To overcome whipsaws, you have to increase the values of the indicators. Say for eg:
RSI - default values: 14/10. If you are using tick chart or 1min. chart, try using higher values. Keep trying various values until you become comfortable with the right set of numbers. Same goes with MACD.
For EMAs, I always use, 9,20, 50, 100 & 200
Healthy and Wealthy Trading
P
psb67
Hi Ravibos,
RSI is perhaps the most powerful indicator along with MACD and EMAs for day trading as well as for position trading. Only, for day trading you may have to fine tune your indicators to overcome whipsaws.
Healthy And Wealthy Trading
P
psb67
Hi Ravibos,
Thanks for your msg. Welcome to Day trading :)
I follow a simple but powerful day trading method. I have clearly outlined my strategies and methods in my blog.
