probably resulting from some FA
10:27 AM |
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probably resulting
from some FA
the S.E.X. pair crossed a little bit later, but it was still
relatively easy to read the crossover before the market retraced too far down.
On the following chart of USD/CAD notice how you could have drawn a nice
trendline across the tops, and using Fibonacci methods you could have traded
these. One method of trading Fibs is to just enter at the 62%, but as you
already know I like to jump in on “Surfs” after it has shown to be moving
back in the favorable direction… and looking at the “bunching” then gives me
a nice indicator as to when to be hunting for the right opportunities.
forex sato
Did you notice that the above charts were of JPY and CAD rather than the
EUR & GBP I’ve been showing before? Well this is to show that these S.E.X.
lines work rather nicely on all currency pairs on the 8-Hour Charts. I’m
pointing this out because in the section where I talked about the daily charts I
mentioned that it appeared to work best on EUR & GBP, but I want to make
sure that you know that that statement doesn’t apply here.
Now what about even smaller charts? A simple way to get more details in
your candle views but to maintain the same (relatively) S.E.X. lines is to just
“mirror” by multiplying your periods by the factor of the smaller chart (as I
explained how to do earlier). To “mirror” your 8-Hour chart S.E.X. lines on a
4-Hour chart you simply double the periods, thus your new lines would
become 30/60/120.
Here is an interesting observation I made one day when I was feeling lazy and
didn’t feel like changing my S.E.X. lines manually. What I did is I had an 8-
Hour chart displaying my lines at 15/30/60 and then I simply changed the
timeframe of my charts to 4-Hour, and the lines remained at 15/30/60. Take a
look at the following two charts (one is 8-Hour over 40 days and the second is
forex sato
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