earth and sky rocks

Good morning all.

I hope you are all well, healthy and wealthy this stunning Tuesday morning and ready to trade with us here at FMP.

We already had some awesome Earth and Sky short trades that triggered this week and we are currently in profit –  Did you spot them ?

If you didn’t…………let me show you some charts.

GBP/CHF the 4 hour chart: Home run – 120 odd pips to WS1 pivot point. 

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Aussie/Dollar on the 4 hour chart: Half a home run to 1st roadblock – 55 pips !!!

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GBP/Dollar on the 4 hour chart: Home rum – 100 pips to first profit take area and 130 odd to main profit take area !!!

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1) `Red Flag News` that can make you lose your pants if you are not careful. 💡

You can use the following web site for `SCHEDULED NEWS` for the week @ http://www.dailyfx.com/calendar

Don`t take any trades just before `Red Flag News` If you are already in a trade, protect your entry. I don’t want to meet up with you at Little Beach, Maui, Hawaii. Did you know this is a nudist beach?

For reference if you don’t want to believe me, have a look at the 4th of April 2013 at all the JPY pairs what happened with price after `Red Flag News` came out. ALWAYS TRADE WITH A STOP! 

Still don’t believe me? Then you must be new to Forex Trading

Have a look at what the Swiss did to the market on the 15th of January 2015!!

You would have lost the shirt on your back, your house, your car, your personality and your virginity for a 2nd time if you didn’t have a stop in place!!! 👿

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2) Where is the `Forum Hang out Spot` that everyone is talking about?

On the top of this main page, go to the ` Forum` Tab and click on it…….once in there, look for `Main forum and Current weeks trades` and click on it………Once in there look for `Pierre`s Earth and Sky Trading week `and click on it……..once in there, look for the Current week`s Thread Tab and click on it………..easy as pips! 😉

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3) This week`s Analysis:

This is my current `Earth and Sky Trading Zones` – Please take note of the time frames I am looking at.

Sometimes I will refer to `The mother in law` in my video`s or in my write up. The mother in law represents the 200 EMA (the pink line) on that specific time frame.

If you new to the `Earth and Sky` please make sure to read the supporting notes for this system – Look for unit  in the education area under Earth and Sky System.

Go to the `Education Tab` here in the main blog and look for the `Earth and Sky Trading System` where you will find helpful videos using this system.

Remember to have a look at some of the other methods we teach here at Forex Mentor Pro too.  

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What’s the spaghetti indicator (RS All Indi) telling us?

The spaghetti indicators shows us that we a little flat at the moment on all pairs so I will be keeping an eye on this Indi to tell me later on if any pairs are getting overbought/oversold once we above the 8 line and min 8 line.

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1) Euro Index on the 4 hour chart :

Difference between last week’s open/close: Plus 116 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is above the 200 EMA
34 EMA (sky) is above the 55 EMA (earth)
Direction: Long
Potential trading zone: Between the 100.30 and 99.92 levels

Potential area to look for reaction: At the 100.00 levels.

Potential Profit take areas: At the 100.56 and 101.00 and 101.46 levels.

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At 101.05 and 101.46 levels

Potential Profit take areas: At the 100.50 level.

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

If price do break the 55 EMA and pivot at 100.00 to the downside, then I will re look to long from all the EMA`S at 99.74/69/61 areas.

Correlation: Remember that the following pairs make out the `Euro Index Basket` – The Euro/Dollar, Euro/JPY, EURO/GBP and the EURO/CHF. (They all move in the same direction)

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2) Euro/Dollar on the 4 hour chart:

Difference between last week’s open/close: Plus 64pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy”

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is above the 200 EMA
34 EMA (sky) is above the 55 EMA (earth)
Direction: Long
Potential trading zone: Between the 1.0620 and 1.0574 levels

Potential area to look for reaction: At the 1.0637 (38.2 fib) and 1.0614 and 1.0608 levels.

