The Green Line Breakout Setup and Insights from 50 Years of Trading (Must Watch!)
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- Access the presentations of all 27 experts from the 2022 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com...
In this presentation, Dr. Eric wish discusses his GMi signal/indicat and green line breakout setup. He walks through how to use both of these tools effectively and provides many different examples.
Podcast: anchor.fm/trad...
Enjoy!
The TL Team
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Access the presentations of all 27 experts from the 2022 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com/YT_TLC22
This guy one one of the best you had on your show Richard, what a passion, looks like he wanna see everyone succeed.
Thanks! He's a great teacher
0:00 Introduction
10:00 Resources
18:58 GMI and Market Trend
22:00 Bear Markets
23:47 T2108 at Bottoms
25:58 Darvas Boxes
31:14 Green Line Breakouts
35:55 O'Neil Trades
43:00 Roppel Trades
47:02 GLB Signal GMCR
48:41 Stan Weinstein
50:12 Yellow Band Stocks
56:26 Weekly 10:30 Charts
1:00:00 Minervini Trades
1:05:00 TC200 Demos
1:14:00 Key Takeaways
Eric Wish is one of my main trend following instructor traders. The trading system simplicity lead me to further simplicity by exclusively only trading a limited universe of ETFs.
Amazing! You’re one of the best interviewers / students : you allowed the teacher to teach without interruption. Bless you❤
Thank you kindly!
His words are full of wisdom and his strategy is so simple but efficient. Moreover, he's so humble and gave credits to all the fellow master traders.
That was great. When he showed all the charts with the 2 lines, you could definitely see the pattern over and over. It really drives home how they look alike. It's so obvious when shows it, but in real life it's probably not so simple!😂. Great video. Thank you both!!👍👏👏👏👏
Thanks K, if you study it enough you see it in real time. Trading may be simple but its not easy
The kind of Energy Dr Wish has is unbelievable. Loved it.!
Best education I have seen in a while. Stop fighting the tide, use it to your advantage.
100% Agree!
One of my favorite interviews from the trader conference, and I watched them all. I so wish I had Dr. Wish as my college professor, such an interesting and passionate trader and teacher! Thank you Richard for what you're bringing to the trading community.
Thanks John! One of my favorites too of course.
Top notch interview! He comes across as being very humble, i respect that. Thanks Dr.Wish
He has a wealth of knowledge, and we're glad he shares it!
it is a rare thing to see experts willing and happy to share their experiences. Make the most of these rare opportunities.
Thanks! 😊
Wish I had a professor like this, love this talk.
He's a great one!
Dr. Wish is my favorite person to listen to on trading. He keeps it real simple.
This is just super. Great personalities are always humble. Thanks Richard and TraderLion you are doing to great stuff!!
Thanks!
I like that he’s been consistent for decades and still isn’t full time trading. My kind of life.
So many golden nuggets!
1000%
Spending whole day re-watching the vids from Richard and TL team, now beside the very GOATs David Ryan and MM, Imma adding 2 more into my fav traders: Pat Walker and Dr. Eric Wish. Both veteran traders with knowledge and super humility. Thanks a lot doing great work there Richard & team!
Thrilled you're finding our content valuable and adding more favorites to your list! Thanks for your support and happy re-watching!
Awesome session. Finally found the strategy for long term investment other than DCA which is not optimal in current macro environment. Thank you Dr. Wish. Much appreciation, Richard.
Thanks for watching!
Tragic! David 💔It was so funny in his last presentation how they worked together. I really enjoyed that.
What a great session from Dr Wish. Thanks for sharing his wisdom
Glad you enjoyed it!
Amazing presentation.
We agree! Glad you enjoyed it.
Dr. Wish rightly points out that Richard has done something that literally no one else has done. I’m sure it’s a fascinating story. Richard, I’m sure we’d all like to hear it.
Great professor - I would happily take an online course offered by him!
Great session by a practicing Professor, best of both worlds!
Glad you think so!
Dr Wish is the best! Need more of him!
Thank you so much. Wish I could watch this episode early.
This one was hugely important for me, thanks you so much! Going to do some backtesting with certain timeframes and see if the green line breakout works when stocks are moving to say 2-5-10 year highs aswell. Suspect that Dr. Wish would not approve but my screens are full of growth stocks nowhere near their aths. I get the issue with overhead supply but maybe that can be somewhat negated by looking at the volume profile.
Glad to hear it!
