MACD Scalping: Your Ticket to Fast and Easy Trading Wins! — Transcript

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1. 0:00so in this video I'm gonna show you how
2. 0:02you can incorporate the macd into your
3. 0:05trading strategy going along with that
4. 0:08unedited video that I just did marking
5. 0:10up support and resistance and
6. 0:12determining which direction the trend is
7. 0:15actually going and always trading with
8. 0:18the trend so no editing again let's get
9. 0:21into the charts I'm going to show you
10. 0:23two indicators that you can use on top
11. 0:26of all of that information that I gave
12. 0:28you previously that's going to help you
13. 0:30dramatically improve your trading so
14. 0:33looking at Australian dollar US Dollar
15. 0:35on a five minute time frame the
16. 0:38indicators that I want you to put up is
17. 0:40the macd and the TMA overlay both of
18. 0:44those are going to be linked in the
19. 0:45description you could just search them
20. 0:48they're in the indicators tab the TMA
21. 0:51overlay is something that I made it's
22. 0:52free for everybody
23. 0:54basically it gives you multiple moving
24. 0:57averages and signals of engulfing
25. 1:00candles so what I have on here the white
26. 1:03line is the 21 moving average the green
27. 1:06line is the 50 moving average and the
28. 1:08red line is the 200 moving average these
29. 1:12are all smoothed moving averages I just
30. 1:15prefer them because it works well on
31. 1:17Australian dollar US dollar so as you
32. 1:21see price trading either above or below
33. 1:24the 200 that's the short-term Trend that
34. 1:27you're looking at so if it's trading
35. 1:29above the 200 always keeping in mind the
36. 1:32higher time frame Trend but if it's
37. 1:34trading above the 200 and all of the
38. 1:37moving averages start lining up and you
39. 1:40are capable of understanding Market
40. 1:43structure and higher highs and higher
41. 1:45lows basically a staircase pattern the
42. 1:48simplest way that I can explain this
43. 1:49instead of perfect higher highs and
44. 1:51higher lows just like squint your eyes
45. 1:53and see oh it's going in an uptrend it's
46. 1:55kind of making a staircase pattern I
47. 1:57could probably climb up that or I climb
48. 1:59down that so you can see that we're
49. 2:02making higher highs and higher lows but
50. 2:04as we start climbing Above This range
51. 2:06sitting above the 200 you can now see
52. 2:09that we are breaking previous highs all
53. 2:12we're looking for is breaking of
54. 2:14previous highs these liquidity grabs
55. 2:17don't matter I want you to focus on the
56. 2:20higher highs so once you get these
57. 2:22higher highs you can draw areas of
58. 2:26resistance on them right so like
59. 2:29previously
60. 2:31if you drag this a little bit lower so
61. 2:34this was the high right and then it
62. 2:35broke that so now that's the high
63. 2:39these zones you know again they're not
64. 2:42definitive lines definitive zones just
65. 2:45leave it where it encompasses a lot of
66. 2:47Wicks and a lot of the the mess so as it
67. 2:51breaks that and comes down to retest it
68. 2:53if you're thinking that oh man this is
69. 2:56probably I don't know a Divergence or a
70. 2:58reversal is probably going to start
71. 2:59trading below the 200 moving average
72. 3:02again
73. 3:03what I want you to do is now look at the
74. 3:06macd the macd is the moving average
75. 3:10convergence and Divergence right yeah
76. 3:15and so you can see on the macd you get
77. 3:18these spouts of bullish and spouts of
78. 3:21bearish
79. 3:22and as long as your price is moving up
80. 3:25and you think that it's going to use
81. 3:28this as a level of support and bounce up
82. 3:32what I want you to do is make sure that
83. 3:35your macd is red and losing momentum you
84. 3:39don't want it to be down here while it's
85. 3:42showing bullish that's a bad signal
86. 3:45you're not going to take those ever so
87. 3:48as you're getting to this level you see
88. 3:49that your macd is red and is getting
89. 3:54less red more burgundy or whatever
90. 3:57colors you want to choose at that point
91. 4:00that's when you can
92. 4:02um
93. 4:04that's when you can start looking at
94. 4:06getting into positions right big
95. 4:09engulfing candles or some sort of doji I
96. 4:13made a video about you know all the
97. 4:15candle stick formations they also have
98. 4:18indicators for that so you can you know
99. 4:20pick and choose what you want
100. 4:22but if you're looking for a swing and it
101. 4:25potentially to make a higher high in an
102. 4:28uptrend you want that macd to be down
103. 4:33and losing momentum it's very simple and
104. 4:37it helps me stay out of a lot of Trades
105. 4:40because sometimes I'll see price
106. 4:42structure because I don't have all of my
107. 4:44indicators up for whatever reason or I'm
108. 4:46on my phone
109. 4:48and I see a low being formed and I'm
110. 4:50like cool I want to short it and then I
111. 4:53see that you know the macd is
112. 4:56red and then Crossing up well okay I
113. 4:58should go in a long position this is
114. 5:00going to be a continuation
115. 5:02so these types of things are really
116. 5:05going to help you when you're
117. 5:08trading with the trend right that's
118. 5:10always the rule of thumb trade with the
119. 5:13trend and you'll win like 80 percent of
120. 5:16the time price continues in the
121. 5:19direction that price has been going
122. 5:23most of the time so use the macd use the
123. 5:26moving averages use the lower time frame
124. 5:29but always mark up on the higher time
125. 5:31frame if you haven't seen that previous
126. 5:33video that I'm talking about you can
127. 5:35watch it right here thank you so much
128. 5:37for joining me today I hope you learned
129. 5:39something I hope you got some value out
130. 5:40of this content make sure you like And
131. 5:42subscribe on your way out and we will
132. 5:44see you in the next video