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What I meant to write was that in my opinion (begginerīs), these indicators most of the times arenīt reliable for my day trading. If Iīd enter a trade for any signal Stochastics would give, I would be without a large amount of money...!
Nevertheless, I see your point, TMFT!
Can you help answer these questions from other members on NexusFi?
I have to wonder how you use MACD in your 5 minute chart. What are your buy signals and sell signals do you use?
MACD is a pretty reliable indicator if used properly and becomes more useful in an intra-day chart compared to a daily chart as less data is used in the calculations of its numbers.
So show me how you use MACD in a 5 min chart... an example would be chart would be useful and I would comment what you are doing right/wrong.