27 December 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
If There is Only One Chart This is It
This is not a site that provides buy or sell signals directly. We read the stock chart bar by bar. If you understand what we read, you will get the buy or sell idea. Have fun!
Buy or Sell, you decide
Trading is very simple yet very difficult. Price is either up or down. But catch the right move is not easy. I believe many must have missed the falling knife. Now, many will be watching the topping. Can any catch the topping? Will see.
Up Down or Sideways
Trading is all probability. The price action is either up, down or sideways.
Trade what you see. Manage your risk.
Our Believe – Buy Support Sell Resistance.
1) Straits Times Index and week high low
Picture worth a thousand words. Price Action seems sideways on the December, as price action is contained within the first week high low, see chart. Price Action moves higher in the October, but the MACD forms lower high; MACD Divergence. When such pattern happened, there is a potential that the price action may pullback and goes lower. True enough that the price action close below November first week low on the last week. Thereafter, as we describe at the start the price action deep down and sideways.
See chart.
If you are a buy and hold strategist, Will you sell now or buy now? Remember only buy near support, and sell near resistance. Wait for the price action draw near either resistance or support before action.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is meant to be used for learning buy or sell signals. We do not recommend for any particular stocks. If particular stocks of such are mentioned, they are meant as a demonstration of Amibroker as a powerful charting software. Amibroker is a charting software, it can program to scan the stocks for buy and sell signals. Or backtest for any trading strategy or technique.
We post script generated signals. Not all scan results are shown here depending on selection criterial. 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.