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1000 1



TRADER 4

336.77.067.21
65.526.52
341

2005 .
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341 1000 1
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, 2006. 562 .
ISBN 966/8286/65/0
1000 1 , , /
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0605010204
2005

ISBN 966/8286/65/0

336.77.067.21
65.526.52

1000 1
........................................................................................................................................ 16
.
................................................................................................................. 17
1.1. .............................................................................................18
1.2. ? !!! ........................................................................................19
1.3. ......................................................................24
1.4. ? .......................................................................................28
1.4.1. ............................................................................................................28
1.4.2. .......................................................................29
1.5. , ...............31
1.6. ................................................................................................34
1.7. .....................................................37

II. FOREX ................................................................ 42


2.1. ? ............42
2.1.1. .........................................................................44
2.1.2. FOREX ........................................................................45
2.1.3. ....................................................................46
2.2. ..............................................................47
2.3. ! ........................................................................................49
2.3.1. ..........................................................51
2.4. ..................................................................................................................................54
2.4.1. ..............................................................................................54
2.4.1.1. .........................................................................54
2.4.1.2. 2 .........................55
2.4.1.3. , ..............................................................56
2.4.1.4. .................................................................56

2.4.1.5. ..............................................57
2.4.2. ............................................................57
2.4.3. ...................................................................61
2.4.3.1. / ............................................................................62
2.4.3.2. .......................................................................63
2.4.4. ...........................................65

III. ................... 70
3.1. .................................................................................70
3.1.1. .................................................................................71
3.1.2. .............................................................72
3.1.3. .................................................................. 74
3.1.4. ....................................................75
3.2. ! .........................................76
3.2.1. ......................................................................77
3.2.2. .........................................................................................79
3.2.3. ..................................................................................80
3.3. ..........................................................81
3.3.1.
? ......................................................................82
3.3.2. ..................................82
3.3.2.1. Non Farm Payrolls Unemploymen .....................................83
3.3.2.2. FOMC Interest Rate Decisions ....................................................83
3.3.2.3. Trade Balance ...........................................................................................83
3.3.2.4. CPI Consumer Price Index ........................................................84
3.3.2.5. Retail Sales ..................................................................................................84

IV. .... 85
4.1. ................................................85
4.1.1. ..........................................................................86
4.1.2. , .........................................................................................87
4.1.3. .............................................................................................90
4.1.4. .................................................................90
4.1.5. .......................................................................................... 93

4.2. ..............................94
4.3. ..............................................97
4.3.1.
............................................................................................................................98
4.3.2. / ...........................................................101
4.4. ........................................................................102
4.5. ..............................................................................105
4.6. ....................................................................108
4.7. :
? ......................................................................................................111
4.8. ? ..........................................................................114
4.8.1. ( ) ....................................115
4.8.1.1. ............................115
4.8.1.2. .................................116
4.8.2. ...............................................................................117
4.9. ! .................................................120
4.9.1. ....................................................121
4.9.2. ....................................................................121
4.10. stop/loss ? ......................................................124
4.11. ..........................................................................................126
4.11.1. / ................................................................................................127
4.11.2. ? ....................................................................................127
4.11.3. ? ...................................................................128
4.11.4. / ........................................................129
4.12. ......................................................................131
4.12.1. , ...................................131
4.12.2. ..........................................................................................132
4.12.3. .........................................................................................132
4.12.4. ? .....................................................134
4.13.
( Baa) ....................................................................................................................135
4.14. ! ...........................................................................................139
4.14.1. .........................................................................................140
4.14.2. .....................................................................141
4.14.3. ...................................................................142
4.15. .................................................................................................143
4.16. ?! ........................................................................147
4.16.1. , ? ...........................................................................147

4.16.2. , ! ........................148
4.16.3. ? ...................................................150
4.16.4. ........................................................151
4.17. .................................................................................................152
4.17.1. ......................................................................................152
4.17.2. , stop/loss .....................................................................154
4.18. /:
! ......................................................................................................................155
4.18.1. MACD .............................................................................. 156
4.18.2. MACD/ .................................................159
4.18.3. .............................159
4.19. ..........................................................161
4.19.1. .............................................................................. 162
4.19.2. Bollinger Bands .................................................163
4.20. : ? ...............................................................165
4.20.1. .........................................................................................165
4.20.2. .............................. 166
4.20.3. ...................................................................................166
4.20.4. ..................................................................................167
4.21. , .....................................168
4.21.1. .........................................................169
4.21.2. Parabolic ...................................170
4.21.3. Parabolic .............................................171
4.22. :
...............................................................................................................................172
4.23. ..........................................................176
4.23.1. .......................................................................................... 177
4.23.2. ...................................................................................................177
4.23.3. .......................................................................................178
4.23.4. ............................................178
4.23.5. .........................................................................179
4.23.6. ................................................................................179
4.23.7. .................................................................................................180
4.23.8. ................................................................................................180
4.23.9. ..............................................................................................181
4.23.10. ...................................................................................181
4.23.11. ( ) .......................................182
4.23.12. ............................................................................182

4.23.13. ..............................................................................................183
4.23.14. ..........................................................................184
4.23.15. .............................................................184
4.24. ...................................................185
4.24.1. ........................................................186
4.24.2. .............................................187
4.25. .................................................................189
4.25.1. ...................................................190
4.25.2. 3 ..............................191
4.25.3. ..........................................................191
4.25.4. .......................................................................192
4.25.5. ..........................................................................................................................192
4.26. ...................................................................................................193
4.27. ......................................................................196
4.28. ............................................................................200
4.28.1. ...................................................................................................202
4.29. ......................................203
4.30. ..........................................................207
4.31. ........................................................211
4.31.1. .......................................................................211
4.31.2. ................................................................................212
4.31.3. .........................................................................................213
4.32. , .............................................................214
4.33. . ..............................217
4.33.1. ...................................................................217
4.33.1.1. ...................................................................................218
4.33.1.2. .......................................219
4.33.1.3. ............................................................220
4.33.1.4. ........................................................................................................220
4.33.2. ......................................221
4.33.2.1. epoe oee/epa eyaa ................................222
4.33.2.2. ............................................................................223
4.33.2.3. .....................................................................223
4.33.2.4. .....................................................................................224
4.33.2.5. () ..................................................225
4.33.3. ! ................................................................226
4.33.4.
........................................................................................................................234

4.34. W. D. Gann .......................................................................................................................240


4.34. 1. / ...............241
4.34.1.1. /? ........................................241
4.34.1.2. .............................................................241
4.34.1.3.
/? ............................................................................................244

V. .................................................................... 247
5.1.
....................................................................................................................................248
5.2. .................................................................................251
5.3. .........................................254
5.4.
......................................................................................................................................256
5.5. ............................................................................259
5.5.1. ...............................................................................260
5.5.2. .............................................................................. 260
5.5.3. ........................................................................................261
5.5.4. ...................................................262
5.5.5. .............................................................................. 262
5.6. ........................................................................................................263
5.6.1. ..................................................................................264
5.6.2. / ........................................................264
5.6.3. .........................................265
5.6.4. .....................................267
5.7. Turtle ................................................................268
5.7.1. ...................................................................269
5.7.2. / ...................................................................................................... 270
5.7.3. ..........................................................................271
5.7.4. Money Management ................................................................271
5.8. .......................................................272
5.8.1. ....................................................................................................................................272
5.8.2. .......................................................................................................................272
5.8.3. .........................................273
5.8.4. ..................................273
5.8.5. .................................585

5.8.6. .................................................................................586
5.9. ...............................................275
5.9.1. ........................................275
5.9.2. ..........................................276

VI. ............................. 279


6.1. .....................................279
6.1.1. ............................................................................................280
6.1.1.1. ......................................280
6.1.1.2. ...............................................................................281
6.1.1.3. ..........................................................................282
6.1.2. ...........................................................................................284
6.1.2.1. ..................................................284
6.1.2.2. .....................................................285
6.1.3. .................................................................................286
6.1.4. .............................................................286
6.1.5. .......................................................................................................................... 287
6.2. , !
( ) .................................................................................287
6.2.1. ? ...........................................................................288
6.2.2. stop/loss? ..........................................................................289
6.2.3. take profit? .....................................................................290
6.2.4. ? .........................................291
6.2.5. ? ...........................................................................291
6.3. , ...................................................292
6.4. : ....................................................294
6.5. ........................................................................................................................297
6.6. ..................................................................298
6.6.1. 1 / ....................................................................298
6.6.2. 2 / .......................................................................299
6.6.3. 3 / ..............................................................299
6.6.4. 4 / .......................................................................300
6.6.5. 5 / ....................................................................................................300
6.7. ............................................................................302
6.7.1. .........................................................................302

10

6.7.1.1. ......................................................................................................................303
6.7.1.2. ............................................................................................................303
6.7.1.3. ......................................................................................................................304
6.7.1.4. .....................................................................................................................304
6.7.1.5. ................................................................................................................305
6.7.1.6. .....................................................................................................................306
6.6.2. .........................................................................................................309
6.6.3. .......................................................................................................................310
6.6.4. ...................................................................................................................310
6.6.5. ...............................................................................................................311

VII. .................................................................................................................................. 312


7.1. : ....................................312
7.1.1. ? ...................................................................313
7.1.2.
! .................................................................................................................. 314
7.1.3. ...........................................315
7.1.4. ? .................................................................. 315
7.1.5. ...........................316
7.1.6. ........................................................................317
7.1.7. ..........................................................317
7.1.8. ......................................................................317
7.1.9. , ..............................................318
7.1.10. ........318
7.2. .....................................................................................319
7.2.1. , o eo/o ocy ...................................319
7.2.2. pc pacca? .......................................................320
7.2.3. ................................................................................................320
7.2.4. / ...........................................................................................322

VIII. ..................................................................................................................... 324


8.1. ...........324
8.2. .............................................329
8.2.1. 1. .....................................................................................330

11

8.2.2. 2. ....................................................................................................332
8.2.3. 3. ......................................................................332
8.2.4. 4. .........................................................................333
8.3. ...............................................................................334
8.4. ..................................................................335
8.4.1. . ......................................................................336
8.4.2. .........336
8.5. WEB .....................................................338

IX. .............................................................................................................. 342


9.1. .................................................................................342
9.2. TeleTRADE ...........................................................................................343
9.2.1. .....................................................................................345
9.2.1.1. .........................................................................345
9.2.1.2. TeleTRADE .....................................346
9.2.2. TeleTRADE ......................................................................................348
9.2.2.1. ............................................................349
9.2.2.2. ! ........................................350

........................................... 352

TRADER 4

I. ...................................................................................................................... 460
1.1. ...............................................................................................460
1.2. .......................................................................................................461
1.3. ..........................................................................................................462

12

1.3.1. ..............................................462
1.3.2. .......................................................................464
1.4. ....................................................................................................................465
1.5. .............................................................................................465
1.6. .............................................................................. 466

II. .............................................................. 467


2.1. .......................................................................................................469
2.1.2. ........................................................................................................................469
2.1.3. / ....................................................................................................470
2.1.4. / .........................................................................................................471
2.1.5. ................................................................................................472
2.1.6. DDE .................................................473
2.1.7. .....................................................................................................................474
2.2. ..................................................................................................474
2.3. ...................................................................................................477
2.4. ..................................................................................................478
2.5. ..............................................................................................480
2.6. ..........................................................................................................482
2.7. .......................................................................................... 483
2.8. ...................................................................................................485
2.9. ............................................................................487
2.9.1. ......................................................................487
2.9.2. / ............................................................................488
2.9.3. ........................................................................................489

III. ......................................................................... 490


3.1. ...................................................................................................................492
3.2. .................................................................................................................. 492
3.3. ......................................................................................................................494
3.4. ............................................................................................................ 496
3.5. .........................................................................................................497
3.6. ..............................................................................................................500

13

3.7. ...................................................................................................................501
3.8. ...........................................................................................................502

IV. ............................................................................................... 502


4.1. ......................................................503
4.2. ................................................................506
4.3. .......................................................507
4.4. ....................................................................509

