I'm curious to know how many other short-term intraday index traders only use price action for their entry and exit decision criteria. If you are a short-term index trader, then please participate in this poll.
I have tried using volume for the manner in which I trade in a number of different ways over an extended period of time (years) and have never been able to make it useful for me. It gives me about the same number of false positives as it does false negatives, so to speak. And so, I only use price.
almost everytime ive used a macd "signal" to initiate a trade ive lost money. as soon as the price changes, the indicators change along with it.