For anyone who has used technical trading, what has been the most reliable and profitable technical indicators that you use.
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
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charts that look like this
down down down up up down down up. (thats going up.)
I hope this isnt too simple
also SMA helps…when a stock starts to go above its 50 or 100 day moving average.
RSI which will show the bought and sold levels of stocks. will usually show the correct movement for the next day or over a greater period of time. Bollinger Bands, divergence, MACD, moving averages…those are my favs
Use slow stochastics on yahoo and this should be used with rsi,macd/w%. Please note no indicator will give you 100% perfect buy/sell signals but if you use them consistently then there is only money to be made or put in other words to reduce your losses.
There is no correct answer to your question. Every trading technique has as many indicator based strategies as there are traders trading. If you do not establish and test your specific technical strategy, using different indicators you will not know what suits your trading style.
Let me give you an example; One strategy I use has 15 EMA, 50MA, 100MA & 200MA, Momentum BB, 5,3,2 Stochastic, plus support and resistance. Each give me signals that determine setup, entry, stop loss and exit points on a 5 min currency chart. This combination only works on this one currency, if I change currency, they have to be altered.
If you want to learn a specific trade, based on profiting from market rebounds, take a look at the attached link, it has 5 videos that explain the indicators to use, how to set them up and vary them and then how to trade. This will give you a start, then paper trade to see what happens and how you interpret them.
Take your time to understand the principals and develop your own strategies, then test before you live trade on a demo account.
You must know the support and resistance levels. Buy when it hits or barely breaks support. Then you sell after it goes through resistance and starts back down.
There are many other technical indicators that are factored in to my decisions, but these are key.