Rosie Harley stands out for her honesty and reliability. Unlike some brokers who set unrealistic expectations, she consistently delivers on her promises.
I used to be doubtful about trading until I was introduced to Mrs. Rosie. Her exceptional expertise in market analysis consistently delivers remarkable results.
I love your Momentum Dual MACD Approach! It's beyond amazing sir! With all due respects I must agree with you that most folks love complexity instead of simplicity. Look at the Weekly chart = MACD DOWN = YES = WAIT for MACD to cross upwards Look at the Weekly chart = MACD Up = YES = GO TO DAILY = MACD UP = YES = enter your trade Sounds pretty dang gone simple to me. I like simple. That method totally kicks ass. Now if I can just find trades like you pros do then it's off I go to the races! Thanks again for sharing your wisdom sir.
As a trader, I always emphasize the importance of seizing opportunities in every market. Trust me, day trading is booming right now. Gerry accurate predictions are invaluable 5 stars!⭐⭐⭐⭐⭐
Building a good investment portfolio is more complex so I would recommend you seek Gerry’s support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.
Probably the BEST Bitcoin investing strategy I've ever seen. I will use it myself. Thank You so much for these videos! They are amazing resources. I am a subscriber for life.
It took me a few reviews of this video to understand what was going on....now I marvel at the simplicity of the process. I use GBTC as my vehicle as I can trade it at my brokerage. I was familiar with MACD but I had not used it ....using the weekly to confirm when to buy and the daily to advise when to set the set the stop loss is PERFECT for me. Having the MACD readily available at my brokerage website makes this super easy and checking the daily chart after the market closes is a nice path for me. Thank you for this video ...I have shared it with a few. Added comment ... I found that unfortunately I can’t set a stop loss on GBTC but just watching manually and selling is adequate for now .... and after finally dipping my toe in the water and watching the video one more time I think I finally understand
Another great video! You may consider putting a correction label on 02:41 where MACD formula is incorrectly written in contrast to what you define, MACD = [12-EMA] - [26-EMA].
@@FinancialWisdom how did u get that returns? I backtest with same MACD strat in your video. And while I got good returns about $10k to $100k for the same time period and not $10k to $1.3mil as you claimed.
DIFFERENT RISK RETURN RATIO PYRAMIDING IS REASON HE GOT -100X SAME TIME SAME MACD SAME RAT POISON BITCOIN- BUY IN -5 UNITS -10% SL -2% RISK 👨🎓LIKE JESSE LIVERMORE (2) 2:30 RISK REWARD IN PYRAMIDING /10:50-SAME -50% MOVE SAME -10% TRAILING STOPLOSS
A really useful video thank you. Recently I felt the relentless 24hr/day nature of Bitcoin was more trouble than it was worth. However, I can see this strategy, looking once per day, is exactly what I’ve been looking for. Excellent as always!
Wow. My brain just froze a bit. Thank you for sharing this, it reinforced what I've learnt in your Channel and other Trend Following media. Risk management + discipline + strategy (ideally with a proven edge) = reasonable, realistic results. Creating wealth slowly.
Thanks for revealing all these to us, what more can I say than it takes patience and perseverance to value the true nature of bitcoin, price rocket up inconceivably bitcoin on its way to $20,000. If said this is to happen, it will be very unwise for us not to know how to increase our bitcoin instead of just keeping it
How does this whole bitcoin thing work? I'm interested in it and willing to invest heavily in it but am gonna need an assistant from a trusted productive professional
The rich stay rich by spending like the poor and investing without stopping, then the poor stay poor by spending like the rich yet not investing like the rich Investing in Bitcoin is the best decision to make now
I noticed back testing this strategy in the most recent time period (March 22 to current) it didn't fair too well. Do you think adjusting it a bit to include only taking trades when the MACD line (on the daily (or Weekly) is above the Zero Line (like in the FAANG strategy) might improve it?
an interesting strategy but completely prefer to use a simple 40ema using a monthly chart. This completely eliminates all the short term noise that you get with bitcoin. I went long in May 2019 at 6900 and took profits just after the top in March 2021 at 58700 for a 980% gain. Not bad 😃. I went long again in April 2023 and am currently sitting on a 123% profit. Simple ema averages are the way to go if you want to make maximum profits. You have to be patient though.
Do you mean simply using 40EMA on monthly chart for entries and exit? I have looked at another strategy where you use daily 20EMA for entries and exits along weekly 20EMA. Similar to this one but uses 20EMA instead of MACD. Performs a bit better but also has a bit higher drawdowns. Can you say more on your monthly EMA strategy?
Hey ! Great video. I tried doing a backtest, from Oct 2015 till today, and with this strategy, though we have cut max DD to half, the initial $250 would have only turned to $18k. I think I might be doing the backtest wrong, since in the same period you mentioned in the video, I've got 28 trades - far higher than the number mentioned in the vidoe. Do you mind sharing the dates of entries and exits ? Thanks in advance !!
Would an alternative way to do it would be to: 1. Use daily chart 2. Create a MACD with the default settings multiplied by 5 (60,130,45) 3. Place a second MACD with default settings (12,26,9) This would allow you to use one chart to look at both MACD on same chart. Does this work?
I really like the video but I am slightly confused. For the dual MACD strategy, does the cross-over between the MACD and signal line have to be above the zero line or can it be under it for both time frames? In the FANG stock video, crossing the zero line was pivotal in our buy decision.
@@FinancialWisdom why the double timeline strategy? You got donchian strategy and others, did you backtest others? Would you choose the same, or another better strategy of you were in 2017 again?
