股票外汇技术分析英文版ppt (6)

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股票外汇技术分析英文版11

股票外汇技术分析英文版11

What pattern do you see?
“Run” “Bump”
Fibonacci, one of the greatest mathematicians of all time discovered a sequence of numbers which are now used across many disciplines
Each section of your index finger, from the tip to the base of the wrist, is larger than the preceding - fitting the Fibonacci numbers 2, 3, 5
and 8. By this scale, your fingernail
Draw rays that intersect at 61.8%, 50%, and 38.2%
At the second extreme point, draw a vertical line
Once a reversal occurs, it tends to find support at Fibonacci levels!
Black-eyed Susan
Ordinary field daisies have 34 petals – a fact to be remembered when playing “she loves me, she loves me not”! (with 34 petals, you will always finish with “she loves me not!”)
Elliott Waves consist of 5 moves with the trend (1,3,5 are impulse, 2,4 are corrective) and 3 that are against the trend. A “5-3” wave cycle

股票外汇技术分析英文版

股票外汇技术分析英文版
An example of how currency pairs trade is if a trader believes the Bank of Japan will intervene to cause a decrease in the Yen against the US Dollar, then the trader would buy USDJPY (buy the US Dollar/sell the Yen). However, if the trader believes that Japanese investors are losing faith in the United States' economy and are pulling money out of the US into Japan, then the trader would sell USDJPY (sell the US Dollar/buy the Yen).
More easily understood quotes Currency futures are time-based derivative products whose prices have the added complication of a forward component. The forward component takes into account a time factor, interest rates, and the interest differentials between various currencies.
The Cost of Trading FOREX
Like equities currency pairs have a bid and ask. • The bid rate is the price at which traders can sell the pair. • The ask rate is the price at which traders can buy the pair.

外汇交易技术分析PPT课件

外汇交易技术分析PPT课件

通道被定义为与相应向下趋势线平行的向上趋势线。两条线 可表示价格向上、向下或者水平的走廊。支持趋势线连接点 的通道的常见属性应位于其反向线条的两连接点之间。
完版课件
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完整版课件
9
K线图(阴阳烛)浅析
K线又叫阴阳烛,发源于日本米市场买卖记录。每一个K线均记录 着四项资料—开盘价、最高价、最低价及收盘价,以开盘价及收 盘价作成长方图形,幷以红色表示开盘价低于收盘价的状况,称 为收红,则显示买方的推升力道较强。以黑色长方图形表示开盘 价高于收盘价的状况,称为收黑,表示卖方力道较强,将价格向 下拉。红色或黑色的部分称为身体。在实体下方的线是由开/收 盘价向下延伸至最低价,显示盘中的最低价位,称为下影线。因 为下影线是买方将价格由低处向上推升的痕迹(价格没有收在最低, 意味在该处买方势力强于卖方),因此下影线具有买方力道的意味。 同理,在实体上方的线显示盘中的最高价位,称为上影线,具有 卖方力道的意味存在。此处所用的开盘、最高、最低、收盘价位, 并不限于日价格,时间大小可以任意选择,最高/低价指该期间内 所发生的最高/低价位,而开盘完整价版是课件指该期间首日的开盘价,收1盘0 价则为该期间最后一日的收盘价位。
❖ 技术指标的作用主要有两点:
❖ 1、通过分析技术指标可以在走势形态上没有明显 反转时,就提前发出反转的信号。
❖ 2、在依据形态理论判断走势反转或者持续时,技 术指标可以起到印证的作用。
完整版课件
42
技术指标分析
❖ 技术指标的运用技巧可以细分为7个要素: ❖ 1、指标的背离:指标的走向与价格走向不一致,这时应多
一旦这些水准被打破,它们就会趋向于成为反向障碍。因此, 在涨势市场中,被打破的阻力水准可能成为对向上趋势的支 撑;然而在跌势市场中,一旦支撑水准被打破,它就会转变 成阻力。

股票外汇技术分析英文版ppt (47)

股票外汇技术分析英文版ppt (47)
Unconventional Use of Conventional Indicators April 7, 2012 Invest Fair Singapore 2012
Dr. John F. Clayburg
1
Commodity Trading Advisor Disclosure:

2
"There is a risk of loss in trading. It is the nature of commodity and securities trading that where there is the opportunity for profit, there is also the risk of loss. Past performance is not necessarily indicative of future results".
Today's Presentation
Remember that technical analysis is not a world of absolute certainty…. But a world of probabilities and possibilities.
7
"There is a risk of loss in trading. It is the nature of commodity and securities trading that where there is the opportunity for profit, there is also the risk of loss. Past performance is not necessarily indicative of future results".

