AmiBrokerAcademy.com

3 August 2021

Welcome!

Welcome to AmiBroker Academy dot com, amibrokeracademy.com.

This is not a site for those just want to know buy or sell signals, 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) OCBC Oversea-Chinese Banking Corporation and Ichimoku Cloud

Ichimoku Cloud is a trend following strategy tool, can use in any market and any timeframe. Ichimoku indicator emphasize to trade in the trend direction. We see price action emerge from the cloud and stay above. Finally, price action pullback into cloud again. From bull trend to sideways. Price action has bounced above the cloud. Remember one thing, buy support sell resistance. Price Action now is at resistance, not sure. When we are not sure, stand aside and wait.

We see Tenkan Sen (green) after zigzag with Kijun Sen (red) and finally stay above and zigzag again. Trade what you see.

Remember, we just read what the chart said. Have fun!

2) Oversea-Chinese Banking Corporation price action chart

We use a line chart. Study OCBC stock price action, price action goes from low to high, from bottom left to top right. If we connect the low to add a trendline, copy and paste the trendline to the peak. You will realize the price action trapped within the two trendline, or we called it equal distance channel.

If you observant enough, you will see the price action get support or resistance from the equal distance channel. So, I way to trade buy support sell resistance is to wait for price action to draw near the bottom trendline to buy. And wait for price action to reject by the upper trendline. Of course, you have to wait for confirmation before take action.

Trade what you see. Mange your risk.

3) OCBC Oversea-Chinese Banking Corporation and River

Price Action is pointing to Two o’clock direction, price action is very bull bias. See chart, we see the trend is slopping up and up.

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. Occasionally, price action deep below the RIver, very quickly go above again. Price Action may go higher

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.

4) OCBC Oversea-Chinese Banking Corporation and GMMA and Woodies CCI

We ask you to stand aside when you are not sure. Study OCBC stock price action with GMMA and Woodies.

Bull trend, why? Price action and Fast MA (green) from bottom to above Slow MA (red) and stay above.

From Woodies CCI, price action continues to go higher. But, Woodies CCi is forming lower high. Divergence. Price Action might be topping. Trade with eyes open.

Mange your risk.

5) Oversea-Chinese Banking Corporation Elliott Wave

Price Action and waves, from Elliott Wave count, seem like price action has completed the five waves.

Mange your risk.

6) OCBC Oversea-Chinese Banking Corporation and MACD

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. We are looking for bear signal, and confirmation. MACD cross signal is a good indication to lookout for.

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.