Everything that affects a market and makes it move, from news, to economic reports, to big players like hedge funds and banks, is reflected via the raw price action on a?price chart. Thus, when you try analyzing all variables external to the price action of a market, you are doing something that is unnecessary, a waste of time and that makes the entire trading process far more complicated than it needs to be.
影響市場(chǎng)并使其移動(dòng)的一切都，從新聞到經(jīng)濟(jì)報(bào)告，再到對(duì)沖基金和銀行等大公司，都通過價(jià)格圖表上的原始價(jià)格行為反映出來。因此，當(dāng)您嘗試分析市場(chǎng)價(jià)格行為之外的所有變量時(shí)，您正在做一些不必要的事情，浪費(fèi)時(shí)間，并且使整個(gè)交易過程比它需要的要復(fù)雜得多。

Fundamental analysis vs. Technical analysis
基本面分析 vs. 技術(shù)分析

The age old debate of Fundamental vs. Technical analysis is one that will probably never end. Fundamental traders trade solely off news and economic data, or “fundamentals”, as they believe they can make the best trading decisions from analyzing this information. Whereas, technical analysis traders make their trading decisions solely off price charts. Price action traders, are a specific type of technical analysis trader who make all their trading decisions solely off a market’s price movement or?price action. Other technical analysis traders may use indicators or trading software systems, etc., but the price action trader only uses a market’s price action.
基本面分析與技術(shù)分析的古老爭(zhēng)論可能永遠(yuǎn)不會(huì)結(jié)束?；久娼灰渍邇H根據(jù)新聞和經(jīng)濟(jì)數(shù)據(jù)或“基本面”進(jìn)行交易，因?yàn)樗麄兿嘈潘麄兛梢酝ㄟ^分析這些信息來做出最佳交易決策。然而，技術(shù)分析交易者僅根據(jù)價(jià)格圖表做出交易決策。價(jià)格行為交易者是一種特定類型的技術(shù)分析交易者，他們僅根據(jù)市場(chǎng)的價(jià)格變動(dòng)或價(jià)格行為做出所有交易決策。其他技術(shù)分析交易者可能會(huì)使用指標(biāo)或交易軟件系統(tǒng)等，但價(jià)格行為交易者只使用市場(chǎng)的價(jià)格行為。

The primary reason why I trade with and highly recommend price action trading, is simply because all of the fundamental variables that affect a market, from any news event (war, weather, politics, etc.) to economic reports, are all ultimately reflected by price movement (price action) on a raw / ‘naked’ price chart. Thus, in my opinion, and in the opinion of many other successful traders, analyzing fundamental data is simply a distraction and a waste of time. It’s a waste of time because you can get all the information you need about a market simply by analyzing its price action, as the price action reflects all this fundamental data anyways.
我交易并強(qiáng)烈推薦價(jià)格行為交易的主要原因很簡(jiǎn)單，因?yàn)橛绊懯袌?chǎng)的所有基本變量，從任何新聞事件（戰(zhàn)爭(zhēng)、天氣、政治等）到經(jīng)濟(jì)報(bào)告，最終都反映在原始/“裸”價(jià)格圖表上的價(jià)格變動(dòng)（價(jià)格行為）。因此，在我和許多其他成功交易者看來，分析基本面數(shù)據(jù)只是分散注意力和浪費(fèi)時(shí)間。這是浪費(fèi)時(shí)間，因?yàn)槟恍璺治銎鋬r(jià)格行為即可獲得有關(guān)市場(chǎng)的所有信息，因?yàn)闊o論如何，價(jià)格行為都反映了所有這些基本數(shù)據(jù)。

Think of price action trading as getting the purest form of market data, filtered and cleaned up for you to use. As a trader, we are simply trying to take advantage of price movements in the market, so it only makes sense to analyze the actual price action, rather than trying to analyze variables that will eventually lead to price action. I like to think of price action as getting the market data ‘straight from the horses mouth’, as the old saying goes.
將價(jià)格行為交易視為獲得最純粹形式的市場(chǎng)數(shù)據(jù)，經(jīng)過過濾和清理供您使用。作為交易者，我們只是試圖利用市場(chǎng)的價(jià)格變動(dòng)，因此只有分析實(shí)際的價(jià)格行為才有意義，而不是試圖分析最終導(dǎo)致價(jià)格行為的變量。正如老話所說，我喜歡將價(jià)格行為視為“直接從馬嘴中”獲取市場(chǎng)數(shù)據(jù)。

Noise vs. Clarity

Price action filters all market data and provides a clear picture of what is happening in a market. If you try analyzing all the fundamental variables that can influence a market each day, you will drive yourself crazy. It really comes down to noise versus clarity. There’s a lot of ‘noise’ in the financial media about what a market ‘might’ do next if X,Y or Z happens, it all sounds very professional coming from the talking heads on T.V. and the internet, but at the end of the day, nothing they say really matters. This is because, all that really matters is what the charts show us via the price action.
價(jià)格行為過濾所有市場(chǎng)數(shù)據(jù)，并清楚地了解市場(chǎng)中發(fā)生的事情。如果您嘗試每天分析所有可能影響市場(chǎng)的基本變量，您會(huì)讓自己發(fā)瘋。這真的歸結(jié)為噪音與清晰度。如果 X、Y 或 Z 發(fā)生，財(cái)經(jīng)媒體上有很多關(guān)于市場(chǎng)“可能”下一步做什么的“噪音”，這些聲音聽起來都非常專業(yè)，但歸根結(jié)底，他們所說的一切都無關(guān)緊要。這是因?yàn)?，真正重要的是圖表通過價(jià)格行為向我們展示的內(nèi)容。

