Do forex transaction must be based on technical analysis. There are two kinds of analysis techniques that are commonly known to us, namely Fundamental Analysis and Technical Analysis. Both of these analytical techniques are often used by professional forex traders. So, which one is more important or more precedence?
In this discussion, do not discuss the details of how and how fundamental analysis but in the next section we will integrate and harmonize both the analysis.
UNDERSTANDING TECHNICAL ANALYSIS (BASIC)
An easy way of trading, and are often the basis of forex traders in Indonesia guideline is to read a pattern and candle formations. In addition, the use of technical indicators and oscillators that trend indicator also a favorite of traders.
Technical analysis techniques just by reading the patterns and candle formations often called Naked Trading. In this technique, the trader must understand the various types of patterns and formations that can be formed by the movement of the price (represented candle) to me-prediction of the direction of the next price movement. Naked Trading Price Action is also often termed, which was to determine trading decisions based on price action formed without the use of technical indicators. Price chart is formed at a certain period of action is believed to represent the entire transaction traders.
Naked Trading
Using Price Action Trading (PAT), the trader does not need to perform detailed fundamental analysis. The reason is simple: all the economic data and global news be the catalyst driving the price will be reflected on Price Action (PA) on the price chart.
Some of the patterns and formations candle in a decisive Price Action trading decisions even stop level and the target can be determined. Below them is a pattern of Hammer, Inverted Hammer, Hanging Man, Doji, Stars, Spinning Top, Long Shadow, Long Black / White Body and many more. Each has its own meaning and function.
tajafers-Example Pattern CandleSelain candle pattern, candle formations also can serve as guidelines for the traders to make transactions, including Double Top / Bottom, Head and Shoulders (HNS) / Inverted HNS, Rounding Top / Bottom and others.
The difference between the formation and the pattern lies in the number of candles that formed it. The pattern is usually represented by 1 to 3 candle formations that shape while usually represented by more than 3 candle that formed it. By understanding the patterns and candle formations, traders get an idea of the direction of price movement is and has been going to be used as a tool of analysis or prediction me-next price direction.
candle formation
Here candle pattern that is often used to perform the Inside Bar Setup and Pin Bar. Both of these patterns have a knee-jerk response from the trader when it appears on the price chart.
Inside Bar
candle pattern inside barSelain candle pattern mentioned above, candle pattern Inside Bar is one of the most frequently used by many traders. In addition to understanding is not difficult, candle pattern is also often appears that a trader can setup the transaction.
Inside Bar Strategy has high transaction opportunities and provide the Risk Reward Ratio (RRR) which is very good. Because in determining the level of entry, usually have a stop level or anticipated small compared to the use of other transaction setup. However, there is a need to remember and watch out for the Inside Bar is good strategy when the market is moving in trends.
Inside Bar pattern appears when the child is in a range bar bar bar earlier or parent. Inside Bar pattern must have Higher Lower High Low of the bar of its parent. Setup transactions on Inside Bar strategy can be done by making an entry position when the price moves to penetrate the stem bar range. Traders can make transactions BUY when prices break above the highs of the bar while transactions SELL parent do when prices break down the low level of the parent bar.
There are several interpretations of the bar holding the use of range High - Low and range of the real body of the parent bar (Open - Close). However, most traders use rang High - Low.
Occurrences Inside This bar can be as an alarm to alert the trader, whether the price will continue the trend or reversal occurs trend direction (reversal). It usually occurs after large price moves in trends and price did not exceed the range of consolidation so that the parent bar. Here can be interpreted consolidation of market participants, traders and investors are considering the next price direction. Moreover, if there is no fundamental catalyst as a driver of price or wait ahead of important fundamental data releases.
Inside this bar can be strengthened again if it appears near a strong support area based on historical resistance.
Pin Bar
pinbarBerikutnya is the Pin Bar candle pattern. The emergence of this pattern may indicate a trend towards reversal opportunities or reversal. This candle pattern has a unique structure that has a long body shadow with a smaller range than the range of shadow and a range of smaller nose with a range of body. Does not rule out the possibility that a doji candle pattern with long shadow can be called Pin Bar.
Pin Bar candle pattern emerging trend occurs when an area close to the strong support and resistance will be the confirmation of reversal if, long shadow jutting out and not in the shadow or the body of the previous candle, the long shadow at least two-thirds of the body and nosenya and levels of open and closed should be close together or coincide.
Traders can perform transactions using the setup pin bar strategy is to look at the price movement of nose pierce Pin Bar or in the event retraces the direction of shadow. Traders can sell when the transaction setup emergence Pin Bar candle when price is in a bullish trend. Level entry can be performed when the price reverses direction of the previous trend to penetrate down to the low level of Pin Bar or when prices rebound to 50% of the shadow. Vice versa for the transaction BUY setup.