I watched this back to back with the last year presentation of Dr Wish. Its amazing that I am learning something new even though it is practically the same presentation. The only difference is there is no more David handling the slides, which is sad.
simple and easy approach to the market, thank u dr wish
Your students are really fortunate that you bring in real pros like Mark and Pat to give talks. I would have loved that way back in the day instead of being indoctrinated into Modern Portfolio Theory nonsense.
I had a major problem with stock identification... TraderLion team & richard, I'm very very grateful for this interview... This is real value and this is going to help me really a lot ❤️❤️❤️ grateful 😃
Did Cathy wood finally get out ? Lmao 🤣 Fantastic educational presentation love hearing from seasoned individuals that have been through many up and downs of the market the experience is invaluable. Thanks Dr. Wish can’t wait to buy your book ! Thanks for sharing Richard.
Thanks for watching John!
Really a wonderful session of learning from Dr. Wish 🤝
The green line works! Thank you very much guys.
Glad it helped!
Simply brilliant 👏 Thank you🎉
Glad you liked it!
Wonderful! Thanks Dr. D Wish
Glad you enjoyed it!
I have been trading now for about 4 and a half years and just now understanding to look at market highs. I have seen this video before but I didn't realize really what he is saying especially with Nick darvas to strickly adhere to market highs. I am in 3 winning trades now with 3 different stocks at or near their 52 week highs. Also learned to use the support and resistance levels to enter and a trailing stop to exit is just beautiful ❤️😍
The best stocks are the ones making new highs, leaders lead!
I love how he says you "drawer" it 😀
Does Dr Wish have a online course?
This was very interesting! It could be useful if the Prof.would share the TC2000 adjustment links what he shows in the video please. I've seen it once that it is possible with the TC2000.👌👌👏👏🙏🙏
Really good content
At around 33:05 minutes when Dr. Wish says that we should wait for a close above the GLB before buying, is he referring to a monthly close? Should a daily/weekly close above the GLB also signal a buy? Kindly clarify, thanks.
Execution is done on the Daily chart.
@@TraderLion thank you
Thankyou,😊
Now to put in action 👍
You got this!
Could someone please post a link to his class?
Amazing wisdom and video.
Glad you think so!
Is there a way to increase the reliability of the volume in terms of the actual volume vs average at the close of the day? For example, look at the volume buzz not in the first 5-min when the stock market opens but an hour later?
Volume fades over the day but you can usually tell in the first 15 minutes if it will be an above average day.
Thank you
You're welcome!
Sorry, which chapter in Market Wizards is he speaking of?
I have a question about selling. At 40:32 Dr. Wish talks about holding Chipotle from $70 to $160. Maybe I misunderstood something but when price peaked at $160 that new green line wouldn't be drawn until three closes below that peak. So wouldn't this system hold past the peak until $113, the 3rd close that created the new green bar at $160?
Amazing. Thanks.
I respect all the participants in the conferences you had, but Dr Eric Wish and Patrick Walker talk from the heart, showing everything they have, that is pure gold. God Bless Both. Minervini as a modern Nicolas Darvas, no hesitation the best with David Ryan, but also new generation Mark Ritchie II, Matt Caruso, and Brian Shannon are at the top of the game. But we wouldn't know anything of this if were not for Richard Moglen. Thanks every single one God bless all of you. "My People are destroyed for lack of knowledge" Hosea 4:6
Very kind of you carlos!
Hm show us somethjng making an "M" pattern or double top. Also now look at nvidia +50% , those two lines meant nothing crossing over
Meant nothing in this instance or in a large sample? There is no guarantees in the market, only probabilities.
Thanks
Welcome!
What's the book list at 15:30?
48:35 Stan's stages
52:00 Yellow band (growth) stocks
55:25 Weekly 10/30 charts
31:00 glb
This is actually dangerous advice to retail investor
How so?
T-2108 23:45
Where is stoploss???
An automatic sell order if a stock falls to a certain price
Show those millions of green line breakouts that were false and were loss trades. Not every green line breakout go up. Sharing handful of them sets wrong expectations
This is only one aspect of his trading style. If you considered how he trades on a whole, the odds of success are high. Sure not all GLB's will be winners, as he clearly stated, but if you looked for GLB stocks that are near all time highs during a period when the indices are in a clear stage two and the stocks are progressing above its 10-week average, and the 10-week is trending above the 30-week you're bound to make money.
You don’t trade and it shows.
Obviously trades fail and that’s YOUR JOB to handle those circumstances. He has nothing to prove to you, pick and choose what you like. Entitlement is strong in this one.
@@lilyflor70 u dnt know me and believe i dnt trade. Shows your intelligence
Decent advice but turn that man's volume down. Yikes.
🙉 sorry about that!