00:00
hello everyone this is charting mandan of the chart guys dot-com and in this video we're going to be going over an
大家好，我是 Chart Guys.com 的 Charting Mandan，在本影片中我們將會介紹
00:06
introduction to technical analysis and it's going to be designed for those of us who are just dipping their toes into
技術分析入門，本影片將針對剛開始接觸
00:12
the vast world of charts and technical analysis and every single trader that utilizes technical analysis at one point
廣闊的圖表和技術分析世界的朋友們，每一位運用技術分析的交易者，在某個時間點
00:19
in time was very brand new to everything and everything seemed overwhelming we know there is tons of information out
都曾是新手，一切看起來都令人不知所措。我們知道網路上有海量的資訊
00:25
there on the internet which should certainly be utilized but it's important that we stay organized and don't get
這些資訊當然可以加以利用，但重要的是我們要保持條理，不要感到不知所措
00:29
overwhelmed and be able to direct our focus and our education to learn what is most important and then be able to apply
並能將我們的專注力和學習導向最重要的知識，然後將其應用
00:36
it in the real world to become more profitable traders and investors so what we're going to be going over today is
在真實世界中，成為更有獲利的交易者和投資者。所以我們今天將要探討的是
00:42
the lesson outline here the basic chart elements what we are looking at when we see all those candlesticks shapes and
課程大綱，基本的圖表元素，當我們看到各種蠟燭線形態時，我們在看什麼
00:48
all the lines on the chart we've got volume we're going to look at because that's important for knowing how much
以及圖表上的所有線條。我們將會探討成交量，因為這對於了解交易了多少
00:53
dollar volume is being traded and volume basically is just the amount of shares going back and forth but there's lots of
美元成交量很重要，成交量基本上就是股票來來回回的數量，但有很多
00:59
information that you can gather from that volume data moving averages what they are and how they can be used in
資訊可以從成交量數據中獲取。移動平均線，它們是什麼以及如何在
01:05
your trading game plans trends just the basic overall what makes an uptrend at what makes a downtrend and even if
你的交易計畫中使用。趨勢，基本的整體概念，什麼構成上升趨勢，什麼構成下降趨勢，即使
01:12
you're not going to be a full-time trader and even if you're not going to trade often being a long-term investor
你不是全職交易者，即使你不常交易，作為一個長期投資者
01:17
knowing trends is very important and that's why I think it's essential for pretty much everybody that has anything
了解趨勢非常重要，這也是為什麼我認為對於幾乎所有與
01:22
to do with this market needs i'd say at least a basic bare minimum of a dozen hours of Education to be able to look at
市場有關的人來說，至少需要大約十幾個小時的基本教育，才能夠看懂
01:28
a chart and no my stocks my long-term picture an uptrend or they're in a downtrend and I should get out of these
圖表並了解我的股票，我的長期趨勢，是上升趨勢還是下降趨勢，我應該退出這些
01:35
positions and find stocks that are in a bullish long-term uptrend next we'll look at indicators and these are tools
倉位，並尋找處於看漲長期上升趨勢的股票。接下來我們將會探討指標，這些是交易者工具箱中的工具
01:41
that traders have in their tool belt the RSI and some other things that make trading a little bit easier in terms of
像是 RSI 和其他一些能讓交易更容易的工具，在提供
01:47
giving us other information overbought and oversold conditions and then we'll look at Candlestick psychology because
超買和超賣條件等其他資訊方面。然後我們將會探討蠟燭線心理學，因為
01:52
that's what charting is it is plotting emotion human emotion and psychology in a pictorial form here on a chart and
這就是圖表分析，它是在圖表上以圖像形式描繪情緒、人類情緒和心理。
02:00
being able to utilize that information to stay one step ahead of the herd so to speak and I refer to be heard as basic
能夠利用這些資訊，可以說是領先群眾一步，而我所指的群眾是基本的
02:08
retail traders who are behind the curve a bit so to speak without using technical
散戶交易者，可以說是稍微落後於趨勢，因為他們沒有使用技術
02:13
analysis so let's get right into it and look at basic chart elements so before we get into the basic candlestick
分析。所以，讓我們直接進入主題，看看基本的圖表元素。在我們深入了解基本的K線圖
02:20
representation of what we're looking at on a chart i want to get into what I find very interesting here and it's the
圖表上所呈現的內容之前，我想談談我認為非常有趣的一點，那就是
02:26
history of Japanese technical analysis candlestick trading it originated back in japan in the 1600 and the fact that
日本技術分析K線交易的歷史。它起源於17世紀的日本，而事實上
02:33
we are using this information in this trading style 400-plus years later I find that extremely fascinated and the
我們在四百多年後仍然使用這種資訊和交易風格，我發現這非常引人入勝，而
02:41
reason that that does work is due to the consistency of human emotion and again that's what's depicted on these charts
它之所以有效，是因為人類情感的一致性，而這正是這些圖表所描繪的。
02:47
and being able to capitalize on exuberance and traders over-exuberance we're going to the upside and greed and
能夠利用交易者的過度興奮，也就是我們走向的上漲和貪婪，以及
02:53
being able to capitalize on fear and panic is definitely what these charts are trying to represent to us and like I
能夠利用恐懼和恐慌，這絕對是這些圖表試圖向我們呈現的。而且就像我
03:01
said that human emotion does not change through time certainly hasn't in the past 400 years that worked back then and
說過，人類情感不會隨時間改變，過去四百年來當然沒有改變。那時有效，而且
03:07
it certainly worked now as you will see if you keep diving into technical analysis and sticking with it with
現在也肯定有效，如果你繼續深入研究技術分析並堅持下去，並有
03:13
motivated educational game plans you will first certainly find for yourself that it is more useful to utilize this
有動機的教育性策略，你首先會發現，利用這些資訊會更有用
03:20
information that it would be to completely ignore it so the birth of technical analysis back
而不是完全忽略它。所以，技術分析的誕生追溯到
03:25
at this time period you'll find a lot of the terminology in these technical analysis candlesticks the names of the
這個時期，你會發現這些技術分析K線圖中有很多術語，K線圖的名稱
03:30
candlesticks and it's a lot related to war and that's due to the culture at the time it was a samurai based culture and
很多都與戰爭有關，這歸因於當時的文化，那是一個以武士為基礎的文化，而且
03:38
B there's a lot of war strategy and its really looked at trading as a battle plan so to speak and it was utilized
還有很多戰爭策略，交易真的可以說是被視為一種作戰計畫，它被利用
03:45
most in the rice market there was a man named homina and he was known as the god of the market he dominated the trading
主要是在米市。有一位名叫本間宗久的人，他被稱為「市場之神」，他主導了交易
03:52
industry because he developed and utilize he was one of the developers of technical analysis and being able to see
行業，因為他開發並利用了技術分析，他是技術分析的開發者之一，並且能夠看到
04:00
the chart and the trading action visually certainly gave him a step up on the competition and it showed by the
圖表和交易行為的視覺呈現，肯定讓他比競爭對手領先一步，這也體現在
04:08
amount of wealth that he was able to amass so we used in japan for hundreds of years it didn't wake make its way to
他所累積的財富數量。所以它在日本被使用了數百年，但它沒有傳播到
04:14
the US market until about the 1970 so all in all it's fairly new to the US markets 40 years certainly seems like a
美國市場直到大約1970年代，所以總體而言，它對美國市場來說是相當新的。40年當然看似一段
04:21
long time but when you're talking 400 years back in Japan you can see that we're a bit behind the game
很長的時間，但當你談到日本400年前的歷史時，你會發現我們有點落後了。
04:26
you're in the US but you can see that it is certainly catching on a lot of traders are utilizing it and it's
你在美國，但你可以看到它確實正在流行起來，許多交易者正在使用它，而且它
04:32
becoming more and more popular as more and more people see the benefits of this trading style so let's look now at what
變得越來越受歡迎，因為越來越多人看到這種交易風格的好處。那麼現在我們來看看
04:39
a chart basic chart is and what these candlesticks represent so this is known as the real body of a candlestick and
圖表的基本樣貌是什麼，以及這些K線代表什麼。這就是K線的實體部分，
04:46
it's the solid part and then you have the wick the upper wick and then the lower wick and the lower wick is
它是實心部分，然後你有影線，上影線和下影線。下影線有時
04:51
sometimes referred to as a tail but what it tells us when the candlestick is green and the color of these
被稱為「尾巴」。但當K線是綠色時，它告訴我們什麼？這些K線的顏色很重要，
04:56
candlesticks is important but when it's green we have the open of the day if you're looking at the daily chart the
但當它是綠色時，我們有當天的開盤價。如果你正在看日線圖，K線代表你正在查看的