One thing I'm still a bit fuzzy on here: are all of the entries based on weekly MACD crossovers, or daily MACD crossovers ensuring weekly histogram is positive? (I return to this video often, it's a wonderful guide!)
@@dkccruz I just realized the answer myself: if weekly MACD green, then daily crosses are valid entry/exit signals. The third trading window has 2 trades in it! Meaning the entry for the 2nd trade was based on a daily MACD cross.
@@Steven-T Great observation!:D thanks, I tried back testing it and got so many signals. I'm just confused on- He only traded 12 times for that long - computed for it, that is just 3.25 trades per year. Im seeing alot on the daily chart, and on the weekly chart. it's just around 2-2.5 trades per year.
Hi both, sorry for the delay, it seems you have mastered it now anyway.... If the weekly MACD is positive we use the daily for entry and exits as suggested👍
Hey, I watched this video long time ago. I think I finally got it. I just wanna say THANK YOU! I’m gonna apply this to all my trading! Any comment on that?
Extremely useful video. Congratulations for the channel! I've to admit I feel a lot more trustful in myself as I start understanding the basics of the market and also chart analysis. For some months I've been investing in crypto, analysing just the projects but not the charts, and that came out in bad risk management. I wasn't taking control over my investments and my account went all the way up to 200% and then down 50%, but only due to the market trend... Like a ship adrift. We'll see if I learned well the lesson. Thanks a lot for sharing your knowledge. Keep pushing with this awesome channel.
My first investment with Mrs. Carolyn gave me a profit of over $25,000 and ever since then I trade with her weekly investment plan and it has been a good move
Thank you for sharing a amazing simple content, entry and exit strategy method. I now know the power of dual MACD when applied together. It’s an edge which I applied since watched your video, both of my of my winning trades worked 🥰😍🙏
Message to Financial Wisdom ; Very well said. I’m hoping that you can do a video on Bitcoin MACD @ 1 minute timeframe. I need to learn more on this. Why? In my MetaEx platform, with the “BTC Trend Analysis Exchange Group” Chatroom, we are using this 1 minute timeframe. Can you please do this suggestion? I’ve been looking everywhere in TH-cam for this kind of video. One more thing, make sure that the video is in English caption. Why’s? Cuz I am deaf. Thank you for kindly for making this video. I’m taking every baby steps in learning. 👍🏽👍🏽👍🏽👍🏽
Just tried this for the first time. I scanned a crypto featuring the weekly MACD crossover setup. Started with a 40 dollar position since this is my first time trading the system and I just wanted to focus on putting the principles into play. Unfortunately got into the trade a bit late (was faffing about with trying to limit buy just to save a couple cents, but it never triggered) then followed the system. Got out today with a net profit total of...6 cents after fees XD. If I had entered the trade on time, it would have been a 10 dollar profit for a 25% return in a 6 day period. Clearly I failed in the execution, but I learned some valuable lessons like how to follow this system, how to actually set a stop loss, how to have an actual risk management system in a trade, and that being a miser to save 4 cents in trading fees is really stupid compared to just properly timing your trades. I'd been using simple buy and hold strategies but I feel a lot more confident about managing my trades now after incorporating some knowledge from your videos, so it was definitely worth and I'm excited to continue to learn and become a better trader in the future.
Just discovered your channel. Great content. I have consistently avoided trading crypto currencies due to the volatility, but this video has given me the confidence to dip my toe in the water. Which platform do you use to trade Bitcoin?
Welcome aboard! I use Etoro only for Crypto, for no other reason than I had an account originally. I use IG Index for my bread and butter stock trading.
Hey, nice content. Do you consider here only the the daily and weekly macd? You do not consider the 10/20ema at all? Should not be the 10ema above the 20ema to enter with this strategy, for the momentum? Thanks!
Thanks for this usefull video. One question, after the daily negative crossover, if the stop loss below candle does not hit, do we continue being in the long position?
Hi Prince, yes you would stay in the trade until the stop is hit. Of course if the daily crosses back up and eventually crosses back down we then move the stop loss accordingly.
Thanks Gareth. Fascinating. I don't do bitcoin but I do Tesla (which is a kind of proxy bitcoin). The dual MACD seems to work well. Whilst I'm sure dual MACD is good for most equities, I'd guess it's more accurate on speculative stocks where one is buying and selling on herd behaviour rather than news and fundamentals. Bitcoin is many ways is the perfect asset because it has (as far as I can see) no intrinsic value.
Absolutely spot on William, I dont use the dual MACD for stocks because I lean on longer term fundamentals and therefore pay less attention to short term fluctuation (daily MACD). Yes Bitcoin and the association of crowd behaviour makes this strategy great to capitalise on.👍
First, Thanks for your good videos and advices! And 2: Where did you put your stop lost in the enterring? I don't find it in the video and i think there would be a better stop to put than a %tage.
Hi Juan, possibly, I use weekly macd only but that is because i use longer term fundamentals with generally less volatile assets, try and pick a few stocks to back test.... nonetheless the concept is sound so in the long term it would probably have a positive bias
@@FinancialWisdom Many thanks FT, great video... I had been successfully trading bitcoin throughout December and January during its recent bull run... but I was spreadbetting it, and now in the UK the FCA have banned trading of crypto derivatives for retail investors. Do you trade on a crypto exchange, and if so, are you able to place stop losses on the platform you use?
