2.Technical Analysis. One possible solution the need for an action plan, technical analysis as a method for decision-making makes sense, since it alleviates somewhat the psychological stress that we could be subject to invest without reason, since it makes than ever we operate to ciegas.Dicho method is characterized by its objectivity, and can be applied to any liquid market and allowing diversification in investment. On the other hand, perhaps one of its most attractive is the fact that it assess and monitor irrigation by Stop final Loss.En, using technical analysis we managed to obtain an independent opinion regarding each investment opportunity.
3. ¿What is Technical Analysis? Technical analysis is the study of market action, primarily through graphics, in order to predict trends prices, this analysis allows the identification and optimization of buying opportunities and sales through knowledge of the market, using graphics and quantitative analysis.
4. Philosophy Analysis TécnicoHay three premises that we consider particularly relevant for technical analysis: 1. The market incorporates all information or agents' expectations. With technical analysis chart just we need to give our recommendation, as opposed to fundamental analysis. 2- The market prices move by trends. 3- History repeats itself and this is what allows us to identify price figures.
5.types of graphics that allow us to differentiate in each case the opportunities for buy / sell. The use of a chart type or the other depends in principle on whether it is an investor in the short, medium or long term: 1-Investor Short-term it will use for graphics and technical analysis intraday or daily data. 2-Investor medium term: used to its graphics and technical analysis intraday or daily data. 3-Inverter long-term used to their technical graphics and data analysis weekly or mensuales.Otra differentiation between graphics, we could make between bars, candles or línea1- Line: Notes the evolution over time of the value of the asset or index It is analyzed. 2 Bars: Notes the evolution of value, but in turn shows the maximum and minimum of each session of the asset or analyzed, which will be the "caps" above and below each bar. 3- Vela (candlestick): This type of study shows the evolution of value in the form of candles, opaque and transparent. Each refers to the evolution of the value in the interval analyzed. For example, if a time interval, each candle will refer to a quote when noted. A transparent candle indicates that the value or index has risen; the lower edge of the column indicates where it started the trading of the variable, and the top edge where it ended. The lines protruding vertically from the edges indicate what the maximum (top line) and minimum (lower line) in the same range. An opaque candle, however, indicates that the value or index has fallen; the lower edge of the column shows where the share price ended the variable in that range, and the top edge where it started. The lines show the same as in the previous case; that is, what it was the maximum (top line) and minimum (bottom line) of trading on the same Intervalo.También cite those graphic used in the long term, or semi-logarithmic arithmetic scales, which take into account the percentage changes analyzed values.
6. trend is the direction in which market prices. If we observe the behavior of the market, we see these prices do not have a linear behavior, but rather show high and low, with maximum and minimum successive known as peaks and ridges respectively. The direction in which these peaks and ridges occur is what determines if we analyze the tendencia.Así can conclude that a value is in bullish trend, bearish or bullish lateral.1-: Succession of peaks and ever higher peaks. Bearish Trend 2: A succession of peaks and progressively lower peaks. Lateral 3- Tendency: When the number of peaks and ridges develop along a horizontal line. Trends are classified into three types according to their duration, although this classification is subjective for each investor: primary main trend or that cover periods longer than one year; secondary trend, ranging from three weeks to several months; and minor or short-term trends that can last from one day to several weeks.
7. Support and resistance.concepts trend derivatives are resistenciaUn support and support is a level below the market where buying interest is strong enough to overcome the selling interest. This is certainly indicative compra.Una a point of resistance is a level above the market where selling interest is strong enough to overcome buying interest. It is certainly indicative venta.La point trend may be bullish or bearish as the concepts of support and resistance. A trend remains bullish considered when each support is minimal or exceeded by the following and each resistor is located at a higher level than before. By contrast, a trend is down when each support is below the previous and each strength level is also less than the anterior.Las variations of the above definition regarding bearish trends can be upward or previous signals a possible change of tendencia.Algo it is quite accepted the fact that a broken hard support will become the next resistance at the following correction. In the same vein, overcome resistance to the upside will become possible support correction to the next floor.
8. trendline is a straight line joining the successive minima or supports, whether it is an uptrend, or successive maxima or resistance if .Since bearish trend is likely to continue moving the direction of movement once projected trend prices tend to bounce on that line. Moreover, very often, a break in prices of that trendline is a warning that it will produce a change of trend lines tendencia.Las, like support and resistance, also they reverse their condition when they are significantly transferred: an uptrend line when pierced downward, passing from a support line to become a resistance line for the next price recovery. In a trendline opposite it happens: goes from strength to become a support line for further price falls.
9. Determination of the strength of support and resistance No all media or resitencias are equally effective, its strength will depend largely on the following factors: Time horizon: That is the greater has been the time that the value has respected the support or increased resistance It will be your strength.