股票外汇技术分析英文版

股票外汇技术分析英文版
Each pip is worth $10, 275 pips x $10 = $2,750 profit
Each pip is worth $10, 275 pips x $10 = $2,750 profit
Examples of FOREX Sell Trade
If you think that the Euro will fall relative to the U.S. Dollar you would sell one lot of the EURUSD currency pair.
The EURUSD is trading at 1.1987 when you buy it. The EURUSD is trading at 1.2262 when you sell it.
You bought at 1.1987 and sold at 1.2262 for a profit of .0275 or 275 pips.
Basic of FOREX Pairs
Currencies are quoted in pairs, such as EURUSD or USDJPY. The first listed currency is called the base currency, while the second currency is called the counter or quote currency.
An example of how currency pairs trade is if a trader believes the Bank of Japan will intervene to cause a decrease in the Yen against the US Dollar, then the trader would buy USDJPY (buy the US Dollar/sell the Yen). However, if the trader believes that Japanese investors are losing faith in the United States' economy and are pulling money out of the US into Japan, then the trader would sell USDJPY (sell the US Dollar/buy the Yen).

04第二章外汇技术分析PPT课件

04第二章外汇技术分析PPT课件
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切线法
按照一定的方式和原则在由价格数据所绘制的图表中 画出一些直线,然后根据这些直线的情况推测价格未 来的发展,这些直线就是切线。
切线主要起支撑和压力的作用,支撑线和压力线向后 的延伸位置对价格的波动起到一定的制约作用。
切线的画法最为重要,画的“好与坏”直接影响预测 的结果。
目前,画切线的方法有很多种,著名的有趋势线、通 道线、黄金分割线、甘氏线等。
10
Байду номын сангаас 波浪法
波浪理论得名与1978年美国人柯林斯出版的专著《波浪理 论》。
波浪理论把价格的上下波动和不同时期的持续上涨下降看 成与波浪的上下起伏一样。波浪的起伏遵循自然界的规律 价格也是遵循波浪起伏所遵循的规律。
波浪起伏规律:上升是5浪,下降是3浪。
它相对于其他技术分析方法,最大的区别就是提前很长时 间预见到顶和底,别的方法往往要等到新的趋势已经确立 之后才能看到。
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画法:上升趋势-两个低点相连;下降趋势:两个
高点相连
确认、作用、趋势线的突破
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趋势线画法
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趋势线:注意事项
假如在一天的交易时间里突破了趋势线,但其收 盘价并没有超出趋势线,这并不算是突破(被称 为假性突破),可以忽略它,而这条趋势线仍然 有用。 当突破趋势线时出现缺口,该突破将是强而有力 上升趋势线买入,下降趋势线卖出 趋势线上测试点越多,趋势线越重要 趋势线突破是趋势转变信号 趋势线越陡峭,其可靠性越低,被突破的可能性 越大。
• 阻力线卖出,支撑线买入 • 持仓
卖出
阻力线 s
s
s
b b
b 支持线
a
买入
b 持仓
25
A
26
通道的运用2

股票外汇技术分析英文版(46)

