Technical Indicators

[picker304 10]

New here and love to discuss strategies with traders. Could someone direct me in the right direction for this. Can't seem to find an area to post this info

thanks

[SpecTrade 10]

Hi,

 

All I can give is an advice based on what I do.

 

I don't use any lower windows on my chart for any oscillators. MACD, Stochastics, RSI, CCI, etc, - don't bother too much with these.

 

What I'm looking for is various moving averages (mostly EMA) - but again, I don't use crosses of moving averages. I treat them as floating support/resistance. Then I look for price action (bars or candlesticks) for a setup/trigger. Bollinger Bands are also fine.

 

When you study intraday market from this perspective sooner or later you will "get it".

 

Try various numbers for EMAs, Fibonacci or Gann sequences are good, i.e.: 8,13,21,34,55,89, etc. Choose 1-3 from which price reacts on your chosen market, backtest manually, observe, device your own system/method.

 

But again, that's what I do. every trader has his/her own method.

 

All the Best for 2011.