Learn how to trade stocks using basics

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Gentlemen,

The first and foremost thing you need before you trade is
HOW TO IDENTIFY SUPPORT AND RESISTANCE ON LIVE CHARTS.

You really dont need indicators.
1. know where the support and resistance levels are
2.know how to draw trend lines
3.know if a support level isbroken by price, it becomes resistance level
4.know that if a resistance level is broken it becomes a support level.
5.market has to prove that a particular price level is support or resistance
6.dont trade until yiou are sure that market has agreed to respect a price as support or resistance level
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To begin with just read this link and see the two charts given
http://www.tradershelpingtraders.net/

Remember
support and resistance is not a single price, it may be probably a zone a band of price.
http://www.atradeaday.com/2007/11/06/how-i-trade-support-and-resistance/
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http://www.investopedia.com/articles/technical/02/061802.asp

http://www.swing-trade-stocks.com/support-and-resistance.html

http://ezinearticles.com/?Technical-Analysis---Using-Support-and-Resistance-Correctly&id=550338
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http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistance

http://www.investmentu.com/tradersu/2006/20060518.html

http://www.howtotradestocks.com/index.php?id=resis_supp
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http://www.istockanalyst.com/article/viewarticle.aspx?articleid=963798
I trade with three fundamental attributes of support and resistance:

1. For me, support and resistance are zones, not finite numbers. The greater the timeframe, the more this attribute applies. I am looking at daily charts and longer, I draw the support and resistance zone as 1/4 ATR beyond the level of support. I expect that price will begin to change direction in this area. Combined with moving averages and certain patterns, like the hammer, this has worked well.

2. Support/resistance is validated by the number of times the zone is touched. Corey at afraid to trade used this “number of times touched method” as one measure to assess the validity of trend lines. I share his conclusions. When I observe price bounce off a zone of support and resistance multiple times, I know that zone is strong. It’s my interpretation that the higher the time frame (days, weeks, months…), the more powerful the zone has become.

3. Don’t forget pivots when trading intraday. Perhaps using pivots deserve their own article.
Pivots are areas of support and resistance calculated from the previous day’s high, low, open, and close. The true value in the pivot numbers is that they are widely followed. The whole concept of support and resistance is that support and resistance holds because so many traders buy or sell when price hits a certain number. This is exactly why pivots are useful from an intraday perspective. Pivot points are generally calculated the same way. So when you look at a widely traded contract like the emini S&P, price will bounce, consolidate, and break around pivot points.for intraday trading use pivot point calculator.

http://www.tradingwhatisee.com/2006/10/18/support-and-resistance-fibonacci-or-both/
see how fibonacci helps