Analyzing the chart may be part of the first confusing in forex beginners, including me at the start in business. Ceuelah business beu ... business yup! I prefer to call this forex as a business. So, I respond and do it like a business.
Many ways in which traders analyze the charts for both fundamental and technical analysis in which it is later used to conduct transactions with the open position Buy or Sell or may refrain from doing deals first. Waiting for the moment or is the term usually temen-temen ....
Where or how to analysis technique is best? I prefer to say that all the techniques or in any way in the chart that is used to analyze each trader and able to make it produce a correct decision is the best way. So if there are analyzed based on itchy nose or itchy to make a decision ata Buy Sell and proved in practice these decisions are always right, I think this is also valid he .. he .. he ... he ... Essentially all the way or a technique that analyzes a good ... no bad ...
What way I use? I use pure technical analysis ... means I only use mathematical and statistical analysis to analyze price movements. Why? because I usually just that ... huahahahahahahaha
(segini waiting well before the next post, trading would let the kitchen once ... ngebul)
Well .. to analyze the results of this analysis so that we can later use to make decisions in a transaction that we do, what should we make of our analysis? Just really simple, there are only two data we need to get from the analysis we do. Anything? First, we have a prediction where the price will move (up or down, up or down, up or down) and Second, we have a prediction to which this price will move.
Prediction? Yup ... all the results only predictions because somehow we need to realize that no one knows where prices will move and to which the price will move. But the results of our analysis of these predictions are not generated randomly .. There basically. What bottom? well matetamatis and statistical calculations or based on fundamental analysis using this technique. So in sum prediction that we will do as well as the experts in Meteorology estimate when the rainy season or summer comes with using the temperature data, atmospheric pressure, wind direction and so on. Only in forex because we will use technical analysis, we will use price data that have been formed to analyze and predict the next price movement.
Past data Lha's not anything to do with the future? (This may be common questions) .. I disagree, because I believe in the past, present and future are interconnected. For example, how we are today is the result of the past. How do we walk, how we speak, behave and even our ahlak is the result of our past. So if we want to know how we are today and where we later .. heaven or hell .. we can analyze it by looking at past and current conditions .... so about the analogy.
Where the price trend will move? or where it nih trend? Maybe it's a question we often ask ourselves when I first saw the chart. The term of this trend is often a debate traders, especially defenisinya. Well, we're not going to argue about the trend here ... uniform understanding so let me start this thread now in the "trend" we defenisikan as the price trend based on units of time .. why? because we will see time as one basis of our analysis later. clear kok .. hehehe wong on the chart there are two data cuman "price" and "time" doang .... qqqqqqqqq
So how do we determine the trend? Many do ... The easiest way is when we see a chart .. let's see the value "price" on the far left of the candle of our charts and see the value "price" on the last candle on our chart. Compare the value, if the value "price" on the left is less than the value "price" of his final ride the trend .. and its down trend if otherwise .. easy right? hehehehehehehe .. But we do not use this way is .... hi .. hi .. hi ... hi. We'll see the trend mathematically ...
Well, we'll see the trend by using data available on the chart that we use. What are the data that's available on our chart? Existing data on the course we chart containing only the price data and time. For example in Time Frame H1, note that there is one candle in this H1 TF. Each candle describes the price movement range for an hour, and wrote the price movement during this hour only four values represented by the price value High, Low, Open and Close (HLOC). High value where value represents the highest price, low values represent the lowest value, the value of the initial value representing the Open, Close values represent the final value in the range of one hour. Well, if we look at other TF HLOC values in each of these candles is the price value that occurs within the period according
with which the TF candle is located.
What we can see from here? Grouping of data .. yup bener banget. So the price data in the form of candle that we see in every TF chart that we open is the picture price data are grouped in a certain time, and each group of data by this time represented only by 4 (four) price values that occur during a specific time frame. Well, from here clear that TF describes the data. So if the TF W1 means each candle representing a range of price movement for a week, where the price movement this week in the TF W1 were represented by four of his HLOC value alone. Understanding of the TF and the data on each of his candle was useful when we choose how we analyze TF chart later. Lack of unfamiliarity about this, too often we can either analyze lho ... So with very compelled me to translate it in here ... (sorry to the master if you have read these basic things ...)
(later we go again yah)
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