I am a technical trader. I use mainly W%, price action and chart pattern to trade.
MACD at time will be used. I too use Adv/Dec, ROC to determine trade.
Price action is basically represent the psychology side of the trade, while indicators like W%, RSI etc represent the technical side of the trade. So by using this 2 different approach to look at the entry and sell price is quite accurate. I find using W% and RSI to predict the trend of the market movement is not that accurate as these indicators uses price to predict price.
If trading futures, pls also consider using COT. This is the fundamental of the contract.
if interested to know more pls contact me, my email is leow_yan_xiang@hotmail.com
