Profits with MACD Course Content
Module I
Introduction
Why MACD?
Course format
Content overview
Key trading principles
Footnote - nomenclature
Module II
What is a MACD crossover? (Example 1 – bullish)
What is a MACD crossover? (Example 2 – bearish)
Three types of MACD crossover
‘Weak’ and ‘strong’ crossovers
Application #1: Anticipating MA crossovers
MACD crossover with Guppy ‘bowtie’
Application #2: Validating chart reversal patterns
123 bottom with MACD crossover
Application #3: Validating reversal candle patterns
MACD crossover with reversal candle (hammer)
Application #4: Confirming strategic support/resistance
MACD crossover confirming Trend Channel support/resistance
Application #5: Validating trendline breaks on price
MACD crossover with TDTL analysis – USD/CAD
Application #6: Confirming completion of prior price projections
MACD crossover confirmation example
Application #7: Corroborating readings on other indicators
MACD crossover corroboration example
Application #8: Drawing trendlines on MACD
MACD trendline break corroborating price trendline break
Module recap/conclusions
Module III
What is a ‘counter-trend pullback’?
What MACD does in a pullback
What a counter-trend pullback looks like
Technique #1: Spotting pullbacks with multiple timeframe analysis
Daily and 180m chart example side-by-side
Technique #2: Spotting pullback with Moving Average analysis
Spotting pullbacks with two MACD settings
Example using two MACD panels to spot pullbacks
Trading the resolution of a pullback
Trading pullbacks with MACD continuation crossovers
Trading pullbacks with validated trendline breaks
Trading pullbacks with an EMA crossover on the same timeframe
Trading pullbacks with low level signal confluence
Module recap/conclusions
Module IV
What is divergence?
Step 1: Find ‘swing points’ on MACD and/or the histogram
Step 2: Draw trendlines on MACD
Ascending tops and bottoms on MACD
Step 3: Draw trendlines on price
Connecting swing points on MACD and price to signal divergences
Slant vs. peak-to-peak divergence
What is positive divergence?
Standard positive divergence
Inverted positive divergence
What is negative divergence?
Standard negative divergence
Inverted negative divergence
Why divergence sometimes doesn’t work
Entry strategies that can be used with divergence
Entry strategy #1: First higher/lower close beyond second swing point
Entry strategy #2: Flip of histogram to opposite side of the Waterline
Entry strategy #3: Trendline break on a lower timeframe
Entry strategy #4: Moving average crossover on a lower timeframe
Entry strategy #5: Signal confluence on a lower timeframe – part A (60m chart)
Entry strategy #5 (cont’d): Part B - 15m chart
Module recap/conclusions
Module V
MACD Trend Cycle – introduction
Preface – sample chart setup
Event #1: MACD crosses the Trigger line
Chart example
Event #2: MACD attains Angle and Separation
Chart example
Event #3: MACD crosses the Waterline
Chart example
Drill-down to 180m chart to find the dip
Event #4: MACD clears the histogram
Chart example
Event #5: Histogram forms divergence to MACD
Chart example
Event #6: MACD crosses over in reverse direction
Chart example
Module recap/conclusions
Module VI
What is MACD neutralization?
What MACD neutralization looks like – DOWN move on price (part 1)
What MACD neutralization looks like – DOWN move on price (part 2)
MACD neutralization after a down move
What MACD neutralization looks like – UP move on price (part 1)
What MACD neutralization looks like – UP move on price (part 2)
MACD neutralization after an up move
Trend continuations vs. reversals
Continuation/reversal patterns
Using trendline analysis with ABC patterns
ABC up with trendline break
Using other indicators with neutralization
RSI and SMI indicators with MACD neutralization
Using trend analysis (EMAs) with neutralization
Higher level trend analysis (EMAs)
The Leg 1/Leg 2 paradigm
Reading the Leg 1/Leg 2 paradigm with MACD
Module recap/conclusions
Module VII
Standard 123 bottom pattern
Sloppy 123 bottom pattern
Standard 123 top pattern
Sloppy 123 top pattern
Primary uses of MACD with 123 tops/bottoms
Standard 123 top: Identify #1 position with MACD crossovers
Standard 123 top: Identify #2 position with MACD crossovers
Standard 123 top: Identify #3 position with MACD crossovers
Trading strategy options: standard 123 top
Drilling down to scalp the action on 123 positions – 3hr chart
Standard 123 bottom: Identify #3 position with histogram waves
Sloppy 123 bottom: Identify #3 position with MACD divergence
Module recap/conclusions
Module VIII
Top Down Example #1 – USD/CHF
Indicators used
Weekly chart
Daily chart
240m chart
120m chart
60m chart
15m chart
5m chart
Aftermath: 228 pips, 11.4 reward/risk ratio
Top Down Example #2 – EUR/JPY
Indicators used
COT chart and USD/JPY reference
Weekly chart
Daily chart
240m chart
120m chart
60m chart
15m chart
5m chart
Aftermath: 69 pips, 3.0 reward/risk ratio
Top Down Example #3 – USD/CAD
Indicators used
Weekly chart
Daily chart
240m chart
120m chart
60m chart
15m chart
5m chart
Aftermath: 148 pips, 9.9 reward/risk ratio
Module recap/conclusions
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