Can you do your own trade analysis? Yes, you can after you have learn the technical analysis and using a powerful charting software, like AmiBroker charting software.

Many may trade on market news and fundamental analysis. But how many have really read and the understand the company financial report or have checked the company profile? Besides that by the time you get the good news you are likely to miss the rally. So, why chase. Or, do you dare to chase when the price has moved so far away. The right approach is you should anticipate the move through technical analysis. Plan your trade and trade your plan.

Why don’t you do your own analysis using a good charting software? A charting software depending on two things; historical price and volume. A good charting software equips with all the indicators and allow you to draw your own study. With which it can plot very nice chart showing the market trend.

You may start with using support and resistance. Support and Resistance Analysis is the most powerful method that gives you the buy or sell signal. Buy at support or break of resistance. Sell at resistance or break of support. Combine support and resistance with other indicators such as MACD divergence will give a very good buy or sell strategy.

We offer a value added Quick Start Package for you to get started with your Technical Analysis practice with AmiBroker. You can practice your MACD High Performance Setup with your favour stocks. See the example for the MACD scan results.

Example,

To identify the stocks likely to move. The following are results from AmiBroker using MACD script. These are Top 13 Singapore stock in volume showing MACD signals; a 2-day scanning results for trading close 4 September 2009 on Singapore stocks listed with Singapore Stock Exchange, SGX.

Disclaimer

The information are not meant to be used for buy or sell decision. We do not recommend particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. 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 professional course to learn MACD. Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.

Question? Can you plan your move? Yes, you can. Using powerful stock charting software and apply Technical Analysis (TA), you can analysis, plan your trade and trade your plan. This is what a professional trader does for his living. So can you? Yes, get a powerful charting software like AmiBroker and learn the TA. Practice, Practice and Practice, soon you can start plan your trade and trade your plan.

You may ask, can I use other charting software? Of course you can. As long as the charting software support those functions that you need and the data you require.

The advantages of using AmiBroker are you can save your study. In other words, you can save your lines, comments and analysis you made on your chart for future review and analysis again. You can save your portfolio using watchlist. You can review your watchlist and plan off-line without having to log in to your system, such as brokers’ platform. You can do it at anytime, anywhere as long as you have all the data download to your notebook. Besides that you are using one single system for all your brokers, as many of us maintain more than one broker for just in case. Therefore, many may recreate your study on all your brokers’ platform. This is unproductive. It creates inconsistency too, as not all brokers platform support the same functions or can save your study.

See enclosed chart for what you can plan for your trade using Singapore Straits Times Index, STI as an example. See yesterday posting Bull or Bear Rally? for more information.

Definition:

What is Support and Resistance? Support is found where price falls to this level, but then falls no further. Resistance is found where price rises to this level, but then rises no further.

What is Strong Support and Resistance? The more times the prices bounces off support and falls back from resistances, the stronger Support and Resistance levels become.

MACD, stands for Moving Average Convergence Divergence.

Disclaimer:

The information are not meant to be used for buy or sell decision. We do not recommend particular stocks, bonds, options, futures and any securities of any kind. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and the important of Technical Analysis. The information convey here is intended to provide you with basic information, methods, and strategies as education purpose. You should seek for a professional course to learn Technical Analysis. There are many other factors to be considered such as wait for market to show hands. Users must understand what Technical Analysis is all about before using it. Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.

Stock markets have rocketed up, and many are rejoicing. Are the gains transient? Can it be sustainable? A trend remains to be seen. Singapore Straits Times Index (STI, or ST Index) has climbed from 1485, from March 10, 2009 to 2659, July 31, 2009. a 1179 points higher a short (near) five months.

Other than the fundamental and many uncertainty, from the Technical Analysis, there is a critical resistance to be broken and stay broken. The index has to close up above the resistance to confirm the break. However, it require strength too to stay above the resistance and keep pushing up. Otherwise, the resistance may turn support (later). See chart for details.

Disclaimer:

The information are not meant to be used for buy or sell decision. We do not recommend particular stocks, bonds, options, futures and any securities of any kind. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and the important of Technical Analysis. The information convey here is intended to provide you with basic information, methods, and strategies as education purpose. You should seek for a professional course to learn Technical Analysis. There are many other factors to be considered such as wait for market to show hands. Users must understand what Technical Analysis is all about before using it. Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.

See chart for illustration.

Notes, this is not meant to be used for buy or sell decisions. This is to demonstrate the application of Amibroker and its capability. Users must understand what is MACD, equal distance channel and support and resistance to appreciate the chart.