Checkout my Micro Pullback PDF here: https://warrior.app/mini-lesson-download
Want to use the same scanners and breaking news as Ross, plus get his entire low latency stream each day? Day Trade Dash is available for Warrior Pro All Access members via Warrior Trading (which also includes courses, mentoring, and more) at https://www.warriortrading.com/warrior-pro-info/ or as a standalone software service (just scanners and news, with the stream available as an add on) via Day Trade Dash https://www.daytradedash.ai/features
Overview
The MACD ("Moving Average Convergence/Divergence") is a trend following momentum indicator that shows the relationship between two moving averages of prices. The MACD was developed by Gerald Appel, publisher of Systems and Forecasts.
The MACD is the difference between a 26-day and 12-day exponential moving average. A 9-day exponential moving average, called the "signal" (or "trigger") line is plotted on top of the MACD to show buy/sell opportunities. (Appel specifies exponential moving averages as percentages. Thus, he refers to these three moving averages as 7.5%, 15%, and 20% respectively.)
Interpretation
The MACD proves most effective in wide-swinging trading markets. There are three popular ways to use the MACD: crossovers, overbought/oversold conditions, and divergences.
Crossover:
The basic MACD trading rule is to sell when the MACD falls below its signal line. Similarly, a buy signal occurs when the MACD rises above its signal line. It is also popular to buy/sell when the MACD goes above/below zero.
Overbought/Oversold Conditions:
The MACD is also useful as an overbought/oversold indicator. When the shorter moving average pulls away dramatically from the longer moving average (i.e., the MACD rises), it is likely that the security price is overextending and will soon return to more realistic levels. MACD overbought and oversold conditions exist vary from security to security.
Divergences:
A indication that an end to the current trend may be near occurs when the MACD diverges from the security. A bearish divergence occurs when the MACD is making new lows while prices fail to reach new lows. A bullish divergence occurs when the MACD is making new highs while prices fail to reach new highs. Both of these divergences are most significant when they occur at relatively overbought/oversold levels.
Calculation
The MACD is calculated by subtracting the value of a 26-day exponential moving average from a 12-day exponential moving average. A 9-day dotted exponential moving average of the MACD (the "signal" line) is then plotted on top of the MACD.
Information was from the eSignal description of MACD, and was derived, Technical Analysis from A to Z by S.B.Achelis
Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/strategy/ 📈
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
Wondering what I think the All Star Day Traders out there have in common? 🏆 Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Want to use the same scanners and breaking news as Ross, plus get his entire low latency stream each day? Day Trade Dash is available for Warrior Pro All Access members via Warrior Trading (which also includes courses, mentoring, and more) at https://www.warriortrading.com/warrior-pro-info/ or as a standalone software service (just scanners and news, with the stream available as an add on) via Day Trade Dash https://www.daytradedash.ai/features
Overview
The MACD ("Moving Average Convergence/Divergence") is a trend following momentum indicator that shows the relationship between two moving averages of prices. The MACD was developed by Gerald Appel, publisher of Systems and Forecasts.
The MACD is the difference between a 26-day and 12-day exponential moving average. A 9-day exponential moving average, called the "signal" (or "trigger") line is plotted on top of the MACD to show buy/sell opportunities. (Appel specifies exponential moving averages as percentages. Thus, he refers to these three moving averages as 7.5%, 15%, and 20% respectively.)
Interpretation
The MACD proves most effective in wide-swinging trading markets. There are three popular ways to use the MACD: crossovers, overbought/oversold conditions, and divergences.
Crossover:
The basic MACD trading rule is to sell when the MACD falls below its signal line. Similarly, a buy signal occurs when the MACD rises above its signal line. It is also popular to buy/sell when the MACD goes above/below zero.
Overbought/Oversold Conditions:
The MACD is also useful as an overbought/oversold indicator. When the shorter moving average pulls away dramatically from the longer moving average (i.e., the MACD rises), it is likely that the security price is overextending and will soon return to more realistic levels. MACD overbought and oversold conditions exist vary from security to security.
Divergences:
A indication that an end to the current trend may be near occurs when the MACD diverges from the security. A bearish divergence occurs when the MACD is making new lows while prices fail to reach new lows. A bullish divergence occurs when the MACD is making new highs while prices fail to reach new highs. Both of these divergences are most significant when they occur at relatively overbought/oversold levels.
Calculation
The MACD is calculated by subtracting the value of a 26-day exponential moving average from a 12-day exponential moving average. A 9-day dotted exponential moving average of the MACD (the "signal" line) is then plotted on top of the MACD.
