فوركس ساتو

SUNDAY TRADING
Sunday evening is a time that frequently produces wonderful trading
opportunities. I say “Sunday evening” because that is the time for me, in
North America, when the markets reopen from the weekend (so adjust the
time for wherever in the world you are). The markets reopen on Sunday here
because it is already Monday morning out in Asia, and so that market is open
for business as usual. I’ll just call it the “Sunday Trading” time.
When the markets reopen on Sunday there is usually some nice trading
opportunities. Though the markets have been closed during the weekend the
world continues changing, and so the sentiment over the value of currencies
does change over the weekend. Once the market reopens then the market
price adjusts itself to reflect the new value.forex sato
I remember a couple years ago when the US caught Saddam Hussein on a
Saturday the market reopened about 100 pips (or was it 200, I don’t
remember) against the trend on USD cross pairs. The market soon after
resumed the previous trend. This is a more extreme example of how world
news affects currencies over the weekend.
Generally speaking the description of how the market reopens is what
typically happens on Sunday. Realize of course that I’m describing the
general characteristics of the reopen, but on any particular week it will appear
different.
The market reopens at about the same price that it closed at on Friday. It is
usually a flat line for a while as it isn’t being traded that much. The market
remains in what appears as a stagnation for a while, bouncing around a few
pips, then it often goes for a “big bounce” (as I call it). Often (but not always)
the market will return back to close to the original price from the initial “big
bounce”. Then some kind of stagnation often happens before some kind of a
trend develops. The following chart shows an example of what I just
described.forex sato

Here is another weekend open that also looks like the description given
earlier. I’ve shown it as 5 minute candles so you can have a clearer look.
The following chart didn’t have a “big bounce”, but notice the nice
consolidation and breakout. Certainly a nice opportunity for some
pips. Furthermore the chart formed a consolidation (top right) that led to
another great breakout at the start of Asian/European overlap time (not
shown).
Spend some time looking at the weekend reopens on your own charts and you
will see that it consistently gives some nice trading opportunities.
Additional tip: For many of you reading this eBook I realize that you may
still have a “day job”. If Sunday evening is one of the only times you can
scalp then go for it. Have some fun and make some profits!
forex sato