V. ............................................................................................................................................... 509
5.1. .................................................................................................509
5.2. ...............................................................................................................510
5.3. .......................................................................................................512
5.3.1. ..................................................................................513
5.4. .........................................................................................................513
5.4.1. ......................................................................................514
5.4.2. .........................................................................................515
5.4.3. .........................................................................515
5.4.4. ........................................................................................516
5.4.5. .....................................................................518
5.4.6. .....................................................................................518
5.4.7. .........................................................................................519
5.5. ...................................................................519
5.5.1. ..................................................................................519
5.5.2. ...............................................................................520
5.5.3. ............................................................521
5.5.4. ...............................................................................................522
5.5.5. .........................................................................................523
5.5.6. .....................................................................................523
5.5.6.1. ....................................................................523
5.5.6.2. ................................................524
5.5.6.3. ...................................................................................525

14

VI. .................................................................................................................................. 525


6.1. ...................................................................................................525
6.1.1. .............................................................................. 526
6.2. ....................................................................................................527
6.3. ............................................................................................531
6.3.1. ....................................................................................................535
6.3.2.
.......................................................................................................536
6.4. ..........................................................................................................538
6.5. ..................................................................................................539
6.6. .............................................................................................................................. 539
6.7. .............................................................................................................................. 641

VII. .......................................................................................................................... 542


7.1. .............................................................................................542
7.1.1. .............................................................................................544
7.2. ........................................................................................547
7.3. ....................................................................................550

VIII. ............................................................................................................................. 553


8.1. ...............................................553
8.2. Instant Execution ...........................................................................554

IX. ....................................................................................................................................... 555


9.1. .................................................................................................................. 555
9.2. .........................................................................................................559

15

. .............................................................................................................................. 560
10.1. .......................................................................................................560
10.2. ...................................................................................................561

XI. ................................................................................ 563

XII. ............................................................................................564

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65

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.
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83

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93

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4.1

94

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95

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18

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19.
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96

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,
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20

3. ( range)
. ,
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21.

:
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97

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. , 4.3
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98

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5.

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99

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4.3

23.

100

1.
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DJI.
2. ,
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101

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4.3.2. +

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up/
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4.3

102

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4.4.
4.4

! ,
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25.

103


(double top) (double bottom).

4.4
26.

27.

, ( 1, 2, 3, 4)
( 5) ( 6). , ,
,
(support), (resistance).

. , , ,
, , /
. ,
, .
(triple top)
(triple bottom).

28.
(head
and shoulders).

104

4.4
29.
, . /
( 1), /
(neck line). ,
. ,
( 2), (/
3). , , neck line ( 4),
.
() (inverse head and shoulders).
(triangle).

. ,
, .
, 4, 5 6. /
(), .

30.

105

/ , /
( 1),
(flag).
( 2), ( 3).

4.5

31.
/
. , ,
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.

4.5.
, .
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106

( )
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).
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.
: , , . ,

107

, . /
.

32

(n), , /
(MA):

, n = 9, /
9 /
(AV). n = 21 , , 21
. , /
(MA) , /
. . , /
USD/CHF. /
9, 21 34.

33

4.5

108

, MA , /
(uptrend). MA
(downtrend). MA ,
(range). MA /
(support), (resistance).
(MA) , /
. , , /
, MA (n = 9) /
MA (n = 5)
/
4.6 . .
.
,
MA : 5, 9 (8), 14 (13), 21, 34, 50 (55), 100, 144, 200 (233).
5,
9, 100, 200; 9, 21, 50; 5, 15, 34, 55, 89.

. /

.
,
100%/ . ,
. (/
) .

.

4.6.
, . ()
, G
(Relative Strength Index, RSI).
RSI (/
) . 70/ .

109


(, ). RSI /
(n).
:
RSI = 100 [100/(1+RS)]
:
RS(n) = AVup/AVdown
AVup ,
, n (, . .).
AVdown , 4.6
n.
,
, 14 9.
RSI .
/
( )
( ) .
0 100%. ,
, /
30% 70%. 30%
(oversold), 70% (overbought).

34

110

(30%)
, ,
. , RSI /
(70%) , /
. , /
30%
, 70%
.
, ,
25%. /
4.6 75%. /
20 80%, 30 70%.

RSI , . , RSI /
, RSI
, .
RSI , /
.
/
, , /
.
, RSI . /
(, ).

35

111

RSI ( )
( , ) /
. RSI /
,
. RSI /
, . , /
, .
/
RSI . ,
, RSI , /
, , , ,
4.7
. /
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4.7. :

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112

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Berman, .
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.
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113

, 90%
. , 40%

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114

,
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, /
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:
.
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4.8 . , /, /
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FOREX /
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.

4.8. ?
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115

4.8.1. ( )
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, 60
.
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.

4.8.1.1.
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.

116

/
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. 1710
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60% ).
. .
, 1749
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4.8.1.2.
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117

.

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4.8.2.
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118

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119

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36. ,
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.

37

.
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2. .
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3. .

120

38


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.
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121

4.9.1.
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4.9.2.
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122

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39.
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123

4.9
40

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41

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124


;
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4.10

4.10. stop@loss ?
. ()
!

, /
: (stop/loss) (take
profit). /
,
.
, stop/loss ,
. ,
stop/loss
.
, /
, .
. /
, .
, , / /
stop/loss
. /
stop
loss 2535 .

125

42
, , ( /
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, : /
!
: , stop/loss 4.10
, /
, , .
(. . 43), /
1, stop/loss
(s/l (a)), ( /
) s/l (). /
(a), ,
.
stop/loss ()
,
. (take profit /
) /
, , .

43

126

3, /
( ).

2. stop/loss
,
.
, , ,

. stop/loss
2030 .
4.11

44
: stop/loss ,
. /
, . ,
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2 .
!

4.11.
, ,
, . (. . )
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127

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.

4.11.1. +
, , 4.11
, .
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128

80/
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4.11.3. ?
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. 45). /
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( (v)).

45
.

46

129

, .
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.

4.11.4. +?
.
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47
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4.11

130

:
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4.11

48

49
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131

, , /
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.

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. .
, /
,
.
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. /
.
4.12

4.12.
,
.
( )
peep ,
aoaec ee yceo opoe.
. Xo exec aa opo ocaoo co
aoca, e peye
aoo aaa ooax yc. , peaa
opo a pe peye ee, cax c
eocpece pco pea eco oypeo cpee.

4.12.1. ? , ?
a yyc co aaecx oopo opox
peoea. Ho o x e pece e a apa e
xopoeo opa .
peco oo xo po oo ooy, o /
paecy oa.

132

oae oa, oa oee oapy peaoa


opeeee ca, cooecye opy oxoeo pee.
Ocopo xo coee poeyo ey oppoae
caa opoe. o a ep, epe oopy paee a ce
aco ooa pc.
Ec oo eoo opa pee xoa po, o p
cpae oxo oca ceo p opoe a
oeax. ep aaec o xoe p pope opeeeoo
eooo ypo. Bop ca c oae oppeooo oaa
oce coo e xoa apae e ooo
oep copoe. p pee oya poaa
ceye peeax yoo aaoa pee, e aec ee.
4.12

4.12.2.
aa x cpae xoa ye c aye ae
ce? coae, pa oe oa a e
ye e e ca. He capaec pepa paa xoa pocy
aay a oopee. Ha cao ee o apoa ay cey
oece eye poo cya, coooe oxooc pcy
paoo epoa epa opo o. ooee
yco c eo eoxooc, a e e poco.
aae cop p cpae xoa oee aeo.
epe /o pe oee, a pa yy
ce, oopy copaeec ocyec. ee y, o
ecoo pax cpae oy paoa oo o e
poo cya. pa op cpae xoa oe a
oe ooaoo acpo, e op pee.

4.12.3.
oya a pope epx poaa p pope
ec ece eoo opa pee xoa po,
coye oco peepo. coae, o ec
ae y cocoo ee c pa.

133

a exa xoa poca. ea popaec epe ypoe oep


copoe, xoe, o op o. ae
oec, o ea pooa coe ee ao apae.

4.12

50

o oe oac coco xoa po. Topo


aeaeo, oa po ec ae apae, o o
yee ea, ec po paepec oe pyy copoy?
eo, o oco peepo e oe a o a
opoc. , ooo poy epe yao, a pa,
oa caac c ecoo eceoc.
peceoae yca oe eoxo paoa, ec peep
paoo pae co cey opaa pcaoe ae a
a ax paa. Bo/epx, cea ycaaae co
oyc pc epe aao opo. Bepe cpoa
poe oep coye paecy oe oee opoo
peeo acae oye caa xoa, ec po e
po ac. Bo/opx, yocoepec, o oee poa poa
apa peoaae aeay oepy ae cpae.
ya opoec? Moe peep oaa, o o co
oaa, oa , o pop ye cococ. Ha cao ee o

134

ac co opo. ae ye co copoe
ooa paopoa pa eco oo, o co ece c oo.
Bxo p oppeoo oae ec oe o eoo,
ooy o o coye eepe aa ex, o poyc
epoe ee. Ho ao o po pee, e o o cea,
oo x yay pec a p.

4.12.4. ?
4.12

Bxo p oppeoo oae oe ycee ee. Ec


ooo, paece opep a, ya, a oaee, po epec
oce popa. o a cao ee ee, e aec. Hoe pe
aco opaac peyey ypo oep
copoe pee, e opac ae.
ooy cope a eoo pa axoe ypo, e
epoaao pooe pop. oppeoe e aco
pac a ypo ooo ay.

51

Bxo yo aaoe cyae ox peepo, o eop


ocaoo poca. pa cc ocaae, o ayee pe
op oo o a pa epe popo epx .
aao xapaepyec o ooc, oa yco
oo ooo e. Tpeep xo po a

135

apeo eoo ypoe e aaa e. peyeco


oo cocoa coco o, o o oo c ocaoo
aeo oepe, ec po popaec pyy copoy.
paece oe aoe, poe peyoo, aco
aoa cay pyy. o poee ypeeo
ape pecaae pyee coe eooe ee.
Tpeep oy cooa accece aop, o
opee yce o oo e. Ho y apa
coco o, o opee ecoaxoee yx apo
aaoa ce oea po a ex ypox oep
copoe. Bxoe po ec, o pe a pye ee
oo peceoa pop eooo ypo.
4.13

52

4.13. ( Baa)
, . (. )
ace oo, , oo a eo pa, cpay
e , ce? o e pyo,
a aec. Caaa oopec oe pe, ae
cope, e ea a o epee oee. /
oo cpay oaa a, ec
oooc cea e.

136

Aa ooe opee ae ecoooee a


ceoe ape pa. C Baa peca y eceo
oy exy coe acceco paoe Cepe oye
p a x eex pax. B ao paoe o oca,
a pooe ece oe apyeo opeeex
pa. a ee co cocee paepc,
e oe o o opeeee cpae ee pye.
Hapep, o pe oceo pea ye co x
ox, o pe a cx peo oe o
opoe. o y ooo ececeo, o oe peep ea
poooooe.
4.13

53

, aa a
oee. Oa cocpeoaaec a eco acee aaa /
a o, a peep oy cooa , o apaaa
p poo paoopa pox oooce.
oee oa a pax aoap oopeyc
oee o.
paac ooo, o ec ececeo
epeeae cey. O capy o ope cpae, oopa
ye paoa ye ceo eye , peypea, eo

137

oa o ceye. o o a oopec ? ,
cooecy o o execoo aaa,
: ocoa, pop epx, oce pe,
oe acy, ep, pop ce pe.
a ae opeee oc peooo aaoa,
oopa ee ey ooo e, epx ocaoo
pecayeo aepe.

4.13

54

O aex aopo, oop yco aa


poo ca, aaec o, o po cyecye oee e
oo peeo opae. py coa, p yy oo
ca a eeo pae, pyo ca a eo pae
ee pee a ypeo pae. Tpeep o c
poope ey pea pax peex opaax,
o oy cooecy poo eooo e
cooa cox epecax opeee po .
O p opeee pox e a ox
peepo c pa. O a opeeeo pae
pocac po. Ho , oac, aa /
, oop aec po x o. B oee peooe
o, opee epo yepa o, oope cooecy
opo. B poo cce o o e ca poecc, oop
e pox poo a ex, o opye ye capoa, opo
a oeax, ooo opo ecopo.

