Quote:
Originally Posted by Dave
What studies (MACD, RSI etc...) do you use most often?
Do you use the same ones intraday as compared to looking back on historical charts?
Why do you use the ones you do?
Just thought I'd start this up to get some discussion about this stuff, since it seems like there are a million and one "tools" out there, but everyone's got their favorites right?
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It really depends on the type of trading you do. I'd have to stay after I look at a chart i like, with a good trent I'm comfortable with, I use RSI first to get good buy points. Even though MACD is lagging, you can base yourself on what happened before to know if it works for the future.
Basically, I use a combination of Chaikin Money flow for Volume, RSI for OB/OS levels(and entry point), MACD for trend reversal(on a small scale) and Price relative to see how it's going compared to the major index. This is really fort short term plays though, not intraday.
For Intraday, I like the way chuck does it, how he approaches a stock's volatility. Not for me though, not now at least.
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