股票外汇技术分析英文版(46)
2nd half of term • Post & Midterm Bear
Markets • Dirty Work Early
* Based on annual close; Prior to 1886 based on Cowles and other indices; 12 Mixed Stocks, 10 Rails, 2 Industrials 1886-1889; 20 Mixed Stocks, 18 Rails, 2 Industrials 1890-1896; Railroad average 1897 (First industrial average published May 26, 1896)
LinkedIn • Brand New Revamped Site & e-Delivery • ETF Lab • Almanac Investor Book Series
3
Almanac Investing Philosophy
• Those who study market history are bound to profit from it.
(16.7%) • Plus Oct Lows in 1962,
1974, 1978, 1998 • 9 Dec Pre-Elect Highs
• Only 5 Bottoms in Pre- or Election
• 8 Tops • Midterm Worst for
Democrats • Dems Reclaim After
Econ Duress
8
Bottom Pickers Paradise
• Often During Crisis • 2009 Paid Right Away • May Pay Again in 2010 • Unmet Promises • 9 of 14 Bears Since 1961

股票外汇技术分析英文版ppt (14)

股票外汇技术分析英文版ppt (14)


Convexity

d2/di2(ln(Price)) Convexity = [ΣCt(vt+2) (t)(t+1)]/Price

Price Sensitivity

Change in price of asset due to change in interest rate i ΔP = -(ModD)(Original Price)(Δi) +0.5(Convexity)(Original Price)(Δi)2

Price = Dividend/i
(level perpetuity)

If dividends are increasing geometrically by a factor of (1+k) each period, effective interest i for each period, with first dividend = Dividend1 paid at the first period-end:
Stock Pricing

Share Price = PV of Future Dividends

If dividends are constant forever, with first dividend paid at period-end, effective interest i for the period:

Thus, any dividends paid during the transaction, which would normally have been paid to the lender, must be covered by the borrower

股票外汇技术分析英文版ppt (12)

股票外汇技术分析英文版ppt (12)

Adjusted BV = BV – (NPV – Acc. Provision)
j
Price multiples: PS multiple


No negative sales Sales is less likely to be manipulated.
Po/So =(Eo/So)(1-b)(1+g)/(r-g)
Cash flows


Growth rate

j
Price multiples

Price Multiples

Link to competitors, industry, past Link to company’s fundamentals – discount cash flows
j
Price multiples: PE multiple
Price multiples: PBV multiple


Book Value is unlikely to be negative. Compared to earnings, book Value is less manipulated. PBV = (ROE-g)/(r-g)
j
Price multiples: P adj BV multiple
j
Analysis:


Top down Bottom up Top down and bottom up
j
Top down / Bottom up

Top down:

Economy -> industry -> firm -> stock Globalization – impact. Firm -> industry -> economy Economy <-> industry <-> firm <-> stock

股票外汇技术分析英文版ppt

股票外汇技术分析英文版ppt
Example Courtesy
Examples of Forex Buy Trade

If you think that the Euro will rise relative to the U.S. Dollar you would buy one lot of the EUR/USD currency pair. The EURUSD is trading at 1.1987 when you buy it. The EURUSD is trading at 1.2262 when you sell it.


Concept of a Currency Trade

A currency pair represents the exchange rate between the two currencies. For example, the rate at which the EURUSD is trading represents the number of US Dollars one Euro can purchase.
The price on the FOREX market is simply how many of one currency people are willing to pay for the other currency-that's it.

No commissions. No clearing fees. No exchange fees The fees on Currency futures can eat into profits
Examples of FOREX Sell Trade

If you think that the Euro will fall relative to the U.S. Dollar you would sell one lot of the EURUSD currency pair. The EURUSD is trading at 1.2812 when you sell it. The EURUSD is trading at 1.2285 when you buy it.

股票外汇技术分析英

股票外汇技术分析英
Suppose that you begin with a pair of rabbits:
➢Rabbits take one month to mature. Once mature, they can breed offspring ➢Offspring come in pairs (one male and one female). A pair of offspring are born
The “Bump”: Increase in trend by more than 50%
Two lows identify the “lead in” trend
The head is the first advance past the left shoulder
The left shoulder is the first high above the current trend
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, ……
Each number in the Fibonacci sequence is the sum of the previous two 1+ 1 = 2 1+2=3 2 + 3 = 5 ….
These numbers seem to appear a lot in nature…
Chart analysis begins with a time series plot of an asset’s price
Charts can be hourly, daily, weekly, etc.
Higher frequency data will be more detailed, but noisier

