ADDING S.E.X. LINES
In my eBook "Forex Sailing" (released simultaneously with this eBook) I talk
extensively about S.E.X. Lines, what they are and how to use them. I'm just
going to assume you've already read it, but if you haven't then skip reading
this section and come back to this once you have read about S.E.X. in "Forex
Sailing".
I've personally found that S.E.X. lines work GREAT for Scalping, and are
quite useful. On your one-minute candle chart set your S.E.X. lines to 15, 30
& 60.
Take a look at the following chart with the S.E.X. lines on it.
On the left of this chart you see a nice tight consolidation. The S.E.X. lines
are tightly "clumped". S.E.X. lines usually clump together nicely in a
sideways moving market, and for scalping purposes I've found that they
display near perfect clumping which makes it easy to read breakouts from
such consolidations. When a break out begins to occur the lines quickly fan
out nicely supporting the likelihood of a starting trend (how big or small the
trend "who knows", but as a scalper you can profit from petit trends so it
doesn't matter how big the trend ends up being). Notice also the time when
the breakout occurred – 02:00 EST (at the open of the European market
overlapping the Asian market). Now notice the first two waves made 3 lows
(including the base of the first swing), which I drew a trendline on (hard to see
but look for the straight dotted line). The first two waves retraced to the "Mid
Yellow Zone", which is good. Also notice how they bounced the 15 S.E.X.
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