فوركس ساتو

OPPORTUNITY 1 – TREND LINE BOUNCES
This is one of the easiest trading opportunities to spot, and to catch.
In your Hourly chart view, if you spot a nicely defined trend line (up
or down, but in our example we’ll discuss an up trend) then you can
look for a “wave” to catch once you have a confirmation that the
market has successfully bounced that trend line...forx sato
The standard way most traders have learned to trade a trend line
bounce is to place an order roughly where the price should meet the
trend line, and to place a stop at the last significant low (in an up
trend), usually where it last hit the trend line. Most often the
required stop for such a trade would be well over 100 pips. Some
folks may place their stops say 60 pips beyond the trend line
because the normal stop may be too big of a risk for them, but
technically this is even more risky (greater chance of getting stopped
out even if the trade would have worked out).
Patience is a virtue in conjunction with the “Surfing” strategy. What
you want to do is to wait until you have a confirmation that the
market has bounced the trend line, and then look to catch a suitable
wave to “Surf”. Later in this eBook we will review “Reversal
Signals” to help you identify such reversals.
Once you have your confirmation that the market is beginning to
trend in the new direction (bounced the trend line) then employ one
of the three variations you learned at the beginning of the eBook to
FOREX Surfing Draft
catch a wave..,forex sato
Remember that the closer to the beginning of the trend you can get
in the higher the probability that the trend will continue far enough
for you to draw profits. The farther along a trend you go the higher
the probability becomes that the trend will reverse on you. So
attempt to catch a suitable wave as early as possible.
When you are new to trading the “FOREX Surfing” strategy then it
is best for you to simply catch your 20 or so pips and then exit your
trade for a nice and easy profit. Once you have a little more
experience then you might want to consider letting your trade ride
for bigger profits (going for 100 pips to hundreds), or even pyramid
your gains. We’ll cover both of these topics a little later ..forex sato