ucsgears

Today on Myth Buster Series - TTM Waves

NASDAQ:AAPL   Apple Inc
4034 11 9
John Carters TTM             Wave, What is it? Nothing but a Bunch of MACD Histograms.

I have seen on many paid video lessons, he recommends not to use MACD , because it is a derivative of two lagging indicator. Doesn't mean it is lagging. Ironically, his Wave indicators are exactly the MACD histogram.

How did I guess the numbers, Recently, I was bored and i was watching a video from one his old video lessons, I purchased among many others. His moving averages are Fibonacci numbers and he likes them. That just makes a great filter. Then by the looks of it and the wave reaction to price + some number of iterations, you can guess the numbers.

Here we have WAVE A / WAVE B. WAVE C figured the first part - Second part of the wave (something different going on there, will not take long to burst that myth).

Again if you think its not working please post...
john f carter is marketing person,a big liar in trading industry
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So are these the B and C waves ?
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ucsgears supersid32
A & B
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Can you send me to a link that would explain your Indicator set up used for the daily time frame. I am new and find your posts to be excellent.
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ucsgears RobertRobichaux
Google - TTM waves (Simpleroptions.com) they will have plenty of free videos on this topic. This is just a trend / momo indicator.
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I was referring to what you personally have found to be of importance in trading the daily TF. If you care to share your thoughts? If not I understand.
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you'll get a lot of enemies and haters for these series :D Good...you'll have more support in any case !
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Haha, what can they do? The only reason he says dont use MACD is because you will be able to figure out.
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2use ucsgears
Especially pairing it near each other, and i wont give up MACD that easily
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Ha! Good one...he'll reinvent OSMA soon too I guess.
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