股票外汇技术分析英文()课程

股票外汇技术分析英文()课程

BUYING SIGNAL
Oscillators with Limits
• RSI • Stochastics
Relative Strength Indicator
• Market o s c i l l a t o r s between 0 (minimum) and 100 (maxim
HOWTO INTERPRET STOCHASTICS
1 . DIVERGENCES
2 . CROSSOVERS
"K" WILL OFTEN CROSSOVER "D" BEFORE "D" CHANGES DIRECTION (normal as "K" i s Kwicker)
THE INDICATOR IS STRONGER WHEN"K" CROSSES "D" AFTER "D" HAS CHANGED DIRECTION.
3 . WHENTHE "K-LINE" REACHES NEAR 100
WITH OVERBOUGHT READINGS IN OTHER INDICATORS AN EXTREMELY HIGH "K-LINE" WARNS YOU OF FURTHER STRENGTH ONCE THE INITIAL OVERBOUGHT LEVELS HAVE NEUTRALIZED.
THE ZERO LINE CORRESPONDS TO WHENTHE 2 MAARE IDENTICAL
WHENMACD>0
ST EMAi s above LT EMA
MACD CARACTERISTICS

《外汇技术分析》PPT课件

《外汇技术分析》PPT课件

射击之星
倒锤线
实例:如图所示,底部倒锤线的出现,预示着汇价 已到底,第二天大阳线的出现,验证了反转的成 立(圆圈内所示);而顶部射击之星的出现,虽 有反转的意义,但第二、三天的阳线则上说明此 反转形态不成立(方框内所示)。
3、乌云盖顶形态和刺透(斩回线)形态
概述: (1)在此形态之前,市场应有清晰的上升或下降走势。 (2)此形态由2根K线组成,第二支K线的实体必段穿过第一支K 线实体的一半即50%,且颜色相反。 (3)穿入程度越深,反转意味越浓。
形态意义: 汇价被一根长阴线所加强的下降趋势已经被接连两天的 止损回升所遏制,多数投资者认为市场底部正在构筑,做 多者逐步增加,推动汇价反转回升。
10、黄昏之星
概述: (1)第一天必须是阳线,并且这根阳线处于上升趋势中。 (2)第二天是星型线(即实体和上下影线都很小的K线), 星型线本身是阴线还是阳线并不重要,重要的是实体与第 一天的阳线实体之间存在窗口跳空。 (3)第二天的实体部分很小,汇价当天在很上范围内波动。 (4)第三天必须是阴线,阴线实体必须推入到第二天星型 线实体内部。若存在窗口跳空,则反转的意义更大。 (见下图)

