June 18, 2017
Professional trade on tracement.
Hong Kong Index or Hang Seng Index and NASDAQ Index
Can you see the different between the two? To be honest, can not really see a different.
Picture worth a thousand words.
June 16, 2017 Hong Kong Hang Seng Index and NASDAQ Index
Hang Seng Index and Channel
Picture worth a thousand words, connect the low and copy and past the line on the peak of the price action. This form a parallel channel, equal distant channel. Channel is another great visual tool for trend direction. If you see the channel is slopping up, it is uptrend. The other direction will be down trend. You can use channel to estimate the profit taking.
June 16, 2017 Hang Seng Index and Channels
Hang Seng Index and Support Resistance
Professional likes to wait for retracement. This will minimize the risk, as your stop loss will be smaller. So, picture worth a thousand words. Let wait for Index to retrace to a good support level, such as resistance turns support. This will help minimize the risk. Have fun!
June 16, 2017 Hang Seng and Support Resistance
Moses
AmiBrokerAcademy.com
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.