Using a trader of various types of graphs
In its work, traders
Forex market using technical analysis of currency pairs charts.
Display information in the graphs of different currencies depends on the types of charts.
From what kind of plots will choose a trader in his work, it depends
earnings. Therefore, in this article, we invite all interested people
Trade topics currency in the Forex market to consider various options
the use of types of charts.
As you know, the schedule
the price of a financial instrument consists of the coordinates: vertical – price (tick
obbem) across – time.
Also, in the shopping
terminal trader sees different timeframes of charts – is trading periods, or
intervals that are used to construct the price charts.
trading interval in any trader terminal usually consists of:
months, weeks, days, four hours, one hour, thirty minutes, fifteen
minutes, ten minutes, five minutes, one minute and teak.
Thus the minimum value
the time scale of the Forex market is not one minute is believed
Many beginners and tick.
single exchange rates as a market maker, which is transmitted through
trading platform in the form of new purchase price (BID) and sale (ASK).
What is the
the starting material for the construction of price charts, in addition to teak?
He thinks that the forex market is like the stock market, and the price of Forex is composed of
demand price (buying) and offer (sell).
However, the Forex market
This question is not as simple as it seems. In the chart, each trader sees
the following data:
Opening price (open), which is determined at the beginning of
temporary timeframe. For example, for the M15 will be one opening price of the period, and
quite another. As always, the prices we have two – Bid and
therefore, the terminal is used Ask
+ Bid / 2.
The closing price (close), which is also formed in
a terminal according to the selected timeframe. Most terminals are also
Ask formula is used
+ Bid / 2.
Maximum price (high), which is defined as
the maximum price for your selected timeframe. As a rule, it
It considered the price Ask.
Minimum price (low), which we see as
the minimum price for the selected period. As a rule, it is calculated on
Tick obbem that
It shows the trader the number of ticks – the price of market makers available period
From the above
Information practitioner trader sooner or later the question arises: what
I see on the chart ?!
this issue further. The fact that the trader sees on the chart depends on the
The first, and most important,
in our opinion, it is the kind of schedule – a tick chart.
displayed in market research in the MT4 platform and shows the smallest wobble
which delivers market maker.
You can set up to
Review forex market tick chart so that it shows the top quote – Ask, and bottom – Bid. The secret to using teak
charts to trade practitioners have few traders. Basically,
tick chart used to refine the entrance and exit positions. Also,
on the tick chart is not visible period, so the craftsmen – programmers
create specific indicators and advisers that translate tick obbem
trader for the selected period.
Second, there is little
used form of graphics – a line graph.
line graph due to the fact that its construction takes place only on one
the type of data, most often on the closing prices. Although more and selected merchants
exotic model for calculating linear graphs: Median Price ([High + Low] / 2.
In fact, the choice of the type of data a line graph does not change much.
use a line chart to trade is the lack of visibility
price breaks or gaps, which are very often in the Forex market.
line graph may include generalized view of the dynamics of prices
a particular currency pair. Agree, looking at line graph in general, we
We see the global picture of trading, without studying the details and details. Sometimes
this is useful.
Also, one of the
the advantages of a line chart, you can note the convenience of drawing lines of support
and resistance and isolating any market patterns.
The next type of
graphs is the graph bars.
A feature of the schedule
bars is the availability of information about the four prices: opening, closing,
maximum and minimum.
bar graph has been very popular with Europeans and is used by some
judges until now. Over time, graphics bars graphics ousted Japanese
And the last, the most
popular form of art – candlestick chart.
is also built on the four prices: open, close, high and low.
is the distance between the opening and closing prices of candles. The beauty of schedule
candlestick chart is that it shows the bullish and bearish sentiment
On the market.
If the opening price is higher
closing price, the candle repainted in dark color (bear paw knocked down
bulls, all sold).
If the opening price is lower
closing price, the candle becomes white (bulls toss up
bears still growing).
Besides the classic 4
types of charts, there are others:
breakthrough three graphs
analyzed the main types of trader charts and know that the most popular
and convenient for the human eye is the candlestick charts. Therefore,
We encourage all to use them.
You can also
consider more exotic approaches to monitoring the Forex market using the
Renko charts or Kagi.
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