peoplewish
@Peoplewish • 19,029 subscribers
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Videos
The best technical risk on, risk off indicator in the market, especially if you’re a trend follower like me, is the weekly MACD (6,20,9). Once MACD crosses down and price loses its uptrend, just wait for the first weekly close with a MACD up cross. That’s your confirmation. You don’t need breadth. You don’t need sentiment. You don't need NAAIM. You don't need COCK data. You don't need an over complicated dashboard. You don’t need any other indicator. All of these things are noise. You only need PRICE and MACD. Don’t believe me? Go back and look for yourself across any time period, then be the judge. MACD is a timing tool. This concept applies across all timeframes, even intraday, where it helps you dial in precise entries while aligning with higher timeframe key levels. It took me five years of relentless study and commitment to continuous improvement to boil risk on down to something this simple. If you follow a system like this with discipline, and you aren’t already, your results should go parabolic. Hope this helps. Let me know if you have questions.
peoplewish56,061 Aufrufe • vor 3 Monaten
This is just a small sample of setups imo. There are so many more.
peoplewish16,935 Aufrufe • vor 28 Tagen
Funny story about the origin of chart theme for me. As many of you know, aside from Qullamaggie and a very, very select few other readings or people I’ve learned from, the vast majority of my knowledge has come from systematically studying charts day in and day out for tens of thousands of hours. The first big theme I really butchered was Quantum’s front side. I didn’t miss it completely. I actually got long QUBT on 11-04 and 11-05-24 after that offering, but had well over a million shares and shook myself out during the violent candle the following day. I didn’t realize chart theme at the time. I didn’t have the slightest understanding of it. I didn’t understand that RGTI, QVTS, IO, and Q all had basically the same chart emerging from the same pattern on the same theme. After it was all said and done, I basically came to the conclusion that I completely missed Quantum. It should have been a 500%+ move on a 10–20% portfolio allocation.
peoplewish23,489 Aufrufe • vor 2 Monaten
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