August 26, 2017
Non-Random Walk
Repeating some of the old movements, or patterns. This is an important skills for a technical analyst. The important knowledge of these observation to the trader and investor can not be diminished even with the algo trading. We see the forecasting chart patterns on the chart over and over again for the past eigthty years (since 1920s or 1930s).
Do not forget the best computer program still written by human being. Without human being there isn’t the computer, the great program. The only different from algo trading verse the human trading is the speed.
When you are scalping, we do not care so much on random walking or non-random walking.
Hong Kong Hang Seng Index Charting
See chart for more, picture worth a thousand words.
Index, HSI amy be retest the same high again soon. And two things can be happened that, one the trend continue, the second the trend reverse.
In the chart below, we see an inverted head and shoulders, and we see a double top, or fail double top as the trend continue. As a trader you must prepare to see a fail setup.
Note:
A said before, over here (mean the web site) we do not just analyse chart, we also bring to you some idea you may already know. Or something which is totally new to you. We give you an opportunity to research into the new idea or knowledge (to you) in your spare time. Google is a good place to start.
August 25, 2017 Hang Seng Index Charting
^HSI Hong Kong Hang Seng Index and Channel
Picture worth a thousand words. See chart for more.
Can you see the bearish trap?
August 25, 2017 Hang Seng Index and Channel
^HSI Hong Kong Hang Seng Index and Channels
Picture worth a thousand words. See chart for more. We break the channel into a shorter period. see chart below.
August 25, 2017 Hong Kong Hang Seng Index and Channels
Thanks for visit the site here. You could also find free MACD scan here in this site too.
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.