فوركس ساتو

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plenty of room within the stop range of the trade to accommodate market
fluctuations/noise.
Although you can trade the currency pairs that have larger spreads doesn’t
mean that you necessarily should. Generally speaking, the currency pairs that
have a 5 pip spread or less are the best pairs to be trading. Why trade pairs
that have a larger immediate loss when you can trade pairs with lower upfront
cost? Furthermore you’ll find that you’ll have less work paying attention to
fewer charts rather than more, so stick with just a handful of pairs to focus
your primary attention on. However if you notice a gorgeous trading
opportunity setup on one of those other pairs then you may trade on it, but do
so more rarely.
For Sailing purposes the best currency pairs are the ones with 5 or less pip
spreads. You’ll have plenty to keep you busy watching just those, and plenty
of trading opportunities just from those. The best currency pair overall to be
trading is EUR/USD, then GBP/USD and USD/JPY. Here is a list of currency
pairs I’d consider worth watching in the order of my personal preference.
EUR/USD
GBP/USD
USD/JPY
EUR/JPY
USD/CAD
AUD/USD
EUR/GBP
NZD/USD
USD/CHF
EUR/CHF
If all you were to focus on is just the EUR/USD then that would certainly be
enough, but if you insist on paying attention to more then place your primary
focus on up to just 3 additional pairs. More isn’t always better; become an
expert in understanding the personalities of just a few currency pairs.
THINGS TO WATCH
This section contains some indicators and later on some technical analysis
tools that are useful for Forex trading, and in particular for “Forex Sailing”
techniques. There are many more indicators that are commonly used for
Forex trading, but I haven’t included them here in this eBook. Here I have

simply explained the indicators and tools that I’ll be using for specifically
“Sailing” techniques. Furthermore, with the exception of “Moving
Averages”, the indicators explained are ones that you are probably unfamiliar
with (i.e. ATR) or have never even heard of before (i.e. S.E.X. Lines).
ATR – Average True Range
This is one of the many indicators included in most charting packages. This
indicator known as “Average True Range”, or “ATR” for short, basically tells
you the amplitude of each candle on your chart, or more specifically for what
it is intended, it tells you the Average over a selected period. The ATR
indicator measures volatility but does not provide an indication of price
direction or duration; it just shows the degree of price movement or volatility.
This indicator was developed by some guy named “J. Welles Wilder” and was
introduced to the world in his book “New Concepts in Technical Trading
Systems” (1978). It is important to recognize the people who developed new
trading systems… especially as I would hope that people will mention me as
the brain behind all the techniques I have personally developed (smile).
It is not my intention here to explain everything about ATR, especially
because the way we will be using it is an adaptation to figure out something
important to know for the trading techniques presented here in this book. In
the next paragraph I’ll briefly explain what ATR is, and after that I’ll explain
how we will be using it, but before I start explaining all that I need to make it
very clear to you that the ATR indicator is not a trading method, but rather is
just a tool to figure out some important facts that will be useful information
for the trading techniques that will be presented later in this book.
The True Range (notice I didn’t say “Average”), or TR, is simply the range of
the period between the high and the low prices. Technically speaking the
above statement seems to be inaccurate according to descriptions I read about
TR in Technical Analysis Encyclopedias, but (and fortunately because this is
what I really want) the Forex charts I like using seem to provide the TR
according to the above description.
According to the definitions of manuals (usually written for stock &
commodities) the True Range (TR) is calculated by taking the difference from
the previous candle’s close to either the extreme high or low of the candle
(whichever is the greater of the two).
Forex Sailing
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