The Yin and the Yang of Markets殷和杨市场

Sure Fire Trading. 确保火灾交易。 Trading Systems, Methods And Signals. 贸易制度，方法和信号。 Who Else Wants To Trade Like A Pro 还有谁希望贸易一样亲
t doesn't matter if you trade Forex, Futures, Stocks, Commodities or any market for that matter.吨不要紧如果你外汇交易，期货，股票，商品或任何市场，这一问题。 This code that I am talking about will rock everything you have ever learned about trading!此代码，我将谈论的岩石一切你曾经了解交易！

Article source: http://www.surefire-trading.com/ . 文章来源： http://www.surefire-trading.com/ 。 Used with author's permission. 用作者的许可。

I am reading a fantastic book on trading, first published in 1924, by Richard D. Wyckoff, titled "How I Trade and Invest in Stocks & Bonds".我读一本书美妙的贸易，首次出版于1924年，由理查德D威科夫，名为“我如何贸易和投资股票与债券” 。 Although most of the examples in the book pertain to stocks, the insights into the nature of trading are relevant no matter what instrument you choose to trade.虽然大多数的例子在书中涉及到股票，在深入了解交易的性质有关，无论什么手段你选择贸易。

I am particularly drawn to the authors' appreciation of the ebb and flow nature of markets and how this perspective can be used to great effect.我特别注意作者的赞赏低潮和流动性的市场，以及如何这个角度可以用来影响很大。

"It is difficult to over-emphasize the importance of studying the technical position, particularly when making a speculative commitment. Many people may say, "What is a weak or a strong technical position?" My reply is, in brief, that a stock is in a weak technical position on the bull side when it has been purchased and is held by a large number of outside speculators; when most of these are looking for a profit; when the price of the stock has advanced to a point where no further buying can be stimulated for the time being. It stands to reason that when buying power is exhausted a stock must decline, no matter how strong its finances, management or earning power." “这是困难的过度强调，重要的是学习技术的立场，特别是当一个投机性的承诺。很多人可能会说， ”什么是薄弱或一个强有力的技术持何立场？ “我的回答是，在简短的，即股票在技术薄弱的立场牛市时，一方已购买和持有的是大量的境外投机;时，大多数这些正在寻找利润;时，股价已经提前点在没有进一步购买可以刺激一段时间。它合乎道理，当购买力耗尽的股票必须下降，无论多么强大的财政，管理或盈利能力。 “

"On the other hand, a stock is in a weak technical position on the short side when the bears have exhausted their ammunition by selling all they can afford and when the buying power of investment and speculative purchasers is such that it resists the pressure of the bears; in other words, when demand overcomes supply. The weakness in such a position is found in the fact that all those who are short are potential bulls; they must, sooner or later, cover their commitments in order to close their trades. They do not wish to remain short indefinitely."…. “另一方面，股市正处于技术薄弱的立场短期内一侧时，熊已用尽弹药出售所有他们可以负担的费用，当购买力的投资和投机性购买者是如此，它抗拒的压力承担，换言之，当需求，克服供应。疲软的这一立场是中发现的事实，谁所有这些都是潜在的短期多头;他们必须迟早支付其承诺，以关闭其交易。他们不想留短下去。 “ ... 。 "Bears, after they have sold short are an element of strength, not of weakness." “熊之后，他们卖空的一个组成部分力量，而不是软弱。 ”

Perhaps the nature of all markets is best described by the Chinese Yin Yang symbol.也许所有的性质最好是市场所描述的中国尹押嗯的象征。

In every bull move, and in every bear decline, are the seeds of their own destruction.在每一个牛市动议，并承担一切下降，种子是他们自己的毁灭。

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