May 4, 2019
May 1 is a public holiday in Singapore. Here, the nation celebrate Labour Day today.
Welcome!
Welcome to AmiBrokerAcademy.com. Thanks for visiting the site.
We are just like any trader, we learn from the guru, we try to master their teaching. We do not invent any trade strategy, as we do not have that kind of inside. We keep practice the strategy we are familiar. So, if you find the method are similar to what you know that is not surprise.
When you find some strategy you are not familiar, that is okay too. As you may have not come across the strategy.
Have fun!
^XOI NYSE ARCA Oil and Gas Index Stock Charting
Study NYSE ARCA Oil and Gas Index stock chart and MACD.
See chart, picture worth a thousand words.
To help in seeing sideways, box is a very useful tool. When majority of the price action stay within a box, this is very clear cut that the price action is sideways.
In our example, we see price action has two sideways movement. See chart.
When you study more closely, you will see the sideways is four months or more.
When may also recognize there is a ABCD pattern down for the.
Trade with your eyes open.
Moses Stock Observation
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.