Thank you On to talk about macd moving average convergence and Divergence now I’m a technical Trader but I am a price action Trader in other words I only trade from what I see on price on my charts I don’t use oscillators and indicators I don’t use all of these fancy Mumbo Jumbos I look at price I look for some price trying to tell me something I look at Trends I look at support and resistance and that’s how I and I look at Char patterns that’s me other people we use a selection of indicators and oscillators now all of this falls in the field Called technical analysis I say also let’s throw that term away technical analysis let’s call it chart analysis everything we do requires a chart and anything no matter how tiny it is whether you’re drawing a line on your chart whether you’re building a circle on your chart whether you’re putting an Indicator on your chart it’s all chart analysis now lots of people ask me all the time do I think price is going to go up today dude I think they’re going to go up tomorrow what will something be worth next week what is something be worth Today do you think Gold’s going to move today do you think Bitcoin is going to go down today these all seem like seemingly simple questions but I don’t have a Ouija board or uh crystal ball and neither do you and neither do these gurus out there trying to tell you they do But the fact is need not not neither does technical analysis so if you’re attending this webinar with the hopes of technical analysis or chartinals will improve your investing experience that it will do it’s not going to give you the answers and tell you what to do that’s up to you and your Experience but nothing can tell you where a price will be tomorrow now macd was developed by Gerald arpel in the late 70s now I don’t know how many of you are old enough to be even been around the late 70s but in the 70s we had the stock exchange We had the Commodities exchange we didn’t have much else we had no online trading we had no internet and predominantly you either like me sitting on the Chicago Board of exchange and I was Trading agriculturals or you were trading the stock market but you were traded you were either Had a seat or you uh or you work for a broker or you used a broker there was no way you could directly trade place a trade so everybody used the famous stock brokers so macd was developed in the 70s so what was it developed for developed for the stock market And it was used to spot changes in the strength Direction momentum and duration of a trend of a Stock’s price now years went on and we started getting some Forex Trading we started you know a couple things like E-Trade that allowed you to trade stocks online but it really wasn’t online trading you Could place an order online that would go to your broker who would then execute time progressed the world progressed and macd progressed with it and became one of the most popular technical indicators in Forex Trading short-term trading and online trading and the fabulous thing about macd is it works for Short-term periods and it works for long-term periods now macd falls into a group of what we call lagging indicators now that’s not a bad thing we have leading and lagging indicators now it’s not like the teacher called you about your son and said he’s lagging behind the class Okay that means he’s falling behind the class but it’s also a bad thing lagging indicators which most indicators are tell you what’s already happened confirms what’s happened or tells you something has happened it doesn’t predict the future there are very few indicators that do because all the indicators out there Every one of them only has five different pieces of data you can use the open the high the low the closing volume that’s it now they can apply many different statistical and mathematical formulas and move this data around many different ways to help it you interpret it but the fact is If you need to close of the previous candle or the previous price to calculate your indicator it’s always going to be lagging now to this effect moving averages was one of the most popular and most simplest used indicator around the world problem with moving average they’re quite simple But they were also severely lagging so some mathematicians came up with what we call EMA the exponential moving average it was developed in the hopes of moving an average reducing the lag time in the moving average and making the price more responsive to the current prices now macd Is based on moving averages but it extends them even farther now it’s a relatively easy tool and the mathematics going into it you don’t ever have to calculate but we will go through them because you need to understand what each of the lines on your chart from macd Tell you and where they come from so that you can interpret the final result and make sense of it so macd starts out using a 26 and a 12 Day exponential moving average why anema because an EMA tries to move closer to a leading indicator from the lagging It’s still a lagging indicator but it reduces that lag time and gives much more weight to the most current time the most current price so let me pop up a live chart let’s take a look at this okay let’s so let me shut all this down so you’re not looking at it and Here on the top or here over price we’re looking at a 12 period moving average let’s make it darker so you can see it better and a 26 period moving average okay so those are the two light blue and darker blue lines going over top of the price chart These are the two beginning lines for moving for macd but if we were to say this is an indicator basically this is just a moving average crossover strategy using two different moving averages very simple but is not a great indicator but this is the skeleton for macd because Gerald Arpel moved this indicator many steps forward to give you a much more accurate indication now in a moving average crossover strategy we would look at the two different moving averages and every time they crossed each other would either give us buy signals or sell signals but again that’s really too basic so macd Goes a bit farther let’s just shut these down a little bit so what macd does it takes the difference between the 12 period and the 26 period symbols takes the 12 period of subtraction that’s 26 period whatever that difference is positive or negative it charts it down below Now this chart down below starts out with a zero line and there is no Borders or no restrictions on what the difference could be the difference could be very large or it can be very small but when one line crosses the other like it does on the chart here or here We have the same exact price crossing the same exact price so when we take the two exact same prices so subtract them from each other what do we get we will always get zero so whatever we see the macd line this light blue line down below crossing the zero line we know That the 12 period and the 26 period line just crossed each other here because they are zero when we see the macd line move up we know the 12 period moving average is larger than the 26 period moving average when we see it fall down below the zero line become negative we know That the 26 period is larger than a 12 because when you take the 12 and subtract the larger number you’re always going to get a negative so all of…