Trading volume: The greater the volume with which the value confirms the support or resistance is greater strength.
Number of times it has been touched: The higher the number of times it has complied with greater strength.
10.¿What constitutes a valid breakout of the trend line? To be considered as a value or index has broken its trend line should be for greater reliability and that it is really significant to a closure beyond the line tendencia.En any if it is advisable to set filters of time (2 days or less), or filters price (1.2% or 3%), in order to leave a margin of error. The decision on the type of filter to be used depend on the characteristics of value, and mainly from its volatilidad.Por other hand, we believe that the breaking of the trendline will enjoy greater reliability in the event of a break also occurs the support or resistance in its latest caso.Por to validate the movement, we see that it has sought a break with volume, since a greater volume increased reliability.
11. Figures Price figures are images or formations price appearing in the graphs, with implications measurement. Mainly we could divide into two groups: Figures back and continuación.a) Figures vueltaIndican taking place around or a major change in trend Shoulder head HombroLa Figure shoulder-head-shoulder is one of the surest signs and common trend change, either upward, if it is a shoulder-head-shoulder reversed, as the baja.Se usually produce highs and lows and development is usually very reliable, as long as they occur the breakdown of the "clavicular line" and it is important to monitor the volume that this break is to increase its fiabilidad.Esta figure allows a measurement in the minimum price targets that can be achieved in the next move. The measurement is obtained by drawing a vertical line from the peak of the head to the "neck line" neck or clavicular line. This distance obtained, if projected from the point of breaking the neckline, leading to a price level that is probably the least to be achieved in this next movimiento.Doble sueloSon Double Ceiling and rare formations, though not cease to be important, as their appearance (not as frequent as the figure above) may indicate the end of a major trend importante.Para validate training, it must occur in a fairly long time interval, about one to two months or more between each máximoEstas figures also allow the measurement of a target price in the following market reaction. The measurement is done by taking the greater distance between the maximum and the minimum of training. This measurement is drawn from the break in the direction following the precio.Vueltas in a day: usually mark the beginning of a correction against the trend and not change it. These figures should be used in combination with other indicators, since their reliability is lower, despite the higher volume and longer stroke have sail, the more significant the signal dada.Una likely indication that this training may occur although not always the case in this way, is the occurrence of an islet. An islet, or money in one day is a price pattern that occurs in a session in which the share price reaches a maximum at some point in the day but closed just below the closing price of the session anterior.A this islet usually is accompanied by a very strong bargaining. The higher the negotiation and bigger the price the day tour, most important is the signal that ofrece.Canales: A channel is a trend parallel to the linking, in the case of an uptrend line, the maximum successive prices and in the case of a downtrend successive minimum.
The channels also will serve us to calculate objectives of price measurement, so that the rule that is used is that a ruptured canalpor either side lead to price at a distance equal to the width of the channel in the direction of the break and while in the channel, the band formed by the same will be his Cuña range. Wedges are figures that indicate changes in trends, frequently resulting in secondary trends, so sometimes they are considered figures continuation primaria.La trend figure, it is formed by two lines converging trend together in the limit, like a triangle. Both lines have a considerable inclination and prices are fluctuating between the two líneas.Las wedges, leaning against the trend that follows. A wedge inclined upwards is a bearish formation. A wedge is a downward slope downward training alcista.Las wedges are signs of change bearish to bullish and rising wedges are from bullish to bearish. It Importantly, a difference that is important, is that the rising wedges prices fall rapidly, while the falling wedges, once produced the signal with the break up, prices tend to move laterally for some tiempo.b) continuaciónLas figures below trend figures show price movements in an almost laterally, which forecast a continuation of the trend that preceded them. His training usually takes place within a shorter time than the figures change tendencia.TriángulosEstas figures are formed when peaks or descending or ascending ceilings and floors ridges occur. A triangle is considered symmetrical when both lines of supply and demand, clearly inclined downward and upward respectively.The apex of the triangle, partly limited training time in which it has to solve the figure. A symmetrical triangle, in principle, does not indicate whether the trend will continue or cambiaro, but most of the time indicates a continuation of the trend previa.Significado triangle which reveals the figure, it is that there are doubts or incretidumbres in regarding future market price performance, so it is difficult dterminar if the trend will stay there cambiar.También or triangles (one of the angles is 90%), both upward and downward, which generally tend to be below trend. The target price, once produced the breakdown usually coincides with the height of one of the legs (the two sides of the triangle that form the right angle) .Banderas and GallardetesAmbas figures, they are the first to clearly indicate a continuation of the tendencia.Las flags are small rectangles prices are slightly inclined against the trend precedes. them pennants are similar, but the lines converge slightly, forming a sort of small wedges, also inclined against the trend that precedes .The light banners and streamers represent pauses in very active markets.