138

4.13

55

Macaa oooc oae oe o


oo . Boe p pepa. Boooc opo
a pope oec, oa ocoae epe oc pe.
Topo a oae paaec o oe, oa ea
occaaaec pae ocee ca. Po o
acya opoae cep ycx ceo.
paoo pae co opoe cpae. Cyecy
epo, o oya a popax epo, o
opoe o. ae pe, oa eoo copa co
o pe, o o, o p a a. Opeeeo
ae pe, o peceoa yc pe, o opoa
a eox oeax.
O p pacoa aoc yep.
ocope a oeco pepo, oa ecop, eae
y c y oce ae oooo pa CA o ep
2000 . epe y. B ae eeeo pa ecop
aa, o oppoa ocoa peyec pe, a
occaoee eo o, a e . ecp
eooeee a, , oa
ocoae oppyec.

139

peep, opye a ycax, o pe cx


ocx cx peo. eoo oa
eoope oya a epe o pe yaox oeo.
a, opyee a paocpox ex
ecpyee a epcey, yee pe, o opee eye
a pe opeoo pooo cpyea a oee
poo pe. o oeo cee ooe ay
coco pa co py.
oe, o aee e pa ec eceo cpaee
eoop . B e yee ea e, oa poe
yco e cooecy aey epoy yepa o aa
opo. Beco oo coe copoe ooe py o o yo
ca, oa ey e ee ac cca.
4.14
o peye c, o oo a ocaac pe ooe
pe. Tpeep, opye a oeax, oy oee oo
cooa poe cya eo cpac c
paoopae . po cep opox cpae oo
ooe apaaa a pax pox cocox. O
oy opoa a popax, oa p ac e, ae
pa a oeax, oa p pacaac aaoe.
Paoopae a oo opoa opoy copoy
p ce po paoa o pa o pe pacpex
aaoo. ooy yceo opo capaec e
paoe opeeee pooo e paooe
peee cooecyx opox cpae o.

4.14. !

; , . (. )

.
, /
. /

140

/
,
/
. : /
( ), /
. /
.

4.14

56
/ , , /
, . /
, /
(.56). /
,
.

4.14.1.
, /
. , /
,
. /
,
, .

141

57

/
, . / 4.14
, /
, , /
. /
, .

. Low, High
Low (.57). High, Low High.

4.14.2.
? /
.
. ,
, /
.
.
, .

. ,
, /
; /,
; , /,
.

142

4.14.3.
, /
, .
, . /
, . /
, /
;
.
.

.
4.14 ,
, .
/
. , /
/
,
.
, /
. 80% .
, , ,
.
.

58

143

:
,
.
.
/
, . /
/ .

, /
. /
, /
.
4.15

4.15.
, ,
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271

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272

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273

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279

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285

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286

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288

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289

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138

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290

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stop/loss,
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291

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294

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297

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298

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6.6.
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. oee pa opo a .
: pae oee ce a 5 ca. Tp
eeya, e peeop. ,
.

6.6

6.6.1. 1 oc oooc
a ac yooce epoo aca . oce
o aa eoo cya. o
poco pocop pao c e, o a cya oo
a opo, oop e. o, pee ceo,
eeya poecc. Oao pcycy o, oope
oy ac oaa.
Cae, e opoa a popax. oo o
opa e ac pop, oope
cooec a pep. B e a ooo.
o, o poyc . aoo
ae ooaoe acpoee o oe? Beao oae
cya, oopa oe oxoa pop. oa e aa
e ooc. ae acpoee o ac cey. ac
aa, oa oo aa paoa, ae e
paccapa ee. Teep oa eoeo
aaee popy cey.

299

o opee co poecc oca oooc


pepac eo. Ec a aoeae, o ae eoop
opec oxo, o oep co epec. c
paccpaaeec /a ao poyeo oooc, o
e pyy poecc.

6.6.2. 2 ope o
a ac oa peeopo. C oea, oa
aee cooec poy cya a paeee opepa
o pac cey. ae a ycao a opoa a
x. oa cya epoaa, eaco o oo a
p oy, opae o . e cpay.
Hepeeoc yae.
Ec e yepe coe poecce 1, oa ee
eo, o e xoe 2, aa oope paccye. /
pa popaeo. popae ep,
ooy o o e oep coe coceo oooeo
6.6
paoe.

6.6.3. 3 paee oe
a . o caa pya ac ce
oca . a e
axoc po pe, /
aoa. o opoce poeccoa e
/.
e, oa ea aec po x, aec, o oa
opac, a oa o oya p, o oc, o po
aepe ee. O aaa, copaa co p, oo
oep pac. poeccoa a pa aoopo. oa
o y, o oc, o po oe ee oe, a
oa oya p, o aec, o o
pooc ae.

300

Ec o oocc a, o ooe peo o


coe: e epe . cpax, aoc, ae, e
yec oppoa. Ec yee , o
.
poea o, o o eya. /
poeccoa peep ceye co paa
eaco o oo, o p o ycyee.

6.6.4. 4 ape o
: Too apo ee!
.... peeopoe ece. O 3 o 4
epeaeec c oa ea o? a a xoy?.
B o oe o e ya o opoe, p,
oepx, occox . o cea
oy e: . Moe, ap, ypo, . . e
.
6.6

6.6.5. 5 aa
eceo o a ao? Cpoce oo
poeccoaoo peepa oye oe: a!.
A. ep epec coco ya, ec ae
aooo. O poc, o ae aca a pa, oa
o ae; coo o , o o ea o pe . . O
coo e e. Ec ae oaaec cpaae
ae?, oa o aoo. c e, oa, ooo, e /
.
peepo. Ec e xoe ec
e ax ceo, oa , epoo, yeaeec opoe pa
opo. B popa. a ay poeoc, o
o/o oe a caa.
B xoe poeccoa peepo? Toa ecye
a poeccoa. Bee ye, oeae coe coee. Cope,

301

o paoae, a o e. Bce, ax ycox ae ceo


oaaee poca. e coco yye paoae, ea x
yco. Ec a aa coco pocopa oepx
oooce epea o oy ooy, o oo coaee
ooa aa. B e aapyee. :
6

6.6

Ee oo peae ooceo aaa: e


oppoa ee cya, ocoao a oo yx
ceax. oe o o. aoae aa cya a /
pa? oeo e. , ooo, a cey pe.
Oao oa paoae oo 1 4, o oa oa paoae, o
pc opoy p.
Ec poyee o/o o e cpaaae 3 paa op,
o oe (a oe e ) oxo ee. Topo a
yex ceax ecpoae ooae
oc ay yepeoc coe ee, ae a /
.

302

6.7.
-, ,
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303

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6.7.1.2. ?
FOREX , /
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304

6.7.1.3. ?
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305

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FOREX 24 , 6.7
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306

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307

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308

FOREX
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.

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309

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310

6.7.3.
FOREX /
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6.7

142

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311

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312

7.1

VII.
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7.1. : ?
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313

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314

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315

7.1.3.

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1,12 . 1 , , 7.1
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1,12 . 1 ( , ). /
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1,078 .)).
(40 000 .) /
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316

, 1,05 . 1 , /
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(1,08 . 1,05 .)) , /
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143

7.1.5.
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317

7.1.6.
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7.1.7.
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7.1.8.
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(), /

. (220% )
.

318

7.1.9. ,
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7.1.10.

, .
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/
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319

3
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3,5 . /
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(21,5 . 1 ),
.
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(, , , ) /
HDD (Heating Degree Days)
CDD (Cooling Degree Days).

7.2.
, . ( ) 7.2

7.2.1. , o eo+o ocy


e pa oopoc, o cee pca, oop oo
p, axoc po acoc o oo, eo xo
ocy. Ec xoe ceo, o o ea cee
a. Ec a e cy x eoo, o o oy ocy
eo c e pc oepe eyay, o c o pco
eyoeopeoc, a oo x oc.
pyco e eoea, oop op eae , o
eae pca, e oo ooy . o eoe
ycye ce xye oo, o aec ep eyay oo, o
oa e e ax ea.

320

7.2.2. pc pacca?
Ec yaee pc, o oaee, o ec a a pca:
ceo pc pacca pc. ep, ceo pc, ec
ecoeo pao c pee. Ceo pc o a apoa
e, ppaoax ae p c cyo. Ceo pc o
ecccea aapa pa ooae pee. eoe,
oop pae ceo pc, eocppye c ypoc
ee o ocy o pe e.
Oao pacca pc ocpo coco, a ep.
Pacca pc ceoe ee y pya o pyy.
co ee, o e oooc, o
pe e oec ye ae ac epe c co
yepeoc o o, o eae eoea e ooo.
Pacca pc axoc ocoe aoo ooo oce
ycexa, aa c eaax pee.

7.2.3.
7.2

oco oppye
ooe oxooc/pc, aec, o yaa ye caca x, oa o/
o oe e a. o ocoa pa, o oopo oe x ep
eyay. paee coooee oxooc/pc ec ca
e cocoo oye opeeeoo opae a pe.
paee oxooc/pc oo cey eoacoc opy ax
opx o. peaaeo oo, o caa a, coo
oe pao oepo a ao cee, oopy
paee. Bopa e coco o, o ya o ,
o o cooo cocpeooc oo a ox cax.
aae paccop pa, oope oo yy
peyaoc ae opo.
1. aa o ece cee apaey epooc,
oopy opeeea opoa oe. Bcea opae
o apae aoee cox aco. Bxoe coe
ce, oa pae cya e oeae a oa.

321

2. aa o ee eoo ypoe, oop apyae


opoy oe. Opae o oo ex cyax, oa ee
eoxoo poyc a opooe paccoe, o ocy
o e o oep. Be pyy copoy ae e
o p y ypo ce oep copoe.
Opae o c aoee co coooee e o
p e o oep.
3. P ac peox oppeox oax.
Moe peep ay o pe oppeooo e
cpaxa xo xopox o. oce aoo e ay
copoy pee, coo oo oa, oa cya
oopaaec po ac.
4. o oe oea a? e poe acy
y, epe oope aa cea oa po, o opac
o e o p a eoo ypoe. paee
pco pecae coo pece, oopoe oo peooeo.
5. Bpe oecye a coooee oxooc/pc a e
eo, a ea. Bpae epo yepa o, ocoac
a pacco o aeo xoa o e o p. ae coye ey
pe ypae co/opepa. Tae coye pe
ap o, ae ec co/opepa e ocy.
6. Boepec o ocpecex o e yx 7.2
oooce. ye oo ca ee epo cy ey
oea coo oepa. B o co copoe, a
aa cyae, oa po eo e oe a peo.
7. Xopoe ce oy cpay e e a ooao.
Aapye poopey opa opae o,
oa apaec ocaooe oeco a. aco ae caoe
yee, o oo cea o pacca co oep cyae, ec
e pa, ae xo po.
8. Ocopo op pox cpyeo opopye pc
ye, e a ccea co/opepo. oe, o ooee e
pa peye aoo e oya a xo xo oo
paccopeo p ae ao ce.
9. a peep ee paoe ocpe pca.
pepaec cox ececex peoe eco oo, o
peceoa oy. Ec e oee cooo ca o, o
o copa co pc.

322

10. Hoa e xoe po, e a oa xo. Topo e


ec ypaee oya epa. peee ey, o
oopo ee, ae , oa po a oaec.
11. opa e aea p. pa paac
eeo o ooo ypo o ceo. Mey pocxo
po y, o pe oopoo ee pca p
axoc oe py c pyo.
12. He ye oypae yae oa. oopeea
opo peye cpoo caoc. eo ea e
eee opox epoo pee. P aepy a e, oa
e papaoaee opa a ypae pco.
13. Bxoe po p o pce xoe eo p
coo pce. o aco cooecye oye y oep poae
y copoe, o o oe pec p opoe a ycax
c ocaoo coo eoacoc ooc.
14. Capaec xo pa epo coo aoc,
o oo a ye co p. e, oa ea ae
ycopc apoe ay o oe aoaoo e
pa, oa pye peep ac co yxo oe
ea aaec oy cooo pca.
15. pae pco c oex copo ce. Cocpeooec
a oa oe xoa xoa ceapyec a
7.1
oex apaex eox oax. oe, o xo oxe
o c pco ae oe oc, e xo xopoe
o c co pco.