Information was from the eSignal description of MACD, and was derived, Technical Analysis from A to Z by S.B.Achelis
Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/strategy/ 📈
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
Wondering what I think the All Star Day Traders out there have in common? 🏆 Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Ross, i’m sure you are aware, after many years of experience teaching by sharing your experience, how helpful it is for all traders; but for the overly passionate ones that consider the value in competitive advantage, your sharing then becomes lifeline. I encountered this episode on MACD, and only by happenstance, focused through YT algos, provided a breakthrough💡event for me. And as more than many, if not virtually all, of the material you offer are so well-thought out with pride in your product of service through your many vehicles; it, for me, then becomes it makes sense that my breakthrough moment you provide becomes commonplace. And although this eventful insight proves to be a “false breakout” of an envious kind; the material value it offers is just the same, either way. So right back at you, “its not you Ross and WT, its me,” since conception of my 6mo trading journey (4mo SimJourney, and my 1-5mo Real$ Live, journeys therein) my ownership it continued overclocking of lms teachings proves me to be the culprit in my own lack of resultant profitability. As a late bloomer to acting on metric analysis, placing myself in higher degree probabilities becomes siffice-it-to-say the appropriate diagnosis to an ill-appropriated decision that lacked that insight to a “false breakout” attribute consideration. And like always, into continuity i trust, i send my appreciation for finding your mastery in technique, prideful care to your desired responsibility in servant leadership that still provides too for the “liquidity” of engaging pupils in aptitude for discovery. Your way in supplementing what could already be coined in for practical purpose, is of genius inuition! Thank you Ross and Warrior Trading!
Giving context to a great indicator. This is all so common sensed to the trader that understands the real importance of an indicator like this. Still can't predict the future but it's path becomes a little more clear. Thankyou
Hey ross i watch your videos everyday i would love to meet you in person bro to change my life, cause i've been trading for a little while i'm a beginner i'm using TD but never grew my account sometime i sell to early or hold too long end up loosing all my little profit i've made. Now i only have $1500 left in my portfolio i'm so scare to trade with it loose my job have almost nothing saved no more very frustrated and i love trading so much😢
I’ve seen a couple of comments above with respect to a Thinkorswim setup. I’m currently in the two week trial and wanted to use this feature, just getting into simulators. Can you provide instructions on how to create this indicator on TOS? Thx!
Thank you for another excellent video! I'm not seeing how to make my MACD indicators on Webull and Fidelity to look exactly like what you have here.
what platform is that?
At one time, I would say using the MACD would help. Once I learned to read price action, I no longer look to indicators for help. All the data you need is right there in the candlestick price action in real time.
Hi Ross I have a few questions hope you can answer this:
What do you think about "FOOTPRINT VOLUME CLUSTERS & BOOKMAP (HEATMAP)" to see the Agressive Buyers/Sellers inside each candle (Market Orders) and the Passive Limit Orders to protect a zone? Do you think this is necessary to be Profitable long term?
Some people told me that only using Technical Analisis is gambling and if I don't use the profesional tools then I wouldn't make it in trading. So this doubt is running right now in my mind and making me feel insecure with classical T.A. What if I try to combine Both techniques Would it cause Analysis Paralysis?
Thanks in Advance.
Thank you Ross. I appreciate you doing this video. 👍😎👍
Good stuff
Which platforms do you use?
this does not work in TOS and we requested couple of times how to use this in TOS even tech support could not figure out
Thanks Ross for the MACD tips. Momentum trading isn't for everyone but it sure is fun to watch.
Thank you Ross. Always appreciate your video’s
Awesome thanks.
guys , is ross using a 200 ema or sma ?
I would love to give this a try however I use TOS and I cannot figure out how lay the signal on top of the MACD :/
Ross, just by curiosity….Are you making more money from trading or from YouTube ? 🙂
Wow thank you so much for sharing this with us! I added it to my chart. Got caught in a nasty flush. I saw that you almost got caught in it also by seconds. I don't remember the ticker symbol but after I had traded and got caught in that nasty flush. I saw that you had made a video on it. Same ticker. Thank you Ross! 🤙Just looked and it was ticker tblt. Man that was nasty. Bad day for me. And I was trying to be safe by using small shares. Only had 200 shares. But the flush was so fast I had no chance. Think I lost over $600 that day. It hurt but I learned from it. You're videos also helped me. Again thank you Ross. You're an amazing trader and teacher. Peace
Where is Mike?
wish your course was affordable lmao
teacher
Thanks Ross for this video i was struggling to set mine up.
thanks
No volume today as major stock is sinking. Hopefully will get some momentum later tomorrow