Everything that affects a market and makes it move, from news, to economic reports, to big players like hedge funds and banks, is reflected via the raw price action on a price chart. Thus, when you try analyzing all variables external to the price action of a market, you are doing something that is unnecessary, a waste of time and that makes the entire trading process far more complicated than it needs to be.
影响市场并使其移动的一切都，从新闻到经济报告，再到对冲基金和银行等大公司，都通过价格图表上的原始价格行为反映出来。因此，当您尝试分析市场价格行为之外的所有变量时，您正在做一些不必要的事情，浪费时间，并且使整个交易过程比它需要的要复杂得多。
Fundamental analysis vs. Technical analysis
基本面分析 vs. 技术分析
The age old debate of Fundamental vs. Technical analysis is one that will probably never end. Fundamental traders trade solely off news and economic data, or “fundamentals”, as they believe they can make the best trading decisions from analyzing this information. Whereas, technical analysis traders make their trading decisions solely off price charts. Price action traders, are a specific type of technical analysis trader who make all their trading decisions solely off a market’s price movement or price action. Other technical analysis traders may use indicators or trading software systems, etc., but the price action trader only uses a market’s price action.
基本面分析与技术分析的古老争论可能永远不会结束。基本面交易者仅根据新闻和经济数据或“基本面”进行交易，因为他们相信他们可以通过分析这些信息来做出最佳交易决策。然而，技术分析交易者仅根据价格图表做出交易决策。价格行为交易者是一种特定类型的技术分析交易者，他们仅根据市场的价格变动或价格行为做出所有交易决策。其他技术分析交易者可能会使用指标或交易软件系统等，但价格行为交易者只使用市场的价格行为。
The primary reason why I trade with and highly recommend price action trading, is simply because all of the fundamental variables that affect a market, from any news event (war, weather, politics, etc.) to economic reports, are all ultimately reflected by price movement (price action) on a raw / ‘naked’ price chart. Thus, in my opinion, and in the opinion of many other successful traders, analyzing fundamental data is simply a distraction and a waste of time. It’s a waste of time because you can get all the information you need about a market simply by analyzing its price action, as the price action reflects all this fundamental data anyways.
我交易并强烈推荐价格行为交易的主要原因很简单，因为影响市场的所有基本变量，从任何新闻事件（战争、天气、政治等）到经济报告，最终都反映在原始/“裸”价格图表上的价格变动（价格行为）。因此，在我和许多其他成功交易者看来，分析基本面数据只是分散注意力和浪费时间。这是浪费时间，因为您只需分析其价格行为即可获得有关市场的所有信息，因为无论如何，价格行为都反映了所有这些基本数据。
Think of price action trading as getting the purest form of market data, filtered and cleaned up for you to use. As a trader, we are simply trying to take advantage of price movements in the market, so it only makes sense to analyze the actual price action, rather than trying to analyze variables that will eventually lead to price action. I like to think of price action as getting the market data ‘straight from the horses mouth’, as the old saying goes.
将价格行为交易视为获得最纯粹形式的市场数据，经过过滤和清理供您使用。作为交易者，我们只是试图利用市场的价格变动，因此只有分析实际的价格行为才有意义，而不是试图分析最终导致价格行为的变量。正如老话所说，我喜欢将价格行为视为“直接从马嘴中”获取市场数据。
Noise vs. Clarity
Price action filters all market data and provides a clear picture of what is happening in a market. If you try analyzing all the fundamental variables that can influence a market each day, you will drive yourself crazy. It really comes down to noise versus clarity. There’s a lot of ‘noise’ in the financial media about what a market ‘might’ do next if X,Y or Z happens, it all sounds very professional coming from the talking heads on T.V. and the internet, but at the end of the day, nothing they say really matters. This is because, all that really matters is what the charts show us via the price action.
