MICRO TRENDS&FOREX Surfing Draft
MICRO TRENDS
FOREX Surfing Draft ,...forex sato
This is perhaps the most important section to read. Most of the
other applications are founded upon Micro Trends.
What is a “Micro Trend”? As we already covered earlier, trends
occur in all time frames. A micro trend is simply a small trend that
that typically lasts just a few hours, and are often really just
movements of a larger market pattern. Micro trends are usually
viewed in a small candle chart view, most often in a “5 minute”
chart. To get a closer look to better see what is happening with the
price movements you could look at a “1 minute” chart, but usually
you’ll use “5 minute” charts.
As just stated, a micro trend is really a movement of the market
from a “bigger view”. If you look at an hourly chart you often see
two, three or more candles that keep moving up (or down), that
move 50 or more pips. From an hourly chart view it may look
impressive, but usually it appears rather unimpressive in contrast to
all the other price movements you see on the chart. It could just be a
zig in a zigzagging sideways market. It could just be a retracement
(pull back) of a large fibonacci swing. It could be just about
anything of a price movement pattern as seen on a larger view.
Regardless of what is the “big picture” reason for this move you’ll
see them happen very often (many times a week on all currency
pairs).forex sato
The specific techniques that are coming up shortly will teach you
specifically what to look for to help you determine where to jump
into a wave to surf it for profits. But let’s look at a micro trend a
little more.forex sato
Here is a little review. A trend is usually identified by prices that
make higher highs and higher lows for an up trend, or conversely,
lower lows and lower highs for a down trend. A trend line can
usually be drawn when you have 3 or more points that line up (more
or less) for support (up trend) or for resistance (down trend).
What you are looking for to use this system is a Micro Trend. Once
you see a Micro Trend then you look for a suitable “wave” to “Surf”
using one of the three variations discussed above.
We will look at specific situations that often arise that you can use
the “Surfing” approach with shortly.
FOREX Surfing Draft
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