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#1
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Short term and day trade, what indicators work well for you if you use them? And what time frame do you set them for?
I've been using the Moving Average (13, 50, (200 if needed)), MACD, RSI and Slow Stochastics for the most part. Adjusting time frames as I read more about their respective purposes. Obviously, the more indicators saying the same thing, the better. And as long as doesn't contradict the current trend. I'm having a hard time interpretting volume trends when it's not obvious. Long term, if there are higher price peaks but the RSI peaks are progressively lower, that's a sign of trend reversal. Does this work the same with short term trades? Thanks for any help here. |
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#2
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Kind of long to explain. Read this link and let me know if this helps you at all. Everything depends on what type of trader u want to be: daytrader, momentum/swingtrader, longterm investor. 14 day periods is what I use a lot.
http://stockcharts.com/school/doku.p...ngth_index_rsi
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