6 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We will use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze price action. We also analyze crypto currency price action. See our posting for Bitcoin and other popular cryptocurries.
What we do is to translate price action chart into layman language for you to understand, ie Picture worth a thousand words. You can learn this too. All analysis read the price action chart differently. It is just like an essay, all reader will have different conclusion.
Trade well.
Olympics
Japanese stock investors talk up benefits of shelving Olympics. There are two sides of the coin, win or loss. Some say yes, but other say no. Same, for stock, if price action does not goes up, the price action will come down. Trade what you see.
Don’t follow the wrong guy. Others run Olympics your also wanting to run. Others benefit from it, and you get into unnecessary investment. Don’t play play and like a fool.
1) ^N225 | Nikkei 225 Index and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. We see Tenkan Sen trending up from last November till February this year. In between, Tenkan cross below Kijun fail a few times. Bull trend has ended in February this year, as Ichimoku cloud begin to go sideways.
Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Price Action after test the high and pullback and close below cloud. Price Action now stay inside cloud, ie sideways.
Trade what you see.
Manage risk is a key in trading.
Moses Free Charting
2) Nikkei 225 Index and Support Resistance
Price Action goes from low to high and pullback. You can see price action goes from bottom left in last December to top in February and pullback. However, the price action fail to go higher in February. From the box, the month high low last December is the most volatile month.
We use box to box month high low to find a key level. See chart. We have plotted two strong levels. Can the support hold the price action? Will see.
Trade what you see. Manage your risk.
3) Nikkei 225 Index and River
Moving Average is a great visual tool. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. Price action is currently close below 34 EMA and 34 EMA slopping down, bear trend? Trade what you see.
Down trend seems strong, price action close below River. River cross draw near 200 MA, but still far from dead cross. Price Action trapped between Fast (34 EMA) and Slow (200 MA).
Manage your risk.
4) Nikkei 225 Index and GMMA and Woodies CCI
Price Action and Fast MA (green) crosses down under Slow MA (red), Fast MA (green) and Price Action both stay below Slow MA (red). Price Action is resisted by Fast (green). Can the price action retrace above Slow MA (red)? Will see. Trade with eyes open.
Slow MA (red) from open to squeeze. Means what?
5) Nikkei 225 Index and Bollinger Bands and Moving Averages
Price Action and moving averages:
^N225, Nikkei 225 Index price action has closed below 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.
20, 50 and 100 MA are twisted together, and three MA, 20, 50, and 100 are above 200 longer time MA.
Bollinger Bands:
^N225, Nikkei 225 price action has closed above bottom band.
Bollinger Bands are narrower than normal.
In addition, can you also spot an ABCD wave pattern.
Manage your risk.
6) Nikkei 225 Index and MACD
We see price action continues to go higher next we see price action forms three lower low. Remember all these can not come without any signals.
Don’t take MACD Divergence lightly.
7) Nikkei 225 Index and Dow Jones Index Correlation
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.