05:02
candlesticks represent whatever time frame you're looking at so if you're on a daily chart this is one trading day
任何時間框架。所以如果你在日線圖上，這是一個交易日的
05:08
worth of action if you're on a weekly chart one week worth of action and if you zoomed all the way into a one-minute
行情；如果你在週線圖上，就是一週的行情；如果你放大到一分鐘
05:13
chart a candlestick and represent one minute of trading so that the green candlestick you have the open at the low
圖表，一根K線就代表一分鐘的交易。所以對於綠色K線，開盤價在實體的底部，
05:20
of the real body and the clothes at the high and then the range of that trading period is shown in these wicks you have
收盤價在頂部。然後該交易時段的範圍顯示在這些影線中，如果你看的是日線圖，就是當天的
05:27
to low of the day if it's a daily chart and the high of the day now why the color is important because you can see
最低價和最高價。現在為什麼顏色很重要？因為你可以看到
05:32
these two candlesticks look exactly alike but depending on the color that's going to tell you where the opening the
這兩根K線看起來一模一樣，但根據顏色，它會告訴你開盤價和
05:37
clothes are behind the lower going to be the same regardless it's always the top and the bottom of the wicks but
收盤價在哪裡。無論如何，影線的頂部和底部總是代表最高價和最低價，但
05:44
depending on the color of the candlestick it's going to determine where the open and wear the clothes of
根據K線的顏色，它將決定你正在查看的
05:49
whatever time period you're looking at is so you can see the open here and we closed lower so it's a red candle stick
任何時間段的開盤價和收盤價。所以你可以看到這裡的開盤價，我們收盤價較低，因此它是一根紅色K線，
05:55
because the price went down on the day so the wicks are the high and the low the real bodies show you the open and
因為當天價格下跌。所以影線代表最高價和最低價，實體部分顯示開盤價和
06:02
the clothes the color indicates that and the timeframes there are pretty much infinite time frames you can be looking
收盤價，顏色指示了這一點。時間框架幾乎是無限的，你可以查看
06:08
at the one minute to minute 5 minutes 10 minutes hourly all the way up to daily weekly monthly yearly so on and so forth
一分鐘、兩分鐘、五分鐘、十分鐘、小時圖，直到日線、週線、月線、年線等等。
06:14
so let's now look at a chart and see some examples of what these candlesticks shapes can tell us so here we have a
那麼我們現在來看看圖表，舉例說明這些 K 線形態能告訴我們什麼。這裡我們有一個
06:22
daily chart of SPX which is the SMP 500 and because it's the daily chart i know that each candlestick represents one
SPX 的日線圖，也就是標準普爾 500 指數。因為這是日線圖，我知道每一根 K 線代表一個
06:29
full trading day of action if this was the weekly chart i would know that each candlestick is one week but we're
完整的交易日的行情。如果這是週線圖，我就知道每一根 K 線代表一週。但我們
06:35
looking at the daily chart so what we can see from these candlesticks there are dozens and dozens of
看的是日線圖。所以從這些 K 線我們可以知道，有數十種、數十種
06:40
shapes and reshapes indicate different things whether they be bullish or bearish candle sticks and we also need
形態，這些形態代表不同的意義，無論它們是看漲還是看跌的 K 線。我們也需要
06:46
to look at where they occur in the trend that gives us some clues as to what to expect as well you can have the same
看看它們出現在趨勢中的哪個位置，這也能給我們一些線索，預期接下來會發生什麼。你可以有相同的
06:52
exact candlestick shape at the top of an uptrend or the bottom of a Down trend and it means the exact opposite thing so
K 線形態，出現在上升趨勢的頂部，或者下跌趨勢的底部，而它的意義卻完全相反。所以
06:59
it's important to look at the whole picture here and just for going into some of the details right now we can see
重要的是要看全貌。現在我們來深入探討一些細節，我們可以
07:04
what we have here is this is a doji candlestick the high is the top of the wick the low is the bottom of the wick
看到我們這裡有一個十字星 K 線。最高價是上影線的頂部，最低價是下影線的底部。
07:11
and you can see the open and the closer at the same price so there's no real body of the candlestick because there's
你可以看到開盤價和收盤價是相同的，所以 K 線沒有實體，因為開盤價和收盤價之間
07:16
no trading range in between that opened and the clothes and you can see some other candlesticks here we've got this
沒有交易範圍。你也可以看到這裡有一些其他的 K 線。我們有這根
07:22
green candlestick we know the open was the real body of the candlestick to close was the top of the real body and
綠色的 K 線。我們知道開盤價是 K 線實體的底部，收盤價是實體的頂部。
07:29
you can see the lack of an upper week so that shows us that we close fairly close to the high of the day and that's a
你可以看到沒有上影線。這表明我們收盤價相當接近當天的最高價，這是一個
07:34
strong close because there wasn't much profit taking off of the high and you can see here the candlesticks that have
強勁的收盤價，因為從最高價回落的獲利了結不多。你可以看到這裡的 K 線有
07:41
a longer upper week that does show profit-taking because you have the price hitting the high of the day and then by
較長的上影線，這確實顯示了獲利了結，因為價格達到了當天的最高價，然後到
07:47
the time we close it's a little bit lower so that can tell you when there's profit taking it can
收盤時，價格稍微低了一些。這可以告訴你何時有獲利了結，它也可以
07:52
also tell you when bulls are buying the dip look at this candlestick back here you
告訴你何時有買盤承接。看看這裡的這根 K 線，你
07:55
see the long lower wick and the small real body so we can see the price took a big drop at some point during the day we
看到長長的下影線和小小的實體。所以我們可以知道，當天某個時候價格大幅下跌，我們
08:03
hit the low which is the low of the wick and then the Bulls bought that dip and close it up towards the real body here
觸及了最低價，也就是下影線的底部，然後買盤承接了這個下跌，並將價格拉升到實體附近。
08:11
and that shows you that bowls are buying that dip which would be interpreted as bullish the bigger the lower wick you
這表明買盤承接了這個下跌，這可以被解讀為看漲。下影線越長，
08:17
know the more buying off of the low of the day the bigger the upper wick you know the more profit taking from the
知道一天中低點買入越多，上影線就越長，你知道獲利了結的就越多
08:23
high of the day so those are just some basic fundamentals it's very important to look at the candlestick shapes and
一天中的高點，所以這些只是一些基本知識，觀察K線形態非常重要
08:29
determine or learn what they mean and there are like I said there's dozens and dozens of Candlestick names i don't
並確定或學習它們的含義，正如我所說，有數十種K線名稱，我不
08:36
think the names are as important as long as you know what the shape of the candlestick is telling you in terms of
認為名稱本身很重要，只要你知道K線的形態在告訴你什麼，就 terms of
08:42
profit-taking or both buying the dip whether it's a strong or weak candlestick that we can see here this is
獲利了結或買入下跌，無論它是強勢還是弱勢K線，我們可以看到這裡
08:48
almost a red marker BOSU candlestick which is when the open is pretty much the higher the
這幾乎是一個紅色的標記，是開盤價幾乎是最高價的K線
08:53
hey and the clothes in the low of the day and I shows you that the Bears controlled the vast majority of the
一天的收盤價是最低價，這表明熊方控制了絕大部分
08:58
trading day and it's a very bearish candlestick that supposed to a green mario BOSU candlestick where the open is
的交易日，這是一個非常看跌的K線，相對於綠色的K線，開盤價是
09:05
the low of the day the close of the high of the day and it shows the Bulls were in full control and that we also have
一天的最低價，收盤價是一天的最高價，這表明牛方完全控制了局面，我們也有
09:11
other indicators that we're going to go into a little bit more in depth here later in the video we'll look at the RSI
其他指標，我們將在影片稍後更深入地探討，我們將查看RSI
09:16
these bars down here indicate volume and you can see when you put your cursor over a candlestick it tells you the
下面的這些柱子代表成交量，當你將鼠標懸停在K線上時，它會告訴你
09:22
volume it tells you the open to close the high and the low so if you're not seeing any of the trading going on in a
成交量，它會告訴你開盤價、收盤價、最高價和最低價，所以如果你沒有看到任何交易
09:28
particular day you can pretty much get the most important information that you need as a bit of a recap as to what went
在特定的一天進行，你幾乎可以獲得你需要的最重要的信息，作為一個總結，關於當天發生了什麼
09:35
on that day just by the candlestick shape and looking at the links and the real bodies and the volume
僅通過K線形態和觀察影線、實體和成交量
09:41
speaking of volume we're going to be looking at it a little bit more in depth here along with moving averages and both
說到成交量，我們將更深入地探討它，以及移動平均線，兩者
09:47
of these are tools that traders want to have in their tool belt and I refer to them as pieces of the puzzle that give
都是交易者希望擁有的工具，我將它們比作拼圖的碎片，它們為我們提供了
