18 September 2022
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com. The last posting was at 8 August, 2022.
If There is Only One Chart. This is It!
The Moses Power Stock Chart.
Picture worth a thousand words. Trade what you see!
We Only Believe – Buy Support or Sell Resistance.
Gold
Some say when market is uncertain the demand of Gold will increase. True or true?
Anyway there is a lot of uncertainty in the current market, with the war and super power struggle for more power. But, before any new financial instrument, such as cryptocurrency, the stocks, gold and oil continue to be on the spotlight.
We study the stock chart using GMMA, Woodies CCI, MACD, River, Ichimoku Cloud, Bollinger Bands and Moving Average, and wave patterns with the price action.
Moving Average is a great visual tool. MACD indicator is a easy to understand indicator. Support and Resistance is important and fundamental tool for buy sell.
When the price action continue to move higher but MACD is weaker, the price action may be change in direction. The opposite is true too, when price action is weaker, forming lower low but the MACD or MACD Histogram is forming higher low. Price action is also may be change in direction.
But remember indicator is like traffic light, it only provides you a heads-up for the possible upcoming change.
Manage your trade.
Just One Chart
1) Gold Price Action from 2003
1900 USD was the Gold price in 2011, it took almost ten years for price to retest the peak again. In 2020 Gold price breakout above 2000 USD. But the price fail to continue to go higher. The price drop below the 2011 high. Gold price once again in 2022 to test the 2000 USD. But, same like 2020, it fail to hold above 2000 USD.
Now the Gold price is at 1671.
Do you think the Gold price will retest the 2000 USD, to from the triple top. Base on the cycle, from the last peak, there is still time for you.
Manage your risk.
Remember to buy support and sell resistance.
2) Gold Price Action and Ichimoku Cloud
Gold price is currently supported by the Ichimoku Cloud.
3) Gold Price Action and MACD
4) Gold Price Action and Bollinger Bands and Moving Average
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is meant to be used for learning buy or sell signals. We do not recommend for any particular stocks. If particular stocks of such are mentioned, they are meant as a demonstration of Amibroker as a powerful charting software. Amibroker is a charting software, it can program to scan the stocks for buy and sell signals. Or backtest for any trading strategy or technique.
We post script generated signals. Not all scan results are shown here depending on selection criterial. 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.