Learn to Fish II - Section 5 Flashcards
Enter at the _________.
Limit your risk of ________
Maximize your probability of __________.
Enter at the Bottom.
Minimize your risk of Loss.
Maximize your probability of Gains.
MACD Histogram
Most important indicator of __________
- _________ Change
- RSI
- ________
All 3 should align
MACD Histogram
Most important indicator of Bottom
- Color Change
- RSI
- Price
All 3 should align
Bottom is confirmed through the ___________change on the histogram, and the ________in the MACD lines
Bottom is confirmed through the color change on the histogram, and the curl in the MACD lines
This may occur even if the RSI is not oversold
Your entry point on the stock would ideally occur at the turn to the darker red of the histogram, as you saw the MACD curl.
Longer the time frame the more of the prevailing overall ___________ _____________
Longer the time frame the more of the prevailing overall Market Sentiment.
Shorter the time frame the more of the prevailing ___________ _____________ in the moment
Shorter the time frame the more of the prevailing Market Sentiment in the moment
Time Frames
Start with D_______/W__________
Move to ___Minute, 1 Hour, __Hour time Frame
Move to 1 Minute, _Minute, __Minute
Start with Daily/Weekly
Move to 30 Minute, 1 Hour, 4 Hour time Frame
Move to 1 Minute, 5 Minute, 15 Minute
The Further out you go the more of the prevailing sentiment overall
The closer out you go the more of the prevailing sentiment in the moment
Perfect scenario is for all of the time frames to align
In order to have the 15 - 4 hour - Daily Time Frames align, the Daily generally has to be well under ___ RSI.
In order to have the 15 - 4 hour - Daily Time Frames align, the Daily generally has to be well under 30 RSI.
1 Minute - 5 Minute - 15 Minute
Macd histogram is the most important indicator to determine _________
Macd histogram is the most important indicator to determine bottom
Bottom is confirmed through the color change on the ________, and the curl in the _______ lines
Bottom is confirmed through the color change on the histogram, and the curl in the Mac the lines
The most powerful move is when the daily, four hour and 15 minute charts lineup with the ____ at 30 or less. The more time frames that lineup the more _________ the signal.
The most powerful move is when the daily, four hour and 15 minute charts lineup with the RSI at 30 or less. More time frames that lineup the more powerful the signal.
What is a powerful use of time frames?
When multiple time frames agree on the direction of a stock.
If the Macd lines are far apart, on a downtrend, what will typically happen?
The stock will continue to trend downward. 
If you see a curl on the one minute chart, but downward pressure from the larger time frames, what would you predict would happen?
In this scenario we would predict that there might be a quick rise but also a quick collapse watching the RSI closely. In this trade you want to be in and out quickly.
Can the RSI predict a quick collapse?
Yes of Course, absolutely you can see the collapse coming girls.
