Question:

Trend predictions based on oscillators?

by Guest57858  |  earlier

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I am trying to develop a successful trading strategy. So far, I plan on using RSI/stochastic criteria as well as positive/negative divergence. Are there any other indicators that would help me discern a buy/sell signal, specifically related to volume or support/resistance levels? Or anything else you can think of that I haven't already? Thanks for your help! Share the love :)

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3 ANSWERS


  1. I used to trade using oscillators. i look for support and resistance levels first. When price is trading around those levels, i wait for overbought/oversold conditions, check volume and price confirming these conditions before opening a long or short position.

    Hope this helps.

    - Jim http://jsforex.blogspot.com


  2. Both RSI and Stoch can be decieving because they are leading indicators and they often give false signal but i would suggest have them with Moving averages and dont but low but buy on strength because yoo more likely to make money on that than waiting for RSI or Stoch then it dont do what you want

  3. Check out OBV (On Balance Volume), and as a further check I use Profit & Figure charts.  Mostly I depend on fundies, tho.

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