26 August 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
This not a site for those whom just want to know, buy or sell signals. We don’t provide, we provide you the thought. You can decide when to buy and sell and take responsibility.
Trading is all about observation, trade what you see reading the price bar by bar and not checking the 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 read the chart and project the change in price action direction. They release their thought 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 move.
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) Shanghai Stock Exchange Composite Index 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.
The theory behind Ichimoku Cloud indicator states that if price action is above the cloud, the overall trend is bullish, and if below the cloud, the overall trend is bearish.
When price action in and out of cloud, the trend is not clear. When not sure, stand aside and wait lah.
Price Action is sideways.
For those die die must trade, use cloud as support or resistance. When price action close below cloud, sell. When price action close above cloud, buy. Take profit when price action is reversing.
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) Shanghai Stock Exchange Composite Index and Price Action and Symmetrical triangle pattern
Study China Stock Index, Shanghai Stock Exchange Composite Index 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.
4) Shanghai Stock Exchange Composite Index and River
Price Action is pointing to two and three o’clock direction, price action begin to go sideways. 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. Now, price action is resisted by River.
Manage your risk.
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.