09:53
us a greater picture a bigger picture of what is going on so the volume is the amount of shares traded in a given time
更大的圖景，一個更大的圖景，關於正在發生什麼，所以成交量是在給定時間段內交易的股票數量
10:00
period and if you're on the daily chart we know these candlesticks volume represents one total days worth of
期，如果是在日線圖上，我們知道這些K線的成交量代表一整天的
10:06
shares traded and if it's the weekly chart it's one total week so on and so forth so it's important to distinguish
交易股票數量，如果是週線圖，就是一整週，以此類推，所以區分很重要
10:12
between dollar volume and just volume in general volume is the amount of shares the number but if we take a stock for
美元成交量和一般成交量，成交量是股票的數量，數字，但如果我們拿一支股票
10:19
example a one-dollar stock and we see a million shares traded we know that's a million dollars of volume and if we
舉例來說，一檔一美元的股票，我們看到一百萬股的交易量，我們就知道那是價值一百萬美元的交易量，如果我們
10:26
compare it to a twenty-dollar stock that sees 500,000 shares traded on the surface you would say well there's more
將它與一檔二十美元的股票相比，這檔股票有五十萬股的交易量，表面上你可能會說，那檔
10:31
volume in the dollar stock but if you multiply the share price by the amount of shares traded the volume you get the
一美元股票的交易量更大，但如果你將股價乘以交易股數，你會得到
10:39
dollar volume so it would be 1 million shares on one dollar stock would give you 1 million dollars of volume and
美元交易量。所以，一檔一美元股票的一百萬股交易量會給你一百萬美元的交易量，而
10:45
500,000 shares on a twenty-dollar stock would give you 10 million dollars of volume so it's important to have that
一檔二十美元股票的五十萬股交易量會給你一千萬美元的交易量。所以擁有這個
10:51
metric for comparing different stocks that might be priced at different levels because the share number alone does not
比較不同股票的指標很重要，這些股票的價格可能不同，因為單純的股數並不能
10:58
give us that dollar volume that is very important so the volume also indicates liquidity and many other clues about
給我們那個非常重要的美元交易量。所以交易量也代表流動性以及許多其他關於
11:05
trading action it is very essential that we have liquidity because with liquidity becomes
交易行為的線索。擁有流動性非常重要，因為有了流動性，就會有
11:10
volatility and trading opt opportunity so liquidity is the amount of volume that we see and if you see a stock that
波動性和交易機會。所以流動性就是我們所看到的交易量。如果你看到一檔股票
11:17
has very low liquidity it jumps around it makes charting harder and it makes trading opportunity harder as well so
流動性非常低，它會劇烈波動，這會讓圖表分析變得更困難，也會讓交易機會變得更少。所以
11:24
consistent volume and liquidity is absolutely important when you're making trading or investing decisions
當你做出交易或投資決策時，持續的交易量和流動性絕對重要。
11:30
there's rules of thumb with volume one of those for the bowls is the Bulls always want to see increasing bullish
關於交易量有一些經驗法則，其中一個對多頭來說是：多頭總是希望看到看漲的交易量在上升趨勢中增加，
11:36
volume on an uptrend that shows strength i refer to volume is almost like a proof indicator you can see a bullish move
這顯示了強度。我將交易量視為一種證明指標。你可以看到一個看漲的走勢
11:42
occur and if you see decreasing bullish volume on that move to the upside that would have me questioning the strength
發生，如果你在那個上漲走勢中看到看漲交易量減少，那會讓我質疑其強度
11:49
behind that move and wondering if it's going to be a bit of a fake out or if the Bulls are going to be able to keep
在那個走勢背後，並懷疑這是否會是一個假突破，或者多頭是否能夠維持
11:54
up that momentum but if you see increasing bullish volume on an uptrend you know the volume is backing up the
這種動能。但如果你在上升趨勢中看到看漲交易量增加，你就知道交易量正在支持
11:59
price action and the Bulls are strong there's also indications that you can get from volume on a break out when you
價格走勢，且多頭強勁。在突破時，你也可以從交易量中獲得一些跡象。當你
12:06
see a stock range tighten and the trading range get tighter and tighter it's very often accompanied by
看到股票的區間收窄，交易區間變得越來越窄，這通常伴隨著
12:12
decreasing volume and then once that break occurs from the tightening range it's accompanied by a spike in volume
交易量減少。然後一旦從收窄的區間突破，它會伴隨著交易量的急劇增加。
12:18
and that spike in volume can give you a bit of a heads up that the trading range is about to break volatility and price
而交易量的這種急劇增加可以給你一些提示，交易區間即將突破，波動性和價格...
12:24
action movement is about to pick up those other things we can tell if we're in an uptrend and we see a couple red
動作即將展開，我們可以從其他跡象判斷是否處於上升趨勢，當我們看到幾根紅色K線開始形成，並且成交量呈現看跌的增加，這就是對多頭的警示，趨勢可能正在轉向對空頭有利。
12:31
days start to form and it's on increasing bearish volume that's a heads up to the bulls that the trends might be
趨勢可能正在轉向對空頭有利。
12:37
changing to favor the Bears now conversely if we're in an uptrend and we see decreasing bearish volume on a
相反地，如果我們處於上升趨勢，並且在回調時看到看跌成交量減少，這正是多頭希望看到的，這是正常健康的盤整，我們知道沒有股票會一路直線飆升。
12:43
pullback that's exactly what the Bulls want to see that's normal healthy consolidation we know no stock is just
在上升趨勢中，我們有較高的低點和較高的漲幅，重要的是我們在回調或盤整時看到看跌成交量減少。
12:49
going to go straight up so in uptrends we have higher lows and higher highs and it's important that we see decreasing
在回調或盤整時看到看跌成交量減少，這讓多頭有信心他們仍然掌控著趨勢，價格仍將上漲。
12:56
bearish volume on those pullbacks of consolidation that gives confidence to the bulls that they are still in control
還有一些其他資訊，成交量高峰經常出現在上升趨勢的頂部或下降趨勢的底部，這預示著趨勢反轉。
13:02
of the trend and the price is still going to go up there is also some other information volume climax is often occur
如果你看到成交量大幅飆升，並且在上升趨勢的頂部或下降趨勢的底部出現大量價格波動，我們
13:08
at the top of an uptrend or the bottom of a Down trend and that signals a trend reversal if you see a big spike in
就可以知道要開始朝相反方向尋找，所以成交量絕對是必須使用的關鍵指標。
13:15
volume and a lot of price action around the top of an uptrend or the bottom of the downtown we
如果我能使用的指標數量有限，成交量絕對會是我選擇保留在圖表上的指標之首。
13:20
can know to start looking in the other direction so volume is absolutely an essential indicator to be utilizing if I
兩個移動平均線，現在，移動平均線是拼圖的另一塊關鍵部分。
13:27
were limited on the amount of indicators I could use volume would absolutely be at the top of the list for those that i
因為它們告訴我們在特定時期內的平均價格是多少，而且它們也充當支撐和阻力。
13:32
would choose to keep on my charts on two moving averages now and moving averages or another essential piece of the puzzle
我們稍後將在這裡展示，所以有兩種不同類型的移動。
13:39
because they tell us what the average price was over a certain period of time and they also act as support and
平均線，有簡單移動平均線，然後有指數移動平均線。
13:45
resistance as we will show here in just a minute so there's two different kinds of moving
簡單移動平均線只是計算你正在查看的任何時間範圍內的平均價格。
13:49
averages they're simple moving averages and then there's exponential moving averages the simple moving average is
假設我們正在查看日線圖，那麼 20 日移動平均線將是過去 20 天交易的平均收盤價。
13:55
just the calculation of the average price on whatever time frame you're looking at let's say we're looking at
如果我們在小時圖上，20 期移動平均線是小時圖上最後 20 根K線的平均收盤價。
14:01
the daily chart so the 20-day moving average would be the average closing price of the previous 20 days of action
所以是K線的收盤價被納入移動平均線和時間週期。
14:08
if we're on the hourly chart the 20 period moving average is the average of the last closes of the 20 candlesticks
讓我們知道它回溯了多遠。
14:17
on the hourly chart so it's the close of the candlesticks that gets factored into the moving averages and the time period
指數移動平均線的計算方式略有不同。
14:22
let us know how far back that goes exponential moving averages are calculated a bit differently
讓我們了解指數移動平均線是回溯到什麼時候計算的，指數移動平均線的計算方式略有不同。
14:28
it's a little bit more complex of an equation and we're going to skip that for now we're not going to go too in
這個方程式稍微複雜一點，我們暫時跳過，不會深入探討
14:33
depth and just a quick fact is exponential moving averages react quicker to the price so the 20 PMA would
簡單來說，指數移動平均線對價格的反應更快，所以 20 期 EMA 會
14:41
act quick quicker to the changes in prices and an SMA would but we want to keep it simple here this is an intro
比 SMA 更快地對價格變動做出反應，但我們在這裡想保持簡單，這是入門課程
14:47
lesson so we're going to stick with the simple moving averages as their name so appropriately his name's so this is how
