Stochastics and MACD Histogram for daytrading?

Discussion in 'Technical Analysis' started by pstallone, Feb 8, 2009.

  1. Nexen

    Nexen

    Oscillators are useless indicators.

    Anyone claiming edge by oscillator usage is showing its true ignorant colors.

    Samples posted are cherry picked based on optimal conditions for the oscillators.

    Nexen
     
    #51     Apr 26, 2009
  2. bone

    bone

    Pstallone:

    Sorry you got diverted up the 'hershey highway' on this thread.

    I use oscillators as part of my daytrading strategy. Some thoughts:

    1. Don't necessarily settle for the charting package defaults. Play around with different settings.

    2. Use multiple timeframes for the same studies. 5, 10, 30, 60 minutes and etc.

    3. Always know the daily and weekly timeframe oscillator action for your market of interest.

    4. When daytrading oscillators, be careful about the amount of time you allow for the positoin to prove itself correct. You need some order flow behind you - don't be the only one in the market convinced that the price is 'overbought' or 'oversold'.

    Good Luck.
     
    #52     Apr 26, 2009
  3. NoDoji

    NoDoji

    Nexen, I'm happy to be an ignorant profitable day trader :D

    Bone, re #4, AMEN!
     
    #53     Apr 26, 2009
  4. Nexen

    Nexen

    It's probably due to something else ND, definitely not the oscillator.

    Nexen
     
    #54     Apr 26, 2009
  5. Tums are you the one who is randomly deleting my threads ?

     
    #55     Jul 12, 2009
  6. You have never been profitable, why would anyone take your advice?
     
    #56     Jul 12, 2009
  7. Another one that has never made a single cent in his life.
     
    #57     Jul 12, 2009