Irshad,
From what I've seen, there's no magic bullet. There are some popular technical indicators like MACD, RSI, Stoch, CCI etc.. or patterns like cup-n-handle, head-n-shoulders etc..or tape reading tricks etc.. But an indicator that works with one stock might not work with another. What works with one stock today might not work tomorrow. What works on a stock today on one timeframe chart might not work on different timeframe chart.
I educated myself (with books, videos, online help from generous posters in this group and others) on these and tried finding good entry/exit points. Didn't help much, but learnt a lot (and still have miles to go). I'd say you are better off knowing that there all these indicators and indicators of indicators and there are millions of lines of code written to trade based on these indicators. Or there are couple thousand traders who'll solely trade on these indicators. Having said that you can be profitable by sometimes going with herd and times going against - that's your edge that you'll have to build on your own.
Sorry to have confused you if I have, just my $0.02
Regards,
-Vic
. The moment you loose a single "D", you are guaranteed instant and rapid evaporation of your trading account. Having said that.... Have it ever occurred to you, why would someone undertake a journey where, if you are lucky, someday, sometime... you would be home?Where i am coming at, while the road is not as rosy as the big predatory education/marketing company paint the picture as "fast-track to millionaire". However, there is so much knowledge that is not exposed to many of us. There are so many indicators, bells & whistle out there, and they are there for a reason. Unfortunately, there is no enough documentation, we have to put lot of effort in the trail and error process. For eg: MACD works better with different parameters (other than 12,26,9) for different time frames. If some folks have already done the research, we can collectively share the information and perhaps, make the journey easier....Best- Irshad
From: Joey Huckabee <joey.huckabee@gmail.com >
Subject: Re: [TheOptionClub.com] Intraday Setup Indicator
To: OptionClub@yahoogroups.com
Date: Wednesday, June 2, 2010, 8:29 PM
Vikas,
You sound like Van Tharp :-)
Joey
On Wed, Jun 2, 2010 at 1:21 AM, Vik <vikas.basantani@ gmail.com> wrote:
Hi Irshad, I apologize in advance for this type of response but my top 3 indicators would include:(1) Position Sizing / proper risk management(2) Learn about yourself / your emotions / psychology(3) Plan the trade, trade the planAdd a few minor indicators like a little bit of "luck factor", development of a "gut feel" about the market, willingness to work hard for several years and you may have some chance to be one of those very few who become truly successful at trading.Good luck!!!Cheers VikasOn Tue, Jun 1, 2010 at 9:43 AM, mirshadu <mirshadu@yahoo. com> wrote:
Hello,
Can someone share the top 3 indicators for Intraday swing trade setup with parameter values for indicators? I use E. Mov Avg (3,5), Macd (8,17,9), Slow Stoc (5,3). I understand there is no "holy grail". However some setup that offers fair & consistent degree of success would be helpful.
Best
- Irshad
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