7.2.4. +
/ ,
. . /
: ,
. /
, . ,
.
:
. /

323

. /
.
/
/. /
//
. , /
. /
, .
1.
. /
, : , /
.
1:2. /
.
2. 5%
. /
. , /
100%. /
5% .
, , 2000 . 5% 100 .,
10 . /
, 10 . 7.1
30 . /
, . ,
6000 . ,
2000 .
3. 30%
. , .
, 2000 . .
1000 .
3, 2000 .?
. / /
.
.

. /
. , 10 /
, , .

324

VIII.
8.1

.
H . (. )

8.1.
( )
, - . ( )
/
. ,
FOREX /
. /
/
.

325

, /
, FOREX ,
. / /
, ,
FOREX, /
, ,
, , .
, FOREX,
/
FOREX, ,
, .
? , , /

FOREX,
, .
FOREX/ /
,
.
, .

, . FOREX/
, / 8.1
, , .
,
, , , /
, /
/
, , , /
.
: , ,
, /
, /
.

. ,
,
, /
. ,

326

, /
.
. /
/
. , , /
. ,
.
REUTERS, Dow Jones Telerate, CQG, Bloomberg
. /
/
. , Citibank /
Deutschebank HIHI. ,
/
/ .
. , /
.
.
.
,
, .
.
8.1 ,
. /
, .
.
. , 100 000 . ?
/ . ,
, , . ,
HSBC Citibank. .
? 1000 .,
100 000 . /
( , 1000:100 000 1:100),
.
99 000 . . ,
, . ,
, /
, . , /
20 ., 10 .

327

, !
. 100200 .
10 . :
1000 . , /
2% . .
. 90/ /
. /

. /
.
, . /
, /
.
,
.
/. ,
/
. ,
. , , /
,
.
/. 8.1
, /
( ) / .
, /
, .
, /
/
. /
,
. /
: /
, / .

. , , ,
/
. , , /
/ ,

328

. , .
.
, /
TeleTRADE TeleTRADER. /
, .
, /
.
TeleTRADER 4 /
/ .
/ . /
35 .
.
. TeleTRADER 4 /
, /
;
; /
; TeleTRADER 4
, c

.
TeleTRADER 4 /
,

8.1
DoS/ DDoS/.
DDoS /
. /
IP/ /
(/). /
DDoS/,
.
, /
, 128/ .

RSA (1024 bit).

. DoS/ /
, , .
TeleTRADER 4 , /
MultiLanguage Pack, /

329

.
, /
. /
TeleTRADER 4 .
,
, ,
.
, .
/
, ,
, /
.

, /
. , ,
(, ), /
. , .
.
,
TeleTRADE. , /
, .
. , /
, 8.2
.
: ,
. , /
.

8.2.
, . ,
, .
( )
.
, ,

330

. /
, .
.
.
.
(, ).
/
, .
.
. ,
, . /
.
,
,
.

8.2.1. 1.
. ,
, .
8.2
, /
.
.
,
?
?
,
, , /
. /
, , /
,
. .
/
: Reuters, Dow Jones, CQG, Telerate, Bloomberg, DBC
. .
.

331

. /
, ,
/
. .
.
,
, /
, .
/
.
.
,
.
. .
, . /
. , Reuters
iScreen ( 95 ., 50 .).
/
. /
, .
/
. . ,
8.2
Financial Times, , 99 . .
/
.
Wall Street Journal, Business Week
. , /
,
. , Ukranews.
, /
. , TeleTRADE
www.teletrade.com.ua .
,
, . /
FOREX, .
,
(ECN)
. .

332

8.2.2. 2.
, /
.
. /
. /
, . /
, .
/
Omega: TradeStation, Research ProSuite. /
Metastock Equis.
, /
. , DBC.

,
. /
. /
, !

, . /
, .
8.2

8.2.3. 3.

,
.
(,
),
.
, , .
: , /
. /
.
. .

333

8.2.4. 4.
, /
, :
ECN;
;
.
. /, /
. /
. /, ,
. /, /
.
/
.
, . /
. : ,
, .
. /
.

. , , Quantum Leap,
RediPlus, RealTick.
8.2

. , /
.
. /
. /
. , /
, ,
. /
/
.
/
TeleTRADER 4
TeleTRADE.
Metastock .
TeleTRADE, /
.

334

8.3.
,
. (. )
/
/
. ,
home banking
.
/ ,
24 .
/
, , /
, , /
. .
,
on/line Tele/banking, Internet/banking GSM/banking.
/
/
. /
8.3
. /
. /
,
. , /
.
/ ,
.
/ , /

/ .
GSM/banking,
SMS/banking, WAP/banking
.
GSM/banking, /
SIM/ . GSM/banking

335

: , /
,
.
34 % /
. . /
(, ), /
, .


( ) Ace&Base, StarTime, Sim/Sim Uni
, , ,
POS/. , /
PIN/, /
. /
. /
, .
/
/
SMS/.

8.4.
( )
.
( )
/
. , /
, /
,
/ , /

.
.
, :

8.4

336

;
.

8.4.1.
, .
, .
Currency , .
Transaction (buy , sell
).
Lots o .
Order Type .
Place Market .
Place GTC .
Open Price (
).
Stop (Points) Stop/ (
).
Limit (Points) Limit/ (
).
, . /
8.4 , .
Confirm Confirm /
Open Price.
Cancel Cancel /
.
.
Close position .
Change Limit Limit/.
Change Stop Stop/.

8.4.2.
, .
User .

337

Account .
Balance .
Equity .
Margin , ()
.
Percentage , :
Equity/ Margin.
.
Position .
Open Time .
Currency ,
.
Lots / .
Type .
Open Price .
Current Price .
Stop Stop/, .
Limit Limit/, .
Storage (/
00:00 ).
Floating () /
.
Pending Positions .
8.4
.
Position .
Open Time .
Currency ,
.
Lots .
Type (buy/sell).
Open Price ,
.
Current Price .
Stop Stop/.
Limit Limit/.
, /
, , /
History.
!

338

8.5. WEB
- .
( )
/
/ /
. /
. .
.
/
/,
. , /
, . ,
/
.
: /
, ,
. ,
/
. /
, , ,
8.5 , .
, ?
: , ,
.
, , . /
, . , , ,
. , ,
, .

. ,
, /
. / ,
, /
, .
/
. /

339

, /
.
, /
.
(, /
).
.
(, . .) .
.
/ .
.
/.
( ,
).
, .
.
http://www.citycat.ru/
finance/catalog/index.cgi. , /
:
.
http://fingid.com.
. , /
, . 8.5
www.yandex.ru, www.rambler.ru,
www.allbest.ru, www.bigmir.net, www.meta.ua, /
www.yahoo.com, www.lycos.com www.google.com.
, /
,
.
www.mfd.ru, www.rbc.ru,
www.finmarket.ru, www.akm.ru.

: www.finance.com.ua, www.ufs.com.ua,
www.ukrbiz.net, www.finport.net.

, /
, /
, .

340

, /
, . /
http://samara.teletrade.ru.
www.ino.com. /
http://www.infotecsa.com.
/ www.cbonds.ru
www.cbonds.com.ua, www.sokrat.com.ua
www.acapital.com. /
. /
.
(, ,
), www.globalmarkets.com.
.

. , /
. www.bank.gov.ua, /
www.liffe.com,
www.lme.com, (CME) www.cme.com,
www.pfts.com, www.rts.ru, TeleTRADE www.teletrade.ru
www.teletrade.com.ua . .
/
www.liga.kiev.ua (www.liga.ua). , /
8.5 /, /
.
www.rada.kiev.ua.
www.bank.gov.ua
www.minfin.gov.ua .
. /
: , /
. /
www.bta.kz . ,
,
.
www.port.kz, /
(, /
, ). www.lenta.ru, www.bin.com.ua,
www.uabanker.net http://www.uabankir.com ( ),
Wallstreet http://wallstreet.com.ua, /

341

www.ukranews.com www.interfax.com /
.
/
www.kommersant.ru
www.vedomosti.ru. / /
www.gazeta.ru.
www.business.ua .
Www.companion.ua ,
.
www.ft.com www.economist.com.

www.dengi/info.com.
, , /
.

/.
.
:
www.iscreen.ru MoneyTelerate www.telerate.ru.
www.bloomberg.com.
www.tenfore.com www.speedquote.com.
www.cqg.com.
8.5
. . /
, . /
/
.
, .

342

IX.
,
. , , . ( )
9.1

9.1.
, , .
, , .
( )
, ,
. /
/
. , , /
, /
, .

343

, /
. , /
. , , ,
, /
. , , /
.
,
, .
?! , /
,
.
, , /
, /
, .
/
, , , ,
.
/ .
, , /
, /
,
. .
9.2

9.2. TeleTRADE
Someones sitting in the shade today because someone planted a
tree a long time ago. (, - ,
.). ( )

TeleTRADE.
,
.

, /
.

344

: ,
,
, ,
.

, /
, /
, /
, .
,
TeleTRADE /
. :
, /
, ,
: , TeleTRADE, FOREX
.
, /
. /
, , /
, /
(FOREX, Stock). /
: ,
9.2 . /
, 40%
.
, ,
/
, ,
? ? ?. ,
.
, .
TeleTRADE. , , /
, /
. ,
, , .
!

345

9.2.1.
9.2.1.1.
TeleTRADE, , /
. .
1994 .
, , , ndex
78 . /
44
!

( ) ,
. . , ,
: , ?
, , .
, , . ,
, , /
.
, , TeleTRADE
, , ,
?
9.2
90/
/
. , ,
/
.
, ,
, /
. ,
. ,
,
. TeleTRADE
.

, , , ,

346

, . , ,
, ,
, /
, , , .
TeleTRADE.

9.2.1.2. TeleTRADE
TeleTRADE
1995 /
(). 1997
().
1999 /
. /
/
,
. 2000
www.teletrade.ru
2001 . /
. 2002 /
, , MetaTrader /
9.2 , ,
( )
, .
.
1994 . TeleTRADE .
1995 . /.
1996 . .
1997 . .
1998 . .
1999 . .
2000 . .
2000 . www.teletrade.ru. /
, , /,
, , .

347

2001 . MetaQuotes /
MetaTrader
.
2002 . , , /
, , , , , ,
, , .
2003 . : , /
, , , , ,
2004 . TeleTRADE /

(). , , /
/, , (). /
/ ().
TeleTRADE
, 70 , /
.

!

, , 1997 .
19 (,
, , , , , , , /
, , , , , , 9.2
, , , , ). , /

.
.
/
.
/

.
2004
. /
XXI

.

348

TeleTRADE /
: /
, /
/
.

9.2.2. TeleTRADE
, TeleTRADE
70 ,
.
, /
demo/,
, /
.
TeleTRADE .
, .
, , .
,
.
, /
9.2 , , /
.
,
.
/
.

/
TeleTRADE.
, , /
.

, .
, /
FOREX Stock market.

349

, , /
.

9.2.2.1.
/
.
TeleTRADE.
.
.
TeleTRADE /
. , , /
.
/
70 .
, , /
, . /
.
,
, , /
TeleTRADE .
9.2
e/mail: distant@teletrade/dj.com.
TeleTRADE, :
/
;
/
;

;
, /
;
FOREX CFD;
(Guaranty account)
FOREX ;
( Hedge);

350

( ).
TeleTRADE , /
, : , /
. , , , /
.
.

9.2.2.2. !
, , /
, .
, /
. , /
, , .

/
, / ,
, .
, /
, TeleTRADE
/
9.2 () ,
.

. /
, , ,

/
TeleTRADE.
, /
,
, /
, , /
/
.

351

, , , /
.
TeleTRADE: ,
!

