Morning all

What a lovely morning here in my hometown.

Its misty and raining softly.

We have a severe drought here in the province where we living yet our dam level here in George is almost 100% full.

Cape Town on the other hand is getting very close to their cut of date where there will be no more water…..so we truly blessed this side of the province with a full dam.

Well talking about rain……we can say it’s raining pips at the moment too.

Marc Skyped me this morning and told me I need to tell you that the spookily accurate crown needs to be returned to him this week.

He`s currently 90 pips up on that NZD/Yen trade he showed us in yesterdays live webinar, also currently 70 odd pips up a Euro/Dollar long………50 odd pips up on a Euro/GBP long ( but I think he needs to go sit in to corner as we have two correlated pairs here) so well done Mr. Spookily accurate !!

I will FedEx your crown back today mate. 🙂

I didn’t do that bad as well this week.

I got out of my Dollar/CAD counter short I showed you in yesterdays webinar for a home run – 100 pips plus I am currently in a Aussie/JPY I took from the 83.00 psychological level and 55 EMA in my Earth and Sky short zone – 50 odd pips……lowest point it dropped to 102 pips….I also showed you this one in the webinar.

I moved my stop now in for a little bit of profit and will leave it  alone for now as I am hoping for a bearish move to the 82.00 level again and if that can break as support….a move to the low we have in place at 81.49

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Let’s do a mid week catch up here.

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1) Euro Index on the 4 hour chart:

Notes:

I don’t have a feel for this index at the moment. I don’t like the way how price doesn’t respect the EMA`S at the 108.44 level.

I will re look for resistance between 109.00 and 109.30 for possible shorts and support at 107.87 and 107.70 for possible longs.

Wednesdays notes:

Price broke the WR1 pivot to the upside at 109.08 but we hitting now the high area of 2 weeks ago…..at 109.30.

I will keep my eyes on this for a short from here or at 109.59 where we have the WR2 pivot waiting to give resistance.

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2) Euro Dollar on the 4 hour chart:

Notes:

I don’t have a feel for this pair at the moment. I don’t like the way how price doesn’t respect the EMA`S at the 1.2280 level.

I will re look for resistance between the weekly resistance pivots at 1.2402 and 1.2488 for possible shorts and support at weekly support pivot at 1.2192 for possible long set ups.

Wednesdays notes:

Price broke the WR1 pivot to the upside at 1.2402 but we hitting now the high area of 2 weeks ago…..at 1.2431.

I will keep my eyes on this for a short from here or at 1.2445 and 1.2488 where we have the WR2 pivot waiting to give resistance.

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3) Euro JPY on the 4 hour chart:

Currently I have an Earth and Sky short zone between 130.89 and 131.55 with areas to keep an eye on the 131.39 and 131.62 resistance areas where after I will re look to short this pair again.

Possible counter longs  at 129.35 and 129.00 support areas.

Notes:

Hitting key resistance this morning at the WR1 pivot so I want price to show me its slowing down here followed by a short set up.

Wednesdays notes:

Bumpy ride this one…..Price dropped from in the zone from the daily 200 EMA at 131.39 yesterday …..but with some news jumped bullish again breaking the WR1 pivot to the upside at 131.62…..just to drop back again and currently sitting on the 4 hour 55 EMA at 131.09.

Bumpy so will leave it alone for now.

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4) Euro GBP on the 4 hour chart :

Currently I have an Earth and Sky short zone between 0.8862 and 0.8816 with areas to keep an eye on the 0.8883 (38.2 fib) and 0.8863 and 0.8847 and 0.8843 support areas where after I will re look to long this pair again.

Possible counter shorts at 0.8952 and 0.8997 support areas.

Notes:

If we make new high…..follow price with your fib to get the adjusted trading zone for the week.

Wednesdays notes:

Price touched our 38.2 fib level this week and burned fingers immediately – currently we getting close to our first profit take area at last week’s high at 0.8952….with a second one at 0.8997 if 0.8952 breaks to the upside.

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 5) GBP Dollar on the 4 hour chart:

Currently I have an Earth and Sky short zone between 1.3890 and 1.3979 with areas to keep an eye on the 38.2 fib at 1.3848 and 1.3864 and 1.3890 resistance areas where after I will re look to short this pair again.

Possible counter longs at 1.3712 and 1.3646 support areas.

Notes:

Keeping an eye on that 200 EMA at 1.3883 this morning to give resistance.

