30 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
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The analysis is not for everyone. One key in trading is to how to manage your emotion. You thought could change your trading results. Manage your risk.
This not a site for those just want to know, buy or sell. We don’t provide you the buy or sell information, we provide you the thought you can decide and take responsibility.
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) DBS Group Holdings and Ichimoku Cloud
Ichimoku Cloud is a great trend following strategy tool. It can be used in any market, any timeframe and any financial instrument. Ichimoku indicator suggest to trade in the trend direction. But, as you know, in trading, there are many ways to make money. There are traders, professional trader trading trend reversal. So, choice which side you are standing.
We see price action emerge from the cloud and stay above. Bull trend. Price action goes from bottom left below the cloud to the top to the right and above cloud. Price action has used the cloud as support. Remember, buy support sell resistance. It is wise to wait for price action to draw near the cloud and get supported by you buy.
Price Action now is supported again. Remember to wait for confirmation before take action. And when we are not sure, our practice is stand aside and wait. We see Tenkan Sen (green) again zigzag with Kijun Sen (red). Trade what you see.
Picture worth a thousand words.
Remember, we just read what the chart said. We do not and can not personalize the price action to your liking. Have fun!
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) DBS Group Holdings and Support Resistance
Study D05 price action, price action goes from low to high, from bottom left to top right. If we use the month high low to help in finding good or strong support resistance. We will find a key level, or zone price action has been supported.
Price Action has jumped from one support level to the next one. The first one is very strong, as it was four months low. The second only has three months low. Trade what you see. Mange your risk.
3) DBS Group Holdings and River
Price Action is pointing to between two and three o’clock direction, price action is bull bias. See chart, we see the trend is slopping up and up.
Moving Average is a great visual tool. Raghee uses high, low and close of 34 EMA to form a band, we called it River to determine the wave direction. Price action goes from below 34 EMA to above River.
River is a great support resistance tool too. Catch the support to find the entry. Remember to reduce risk by buy support and take profit to sell resistance.
For H M Gartley’s fan, you probably spot ABCD patterns.
Manage your risk.
4) DBS Group Holdings and GMMA and Woodies CCI
Study D05 price action with GMMA and Woodies. Price action goes from low to high, from bottom left to top right.
It starts from price action and Fast MA (green) from below to above Slow MA (red) and stay above.
From Woodies CCI, price action continues to go higher. But, Woodies CCi is forming lower high. Divergence. Price Action might be topping. Trade with eyes open.
Mange your risk.
5) DBS Group Holdings and MACD Divergence
We study price action we see MACD Divergence, price action continues to go higher, but MACD begin to form lower high and MACD Histogram to form lower high. So we expect a reversal is going to happen. But by now everyone has learnt that MACD Divergence is like a traffic light, you don’t stop at every traffic light. So, be the MACD Divergence. The price action may not pullback. But topping signal has now showed.
Trade what you see. We are looking for bear signal, and confirmation. MACD cross signal is a good indication to lookout for.
So, read the information you can get from the chart.
Remember, we just read what the chart said. Have fun!
Don’t play play with MACD indicator. Very simple yet powerful.
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.