17 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
Trading is all about observation, reading the price bar and not news. By the time you hear the news it is already history. Why? Simple, where the news come from? It has first someone release to the broadcasting company like CNBC, and so on. Next, someone has to read the news to you after some research. This will be few hours after the incident.
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 using some tools, such as MACD. A simple MACD cross up signal line, is hinting there is a possibility that the price action is ready to turn up. Trading need confirmation, what is confirmation? When your receive such as bull signal, do you also get confirmation from candlesticks, support and resistance, or moving averages.
Here, we 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) BlackRock Credit Allocation Income Trust and MACD Signal
We study price action we see MACD Divergence, price action forms higher high, but MACD continues to form lower high. But, when the pullback is going to happen. As everyone by now aware that MACD Divergence is like traffic light, you don’t stop at every traffic light. So, a MACD Divergence is asking you to find confirmation of price action change. So, look out for bullish candlestick pattern and so on.
Trade what you see.
So, read the information you can get from the chart. You probably notice a MACD cross down signal, this is a signal on price action reversal. Reay to sell.
After the price action response to MACD Divergence, next you are finding the next change in price action direction. See the MACD cross up signal. Price Action ready to continue the bull trend.
Remember, we just read what the chart said. Have fun!
But. don’t play play with MACD indicator. Very simple yet powerful. We are here provide you simple stock chart, but powerful stock charting. Have fun!
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.