所以我們將堅持使用簡單移動平均線，正如其名稱所示，這就是
14:54
they are written ma 20 that's a simple moving average 20 period if it were ma 200 we noticed the 200 period moving
它們的寫法 MA 20，這是一個 20 期簡單移動平均線，如果是 MA 200，我們指的是 200 期移動
15:02
average and again whenever your timeframe is is going to determine whether that's the 20-day moving average
平均線，再次強調，您的時間週期將決定它是 20 日移動平均線
15:06
2020 week moving average so on and so forth so like I said they active support and resistance when the price is trading
還是 20 週移動平均線，依此類推，就像我說的，它們充當支撐和阻力，當價格交易
15:14
above moving average that moving averages support and when the price is below the moving average that moving
在移動平均線之上時，該移動平均線就是支撐，當價格低於移動平均線時，該移動
15:20
average is resistance in terms of the length of time factored in the longer it is generally it's stronger so the
平均線就是阻力，就時間長度而言，時間越長，通常越強，所以
15:29
200-day moving average is a more significant price level then be 22 moving average would be so if we're
200 日移動平均線是一個比 20 日移動平均線更重要的價格水平
15:35
above the 20-day and the 200-day moving averages i would say that the 200-day moving average is a stronger support
如果我們在 20 日和 200 日移動平均線之上，我認為 200 日移動平均線是比
15:42
level than the 20-day moving averages and that's because there's more time more price action factored into that
20 日移動平均線更強的支撐位，這是因為有更多的時間和價格走勢被納入計算
15:48
calculation it's a bit of a self-fulfilling prophecy and what that means is the more people that are
這有點像一種自我實現的預言，這意味著越多的人
15:53
utilizing technical analysis and looking at these moving averages on a chart the more it's going to come into play if we
運用技術分析並在圖表上查看這些移動平均線，它們就越會發揮作用，如果
15:59
have thousands of traders looking at the 200-day moving average support we can anticipate it's going to be more likely
有數千名交易者關注 200 日移動平均線的支撐位，我們可以預期，當價格觸及該水平時，它更有可能
16:05
than not that when the price hits that level it's going to act as support because traders are anticipating it to
充當支撐，因為交易者預期它會充當支撐，並會在該水平進行買入，所以
16:11
act as support and they're going to be placing their buys at that level so the more people that utilize technical
越多的人使用技術分析，這種自我實現的預言就越會實現，正如我們在過去
16:16
analysis the more that this site self-fulfilling prophecy is going to play out as we've seen over the past
十年中看到的，趨勢非常明顯，技術分析不會消失，而且只會越來越受歡迎
16:22
decade the trend is very clear technical analysis is going nowhere and it's only going to be growing in popularity over
在我認為的未來十年裡，現在我們將來看一個圖表範例，以及成交量和移動平均線
16:28
the next decade in my opinion now we're going to look at an example of the chart and what the volume and moving averages
我認為在未來十年，我們現在來看一個圖表範例，以及成交量和移動平均線。
16:34
are telling us back to our trusty SMP 500 daily chart here and we can see a bunch of lines here a bunch of different
告訴我們回到我們可靠的標準普爾 500 指數日線圖，我們可以看到這裡有很多線，很多不同
16:44
colored lines and the key up here tells us what time frame we looking at I suggest when you are creating your
彩色的線，這裡的圖例告訴我們我們正在看什麼時間範圍。我建議你在創建你的
16:50
chart to always use the same color so you get familiar with them depending on whatever time frame you're on so I
圖表時，始終使用相同的顏色，這樣你就會熟悉它們，無論你在什麼時間範圍內。所以，我
16:55
always know that the red line is my 200-day moving average if I'm on the weekly it's the 200 week moving average
總是知道紅色線是我的 200 日移動平均線。如果我在週線圖上，那就是 200 週移動平均線。
17:01
and getting familiar so you can look here at your chart and know what the colors represent without having to keep
熟悉了之後，你就可以看你的圖表，知道顏色代表什麼，而不必一直
17:06
reading the key and double-check and obviously the more that you look at these church and the more you use them
閱讀圖例並仔細檢查。顯然，你看這些圖表越多，使用它們越多，
17:11
that's going to become ingrained in your memory but as of right now we can see I do have a couple exponential moving
它就會內化到你的記憶中。但就目前而言，我們可以清楚地看到，我確實有幾個指數移動
17:17
averages here you can see there are a lot tighter to the price action but like I said we're going to skip those for now
平均線。你可以看到它們離價格走勢更近，但就像我說的，我們現在先跳過它們。
17:22
look at this 20-day moving average support so this level held as support for almost two months
看看這個 20 日移動平均支撐。這個水平支撐了將近兩個月。
17:28
the longer the moving average hold of support the more significant is it is once that level is lost so we can see it
移動平均線支撐的時間越長，一旦該水平被跌破，它就越重要。所以我們可以清楚地看到
17:35
active support here this is just two days ago on Thursday with the price bounced off that moving average support
這裡的活躍支撐，就在兩天前的星期四，價格從該移動平均支撐反彈。
17:41
and although we dipped below it it's the close of the candlesticks that's important to letting us know if
雖然我們跌破了它，但蠟燭圖的收盤價很重要，它告訴我們
17:47
the moving averages holding as support or if it is lost and then flips to resistance so although we dipped below
移動平均線是否作為支撐有效，或者是否被跌破並轉為阻力。所以雖然我們跌破了
17:54
that moving average we closed above it maintaining that level as support now the next day we dipped below it again
該移動平均線，但我們收盤價在其上方，維持該水平作為支撐。現在，第二天我們再次跌破它，
18:01
and now we close below it so this moving average which has been support for two months because the price is trading
現在我們收盤價在其下方。所以這個移動平均線，因為價格交易在其上方，已經作為支撐近兩個月，
18:07
above it is now resistance heading into next week because we closed the day below that moving average and it is now
現在因為我們收盤價在其下方，它將成為下週的阻力。所以前支撐現在是阻力。還有一個線索，我們可以獲得。看看成交量。我們看到
18:14
resistance so former support now resistance and another clue that we can gain here look at the volume we see an
成交量增加，有利於空頭，因為與前一天相比，這是另一個更低的最高價和更低的最低價。
18:21
increase in volume favoring the bears because it's a another lower high and lower low compared to the previous day
價格走勢。這是下跌的一天，是支撐的失守，並且是看跌成交量的增加。
18:27
of action it's a red day it's a loss of support and it's an increase in bearish volume
我們回頭看看 11 月對選舉的反應。看看成交量，成交量增加。
18:32
we look back here to the reaction in November to the election look at the volume heibel volume increasing volume
我們回頭看看11月對選舉的反應，看看成交量，成交量增加，成交量增加。
18:40
on that breakout and that's how we knew that move was for real it wasn't just a knee-jerk reaction to the election the
突破，這就是我們知道那波走勢是真實的，並非僅僅是對選舉的倉促反應，
18:46
volume told us that the move by the bowls one strong and like I said it's proof that the price action is going in
交易量告訴我們多頭的動能強勁，就像我說的，這證明了價格走勢正朝著
18:54
the right direction because the volume is backing that up and in terms of a pullback the Bears are the Bulls always
正確的方向發展，因為交易量正在支持它，而就回調而言，空頭和多頭總是
19:01
want to see a decrease in bearish volume on consolidation and we don't have that right now we've got an increase in
希望看到在盤整期間空頭交易量減少，而我們現在沒有看到這一點，我們看到的是
19:08
various volume so we're going to be looking to the downside in the short term because the Bears have assumed a
空頭交易量增加，所以在短期內我們將關注下檔，因為空頭已經佔據了
19:13
bit of control now that this moving average has become resistant in terms of other moving averages I can see this
一定的控制權，現在這個移動平均線已經成為阻力，就其他移動平均線而言，我可以看到
19:19
blue line of the 50-day I don't even have to look here because the blue line has been my 50 period moving average for
這條藍線是 50 日均線，我甚至不用看這裡，因為這條藍線多年來一直是我的 50 期移動平均線，
19:25
years so I know that that is instantly what I'm going to be looking at when the blue line and the price is still above
所以我知道這是我會立即關注的，當藍線和價格仍然高於
19:32
that level so that moving average is still support so i know that as the price approaches this blue line we can
這個水平時，該移動平均線仍然是支撐位，所以我知道當價格接近這條藍線時，我們可以
19:38
anticipate it to act as support look back here in late-september the price was below it and this blue line the
預期它會起到支撐作用，回看九月下旬，價格低於它，這條藍線，
19:46
50-day moving average resistance with acting as resistant we see the price get above it but unable to close above it we
