Here is the recording of yesterdays live session. I gave an update on my weekly analysis from Sunday and went through all the potential Earth and Sky setups for the week that Pierre identified.
We spoke about being very patient and waiting for candles to close before rushing in to take a trade. A lot of the majors are at key areas now and waiting for a clear move, could prove vital.
We discussed that when you have A LOT of options, especially on Pierre’s Earth and Sky system, that you need to be able to evaluate each setup and select the best few in terms of risk/reward potential. I also reminded everyone that the same reasoning you use to determine potential reasons for the stop, you need to use to determine areas where price might struggle. (For newer members sometimes the colours on the Earth and Sky system can seem confusing, so I gave a very quick demonstration on changing your EMA colours in order to match up with the M2 system. If you need any more help with this, please feel free to drop me a mail).
New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.
We are NOT a “tipping service” our aim is to teach you how to trade for yourself.
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Watch the video for more detailed explanations of this week’s analysis and trade plan.
To view the video full-screen click on the square bottom right corner.
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