OPPORTUNITY 4 – FA EXPLOSIONS “AFTER SURF”
This trading strategy often involves some more risk as you are
swimming in turbulent waters. For this strategy you want to be
looking at one-minute candle charts.
Right after a price explosion resulting from a Fundamental News
release (read the eBook “Explosive Profits”, included with this
package, to learn how to find these opportunities) there is usually a
moment lasting typically just a few minutes where the price has
dropped back a bit. Now you have to act fast to catch this because
it can quickly shoot up.
What you do is you place your entry order at the top (assuming an
upwards moving price, bottom for down), just like you would
normally to surf a price wave. YOU MUST ALSO PLACE YOUR
STOP AT THE TIME OF PLACING YOUR ORDER. Don’t ever
enter a trade without a stop, especially when using this particular
strategy. Usually a 20 pip stop should be good.
You can either set your limit for 20 or 30 pips, or (better) you can
trail your stop to see how far you’ll end up going on this trade.
Really, this is a situation that you’d prefer to do trailing stops rather
than just setting a limit, because you’re chances could be good to
FOREX Surfing Draft
score way more pips.forex sato
What about “Whips”? Well, whip nothing!!! If you placed your
entry order on the top of a whip then that means that nothing will
happen, and so you experience no loss!
Here are a couple of one-minute charts of Fundamental Explosions
that were great candidates for such trades. If you look at historical
charts you’ll see that this particular situation happens frequently.
opportunity that is discussed in this section, you should also see that
there are many other waves you could catch. Later in this eBook I’ll
teach you how to “Compound your Gains” to pull say 200+ pips out
of these kinds of moves, even if it continues for less than 100 pips.forex sato
I have really enjoyed using this particular strategy with some
awesome gains. This is not a strategy that you’ll catch everyday,
but you’ll see that these kinds of moves happen several times a
month. Even catching one or two such trades per month could result
in a handsome monthly income for you. You’ll feel pretty darn
proud of yourself when you successfully catch one of these.
forex sato
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