9.2

352

A
+ ( /
: +,, /, +, , ) Standart & Poor~s.
AC, accelerator/decelerator oscillator , /
. .

. .
, /
, . /
, ,
.
/
/
, .
.
ccount, A, A/C, .
Account statement .

.
ctive account .
, .
Adaptive Moving Average, AMA , /
.

353

1994 . /
(Perry Kaufman) VMA.

(ER) 2/
30/ EMA.
: AMA /
. / A

AMA .
:
.
: /
.
ADV (Average Daily Volume) .
, .

.
daptive stochastic oscillator (ASO) ,
.
1990/ . .
, ,
. ,
.
/
20/ . /
7 28 . 3/ .
,
(/
20% 80%), .
/
, /
. /
. , /
.
: /
. .

354

:
.
dvisory service .
/
.
A
ADX, average directional index , /
.
. /. /
.
ADX . /
, . /
DX=100*(+DIDI)/(+DI+/DI), .
( 20) /
, 20
( , ). 40 /
.
:
.
: .
ADXR, average directional movement rating /
.
ADX /
. ADX /

n .
ffinity .
,
/ /
.
/
, .
Alligator .

355

, /
.
(,
, ). (
). , /
( ).
/ A
. ,
. /
Gator.
/
. , ,
/
Awesome Oscillator Accelerator. /
.
American depository receipt (ADR) /
(): /
, , .
1927 .

, ; , /
. //
.
American options .
, /
.
AMEX (American Stock EXchange)
.
ntimartingale .
, ,

() /
.
/
.

356

wesome oscillator (AO) .


.
,
(5/ SMA,
34/). /
/ .
A
ppreciation , /
.
rb, arbs, arbitrager, arbitragist .
, .
rbitrage .
, /

/ .
rbitrage house .
,
.
Aroon , .
1995 . .
Aroon : AroonOsc = Aroon(up)/
Aroon(down).
Aroon(up) Aroon(down) 0 +100,
AroonOsc /100 +100 /
.
Aroon(up) Aroon(down) /
, /
. Aroon(up) 50, ,
.
, Aroon(down) 50, /
. 75 /
, Aroon (up
down) .

357

sk (Offer) Price .
, . , /
(
).
sset .
A
Atlanta Fed Index
().
. /

. /
.
10/ 09:00 EST. /
,
(ISM index).
ATR, average true range .
1978 . . /
/.
/
SMA, EMA .
/
/ . /
(, /
), ATR
, .

,
. ATR /
, , ,
.

: ,
; , .
: .
: ATR , /
, .

358

AUD, Australian Dollar, (.: aussie)


(.: ).
.
verage earnings growth ().
.

( , /
A.B
, ).
, ,
, /
. , /
BOE .
. .
verage hourly earnings ().

. /
, /
. .

. /
, , 08:30 EST /
Nonfarm payrolls.
verage workweek ().
, /
. , ,
08:30 EST /
Nonfarm payrolls. .
.

B
B (bid) , (/
).

359

B&A (bid and asked) .


B/D, BD, brokerGdealer /.
, .
Back office, G .
, / B
/
, , ,
.

.
Backtesting /
.
/
( ),
.
alance line .
,
. , /
:
13 , 8 /
;
8 , 5
;
5 , 3
.
alance of payments .
,
, / , /
, (). /
/
, (
), ( ).
(

360

) /
.
.
.

anded oscillators .
, /
(, RSI). /
.
Bank of Canada (BOC) .
Bank f England (BOE) (.: Old Lady, Old lady of Threadneedle
Street) .
Bank f Japan (BOJ) .
Bar .
()
. : Open (/
), High () Close () OHLC.
/
.
Bar chart .
.
, .
arrier option, trigger option ,
.
, (Knok In) (Knok Out)
().
Base Line, KidjunGsen , /.
.
ase rate (), rime rate, prime () /
, () .

361

, /
.
/
.
asis point .
. . B
BBA British Bankers Association
.
B/D, BD, brokerGdealer /.
, .
Bear .
, . To bear /
.
ear market .
, .
ear power index .
Low EMA
. Elder/rays.
earish divergence , /
.

.
.
Beige book .
, . /
. /
, , /
, , , .
. /
, /

362

, /
. /
.
8 , , 2 /

14:00 EST.
B
Ben Bernanke .
1953 . (
) . /, /
2006 .
id (price) , .
, (
).
Bider / ()
.
Big Bang 27 1986 .
Big Board / (NYSE).
ig figure (.: ).
.
lack box .
, /
/
/ /
.
locked currency, soft currency .
, /
.
(John Bollinger)
, Bollinger Capital Management, Inc.,

363

, /
.

Financial News
Network (FNN, CNBC), .
/
, / B
/
.
Bollinger Band System (BBS).
Bollinger Bands (BB) , (, /
, ) .
1980/ . .
. /

. /
. ,
, /
.

,
: /
, , ,
, .
,
, , /
, /
.
:
.
: , .
Bond .
, /
.
ottom, minimum , .

364

/
.
Breakout , .
(/
, , ).
B

Bretton Woods accord of 1944 / 1944 .


, ,
1944 . / .
.
:
,
/ .
, /
( / ).
,
( 1%);
( $35).
.

.
,
.
.
1971 .
/
.
Bull .
, . To bull /
.
ull market .
, .
ull power index .
High /
. Elder/rays.

365

ullish divergence , .

. /
.
Bundesbank, BUBA, BBk .
.
Bureau of Competition ( /
).
Bureau of Foreign and Domestic Commerce
.
Bureau of Government Financial Operations /
.
Bureau of Internal Revenue .
Bureau of Labor Statistics .
Bureau of OldGAge and Survivors Insurance /
.
Bureau of Public Debt (/
).
Bureau of the Customs .
Bureau of the Mint (/
).
usiness inventories , /
().
. /
/
.
. /
.

366

.
08:30 EST.

C
C
C, Cl, close .
.
able . . , ,
.
CAD, Canadian Dollar (.: loonie, ) .
. /
(loon) 1 .
Cambiste (.) FOREX.
ancel order .
/
, , (to make
void, to kill).
Candle, japanese candlestick (candle) ().
()
.
, .
. /
,
.
High/Close
, Open/Low,
, /
,
.

367

andle chart .
, .
CapU, capacity utilisation
, .

.
C
. /
. /
09:15 EST /
Industrial production.
ash market .
.
CBI (Confederation of British Industry) /
.
1965 . CBI distributive
BI industrial trends.
CBI distributive trades
, BI .
.
.
.
CBI industrial trends /
, BI
.
.
.
.
CBOE (Chicago Board Options Exchange) /
.
CBOT (Chicago Board Of Trade) .

368

CCI, Commodity Channel Index , /


.
(Donald Lambert) /
, .
.
n/ SMA (SMATP).
():
C SMATP /
, n.
CCI
SMATP, 0,015*.
,
( +100 /100).
.
.
CD (Certificate of deposit) .
,
.
entered oscillators .
, (/
, MACD).
.
entral bank , .
, :
;
/ ;
;
,
, .
.
Chain Store Sales .
hannel, price channel , .
, , . /
:

369

1. :
) (/
) , () /
;
) (. );
2. (
(. ).
hannel exit .
/ ,
. /
, /
, .
/
, , /
.
Chart , , .
( )
. : , , /
, /.
.
Chartist .
, , /
/
. / /
,
.
CHF, SwF (.: swissy, swissie) (.:
, ).
. /
Confederatio Helvetica 1798 .
.
Chicago PMI (Purchasing Managers Index) /
, .

370


. /
, /
. 4550
. , /
(ISM index).
, /
C , ISM index. /
. /
/ 10:00 EST.
Chikou Span, Lagging Span , .
.
hoppy market .
/
.
laimant count rate /
.
Claimant count /
. /
. /
.
Clearing , .
/
.
lose position .
1. /
.
2. .
losed position (.: flat, square) .
1. C,
. Being flat (
) .

371

2. , .
lose price (
).
Commission , .
.
Confirmation .

.
Consolidation .
1. /
.
2.
.
3.
.
onstruction spending ().
/
/
.
, .
, , /
. /
. /
.
.
/
. , , /
10:00 EST.
nsumer confidence ().
, /
. 1967 .,
100.

372

, /
. /

. /
/
. 20/
10:00 EST.
onsumer credit ().
, /
,
.
,

.
. , /
.
. /
/
.
7/ 15:00 EST.
CPI, consumer price index ().
,
.
/
. /
. CPI
. PPI.
, /
CPI PPI /
. , , /
, /
.
( PPI) 08:30 EST.
onsumer sentiment index
().

373

, /
.

500 . 5 ,
(2 )
(3 ) . , /
, ,
C
, , 100. /
2
, 3/ . /
, 60% .
: ( )
15 (),
(). .
Conversion Line, TenkanGsen , /
.
onvertible currency, ard currency , /
().
, .
ore PPI, core producer price index /
().
PPI /
. PPI.
orrective wave .
, .
Correlation .
1. . /
/1 +1. /1
, +1 /
. 0 .
2. , /
, ,
EUR/USD USD/CHF.

374

ountry risk ,
.
rossGrate /.
, /
.
C

urrency exchange .
, /

. , /
.
urrency futures .
. /
, , /
.
urrency option (foreign), option of exchange .
, / /
() /
().
/
. : /
6 .
10%/ ?
1. +10%.
2. /10%.

3% .
1. .
10/3=+7%.
2. .
/3%.
urrency pair .
, FOREX. /
, EUR/USD.

375

urrency risk, exchange risk .


.
urrency swap .
/
.
urrent account, balance of payments / C.D
.
/
, / , ,
.
,
( ),
( ). ( /
) /
. .
.

D
Day order .
, /
, .
Day trading .
,
.
DD, drawdown , .

.
. 100% .
/
1015%, /

376

. , /
/
.

DDE Dynamic Data Exchange.


,
.
Dead market .
,
, /
.
Dealer , .
( ), /
.
Dealing .
, /
.
Dealing centre (center) .
, /
.
.
DeM, DeMarker .
(Thomas R. Demark) /
.
: /
n SMA.
: , /
.
: .
Demo (.).
, /
/

377

. //
.
/
/
.
Deposit, depo , .
. D
/
.
Deposit rate .
,
.
overnight.
Depreciation .
.
DPO, detrended price oscillator , /
.

, /
. n /
, (n/2)+1 . /
. /

.
: /
(
).
: /
.
Devaluation .
/
.
.

378

DGO, durable goods orders


().
: /
, , DGO /
. DGO
68 /
.
D , /
.
, . /
.
. ., /
.
8:30 EST ( /
).
DI
1. Directional index ( /
).
2. Diffusion index .
, /

. /
. /
, /
.

, /
: , ,
, , . ..
: , , .
Direct quote .
/
.
Directional movement (DM) .
/

379

. ,
. /
, +DM, /DM.
Directional movement index (DMI) .
. /.
, /
. 0 100% . D
DM,
. ADX.
.
/
. DMI ,
, /
.
Directional movement system (DMS)
.
1970 . . /.

: 14/ + DI 14//
/DI. ,
+DI /DI. , +DI
/DI, , +DI /DI.
/
. , /
+DI /DI
. +DI /DI, /
. +DI /DI,
.
/
. , (+DI /DI) /
, /
( +DI /DI), /
.
, .
Discount rate , .

380

1. , ,
. C /
,
.
FOMS 8
discount rate Fed rate. (Minutes of the
FOMC) .
D
2. ,
. ,
Overnight rate target.
Divergence , .
, /
. /
.
() ()
.
, /
( ).
DJIA, DJA, Dow Jones Industrial Average
(.: Dow, ).
, /
30
,
/ . C 1896 .
. .
, Dow Jones
Composite Average. .
DMI .
1. Directional movement index .
2. Dynamic movement index .
Doji , .
.
,
, .

381

Double bottom , .
, /

.
Double top .
,
. D
Downtick .
Downtrend .
, /
, .
Drawdown (DD) , .