12. Technical indicators mathematical formulas or statistics. They are more objective than the chartismo so far seen and the base of automatic trading systems, generating specific signals buying and venta.Podríamos distinguish two classes: 1- Oscillators: are ahead of price movements: RSI, Stochastic and Time . Followers 2- trend: prices are delayed. Moviles Sox Moving Averages: There are two main types of moving averages, the simple average and weighted or exponential is the most complicated. The buy signal when the cuts will give us the average price upward, being able to use 2 moving averages to vez.Respecto to use, we'll use short half-side movement (5 and 10 periods) and longer-term trend movement ( 70 and 200 periods) .The stockings may function as supports or resistencias.Las simple moving averages are stockings on a set of values (prices, volumes, ...) which have the particularity that its calculation is made on a specific number of data ( n days) marking the period. As new data is incorporated, the first disappears forever maintain this period cálculo.Las moving averages are constructed with various data. The calculation is carried out mainly with the prices of cierre.Para the calculation of the weighted average the last closure is multiplied by the value of the period, closing the day before the period is multiplied by -1 and so on with all closures period . Then all the results of these multiplications are added up and divided by the sum of total multiplicadoresLa exponential moving average, weighted data that make up the simple moving average taking into account all available data on the value in the calculation. To calculate it, we only need to know the weighting factor, closing the day and the average value of the previous day to calculate its derivatives valor.- on moving averages (MACD): We refer to a compound formed by two lines: MACD and SIGNALEl MACD is the difference between two moving averages (12 and 26 periods) .The SIGNAL is the average calculated on the measure subtracts anterior.Esta works best with weekly data and movements tendencia.Su form of employment is as follows: - The MACD intersects the upstream SIGNAL => Buy -
- See any differences -
- Use of chartismo- Oscillators. RSI: RSI is based on price changes over a period of time oscillator. Their representation is linear and is drawn with a vertical scale from 0 to 100 (normalized), with two boundary lines (one upper and one lower) that are set by technical analysts, marking the overbought and oversold valor.- Bands Bollinger: a moving average, with a top band (mean + 2 deviations) and a band ingferior (mean + 2 deviations). It works best on price movements without trend. Its utility is the measurement of the existing market volatility.
They Everything about the Products with Which we invest, CFDs.Definición of CFDs: CFDs (Contracts for difference) are financial leverage and Products with no expiration date. The underlying can be shares or indices of all markets. The CFD price will vary like the price of the underlying. Trade CFD's you can earn upward (Long) or down (Short). Buying or selling a Cfd not deposit 100% of the value of the stock or index, but a lower percentage of the value of the stock or index. May be deposited indexes for 1% of the nominal value of the index and shares 5% of the nominal value of the share. This varies Depending on the broker you use. Example 1: I think Telefonica That will go up. Phone worth 15 €. To enter rising market I buy 1000 CFDs; Would Have to pay 15000 € for shares, CFDs deposited only 10% of 1500 would be € 15000 € .If the stock rises 20 cents would be earning With Telefonica CFDS 1000 0.20 × 1000 = 200 € .Sería a profit of 13.33% on the investment in CFD trading. The value of the stock would be rising by 1.33%. If low action would be losing 20 cents CFDs With Telefonica 1000 × 1000 = -200 -0.20 €. It would be a loss of -13.33% on the investment in CFD trading. The value of the stock would be down 1.33%. Example 2: I think That will go down Telefonica. Phone worth 15 €. To enter bear market sell 1000 CFDs. 10% of operating cash, Which would be an investment of € 1500 .If the stock rises 20 cents would be losing Telefonica With CFDS 1000 × 1000 = -200 -0.20 € would be deposited. It would be a loss of -13.33% on the investment in CFD trading. The value of the stock would be rising by 1.33%. If low action would be earning 20 cents 1000 CFDs With Telefonica 0.20 × 1000 = € 200. It would be a benefit of 13.33% on the investment in CFD trading. The value of the stock would be down to - 1.33%. Functions like buying shares in cash, but depositing 100% of the value, but a guarantee of a percentage of the nominal value and Have the right to receive dividends, Increases capital, etc. If you are entering upward (Largo), first buy the CFD to enter the market and then a sell the CFD to exit the market. If you're going to go down (Short), first you sell the CFD to enter the market and then a buy the CFD to exit the market. To give an order Stop: If I am in the market to the upside (I bought a CFD Contract) to give a stop order condition With Low ... If the order is to be Given venta.Si I'm in the bear market (I sold a CFD contract) to give a stop order condition ... If you with gain, the order to be Given is buying.
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