After muddying the brain with every over-complicated indicator known to man and a few dolphins, I have regressed. I've learned that all I need to trade is one moving average and an unorthodox entry and exit method. But you'll notice I said "I"...not "you" in the above sentence. Everyone is different. LizardGizzard
RSI and stochastics are oscillators. Incidentally, there's no particularly good reason to use more than one indicator for the same thing, e.g., MACD/ADX, and RSI/stochastic. It just gives you more to look at and doesn't provide any additional information. --Db
"A Trend Remains Intact Until It Gives a Definite Reversal Signal An up-trend is defined by a series of higher-highs and higher-lows. In order for an up-trend to reverse, prices must have at least one lower high and one lower low (the reverse is true of a downtrend)." (Dow Theory by) Steve B. Achelis "Trade with the TICK not against it. Don't be a hero. Go with the money flow. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat. Trade with the TICK not against it. Don't be a hero. Go with the money flow. Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers." Alan S. Farley Do you know of any "gems" of trading? Feel free to post them here. cpo
When i read your list it somehow reminds me to the book I read many years ago which was written by J.Murphy on TA. As I remember he does exactly cover those points.
Tech tools more or less in order [1]Discretion + bid price with candlecharts. [2]Discretion + moving averages like 20, 50, 200 and smaller ones .. [different colors] [3] Basic math observations over the years.[stocks I trade] [4] Printed chart book [watch list, years of winners,losers]. ------------------------------- Goal [Includes] ''To own a home free and clear and to avoid bank loans in general''- Roy Cahnman - Aardvark Trading
Murray: You might want to visit these threads: http://www.elitetrader.com/vb/showthread.php?s=&threadid=9344; and http://www.elitetrader.com/vb/showthread.php?s=&threadid=9347 With good wishes in your quest for self knowledge. cpo