05-08-2022, 03:57 AM
It's exactly like the film in your still camera in that it records visual information with chemical reactions on special material. Video, on the other hand, stores visual information as an electronic signal that can be transmitted via radio waves, sent through coaxial cable, etc. Because of this, film and video have very different properties. For one thing, they don't split up still images the same way. Filmed movie frames must therefore be reorganized into a video format before a movie can be shown on a television. The more controversial formatting issue is changing the shape of a movie's picture so that it fills a television screen. Video producers significantly change most movies from their original theatrical presentation because standard television screens have a different shape than standard movie pictures. A standard television has an aspect ratio, or ratio of width to height, of 4:3. Another way to express this ratio as 1.33:1. This means that a television screen is 1.33 times as wide as it is high. Technical analysts look for similar patterns that have formed in the past. Will form trade ideas believing that price could possibly act the same way that it did before. Technical analysis is NOT so much about prediction as it is about PROBABILITY. Technical analysis is the study of historical price action in order to identify patterns. Determine probabilities of the future direction of price. So how the heck does one “study historical price action“? In the world of trading, when someone says “technical analysis”, the first thing that comes to mind is a chart. Technical analysts use charts because they are the easiest way to visualize historical data! Technical analysts live, eat, and breathe charts which is why they are often called chartists. You can look at past data to help you spot trends. Patterns which could help you find some great trading opportunities. What’s more is that with all the traders who rely on technical analysis out there, these price patterns and indicator signals tend to become self-fulfilling. As more and more forex traders look for certain price levels and chart patterns, the more likely that these patterns will manifest themselves in the markets. You should know though that technical analysis is VERY subjective. Just because Michelangelo, Donatello, Leonardo, and Raphael are looking at the exact same chart setup or indicators doesn’t mean that they will come up with the same idea of where price may be headed. The important thing is that you understand the concepts under technical analysis so you won’t get nosebleeds whenever somebody starts talking about Fibonacci, Bollinger Bands, or pivot points. Now we know you’re thinking to yourself, “Geez, these guys are smart. They use crazy words like ‘Fibonacci’ and ‘Bollinger’. I can never learn this stuff! Don’t worry yourself too much. After you’re done with the School of Pipsology, you too will be just as… … “smart” as us. lori klausutis
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