24 August 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
This not a site for those just want to know, buy or sell. We don’t provide you the buy or sell information, we provide you the thought you can decide and take responsibility.
Trading is all about observation, reading the price bar and not news. By the time you hear the news it is already old and become history. Why? It is very simple, remember where the news come from? It has first someone release to the news agency like CNBC, and so on. Next, someone has to read the news to you after some research and summarize. This will be few hours later, by then the price action has already done.
As for price bar, it is what the market supply and remand. When market feel that is over price, the price will drop. All this reflected on the price bar almost instantly.
Next is how to read our price bar plus using some tools, such as MACD.
Here, we simply translate price action chart into layman language. This will help you in understand the financial instrument you are trading. We believe picture worth a thousand words. So, sometimes we use less words. You can learn the price action interpretation too. Give it a tray. You may not have the same view points as us. Remember all analysis read price action chart differently. It is just like reading an essay, we will have different conclusion.
Trade well.
Trade what you see. Manage your risk.
1) BinanceCoin Crypto and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool, can be used in any market and any timeframe. Using Ichimoku indicator is to emphasize to trade in the trend direction. We see price action stay above. Bull trend. We see Tenkan Sen (green) after zigzag with Kijun Sen (red) and stay above. Next, price action close below cloud and stay below. Finally price action emerge above cloud. Trade what you see.
Ichimoku is a great visual tool to help in avoid trading in the wrong direction.
Don’t play play with Ichimoku indicator. Very simple. Yet powerful. AmiBrokerAcademy provides you simple yet easy to understand stock chart. Check out Moses power stock chart.
2) BinanceCoin Crypto and Price Action
Study BinanceCoin Crypto price action, price action goes from low to high and pullback. If we add the symmetry triangle, you could see the price action pattern, such as AB=CD.
Trade what you see. Mange your risk.
3) BinanceCoin Crypto and Chart Pattern
From a different geometry view, see below. Trade with eyes open.
4) BinanceCoin Crypto and River
Price Action is pointing to two and three o’clock direction, price action still in bull trend. See chart.
Moving Average is a great visual tool. Raghee uses high, low and close of 34 EMA to form a band to determine the wave direction. Price action goes from below 34 EMA to above River and deep down again.
River is a great support resistance tool too. Catch the support to find the entry. Remember to reduce risk by buy support and take profit to sell resistance.
Manage your risk.
5) BinanceCoin Crypto and GMMA and Woodies CCI
When you are not sure, you should stand aside. Study BNB price action with GMMA and Woodies. Price action goes from low to high, from bottom left to top and right.
It starts from price action and Fast MA (green) from top to below Slow MA (red) and finally stay above.
From Woodies CCI, price action continues to go higher. But, Woodies CCi is forming lower high. Divergence. Price Action was topping. Trade with eyes open.
Mange your risk.
6) BinanceCoin Crypto and Bollinger Bands and Moving Averages
Price Action and moving averages:
BNB-USD, BinanceCoin Cryptocurrency price action has closed above its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND above long time (100) moving averages.
200 MA longer time moving average slopping up, but 200 MA is above 50 MA.
Bollinger Bands:
BNB-USD, BinanceCoin price action has closed below upper band.
Bollinger Bands are narrower than normal.
Mange your risk.
7) BinanceCoin Crypto and MACD and MACD Divergence
We study price action we see MACD Divergence, price action continues to go higher, but MACD begin to form lower high and MACD Histogram to form lower high. So we expect a reversal is going to happen. But by now everyone has learnt that MACD Divergence is like a traffic light, you don’t stop at every traffic light. So, be the MACD Divergence. The price action may not pullback. But topping signal has now showed.
Trade what you see.
So, read the information you can get from the chart.
Remember, we just read what the chart said. Have fun!
But. don’t play play with MACD indicator. Very simple yet powerful.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
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.
We learn from many past and present great traders. Kudo to these master.