Potential Profit take areas: At the 1.0650 and 1.0700 and 1.0712 levels.

MACDEE Divergence: No
Stochastic: Coming out of oversold area.

Counter Trades:

Potential Counter Trades: At the 1.0712 and 1.0746 levels.

Potential Profit take areas: At the 1.0637 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

Wait for price to come to you.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the Euro Index, Euro/JPY and the Euro/GBP. Be careful; don’t take the same trades on these four pairs at the same time!

Also remember: This pair is `NEGATIVE CORRELATED` (moving in the opposite direction) as the Dollar/CHF pair. Be careful; DO NOT OVER EXPOSE YOUR ACCOUNT BY PLACING OPPOSITE TRADES ON THESE TWO PAIRS.

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3) Euro/JPY on the 4 hour chart:

Difference between last week’s open/close: Plus 179 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? No

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is above the 200 EMA
34 EMA (sky) is above the 55 EMA (earth)
Direction: Long
Potential trading zone: Between the 121.45 and 120.73 levels

Potential area to look for reaction: At the 121.28 and 120.85/81 levels.

Potential Profit take areas: At the 122.50 and 122.89 and 123.67 levels.

MACDEE Divergence: No
Stochastic: No man’s land.

Counter Trades:

Potential Counter Trades: At the 123.67 levels.

Potential Profit take areas: At the 121.84 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

Wait for price to come to you. Currently we are in no man’s land.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the Euro Index, Euro/USD and the Euro/GBP. Be careful; don’t take the same trades on these four pairs at the same time!

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4) Euro/GBP on the 4 hour chart:

Difference between last week’s open/close: Plus 150 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is above the 200 EMA
34 EMA (sky) is above the 55 EMA (earth)
Direction: Long
Potential trading zone: Between the 0.8706 and 0.8665 levels

Potential area to look for reaction: At the 0.8700 and 0.8677 and 0.8670 levels.

Potential Profit take areas: At the 0.8787 and 0.8839 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 0.8839 levels.

Potential Profit take areas: At the 0.8732 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

Wait for price to come to you. Currently we are in no man’s land.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the Euro Index, Euro/Dollar and the Euro/JPY. Be careful; don’t take the same trades on these four pairs at the same time

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5) GBP/Dollar on the 4 hour chart:

Difference between last week’s open/close: Min 131 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? No

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is under the 200 EMA
34 EMA (sky) is under the 55 EMA (earth)
Direction: Short
Potential trading zone: Between the 1.2216 and 1.2258 levels

Potential area to look for reaction: At the 1.2237 levels

Potential Profit take areas: At the 1.2132 levels

MACDEE Divergence: No
Stochastic: Overbought

Counter Trades:

Potential Counter Trades: At the 1.2100 levels.

Potential Profit take areas: At the 1.2199 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

This one triggered from the 55 EMA at 1.2234 and is on its way to profit take area at last week’s low at 1.2132

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the GBP/JPY pair. Be careful; don’t take the same trades on both pairs at the same time!

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6) GBP/JPY on the Daily chart:

Difference between last week’s open/close: Min 34 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is under the 200 EMA
34 EMA (sky) is under the 55 EMA (earth)
Direction: Short
Potential trading zone: Between the 141.28 and 142.71 levels

Potential area to look for reaction: At the 140.61/99 (38.2 fib) levels and 141.51 levels.

Potential Profit take areas: At the 138.44 and 137.64 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 138.44 and 137.64 levels.

Potential Profit take areas: At the 139.87 and 140.88 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

That 38.2 fib area is a key resistance area.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the GBP/Dollar pair. Be careful; don’t take the same trades on both pairs at the same time!

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7) Aussie/Dollar on the 4 hour chart:

Difference between last week’s open/close: Min 53 pips.

