I’ve been in the trading game for a few years, but I still feel like my indicators aren’t cutting it.
What do the seasoned traders swear by? There’s so much noise out there on the internet about what really works.
MACD with Bollinger Bands combo actually works great for day trading. Found this strategy breakdown that helped me understand the timing better.
The trick is waiting for both signals to line up instead of jumping on just one.
Support and resistance levels work better than most indicators because they show where price actually reacts.
I combine these with RSI on higher timeframes to avoid getting caught in false breakouts. The 4-hour RSI helps filter out weak setups on shorter charts.
Keep it simple and focus on what price is doing at key levels rather than chasing perfect indicator signals.
RSI divergences work better than crossovers for entries.
MACD and Bollinger Bands saved my day trading after blowing through two accounts with complicated setups.
My bread and butter is waiting for MACD crossovers near Bollinger Band extremes on 15-minute charts. When price hits the upper band and MACD starts rolling over, that’s usually a solid short setup.
The key is using them together. MACD alone gives too many whipsaws. Bollinger Bands alone don’t tell you when to enter.
I also keep one eye on the daily chart trend. Never fight the bigger picture even if your day trading signals look perfect. Learned that lesson the hard way during my third year.
Most profitable day traders I know use price action first, then add 1-2 simple indicators for confirmation. Moving averages work better than oscillators for day trading because they follow trend direction instead of fighting it. The 20 EMA on 5-minute charts gives clean signals without lag. Volume matters more than fancy indicators. When price breaks key levels with heavy volume, that’s your real signal. Skip the crowded charts with 6 different indicators. They create confusion and missed opportunities.