.
. 100% .
/
1015%, /
. , /
/
.
DST, Daylight Saving Time .
, /
. ,
. .
/
, . /

.
Durable goods orders (DGO)
().
, /
, . DGO

382

. DGO
68
.
,
. /
, . /
.
D.E
. .,
.
8:30 EST ( /
).
Dynamic momentum index .

(Stanley Kroll). RSI , /
( 3 30 /
). . /
DMI , RSI.

E
ECB, European Central Bank , .
.
EDT, Eastern Daylignt Time
, , /
/. UTS 4 . EST.
ER, Efficiency Ratio .
, /
(Perry Kaufman) AMA. /
0 1.
, /
.

383

Alexander Elder (. . 1951), /


, , .
, /
. ,
.
/ /
. /
, / , E
, .
Elder/rays .
Financial Trading /
.
/
, , , .
/
, ,
, .
ElderGrays , .
1989 . /
.
: /
High/EMA ( ) Low/ EMA ( ). EMA
lose.

,
.
,
, .
,
.
: /
.
: .
Elliott Wave Analysis ,
(Ralph Nelson Elliott), /
1930/ .
.

384

Elliott Wave Theory .



.

1, 3 5 ,
, 2 4 /
, .
, /
.

.
:
.
8/
.
( ) /
, .
( ) ,
.
.
/
. , ,
, /
, , /
.
/
, /
.
.
100%
. , low /
.
/
, .

, ,
, , ,
.

385

EMA, Exponential Moving Average , /


().
SMA. EMA
,
. .
, EMA , /
, . /
E
EMA , , .
EMA ,
. E
, E . /
E .
/
, SMA.
/
. /
.
Employment .
,
.
/
, /
(nonfarm payrolls).
mployment cost index ().
.
/
.

.
/ . /
08:30 EST.
Envelope .
, /
,
, High Low.

386

, /
.

, .
, /
, .
D

Equity .
,
.
ER, Efficiency Ratio .
, /
(Perry Kaufman) . /
0 1.
, /
.
eSignal
1. , IDC.
2. / ,
, , 24/
FOREX
. /
, DDE, TradeStation.
EST, Eastern Standard Time .
UTS /5 .
, /, EDT.
EU, European Union .
, /
. 25
: , , , , , /
, , , , , , , , /
, , , , , , /
, , , , . 12
, .

387

EUR, euro .
.
EZ, eurozone, euroGarea .
, /
.
D
Eurocurrency .
, , /
/ .
Eurodollar .
, ,
( ), . /
.
, /
.
; /
, . /
.
xchange risk, currency risk .
.
Existing home sales, new home sales , /
( ).
/
, ,
, . /
.
10:00 EST ( /
).
xport prices .
.
. .
/
. /

388

10/ 8:30 EST /


Import prices.

F
F
FA, fundamental analysis , .
,
:
;
;
;
/.
.

, ( /
, , . .).
,
.

, /

. /
:
;
;
;
/ ;
,
;
, /
;
;
;
.

389

Factory orders, manufactoring orders ().


. /
: . /
,
. : 10:00 EST,
( 2 ).
False breakout , .
F
/
( , , ), /
.
Fast stochastic ,
.
,
%K

; %D ,
.
Fed, FRS, Federal Reserve System , /
.
.
/ . 12 /
, 24 /, /
, . /
4/ . 2006 . .
Fed rate, federal funds rate .
, / /
overnight REPO. /
FOMC.
FOMC 8 Fed
rate discount rate. (Minutes of the FOMC)
.
Federal Open Market Committee (FOMC) /
.

390

, /
()
, , .

Fibo level, (.: fibo) (.: ).


,
.
38,2%, 50%, 61,8%, 75,2%.
Fibonacci (Leonardo Pisano) ( )
(11801240 .).
(1202 .)
, /
. /
, .
Fibonacci sequence .
, . /
:
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89...
0,618,
1,618 ( ).
0,618
61,8%, 38,2%, 50%, 75,2%.

.
/
,
.
/
. 38,2% , 61,8%
. 38,2%
.
FIFO, First In First Out , .
FIFO.

.

391

Fiscal Policy / .
Flag .
() /
.
.
/
, .
F
Flat market , (.: , ).
, .
, /
.
FOMC minutes FOMC, /
Fed rate discount rate.
.
/
. /
.
(Foreign) currency option, option of exchange .
, / /
() /
().

. . /
6 . /
10%/
?
1. +10%.
2. /10%.

3% .
1. .
10 3 = +7%.
2. .
/3%.

392

FOREX, FX .
Foreign Exchange Market /

. FOREX /
.
, /
/
.
: /
, , , , /
, ,
, .
,
FOREX, , ,
, .

$1,5 .
15% FOREX.
Forward contract .
/
, .
Forward exchange rate .
.
Fractal .
1. , Profituniti
(),
( )
( ).
2. ,
: /
.
.
Fund , .
1. / , /
.

393

2. , . , /
( ) /
.
3. .
Fundamentalist .
, , , /
, .
Futures, futures contract ,
(.: ).
1. ( ), /
, .
2. ,
/ .

G
G7, Group of Seven .

: , , , , ,
.
/
. 1998 .
(G8).
Gann William Delbert . (1878 1955 .).
/
XX .
/
. 53
,
.

, /.

F.G

394

, , ,
, /
/
. /
.
Gann angles, lines .

G
,
.
, /
45 .
1x1
.
/
. 1x1
.
, . ,
1x1 /
, .
,
1x1 :
1x8 82,5
1x4 75
1x3 71,25
1x2 63,75
1x1 45
2x1 26,25
3x1 18,75
4x1 15
8x1 7,5
/
, X Y /
. , /
X (. . , , , ) /
Y.

11: 45.

395

,
/
. , 11
.
11 . , /
(
12). , , /
.
G
Gap , .
, , /
.
Gator .
, /
. . /
/
. /
, , /
.
GBP, Great Britain Pound (.: Cable, Sterling)
(.: , , ).
. Cable
GBP/USD / ,

.
GD, Good for the Day , .
, ,
GTT.
GDP, Gross Domestic Product , .
,
.
,
:
GDP = C + I + S + E / M,

396

, I , S /
, E , M .
, /
. /
.
.
G

GDP advance .

. : advance
provision final. ( /
), 20/ 08:30 EST.
GDP deflator .
.
/
. . /
.
.
GDP final .

. :
advance provisional final. provisional . /
.

20/ 08:30 EST.
GDP provisional (revised, preliminary) /
.

. : advance
provisional final. /
20/ 08:30 EST.
Global trade, nonGEU trade balance .
.
, . /

397

, , .
,
.
/
. .
GNP, Gross National Product , .
, /
, .
Good for the Day, GD , .
, ,
GTT.
Good till time, GTT , .
Good Till Cancelled (GTC) Order ,
.
Grey box .
, /
/
/
.
Greenback , /
.

H
H, Hi, high .
.
Hard currency, convertible currency , ,
. , /
.

G.H

398

HICP, Harmonized Index of Consumer Prices /


, /
. c .

Head and shoulders (.: ).


,
, . . /
, .
Hedging .
/
, .
Help wanted index ().
/
. 1987 . , /
100. .

, /
. /
/
. . /
, , .
HICP, Harmonized Index of Consumer Prices
, .
.
Histogram .
.
/
.
Housing starts and building permits /
().
. /
, /
.

399

. /
.

, /
.
( ) /
, :
.
8:30 EST ( / I
).
HumphreyGHawkins testimony
.
: .
(The Senate House) /
. /
.
/
.
. /
.

I
IB, introducing broker .
, /
,
, /
.
IBRD .
International Bank of Reconstructing and Development, /
, World
Bank ( ).

400

IKH, Ichimoku Kinko Hyo .


(Goichi Hosoda, /
: ). 1969 .
/
.
Tenkan/sen
.
Kijun/sen .
Senkou Span A
, .
Senkou Span B /
, .
Chikou Span ,
.
Senkou
. /
, .
Chikou Span
, .
, Tenkan/sen /
Kijun/sen . .
/
.
/
.
:
, .
Ichimoku cloud .
Senkou Span A Senkou Span B /
. , /
, .
IDC ( DBC) Interactive Data Corporation

.
, /
, /
.

401

IDC :
FT Interactive Data
.
ComStock , , /
.
eSignal /
,
.
CMS BondEdge I
.
IF .
, .
IFD, IF None, OTO, One Triggers the Other
.
, ,
.
IFO (Institut fur Wirtschaftsforschung) /
(, ).
IFO survey.
IFO survey IFO.
.
80 120, 100
1991 . .
.
IMF .
International Monetary Fund, .
Import prices ().
.
. /
(CPI) ,

.

402

.
/
.
10/ 8:30 EST Export prices.
Impulse wave .
, /
.
I
Index future , /
.
Index of activity .
Index of consumption .
Index of productivity .
Index of welfare .
Index Herfindahl .
X
.
Indicator , (.: ).
(/
),
.
( )
:
AC;
Adaptive stochastic oscillator;
Alligator;
ADX;
AMA;
AO;
Aroon;
ATR;

403

Bollinger Bands;
CCI;
DeMarker;
directional movement index;
DPO;
Elder/rays;
EMA;
Ichimoku Kinko Hyo;
KRI;
SMA;
MACD;
Momentum;
Parabolic;
RSI;
RVI;
Stochastic;
StochRSI;
VIDYA;
Williams R%;
WMA .
( ):
Atlanta Fed index;
Average earnings growth;
Average hourly earnings;
Average workweek;
Balance of payments;
Beige Book;
Business inventories;
Capacity utilisation;
CBI distributive trades;
CBI industrial trends;
Chicago PMI index;
Claimant count rate;
Construction spending;
Consumer confidence;
Consumer credit;
Consumer price index;
Consumer sentiment index;

404

Current account (Balance of payments);


Durable goods orders;
Employment cost index;
Existing home sales;
Export prices;
Factory orders;
Federal budget;
GDP;
Global trade;
Help/wanted index;
Housing starts;
Humphrey/Hawkins testimony;
IFO survey;
Import prices;
Industrial output;
Industrial production;
ISM index;
Jobless claims (Initial claims);
Leading indicators index;
Machinery orders;
Manufacturing output;
Manufacturing orders;
Manufacturing production;
Michigan consumer sentiment index;
Money supply;
New home sales;
Nonfarm payrolls
Personal income;
Personal spending (consumption);
Philadelphia Fed index;
Producer price index (PPI);
Core producer price index (Core PPI);
Productivity;
Public sector borrowing requirement (PSBR);
Purchasing managers index (PMI);
Redbook;
Retail price index (RPI);
Retail sales;

405

Tankan report;
Tsy Intl Capital System;
Trade balance (International trade);
Unemployment rate;
Unit labor costs;
Unit wage costs;
Wholesale inventories;
Wholesale price index (WPI).
I
Indirect quote .
/
.
Industrial output o .
/
(manufacturing output), /
, , /
.
. /
,
60% .
. .
Industrial production (IP) ().
(), /
, , . .
/
. ,
, .
(Board
of Governors) 1997 .
Capacity Utilization. /
.
. /
9:15 EST, ( ).
Inflation .
, /
, .

406

/
: .
.
Info quote .
, .
I

Initial claims, jobless claims, /


().
,
.
, .
, , /
Nonfarm payrolls. , /
Jobless claims
, ,
Nonfarm payrolls .
. /
/
. 8:30 EST
( ,
).
Initial margin .
, /
. .
Inside information , /
(: ).
FOREX ( /
, . .), /
. ,
,
, .
Insider .
, /
.

407

Instrument .
, / .
Interest ().
1. ,
,
. .
2. , , ().
I
International trade, TB, trade balance .
, /
.
, (/
), (/
). ( /
)
.
.

( ) 08:30 EST.
Intervention .
/
.
.
Intraday .
, , . . /
.
IB, introducing broker .
, /
,
, /
.
Inverse head and shoulders (:
).

408

, /
, . /
. ,
.

Industrial production, IP ().