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is under the 200 EMA
34 EMA (sky) is under the 55 EMA (earth)
Direction: Short
Potential trading zone: Between the 0.7562 and 0.7597 levels

Potential area to look for reaction: At the 0.7578 and 0.7594 levels.

Potential Profit take areas: At the 0.7526 ( Daily 200 EMA) and 0.7491 levels

MACDEE Divergence: No
Stochastic: Overbought

Counter Trades:

Potential Counter Trades: At the 0.7478 levels.

Potential Profit take areas: At the 0.7526 and 0.7555 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

If you are a short already…..keep an eye on that daily 200 EMA at 0.7526 that can give support.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the AUD/JPY pair. Be careful; don’t take the same trades on both pairs at the same time!

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8) Aussie/JPY on the Daily chart:

Difference between last week’s open/close: Plus 11 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? No

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Notes:

Sitting on my hands. Looks like we trapped in a triangle that needs to break first before I will re look to trade this pair.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the AUD/USD pair. Be careful; don’t take the same trades on both pairs at the same time!

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9) USD/JPY on the 4 hour chart:

Difference between last week’s open/close: Plus 97 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is above the 200 EMA
34 EMA (sky) is above the 55 EMA (earth)
Direction: Long
Potential trading zone: Between the 114.55 and 114.06 levels

Potential area to look for reaction: At the 114.63 and 114.35 levels.

Potential Profit take areas: At the 115.53/69 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 115.69 levels.

Potential Profit take areas: At the 114.63 levels.

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

If price for some reason do break the 55 EMA to the downside….then I will re look once we are at 113.84/73 area as we have loads  happening here.

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10) USD/CAD on the 4 hour  chart:

Difference between last week’s open/close: Plus 79 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is above the 200 EMA
34 EMA (sky) is above the 55 EMA (earth)
Direction: Long
Potential trading zone: Between the 1.3453 and 1.3413 levels.

Potential area to look for reaction: 1.3440 and 1.3413 levels.

Potential Profit take areas: At the 1.3500 and 1.3535 levels.

MACDEE Divergence: No
Stochastic: Oversold

Counter Trades:

Potential Counter Trades: At the 1.3540 levels.

Potential Profit take areas: At the 1.3453 levels.

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

We currently in the zone so we need solid support with confirmation to go long.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the Dollar Index. Be careful; don’t take the same trades on both pairs at the same time!

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11) USD Index on the DAILY chart:

Difference between last week’s open/close: Min 3 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is above the 200 EMA
34 EMA (sky) is above the 55 EMA (earth)
Direction: Long
Potential trading zone: Between the 100.72 and 99.97 levels.

Potential area to look for reaction: At the 101.08 ( 38.2 fib level)

Potential Profit take areas: At the 55 EMA at 101.57 and 102.00 and 102.37 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 101.94 and 102.23 levels.

Potential Profit take areas: At the 101.56 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

As I mentioned yesterday….tat 38.2 fib with the 200 and 55 EMA`S were key support. Price move bullish but that 55 EMA at the weekly main pivot at 101.56 can be a roadblock this morning……so take note.

Correlation: Remember that the Dollar Index is negative correlated with the Euro Index  (They move in opposite direction) so only take one trade at a time as you will double your risk if you took trades on both index`s.

This pair is also POSITIVE CORRELATED (moving in the same direction) as the Dollar/CAD. Be careful; don’t take the same trades on both pairs at the same time!

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Please remember we are NOT a “tipping service.” What we aim to teach you here at forexmentorpro is how to look for trade set ups using different methods, taking you’re trading to the next level.

Have a good one mates

Pierre 😛

`Learn from yesterday, Live for today and hope for tomorrow`

Remember to make the video clip bigger to see the levels more clearly!

You can check out a live trade Pierre took last week that made 100’s of pips here: Live Trade, Show me don’t tell me

If you would like to learn how to trade like a professional check out our 5* rated forex mentor program, RISK FREE; by clicking on the “Get Started Today” Button below

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