|
PureBytes Links
Trading Reference Links
|
Keep it simple and experiment until you find something that works best for
you.
All indicators work some of the time, none of the indicators work all of
the time.
I use Fibonnacci support & resistance and projections, Bollinger Bands with
2 SD's on a 21 bar MA, 21 Bar and 50 Day MA's. These are ranked in order
of performance.
You should use a combination of indicators that are independant of each
other. When the signals confirm, Bingo, push the button to execute the
trade.
In my opinion the Fibonnacci's are the most powerfull indicator available.
Learn to use them, manage the trade, and you can trade successfully and
beat the street.
If you want to follow the herd, use the MA's.
Jack Hutchison
|