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Indicator/Oscillator question? Anyone please? -
02-16-2009, 01:22 PM
Good Morning,
Can you possibly help me out on a problem with my trading that I have.
My trades usually last a couple of days, using;
A one hour chart with Candle Sticks, RSI (14 periods) Stochastics, MACD (12, 15, 29) and Fibonacci.
I always take in mind the long-term (2-4 month) trend line and using then the indicators together so I can spot the trend for the next couple of days.
I have researched theses indicators and use divergence with the RSI and MACD where possible and try to find reversals in the indicators to identify the next move. Along with that I try to find break out points in the trends and bounces at the Fibonacci levels.
However I feel as if I am missing an indicator or a point that I should be using when I trade the S&P 500, FTSE or GBP/USD.
Could you possibly shed some light on the structure of your technical analysis regarding these indicators, other indicators which would accomodate one another, techniques or points that you try to identify before trading please?
I would really appreciate any pointers in the right direction!! Thank you for your time.
Regards,
gangulo
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