1Mel Price TrendWhat is the slope of the price?We mean the tendency of the price the general direction of price movement.Vatjah price of any currency for a should he leave for the three possibilities:Any currency tends to rise gradually. , Up word either upwardAny exchange rate tends to decline gradually. , Down word or bearishAny exchange rate tends to be close to the price of one. , Side line or static does not changeIn fact, the more things that traders are keen to know is the tendency of the price, as you know, the price movement in the volatilityContinues to rise and then fall and then bounce back and so, in spite of that, the price trend either up or down, ifAble to learn that the general trend of a currency is any upward the currency tends to rise in general easier for you to decide to buyThis currency is that even if the price dropped a little, they go back up.How can I determine the price of a tendency to do?We first determined the time frame of the coin that we want to follow upThen look at the graph, focusing on the recent period, close to the current time.trend line Drawing up drawing a line upward tendencyhigher lows if we found that the majority of candles on the rise and that the lowest price for each time period is rising gradually with timeThis means that the price tends to rise.We draw a line connecting the most caudal candles so that it does not come down any candle between them.As you can see in the following forms that show how to draw a line upward tendency.The first stepSee the following form2The first stepYou see the graph of the Swiss franc and the time frame is a half hour, you see Candles in the figure upward. Assee higher lows, the lowest price on each candle is higher than the lowest price of the candle which has been accepted generally less price rising gradually.The second stepWe will choose two points from the lowest price points in the candles so that the line can be drawn up between them and so does not fall between the two candlesAs you can see in the following figure:3The second stepWe chose two points represent the lowest price of the candles - or bars - so you can draw a line between them up without falling down candlesOf it.The points which Achternahma Mpennan in circles in the figure. Course will draw two circles around the two points, but you choseSthadddahma respect only have we put the two circles that we are here to clarify the main points we will choose to draw a line between them, and remember that it does not matter whichPoints to choose what is important is that you can draw a line between two points up or down by the candles that between these two points.The third stepUsing a drawing tool in the program graphs tilted up we will build a line between two points Achternahma.As you can see in the following figure:4The third stepWe draw a line up between the two points, a line of candles upside down no matter how they do not fall below it.. line Up trend line this line is called the rising tendencyCan you say about this line: "that the currency Otabaha escalate the candles in each period, although it fell only sometimes it does notExceeding in the fall line drawn upward. "On the basis of the hypothesis-mile price stability, we assume that if the exchange rate fell and soon became the inclination of the line it will return toRise.So when watching the movement of currency and we find that the price began to decline until it became close to the line bullish slant we can doTo buy the currency because we expect that it will rise after that where we can sell them later at a higher price than the purchase price.Where they can then reflect that .. Braking trend line remains the assumption that the currency will rise to be a tendency to break the lineCurrency movement and turns to fall.(As you can see in Figure (115(Fig. (11As you can see in the figure, the candles continued to rise to that moment came and fell down the line which we have set we say here that the lineUpward tendency has been broken, and there will be change because the probability of the direction of movement of the currency board to the landing.Draw the line when the rising tendency of the coin directly such as the euro or pound sterling, the approaching line of candles that could herald the imminentRise again no more near the high price as the candles high in the graph of the currencies is direct evidence ofThe continuous rise in Saarama So when the price drops soon to become a rising tendency of the line of the currencies we buy direct because weAssume that the price of these currencies will continue to climb to the top of any Saarama will continue to rise, making us buy the currency in whichWe expect it will rise in the future.(As you can see in Figure (126(Fig. (12Pay attention to the rise of candles in the graph of the currencies of the indirect Kalin and CHF is a testament to the continuing decline inSaarama Thus, when the price drops soon become a rising tendency of the line for them, we sold them because we assume that the yen or the francWill continue to climb to the top of any Saarama will continue to decline, making us sell the currency in which they expect will fall in the future.