形态意义: 被一根长阳线所加强的上涨的趋势已经被接连两天的调 整所遏制,第二天的纺轴线显示了趋势的不确定性。第三 天的阴线,收盘更低,显著的趋势反转已经发生。
11、弃婴形态
概述:
(1)弃婴形态是黄昏之星和早晨之星(启明星)形态的一 种特殊形态,它符合黄昏之星和早晨之星(启明星)的一 切条件。 (2)它比前二者所转意义更加强烈,此形态一旦出现,反 转的机率为99.99999999999999999999%!
16、T字线
开盘、收盘价相同。收盘价下方多方买盘积极, 此价位多方有很强的支撑。底部出现此形态为强 烈反转信号。 17、倒T字线 开盘、收盘价相同。收盘价上方空方卖盘积极, 此价位空方有很强的支撑。顶部出现此形态为强 烈反转信号。 18、一字线 开盘、收盘、最高、最低价相同。此形态极少 出现,若出现就是暴涨或暴跌的前兆。
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June 10
July 11
Sep 19
Finalized tables/roadmaps NEMI mapping, DFM roadmap finalized ITRS 2005 content frozen
DRAFT – Work In Progress - NOT FOR PUBLICATION
MTTF contribution circuit families analog content synthesized
design on predictable platforms adaptive/self-repairing circuits leakage
reliability factor # of circuit families in a design % of a design
6
New Table: System-Level Requirements
Year of Production Technology Node % design block reuse # available platforms % available platforms supported by tools % deviation of high level estimates (performance, area, power, costs) 2004 2007 2010 2013 2016 hp90 hp65 hp45 hp32 hp22 30 24 37 20 43 15 48 12 54 10 SOC SOC Driver
Design and System Driver Chapters
Spring Meeting April 2005 Munich, Germany
Design TWG (Europe, Asia, and U.S.)
Albin, Arledge, Asada, Bernstein, Bertacco, Blaauw, Blanton, Brederlow, Briere, Carballo, Chen, Cohn, Cottrell, Darringer, Edwards, Furui, Gowda, Guardiani, Hiwatashi, Kahng, kashiwagi, Kawahira, Kozawa, Ishibashi, Kravets, Martin, McMillan, Nassif, Pan, Macd, Nukiyama, Pitchumani, Pixley, Rosenstiel, Read, Rodgers, Sakallah, Smith, Soma, Stok, Vertregt, Wilson, Yamamoto, Yamada, Yeh
12-13 April 2005 – ITRS Public
Design: Content organization (II)
Scope Complexity and Crosscutting Challenges Design Technology Challenges
- Overall Challenges (5 challenges + table) - Design Methodology Trends (text) - System-level Design - Logical, Circuit, and Physical Design - AMS and RF-specific DT Trends and Challenges (revised) - Design Verification - Design Test
DRAFT – Work In Progress - NOT FOR PUBLICATION 12-13 April 2005 – ITRS Public
7
New Table: System-Level Solutions
2006 2009 2012 2015 2018 2005 2013 2014 20102011 20162017 2019 2020 2007 2008 Technology Node System-level component reuse
DRAFT – Work In Progress - NOT FOR PUBLICATION
12-13 April 2005 – ITRS Public
1
2005 Spring Deliverables
1. 2. 3.
10 new table drafts quantify design technology trends – Final version targeted by June DFM preliminary model enables variability roadmap – DFM roadmapping tool + interface with other groups Draft SoC cost model provides new type of driver – SoC model quantifies productivity and architecture trends
Yes, draft
Yes, draft Yes, draft Yes, draft Yes, draft
Yes, draft
Yes, row definitions Yes, row definitions Yes, draft Yes, draft

Targeting 50-60 new rows
1
50 20 10
10
40 28 17
50
30 35 24
70
20 42 32
90
10 50 40
SOC
SOC SOC SOC
% SOC reconfigurability (SW and/or HW)
% analog synthesizability (vs. digital)
Source: Wolfgang Rosenstiel’s Team
such as FPGAs (%) number of fuses per chip area unit per device, probability distribution
Source: Victor Kravets’s Team
DRAFT – Work In Progress - NOT FOR PUBLICATION 12-13 April 2005 – ITRS Public
DRAFT – Work In Progress - NOT FOR PUB – ITRS Public
5
Detailed Table Status
Section Requirements Solutions
System
Logic/ckt/physical Verification Design Test DFM
Time during which research, development, and qualification/pre-production should be taking place for solution.
Source: Wolfgang Rosenstiel’s Team
DRAFT – Work In Progress - NOT FOR PUBLICATION 12-13 April 2005 – ITRS Public
9
New Table: Logic/Ckt/Physical Requirements
2005 comments % of a design driven by handshake clocking %-effect (on sign-off delay) # of objectives during optimization reliability factor # of circuit families in a single design (optimistic) % of a design analog synthesized hp90 2007 hp65 2009 hp45 2012 hp32 2014 2016 2018 hp16 2020
12-13 April 2005 – ITRS Public
3
Design: Content organization

Promotion of key design challenges – Small subset of them to top-level ORTC
General Selection Productivity Power DFM Interference Reliability
– Leads: Rosenstiel, Soma, Bertacco, Kravets, Nassif/Kahng
Next steps – Incorporate input until final version – Complete coloring
DRAFT – Work In Progress - NOT FOR PUBLICATION 12-13 April 2005 – ITRS Public
8
New Table: Logic/Ckt/Physical Requirements
Requirement asynchronous global signaling parameter uncertainty simult. analysis objectives
Metric #handshake-related components %-effect (on sign-off delay) # of objectives during optimization
hp70 hp50 hp35
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