(), /
, . .
/
. ,
, .
(Board
of Governors) 1997 .
Capacity Utilization. /
.
. /
9:15 EST, ( ).
iScreen Reuters
.
Reuters iScreen
:
Reuters Cobra
, /
.
/ Reuters Messaging /
.
Infotecs VipNet Monitor /

Reuters Reuters Kobra.
ISM (Institute for Supply Management Chartered Institute of
Purchasing and Supply) /
.
ISM index.
ISM index ISM ().
. , 50,

409

,
50, , . ,
ISM 60 /
,
( ) /
. 40 .
,
: New Orders (30%) Production (25%),
Employment (20%), Supplier Deliveries (15%), Inventories (10%). / J
0 100% /
: 50% / ; 50%
; 50% .
, /
10:00 EST. .

J
JA, joint account .
, .
Japanese candlestick (candle), candle (/
), .
()
. , . /
.
,
.
High/Close
, Open/Low, .
, /
,
.
Jittai .
Open Close.

410

Jobless Claims /
.
Joint account, JA .
, .
JPY, Japanese Yen .
.
J.K

K
KRI, Kairi .
. /
Momentum SMA :
KRI = 100 x (P / SMA(P,n)) / SMA(P,n),
P , n SMA.
/
,
. /
.
.
.
Key rates () .
Fed Funds Rate, Discount rate.
Repo rate.
Refinancing tender, Deposit rate, Marginal lending rate.
Overnight call rate target. Discount rate.
3 month LIBOR range.
Overnight rate target, Bank rate.
Cash rate.
Official cash rate.
KidjunGsen, Base Line /, ,
.

411

Kiwi , .
Knock in /.
, /
().
Knock In
().
Knock out
K.L
,
().
Knock Out
, , ().
, ,
/
. /
Knock Out ,
.

L
L, Lo, low .
.
Lagging indicators .
, /
.
.
MACD.
Lagging Span G Chikou Span , .
.
Leading Economic Indicators (LEI) /
.

412

1. C , , ,
.
2. ().
, /
. /
.
, LEI
. , /
L LEI /
. , /
0.5%, /1% /0.7% .
, : , 1952
1998 . LEI 10 , /
7. , LEI /
, .
10 /
12 .
10:00 EST ( /
). .
Leading indicators .
, /
/
( ). CCI,
Momentum, Stochastic Oscillator, RSI, .
,
, , , .
Leading Span G Senkou Span , .
Senkou Span A Senkou Span B
.
Leverage .
.
LIBID, London InterBank Bid Rate .
, /
BBA .

413

LIBOR, London InterBank Offered Rate .


1. , BBA,
/
: 1, 2, 6 12 /
.
/
.
2. .
.
L
limit order, take profit, T/P, TP
(.: ).
, ,
. .
limit position .
.
Line chart .
.
,
( , ,
, , ).
:
, /
, .
: , /
.
Liquidation , .
( /
).
Liquidity .
1. ( )
.

.

414

2.
/ .
.
Long position, long (.: ).
. /

.
L.M

Loonie (.: ), CAD, Canadian Dollar .


.
(loon) 1
.
Loss .
Lot .
/ .
lower shadow (.: ).
/
Open Close .

M
MADiff, OsMA, (moving average of oscillator)
. /
MACD.
Manufacturing orders ,
.
1. . factory orders ().
2.
().
.

415

Manufacturing output o , /
, ().
.
,
20%. .
Manufacturing production , /
().

M
.
MATIF (Marche a Terme International de France) /
.
Maturity Date .
Margin .
,
.
Margin Account .
, /
.
Marginal lending rate .
,
. /
/
overnight.
Margin Call
.
Margin requirement, initial margin , /
.
,
/
. .

416

. $100000
1/100 :
$200000 x 0,01 = $2000.
MarketGmaker /
,
.
/ 20% .
M

Market order
.
Market place () , .
Market price , . . ,

Market value () ,
, .
MarketGuser /.
, .
Martingale .
, /
.
,
. /
.
Marubozu , .
.
/
.

Margin (). , /
.

417

Maximum, peak, , , .
/
.
Median price, MP , .
, H L
:
MP = (H + L) / 2
Mechanical (Trade, Trading) System, MTS , M
() ,
() .
C , ,
, /
. /
.
, , /
.
Memember broker .
Michigan Consumer Sentiment Index /
().
. /
/
.
: , /
(preliminary, ) (revised, /
). 9:45 EST. /
. /
. .
Minilot, mini lot .
1/10 .
.
Minimum, bottom, , .
/
.

418

Mio .
.
Momentum , , .
1. , .

.
. /
/
M
.
/
( , . ), (MACD).
2. .
. /
n , /
. .
,
.
. /
.
,
.
.
, /
.
MM
1. Money Management . , /
,
.
(Van K. Tharp)
.

, ,
. /
2% .
2. Money Market . /
.

419

Monetary policy / .
, /
.

, .
Money market (MM) .
/
( 1/
M
) , /
.
Money supply (M0, M1, M2, M3, M4) , /
.
,
.
/
. , , /
, .
, , /
,
,
, .
/
:
M0 ;
M1 , /
, , , /
;
2 = M1 + , /
, 100 . ,
, ,
;
M3 = 2 + , /
100 . , /
, , /
/
.

420

4 , /
, , /
. 4
.
Money supply M2 , /
.
( , ).

:
M
M0. M0
. 1983 . /
, .
M1 .
/
.
M2 1 .
M3 2
.
Money supply M3
, , /
4/ .
. /
( /
),
.
. .
3 month LIBOR .
/
, /
3 Month LIBOR .
Moving average (MA) () .
1. /
. :
SMA ,
EMA ,
WMA ,

421

TMA ,
VMA ,
SWMA /
, .
2. (SMA).
Moving Average ConvergenceGDivergence (MACD) /
.
1970/ . / /
(Gerald Appel).
M.N
.MACD /
EMA . /
MACD,
MADiff OsMA. .
. /
.
, /
.
MADiff /
, .
: EMA /
/
, .
: () /
/
, (),
.

N
NAPM (National Association of Purchasing Managers) /
, 2002 .
(Institute for
Supply Management).
ISM index.

422

NAPM NonGManufact
.
Narrow Market .
, /
.
NASDAQ (National Association of Dealers Automated Quotation)
(: ).
N
1. .
2. C NASDAQ. : NASDAQ
Composite.
.
,
, /
, ; /
.
/
, NYSE AMEX /
. .
3. , NASDAQ Composite
NASDAQ National Market Composite, NASDAQ/100 /
.
Natural bar .
,
( ), ( /
) . .
/
.
Necessary Margin .
Net position /, .
, /
.
Neural network .

423

, /
, /
.
. /
.
1980/ .
, /
.
New Home Sales .
Nikkei 225 225.
.
225 , /
.
/
Nihon Keizai Shimbun. .
Nikkey Dow Jones average
()
Nonfarm payrolls (NP) , /
.
Payroll , /
. , /
. /
. ,
. , /
$200 000 /
3,0%.
, ,
08:30 EST.
NYSE Composite Index c /
.
NYSE, New York Stock Exchange / .
.

424

NYT, New York Time /, UTC/5 .


/ EDT.

O
N.O

O, Op, open .
.
O/B, OB, overbought .
, /
.
O/S, OS, oversold .
, /
.
OCO, One Cancels the Other .
, stop loss limit order, /
.
, ,
.
ffsetting transaction .
,
.
ffshore, offGshore , .
, / /
.
/

CCCP
.
() :
, , , , , .

425

OHLC (Open, High, Low, Close) /


, .
Old Lady ,
.
pen (uncovered) position
1. , /
/
.
O
2. (.: ):
) ,
;
) , .
(Foreign) currency option, option of exchange .
, / /
() /
().

. : /
6 . /
10%/
?
1. +10%.
2. /10%.

3% .
1. .
10/3=+7%.
2. .
/3%.
ption barrier .
, /
.
ption price , /
.

426

ptions , /
/
, .
( ) , /
/
.
ptions exchange .
O

Order , .
, /
.
:
(market order);
(limit order);
/ (stop order).
:
(Good Till Cancelled);
(Good for the Day);
(Good Till Time).
:
(IF);
(One Cancels the Other);
(One Triggers the Other,
IF Done).
Oscillator .
,
c , . /
.
( ) /
( ).
utput index .
Overbought ,
.

427

/
,
.
Overnight .
vernight, rollover, swap /, , .
(00:00 GMT). /
, /
, ,
O.P
.
vernight call rate target /
overnight.
,
. /
. /
.
versold ,
. /
,
.

arabolic SAR PTP, Parabolic Time Price system .


1976 . . /. (J.
Welles Wilder, Jr.).
stop//
. , /
/
stop.
stop/
, /

428

. ,
. ,
, .
, , /
.
/
. , /
, .
:
,
.
P
ar value .
attern , .
, /
.
( ) / : , /
, . . , /
.
: , /
Close > (High/Low)/2, High

2 (. .).
, /
. . ,
.
,
.
eak, maximum , , .
/
.
ending order , .

.
: / /
.

429

ennant .
() /
. /
.
Percent R, Williams %R .
1973 . .

.
0 100, P
. /
.
.
, /
( 20% 80%) /
.

, /
.
, /
, .
/
.
Period, TF, timeframe , , .
,
(, , )
.
, , , 4 , 1
, 30 , 15 , 10 , 5 , 1 .
Personal Income /
.
ersonal income ().
. /
, , , /
, . . /

430

. /
Personal Spending.
. :
8:30 EST ( 2 ).
ersonal spending, personal consumption
().
.
.
: /
P
, .

.
/
. : 8:30 EST
Personal income.
Philadelphia Fed Index /
().
. /

. /
.

12:00 EST. .
.
ip, point , (.: , ).
. /
, 0,01 / /
0,0001 .
ivot point , , .
1. , /
high (H), low (L) close (C).
,
. /
, , /
.

431

FOREX /
/ (16:00 EST) 24/ .
/
Open (O):
P = ((. O) + . (H + L + C))/4
2. (),
.
/
. (Thomas R. Demark)
(pivot point).
PMI, Purchasing Managers Index .
,
. .
PMI , /
. : /
PMI, , , /
. 40/
PMI 7
3 .
PMI 1999 . /
hicago PMI, Tankan.
PMI (Tankan /
).
oint and figure, XO /, .
,
.
, .
X
O ( O
X ).

. ,
. ,
, . X ,
O .
, /
, .

432

osition .
/
.
osition limit .
.
PPI, producer price index ().
/

. PPI . /
P
CPI, .
PPI

. /
,
.

8:30 EST. .
rice corridor, price range, trade range , /
.
, /
.
.
rincipal .
,
.
robability theory (PT) , .
, ,
. /
.
roducer price index (PPI) ().
/
. PPI . /
CPI, .

433

PPI

. /
,
.

8:30 EST. .
roductivity /
().
P
. /
, . /
,
. ,
/
.
. /
/
.
Unit labor costs 8:30 EST
( ) /
, .
Profitunity ,
, , Awesome Oscillator, Accelerator
.
.
Public sector borrowing requirement (PSBR) /
().
. /
, . .
yramiding , , /
.
,
/
.

434

Q
Quotation , (bid/ask),
, /
.
Q.R

R
Rally .

.
Range .
(),
.
Reserve Bank of Australia (RBA) ()
.
Reserve Bank of New Zealand (RBNZ) (/
) .
Real (.).
, /
. //
.
Real body .
Open Close .
Rebound, upswing .

435

1. () /
.
2. .
Recession .
, .
Rectangle .
()
.
(. .). . / R
, /
.
, /
, /
.
Redbook .
/
.
8:30 EST. ( )
/
,
. .
, /
( ).
/ /
.
Refinancing tender .
,
. Fed rate ().
,
.

(Governing Council) .
1999 ., , .
,
.

436

Registred representative (RR) .


Relative bar .
,
. ,
, 8:15 8:45, , ,
, , .
Relative strength index (RSI) .
1978 . . /.
R

/
. 0 100%. /
.
/
, RSI
( 30% 70%).
/
.
RSI .
/
,
.
,
.

, .
.
/
. /
. /
StochRSI.
Relative volatility index (RVI) /
.
(RSI), /
10/ /
.

