February 14, 2018
Happy Valentines Day
Happy Valentine’s Day (Picture, source: Internet via Google search)
Slow But Sure
February is always a fun and memorable month for many people, today is Valentines Day. To many of young or old couples these is a very important day for them. To traders, especially for many of them either they are happy because they sell off in time, turn paper into cash. Or they are very angry because their can not sell off in time and all the paper money become vanish.
And to those whom will celebrate CNY (Chinese New Year February 16, 2018), they are very happy too. Of course not all Chinese are happy, as many have to bring home their the last year hard work money. In China, it is not uncommon that the many have to take a few days to travel home to have their reunion dinner and New Year celebration. Thereafter they would again travel a few days to return back to their work place.
Many will take the holiday opportunity to take their family out for a short trip or fun, but the queue is always a killing and no joke business , as the queue could take them a few hours before their could take their turn for. Time wasting and money wasting too some time. But, you have to experience yourself for all these.
Buy or Sell
So, what is your plan this week? Buy or Sell. To me, it is holiday. Fun time.
We are taking stock of the recent US market movement. We read the chart from different perspective. However, some of the tools is always correct, such as ABCD, MACD, MA and Support Resistance. Fibonacci levels are always an interesting way to see the market reaction.
We Said We Lost to the Robot Again
Recently, read many of the feedback and comment. We lost to the robot in Go game. We now lost to the robot in finance market trading in February. Do you find any dent to any of the Robot, sure No.
Let’s continue to study some of key indexes, such as NASDAQ composite and so on.
US Stock Analysis
IXIC NASDAQ Composite Index and Key Fibonacci Retracement Level
Take a Fibonacci swing low from August month low, you will find the price action has completed a 50% tracement, and followed a perfect 61.8% retracement. The only bonus wss the price action close back up 50%. Is it bullish or bearish now? Do you know? I don’t. I will suggest you monitor the price action for the next couple of days to see how the market react to these level.
Do you think the Robot know? No, the Robot would not know. Unless same information has stored in its database before the trade happened, or the February correction happen.
I have not trade long enough to know there were such a trade before this February correction. If so, the Robot win, otherwise the Robot will hang (ie the computer just do nothing, no action).
Robot Trade with No Fear
Win not their money! Lost also not their money! Fear? What is fear to Robot? To you your fear is lost all your money, all your profit.
Manage your risk!
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
February 12, 2018 NASDAQ Composite Index and ^1.8% Fibonacci Retracement
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.