- 5월 24, 2013
- 게시자: 외환 위키 팀
- 범주: 외환 거래 시스템
Understanding the chart
This is an article I wrote some time ago:
그만큼 차트 is a set of data containing information about 가격 행동 presented in a certain graphic form, ㅏ 비주얼 형태. The chart is the history of price action written in a specific picture alphabet – Candle alphabet, Bar alphabet 또는 Linear alphabet. Data containing information about price levels is sent by the broker’s server in information packs called 진드기, and drawn by a computer programme as an element of the chart. 그만큼 linear chart contains the least information about price action, because it is presented as a linear set of averaged price levels starting at the 열려 있는 value and ending at the 닫다 value of a given period of time (기간).
그만큼 linear chart shows the 경향 pretty well, 하지만, it does not show any other information, 특히, we can ~ 아니다 see the 높은 그리고 낮은 price levels in the given 기간, and it is difficult to recognize the beginning and end of each time period, thus, we cannot see the price action in this period of time. We can only see the 평균 run of the price ~에서 그만큼 열려 있는 가격, 에게 그만큼 닫다 가격.
그만큼 Bar chart and the Candle chart contain the 가득한 information ~에 대한 OHLC 수준.
그만큼 Candle chart provides a much more visualy 분명한 picture of price action in a given Timeframe. As we can clearly see, ㅏ Candle consists of three areas: the candle body (from Open to 닫다), the upper shadow, the lower shadow. From the structure of the candle, we read the 열려 있는 price level, 그만큼 높은 price level, 그만큼 낮은 price level and the 닫다 price level. 다시 말해서, we can see what the price was doing in the given Timeframe. We do not need to read the actual OHLC values, it is enough that we can see, 저것:
Ø At such and such hour, the price tested a higher level, but found some 저항 (높은) and began falling (upper shadow).
Ø The price fell down to a certain level and found some 지원하다 (낮은), and there it stopped falling further.
Ø The price turned back upwards somewhat and Closed at a lower level than the previous Candle (lower shadow).
Ø 따라서, the trend in this period of time was Bearish.
In the exact same way, we can read 각 Candle, on every or any 기간 차트.
Reading each Candle, one by one, we get the whole story, the history of the price. We see the price action. We are able to read the chart. All other indicators, suddenly, become useless, because we can read the chart itself, and we can see it all. Indicators which, in theory, are supposed to show trend, take their data directly from the charts, not from another source. Since we can, 지금, see it for ourselves on the chart, what do we need any indicators for?
Ø In the following hour, the price dropped some more, created a new 낮은 수준, 그리고 Closed lower than the preceding Candle, thus confirming the Bearish 경향.
Ø In the hour after that, the price still dropped, created a new 낮은 수준, 그리고 Closed lower than the preceding Candle. 하지만, we notice that the bodies of the last two Candles are much shorter than the body of the Candle we started with, 그래서, obviously the trend is weaker, though still there.
Ø In the still next hour, the body of the Candle is even shorter and we can see the upper and lower shadows. 따라서, the price tested a lower level, found Support, tested a higher level, found Resistance, Closed lower than the preceding Candle, so the trend is still Bearish, but the price is, obviously, consolidating.
Let us take a look, again, at the Candle we startet out with.
그만큼 높은 price level is the 저항 level for that hour – isn’t it?
그만큼 낮은 price level is the 지원하다 level for that hour – isn’t it?
따라서, what are the shadow areas of Candles, if not Resistance and Support Zones for the given period of time?
Following this trail, Resistance and Support Zones for a given Candle are nothing other than 가격 Consolidation Zones (equilibrium or balance of Buyers 그리고 Sellers) in a smaller period of time. There were still Buyers at the 열려 있는 가격, so the price went 위로. There were no more Buyers at the 높은 가격, 그리고 Sellers took over, so the price went 아래에. There were no more Sellers at the 낮은 가격, and the price started to go up again. The price went up until the 닫다 수준, 어디, again, the Sellers took over. With the help of a simple MT4 tool, the rectangle, we can draw such Zones, and we see even more clearly what is going on, 여기!
We cannot see that on the linear chart. We can, on the Bar chart, but not as clearly.
Continuation in next post due to picture limitation per post.
All of my indicator-tools have been designed in order to assist the Forex Trader in the process of learning Price Action and
the Supply/Demand Trading concept on demo accounts.
Any other usage of these indicator-tools is solely at the risk and responsibility of the individual Trader.
As with any tool, the proper usage depends on proper training and experience.
Any tool can be used in the occasional amateur style, the proffesional skilled craftsmen style, or the artists style!
그리고, as with any other tool, it can be missused, 또한.
It is the investor/trader who makes the final decisions and judges or diagnoses the potential,
and it is the investor who is the amateur, the proffesional skilled craftsman, or the artist!
Just like the manufacturers of the simple hammer can not take responsibility for the effects or damages
arrising from using their simple tool, the creator of the tools presented herein can not take any responsibility,
whatsoever, for the effects or damages arrising directly or indirectly from using theForex Trade Supporting tools.
Loss or Profit in Forex Trading is the sole responsibility and sole risk of the investor/trader, and has nothing to do,
whatsoever, with any available tool, indicator or other computer programme.
There are a number of different factors, other than the tools themselves, which lead to success or failure in any trade,
including Forex Trading. It is extremely important to understand, that it is the investor’s ability to make the right decisions
at the right moments which lead to success, and the tools, no matter how fantastic, are only the Supportive Aid,
and not the decisive factor.
It is strongly advisable to thoroughly learn Price Action in Day Trading by Dadas as explained in this thread,
before applying the tools to your charts and trying to use the concept.
Attached, some helping tools.
Custom_Zone_Candle_with_Index.mq4 45 KB | 1,494 다운로드 | 4월 업로드 11, 2013 5:23오후
Custom_Zone_Candle_with_Index.ex4 38 KB | 891 다운로드 | 4월 업로드 11, 2013 5:23오후 Multi_Zone_Candle_OHLC_Lines.mq4 35 KB | 1,285 다운로드 | 4월 업로드 11, 2013 5:27오후 Multi_Zone_Candle_OHLC_Lines.ex4 33 KB | 863 다운로드 | 4월 업로드 11, 2013 5:27오후 Daily_Range_Stats.mq4 16 KB | 755 다운로드 | 4월 업로드 25, 2013 9:51~이다 Daily_Range_Stats.ex4 19 KB | 505 다운로드 | 4월 업로드 25, 2013 9:52~이다