(As you can see in Figure (12(Fig. (127down trend line Drawing a line downward tendencyIf we lower that the majority of candles in the recent period tends to decline so that the lowest price for each candle gradually give upThis means that the exchange rate tends Nhawwalankhvad. lowsDraw a line connecting the most prominent Alawite Velin (highest price) for the candles so as not to exceed a candle between themAs you can see in the following forms that show how to draw a line downward tendency:The first stepSee the following pattern:The first stepAs you can see in the graph, the candles in a steady decline, although the highest price for each candle below the highest price of the candle which has been accepted. lower highs in general so that the highest rate gradually fallsThe second stepWe will choose two points of highest price of the candles so that the line can be drawn up between them and so does not rise between the two candles.As you can see in the following figure:8The second stepWe chose two points represent the highest price of the candles - or bars - so you can draw a line between them up without the higher candlesTop of it.The points which Achternahma Mpennan in circles in the figure. Course will draw two circles around the two points, but you choseSthadddahma respect only have we put the two circles that we are here to clarify the main points we will choose to draw a line between them, and remember that it does not matter whichPoints to choose what is important is that you can draw a line connecting the two points do not rise by the candles that between these two points.The third stepUsing a drawing tool in the program graphs tilted up we will build a line between two points Achternahma.As you can see in the following figure:9The third stepWe draw a line up between the two points, a line no matter how bearish rose candles are not rising above it.. line Down trend line this line is called the downward tendencyYou can say for this line: "The currency in which the candles Otabaha down with time, although it rose slightly to ThisHeight not to exceed the line drawn. "On the basis of the stability hypothesis of a tendency, if the price of the currency has become so close to the line of the falling tendency you can expect it willLower and therefore you can sell it to you expect to fall where you can buy later at a lower price than the price I sold itAnd keep the difference as profit.We will assume that the currency will drop until the contrary is proved, and begins to rise beyond the line where the tendency is that we can say that the tendency may(As you can see in Figure (13 trend has broken broken10(Fig. (13Waived and that the fall in the graph of the yen or the franc Aloisra means that the currency rises when the price rises to become close to the lineWe expect the bearish tendency to come back and go down to the bottom of any we expect that the yen or the franc will rise more calories (becoming the most valuable), so buy at(When approaching the falling price of the line because we expect that the price goes up more later. As you can see in Figure (1411(Fig. (14This is the basic principle of the tendency for price discovery and the manner and method of drawing the line, which is expressed and as you see it the issue appears onceConsidered normal and does not need any experience or special expertise.Despite the clarity of the method of price discovery of a mile but a mile to know the price of a currency may not be as easy, because you mayMonitor the currency on the basis of the time say, they find that the euro and the price tends to rise but when monitored on the basis ofToday you find the price tends to drop ..!!This may mean that the euro's rise during the past few hours, may be temporarily increase the daily trend has tended to fall.May start from several weeks to several months. Long term trend is therefore a tendency for the currencies of a long-termStarts from a few days to several weeks. Medium term trend and the tendency of the average rangeStarts from a few hours to several days. Short term trend and the tendency of short-term(Charity) is the tendency of the real price?Are all true, issue based on the "corner", which consider the example, traders who want to open and close a deal within a fewHours and get the profits are limited and may focus on quick-mile price for the short term, and the traffickers who covetLarge profits might be interested in a penchant for the medium and long term ..Thus, knowledge of the slope and determine the buying and selling decisions on the basis of the question you need to practice and training sessions so you can discoverMethod is best for you and your circumstances in which trading for one can not tell you it, but you answer the discovery of the attic, whichYou will find practice and training session and see.Trend is your friend Email tendency storesA popular saying among traders in financial markets, including the currency market, which means that the best decision to sell.. trend and the purchase must be in agreement to the direction of Mel PriceIf the tendency towards the high price of the currency is better to be careful to buy the currency because the upward trend and even predictedLower rates for some reason Vlatqm sell them to you so run counter to a tendency towards price .. And vice versa for a tendency to decline.Experience has shown that the approval of transactions that are a mile to the direction of price deals are the most successful and least risk.The tendency promoted us to buy (on sale for the yen and the franc, and this does not mean we Nax-mile price, because the rise of drawing inThe yen and the franc is the tendency towards a decline in the yen or the franc, so the resolution is not a sale and purchase).12The downward tendency reason to sell (to buy for the yen and franc).You have to find out the exchange