فوركس ساتو

LOOKING AT DIFFERENT VIEWS
In the “Surfing” approach you will often be looking at 5 minute
candle charts for most of your trades, however here I will explain
the importance of looking at different time frames, especially the 1
minute candle charts from time to time.
It is useful to look at larger time frame charts to see the bigger
perspective of what is going on. When doing your technical
analysis it is best to start by looking at the Daily candle charts (over
past 3 years is what I like to look at, but one year is good). Here
you will get a good impression of what the overall trend is.
Then you zoom in to the Hourly charts (over 30 days). Here you’ll
be able to spot some of the things you’ll learn to look for later in the
eBook.
It is good practice to start your trading day off by looking at the
Daily & Hourly charts to keep these perspectives in mind.
Then you zoom in to the 5 minute charts. This is where you will
spend the bulk of your time with this strategy. Most of the waves
you’ll be jumping into will be clearly seen on this chart view.
What I really want to explain to you now is the importance of using
1 minute candle charts in specific situations.
Again, most of the time you will clearly see the waves you will want
to “Surf” on the 5 minute candles. This is because most of the time
the market is moving slow enough for you to clearly see the waves.
There are however times when the market is moving rapidly, and the
5 minute candles don’t clearly show the waves you want to “Surf”.
Let’s say you see a series of candles on 5 minute charts that look
more or less like this:
FOREX Surfing Draft

Let’s say these candles are moving quite well, in that each of the
above candles spanned 10 to 15 pips or so. Obviously you’d want to
“Surf” this, but how? Just by looking at this it appears, at first
glance, that there aren’t any waves to jump in on, but if you look
closer you can see that there are.forex sato
Notice the wicks of the candles (the skinny parts). The fact that you
can see them tells you that the prices have been bouncing around,
going up, down, and back up.forex sato
What you do is you switch to a 1 minute candle view. Each of the
above four candles would then be represented by 5 individual 1
minute candles (you’d be looking at 20 candles in total). Chances
are that you’ll now see the price rising, falling, and rising again in
what now will appear more like waves. When you spot what
appears to be a suitable wave then you can more easily jump in on a
trade.forex sato
The following two charts show you how you see more details in a 1
minute chart as opposed to a 5 minute chart. The arrows show you
where to look to see the differences. Both charts are of the same
currency pair over the same time span. First is the 5 minute chart,
second is the 1 minute chart.
FOREX Surfing Draft..forex sato
See now how a different view changes what you “see”?
forex sato