The first share I invested in was with Volkswagen and that was the beginning of my trading career. After trial and error, I ‘cracked the code’ to trading and became more and more successful. This has led me to teaching others how to trade and find financial freedom.
I am often asked what makes me different than all the other traders out there and
For me, a combination of 3 indicators works very well.
I swing trade stocks and options and I day trade the futures markets. I always use the same indicators: the RSI, Stochastics, and the MACD. I want to see that all 3 indicators are confirming an entry.
I look for an RSI with the setting of 7 and I want to see that the RSI is going above 50. If it goes above 70, I’ve noticed that it is too late so as soon as the RSI goes above 50, that’s when I see a bullish trend.
I like to use the slow Stochastics with the setting of 14 and it’s the same deal here; I want to see that the slow Stochastics cross above 50. So when both the RSI and the stochastics cross above 50, I’m getting ready.
Now the third indicator that I look at is the MACD with the standard settings of 12, 26, and 9. Here, I’m looking for the MACD actually staying above it’s moving average. When the MACD crosses it’s moving average, that is when I like to enter.