25 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
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Many don’t like our style of analysis. The analysis is not for everyone. One key in trading is to how to manage your emotion. You thought could change your status in a split of a second. Many can relate, but many do not. 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) Microsoft Corporation and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool, can use in any market and any timeframe. Ichimoku indicator emphasize to trade in the trend direction. We see price action emerge from the cloud and stay above. Bull trend. Read the chart price action goes from bottom left below the cloud to eventually close on top of the chart and above cloud. Price action has bounced above the cloud. Remember one thing, buy support sell resistance. Price Action now is at resistance, not sure. When we are not sure, our practice is stand aside a wait. We see Tenkan Sen (green) after zigzag with Kijun Sen (red) and finally stay above and continue to stay above. Trade what you see.
Ichimoku is a great visual tool too, to help in avoid trading in the wrong direction.
Besides that, Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Ichimoku is an indicator that gauges future price momentum and determine futures areas of support and resistance. Price Action is currently well above cloud and far apart.
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) Microsoft Corporation and Support Resistance
Study Microsoft Corporation 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 the support resistance. We will find a key level, or zone price action has resisted and supported by the key level.
Trade what you see. Mange your risk.
Microsoft Corporation and Quarter High Low Support Resistance
If you decide to use the quarter high low to find a strong level, you will find a similar level. Remember to buy support and sell resistance. Have fun!
3) Microsoft Corporation and River
Price Action is pointing to One o’clock direction, price action is very 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 to determine the wave direction. Price action goes from below 34 EMA to above River. Occasionally, price action deep below the RIver, very quickly go above again. Price Action has gone higher
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.
Manage your risk.
4) Microsoft Corporation and GMMA and Woodies CCI
As we said in the above Ichimoku Cloud analysis, we ask you to stand aside when you are not sure. Study MSFT 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 bottom 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) Microsoft Corporation and bollinger bands and moving averages
Price Action and moving averages:
MSFT, Microsoft Corporation price action has closed above its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND above long time (100) moving averages.
All three 20, 50 and 100 MA are wide apart, and above longer time (200 period) moving average.
Bollinger Bands:
MSFT, Microsoft Corporation price action has closed below upper band.
Bollinger Bands are narrower than normal, see chart.
The narrow width of the bands does not suggest anything volatility.
Mange your risk.
6) Microsoft Corporation 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!
But. don’t play play with MACD indicator. Very simple yet powerful.
7) Microsoft Corporation and Intel Corporation Correlation
We could find both stock price goes the opposite direction at the last few months. Will similarity on the bull and bear happen again? Will see.
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.