24 January 2023
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
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.
2023 Forecast
Look left and trade right.
There are many uncertainty last three years. After all the market is not too bad. Do you agree?
There are too much uncertainty in the current market. The market is always uncertain. With the war and super power struggle for more power. Plus having player like, Elon Musk wanting to prove he is a “hero”. Wanting to buy up the big big ticket. … But who care?! Just trade what you see.
We study the stock chart using price action plus sometimes GMMA, Woodies CCI, MACD, River, Ichimoku Cloud, Bollinger Bands and Moving Average.
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) Singapore Stock Index – Straits Times Index
Look left and think right, for sixteen years, ST Index has moved between 1500 and 3900.
Remember to only buy support and sell resistance.
Those buy and hold traders will probably had their heart attack many rounds. Price Action has crashed from the peak at 3900 points to 1500 points in less than sixteen months. Many whom forgotten buy support and sell resistance probably had bought near the peak.
What is the outlook for 2023? Probably will stay within the range of 2200 points and 3500 points for awhile before become better or worst.
Manage your risk.
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.