rate, a tendency to take the decision to agree with its direction.Is one of the most important principles upon which to anticipate the future movement of prices is not in the trend as you can see, the principle of Mel PriceCurrency market, according to Yale in all financial markets.Now we will move to another principle of the principles of analysis of the chart.13Support and Resistance Support and resistanceTwo of the most important concepts of technical analysis is the most sought after shops in the graph and two of the most visible onceA quick look at the chart of a currency that you can learn the points of resistance and support for this currency.What are the points of resistance and support?Is the price that is hard on the currency to rise above it. : Resistance Point ResistanceThe currency may begin to rise an hour and an hour behind the increasingly expensive and consistently, but when you reach a certain price begins to fallAgain and then rise again and when you reach for the same price back to the previous low, and so many times and for several days wheneverThe price of the currency and reached the price back down again, notes that it is difficult for the currency to exceed this price, the so-calledSuch a price rate of resistance, which is the rate that prevents - resist - the currency to rise above it. And can easily find out points of resistanceWhen you check in the graph of the coin.(See Figure (15(Fig. (15This is a graph of the euro against the dollar per hourNote that the candles on the drawing up, but when you get back to the 1.0030 price goes down and repeated more than once.14Can use drawing software to draw a line graph illustrates this point and that is the point of resistance for the euro is difficult for the euroTo rise with him.Note that if the price exceeded the previous resistance point, it rises until it reaches the price of 1.0145 and then back down more than once.Price can be regarded as the last point of resistance to second for the price.By drop resistance is like the impediment that stands in the way of price and prevents further increases, which indicates that the demand forCurrency less when the price up to this limit is not a lot of people willing to buy the currency at this price, and when the fallDemand return the price drop ..By drop resistance is the price at which the demand for a less supply of them, does not mean that the price can not riseAbove the point of resistance and may even beyond, but before doing so have been dropped by several times, and the larger the number of times. strong resistance that the price could not exceed the point where the resistance the more it meant that the point of resistance was the strongestWhy is it important to discover the point of resistance?When you know that when the price rises and reaches a certain price and then come back and drop that mean that when you see that the price of the currency becameClose to the point of resistance you expect the price to drop back and then, when the price reaches a point of resistance will sell the currency at thisYou expect the price to fall if dropped will actually buy them again.Is the price at which the hard currency to fall without it. : Support point supportCould drop the price of a currency hour and an hour behind, but when the price reaches a certain point and back up again and repeatedSeveral times, we call this point the point is, they support the point that "support" price and prevent him from falling over them, which indicatesThat when the currency drops to that price up to support growing demand by many people and become unwilling to buyAt this price, does not mean that the price can not be reduced from the point of support, but means that the price barrier to find moreDecline when the price reaches a point of support, the higher the number of times that the price could not fall from the point of support than. strong support as it means that the point of support was the strongest(See the form (1615(Fig. (16This is a graph of the euro against the dollar and the time frame Hoasah.Notes from the figure that the candles down, but when you reach for the price of 9905. Rise againUsing the graph shows can draw a line that you see in the figure, notice that the price falls below the pointPrevious support and back up at a price of 9780. So the price can be considered as the last point of support again. Also, if the price fell for the pointSupport the second rise again when the price up to 9700. So is this price point to support a third the price of the euro.There are a lot of tools that you can use in the charts and you'll get from the brokerage firm for free orFor a monthly membership, these tools enable you to draw lines and write notes and change the colors and zoom in and awayAnd a lot of other tools that help you analyze the chart in the form that suits you and relieves you.There will be guidelines and instructions to help you do this, and in any case the program of work is to graphs does not require anySpecial skills, but is available for all and a little practice you will find that dealing with a very simple matter.How important is the discovery of points of support?When the price falls and nearing the point of support is likely that he would return to rise again, so when the price of the currency at the pointSupport we can buy the currency because we expect that the price will rise after that.Currencies direct and indirect again16It is very important to know that the orders for the yen and Swiss franc have reversed