This a is a copy of a blog post from Pierre where he explains how to trade areas of interest when trading. Its not an exact science and its something that many new traders struggle with.
Notes below the video. Make sure to click the square box bottom right hand corner of the video:

Hope you are all well, healthy and wealthy after this weeks trading.

Some of my mates moan and groan and say that there are NO TRADES out there  and the market is slow.

Yes the market might be a little slow at the moment ……but no trades………mmmmm ……………I cant agree with that.

Lets have a look as some of you still dont get it when I talk about areas of interest  !!!!!!!

Read the following and make that applicable to trading:

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Area:

noun

noun: area; plural noun: areas

  1. 1.

a region or part of a town, a country, or the world.

“rural areas of Britain”

synonyms:districtregionzonesectorquarter;

localitylocaleneighbourhoodcommunity,domainrealmsphereenvironmentterritory;

partsectionparishspotpatch;

tract,stretchsweepbelt;

informalneck of the woods;

informalmanor;

informalturf

“an inner-city area”

  • a space allocated for a specific use.

“the dining area”

synonyms:sectionspacesectorpartportionfootprint

“the dining area”

  • a part of an object or surface.

“areas of the body”

  • SOCCER

short for penalty area.

noun: the area

  1. 2.

the extent or measurement of a surface or piece of land.

“the area of a triangle”

synonyms:expanseextentsizescopecompass;
  1. 3.

a subject or range of activity or interest.

“the key areas of science”

synonyms:domainsectordepartmentprovinceterritorycompartmentline;
  1. 4.

a sunken enclosure giving access to the basement of a building.

“the area steps”

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Interest:

noun

noun: interest; plural noun: interests

  1. 1.

the feeling of wanting to know or learn about something or someone.

“she looked about her with interest”

synonyms:attentiveness, undivided attention, absorptionengrossmentheedregardnotice,scrutiny;

curiosity, inquisitiveness;

enjoymentdelight

“the children listened to the story with great interest”

 
  • the quality of exciting curiosity or holding the attention.

“a tale full of interest”

synonyms:attractionappealfascinationcharmbeautyallure, allurement, temptation,tantalization

“the region has many places of interest to the tourist”

  • an activity or subject which one enjoys doing or studying.

“their sole interests are soccer, drink, and cars”


  1. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.2
    .

“the monthly rate of interest”

synonyms:dividends, profits, returns; More
  1. 3.

the advantage or benefit of a person or group.

“the merger is not contrary to the public interest”

synonyms:concernbusiness, business matter, mattercare; More
  • archaic

the selfish pursuit of one’s own welfare; self-interest.

  1. 4.

a stake or involvement in an undertaking, especially a financial one.

“holders of voting rights must disclose their interests”

synonyms:stakeshareportionclaiminvestmentstockequity; More
  • a legal concern, title, or right in property.

“third parties having an interest in a building”

  1. 5.

a group or organization having a common concern, especially in politics or business.

“food interests in Scotland must continue to invest”

verb

verb: interest; 3rd person present: interests; past tense: interested; past participle: interested; gerund or present participle: interesting

  1. 1.

excite the curiosity or attention of (someone).

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NOW LETS HAVE A LOOK AT SEE IF PRICE GOT TO OUR AREAS OF INTEREST AND IF WE WERE ABLE TO TAKE TRADES FROM THESE AREAS:

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1) Euro Index on the 4 hour chart:

Difference between last week’s open/close: Plus 52 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 100.55 and 100.35 levels

Potential area to look for reaction: At the 100.55 and 100.50 levels.

Potential Profit take areas: At the 100.96 and 101.11 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 100.96 and 101.11 levels

Potential Profit take areas: At the 100.63 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 we don’t find solid support at the 55 EMA at 100.51 be careful as we can drop to the WS1 pivot point at 100.30.

