Discover the secrets of a market wizard's MACD trading strategy, including custom parameters and specific market patterns. Learn how to utilize MACD effectively and anticipate market movements for successful trading.
What does MACD stand for?
MACD stands for Moving Average Convergence Divergence.
How is the MACD line calculated?
The MACD line is calculated by subtracting the longer moving average from the shorter one.
What is the signal line in MACD?
The signal line is a moving average of the MACD line, with a histogram measuring the distance between the two lines.
How to identify a bear flag setup in trading?
A bear flag setup can be identified by the first pullback in a new trend after a break.
What is the Annie pattern in trading?
The Annie pattern involves anticipating opposite directional moves in examples like Euro and Dollar.
When should a backside setup be considered for trading?
A backside setup should be considered when focusing on a break against the trend and pullback.
How to handle instances where the anti pattern does not work out?
Not all instances of the anti pattern work out, but some may lead to profitable long trades.
Give an example of a successful trading setup in an uptrend.
The TLT example worked with first pullback consolidation in an uptrend.
Why did the SMCI example not work in trading?
The SMCI example did not work due to an earnings report causing a break against the trend.
How to share trading code and seek feedback from other traders?
Share code for indicators on Twitter and encourage feedback from other traders.
Discover the secrets of a market wizard's MACD trading strategy, including custom parameters and specific market patterns. Learn how to utilize MACD effectively and anticipate market movements for successful trading.
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