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| Show me the money! [Daytrading] Need some trade ideas for today? Want to share your own intraday trade ideas? If you're the next Jerry Maguire and can show us the money then this thread is for you. Also, check out the School of Pipsology if you want to learn which timeframe you should trade in. |
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01-29-2008, 08:46 AM
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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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