Fridays notes:

On Tuesday afternoon price dropped into the Earth and Sky long zone…….however we didn’t have any confirmation to long on the smaller time frames. Price broke last week’s low too……but found support at the psychological level at 100.00 with the mother in law 200 EMA just under it…….we got confirmation to long and this trade gave 32 pips.

Currently we hitting a resistance level again as we have a roadblock in the form of the 34/55 EMA`S at the 100.45 level.

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2) Euro/Dollar on the 4 hour chart:

Difference between last week’s open/close: Plus 135 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 1.1260 and 1.1206 levels

Potential area to look for reaction: At the 1.1260 levels.

Potential Profit take areas: At the 1.1366 and 1.1391 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 1.1366 and 1.1391 levels

Potential Profit take areas: At the 1.1272 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 we don’t find solid support at the 55 EMA at 1.1260 be careful as we can drop deeper in to the trading zone. If that is the case then I will re look to long from the WS1 pivot at 1.1178 where we also have loads of EMA`S that can give the support we need.

Fridays notes:

After my write up on Tuesday price dropped into the Earth and Sky long trading zone. We found support at the 50% fib and 55 EMA and got confirmation to long this pair. Currently this trade is 20 odd pips up.

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3) Euro/JPY on the DAILY chart:

Difference between last week’s open/close: Plus 55 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 114.64 and 116.57 levels

Potential area to look for reaction: At the 114.64 and 115.12 levels.

Potential Profit take areas: At the 112.62 and 110.60 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 110.60 levels

Potential Profit take areas: At the 112.62 and 114.53 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:

Currently we camping out at the 4 hour 55 EMA at 113.42………however I will prefer a bigger pullback to at least the monthly main pivot where we also have a 200 EMA and 55 EMA waiting at 114.53 before I will re look to short.

Fridays notes:

This pair is going now where. For the last week we were camping out at the 4 hour 55 EMA at 113.37. I will still prefer a pullback to the 114.25 and 114.53/94 levels before I will re look to short.

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4) Euro/GBP on the DAILY chart:

Difference between last week’s open/close: Plus 2 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 0.8486 and 0.8366 levels

Potential area to look for reaction: At the 0.8470 and 0.8402 levels.

Potential Profit take areas: At the 0.8616 and 0.8616 levels

MACDEE Divergence: YES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Stochastic: Overbought

Counter Trades:

Potential Counter Trades: At the 0.8616 AND 0.8725 levels

Potential Profit take areas: At the 0.8500 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 pair to me is highly overbought and we need a correction. I will prefer if we can get back down to at least 0.8500 before I will re look to long.

Fridays notes:

I warned on Tuesday that this pair is highly overbought and that I expect a correction. Well price did follow my notes as we dropped over a 150 pips from Monday morning.

On Wednesday we were at my Earth and Sky long zone as price found support at my 50% fib. We had confirmation to long and this trade at one stage made 40 pips…..currently we are 19.

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5) GBP/Dollar on the 4 hour chart:

Difference between last week’s open/close: Plus 151 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.

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 had a nice pullback last week and we closed 151 pips higher on Friday than the opening of the Monday……now I will keep an eye on the WR1 pivot and mother in law 200 EMA dining room table at 1.3205/13 for possible resistance and then to look for confirmation to short back down to at least 1.3068 where we have the 55 EMA waiting.

Fridays notes:

Price got to the 200 EMA and WR1 pivot on Tuesday but broke the resistance to the upside – Price didn’t really follow through and gave confirmation yesterday to short. This trade gave 50 odd pips.

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6) GBP/JPY on the DAILY chart:

Difference between last week’s open/close: Plus 64 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 135.98 and 139.64 levels

Potential area to look for reaction: At the 135.27/74 and 135.98 and 137.26 levels.

Potential Profit take areas: At the 131.64 and 130.74 levels.

