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Old 01-29-2008, 08:46 AM
maya maya is offline
 

Join Date: Jan 2008
Posts: 5
Default Day trading strategy

Hi!

Am currently trading the 1 min chart using the following indicators:
1)EMA 5 & 10
2) Bollinger band
3)SAR
4)ADX 9
5)RSI 9
6)DMI 9
7)MACD 12,26,9.

The problem i am having is that by the time i wait for the ADX to rise above the 20 line, the trend tends to move in the opposite direction. So although i do make profits on certain trades i seem to be losing off all my profits due to situations like that.

Are these indicators suitable for trading on the 1 min chart and what are the changes or indicators that i can use to trade the 1 min chart well?

Can anyone offer me a solution....thank you.
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