@@robbuirski8810 Hi Rob, I would be careful without back testing or fully understanding the chart behaviour of the stocks in question, if they are not trending stocks you may get whipsawed out often. You could try this software which I'm releasing a video on tomorrow to back test www.marketinout.com/?a=gapa
@@FinancialWisdom Wow thank you. I believe they are trending stocks as I feel I've done my due diligence, but also because they align with 5G, genomics, 3D printing, and especially the green revolution which I think is susceptive to fast growth. But absolutely I'll try to get my head around back testing so I have proof of concept, and I look forward to your video!
great video - do you have any video on the setting up the stop loss under the closing candle you mentioned....thank you for taking the time to make this
Very interesting. However, I followed the strategy exactly and found quite a few more unproductive and negative trades. Then I noticed that I was working with Coinbase data while you were working with OANDA data. The OANDA data seemed close to the Coinbase data but the MACD on Coinbase data has more slight crossings than on OANDA data.
Hi Paul - Are you using raised stops under the wick of the candle too? The strategy would have got you out near the top and missed the considerable decline for sure either way.
@@FinancialWisdom fair enough, just noticed on your others videos you advocate only going long if the macd line crosses above the signal line above zero?
Hi Julia, I did use IG Index until they changed the rules, I now use Etoro (for Crypto only), for no other reason than I already held an account, but due to the infrequency of trading Bitcoin any pro's or con's in comparison to others are not too significant to me.
Do you use any kind of MACD and price action strategy for stocks, something similar to Stan Weinstein stage analysis strategy combined with MACD? If so, that would be great to make a video on that.
@FinancialWisdom Do you ever close or get stopped out and immediately join the trade in the opposite direction? if, so how would that look like? Thank you for the videos, by the way. I am relatively new to the channel and relatively new to the trading world, but so far enjoying and most importantly learning a lot.
Hi - No I would only have a view on the breakout moving up, which would include the technical set up, momentum and the Quality of the business. Going the opposite way would contradict numerous aspects.
For example, right now we have the weekly MACD being crossed down by the signal line, and the daily down too, but, trying to cross from below. What do the strategy says when daily macd indicates buy (and w macd down) wait and see?
Hi, when you talk about your stop loss, do you set it up from the candle close or the candle low of the current day ? If the price bounce back do you cancel your order ? Thx !!
Thanks a lot for your wonder content! Fabulous back-tested strategy with wonderful presentation. Would be great if you could share more thoughts/strategies on trading other cryptos too!
This is amazing! Thank you for sharing this. *BTW, have you thought about employing the same strategy on the downturns? So if weekly is in the red and daily goes in the red, to place a short? Did you backtest this?*
Awesome. Do you put in a wide stop when you start a position like when you see a cross over in the weekly? Thanks for all the content really love it !!!!
Hmm sorry if this is a noob question but I learned you should go buy if macd cross below its 0 and if price is above the 200 ema. Do you think this is better method maybe less risky but also lesser signal ?
hi Emre, who knows, to confirm it would need to back tested, some methods have different results depending on the asset being traded.. try back testing your method on Bitcoin and let us know👍 only entering when price is above the 200ema is sound advice though
Shouldn't this dual macd work well for most stocks as well? I would possibly just change weekly macd settings to 5, 35, 5 and also use a 200 ema filter to go long or short.
Not really all assets behave differently for many many reasons... The Bitcoin works particularly well because it is a trending stock closely aligned to trader behaviour, whereas stocks rely more on other factors like fundamentals or general market environment. The Bitcoin strategy is in effect following the flow of money/sentiment.
Ok, i have question about position sizing also, since macd doesnt have fixed stop loss (only exit when death cross macd daily chart) how we determined position size? Ex : i have $1000 usd, Thanks..
FinWis! First comment but I've seen just about all your Book Reviews and super love ALL of them. Your animations keep it lively and I have learned so much from all of your videos, you are providing a great service! Would you say The Trend Following Bible would be the best resource to learn more about the theory and use of MACD? I suppose there are more youtube explanation videos as well. Or other vids/books you'd recommend? Thanks!
Thanks finwis! I get asked this question quite often... I think a blend of all books until you find a strategy that makes sense to you and suits your personality. You really need a broad understanding not just technicals, but probabilities, mindset etc. Keep reading and watching 😉
No, the profits of my btc daily algorithm returns 12 million in the same period with a profit factor of 7.3. The larger sample size of 158 trades compared to 13 also gives me more confidence that it will continue to perform as it has succeeded through every kind of condition. Basically, using recent volume (considering only 3 days) and modified force indices (not exponential) on a 3 or 4 day scale to predict a likely green candle and pump immediately, and then exiting as rapidly as possible on the first close under a fast ema, then waiting for small scale momentum and volume again to suggest the end of the pullback. Rules for shorts are very different because action is often very sideways, not as often in brief pumps for a few days or weeks, so only 2 or 3 entries per bear market, not exited so quickly. 50 Day SMA direction determines whether to take longs or stop taking longs and wait for the rare short.
i don't get the same results, I made sure to be on oanda too, for example: the trade #2 that you describe at 10', you say you have 30.2%, how is that possible price didn't even rise by 30% ; from what I see on my side trade was entered on Feb 3rd at 9352$ and daily macd turned red on feb 18th setting the stop loss at 9593$ which was triggered the next day --> 2,58% profit... Could you explain where I am wrong? your macd curves look smoother than mine...
I was just going to make the same comment. I was wondering if it was my data or my settings. I was using BTCUSD on TradingView. In late 2016 I have several quick in / out trades before catching a great one on Dec 18th for about a month at the exit you described. Clarification would be great.
Many thanks for this amazing advice. May i ask you, do you think this strategy would be profitable for major commodities like gold, silver, copper, natgas, oil, etc. ?
