27 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
Trading is all probability. You buy or sell from our observation.
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) Ethan Allen Interiors Inc and Ichimoku Cloud
Ichimoku Cloud is a good trend following strategy tool, can use in any market and any timeframe, cryptocurrency is one of them. Ichimoku indicator emphasize to trade in the trend direction. We see price action stay above the cloud and only pullback after peak in May. Now, price action is below cloud.
Read the price action, price action goes from bottom left to the top of the chart. After May, the price action follow the ABCD pattern begin to pullback and sink below the cloud. Remember, buy support sell resistance. You can use cloud as support or resistance. Now price action get resisted by cloud. Trade what you see.
Ichimoku is a great visual tool to prevent you from trading in the wrong direction. So, Ethan Allen Interiors price action has gone from bull to bear. For those not trading the quick in quick out approach, now is not to buy hold.
Just to recap, Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Ichimoku is an indicator that gauges future price momentum and determine futures areas of support and resistance. Price Action is currently sink below and resisted by cloud.
Remember, we just read what the chart said and think. Think think got more things. We do not and can not personalize the price action to your liking. Have fun!
Don’t play play with Ichimoku indicator. Very simple. Very powerful. AmiBrokerAcademy provides you simple and easy to understand charting. Check out more on Moses power stock chart.
2) Ethan Allen Interiors Inc and Support Resistance
Price Action goes from low to high to low again, here we use month high low to find a solid strong support resistance level. See price action get good support between 24 and 27 dollars level.
From chart, those whom they thought they miss they rush and buy at 27 dollars they got trapped. Trade with eyes open. One secret is when unsure, stand aside a wait. Always reduce risk by buy low sell high, or technically, buy support and sell resistance.
Have fun!
3) Ethan Allen Interiors Inc and GMMA and Woodies CCI
When add GMMA, you could find the green belt go on top of red belt, and green belt start to sink below red in May. Since then the green stay below red. This is the beauty of GMMA, help you to find the bull and the bear trend.
Continue to find low to buy when bull trend. Taking profit when price action get resisted.
Slow MA (red) slops up, bull. Fast MA (green) slops down and go below Slow MA is bear. Trade what you see. Manage your risk.
4) Ethan Allen Interiors Inc and River
34 EMA slops up and above 200 MA, bull trend. Price Action should also stay above the River at this point. Raghee uses 34 EMA, high, low and close to see the wave direction,
Price Action crosses and closes below River, in May. Price Action try to breakout River but fail. River act as resistance to keep the price action at bay. Price Action has tested the resistance, River a few times. River is slopping down, bear. Bear trending at the moment. Trade with eyes open.
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.