50 日移動平均線作為阻力，我們看到價格突破了它，但無法收盤於其上方，我們
19:52
attempt it again we got above it unable to close the day above it so it stays resistance again it's the close of the
再次嘗試，我們突破了它，但無法收盤於其上方，所以它仍然是阻力，再次強調，蠟燭圖的收盤價
19:59
candlestick that is important and then we saw some bearish action and downside over the next three weeks due
是重要的，然後我們看到了一些空頭行為和下檔，在接下來的三週裡，
20:05
to the inability to get over moving average resistance on two trends now and like I said even if you are a long-term
由於無法突破移動平均線阻力，現在有兩個趨勢，就像我說的，即使你是長期
20:13
investor with no interest in short-term trading knowing overall trends is essential and if you have enough
投資者，對短期交易不感興趣，了解總體趨勢也是至關重要的，如果你有足夠的
20:19
practice you can look at a chart and in 10 seconds you can know what the charges in an uptrend or a downtrend so how do
練習，你可以看一張圖表，在 10 秒內就知道該圖表處於上升趨勢還是下降趨勢，那麼我們如何
20:26
we distinguish the prevailing direction of a stock or a commodity the components of a trend are the higher lows and
區分股票或商品的現行方向，趨勢的組成部分是更高低點和
20:34
higher highs we all know the familiar stair step pattern which shows higher lows and higher highs in an uptrend and
更高高點，我們都知道熟悉的階梯式模式，它顯示了上升趨勢中的更高低點和更高高點，
20:40
like I said nothing goes straight up or straight down so it's important to distinguish that even though the stock
就像我說的，沒有什麼是一路向上或一路向下的，所以區分這一點很重要，即使股票
20:45
does go down for certain periods as long as it's progressing with higher lows and higher highs that is the definition of
在某些時期確實下跌，只要它以更高低點和更高高點前進，這就是定義
20:51
an uptrend and inversely a downtrend is lower highs and lower lows it's important to distinguish that the
上升趨勢，反之，下降趨勢是較低的波峰和較低的波谷。區分這一點很重要，
20:58
timeframe that you are looking at can determine whether you're seeing enough to render a downtrend so a stock can be
你所觀察的時間範圍可以決定你是否看到了足夠的跡象來判斷下降趨勢。所以一檔股票可能
21:03
in a long-term uptrend on the weekly time frame over multiple years but if you're just looking at a three-month
在長期的週線時間框架上處於上升趨勢，持續數年，但如果你只看三個月的
21:09
daily chart and that means it's a daily chart over a three-month period of time that can be in a clear downtrend but
日線圖，這意味著是三個月期間的日線圖，它可能處於明顯的下降趨勢，但
21:15
then you need to zoom out to the weekly chart and see that the long-term trend is still very clearly bullish that can
你需要放大到週線圖，才能看到長期趨勢仍然非常明顯看漲。這種情況
21:20
happen many times so it's important to gather a lot of information by looking at different time frames and depending
可能會發生很多次，所以透過觀察不同的時間框架來收集大量資訊非常重要，而
21:26
on what your game plan is that's going to depend on how much weight you put in certain time frame so like I said a
根據你的交易計畫，這將決定你對特定時間框架給予多少重視。所以就像我說的，
21:32
long-term investor they're going to be interested in the monthly the weekly maybe the daily chart but not as
長期投資者，他們會關注月線、週線，也許還有日線圖，但不如
21:38
important as the weekly and longer-term charge if you're looking years out if you're a day trader the weekly chart is
週線圖和更長期的圖表重要。如果你展望數年，如果你是當沖交易者，週線圖
21:44
not nearly as important as the hourly chart because that is much shorter time frame and you're interested with what's
並不像小時圖那麼重要，因為那是更短的時間框架，你關注的是
21:50
going on right now not what's going on in the year-long outlook of the stock so it's important to know what the overall
當下正在發生的事情，而不是股票一年來的展望。所以了解整體趨勢很重要，因為
21:58
trend is because when you're trading your game plan is going to be a little bit different depending on whether
在交易時，你的交易計畫會根據
22:03
you're trading with the trend or against it now we know the saying that the trend is your friend and you want to be
你是順勢交易還是逆勢交易而略有不同。現在我們知道有句話說「趨勢是你的朋友」，你想
22:08
trading with the trend that is absolutely the truth and it's a lot easier to trade with the trend but
順勢交易，這是絕對正確的，順勢交易容易得多，但
22:14
they're certainly opportunities trading against the trend but whenever you're trading against the
逆勢交易當然也有機會，但當你逆勢交易時，
22:18
trend the duration of the train is going to be shorter so we have scenarios where we see an over reaction in the market we
趨勢的持續時間會比較短。所以我們有時會看到市場過度反應，
22:25
see fear and panic and stock completely dropped and we know it's clearly in a downtrend the Bears are in control but
我們看到恐慌和恐懼，股價完全下跌，我們知道它明顯處於下降趨勢，空頭佔據主導地位，但
22:32
if we get some indications from the indicators like the RSI and volume and we have moving average support being
如果我們從 RSI 和成交量等指標中獲得一些跡象，並且我們有移動平均線支撐被
22:38
approached we know that we can look for a short-term oversold bounce and we know that it's going to be a short-term trade
觸及，我們知道我們可以尋找短期超賣反彈，並且我們知道這將是一筆短期交易，因為
22:46
because we're going against the trend so if you're going against the trend duration of the trades or shorter if
我們正在逆著趨勢交易。所以如果你逆著趨勢交易，交易的持續時間會比較短。
22:52
you're trading with the trend the trade can play out over a lot longer period of time because you know you have price
你是順勢交易，交易可以持續更長的時間，因為你知道價格
22:58
history in your favor so let's give an example of each of these trading with the trend and trading against the trend
歷史在你這邊，所以我們舉一個順勢交易和逆勢交易的例子
23:04
so back to the S&P 500 daily chart where each candlestick represents one trading day worth of action this is a
回到 S&P 500 的日線圖，每根蠟燭代表一個交易日的走勢，這是
23:11
three-month chart and you can see we are clearly in an uptrend we had to pull back to start october but we bounce look
三個月的圖表，你可以看到我們明顯處於上升趨勢，十月初我們回檔，但我們反彈了
23:18
where we bounced right off the 200-day moving average support so that moving average acting as support and look at
看我們在哪裡反彈，就在 200 日移動平均線支撐位，所以那個移動平均線作為支撐，看看
23:24
the reaction the Bulls had from that level we had a big bold move there are higher high we consolidated normal
多頭從那個價位產生的反應，我們有一個大膽的走勢，更高的價位，我們盤整了，正常的
23:31
healthy consolidation for short-term periods we formed a higher low continuation with a higher high and now
短期健康的盤整，我們形成了一個更高的低點，然後是更高的價位，現在
23:37
we're consolidating again so on the daily chart we're going to remain in an uptrend as long as we form a higher low
我們又在盤整了，所以在日線圖上，只要我們形成一個更高的低點
23:44
on this pullback that is higher compared to this low so this low was a 2187 rounding here 2187 and we could pull all
在這次回檔中，這個低點高於這個低點，這個低點大約是 2187，2187，我們可以回檔
23:53
the way back to 2188 and it's still a higher low and the uptrend would still be intact looking at a weekly timeframe
到 2188，這仍然是更高的低點，上升趨勢仍然完好，看看週線時間框架
24:00
where each candlestick is one week of action and this is going over one year and three months we can see we are also
每根蠟燭代表一個星期的走勢，這涵蓋了一年零三個月，我們可以看到我們也
24:07
very clearly in an uptrend here where we have our lows we have our higher lows and higher highs as the Bulls progress
非常明顯地處於上升趨勢，我們有我們的低點，我們有更高的低點和更高的價位，隨著多頭的推進
24:14
here and we can see that pretty much every time there is panic the Bulls by the debt
在這裡，我們可以發現，幾乎每次出現恐慌時，多頭都會買入
24:18
here's our break that panic and pulls back the dip and saw a big higher high then we have the election panic with
這是我們突破恐慌並回檔買入的時機，然後出現了一個更高的價位，接著是川普意外獲勝的選舉恐慌
24:24
Trump winning surprisingly and we've got a higher high here again so the uptrend is very clear and we are
我們又出現了一個更高的價位，所以上升趨勢非常清晰，我們
24:30
going to remain in an uptrend as long as we consolidate and form a higher low compared to the low of the most recent
將繼續處於上升趨勢，只要我們盤整並形成一個高於最近
24:38
pullback here 2083 which was right before the election so trading with the trend we can see that on consolidation
回檔低點的更高低點，這個低點是 2083，就在選舉之前，所以順勢交易，我們可以發現，在盤整時
24:48
we should be looking bullish because historically in all of 2016 every pullback has been bought by the bowls
我們應該看漲，因為歷史上在 2016 年的每一次回檔都被多頭買入
24:55
and led to higher highs so trading with the trend of the SMP 500 would mean looking for bullish entries when we have