Hi thank you for the video. I'm more of a dividend and sit and wait investor but I find this interesting and now that I work from home I've got more time on my hands. My question is - how often do you have to watch the charts? Check in every couple of hours? Do you have to be on it like a hawk all the time? Because that sounds stressful.
Hi Ravi, I dont use the dual MACD for stocks because I lean on longer term fundamentals and therefore pay less attention to short term fluctuation (daily MACD). I would imagine we coul;d use for ETF etc but would need to confirm through backtest.
Very interesting, I also used a very similar strategy since 2017. Long moving averages for larger trend. Shorter for local trends. Then combination of variance and ranges to signal breakouts
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I’m interested in earning daily profits through crypto or forex trading, but I’m unsure how to get started. Do you have any suggestions?
Partnering with an expert is essential for achieving daily profits, particularly if you don’t have a reliable strategy in place.
I highly recommend Rosie Harley; she’s the most talented trader I’ve ever worked with.
Rosie Harley stands out for her honesty and reliability. Unlike some brokers who set unrealistic expectations, she consistently delivers on her promises.
My first investment with Rosie Harley resulted in a $12,000 profit, and since then, I have complete confidence in her.
I used to be doubtful about trading until I was introduced to Mrs. Rosie. Her exceptional expertise in market analysis consistently delivers remarkable results.
I love your Momentum Dual MACD Approach!
It's beyond amazing sir!
With all due respects I must agree with you that most folks love complexity instead of simplicity.
Look at the Weekly chart = MACD DOWN = YES = WAIT for MACD to cross upwards
Look at the Weekly chart = MACD Up = YES = GO TO DAILY = MACD UP = YES = enter your trade
Sounds pretty dang gone simple to me. I like simple.
That method totally kicks ass.
Now if I can just find trades like you pros do then it's off I go to the races!
Thanks again for sharing your wisdom sir.
Just join my group😄
@@FinancialWisdom Link Please sir?
As a trader, I always emphasize the importance of seizing opportunities in every market. Trust me, day trading is booming right now. Gerry accurate predictions are invaluable 5 stars!⭐⭐⭐⭐⭐
I reckon trading with an expert is the way to go. It'll help you avoid the trauma of big losses, at least
Building a good investment portfolio is more complex so I would recommend you seek Gerry’s support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.
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Thanks
Thank you very much 🙏👍
Probably the BEST Bitcoin investing strategy I've ever seen. I will use it myself. Thank You so much for these videos! They are amazing resources. I am a subscriber for life.
Thanks RightBrain.. Gald you enjoyed it🙏
It took me a few reviews of this video to understand what was going on....now I marvel at the simplicity of the process. I use GBTC as my vehicle as I can trade it at my brokerage. I was familiar with MACD but I had not used it ....using the weekly to confirm when to buy and the daily to advise when to set the set the stop loss is PERFECT for me. Having the MACD readily available at my brokerage website makes this super easy and checking the daily chart after the market closes is a nice path for me. Thank you for this video ...I have shared it with a few. Added comment ... I found that unfortunately I can’t set a stop loss on GBTC but just watching manually and selling is adequate for now .... and after finally dipping my toe in the water and watching the video one more time I think I finally understand
Great, thanks Kimm🙏👍
Another great video!
You may consider putting a correction label on 02:41 where MACD formula is incorrectly written in contrast to what you define, MACD = [12-EMA] - [26-EMA].
Thanks for that!
@@FinancialWisdom how did u get that returns? I backtest with same MACD strat in your video. And while I got good returns about $10k to $100k for the same time period and not $10k to $1.3mil as you claimed.
DIFFERENT RISK RETURN RATIO PYRAMIDING IS REASON HE GOT -100X SAME TIME SAME MACD SAME RAT POISON BITCOIN- BUY IN -5 UNITS -10% SL -2% RISK 👨🎓LIKE JESSE LIVERMORE (2) 2:30 RISK REWARD IN PYRAMIDING /10:50-SAME -50% MOVE SAME -10% TRAILING STOPLOSS
@@icyboy771z Did you compound the return at each trade?
@@FinancialWisdom yes
This is the easiest most profitable BTC strategy I've ever tried. Thank you so much!
You're welcome!
Im a starter and doing this besides my work. This strategy is easy and can be done with only a few hours per week.
Thank you!
Excellent!
I've been trading Btcoin independently for the past six months but have been experiencing losses. Can anyone
I will advise you to stop trading on your own, it is very risky. Seek advice from a professional trader.
If you are using a really good broker or account manager it is easier to earn from the market
who is your advisor?
his name is Gerry Wes
I trade side by side with him and I never lose any trade.
I don't trade in Bitcoin but surely try to use this strategy on NSE/BSE stocks... Thanks for excellent information 🇮🇳 thanks for India...
Great 👍
A really useful video thank you. Recently I felt the relentless 24hr/day nature of Bitcoin was more trouble than it was worth. However, I can see this strategy, looking once per day, is exactly what I’ve been looking for. Excellent as always!
Glad it was helpful!👍
Wow. My brain just froze a bit. Thank you for sharing this, it reinforced what I've learnt in your Channel and other Trend Following media. Risk management + discipline + strategy (ideally with a proven edge) = reasonable, realistic results. Creating wealth slowly.
