For me swing trading starts with identifying the his and lows…pure price action…i then employ my strategy after…. So after price makes a higher/lower high… i then take buy and sell signals after and confirm with price volume indicator….
"And I've never used the crossing of the lines as an indication on anything." To each their own but at 9:23 when you showed them, the crossing of the lines would have gotten you into a long trade at the same spot without having to waste your time or deal with the uncertainty of looking for silly divergences.
Letting recency bias dictate strategy.....will never be a good strategy. Buying a cross would have also had you buying the top of the move on the left side of the chart. Quantitative work shows no edge in simply buying and selling crosses. If you have data covering years of chart moves that shows otherwise, I would love to see it. 👍
An absolutely excellent video. Thank you Sir 😊
Glad you enjoyed it!
lots of great common sense advice, thank you sir! Very refreshing after watching so many videos full of flash , hype & fluff.
For me swing trading starts with identifying the his and lows…pure price action…i then employ my strategy after…. So after price makes a higher/lower high… i then take buy and sell signals after and confirm with price volume indicator….
This is a gem.
Michael really knows how to make money and do it really good
This is great and valuable information thank you
You are very welcome
Amazing content!!
Keep up the good work. 🔥🔥
Grat video, thank you man
No problem 👍
Very good and easily understood video
Glad to hear that
Great vid 👍🏻
Thank you!
You're welcome!
"And I've never used the crossing of the lines as an indication on anything." To each their own but at 9:23 when you showed them, the crossing of the lines would have gotten you into a long trade at the same spot without having to waste your time or deal with the uncertainty of looking for silly divergences.
Letting recency bias dictate strategy.....will never be a good strategy.
Buying a cross would have also had you buying the top of the move on the left side of the chart. Quantitative work shows no edge in simply buying and selling crosses. If you have data covering years of chart moves that shows otherwise, I would love to see it. 👍
3 10 16 setting ?
Yes. If using the MACD, make sure to use the SMA for the settings if you are able to adjust that.
Has anyone tested this strategy with success?