orders of the euro and the pound.We have a basic rule:In the euro sterling OganahCandles high in the graph refers to the high price of the euro or pound.Drop candles in the graph refers to the low price of the euro or pound.In the yen and Swiss francCandles high in the chart indicates for the low price of the yen or the franc.The low candle in the graph refers to the high price of the yen or the franc.It is here that you can learn how to deal in the case of the approach of the currency of the line of support or resistance, you can rely on the following rule:General ruleLine resistance: is the line that limits the candles - or bars - in the graph from the top and putting her to ascend more.Support line: is the line that limits the candles in the graph from the bottom and putting her down for more.Expected to fall to the bottom so: resistance when the contact line of candles resistanceCurrencies directWe sell the currency when it approached the line of resistance.Currency indirectWe buy the currency when it approached the line of resistance.Expected to rise to the top so: support when the candles touch the support lineCurrencies directWe buy the currency when it approached the line of support.Currency indirectWe sell the currency when it approached the line of support.17Patterns ShapesAs a result of the ongoing follow-up by the traffickers and economic analysts of the graphs of price movements of currencies, equities and commoditiesDifferent kinds for decades was the discovery of a note, is that the price in the graph N. Leko forms stable during movement, and thatRepeated every time these forms, the price movements are similar. Note It is very important because when the shopsBelieves that one of these forms began to emerge in the graph, it would be expected that the price will move in the same direction that future action by theWhen this form is the same in the past.It is worth mentioning that these forms appear as a change to either the general direction of the movement of currency or for the continuation of the direction of currency movement.There are two basic types of these forms:Reversal patterns form of change in the directionIt forms when they appear because the signal-mile rate may start a reversal. If the tendency of a currency price is rising, and during theOur follow-up of the graph of the price we have seen is one of these forms are often a sign that the currency will reflect a tendency ofHigh to low.It is the shapes that appear on the graph to mark a reflection of price movement:Head & shoulders head and KtephanIt is a form composed as follows: the price continues to rise until it reaches a certain limit to the point that we call "A" and then begins to price in theDecline until it reaches a certain point to point call it "B" and then return the price to rise to a higher limit from the point of "A" to point up whenWe call the "c" and then back down to the same level as the previous fall at the point "B" to come back and rise again to reach priceLimit equal to - almost - to the point "A" at the point "d" and then back down again to a point equivalent to the level of price point "B" and thusHave risen in price 3 times higher the second time both times higher than the other two forming a shape similar to the head and shoulders on. line nick "side. and is called the line that the lower the price rises to come back and" line AangSee the following figure18Became a shoulder left also notes the price after the shape of the head and shoulders after the change tendency that was on the rise before the left shoulderReversal, therefore, said that this form of change in the shoulder right direction tendency to decline after the right shoulder. patternWhen watching the store price of the currency and notes that the graph of the exchange rate has begun to be a form similar to the head and shoulders canExpected low price in the near future and thus may decide to sell or buy currency currency direct or indirect.Invert head & shoulders head and Ktephan MekosanThe same figure before, but in reverse, where the currency is in decline and then changed direction to be high after the figure asSee in the following format:19Double top two mouthfulsIt is a form composed as follows: the price rise until it reaches a particular price point to call it "A" and then come back and drop the price -Point - call it "B" then rising back up again until the former for the same price at the point "A" and then come back down againComponent of a form similar to the Mount has two mouthfuls. As you can see in the figure and also notes, the price was a tendency to rise and then the fact that the shapePrevious change its downward trend, so is the emergence of this form in the graph mark the potential to change the direction of the price.As you can see in the following figure:20, Where the price in the low rather than high point and then up to Double bottom, form the opposite of the so-called summits HaanAnd re-rise and then fall back again to the same point above, then go back up the same format as the previous problem, but areInverse. The price quoted is in decline, and after the turn of the Haan is high, so is the change of direction. As you can see inAs follows:21Triple top three peaksIt is similar as before, but the price because the price touches the summit three times instead of twice a component of three peaks, and then back downChanging its direction.As you can see in this format:22Triple bottoms three bottoms
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