Thanks. Yes spot on👌
Thanks for revealing all these to us, what more can I say than it takes patience and perseverance to value the true nature of bitcoin, price rocket up inconceivably bitcoin on its way to $20,000. If said this is to happen, it will be very unwise for us not to know how to increase our bitcoin instead of just keeping it
Bitcoin is the future investment in it now is the wisest decision to make especially with the current rate
Am glad you noticed that bitcoin is going to 3000$ very soon
How does this whole bitcoin thing work? I'm interested in it and willing to invest heavily in it but am gonna need an assistant from a trusted productive professional
You really need someone to tell you how to invest in Bitcoin, you can make research on your own and try doing it yourself first
The rich stay rich by spending like the poor and investing without stopping, then the poor stay poor by spending like the rich yet not investing like the rich
Investing in Bitcoin is the best decision to make now
Would love to see a video on the use of the dual MACD used here!
Noted!
I noticed back testing this strategy in the most recent time period (March 22 to current) it didn't fair too well. Do you think adjusting it a bit to include only taking trades when the MACD line (on the daily (or Weekly) is above the Zero Line (like in the FAANG strategy) might improve it?
Buy 6 months before the Bitcoin halving and sell 18 months after the halving. Back test that the last 3 cycles and you will see it did AMAZING!!
an interesting strategy but completely prefer to use a simple 40ema using a monthly chart. This completely eliminates all the short term noise that you get with bitcoin. I went long in May 2019 at 6900 and took profits just after the top in March 2021 at 58700 for a 980% gain. Not bad 😃. I went long again in April 2023 and am currently sitting on a 123% profit. Simple ema averages are the way to go if you want to make maximum profits. You have to be patient though.
Do you mean simply using 40EMA on monthly chart for entries and exit? I have looked at another strategy where you use daily 20EMA for entries and exits along weekly 20EMA. Similar to this one but uses 20EMA instead of MACD. Performs a bit better but also has a bit higher drawdowns. Can you say more on your monthly EMA strategy?
Please make more of those videos with your trading systems !!! There are awesome !
Will do!
Where do you place your initial stop when opening the position? This is a great strategy, beautiful in it's simplicity.
Hey ! Great video. I tried doing a backtest, from Oct 2015 till today, and with this strategy, though we have cut max DD to half, the initial $250 would have only turned to $18k. I think I might be doing the backtest wrong, since in the same period you mentioned in the video, I've got 28 trades - far higher than the number mentioned in the vidoe. Do you mind sharing the dates of entries and exits ? Thanks in advance !!
Generalmente soy crítico con los canales de TH-cam sobre inversión, pero este es la excepción y este sistema es rentable. Muchas gracias
Would an alternative way to do it would be to:
1. Use daily chart
2. Create a MACD with the default settings multiplied by 5 (60,130,45)
3. Place a second MACD with default settings (12,26,9)
This would allow you to use one chart to look at both MACD on same chart. Does this work?
Possibly 🤔
BTC trades 7 days/week so maybe you have to multiply by 7
The best video so far for trading crypto
🙏 Thanks means a lot
What an excellent strategy!
Thank you very much for sharing your knowledge and educating the masses.
My pleasure! Thanks for watching!..
I really like the video but I am slightly confused. For the dual MACD strategy, does the cross-over between the MACD and signal line have to be above the zero line or can it be under it for both time frames? In the FANG stock video, crossing the zero line was pivotal in our buy decision.
Hi Bitcoin is simply the cross - Every asset class behaves differently.
Thanks!
@@FinancialWisdom why the double timeline strategy? You got donchian strategy and others, did you backtest others? Would you choose the same, or another better strategy of you were in 2017 again?
Strategy is the key element to a long term successful trading,binary option,forex and other cryptocurrency
i watch every video 3/4 times great work sir i realy thank full to u sir from india
You are most welcome🙏
One thing I'm still a bit fuzzy on here: are all of the entries based on weekly MACD crossovers, or daily MACD crossovers ensuring weekly histogram is positive?
(I return to this video often, it's a wonderful guide!)
same question been coming back to the video to better understand but cannot find the anwer.
@@dkccruz I just realized the answer myself: if weekly MACD green, then daily crosses are valid entry/exit signals. The third trading window has 2 trades in it! Meaning the entry for the 2nd trade was based on a daily MACD cross.
@@Steven-T Great observation!:D thanks, I tried back testing it and got so many signals. I'm just confused on- He only traded 12 times for that long - computed for it, that is just 3.25 trades per year. Im seeing alot on the daily chart, and on the weekly chart. it's just around 2-2.5 trades per year.
@@Steven-T i fifgured it out, Try plotting the signals when price is above 200 EMA. that's it. :D
Hi both, sorry for the delay, it seems you have mastered it now anyway.... If the weekly MACD is positive we use the daily for entry and exits as suggested👍
Hey, I watched this video long time ago.
I think I finally got it. I just wanna say THANK YOU!
I’m gonna apply this to all my trading!
Any comment on that?
Hi Koowasha - It works well for Bitcoin, but stocks do not behave the same way. I use similarities for stocks but with far more criteria.
That was great. Could this strategy be used in other coins such as Ethereum?
I would say yes, but I have not back tested myself.
Extremely useful video. Congratulations for the channel! I've to admit I feel a lot more trustful in myself as I start understanding the basics of the market and also chart analysis. For some months I've been investing in crypto, analysing just the projects but not the charts, and that came out in bad risk management. I wasn't taking control over my investments and my account went all the way up to 200% and then down 50%, but only due to the market trend... Like a ship adrift. We'll see if I learned well the lesson. Thanks a lot for sharing your knowledge. Keep pushing with this awesome channel.
