SHOWING OFF
Let me show you something here that is pretty cool.
EUR/USD that showed the above chart. In a nutshell I predicted, based on a
number of reasons (which I fully explained there but will omit here) that I
thought the market would soon go up from where you see on this chart.
forex sato
I personally got in on one of my trades on a breakout of that Teeny candle
(fifth candle from the right). Teeny candles are taught elsewhere in this
eBook. This Teeny candle was on an 8 hour chart.
Here is that view on a 5 minute (5 day) chart (so you can see more). Notice
the roughly 48 hour long consolidation and the breakout (horizontal line). If
you look again at the previous chart you’ll notice that that consolidation
happened at the bottom of a deep red Fibonacci retracement.
Here is a PERFECT example of combining different perspectives to give you
“reasons” to trade, and a combination of trading methods.
I already mentioned that I got in on a trade based on an 8 hour Teeny Netless
Candle (one of the methods taught in this eBook), but wait there is more… a
whole lot more.
Near that bottom was a perfect time to jump in on trades based on a number of
“reasons” discussed in this eBook, and combining stuff from the other
eBooks. That bottom was both a deep red Fibonacci bottom with a
consolidation to boot – either reason enough to get in on a trade. Here was an
excellent place to do a running “Incredible Scalp”, especially since it broke
out of the consolidation shooting with caffeine.
That first trading day also provided opportunities to do running scalps, and
more importantly compounding gains!
As if that wasn’t enough you got a gorgeous consolidation that was as easy to
trade the breakout as stealing candy from a baby. Another day to add a
running Incredible Scalp, and several obvious places to add trades to further
compound your gains. In case you didn’t notice, here the trendline (not drawn
but obvious) got broken by that long 8 hour candle just before that displayed
Teeny candle (that flat consolidation seen on the 5 minute charts was the 8
hour Teeny candle), and so you had another “reason” to continue with your
optimistic trading. Also that consolidation was at the previous resistance level
from the left side of the chart, and when it broke that resistance… well you
see what happened..forex sato
At the end of that day was a slightly back slanting sloped consolidation that at
the start of the next trading session again continued shooting upwards. More
surfing/scalping trades possible, not to mention compounding opportunities.
One thing you should notice is that that the charts show above are real time at
the time of this writing (as you can clearly see by looking at the right of the
chart). Who knows what might still happen over the next few hours! This is
to point out to you that I’m not “cherry picking” my examples, but am
showing you stuff that is happening in “real time”… and you’ll see once you
start looking at your charts that these kinds of opportunities happen regularly.
One more thing I should mention is that in a couple of hours will be the
“Freaky First Friday” Non-Farm Payroll, so that is why I am cutting off this
example here – because within the next couple of hours you would be sure to
exit all the trades you’ve picked up over the past couple of days (though I’m
sure that next week will be another rockin’ week).
forex sato
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