Indicators Intraday Trading?

3 favorite indicators for intraday trading?

Candles bouncing off the Bollinger
The MACD crossing
Candle colour change after a series of same candles

Yours?

Thanks. No stochastics?

Im very new to analysis in this depth as im used to fundamentals, i actually only stumbled across MACD yesterday and have to say that its probably the most valuable thing i have come across up to now, i have been checking out data and it seems pretty accurate....

How to stochastics work my friend?

Also on MACD when is it best to act? Off 1 min charts or 2 or 5 etc?

8 - SMA


"If price is above the 8-period moving average, trade from the long side and not from the short side. If price is below the 8-period moving average, trade from the short side and not from the long side."


or use a ladder and dispense with the charts completely -

oldspijk said:

3 favorite indicators for intraday trading?

Click to expand...

1. $Tick
2. bid/ask delta.
This YouTube vid' outlines these two - using a footprint chart (which I don't use).
http://youtu.be/Ov1ImRpGVhk

3. RSI (but any momentum oscillator will do (e.g. CCI or Stochastics).
I like it as it does a pretty good job at showing market highs / lows and helps with the difficult problem of when to take profits and / or exit a trade.
Tim.

1. Price
2. Price
3. Price

I quite like the slow stochastic for its clear peaks and bottoms. I have heard a lot about Jake Bernstein's Stochastic Pop method. Bernstein in his book "The Compleat Day Trader" argues that overbought or oversold markets can stay that way for extended periods.This became the basis for his contrarian method of buying on an overbought signal and selling on an oversold signal. According to him, the goal of the system is to fade the majority of traders who think the market is incapable of moving any higher after the stochastic oscillator reaches an overbought level, or vice versa. The original stochastic pop day-trade setup used a 14-period slow stochastic. He claims it has a high success rate and is ideal for high volatility intraday trading. Has anyone tried using it? What is the success rate like? The basic premise seems to be sound- taking a trade in the direction of the prevalent trend.

1. s&r
2. 20 ema
3. price patterns

There is no single indicators which meet all the requirements at the different scenario ( trending, non trending etc.) of the market. therefore it is difficult to say the best three indicators for day trading. However whatever indicator you are using always pay attention to the volume.

For example using RSI always incorporate volume analysis with it which will further guide you about the market sentiments and further indicates the strength of the indicator.

Always use indicator which you are comfortable with or have experience.

Novice traders should avoid day trading till they have good knowledge.

Can refer to Tutorial on Stochastic Indicator for more info.

For ESD
ES 500-900 Tick Chart
Cumulative Delta
Price Action Swing (showing swing sizes)

trende said:

However whatever indicator you are using always pay attention to the volume.

Click to expand...

I am trading the VIX. What should I do? Forget about ndicators

trende said:

However whatever indicator you are using always pay attention to the volume.

Click to expand...

I am trading the VIX. What should I do? Forget about indicators

RSI
Moving Averages
Squeeze/Momentum