437

Repo rate .
,
repo ( . reposession /
),
.
/
(Monetary Policy Committee)
. /
12:00 ( ) .
(Minutes of meetings) /
. R
Res, resistance , .
, /
.
/
, /
. /
(.
, WMA) (. ).
Retail price index, retail prices (RPI) (/
).
,
. /
RPI/X HICP. /
, .
. .
Retail sales p , .

. :
.
,
, /
. /

. .

438

8:30 EST ( ).
. .
, /
. , /
.
. .
. , /
.
. . /
.
Retracement , .
/
. . /
.
.
Reuters .
.
1851 . /
. 2000 , .
Reuters /
iScreen.
Risk .
( ),
.
/
f /
, . /
.
Risk capital .
,
/ ,
.
Risk control .

439

.
.
Rollover /
().
Round trip .
( ) /
.
RPIGX R.S
.
/
.

S
S&P, Standard and Poors /
, S&P500, S&P100,
.
S&P 500, Standard and Poors 500 c 500 /
S&P (.: /).
Standard & Poors, /
500
. 80%
/ .
Scalper ; , (.).
, ()
().
Scalping ; (.).
() /
().

440

Setup , .
, /
,
().
Shadow .
High Low . /
.

Shitakage .
.
Short position, short (.: ).
. /
.
Simple Moving Average (SMA) , .
1960/ . /
(Richard Donchian) ../
(J.M.Hurst).
SMA N . /
,
.
, SMA , /
, . , /
SMA , , .
SMA .
SMA
.
: , /
, SMA.

EMA WMA.
SineGWeighted Moving Average (SWMA) /
.
,
. , .

441

Slippage .
, c/ /
, .
.
, /
, /
. ,
.
/
. /
, / S
.
Slow stochastic , /
.
,
:
%K /
/
;
%D ,
.
/
,
.
Smoothing , .
/
( ).
/

.
Soft currency , /
.
SNB, Swiss National Bank ()
.

442

Soft currency, blocked currency .


, /
.

Soros George (. . 1930).


, /
FOREX.
FOREX spot 1996 . , McDonalds
.
30 1930 . 1951 . /
. 1956 . , /
/.
1966 . $100 . /
$4 . /
, 1969 . /
Double Eagle ( Quantum Group). /
,
. 1990 . Quantum Group /
$10 .
15 1992 . /
, ,
$1 .
, .
.
2004 . /
$13 , /
.
Speculation .

.
Speculator .
, .
Spike .
.
, /

443

/
. .
.
,
; .
, .
Spinning top .
/
. , /
, . S
Spot .
, ,

.
Spot Date .
FOREX
.
Spread (ask) (bid)
.
Stop Order /
.
Square (.)
1. , , . Be
square (.: , , )
, .
2. C,
.
Standard deviation , , /
.
, /
, VIDYA (),
.

444

Sterling , .

Stochastic oscillator, stochastic , /


.
1950/ .
(George C. Lane). (.
adaptive stochastic oscillator).
/
( %K).
(
%D). 0 100. /
, .
,
(/
20% 80%), .
/
, /
. /
. , /
.
.
: /
.
StochRSI .
1994 . (Stanley Kroll).
RSI,
, /
.
RSI. 0 100%.
.
, StochRSI /
(020%) 20%. /
, StochRSI /
( 80%) 80%. /

50%. /
.

445

,
.
RSI .
,
.
Stop and reverse, SAR / (.: ).
1. ( ),

(.: ).
/ S
.
.
2. .
Stop order, stop loss, S/L, SL , /
(.: ).
, ,
. .
Stop out , .
, /
.
1030%. /
.

.
stop out
.
Sup, support (level) , .
, /
.
/
, /
. /
(.
, WMA) (. ).

446

SWIFT Society for World/wide Interbank Telecommunications.


,
900 .

/ .
SWMA, SineGWeighted Moving Average /
.
,
. , .
S.T
Syntetic price .
, . /
: , , .
.

T
TGbills (treasury bills)
.
13 26 , /
52 . , /
$10 .
TGbonds (treasury bonds) ; /
10
$1 .; 2 ,
; 30/
.
TA, technical analysis , .
/
(, , . .) /
.

447

Tankan report .
, /
.
8000
, :
* ;
* ;
* , ;
* ;
* ;
* ;
T
* .
Tankan .
TB, trade balance, international trade .
,
.
, (
), ( /
). ( /
) /
. .

( ) 08:30 EST.
Technician (.: ).
, , /
(. ).
Technical Analysis .

.
Technical Indicators .
, /
, .
TF, timeframe, period , , .

448

,
(, , )
.
, , , 4 , 1
, 30 , 15 , 10 , 5 , 1 .
hin market .
,
. . .
T

ThreeGline (price) break, threeGstep reversal chart, threeGstep new


price, TLB, 3LPB .
, /
, Close. .

. /
.
, /
.
, (
) ( ).
,
High Low
.
.
/
, .
,
.
.
TIC, TICS, Treasure International Capital (System), Tsy Intl Capital
System (), /
.
/
( , /
) (
).

449

, $40
, . /
/
.
(http://www.treas.gov/tic)
11/
, 09:00 EST.
Tick .
,
.
T
ick chart .
/
. .
/
,
.
. /
,
, .
. /
,
.
ick volume .
.
FOREX.
TIC, TICS, Treasure International Capital (System), Tsy Intl Capital
System
(), /
.
(
, )
( ).
, $40
, . /

450

/
.
(http://www.treas.gov/tic)
11/
, 09:00 EST.

TMA, Triangular Moving Average , /


, .
/
, .
SMA.
Typical price, TP .
, H, L C
:
TP = (H + L + C) / 3
TR, true range .
/
.
:
p ;
/
;
/
.
Trade Balance .
Trade range, price corridor, price range , /
.
, /
.
.
Trader .
, /
, .

451

Trailing stop /, .
1. /, /
. ,
. ,
. ,
.
, High Low .
/
, .
2. , /
N
T
( /). /
(MetaTrader).
Treasure Budget .
Trend , .

() .
Trigger .
/
.
Triple divergence , .
( ) /
( ) /
. /
.
Trough
1.
.
2. , /
.
Turnover , .
/
.

452

Tushar S. Chande (. . 1958).


, , ,
, .
. 1990/ .
VIDYA, Adaptive Stochastic Oscillator, Aroon. Stanley Kroll
StochRSI Dynamic Momentum Index.
Two way quote .
, .
T.U

Typical price, TP .
, H, L C
:
TP = (H + L + C) / 3

U
Unemployment rate .
1.
. . /
.
.
2.
. /
Nonfarm payrolls. /
. /
, Nonfarm payrolls.
/
.
, , 08:30 EST.
Unit labor costs c ().
, /
. /
, .

453

/
/
, /
.
Productivity 8:30 EST
( ) /
, .
Unit wage costs c ,
.
U
, /
. .
.
Upper shadow (.: ).
/
Open Close .
Upswing, rebound .
1. () /
.
2. .
Uptick .
Uptrend .
, /
, .
UTC, Coordinated Universal Time /
.
,
(GMT).
Uwakage .
.

454

V
Value date () .
.
VMA, Variable Moving Average ,
.
, /
V
/
(VIDYA), (AMA ) . .
Variation margin .
,
.
VIDYA (Variable Index Dynamic Average) p VMA
.
1994 . /
EMA. 2000 . /
(Dennis Peterson).
EMA /
. VIDYA /
CMO (
).

.
, 0,32%,
VIDYA.
.
/
.
Volatility (, ).

.

455

. /
, /
.
/
. /
.
Volume ,
.
/
.
V.W

W
Wage index .
Weighted close, WC .
, H, L C
:
WC = (H + L + 2 x C) / 4
Whipsaw (.: ).
,
.
Wholesale inventories /
(), .
/
. . /
.
.
10/ 10:00 EST.
Wholesale Trade .

456

Wilder J. Welles, Jr. . /. (. . 1940).


/
. 1962 . /
, /.
, /
. 1970/ .
/
: , , /
. 1980/ . /
Delta Society International,
.
W
Williams Bill M. . (. . 1928).
40/ /
. /
, Profitunity
. ,
.
Williams Larry (. . 1944).
, 1973 . /
. 1987 . /
. $10 . $1,1 .
Window .
, , /
.
. ( Close)
, , .
WMA, Weighted Moving Average ,
.
SMA.
WMA , /
.
, WMA ,
. , WMA , /
.

457

WMA .
, /
WMA .
/
, SMA.
: /
.
WPI, wholesale price index.
1. , .
. /
: /
, . W.Y.Z
WPI , CPI, /
/. /
.
2. 1978 . PPI.

Y
Yard (.).
.
Yield, YLD .
.
.

Z
ZigZag .
/
( ).

458

.
,
(, 0,3%).
/
. /
.
:
.

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TRADER 4 539

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6.6.
,
.

540 TRADER 4

6.6

:
;
;
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OHLC;
;

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MACD, RSI Moving Average, /
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TRADER 4 541


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6.7.
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(DEFAULT).
EUR/USD, USD/CHF, GBP/USD USD/JPY.
/
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/

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542 TRADER 4

/ Shift + F5
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TRADER 4 543

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544 TRADER 4

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Ctrl+Z.

7.1.1.
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7.1 ,
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TRADER 4 545

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7.1
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546 TRADER 4

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7.1
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TRADER 4 547

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548 TRADER 4


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TRADER 4 549


. 45.
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: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 . .
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550 TRADER 4

61,8%. ,
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TRADER 4 551

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/
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Average Awesome Oscillator

. /
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Previous Indicator Data
( /
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/
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/
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552 TRADER 4

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TRADER 4 553

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VIII.

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8.1.
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Stop Loss;
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554 TRADER 4

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8.2. Instant Execution


Instant Execution (IE) , /

TRADER 4 555

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Sell Buy .
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IX.
9.1.
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/ .
: Market Order (/
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Market Order ( )

556 TRADER 4

/
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Sell Buy . Instant
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TRADER 4 557

/
. ASK ( ),
BID ( ).
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4 .
1. Buy Limit ASK /
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558 TRADER 4


Pending Order:

9.1

Stop Loss Take


Profit. Stop Loss Take
Profit .
Stop Loss
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/
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/
ASK/, BID/.
Stop Loss /
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Take Profit
Take Profit /
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ASK/
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TRADER 4 559

!

.
Stop Loss Take Profit G
.
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.
ASKG. ASKG
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9.2.

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560 TRADER 4

.
10.1.

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10.1

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TRADER 4 561

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10.2.
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562 TRADER 4

, ,
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SYMBOL, BID, ASK, DATE ( , ,
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/
DDE (Dynamic Data Exchange)
.
DDE .

10.2

! DDEG
, G
.
DDE/ /
DDE/sample.xls:
BID: = MT|BID!USDCHF
: 1.5773
ASK: = MT|ASK!USDCHF
: 1.5778
HIGH: = MT|HIGH!USDCHF
: 1.5801
LOW: = MT|LOW!USDCHF
: 1.5741
TIME: = MT|TIME!USDCHF
: 21.05.02 9:52
QUOTE: = MT|QUOTE!USDCHF : 21.05.02 9:52
1.5773 1.5778 1.5776

TRADER 4 563

XI.
/
.
:
(Bid
Ask) .
( /
) .

, Stop Loss Take Profit.
GTC /
. , /
.

.
/
.
11
/
.
/
(Forex, CFD, Futures).
( , /
).
.
.
/
(Forex, CFD, Futures).
/
.
,
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(
) //.

564 TRADER 4

XII.
. /
. /
. /
,
/ . /
Languages.
, . /
.
MultiLanguage Pack,
/
.
. MultiLanguage Pack /
, Languages MultiLanguage
Pack. MultiLanguage Pack
.
12

565

566

567

568

569

570

571

572

573

574

575

576

ISBN 966/8286/65/0

/
. , . , . , .
1000 1

TRADER 4
: , 2006. 564 .

/ . . . .
. , . .
/ . .
. .
. .

,

: redaktor@dengi/info.com

11.12.2006
. . 60 84 1\16.
. . . 32,79. 1000 . 10/12

, /
65053, . , ., 82 .
: www.vmv/press.odessa.ua
: comp1_vmv@vmv/press.odessa.ua

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