Trading Indicators » rsi

expert trader give me some tips on trading ?

admin — Thu, 15 Apr 2010 17:34:34 +0000

i have been doing day trading for about a year but i am busy and dont have time to sit and watch the stocks everyday. now i am trying to use another way to make some money and that is to buy a stock and hold it for a few days or a week and make some money from it. i am using MACD, STOCKASTIC, RSI and support level to make a predication when will the stock bounce back for a few days. i tried once and i was able to make 0 on a 00 investing in a week.

what other things i have to look at it to make sure it will bounce back. like at what number should all these three indicator be when i buy a stock.
if u can explain it in detail that would be better. thanks

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, the market is just too random and unless risk is controlled over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

Day trading ETFs?

admin — Sat, 03 Apr 2010 10:32:36 +0000

I’d like to trade options on some some ETFs; QQQQ, DIA, SPY, IWM. I’d like to stay focused on a few stocks and trade when they move. I’d prefer not to trade on news; just the technicals.
I use options so that I do not have to risk that much cash(5K) but willing to take the volatility of options.
What indicators and what confirmations should be used to make 1 day-trade per day? .03 – .06 per trade would be fine trading 40-80 contracts.
I currentl use QuoteTracker software using EMAs and WMAs, MO, TRIX and RSI as indicators.
I just can’t seem to get very successful using my settings.
What have you successfully used? What should I be using and what should I be looking for?

Dan

Trading indicators are best used along with money management and good risk control, using tesnical indicators alone will not enable you to ne a successful trader, the market is just too random

A question about Overbought Indicators?

admin — Thu, 01 Apr 2010 14:24:42 +0000

I have a pretty good understanding of trading Oversold Indicators but have been getting into Overbought trading on the short side recently. My question is from a swing trading (shorter term) stand point. When I am looking at creating a watch list based on overbought conditions (RSI and Stochastics) would it be wise to focus on currently up trending stocks that are overbought, consolidating stocks breaking down, or down trending stocks that have had a recent rally into overbought territory?

I understand there is no Holy Grail or perfect way to trade overbought but really am looking for another opinion or idea. Thanks in advance.

Trading indicators are best used along with money management and good risk control, using tesnical indicators alone will not enable you to ne a successful trader, the market is just too random

What is Best Forex Indicator?

admin — Mon, 29 Mar 2010 12:43:58 +0000

I’ve been trading FOREX in a while, I used various inidcators such as MAs, Stochastic, MACD, RSI, and countless others.
However, none of them really works well for me in most cases.

MAs cross-over is hard to predict. Always fit better after the facts. For example, like MA (9) crosses MA (14) or MA (14) crosses MA (32) , I even tested many other flavors of MAs claimed offer faster and smoothier movements. Of course, if MA (9) didn’t cross MA (14) and failed to your expectation of the movement, MA (3) crossed over MA (9)…

Can you tell me other Forex trading indicators? What is best forex indicator?

Trading indicators are best used along with money management and good risk control, using tesnical indicators alone will not enable you to ne a successful trader, the market is just too random

Adapting indicators for day-trading…….?

admin — Fri, 19 Mar 2010 17:27:03 +0000

Are there any sites for information on adapting stochastics, rsi for day-trading?

Adapting in terms of the parameters used.

The default parameters in most cases give exceptional amounts of whip-saws.

Trading indicators are best used along with money management and good risk control, using tesnical indicators alone will not enable you to ne a successful trader, the market is just too random