价格行为过滤所有市场数据，并清楚地了解市场中发生的事情。如果您尝试每天分析所有可能影响市场的基本变量，您会让自己发疯。这真的归结为噪音与清晰度。如果 X、Y 或 Z 发生，财经媒体上有很多关于市场“可能”下一步做什么的“噪音”，这些声音听起来都非常专业，但归根结底，他们所说的一切都无关紧要。这是因为，真正重要的是图表通过价格行为向我们展示的内容。
In the chart below, notice how the EURUSD market was in a clear downtrend from early May 2014 through mid-November 2015. Simply reading the raw price action of the chart would have told you that prices were likely to continue to fall because a downtrend was in place during this time. From this information, we could have watched for price action reversal strategies from resistance as well as bearish price action breakout patterns to trade in-line with the downtrend. Meanwhile, there were countless news events and economic reports released during these 7 months that implied price could push higher, while others said price might continue falling. You can avoid all this noise and contradictory data by simply looking at the raw price data on your price charts…
在下图中，请注意 EURUSD 市场从 2014 年 5 月初到 2015 年 11 月中旬如何处于明显的下跌趋势中。仅阅读图表的原始价格行为就会告诉您，价格可能会继续下跌，因为在此期间存在下降趋势。从这些信息中，我们可以观察来自阻力位的价格行为反转策略以及看跌价格行为突破模式，以与下降趋势保持一致进行交易。与此同时，在这 7 个月中发布的无数新闻事件和经济报告暗示价格可能会走高，而其他人则表示价格可能会继续下跌。您只需查看价格图表上的原始价格数据即可避免所有这些噪音和矛盾数据……
Conclusion 结论
Not everyone reading this lesson is going to agree with me 100%. Some people are always going to be convinced that they ‘need’ to analyze fundamental data and economic news reports, as there’s just so much of this information streaming out of the financial media each day. However, you will need to decide that you will follow and trade from something, and you can’t follow everything or you’ll be in a constant state of confusion and doubt.
不是每个阅读这节课的人都会 100% 同意我的观点。有些人总是会相信他们“需要”分析基本面数据和经济新闻报道，因为每天都有大量信息从财经媒体流出。但是，您需要决定您将跟随某物并从中进行交易，而您不能跟随所有内容，否则您将一直处于困惑和怀疑的状态。
Experienced traders will likely understand better what I am talking about when I say that “all market variables are filtered through and reflected on a naked price chart”, but as a beginner it can be a hard pill to swallow at first. However, based on my experiences in the market, I am 100% confidence that following news and other fundamental data will eventual lead you to blow out your trading account. My experiences have shown me that a trader should strive to analyze and trade from a limited amount of data and use that data (price action) to make their trading decisions. If you let everything and anything influence your trading decisions, you will just be a gambler with no real strategy or trade edge.
当我说“所有市场变量都经过过滤并反映在裸价图表上”时，经验丰富的交易员可能会更好地理解我在说什么，但作为初学者，一开始这可能是一颗难以下咽的药丸。但是，根据我在市场上的经验，我 100% 相信关注新闻和其他基本数据最终会导致您的交易账户爆仓。我的经验告诉我，交易者应该努力从有限数量的数据中进行分析和交易，并使用这些数据（价格行为）来做出交易决策。如果您让所有事情影响您的交易决策，那么您将只是一个没有真正策略或交易优势的赌徒。
I cannot guarantee that you will make money in the market by trading price action, but I can guarantee that doing so will give you the best possible chance, if you trade with discipline and patience. Trading with price action will remove a lot of the mental confusion from your trading and will give you clarity as to what your trading method is and what the market *might* do next. It won’t be easy, but the next time you see CNBC on, or Bloomberg, or come across an article from some ‘expert’ on what the Forex market ‘might’ do next, you’ve got to ignore it and go check out the charts to see what the price action is doing, as this is the best way to see what market actually IS doing and MIGHT do next.
我不能保证您会通过交易价格行为在市场上赚钱，但我可以保证，如果您以纪律和耐心进行交易，这样做会给您最好的机会。价格行为交易将消除您交易中的许多心理困惑，并让您清楚地了解您的交易方法是什么以及市场下一步可能做什么。这并不容易，但下次您在 CNBC 或彭博社上看到，或者看到一些“专家”关于外汇市场下一步“可能”做什么的文章时，您必须忽略它并去查看图表，看看价格行为在做什么，因为这是了解市场实际在做什么以及下一步可能做什么的最佳方式。
