A Hook occurs when the Signal line penetrates or attempts to penetrate, the MACD line and then reverses at the last moment.
Rather than entering a position on a cross-over between the MACD line and the Signal line, wait for a Hook to occur to provide confirmation that a trend change has indeed occurred.
Let's talk about one of the best traders ever featured on market wizards, with a cagr of 337 percent (you heard it right that's annual, not cumulative) his market insights, his mindset & his trading technique.
In collaboration with @kalpeshmewada49
A thread 🧵
His name is: Amrit Sall (Unicorn Sniper)
Sall focuses on trading market-moving events, seeking to capture large gains over short time intervals—"typically only minutes"—by identifying events that signal a high probability of accelerated price swings in the anticipated direction
Sall on Markets:
There are only a handful of factors driving any particular market at any given time. It is a matter of being aware of what is relevant to a market and 'what is priced in'.