فوركس ساتو

BIGGER PERSPECTIVES
I’ve said this before in my other eBooks, and I’ll say it again here. It is
important to start off each trading session (each day) by reviewing the larger
time frame charts of the currency pairs you intend to watch & possibly trade.
On your bigger charts you’ll clearly see where the market has been, and
reading those charts will give you an impression of where it’ll likely go. True,
on a scalping perspective you only really care about what the market is
currently doing, but nonetheless knowing what has been happening on the
larger perspectives can help you down to the tiny perspective you are
primarily dealing with.
Start off by looking at your daily charts, then the hourly charts, and then the
five-minute charts. Draw your trendlines, notice where the Fibonacci swings
are, and certainly familiarize yourself with where the key reversal levels
appear to be. Look for consolidations, triangles, and other patterns as these
might be trading opportunities that you could profitably scalp. Knowing all
this will help you to anticipate where the market reversals might happen, and
give you a realistic perspective of how far the markets might move.
It is not a bad idea to print your charts and to keep notes of your analysis,
keeping it handy for reference while you are trading.
It is important to keep in mind that what is happening on your one-minute
charts is a tiny slice of what is happening on much larger timeframes, and that
the fulfillment of technical analysis expectations of even thousands of pips on
the grand scale all happens through the tiny window of the one-minute charts
that you scalp in.