Hi Edu - Thanks for the feedback🙏
Best video I’ve seen yet
very nice macd application in the long term point of view
I just got into bitcoin trading 9 days ago and I just received my first profit, wish I knew about this earlier
For real bitcoin is a life-changing business adventure
@Richard Bradley You are right the market is profiting a lot if you have good guidance
I work with a trusted and sincere expert broker by name of Mrs. Carolyn Hutchinson who manages my capital and returns profits
Wow, you know expert Mrs. Carolyn Hutchinson? I'm a living testimony of expert Mrs. Carolyn, She has been trading for me for months now.
My first investment with Mrs. Carolyn gave me a profit of over $25,000 and ever since then I trade with her weekly investment plan and it has been a good move
Thank you for sharing a amazing simple content, entry and exit strategy method. I now know the power of dual MACD when applied together. It’s an edge which I applied since watched your video, both of my of my winning trades worked 🥰😍🙏
Glad it was helpful!
This is about what I was looking at but on a shorter term. Week day 6hr 4hr 1hr and also looking at RSI. :)
Hopefully helped in some way👍
Message to Financial Wisdom ;
Very well said. I’m hoping that you can do a video on Bitcoin MACD @ 1 minute timeframe. I need to learn more on this. Why? In my MetaEx platform, with the “BTC Trend Analysis Exchange Group” Chatroom, we are using this 1 minute timeframe. Can you please do this suggestion? I’ve been looking everywhere in TH-cam for this kind of video.
One more thing, make sure that the video is in English caption. Why’s? Cuz I am deaf.
Thank you for kindly for making this video. I’m taking every baby steps in learning. 👍🏽👍🏽👍🏽👍🏽
Just tried this for the first time. I scanned a crypto featuring the weekly MACD crossover setup. Started with a 40 dollar position since this is my first time trading the system and I just wanted to focus on putting the principles into play. Unfortunately got into the trade a bit late (was faffing about with trying to limit buy just to save a couple cents, but it never triggered) then followed the system. Got out today with a net profit total of...6 cents after fees XD. If I had entered the trade on time, it would have been a 10 dollar profit for a 25% return in a 6 day period. Clearly I failed in the execution, but I learned some valuable lessons like how to follow this system, how to actually set a stop loss, how to have an actual risk management system in a trade, and that being a miser to save 4 cents in trading fees is really stupid compared to just properly timing your trades. I'd been using simple buy and hold strategies but I feel a lot more confident about managing my trades now after incorporating some knowledge from your videos, so it was definitely worth and I'm excited to continue to learn and become a better trader in the future.
Very underated video rn but give it a couple years it’ll be on people’s recommended haha 🤙🏾
Thanks, Hope so!🙏
This has been the most educational video yet. Your inspiring to the community of traders trying to sort out all the noise.. Thank you
Glad it was helpful!🙏
Just discovered your channel. Great content. I have consistently avoided trading crypto currencies due to the volatility, but this video has given me the confidence to dip my toe in the water. Which platform do you use to trade Bitcoin?
Welcome aboard! I use Etoro only for Crypto, for no other reason than I had an account originally. I use IG Index for my bread and butter stock trading.
Hey, nice content. Do you consider here only the the daily and weekly macd? You do not consider the 10/20ema at all?
Should not be the 10ema above the 20ema to enter with this strategy, for the momentum?
Thanks!
I'm glad TH-cam Recommended me this video, great content!!
Awesome! Thank you!
Thanks for this usefull video. One question, after the daily negative crossover, if the stop loss below candle does not hit, do we continue being in the long position?
Hi Prince, yes you would stay in the trade until the stop is hit. Of course if the daily crosses back up and eventually crosses back down we then move the stop loss accordingly.
Thanks Gareth. Fascinating. I don't do bitcoin but I do Tesla (which is a kind of proxy bitcoin). The dual MACD seems to work well. Whilst I'm sure dual MACD is good for most equities, I'd guess it's more accurate on speculative stocks where one is buying and selling on herd behaviour rather than news and fundamentals. Bitcoin is many ways is the perfect asset because it has (as far as I can see) no intrinsic value.
Absolutely spot on William, I dont use the dual MACD for stocks because I lean on longer term fundamentals and therefore pay less attention to short term fluctuation (daily MACD). Yes Bitcoin and the association of crowd behaviour makes this strategy great to capitalise on.👍
Awesome! Thanks. This is one of your greatest videos. Cheers from Brazil!
Glad you enjoyed it!
First, Thanks for your good videos and advices! And 2: Where did you put your stop lost in the enterring? I don't find it in the video and i think there would be a better stop to put than a %tage.
Wonderful strategy, thanks for sharing it with us! Would you say this method can also be applied to the stock market?
Hi Juan, possibly, I use weekly macd only but that is because i use longer term fundamentals with generally less volatile assets, try and pick a few stocks to back test.... nonetheless the concept is sound so in the long term it would probably have a positive bias
@@FinancialWisdom Many thanks FT, great video... I had been successfully trading bitcoin throughout December and January during its recent bull run... but I was spreadbetting it, and now in the UK the FCA have banned trading of crypto derivatives for retail investors. Do you trade on a crypto exchange, and if so, are you able to place stop losses on the platform you use?
@@FinancialWisdom I've applied this strategy to each stock in my portfolio so let's see what results I get back in this experiment.
@@robbuirski8810 Hi Rob, I would be careful without back testing or fully understanding the chart behaviour of the stocks in question, if they are not trending stocks you may get whipsawed out often. You could try this software which I'm releasing a video on tomorrow to back test www.marketinout.com/?a=gapa
@@FinancialWisdom Wow thank you. I believe they are trending stocks as I feel I've done my due diligence, but also because they align with 5G, genomics, 3D printing, and especially the green revolution which I think is susceptive to fast growth. But absolutely I'll try to get my head around back testing so I have proof of concept, and I look forward to your video!
