bowledover,
As far as indicators go, I mostly look at On Balance Volume, Stochastics, William's %R, Price Rate of Change, and Money Flow. Lately I've become more interested in MACD also, and have been playing around with various permutations of it.
I'm not sure it is especially critical which indicator you look at, as long as you feel comfortable with it and understand it's quirks, and what it is saying (or not saying). Also, I don't believe you can use indicators or oscillators alone, without reference to the chart, the candles, the trendlines, the moving averages, and the stock's history and personality.
I also use Bollinger bands, and frequently look at moving average crossovers, and such like, but those are not really technical oscillators. Also, I've been trying to find a place to incorporate internals, actually to try to incorporate them into modified technical indicators, sort of a mulivariate logistic approach, without the mainframe.
Lately especially, time constraints prevent me from daytrading much. Other constraints do as well----two of my accounts are now restricted (I been a bad, bad boy...... <ggg>).
I have never considered myself a daytrader anyway. I'm mostly a swing trader (couple days to week or two). Also have a substantial long-term buy and hold streak in me (got mutual funds I can't even remember the name of anymore!!). So I take several different approaches, from scalps to long-term investing.
WS |
