4-Hour also over 40 days with the same line periods).
First of all, the periods no longer conform to the calendar time frames I’ve
reasoned out before (actually they still do, but at a 50% level), but like I said
before, the choice of periods is kind of arbitrary anyways.
What is key to notice is that now you have another perspective to work
with. I won’t elaborate upon explaining much from these charts (as by now
what I would say should be obvious to you) other than to say that obviously
these charts now are better used for short term trades going after smaller pip
targets (or to search for fine tuned entry points, i.e. for a surf on a much larger
scale opportunity).
forex sato
Look at this one above. This is just a zoomed in look at the last several days
seen on the previous two charts (on the right side of the above charts) viewed
in a 1-Hour time scale. Again, I remained lazy and just left my S.E.X. periods
at 15/30/60. First notice that the gorgeous uptrend seen here now has more
visible details, whereas on the previous charts (particularly the larger ones)
show very little detail, just a big couple of candles. Now you can see that in
that uptrend there were (surfable!) swings that you couldn’t see before. More
importantly for our discussions of S.E.X. lines notice how you can see
awesome bunching, separations, and endings (like elaborated in the section
dealing with daily charts). Everything previously mentioned can be applied in
this scale for trading purposes, however your trades are obviously going to be
for much smaller pips (hey, that’s ok because you can trade more lots thus
getting comparable profits… remember, small scale trades can be equally
lucrative to big scale trades).
Let’s take it to the extreme… here is a 5-minute chart showing the peak
visible from the previous chart. Again I’ve use the “lazy” method, having my
S.E.X. lines at 15/30/60. Notice the “micro trend” going long and short on
both sides of the peak. Also notice that you have further visual clarity of candle details.
forex sato
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