Thank you. Question: isn't "stairs up elevator down" true for all of the market? Why not just use this for regular stock trading as well?
great video - do you have any video on the setting up the stop loss under the closing candle you mentioned....thank you for taking the time to make this
It is very simple, and should be clear in the video..👍
Very interesting. However, I followed the strategy exactly and found quite a few more unproductive and negative trades. Then I noticed that I was working with Coinbase data while you were working with OANDA data. The OANDA data seemed close to the Coinbase data but the MACD on Coinbase data has more slight crossings than on OANDA data.
Hi Paul - Are you using raised stops under the wick of the candle too? The strategy would have got you out near the top and missed the considerable decline for sure either way.
I love your videos and the way you are explaining everything.
I appreciate that! Thanks🙏
@@FinancialWisdom could you make a video testing on Elrond or Ada ? Tnx.
What macd setting do you youse for weekly and what setting for daily macd, thx
It does this by default - If you open the weekly chart the MACD will change accordingly, the same for the daily.
Great video thank you! Just wondering why you take buys even when the macd crosses the signal line below zero?
no reason not to...
@@FinancialWisdom fair enough, just noticed on your others videos you advocate only going long if the macd line crosses above the signal line above zero?
Perfect timing, I just finished a summary 😂
Hope you enjoyed it!
Very, very good explanation of your strategy. Thank you! One question - do you have a special broker to trade Bitcoin?
Hi Julia, I did use IG Index until they changed the rules, I now use Etoro (for Crypto only), for no other reason than I already held an account, but due to the infrequency of trading Bitcoin any pro's or con's in comparison to others are not too significant to me.
@@FinancialWisdom Thank you very much for answering!
Do you use any kind of MACD and price action strategy for stocks, something similar to Stan Weinstein stage analysis strategy combined with MACD? If so, that would be great to make a video on that.
Hi - Yes my personal strategy I share at www.financialwisdomtv.com 😉
How about a followup? Especially as we enter the halving
Thank you so much for posting this strategy. Has this strategy been just as successful in the last 12 months?
Hi Tommy, thanks. Yes, i share the performance on the group.👍
Where do you place the initial stop after entering a position. Can you please explain that... thank you
On Bitcoin we do not, only when the daily MACD crosses down.
Could you also open a short position when the conditions inverse? then go long again when the conditions return?
Possibly
Hi, excellent video for bitcoin,
Thanks
can you use this strategy for stocks also?
variations of it yes
Excellent as always!
Thanks again!👍
Hi. I love the video.
Just wondering can it work on other crypto like ETH and XRP?
@FinancialWisdom Do you ever close or get stopped out and immediately join the trade in the opposite direction? if, so how would that look like? Thank you for the videos, by the way. I am relatively new to the channel and relatively new to the trading world, but so far enjoying and most importantly learning a lot.
Hi - No I would only have a view on the breakout moving up, which would include the technical set up, momentum and the Quality of the business. Going the opposite way would contradict numerous aspects.
Great channel with awesome content!
Keep up the great work, thanks for the great info!
What platform do you prefer to trade crypto?
Thanks Roberbit! Thanks...🙏 I now use Etoro for Crypto.
For example, right now we have the weekly MACD being crossed down by the signal line, and the daily down too, but, trying to cross from below. What do the strategy says when daily macd indicates buy (and w macd down) wait and see?
If weekly macd is down we take no position, we always need weekly macd positive first
@@FinancialWisdom thank you, great content btw!
Underrated video this
Thank you
Would you apply the same strategy to other crypto (only other large cap, e.g ethereum)
Ethereum perhaps, not sure on others - why not visually backtest, its not hard...
No, it not. you're right😊
I wish I had seen this video much sooner :D Love your content. You got a new subscriber :)
Welcome aboard!
Great strategy, well presented! Ever tried it on ETH or a stock?
Yes I have, similar perfromance.
Thanks for making this video. I'm new to technical chart, could you please share how to set these dual MACD charts?
It is simply looking at the MACD indicator on the weekly chart, and then looking at it on the daily chart separately.
Hi, when you talk about your stop loss, do you set it up from the candle close or the candle low of the current day ? If the price bounce back do you cancel your order ? Thx !!
HI Charles, the candle low for the day (tail), no I don't cancel the order I would keep it in place.
Your TH-cam channel helps me a lot in understanding momentum and it's significance.Thanks a lot.
Great
Hello, thank you so much for this. What trading platform do you use to graph the charts
Hi Clemente. I use MarketInOut bit.ly/3oO1exN and IG Index.
Although most charting sites with a MACD will suffice
Thanks for the great video. Just wondering how do you mitigate trading during sideway trend?
Thanks again! Big fan!
I think thats why the strategy works well with Bitcoin due to its cyclical/volatile nature, if it was a dormant asset it would be difficult
Hey have you done this vice versa with shorting it during bear market? let me know what you think
No - i have along term positive bias, therefore I trade that way
Thanks a lot for your wonder content! Fabulous back-tested strategy with wonderful presentation.
Would be great if you could share more thoughts/strategies on trading other cryptos too!
Noted👍
This is amazing! Thank you for sharing this. *BTW, have you thought about employing the same strategy on the downturns? So if weekly is in the red and daily goes in the red, to place a short? Did you backtest this?*
Hi FW - can this strategy be used on INDEXED ETF or Forex pair? Thanks a bunch for your awesome videos!
