ucsgears

Today on Myth Buster Series - TTM Waves

NASDAQ:AAPL   APPLE INC
3180 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...
Ha! Good one...he'll reinvent OSMA soon too I guess.
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ucsgears PRO IvanLabrie
Well, as long as people buy them, He will sell another indicator. These days, indicator sales are nothing but, using a custom settings for a free indicator and list em for sale. Sad / Sick. What ever you want to call it.
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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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So are these the B and C waves ?
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ucsgears PRO 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 PRO 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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john f carter is marketing person,a big liar in trading industry
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