Wednesdays notes:

Price pulled in to our short zone…..but with news yesterday broke the 200 EMA at 1.3882 to the upside.

I am still keen to short but will prefer price to break and close first under the 200 again before I will get excited.

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6) GBP JPY on the 4 hour chart:

Currently I have an Earth and Sky short zone between 147.49 and 148.74 with areas to keep an eye on the 38.2 fib at 146.88 and 147.66 and 148.00 resistance areas where after I will re look to short this pair again.

Possible counter longs  144.99 and 143.74 support areas.

Notes:

Hitting the earth and sky zone this morning so I will be keeping an eye on the 55 EMA at 147.66 for that short to set up from.

Wednesdays notes:

Price pulled back nicely to our short zone……and burned fingers yesterday at the 55 EMA at 147.55.

This will stay a key resistance area for this pair.

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7) Aussie Dollar on the 4 hour chart:

Currently I have an Earth and Sky short zone between 0.7803 and 0.7848 with areas to keep an eye on the 38.2 fib at 0.7787 and 0.7796 and 0.7826 resistance areas where after I will re look to short this pair again.

Possible counter longs  0.7713 and 0.7681 support areas.

Notes:

Hitting our first roadblock area this morning so will wait for solid resistance before looking for that short.

Wednesdays notes:

Price pulled nicely into our short zone and almost got to my main area at 0.7843/49 where I wanted to short from.

This will stay my resistance area where I will re look to short from if price do get there again.

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8) Aussie JPY on the 4 hour chart:

Currently I have an Earth and Sky short zone between 82.87 and 83.52 with areas to keep an eye on the 38.2 fib at 82.53 and 82.87 and 83.04 resistance areas where after I will re look to short this pair again.

Possible counter longs at 81.56 and 80.90 support levels.

Notes:

Hitting our first roadblock area this morning so will wait for solid resistance before looking for that short

Wednesdays notes:

Price pulled nicely into our short zone my forward order got triggered at the 55 EMA and psychological level at 83.00.

This will stay my resistance area where I will re look to short from if price do get there again.

I moved my stop in to under break even and will leave it open for now as I want price to drop to 82.00 and even as low as 81.49 for main profit take areas.

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9) Dollar JPY on the 4 hour chart:

Currently I have an Earth and Sky short zone between 106.45 and 107.05 with areas to keep an eye on at 106.27 and 106.51 resistance areas where after I will re look to short this pair again.

Possible counter longs at 105.25 and 104.66 support areas.

Notes:

Hitting our first roadblock area this morning so will wait for solid resistance before looking for that short.

Wednesdays notes:

Very nice short here from our zone….second one in 2 weeks. Price pulled nicely to the short zone….found the resistance at our 50% fib at 106.45 and dropped back from there.

Currently getting closer and closer to last week’s low at 105.25 where we have profit take on this one.

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10) Dollar CAD on the 4 hour chart:

Currently I have an Earth and Sky long zone between 1.2808 and 1.2711 with areas to keep an eye on the 38.2 fib at 1.2853 and 1.2800 1.2711 support areas where after I will re look to long this pair again.

Possible counter shorts at 1.2997 and 1.3050 resistance areas.

Notes:

If we make new highs …..follow price with your fib to get the adjusted trading zone for the week.

Wednesdays notes:

This one found the resistance I wanted at the WR1 pivot at 1.2997. I had a forward order that got triggered and got out with a homerun counter trade giving me a 100 pips on this pair yesterday.

Price burned at the 34 EMA again

Currently in no man’s land and possible triangle forming.

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11) Dollar SGD on the DAILY chart:

Notes:

Leaving alone now as we stuck in a triangle for now. We need to wait for a breakout.

Wednesdays notes:

Still trapped in the triangle….currently at the bottom trend line of the triangle.

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12) Dollar Index on 4 hour chart:

Notes:

I don’t have a feel for this index at the moment. I don’t like the way how price doesn’t respect the EMA`S at the 90.14 level.

I will re look for resistance between 90.78 and 90.85 for possible shorts and support at 89.34 for possible longs.

Wednesdays notes:

Price broke to the downside from the cluster EMA`s we have at 89.94.

Currently getting closer to the first roadblock support area at the WS1 pivot at 89.34 where possible longs can set up.

But make sure we have SOLID support first.

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See you all later during the webinar !!!

Regards

Pierre

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