並導致了更高的價位，所以順勢交易 S&P 500 意味著在回檔時尋找看漲的進場點
25:02
a pullback now conversely if you were trading against the trend you would be looking for short-term pullbacks you can
相反，如果你逆勢交易，你會尋找短期回檔，你可以
25:09
see here these red weeks we have three red weeks before the bull show back up three red week so you can see that the
請看，這裡有這些紅色週線，在多頭再次現身之前，我們有三根紅色週線。所以你可以看到，
25:15
periods of pullback are shorter term compared to the period of bullish activity which is going with the overall
回檔期相對較短，而看漲活動期則較長，這與整體
25:23
trend so if I were playing anything bearish in the SMP 500 I would know to keep my short my trading timeframe short
趨勢一致。因此，如果我在標普500指數中進行任何看跌操作，我會知道要將我的交易時間框架保持較短，
25:31
because I'm going against the grain in terms of the overall trend let's now look at some downtrends here
因為我是在逆整體趨勢而為。現在我們來看一些下跌趨勢。
25:38
is an example of a Down trend it's GW ph on the daily timeframe and we can see our high back here and early October we
這是一個下跌趨勢的例子，是GWPH的日線圖。我們可以看到十月初的高點，我們
25:45
pull back significantly we established our low about attempt it's still a lower high we look back at the price action
大幅回檔，
25:52
137 88 and the highway here was one 3451 so still a lower high we pulled back and we had a lower low below this
13788，而高點在這裡是13451，所以仍然是較高的高點。我們回檔，並且在低於這個
26:01
consolidation was 110 65 and we broke that level hitting down to 10 7 10 so there's a clear lower high and a lower
盤整是11065，我們突破了那個水平，跌至10710，所以這是一個明顯的較低的高點和較低的
26:09
low another lower high and a tight trading range so you look at this daily chart and you say ok GG WP h is in a
低點，另一個較低的高點，以及緊密的交易區間。所以你看這個日線圖，你會說好的，GG WP，它處於
26:15
downtrend and that is true on this daily chart but it's important to get all the information look at lots of different
下跌趨勢，這在日線圖上是正確的，但重要的是獲取所有資訊，查看許多不同的
26:21
time frames to put the pieces of the puzzle together and we look at the weekly chart and say oh mandy WTH is
時間框架，以拼湊出完整的圖景。我們看看週線圖，然後說，喔，天啊，這
26:27
actually in a long-term bullish uptrend since back in mark very clear higher lows and higher highs progressing up for
實際上自從三月以來一直處於長期的多頭上漲趨勢，非常明顯的更高低點和更高高點持續向上發展
26:36
the bowls and we actually hit an all-time high back here in october so we're seeing be pull back from that
的碗，而且我們實際上在10月這裡達到歷史新高，所以我們看到它正在從那個
26:42
time high it might be a little bit deceiving as we zoomed in and only focused here and if this is the only
時間高點回檔。如果我們放大並只關注這裡，這可能會有點誤導，如果這是唯一的
26:47
time frame we use the daily three months chart it would be essentially having blinders on and missing the overall
時間框架，我們使用三個月的日線圖，那將基本上是戴上眼罩，錯過整體
26:54
bigger picture that we can see by zooming out so we know that the bowls are in control of the longer-term
大局，我們可以通過縮小視角來看到。所以我們知道，在較長的時間框架中，多頭控制著
27:00
timeframe so while we may be looking bearish on the daily chart we can anticipate that it is more likely than
時間框架，所以雖然我們在日線圖上可能看起來是看跌的，但我們可以預期，多頭更有可能
27:05
not that the Bulls will show up to keep this day this weekly uptrend intact over the long term so we might be looking for
挺身而出，以維持這個日線圖，這個週線圖的長期上漲趨勢。所以我們可能會尋找
27:13
shorter term trade if we are looking bearish on the daily timeframe and that being said we can also be looking for
如果我們看空日線圖，或許可以尋找短期交易機會，也就是說，我們也可以尋找
27:19
longer-term bullish entries anticipating that the Bulls are going to show up again as they have been doing all year
長期看漲的進場點，預期如同今年以來的情況，多方勢力將再次挺身而出。
27:25
after period of consolidation hi guys Jason here partner with the target.com and i'm joining down today to
經過一段盤整期後，大家好，我是 Jason，是 target.com 的合夥人，今天我來跟大家聊聊指標。
27:32
talk to you a little bit about indicators so by now your technical analysis career you've probably come
到目前為止，在你的技術分析生涯中，你可能已經看過一些帶有線條的圖表，你可能還不明白它們的意思，而那些很可能就是各種形式的圖表指標。
27:38
across some charts with lines you might not yet understand and those are very likely just going to be different forms
所以一開始，指標就是一種複雜的方式來呈現市場數據。
27:45
of chart indicators so right off the start indicators are just a complex way of representing market data they take
它們擷取價格資訊，重新處理、操縱、改變，並找到新的、有趣的方式來視覺化呈現。
27:54
price information they rework it manipulated change it and they find new and interesting ways to visualize it and
這些改變都是透過數學計算來完成，有不同的目標，但歸根究柢，
28:02
these changes are all do the mathematical calculations that have different goals but the end of the day
它們都是使用我們在蠟燭圖中看到的相同價格資訊。關於指標，我想強調幾點非常重要的事項。
28:07
they're all using the same price information that we see in our candlestick terms there's a few very
首先，指標是描述性的，不是預測性的。
28:13
important items that i want to express regarding indicators first indicators are descriptive they are not predictive
它們擷取不同時間段的舊數據，進行平均、計算、改變，
28:21
they take old data over different periods of time the average it they calculated to change
並利用這些數據呈現新的形式。因此，指標告訴我們已經發生了什麼，而不是
28:28
it and they use that data and represent new forms because of that indicators tell us what has already happened not
將要發生什麼。其次，指標總是滯後的。就像我說的，它們使用過去的市場
28:36
what is going to happen secondly indicators are always lagging like I said they use previous market
數據，有時長達兩週或 14 個週期，它們擷取過去發生的資訊，並用來
28:44
data sometimes up to two weeks old or 14 periods and they take information about what happened and they use that to
試圖預測，如果你願意這麼說的話，市場將會發生什麼。所以從這個角度來看，
28:52
attend to forecast if you will what's going to happen in the market so in that respect
這很像試圖預測天氣。我們擷取目前的狀況，將其與我們在類似狀況下的
28:57
it's a lot like trying to predict the weather we take the current set of conditions we compare that to the
歷史經驗進行比較，並試圖預測將會發生什麼，
29:03
historical set of experiences that we have in similar conditions and we attempt to predict what is going to
根據過去的經驗。指標本身有非常廣泛的複雜度。你可以
29:09
happen based off what has happened previously indicators themselves have a very wide range of complexity you can
有一個單一線條的指標，它只是簡單地計算三天的平均值。例如，如果我們有三天的價格走勢，
29:17
have a single line indicator that simply it's a three-day average so for example if we have three days of price action or
我們的收盤價分別是 5 美元、10 美元和 15 美元，如果我們計算這三天的移動平均價，
29:24
are closing prices five dollars ten dollars and fifteen dollars if we have a three day moving average of that price
也就是我們的 3MA，那將是 10 美元。市面上存在著無數的指標，
29:31
or are three ma it's going to be ten dollar and there are simply through countless indicators that are available
真的有數百種，而且新的指標也一直在被開發。我們有 MACD，我們有 RSI。
29:39
literally hundreds of them and new indicators are being developed all the time we have macd we've got our side
實際上數以百計，而且新的指標也一直不斷被開發。我們有 MACD，我們還有 RSI。
29:46
that we're going to look into we've got the notion thing with stochastics faster castex slow stochastic balance of power
我們將會探討，我們有隨機指標的觀念，快速隨機指標、慢速隨機指標、力量平衡指標
29:55
average directional index average true range there's literally hundreds of these indicators that people have
平均趨向指標、真實波幅平均值，市面上真的有數百種這樣的指標，人們
30:01
developed that all used price action price history and the try and change in a new way to give them the edge and give
開發出來，它們都使用價格走勢、價格歷史以及試圖以新的方式來改變，以給予他們優勢，並給予
30:08
them a competitive aspect in the market so really that the take-home lesson that i want to express these last few minutes
他們在市場上的競爭優勢，所以真的，我想在最後幾分鐘表達的重點是
30:15
is that indicators are just a really complicated way of showing you things that you can already see the same data
指標只是顯示你已經可以看到的東西的一種非常複雜的方式，相同的數據
30:22
is being used and it's being calculated and presented for you so we're gonna be using indicators I feel that it's
正在被使用，它正在被計算並呈現給你，所以我們將會使用指標，我認為
30:29