In this discussion, do not discuss the details of how and how fundamental analysis but in the next section we will integrate and harmonize both the analysis.
UNDERSTANDING TECHNICAL ANALYSIS (BASIC)
An easy way of trading, and are often the basis of forex traders in Indonesia guideline is to read a pattern and candle formations. In addition, the use of technical indicators and oscillators that trend indicator also a favorite of traders.
Technical analysis techniques just by reading the patterns and candle formations often called Naked Trading. In this technique, the trader must understand the various types of patterns and formations that can be formed by the movement of the price (represented candle) to me-prediction of the direction of the next price movement. Naked Trading Price Action is also often termed, which was to determine trading decisions based on price action formed without the use of technical indicators. Price chart is formed at a certain period of action is believed to represent the entire transaction traders.
Naked Trading
Using Price Action Trading (PAT), the trader does not need to perform detailed fundamental analysis. The reason is simple: all the economic data and global news be the catalyst driving the price will be reflected on Price Action (PA) on the price chart.
Some of the patterns and formations candle in a decisive Price Action trading decisions even stop level and the target can be determined. Below them is a pattern of Hammer, Inverted Hammer, Hanging Man, Doji, Stars, Spinning Top, Long Shadow, Long Black / White Body and many more. Each has its own meaning and function.
tajafers-Example Pattern CandleSelain candle pattern, candle formations also can serve as guidelines for the traders to make transactions, including Double Top / Bottom, Head and Shoulders (HNS) / Inverted HNS, Rounding Top / Bottom and others.
The difference between the formation and the pattern lies in the number of candles that formed it. The pattern is usually represented by 1 to 3 candle formations that shape while usually represented by more than 3 candle that formed it. By understanding the patterns and candle formations, traders get an idea of the direction of price movement is and has been going to be used as a tool of analysis or prediction me-next price direction.
candle formation
Here candle pattern that is often used to perform the Inside Bar Setup and Pin Bar. Both of these patterns have a knee-jerk response from the trader when it appears on the price chart.
Inside Bar
candle pattern inside barSelain candle pattern mentioned above, candle pattern Inside Bar is one of the most frequently used by many traders. In addition to understanding is not difficult, candle pattern is also often appears that a trader can setup the transaction.
Inside Bar Strategy has high transaction opportunities and provide the Risk Reward Ratio (RRR) which is very good. Because in determining the level of entry, usually have a stop level or anticipated small compared to the use of other transaction setup. However, there is a need to remember and watch out for the Inside Bar is good strategy when the market is moving in trends.
Inside Bar pattern appears when the child is in a range bar bar bar earlier or parent. Inside Bar pattern must have Higher Lower High Low of the bar of its parent. Setup transactions on Inside Bar strategy can be done by making an entry position when the price moves to penetrate the stem bar range. Traders can make transactions BUY when prices break above the highs of the bar while transactions SELL parent do when prices break down the low level of the parent bar.
There are several interpretations of the bar holding the use of range High - Low and range of the real body of the parent bar (Open - Close). However, most traders use rang High - Low.
Occurrences Inside This bar can be as an alarm to alert the trader, whether the price will continue the trend or reversal occurs trend direction (reversal). It usually occurs after large price moves in trends and price did not exceed the range of consolidation so that the parent bar. Here can be interpreted consolidation of market participants, traders and investors are considering the next price direction. Moreover, if there is no fundamental catalyst as a driver of price or wait ahead of important fundamental data releases.
Inside this bar can be strengthened again if it appears near a strong support area based on historical resistance.
Pin Bar
pinbarBerikutnya is the Pin Bar candle pattern. The emergence of this pattern may indicate a trend towards reversal opportunities or reversal. This candle pattern has a unique structure that has a long body shadow with a smaller range than the range of shadow and a range of smaller nose with a range of body. Does not rule out the possibility that a doji candle pattern with long shadow can be called Pin Bar.
Pin Bar candle pattern emerging trend occurs when an area close to the strong support and resistance will be the confirmation of reversal if, long shadow jutting out and not in the shadow or the body of the previous candle, the long shadow at least two-thirds of the body and nosenya and levels of open and closed should be close together or coincide.
Traders can perform transactions using the setup pin bar strategy is to look at the price movement of nose pierce Pin Bar or in the event retraces the direction of shadow. Traders can sell when the transaction setup emergence Pin Bar candle when price is in a bullish trend. Level entry can be performed when the price reverses direction of the previous trend to penetrate down to the low level of Pin Bar or when prices rebound to 50% of the shadow. Vice versa for the transaction BUY setup.
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