write 2100 words and add headings article based on this youtube script use 20 words in a sentence in maximum 25% of sentencesThank you On to talk about macd moving average convergence and Divergence now I’m a technical Trader but I am a price action Trader in other words I only trade from what I see on price on my charts I don’t use oscillators and indicators I don’t use all of these fancy Mumbo Jumbos I look at price I look for some price trying to tell me something I look at Trends I look at support and resistance and that’s how I and I look at Char patterns that’s me other people we use a selection of indicators and oscillators now all of this falls in the field Called technical analysis I say also let’s throw that term away technical analysis let’s call it chart analysis everything we do requires a chart and anything no matter how tiny it is whether you’re drawing a line on your chart whether you’re building a circle on your chart whether you’re putting an Indicator on your chart it’s all chart analysis now lots of people ask me all the time do I think price is going to go up today dude I think they’re going to go up tomorrow what will something be worth next week what is something be worth Today do you think Gold’s going to move today do you think Bitcoin is going to go down today these all seem like seemingly simple questions but I don’t have a Ouija board or uh crystal ball and neither do you and neither do these gurus out there trying to tell you they do But the fact is need not not neither does technical analysis so if you’re attending this webinar with the hopes of technical analysis or chartinals will improve your investing experience that it will do it’s not going to give you the answers and tell you what to do that’s up to you and your Experience but nothing can tell you where a price will be tomorrow now macd was developed by Gerald arpel in the late 70s now I don’t know how many of you are old enough to be even been around the late 70s but in the 70s we had the stock exchange We had the Commodities exchange we didn’t have much else we had no online trading we had no internet and predominantly you either like me sitting on the Chicago Board of exchange and I was Trading agriculturals or you were trading the stock market but you were traded you were either Had a seat or you uh or you work for a broker or you used a broker there was no way you could directly trade place a trade so everybody used the famous stock brokers so macd was developed in the 70s so what was it developed for developed for the stock market And it was used to spot changes in the strength Direction momentum and duration of a trend of a Stock’s price now years went on and we started getting some Forex Trading we started you know a couple things like E-Trade that allowed you to trade stocks online but it really wasn’t online trading you Could place an order online that would go to your broker who would then execute time progressed the world progressed and macd progressed with it and became one of the most popular technical indicators in Forex Trading short-term trading and online trading and the fabulous thing about macd is it works for Short-term periods and it works for long-term periods now macd falls into a group of what we call lagging indicators now that’s not a bad thing we have leading and lagging indicators now it’s not like the teacher called you about your son and said he’s lagging behind the class Okay that means he’s falling behind the class but it’s also a bad thing lagging indicators which most indicators are tell you what’s already happened confirms what’s happened or tells you something has happened it doesn’t predict the future there are very few indicators that do because all the indicators out there Every one of them only has five different pieces of data you can use the open the high the low the closing volume that’s it now they can apply many different statistical and mathematical formulas and move this data around many different ways to help it you interpret it but the fact is If you need to close of the previous candle or the previous price to calculate your indicator it’s always going to be lagging now to this effect moving averages was one of the most popular and most simplest used indicator around the world problem with moving average they’re quite simple But they were also severely lagging so some mathematicians came up with what we call EMA the exponential moving average it was developed in the hopes of moving an average reducing the lag time in the moving average and making the price more responsive to the current prices now macd Is based on moving averages but it extends them even farther now it’s a relatively easy tool and the mathematics going into it you don’t ever have to calculate but we will go through them because you need to understand what each of the lines on your chart from macd Tell you and where they come from so that you can interpret the final result and make sense of it so macd starts out using a 26 and a 12 Day exponential moving average why anema because an EMA tries to move closer to a leading indicator from the lagging It’s still a lagging indicator but it reduces that lag time and gives much more weight to the most current time the most current price so let me pop up a live chart let’s take a look at this okay let’s so let me shut all this down so you’re not looking at it and Here on the top or here over price we’re looking at a 12 period moving average let’s make it darker so you can see it better and a 26 period moving average okay so those are the two light blue and darker blue lines going over top of the price chart These are the two beginning lines for moving for macd but if we were to say this is an indicator basically this is just a moving average crossover strategy using two different moving averages very simple but is not a great indicator but this is the skeleton for macd because Gerald Arpel moved this indicator many steps forward to give you a much more accurate indication now in a moving average crossover strategy we would look at the two different moving averages and every time they crossed each other would either give us buy signals or sell signals but again that’s really too basic so macd Goes a bit farther let’s just shut these down a little bit so what macd does it takes the difference between the 12 period and the 26 period symbols takes the 12 period of subtraction that’s 26 period whatever that difference is positive or negative it charts it down below Now this chart down below starts out with a zero line and there is no Borders or no restrictions on what the difference could be the difference could be very large or it can be very small but when one line crosses the other like it does on the chart here or here We have the same exact price crossing the same exact price so when we take the two exact same prices so subtract them from each other what do we get we will always get zero so whatever we see the macd line this light blue line down below crossing the zero line we know That the 12 period and the 26 period line just crossed each other here because they are zero when we see the macd line move up we know the 12 period moving average is larger than the 26 period moving average when we see it fall down below the zero line become negative we know That the 26 period is larger than a 12 because when you take the 12 and subtract the larger number you’re…

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