critically important to understand how indicators are derived how the information is collected manipulated
了解指標是如何產生的、資訊是如何收集、處理
30:35
presented in really having a solid grasp on what is happening behind the scenes before we start utilizing indicators in
並呈現的，以及在我們開始在日常交易中使用指標之前，真正紮實地掌握幕後發生了什麼事，是至關重要的。我認為你會遇到很多人使用 MACD，但他們真的不知道它是如何
30:43
our daily trading I think you'll encounter a lot of people who use the MACD who really have no clue how it
運作的，或者它對尋找線條交叉線條的人有什麼作用，卻不理解正在發生的數學原理
30:50
functions or what it does for someone looking for lines crossing lines without understanding the math that's going on
運作的，或者它對尋找線條交叉線條的人有什麼作用，卻不理解正在發生的數學原理
30:56
so with that in mind what I'd like to do is pick a look at the RSI indicator bring to investigate what it is what it
因此，考慮到這一點，我想做的是選擇並查看 RSI 指標，來探討它到底是什麼，它的意義是什麼
31:03
means and then we're going to get into the real meat and potatoes of it and take a look at the calculation that's
然後我們將進入其核心內容，並查看正在發生的計算
31:08
happening that drives our RSI value so what is the RS hot the RSI is termed the relative strength index and it is an
驅動我們的 RSI 值，那麼什麼是 RS 熱？RSI 被稱為相對強弱指數，它是一個
31:19
indicator that measures relative velocity of price movement to proceeding so it's an indicator that tells you
指標，用於衡量價格變動的相對速度與先前相比，所以它是一個指標，告訴你
31:26
essentially a particular stock is overbought or oversold and it does this by presenting a value that is based on a
基本上某個特定的股票是超買還是超賣，它通過呈現一個基於
31:33
0 to 100 scale where 100 is an over block condition and 0 is an oversold Commission and it takes 14 periods of
0 到 100 的範圍的值來做到這一點，其中 100 是超買狀況，0 是超賣狀況，它取 14 個週期的
31:41
price information so if you're looking at a 14 so if you're looking at a daily chart you can use the last 14 days of
價格資訊，所以如果你看的是 14，如果你看的是日線圖，你可以使用過去 14 天的
31:48
information if you're looking at a five-minute sure it's going to be using last five minutes it can be using the
資訊，如果你看的是五分鐘圖，它將使用過去五分鐘，它可以使用
31:54
last 14 five-minute period in its calculation so this value represented as anything between 0 and 100 supposed to
其計算中的最後 14 個五分鐘週期，所以這個值代表介於 0 到 100 之間的任何數值， supposed to
32:03
tell us something is overbought or oversold now how can we use something if we don't really understand what is
告訴我們某物是超買還是超賣，現在，如果我們不真正理解是什麼，我們該如何使用它？
32:09
happening and that's why we're going to look at the map so that you can get a foundational understanding of what's
正在發生，這就是為什麼我們要看圖表，以便您能對正在發生的事情有一個基礎的了解
32:14
happening in all indicators not just the RSI I guess I said we're taking price information and we're changing it and
在所有指標中，而不僅僅是 RSI。我想我說過我們正在獲取價格資訊，然後進行更改，
32:20
now we're going to learn how it's changed for the RSI in particular so now we're going to look at the actual RSI
現在我們將學習 RSI 的具體變化方式，所以現在我們將查看實際的 RSI
32:26
calculation what's happening minus team gives us our value on the 0 to 100 scale so we're looking at the RSI there is one
計算，發生了什麼減去什麼給我們 0 到 100 的數值，所以我們正在查看 RSI，有一個
32:36
major calculation a sub calculation that has two components with two different calculations that contribute data to the
主要計算，一個子計算，它有兩個組成部分，兩個不同的計算為
32:45
overall data set so it will serve the very top and look at our major calculation and that is relative
總體數據集貢獻數據，所以我們將從最頂部開始，看看我們的主要計算，即相對
32:51
strength index equals 100-100 over 1 plus the RS or RS is your relative strength
強度指數等於 100-100 除以 1 加上 RS 或 RS 是您的相對強度
33:01
to complete this calculation we need to understand what relative strength is and that is the average gained over average
要完成此計算，我們需要了解什麼是相對強度，即平均漲幅除以平均
33:08
loss now the RSI is a 14 period momentum indicator meaning we use 14 days worth of data if we're looking at a daily
跌幅。現在 RSI 是一個 14 期動量指標，這意味著我們使用 14 天的數據，如果我們查看日線
33:16
chart so over here on the left of the screen we can see that we have 33 days where the data that we're using our our
圖表，那麼在這裡螢幕的左側，我們可以看到我們有 33 天的數據供我們使用，我們的計算
33:23
calculations and because we are using the 14 periods we need to have at least 14 days to start our calculation so ers
並且因為我們使用 14 期，我們至少需要 14 天才能開始我們的計算，所以 RS
33:32
is actually two different components to its calculation the very first one is the sum of gains over the last 14 period
實際上是其計算的兩個不同組成部分，第一個是過去 14 期漲幅的總和
33:39
/ 14 to give average or in the case of losses it's some of losses over the past 14 periods and / 14 to give your app now
除以 14 得到平均值，或者在跌幅的情況下，是過去 14 期跌幅的總和除以 14 得到您的平均值。現在
33:48
we look over here and our average gain column click on our first value for average games we can see that it is a
我們在這裡看我們的平均漲幅欄，點擊我們的第一個平均漲幅值，我們可以看到它是
33:56
collection of all of the games and a lot previous 14 periods that are summed an average 224 likewise losses in red here
過去 14 期所有漲幅的集合，總和並平均為 224。同樣，這裡的紅色跌幅
34:05
are collected averaged and represented and then RS is simply our average games / our efforts losses resulting in 2.39
被收集、平均並表示出來，然後 RS 簡單地是我們的平均漲幅除以我們的平均跌幅，結果為 2.39。
34:14
now that support the very first set of data for the first representative value of RS after that when we still
現在這支持了 RS 的第一個代表性數值的數據集，之後，當我們仍然
34:23
incorporate the 14-day average we don't need to 14 periods of data because it's already been incorporated to our first
納入 14 天平均值時，我們不需要 14 期數據，因為它已經被納入到我們的第一個
34:30
average average lost value so what happens now is the calculation changes from some of games of the last 14 beers
平均漲幅和平均跌幅值中，所以現在的計算從過去 14 期的漲幅總和
34:36
/ 14 to a new calculation which takes our previous average gain x 13 plus the current gain over 14 now that probably
除以 14 變為一個新計算，該計算將我們之前的平均漲幅乘以 13 加上當前漲幅除以 14。這可能
34:46
sounds confusing and it is so we'll take a look at exactly what's going on there self average gain in this case we had
聽起來很混亂，也確實如此，所以我們將仔細看看那裡到底發生了什麼。平均漲幅，在這種情況下，我們有
34:54
all 14 periods sounds average now when we go to our next data set we're not going to be using that system anymore
所有14個週期聽起來是平均的。現在當我們進入下一個數據集時，我們將不再使用那個系統。
35:02
we're going to be using the second component here and we can actually see that what we do is we take that
我們將使用這裡的第二個組成部分，我們實際上可以看到，我們所做的是取那個
35:07
point2 for value which we know incorporates that 14-day dataset and the newest gain which in this case is
0.24的值，我們知道它包含了14天的數據集和最新的漲幅，在這種情況下是
35:15
nothing and because it's nothing our value decreases because we could take a loss on that day we can see that our
零。因為它是零，我們的價值會下降，因為我們那天可能會蒙受損失。我們可以看到我們的
35:22
average loss increases and rs changes because of that so we've sort of established would be RS
平均損失增加，RS也因此改變。所以我們已經大致確定了RS
35:27
is a basic value and we can see that as our average gains increase and decrease our artists changes and moves up and
是一個基本值，我們可以看到隨著我們的平均漲幅增減，我們的RS會改變並上下波動。
35:34
down our RSI the major component of this calculation takes that information and use it for its calculation so if we look
我們的RSI，這個計算的主要組成部分，會取用這些資訊並用於其計算。所以如果我們看
35:43
at this value of 70.5 three and we go up here to our Excel calculations if we ignore the other excel magic what's
這個70.53的值，然後我們回到我們的Excel計算，如果我們忽略其他的Excel魔法，
35:51
happening here we can see the RSI it's 100-100 divided by 1 plus J 17 which in this case represents that days RS values
這裡發生的是，我們可以看到RSI是100減去100除以1加上J17，在這種情況下代表當天的RS值。
36:02
now for those of you who are strong in math and I am certainly not stronger mass a lot of this can be really
現在對於那些數學很強的人來說，我當然不是數學很強的人，很多內容可能真的
36:09
confusing and these values that we see for RSI constantly change because we did it comes in all the time right
很混亂，我們看到的RSI這些值會不斷變化，因為數據一直都在進來，對吧？
36:15
