فوركس ساتو

FIRST THINGS FIRST
At the start of your trading session what you should do is to look at
your “big view” charts (Daily candles over 3 years) for whichever
currency pairs you are interested in trading (i.e. EUR/USD,
GBP/USD, USD/JPY, etc…).forex sato
On these charts draw your long term trend lines and look for shorter
term trends closer to today’s candle. Also look to see if you can
spot any fibonacci action (we’ll talk about Fibs a little more soon).
Feel free at this point to employ any other Technical Analysis
methods you feel comfortable using. What you are doing is you are
searching for “reasons” why the market could turn at certain points
(i.e. it could bounce a trend line, bounce at a Fib level, or other
reasons). From this “large view” you are not looking for actual
trading opportunities, but it is good to note places where you expect
the market may turn around. At those times you want to be trading
in the right direction.
Once you have your trend lines and resistance (or support) levels
drawn (from whatever Technical Analysis methods) then you want
to zoom in on your charts by changing to a 1 Hour candle view
FOREX Surfing Draft,....forex sato
(over 30 days). Here you repeat the process again drawing your
trend lines, looking for Fib levels, or other Technical Analysis
indications. You may notice that from this view you can see that the
market is trending up, down, or even sideways (and we’ll talk about
sideways movement as one of the strategies). At this point you want
to notice the points where the price may meet with a trend line or
other potential reverse levels as this will give you good indications
of roughly where you may soon be entering your trades.
Once you have completed your analysis looking at the Hourly charts
then you zoom in even further to the 5 Minute candle charts (over 5
days). Here you again repeat the process looking for all the things
mentioned above, but you also look for other things that will be
explained shortly (i.e. consolidation patterns, triangles/flags, etc…).forex sato