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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