October 23, 2017
September 30, 2016 NYSE Composited Weekly and MACD
Have You Seen These Posting Before?
Google (search) to see some NYSE charting. See our past analysis on ^NYA. In fact, we have always remind the readers, all setup can fail. This is the fail example. Let us study the updated chart on this posting. Read the comment on the chart and understand how to read the chart in future. Have fun learning.
Many of the analysis, when now look back. We just wonder how we dare to make such comment.
However, whatever we read the chart are using what we learn from our teacher on the technical analysis. Have fun!
Is there a holy grail (the cup or platter used by Christ at the Last Supper) in trading? I don’t know. Many be there is.
Remember, all setup can fail.
There is no right no wrong, and all set up can fail.
Lesson Learnt on NYSE Composite Index MACD Divergence Fail
Picture worth a thousand words, see chart. In the big trend, the setup fail. However, if you read our posting on the bar by bar analysis, it was correct. But the bearish trend just too short.
October 20, 2017 NYSE Lesson Learnt – Fail MACD DIvergence
^NYA | NYSE Composite Charting | Bulls Are Weak | AmiBrokerAcademy
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.