MACDEE Divergence: No
Stochastic: Oversold

Counter Trades:

Potential Counter Trades: At the 129.00 levels

Potential Profit take areas: At the 132.20 and 135.27 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:

Possible double bottom if we look at the daily chart……looking at the 4 hour it looks like we trapped in a triangle.

Fridays notes:

I am still waiting for a bigger correction on this one and will prefer if we can get back up to the 4 hour 200 EMA at 134.83 and psychological level of 135.00 before I will re look to short.

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7) Aussie/Dollar on the DAILY chart:

Difference between last week’s open/close: Plus 48 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 0.7584 and 0.7496 levels

Potential area to look for reaction: At the 0.7584 and 0.7564 levels.

Potential Profit take areas: At the 0.7646 and 0.7706 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 0.7706 levels.

Potential Profit take areas: At the 0.7592 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:

Yesterday we burned at the 4 hour mother in law dining room table and we had a move up……but hitting now the 55 EMA that can be a roadblock.

Fridays notes:

As mentioned on Tuesday…..we found support at the 4 hour 200 EMA and 50% fib of my Earth and Sky long zone on Monday already…..I warned that we had a roadblock ahead at the 55 EMA….This kept price down and we had another opportunity to go long from the 50% fib. Currently this trade is 40 odd pips up.

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8) Aussie/JPY on the 4 hour chart:

Difference between last week’s open/close: Min 103 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 76.93 and 77.37 levels

Potential area to look for reaction: At the 77.00 levels.

Potential Profit take areas: At the 76.06 and 75.76 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 75.76 levels.

Potential Profit take areas: At the 76.78 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:

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

Fridays notes:

For most of the week we were in no man’s land…..only today we hitting a key resistance level here at the weekly main pivot and 55 EMA at 76.78 so this can be a roadblock for possible short set ups.

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9) USD/JPY on the 4 hour chart:

Difference between last week’s open/close: Min 74 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 100.53 and 101.00 levels

Potential area to look for reaction: At the 100.53 and 100.77 levels.

Potential Profit take areas: At the 99.59 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 99.59 and 98.63 levels.

Potential Profit take areas: At the 100.54 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 yesterday already from the 55 EMA at 100.75.

Fridays notes:

This one trigger on Monday already with a short from the 55 EMA giving us 80 odd pips – Price however didn’t get to our preferred profit take and pulled back. Currently we are back at the weekly main pivot and 55 EMA but be careful as we trapped in a triangle.

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10) USD/CAD on the 4 hour chart:

Difference between last week’s open/close: Min 64 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 1.2872 and 1.2923 levels

Potential area to look for reaction: At the 1.2923 levels.

Potential Profit take areas: At the 1.2783 levels

MACDEE Divergence: No
Stochastic: Overbought

Counter Trades:

Potential Counter Trades: At the 1.2783 levels.

Potential Profit take areas: At the 1.2879 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 went past the zone yesterday but then pulled back and gave confirmation to short…..HOWEVER….I have a feeling we going to visit the mother in laws dining room table at the WR1 pivot at 1.2990 where I will re look to short.

Fridays notes:

This pair gave a short opportunity on Tuesday morning and gave Monday already a short that gave 60 odd pips………….however the weekly main pivot  gave support and we had a move back up again……..but we didn’t get to the mother in law where I wanted to re look to short from

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11) USD Index on the 4 hour chart:

Difference between last week’s open/close: Min 100 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 94.94 and 95.38 levels

Potential area to look for reaction: At the 94.94 and 95.00 levels.

Potential Profit take areas: At the 94.07 and 93.92 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 94.00 levels.

Potential Profit take areas: At the 94.86 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 yesterday already and is on its way to profit take area.

Fridays notes:

This one triggered already on Monday……and we got within 20 pips from our main profit take area. Price pulled back to the weekly main pivot and 55 EMA at 94.86 where it found resistance and gave another opportunity to short……this trade is currently 18 pips up.

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Please remember we are NOT a “tipping service.” What we aim to teach you here at fxmentorpro 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 !

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