intraday indicators

Greetings, I am a new trader. My focus is intraday. I use one hour and 15 minute charts to draw trend lines, and use the 15 minute charts for entry and exit; I emphasize trading in the direction of the trend. At the moment I’m sold on using two Simple Moving Averages (14 and 56) and waiting for crossovers. Currently, I’m also using The MACD (12, 26, 9) and the ADX (14). Any comments on this combination of indicators? Are there indicators that work much better with the two Simple Moving Averages than the ones I have mentioned?
Thanks

Hi
may I suggest that you check out another thread " Trade what you see not what you expect"

Go around FF, you will see price is the best indicator.

hello cornseed, i trade pretty much the same method you described. i use 14ma and 48ma for crossover entries on the 5mins, 15mins, 60mins, 4hrs charts. i don't use the MACD or ADX though. i plan start a thread on the Trade Journal section next week to describe my methods for friends.

Just IMO.... it's a MA cross system... does fine when market is trending but unless you got some discretionary filter to your trades (no indys here..) the ranging days (which are the most) will kill your account with false signals...

But if its working so far, nice....

Cheers!

Thanks to all who replied.
Gary

Just picked this thread up...Just an observation, I used to trade a MA crossover system and I feel that you need to remember the purpose of moving averages. They exit to show you a trend. This means that when moving averages crossover, the trend hasn't change, but rather there is indecision in the trend.

Once again - a moving average crossover doesn't mean that trend has changed, it means that there is indecision in the trend.

By using support and resistance, we can best conclude that the trend has changed.

Also, I'd suggest a little more responsive moving averages so that you can better catch the intraday moves.

But, if what you have is working for you, totally ignore this post

Hello,
who knows the name of this indicator?

This 3 indicators are part of the ProFX trading system (google for it) or you can put heikin ashi smoothed (settings 2/6/3/2)and top trend indicator (settings 20/2 or 18/2) on your chart and you have the same. For MACD settings 5/20 or 8/20.