I've been trying to research how to use RSI, MACD and Moving Averages effectively. My trading is fine now, getting some consistency. I only use basic support/resistance with VWAP. The goal is to expand my horizon a bit and take advantage of all the tools I have. If an extra indicator used correctly can help time a better entry, I'm game for that! Anyway, I find lots of basic explanations but nothing all too practical. Like I highly doubt that every time RSI hits 30 that it should mean to take an entry. It doesn't appear that any of the gurus I've studied (Tim G, Tim S, Michaud) use it either.
First question. Are these things even useful? Would it just clutter my screen?
If you have success with these indicators, any recommendations of resources that I could use to study these in the context of momentum day trading? Or is this something I should just "do" to gain experience with them and observe in post-trade analysis?
Sharing any personal experience using these indicators would be valuable too, if you don't mind :-)
Thanks in advance!
None, just price action and volume.
I find the Macd useful ass you can see the vol quite easily and the momentum and the ichimoku cloud - but we are all different and you have to find what fits you best =D
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