All language subtitles for 10. Examples - How to Trade EMA and MACD

Hello and welcome back to Cryptocurrency Trading Masterclass by Wealth, Education, and this video

all talk about trading the M&A makdisi for more of a real world perspective.

So if you remember, I had talked about moving average crossover and some of the the downfalls to using

them.

It's not all bad news, of course.

I mean, they do work over the long term.

The question is whether or not you are comfortable with the whipsaws and almost certainly will come

with them.

So there are some things that you can do to perhaps.

Maybe.

Smooth it out, smooth out your returns.

So since we're taking a look at moving averages in this case, exponential moving averages on a shorter

term chart, why not add the Makdisi to it?

And you can see that.

The McKirdy is added to it.

And this essentially has four moving averages and shows you the convergence and or divergence of those

moving averages.

So.

When you look at this cross over here, which also was preceded slightly by this cross over here, which

was negative with selling opportunity, as it were.

One thing that you may want to look into, remember sport resistance, that's the basis of most trading

systems and you can see that we had to worry about that there.

So the question is, was this a viable signal?

Not really.

I mean, yes, it worked in Bitcoin a little bit, but at the end of the day, it really.

As a little further to go before it breaks through support.

You know, so that might keep you out of that and quite frankly, a lot of times support resistance

should be the first thing you look at and it can be a great filler if you know, if you pay attention

to it.

So right here at the 30000 level.

You can see that we had bounced and then bounced again, well, notice this signal here.

From a very low, kind of oversold negative position, we crossed over and then we got a crossover on

the chart.

Well, both of those do suggest you should be buying.

Then on top of that, when you look at it, you know, I'm assuming way out, but we are in an uptrend.

So that is something to pay attention to as well.

Traders a lot of times would take a look at this and take a look at this and they say, OK, what crosses

here?

And it crosses there, so.

McGeady got a little overdone, you could take your profits there or.

Move your stop loss to break, even as it were, if you get in here, you probably put your stop loss

behind the most recent price action.

At this point, maybe you're to break even to your stop loss there and then you just let it run, so

that's a pretty viable way to trade this market as well.

Go ahead and go to the daily chart.

And, you know, this is basically the same trade here.

You can see that we crossed the zero line here just as we were crossing there, so that sets this up

for pretty interesting place to take a breakout trade.

Which we got.

And ended up being a long term.

I mean, if you got in there, you sit in pretty.

You've quadrupled your money, really without any leverage whatsoever.

So definitely something to pay attention to.

Let's take these off and let's take a look, since we're on The Daily Show.

Let's take a look at.

A couple of simple moving averages that.

50 in that 200.

So I'll make the 50 read.

Make the 200 black.

So you got a golden cross here, but the fact he was going in the opposite direction and that's going

to be one of your biggest problems, this was a great signal to go along.

And we got across there the moving averages, so that makes sense.

This was very flat for ages, it just really fell asleep.

And then as you look here.

You've got a zero line cross here, you back above the 50 day, Emma or Esmay, sorry.

You also cleared resistance, so once you got to this candlestick, this gave you a heads up as to what

was going to happen and then you just took off.

Something else that I would point out is these bigger moving averages, 50 and the 200, which are two

of the most common ones.

A lot of times attract attention.

You can see that there was a little bit by there and there.

So it's not a huge surprise that I mean, they have to.

But when you're in a trend, they do tend to do so.

So this is a theorem daily chart, let's take a look at the map of the initialing.

I mean.

You can see that we crossed all the way down here and then crossed again once you break above.

The resistance that was formed.

Basically, they're 500 dollars we came back.

We pulled back to retest it kind of went sideways for a while, and then you can see the Makdisi took

off, it did cross a couple of times and then started to fan out and go higher on the moving averages.

The histogram got wider.

So that was a signal.

In and of itself.

We can add the.

A couple of moving averages.

To make the 50 red.

You see, the 50 is held quite nicely.

The two hundred.

Suspect isn't going to come into play at all, really.

Other than the fact that, you know.

From a longer term perspective, it does determine the long term trend.

Once we broke back about that two hundred and then the 50 day Emma crossed back here.

You can see that the momentum shifted, the makdisi does not confirm it, but clearly the 50 starting

to come in and offer support multiple times, one to three times on the way up.

So definitely worth paying attention to now.

It's not just moving averages in the McGeady that you used to trade with, and this is especially true

with moving averages, moving averages can be very helpful to determine the trend.

You know, you're obviously in an uptrend, potential support.

But as we go through this course, we'll talk about patterns and candlesticks that.

You will use based upon support or resistance, the 50 day Emma, for example, and then a candlestick.

Or a pattern that suggests that we're going to find buyers there and then that we have a confluence

of two or three or four things possibly.

So moving averages are important, but they're not the be all end all, and I do not want you to think

that you.

Just because the moving averages has crossed over the other one, that you should just jump right into

the market, there's a lot more to it than that.

But it is a common technical analysis tool that you should be aware of.

In the next video, we'll talk about trading based upon volume.