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Charttechnik strategy – Forex strategy for traders


Whether is traded with shares or with binary options. Most traders must absolutely deal with the Charttechnik to be able to invest in a good course. It is important that is occupied itself extensively with the newest technologies to show an extensive knowledge, when should be invested in a security. A good prediction allows the Charttechnik basically to discover a suitable course for itself. Beginners use different brokers to allow to themselves a sure entrance in the Charttechnik. At least, background knowledge must exist a little as with the charts becomes handled and to which signals must be respected.

The technical analysis

In the technical analysis it concerns a firm component of the financial markets. Since beginning of the 20th century the investors have tried to hold on special relations of the values and to protect therefore that good entrance possibilities are found for trade. Extensive studies are used for it to make clear basic identification numbers of a market or a company and to use this for forecasts. Course courses are statistics which lead with the help of the indicator analysis to clear signals. The real basic acceptance with the Charttechnik is that the past course courses of the past recur. Professional traders have made a note of points in charts which must be kept an eye as special tips. Important methods with the Charttechnik must be absolutely considered to be able to value the course furthermore for themselves. Particularly the following point should be never forgotten.

The trend is your friend

The basic rule for the Charttechnik and the analysis of the technical data is the saying „The trend is your friend“. This saying is used permanently with the Chartanalyse to make clear that one should not sit down against a trend. Striking movements should not be encouraged in her contrast, because mostly the same trend direction will maintain. If a stronger movement should be the case, it concerns a turning point which is signalled prematurely. Different extreme points are marked in an analysis to recognise therefore clear changes early. If a series of trends with many high-level points exists, a downward trend can be recognised. But also Seitwärtstrends exist if a course is for a longer time at the same summit and makes only light swinging movements. Then a just line can be introduced in the charts which gives a clear instruction to a Seitwärtstrend. Basically charts can run in three directions:
  • Upward
  • Down
  • Sidelong
These movements can be ascertained with the Chartanalyse with different tools. The Bollinger of tape are mostly used to guarantee the highest, middle and low marking for the share price. It is important that the different trends are defined clearly to protect therefore that the trend shows a longer validity. Then a trend exists as long as, until he breaks through the course charts and is to be recognised below or above the curve. It is important that the outbreak happens only after the application. On this occasion, it is sufficient that the course is taken down once in the day course to recognise possible changes. According to opinion of experts the last markings should be carried out only after closing price. Other experts see a trend only when concluded if the course exists up to three percent under or about the trend line, it has existed up to now.

High-level points and low

In the analysis of the topical courses the high-level points and low are looked as a rule a little closer to be able to define trend lines. If it is a matter of protecting course aims for a share and of fixing this, the highest and lowest points can be used as a good directive. If a downturn is supposed with a Chart, a low-pressure area which develops from the point upwards should be recognised. The low-pressure area uses as a rule a support. Courses can often turn and develop against a trend line. If the course has changed once, he will not change as a rule next time. The support is the stronger in this connection, the more often this has served than turning point. One can recognise this directly when the past of the topical values is further looked. Moreover, the course courses often recur, which is why the experts of the Chartanalyse would like to look at the past of the course to put forecasts. In the analysis not only the values of a course of the last hour should be looked, but it is important that also the values of the past days are looked. According to forecast period the last period is closer here to look to be able to use similar values than support.
The specialist uses in the analysis of charts the opposition as an important factor which can help in the analysis. For this an opposition line which is used within an upward trend as a hurdle is drawn. In a long-term Chart a breakthrough can be well recognised. With future charts it will be usually difficult to jump over a certain area permanently. Indeed, the break of the opposition line can absolutely happen, the pulled directive is able as a support line is used. With this role exchange it concerns a sure methodology with the Chartanalyse. On this occasion, is to be noticed:
  • Like a previous support the upward trend line can change into an opposition line if it was broken through down
  • Opposition lines and downward trend lines serve after a breakthrough as a support for the course
 When is a trend to an end?

Most traders must know not only, when a trend begins, but when this also stops. Besides, the question is put itself which indicators must be used for this statement. Some formations which can be recognised in a Chart confirm a trend return. If the V formation belongs to it. This name comes on account of the sudden possible trend turn which can lead to a quick downturn or upward trend. That's why reactions seem to look quick like 1 V what is the case in, nevertheless, with a quick increase. With a descent or rubbish of the course an A formation is to be recognised. Of course a reliable use of important indicators should be used for the trend change to be able to recognise a possible return fast. In practice is the constellation this formation is to be found relatively frequent, which is why stockholders should deal more with the specific feature of the formation.
The double ground

The double ground is a sign for the fact that the formation which can be also looked as the letter W is to be recognised in the downward trend. The investors will recognise by the pattern that it concerns a rising course if the W formation was formed to an end. The double ground calls the double top where there is two low, short rising rest and once more a low. Nevertheless, the course ground is not sprinkled extremely, but the ground is stable and stops in the almost identical values. After the middle rest has taken place, a lowering which walks along afterwards with a sudden gradient can be recognised once more. This formation is to be recognised relatively often, nevertheless, shall be recognised mostly with month views and not on single days.

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