Possibly, but it would need to be back tested, all stocks/commodoties/ETFs etc act differently
Awesome. Do you put in a wide stop when you start a position like when you see a cross over in the weekly? Thanks for all the content really love it !!!!
Hi Nick, Actually its the only strategy/asset which I do not use a hard stop, but I compensate for a lesser account equity percentage
Hmm sorry if this is a noob question but I learned you should go buy if macd cross below its 0 and if price is above the 200 ema. Do you think this is better method maybe less risky but also lesser signal ?
hi Emre, who knows, to confirm it would need to back tested, some methods have different results depending on the asset being traded.. try back testing your method on Bitcoin and let us know👍 only entering when price is above the 200ema is sound advice though
Thank you for your videos.
Thank you sam
Excellent video and explanation...kudos to your efforts 👏
Thanks a lot 😊
Shouldn't this dual macd work well for most stocks as well? I would possibly just change weekly macd settings to 5, 35, 5 and also use a 200 ema filter to go long or short.
Not really all assets behave differently for many many reasons... The Bitcoin works particularly well because it is a trending stock closely aligned to trader behaviour, whereas stocks rely more on other factors like fundamentals or general market environment. The Bitcoin strategy is in effect following the flow of money/sentiment.
@@FinancialWisdom what is your favourite stock trading strategy?
@@nadeemmoulvi3890 Hi. Breakouts of consolidation, with the trend on a weekly chart (to put it simply)
Hi, i have question, do we need ema 200 to filter in daily chart aswell? So only entry when above ema 200 Thanks..
Hi, no need for the 200ema on the daily chart.
Ok, i have question about position sizing also, since macd doesnt have fixed stop loss (only exit when death cross macd daily chart) how we determined position size? Ex : i have $1000 usd, Thanks..
FinWis! First comment but I've seen just about all your Book Reviews and super love ALL of them. Your animations keep it lively and I have learned so much from all of your videos, you are providing a great service! Would you say The Trend Following Bible would be the best resource to learn more about the theory and use of MACD? I suppose there are more youtube explanation videos as well. Or other vids/books you'd recommend? Thanks!
Thanks finwis! I get asked this question quite often... I think a blend of all books until you find a strategy that makes sense to you and suits your personality. You really need a broad understanding not just technicals, but probabilities, mindset etc. Keep reading and watching 😉
No, the profits of my btc daily algorithm returns 12 million in the same period with a profit factor of 7.3. The larger sample size of 158 trades compared to 13 also gives me more confidence that it will continue to perform as it has succeeded through every kind of condition. Basically, using recent volume (considering only 3 days) and modified force indices (not exponential) on a 3 or 4 day scale to predict a likely green candle and pump immediately, and then exiting as rapidly as possible on the first close under a fast ema, then waiting for small scale momentum and volume again to suggest the end of the pullback. Rules for shorts are very different because action is often very sideways, not as often in brief pumps for a few days or weeks, so only 2 or 3 entries per bear market, not exited so quickly. 50 Day SMA direction determines whether to take longs or stop taking longs and wait for the rare short.
What exactly are the force indices setting you use as well as the setting of the fast EMA?
been following the strategy since nearly 1 month now currently in a limit stop at the moment!
i don't get the same results, I made sure to be on oanda too, for example:
the trade #2 that you describe at 10', you say you have 30.2%, how is that possible price didn't even rise by 30% ; from what I see on my side trade was entered on Feb 3rd at 9352$ and daily macd turned red on feb 18th setting the stop loss at 9593$ which was triggered the next day --> 2,58% profit...
Could you explain where I am wrong? your macd curves look smoother than mine...
I was just going to make the same comment. I was wondering if it was my data or my settings. I was using BTCUSD on TradingView. In late 2016 I have several quick in / out trades before catching a great one on Dec 18th for about a month at the exit you described. Clarification would be great.
Hi, I am testing out this strategy. Did you reenter last week? Great work!
Hi James, Thanks. Yes I follow this religiously for Bitcoin
Great Video, Using this method was recent exit on btc at 16830?
17086 i use Ig Index which might be different to other platforms
@@FinancialWisdom thanks, looking for daily cross as weekly is still +ve.
Many thanks for this amazing advice. May i ask you, do you think this strategy would be profitable for major commodities like gold, silver, copper, natgas, oil, etc. ?
Hi, It would need to be back tested to confirm unfortunately - Every asset behaves differently for numerous reasons👍
Hi thank you for the video. I'm more of a dividend and sit and wait investor but I find this interesting and now that I work from home I've got more time on my hands. My question is - how often do you have to watch the charts? Check in every couple of hours? Do you have to be on it like a hawk all the time? Because that sounds stressful.
Hi Ali - No that's not my style either, a glance once a week..... My advice is to stay away from short time frames.👍
Excellent video. can we use this strategy for stocks, ETFs also? can we use this for short side also using futures or options?
Hi Ravi, I dont use the dual MACD for stocks because I lean on longer term fundamentals and therefore pay less attention to short term fluctuation (daily MACD). I would imagine we coul;d use for ETF etc but would need to confirm through backtest.
Very interesting, I also used a very similar strategy since 2017. Long moving averages for larger trend. Shorter for local trends. Then combination of variance and ranges to signal breakouts
eth macd weekly and daily just cross over indicating a buy, would you apply the same application for entry today? 3 FEB 2021 at 1500 range?
Probably, but i would need to backtest before commitiing
PHENOMENAL!!! Your videos have really been showing me the power of the MACD and also how different intervals work together.
Glad to help!
Hi, I know this might sound like a silly question but where do you get the MACD/DACD info from?