6 to 7 times the range shown and the value is a market determined value not a trader skill level determined value. Mostly people doing this would not be experts but would fit into some other professional category, instead.
I do not know what the pro categories are.
macd histogram I find is pretty usefull.
Price and Volume are the main indicators i follow right now. I have not put S&R yet.
I agree. However, for day trading macd is less helpful.
For intraday trading I use price only; on daily charts I find the 50-day SMA to be of some small value. It seems to be a price magnet.
To quote Vinnie in Goodfellas after they whacked Tommie, "And dat's dat."
To quote Vinnie in Goodfellas after they whacked Tommie, "And dat's dat."
Quote from jnbadger:
I was going to imply something like this, but:
10,000 hours in front of the screen, price/volume analysis, and some automation may get you there.
It's that simple.
Good point but it rare to find a trader even willing to put in 1000 hours (6 months of real-time data) with an individual concept before they are itching to trade and thinking they are a "Trading God".
keepin it simple.
indicators good for certain period. for long shot.
indicators good for certain period. for long shot.
====================Quote from nazzdack:[concerning sma, ema...]
2) You also become a "slave" to the duration of the indicator.
Like what Don Bright {Trading Co} says about them ;
''dont put to much faith in them''
No idea if it helps his daytrading??;
but much price data[hand recorded] helps in some markets.
Volume-depends on the market;
one[1] real estate sale may or may not mean much................................