In the chart below, notice how the EURUSD market was in a clear downtrend from early May 2014 through mid-November 2015. Simply reading the raw price action of the chart would have told you that prices were likely to continue to fall because a downtrend was in place during this time. From this information, we could have watched for?price action reversal strategies?from resistance as well as bearish?price action breakout patterns?to trade in-line with the downtrend. Meanwhile, there were countless news events and economic reports released during these 7 months that implied price could push higher, while others said price might continue falling. You can avoid all this noise and contradictory data by simply looking at the raw price data on your price charts…
在下圖中，請(qǐng)注意 EURUSD 市場(chǎng)從 2014 年 5 月初到 2015 年 11 月中旬如何處于明顯的下跌趨勢(shì)中。僅閱讀圖表的原始價(jià)格行為就會(huì)告訴您，價(jià)格可能會(huì)繼續(xù)下跌，因?yàn)樵诖似陂g存在下降趨勢(shì)。從這些信息中，我們可以觀察來自阻力位的價(jià)格行為反轉(zhuǎn)策略以及看跌價(jià)格行為突破模式，以與下降趨勢(shì)保持一致進(jìn)行交易。與此同時(shí)，在這 7 個(gè)月中發(fā)布的無數(shù)新聞事件和經(jīng)濟(jì)報(bào)告暗示價(jià)格可能會(huì)走高，而其他人則表示價(jià)格可能會(huì)繼續(xù)下跌。您只需查看價(jià)格圖表上的原始價(jià)格數(shù)據(jù)即可避免所有這些噪音和矛盾數(shù)據(jù)……

Conclusion??結(jié)論

Not everyone reading this lesson is going to agree with me 100%. Some people are always going to be convinced that they ‘need’ to analyze fundamental data and economic news reports, as there’s just so much of this information streaming out of the financial media each day. However, you will need to decide that you will follow and trade from?something, and you can’t follow?everything?or you’ll be in a constant state of confusion and doubt.
不是每個(gè)閱讀這節(jié)課的人都會(huì) 100% 同意我的觀點(diǎn)。有些人總是會(huì)相信他們“需要”分析基本面數(shù)據(jù)和經(jīng)濟(jì)新聞報(bào)道，因?yàn)槊刻於加写罅啃畔呢?cái)經(jīng)媒體流出。但是，您需要決定您將跟隨某物并從中進(jìn)行交易，而您不能跟隨所有內(nèi)容，否則您將一直處于困惑和懷疑的狀態(tài)。

Experienced traders will likely understand better what I am talking about when I say that “all market variables are filtered through and reflected on a naked price chart”, but as a beginner it can be a hard pill to swallow at first. However, based on my experiences in the market, I am 100% confidence that following news and other fundamental data will eventual lead you to blow out your trading account. My experiences have shown me that a trader should strive to analyze and trade from a limited amount of data and use that data (price action) to make their trading decisions. If you let everything and anything influence your trading decisions, you will just be a gambler with no real strategy or trade edge.
當(dāng)我說“所有市場(chǎng)變量都經(jīng)過過濾并反映在裸價(jià)圖表上”時(shí)，經(jīng)驗(yàn)豐富的交易員可能會(huì)更好地理解我在說什么，但作為初學(xué)者，一開始這可能是一顆難以下咽的藥丸。但是，根據(jù)我在市場(chǎng)上的經(jīng)驗(yàn)，我 100% 相信關(guān)注新聞和其他基本數(shù)據(jù)最終會(huì)導(dǎo)致您的交易賬戶爆倉。我的經(jīng)驗(yàn)告訴我，交易者應(yīng)該努力從有限數(shù)量的數(shù)據(jù)中進(jìn)行分析和交易，并使用這些數(shù)據(jù)（價(jià)格行為）來做出交易決策。如果您讓所有事情影響您的交易決策，那么您將只是一個(gè)沒有真正策略或交易優(yōu)勢(shì)的賭徒。

I cannot guarantee that you will make money in the market by trading price action, but I can guarantee that doing so will give you the best possible chance, if you trade with discipline and patience. Trading with price action will remove a lot of the mental confusion from your trading and will give you clarity as to what your trading method is and what the market *might* do next. It won’t be easy, but the next time you see CNBC on, or Bloomberg, or come across an article from some ‘expert’ on what the Forex market ‘might’ do next, you’ve got to ignore it and go check out the charts to see what the price action is doing, as this is the best way to see what market actually IS doing and MIGHT do next.
我不能保證您會(huì)通過交易價(jià)格行為在市場(chǎng)上賺錢，但我可以保證，如果您以紀(jì)律和耐心進(jìn)行交易，這樣做會(huì)給您最好的機(jī)會(huì)。價(jià)格行為交易將消除您交易中的許多心理困惑，并讓您清楚地了解您的交易方法是什么以及市場(chǎng)下一步可能做什么。這并不容易，但下次您在 CNBC 或彭博社上看到，或者看到一些“專家”關(guān)于外匯市場(chǎng)下一步“可能”做什么的文章時(shí)，您必須忽略它并去查看圖表，看看價(jià)格行為在做什么，因?yàn)檫@是了解市場(chǎng)實(shí)際在做什么以及下一步可能做什么的最佳方式。