II.4. Reading the graph.

To work successfully in the market, you need to learn how to read the chart and understand it, see the appearance of trading signals. For training, it is very useful to study historical data by closing the right part of the chart and moving the chart, revealing the next right bar. Here is another more detailed example of reading the exchange chart using the example of the price change chart of the Mosbirzha JSC stock.

Fig.31. Schedule of JSC “Mosbirzha”. In vol. 1, vol.2 we see the continuation of the wave of price rise, we remain in the long. In vol.3. there is a sharp drop in the price with a return above the opening price. A seller appeared, in vol. 4. we go into the short. In vol.5-vol.9, we save the shorts until the exit signal appears. The bar in T.10 is the final one, we exit the deal. The coup is dangerous. If possible, we enter the Long at the beginning of the session at t.10, after receiving confirmation of the upward movement of the price. At the end of the trading day at t.12. we exit the transaction. The bar in volume 13 gives a signal for the beginning of the price movement down. We go into the short. The bar in volume 13 confirms our point of view, we put a stop loss. We are knocked out by a stop on the bar at t.14. We are waiting for a confirmation bar at t.15 and go into the short again. We sit out T.16, 17, roll down. At the end of the day, we put a stop at the bar at t.21. t.22, t.23 we skip due to uncertainty. At the end of the day at t.24 we go to Long. At the end of the day, we put a stop loss at point 25. We move the stop in volume 26 above. Stop knocks out the bar in T.27. We skip the bar in T.28. At t.29 we see a signal to continue moving down, go into a short with a stop, roll down, moving the stop order after the price.

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