Vote for a technical indicator, for daytrading

Discussion in 'Technical Analysis' started by thesharpone, Feb 15, 2008.

what indicator do you prefer for day trading

  1. RSI

    9 vote(s)
    27.3%
  2. MACD

    15 vote(s)
    45.5%
  3. ADX

    7 vote(s)
    21.2%
  4. Ultimate Oscillator

    2 vote(s)
    6.1%
  1. syspool

    syspool

    None of these, only combinations and a good eye

    Trade with 2 WMA - weighted moving averages or perhaps EMA

    Directional warning with Stoch and CCI and MACD

    Example: Forex pairs with 180 min. WMA 10 and WMA 30, Stoch 21,21,3 and CCI 30,18 and MACD 18,39,13

    Reading these properly (lots of paper trades as exercise), looking at charts once a day, trading a pair every 3 to 5 days brings about 300 to 700 pips a month - easy and safe money.

    Happy trading, Felix
     
    #11     Feb 15, 2008
  2. AAA30

    AAA30

    I put macd but only for how it is constructed compared to others. Don't use any on the list just price and a few moving averages.
     
    #12     Feb 15, 2008
  3. RhinoGG

    RhinoGG Guest

    A 1 period Moving Average is the shiznit
     
    #13     Feb 15, 2008
  4. like optioncoach has it, if a gun was put to your head

    don't come up with something silly like i would pull my gun out too

    obviously you didn't have to answer if you didn't want to, so don't forget that, none was not an option

    i am thankful of everyone who responds, but someone acting like a smart ass is just silly
     
    #14     Feb 15, 2008
  5. ammo

    ammo

    you left out trendlines which is the most useful of the bunch
     
    #15     Feb 15, 2008
  6. You think the none choices were acting like smart asses then you are truly missing the point they were trying to make.
     
    #16     Feb 15, 2008
  7. It's a form of deafness common to beginners. :)

    LC
     
    #17     Feb 15, 2008
  8. Lucrum

    Lucrum

    Dito
     
    #18     Feb 15, 2008
  9. I vote volume...
     
    #19     Feb 15, 2008
  10. Can a price trader please explain how you trade on price without looking at anything else, not even support or resistance or any other patterns?

    Do you just watch a stock tick up for a while, and then when it stops ticking up, you short it? Or if you see a stock that's been flat start to move in one direction, you enter in the same direction?
     
    #20     Feb 15, 2008