I just started getting into TA, and tend to rely on MACD and RSI. What about you? There are so many different types of indicators...did you just do a trial/error to figure out what works for your trading style?
Posted Feb 25, 2016, 4:05 PM UTC
voodoo lines
Pure eyeballing and then balls first into those options. Then in hindsight realize the fundamentals ain't shit. I go by volume, resistance, whether it is oversold or overbought. Then I buy at 11am. For some reason this has worked for me.
well one honest person here...
TTM Squeeze, regular RSI, stochastic RSI, MACD, MFI.
Mfi? Why
Few guys at surge recommended that and NVI. Not bad tbh.
How many times does this get asked every month? Actually curious
As many times as it needs to be asked, my friend.
Not enough. It's about 100:1 to the Shkreli posts.
Fib extensions, RSI overlapped with momentum (8) and use tick charts.
Eeeeeeeeewwwwwwww tick charts
Squid.
Try 25 ticks 1 day. It's nice.
Jesus. I use the 133 tick charts.
25 ticks seems to be a sweetspot for TA. Things pop out that you might not notice otherwise.
I bounce back and forth but I ALWAYS use moving average crossovers. Specifically 3-day SMA and 8-day SMA.
I also really like Slow stochastics. My other oscillator is an RSI/Williams %r overlayed. Though I've recently began using Directional movement Index/ABX with great success.
8- and 21-period exponential moving averages. There's different strategies involving different moving averages (I know one trader who relies heavily on 50- 100- and 200-period simple moving averages, and another on 8, 21, 34, 55-period EMAs). I just use mine for "trading trends" and as a somewhat unreliable "overbought/oversold" indicator. :P
MACD. I mostly use this for spotting the beginning or end of a trend (when the lines cross over).
TTM_Squeeze. This is muuuuch more useful on the desktop version of TOS, but I use how deep (or shallow) the peaks/valleys are to see how much strength is in a given trend. If it's really shallow... don't buy the hype.
RSI. I sometimes swap this out for a slow stochastic, but for the most part I think RSI is a little better. Mostly I use it for spotting overbought/oversold conditions, but it's also good for spotting a bullish or bearish divergence.
That said, I mostly trade based on daily charts, and buy options that don't expire for a couple of weeks at least. Someone who mostly day trades and buys weeklies might have better luck with a different setup.
MACD, MFI and Momentum.
And my YOLO guru.
Anyone have good reading/listening source where a scrub can go learn these TA analysis?
www.babypips.com/school is fantastic
YouTube
stochastic oscillator and Money flow index are my bread and butter. They might give you a possible indication but nothing is for certain in this business and you shouldn't rely just on chart analysis to pick your stocks/bets. Markets move, period
MACD RSI. Been looking at sixth month out charts since shit has hit the fan for so long.
voodoo lines, wish the person would add more preset stocks / wish i knew how to code it myself
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Personal style / plenty of backtesting lead to mine. Mostly modifications to the TTM Squeeze, ParabolicSAR, and moving averages based on fibonacci numbers. I'm 100% convinced that TA just helps you recognize similarities in price patterns not used for buy and sell signals.
Bollinger Bands, RSI, Stoch RSI, EMA, MACD, 50/100 SMA, Stochastics, volume, and sometimes Ichimoku Clouds. I also reference the Bulkowski Encyclopedia of Chart Patterns pdf which is easy to find.
VWAP, MACD, RSI, Arron Indicator
http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=6&dy=0&id=p69884497413
already done for you
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Bollinger bands, once the candles deviate from them they could indicate trend change or at least the trend not being as heavy. Same goes for my boner, once it's not as full it lets me know the trend is going against me.