posted
ok i am beggining to get into charts and am reading up alot on all of the different indicators that you can use. so far i have been learing and using a number and have come to the conclusion that these are the best ones. volume (obviously) Bollinger bands, dmi, Macd, and fast stochastic. useing this combination of indicators each of them filtering each other i think i have a good chance to find stocks that are going to go up. any segestions on my strategy?
IP: Logged |
posted
I like to use the bolinger bands fast stoch rsi and macd I like to use the ema 3,5 I have good luck with the 3,5 ema soemthing I picked up from florida swing trader and yes almost forgot I prefer candlestick charts
IP: Logged |
The RSI ranges from 0 to 100. A stock is considered overbought around the 70 level and you should consider selling. This number is not written in stone. Likewise, if the RSI approaches 30 a stock is considered oversold and you should consider buying. I personally love to buy anything under 35-45 RSI.
posted
This is a good place to understand the analysis of a chart. Including cups, double tops, ect. ect. They even give you chart pictures as an example. http://www.stockcharts.com/education/ChartAnalysis/
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
