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Old 07-27-2007, 11:32 PM
dalby dalby is offline
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Re: What are the best texchnical indicators to daytrade YM?

i also use no "classic" lagging indicators e.g. MACD, RSI, etc.

i HAVE found the TICK DELTA ELD to be VERY helpful in confirming trades, ESPECIALLY for countertrend reversals. it is a wonderful tool

mostly i watch key reference areas (market profile levels, pivots) and internals (sectors and advance decline and TICK) and make decisions based on how price reacts

i also have a few setups that use specific formulae as to VIX and/or TRIN, etc.

but none are particularly complex. i stay away from lagging indicators, which are what retail (ie losing) traders use

i pay attention to price, internals, and the big picture

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