every day and every period we see new changes new prices and rs and because of that changes an RSI in our archive
每天和每個週期我們都會看到新的變化、新的價格和RS，因此RSI和我們存檔值也會改變。
36:23
values we can see in this chart here changes in correspondence to our RSS value now the goal of what i was trying
我們可以在這張圖表中看到，它會隨著我們的RS值而變化。現在我今天試圖做的目標是
36:31
to do here today let me show you that even a basic indicator a single line in the case of the RSI has a very complex
讓你們看到，即使是一個基本的指標，一個單一的線條，就像RSI一樣，背後也有非常複雜的
36:40
mathematical scheming behind it and so me personally in order to understand how indicated works i feel that i need to
數學機制。所以就我個人而言，為了理解指標如何運作，我覺得我需要
36:50
investigate what's happening behind the scenes i need to have a grasp on the fundamentals of that indicator and I
探究幕後發生了什麼。我需要掌握該指標的基本原理，而且我
36:56
need to know what that value actually represents so if you're going to be using indicators i really encourage you
需要知道那個值實際代表什麼。所以如果你打算使用指標，我真的鼓勵你
37:02
to at least spend a little bit of time in your foundational studies to go into the math look at what's happening with
至少花一點時間在你的基礎研究上，去深入了解數學，看看指標發生了什麼，
37:09
an indicator where is the value coming from what components are being combined manipulated and represented and when you
這個值從何而來，哪些組成部分被組合、操縱和呈現。當你
37:16
actually looking at a screen when you see a red line cross a black line what does it mean
實際上，當你在螢幕上看到一條紅線穿過一條黑線時，這代表什麼意思？
37:22
what does today to come from and how can you use it once you have at least even a foundational understanding of the
今天會講到什麼，以及在你至少對指標背後的數學有基本了解後，該如何運用它？
37:29
mathematics behind your indicators you're going to be so far ahead of your peers who having some of the time who
你將會遠遠領先於你的同儕，那些花費許多時間，
37:34
haven't put the effort in the study and who ultimately will be coming to you for knowledge because you have a grasp on
沒有努力學習，最終會向你尋求知識的人，因為你掌握了
37:40
what your indicator means and what is telling you about the price action so I hope that was helpful I was a really
你的指標代表什麼，以及它告訴你關於價格走勢的訊息。希望這對你有幫助。這是一個非常
37:48
quick introduction there are many more videos that we have regarding indicators and help to keep making them in the
簡短的介紹。我們還有許多關於指標的影片，並將在未來繼續製作。
37:53
future so thank you for checking out our video and go back to dance so back now to the psychology aspect and
感謝你觀看我們的影片，現在回到心理層面，
38:01
how human emotion is shown on these charts it's the shape of the candlesticks combined with these other
以及人類情緒如何在這些圖表中展現。蠟燭線的形態，結合其他
38:06
indicators like the RSI that can give us overbought and oversold conditions and you're going to be seeing dozens and
指標，如 RSI，可以告訴我們超買和超賣的狀況。你將會看到數十種
38:13
dozens of indicators out there and it's certainly worth exploring and finding out which ones you like best
指標，絕對值得去探索，找出你最喜歡的。
38:18
but again it's important to not get overwhelmed as to its important to focus on one at a time and look a little bit
但再次強調，重要的是不要感到不知所措，一次專注於一個指標，並深入
38:24
more in depth and take it slow make sure you're absorbing the information the last thing you want to do is try and
了解，慢慢來，確保你吸收了資訊。你最不想做的事情就是試圖
38:30
watch 10 hours of video in a day because a lot of that information is not going to be retained but looking at these
一天看 10 小時的影片，因為很多資訊將無法被記住。但是看這些
38:36
charts and giving the chart of voice so to speak what are these candlesticks telling us
圖表，讓圖表說話，可以說，這些蠟燭線告訴我們什麼？
38:41
if we see a long upper wick at the top of an uptrend with some high volume we know there's a lot of profit-taking and
如果我們在上升趨勢的頂部看到一個長長的上影線，伴隨著一些高成交量，我們就知道有很多獲利了結，
38:47
we can anticipate that the bears are going to start to show up and we're going to see normal healthy
我們可以預期空頭將開始出現，我們將看到正常的健康
38:51
consolidation after a strong move to the upside the volume in the weeks are really nice indications together to tell
在強勁上漲後出現盤整。成交量和影線結合起來，是很好的指標，可以告訴
38:58
us what is going on as is the positioning on the trend that's important
我們正在發生什麼事，趨勢的位置也很重要。
39:01
like I said earlier the same candlesticks shape depending on where it occurs on the trend can tell you
如我先前所說，相同的蠟燭線形態，取決於它出現在趨勢的哪個位置，可以告訴你
39:07
completely different things so here's an example that doji candlestick and again that's the candlestick that looks like a
完全不同的事情。所以這裡有一個例子，是十字線（Doji），再次強調，這是看起來像一個
39:12
cross where you have the high and the low but the open and the clothes are at the same level so what that basically
十字線，其高點和低點不同，但開盤價和收盤價在同一水平。這基本上
39:18
tells you is indecision it shows the Bulls controlling part of the day the Bears controlling part of the day but
告訴你的是猶豫不決。它顯示多頭控制了一天的部分時間，空頭控制了一天的部分時間，但
39:25
the opening the clothes was about the same so it's a pretty much going back to the samurai terminology it's an even
開盤價和收盤價大致相同。所以，如果回到武士術語，這是一場勢均力敵的
39:31
battle both sides battled evenly and we close at the same price that we opened now if that price for that candlestick
戰鬥，雙方勢均力敵地戰鬥，我們以開盤價收盤。現在，如果那根K線的價格
39:38
the doji occurs at the top of an uptrend that is a bearish reversal candlestick because it shows indecision it shows the
（十字星）出現在上升趨勢的頂部，那是一個看跌反轉K線，因為它顯示猶豫不決，它顯示
39:46
Bulls unable to continue to push higher and it has a starting to look for some pull back if it occurs at the bottom of
多頭無法繼續推高，並且它預示著我們將開始尋找一些回調。如果它出現在
39:53
a Down trend that indecision doji tells us the Bears are tiring the Bulls are beginning to show up and has looking for
下降趨勢的底部，那個猶豫不決的十字星告訴我們空頭正在疲憊，多頭開始出現，並且預示著我們將尋找
40:00
some upside and if it occurs in the middle of its not really at the clear point of an uptrend or downtrend it just
一些上漲。如果它出現在中間，不是真正的上升趨勢或下降趨勢的明確點，它只是
40:06
shows a straight-up indecision with neither the bowls or the Bears knowing which direction we're heading
顯示出徹底的猶豫不決，多頭和空頭都不知道我們接下來
40:11
next and it shows and even battle so that's just one example again there are dozens and dozens of these candlesticks
會走向哪個方向，並且它顯示出一場勢均力敵的戰鬥。所以這只是一個例子，再次強調，有數十種
40:18
shapes it's worth getting to know them and getting to know what they are telling us by where they are positioned
不同的K線形態，值得去了解它們，並了解它們在圖表上的位置
40:24
on the chart so this is a very very brief introduction to technical analysis it is the tippity top of the iceberg
告訴我們什麼。所以這是一個非常非常簡短的技術分析介紹，它是冰山一角。
40:32
we at the chart guys have a five-hour six-hour course that is a next step going forward entries and exits and
我們Chart Guys有一個五小時、六小時的課程，那是下一步，關於進場和出場，以及
40:39
knowing how to time them with your trades we also go over a bunch of the indicators of much more in depth and
如何在你的交易中把握時機。我們還會更深入地探討許多指標，並且
40:45
really just a more in-depth grasp on how things are utilized with charge for trading but definitely worth exploring
更深入地掌握如何利用圖表進行交易，但絕對值得進一步探索。
40:53
further this is step one dipping the toe into the ocean like I said and that's a pretty good analogy because the amount
這是第一步，就像我說的，將腳趾伸入海洋，這是一個很好的比喻，因為你可以在外面找到的
40:59
of information that you can find out there on technical analysis is extremely overwhelming it's important to stay
技術分析資訊量非常龐大，令人不知所措。重要的是要保持
41:05
focused and motivated to work towards your path toward success and be able to utilize this information for the next
專注和動力，努力走向成功之路，並能夠在接下來的
41:13
few decades for your entire life it's a very comforting feeling to know that retirement is not the end of income
幾十年，甚至你的一生中利用這些資訊。知道退休不是收入的終點，這是一種非常令人欣慰的感覺，
41:19
if you can utilize charge to make good trading or investing long-term decisions I appreciate you watching feel free to
如果你能利用圖表做出好的交易或長期投資決策。感謝你的觀看，請隨意
41:27
ask any questions we'd be happy to answer them I hope you have a wonderful day
有任何問題，我們都很樂意為您解答。希望您有個美好的一天。
