June 24, 2017
SLB Schlumberger and MACD Cross Down Signal
Picture worth a thousand words.
We see the price action crossing from the top left corner to the bottom right, price action trapped inside the channel we draw. It is a clear down trend for now. At the for the entire 2017, up to now.
The key here is we want to illustrate MACD signal. What have you find on the MACD? We see a MACD cross down signal. It is quite clear that at least for the next few days, the trend might be deeper.
But, since the MACD is below the zeroline, so far below. Unless the price action is so emotion that it must be even lower. Otherwise, the price action might be ranging. But, don’t trade what you think, and trade what you see. Watch out. Watch the stock price action in the next few days, weeks and months.
When the oil price get better? The exploration get active again. The emotion might be very different compare to now. Have fun!
June 22, 2017 Schlumberger and Channel and Trend
Risk
If you can wait, remember professional likes to wait for retracement. This will minimize the risk, as your stop loss will be smaller. So, picture worth a thousand words. In this case study, if you wait for pullback, you will have a handson gain; you can enjoy a big move in short time. Waw!
Professional Try Not to Buy and Sell Higher!
Professional trade on retracement.
What if you thought you miss and you jump in. You may be ended up you can not sleep for a days. … As you might be buy high and expecting to sell higher.
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.