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This is the first week I’m using MACD crossover. The result is pretty good. In the middle of the week, I got some bad results:

1. 4/17/2012 GBP/USD 1.5887 sell 1.5917 -30 -9
2. 4/17/2012 EUR/usd 1.3126 sell 1.3154 -28 -5.6
3. 4/19/2012 AUD/USD 1.03801 buy 1.03481 -32 -9.6
4. 4/19/2012 AUD/USD 1.03741 buy 1.03491 -25 -7.5
5. 4/19/2012 GBP/USD 1.6025 sell 1.6037 -12 -3.6

So overal this is is great. 80 pips profit.

Penny stock are stocks which trades for less than $5. Some saying that penny stocks are traded below $1. Penny stock is high righ, but can also reward high return. Penny stock can give you huge returns. To succesfully play with penny stock, you have to know the right strategy.
You should not use plenty of money, because it is too risky, and besides with penny stocks you can get huge returns.

If you want to play with penny stock, then you have to understand about technical analysis. See technical analysis section from this website. Understanding chart will be very essential for you to make decision. Charts can help you determine good entry and exit. Support, resistance, high price, low price, and volume can be very usefull for you investing. When a stock reach its support level, it will be hard to go down again. And when a stock reach its resistance level, it will be hard to go up again. Volume is also an important indicator for technical analysis. A huge volume shows strong direction. When a stock fall with high volume, it is a signal that the stock will go down more.

You should also use indicator and oscillators, like Moving Average, MACD, and RSI. Moving average shows average price of a security, which shows trend. MACD can shows downward or upward momentum. While RSI shows whether a security is overbought or oversold. When it is overbought, the commodity usually go down, and when it is oversold, the commodity will go up.

If you can not use technical analysis, then you can search below for services that gives report on stocks which will go up. Try searching “stock penny report” or “stock penny”.

Technical analysis is done by looking at previous price, and volume data. Technical analyst look at past chart of price and different indicator to make prediction about the future prices. The human emotion is an important aspect here. Their willingness to buy stock at a certain price will determine future price. This analysis assumes that price moves at trend, and history repeats itself. It is believed that this analysis is more art than science. Because of that, there has been plenty of critics to this analysis, due to lack of evidence of it’s performance. But it is still a popular method in the world, through its easiness. Critics also came from well known fundamental analyst, Warren Buffet. It is also inconsistant with market hypothesis, like Efficient Market Hypothesis (EMH) and Random Walk Hypothesis.
How?
The most popular method used in this analysis is support and resistance, bollinger band, moving average, momentum, stochastic oscillator and indicator such as MACD. Moving Average is the average closing price. They also look at pattern at chart like the popular head and shoulder. There at a lot of software out there which can help you with this kind of analysis.
How’s the performance?
Sometimes it works sometimes it don’t. But due to it’s activeness in trading, it has high cost transaction. So you must deduct your return with this transaction cost.
For who?
Technical is for short term player. They are usually very active in their trades. Whatever the price movement, they can go in by going long or short. This analysis is easy to do, especially by looking at charts, making is a very popular analysis.

TeleChart from Worder

The software can maintains massive stock market databank locally on your hard drive. This results in blazing speed for your custom sorts, charts and scans. You can take it with you everywhere you go – on an airplane, in a restaurant or on your living room couch.

It includes an archive of hundreds of real-life charting lessons (with illustrations that open up) built right into your system for on-the-fly learning. It’s updated daily by Don & Peter Worden to keep you current on what’s working best right now. In addition to the educational notes, you’ll can look into Don Worden’s after market report.

You can Roll your mouse wheel to zoom in & out of the chart to get detail down to the last month or pull back for a two-decade view. One click gives you instant access to the current stock’s industry WatchList, relative strength, and comparison chart. This allows you to easily get a feel for a stock’s strength within its industry as well as the industry’s overall strength while browsing charts.

Bigcharts

BigCharts has 3 type of charts: basic chart, advanced chart, and interactive chart. Like all other charts, you can see price movement and volume in a time frame. In the advance chart, you can add indicators and modify chart background. There are alots of indicators you can choose from moving average, bollinger band, RSI, MACD, Williams %R, volatility and many more. You can also change the chart display, such as background and chart size. You can add lines (Moving average) on the interactive chart.

CharTTool

CharTTool is a Stock Software product from ashkon.com. It allows you to display several technical charts of stocks, mutual funds or indices. The list of technical indicators includes Bollinger bands, price channels, moving averages, relative strength index (RSI), MACD and others. You can print multiple charts, and export historical stock quotes. Learn More CharTTool