{"id":1943,"date":"2017-03-09T10:27:53","date_gmt":"2017-03-09T10:27:53","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=1943"},"modified":"2017-12-27T17:43:59","modified_gmt":"2017-12-27T17:43:59","slug":"weeks-earth-sky-fx-system-analysis","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/weeks-earth-sky-fx-system-analysis\/","title":{"rendered":"This Weeks Earth & Sky Fx System Analysis"},"content":{"rendered":"

This is an example of the detailed Earth & Sky Fx system analysis that South African forex mentor Pierre du Plessis supplies to members throughout the trading week using his system.
\n\"Earth<\/p>\n

On Tuesday of this week, this was his trading plan. He uses a step by step, systematic approach which makes it easier for new members to get up and running quickly:<\/p>\n

Good morning everyone<\/p>\n

What’s up and whats down this morning?<\/p>\n

Well lets dive straight in and have a look !!<\/p>\n

Remember we have loads of red flag news scheduled this week so take note of the times and days it will come out……and on Friday we have the NFP……N<\/u><\/strong>o F<\/u><\/strong>orex P<\/u><\/strong>lease day for us here at Forex Mentor Pro….<\/p>\n

…………………………………………………………………………<\/p>\n

1)\u00a0`Red Flag News`<\/strong>\u00a0<\/u><\/strong><\/em>that can make you lose your pants if you are not careful.<\/strong>\u00a0<\/strong><\/em>\ud83d\udca1<\/strong><\/p>\n

You can use the following web site for\u00a0`SCHEDULED NEWS`<\/strong>\u00a0for the week @\u00a0http:\/\/www.dailyfx.com\/calendar<\/a><\/p>\n

Don`t take any\u00a0trades\u00a0<\/u>just before\u00a0<\/strong>`Red Flag News`<\/strong><\/em>\u00a0If you are already in a trade, protect your entry. I don\u2019t want to meet up with you at Little Beach, Maui, Hawaii. Did you know this is a nudist beach?<\/p>\n

For reference if you don\u2019t want to believe me, have a look at the 4th of April 2013 at all the JPY pairs what happened with price after\u00a0`Red Flag News`<\/strong>\u00a0came out.\u00a0ALWAYS TRADE\u00a0WITH A STOP!\u00a0<\/strong><\/p>\n

Still don\u2019t believe me? Then you must be new to Forex Trading<\/p>\n

Have a look at what the Swiss did to the market on the 15th of January 2015!!<\/p>\n

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\u2019t have a stop in place!!! \ud83d\udc7f<\/strong><\/p>\n

…………………………………………………………………………<\/p>\n

 <\/p>\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/p>\n

2) This week`s Earth & Sky Fx system\u00a0Analysis:<\/strong><\/h2>\n

This is my current `Earth and Sky\u00a0Trading\u00a0Zones` \u2013\u00a0Please take note of the time frames I am looking at.<\/strong><\/p>\n

Sometimes I will refer to\u00a0`The mother in law`\u00a0in my video`s or in my write up. The mother in law represents the 200 EMA (the pink line) on that specific time frame.<\/strong><\/p>\n

If you new to the `Earth and Sky` please make sure to read the supporting notes for this system – Look for unit \u00a0in the education area under Earth and Sky System.<\/strong><\/p>\n

Go to the\u00a0`Education Tab`\u00a0here in the main blog and look for the\u00a0`Earth and Sky\u00a0Trading\u00a0System`<\/u>\u00a0where you will\u00a0find helpful videos using this system.<\/strong><\/p>\n

Remember to have a look at some of the other methods we teach here at\u00a0Forex\u00a0Mentor Pro too.\u00a0\u00a0<\/strong><\/p>\n

………………………………………………………………………….<\/p>\n

What’s the spaghetti indicator (RS All Indi) telling us<\/u><\/strong>?<\/strong><\/p>\n

The spaghetti indicators shows that we a little flat at the moment on most pairs except for the Euro\/NZD that is way overbought so I will be keeping an eye on this pair too this week.<\/p>\n

\"\"<\/p>\n

…………………………………………………………………………<\/p>\n

1)\u00a0Euro Index on the\u00a0Daily chart :<\/u><\/strong><\/p>\n

Difference between last week\u2019s open\/close: Plus 109 pips<\/p>\n

GAP TRADING:<\/u><\/strong><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? N\/A<\/p>\n

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.<\/p>\n

Earth and Sky Trading Zone for the week:<\/u><\/strong><\/em><\/p>\n

Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n

LAST WEEK WE CLOSED PLUS 109 PIPS HIGHER THAN THE OPENING\u00a0 so that is why we have to fib the daily chart as the main trend is still down.<\/u><\/strong><\/p>\n

Price is ABOVE the 200 EMA
\n34 EMA (sky) is UNDER the 55 EMA (earth)
\nDirection: MIXED
\nPotential trading zone: Between the 99.29 and 99.82 levels<\/p>\n

Potential area to look for reaction: At the 99.70 and 99.82 levels.<\/p>\n

Potential Profit take areas: At the 99.21 monthly main pivot<\/p>\n

MACDEE Divergence: No
\nStochastic: No man’s land<\/p>\n

Counter Trades:<\/u><\/strong><\/em><\/p>\n

Potential Counter Trades: At last month’s low area at 98.21 levels<\/p>\n

Potential Profit take areas: At the 99.03 and 99.21 main monthly pivot.<\/p>\n

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 !!!<\/strong><\/p>\n

Notes:<\/u><\/strong><\/p>\n

Currently I have an\u00a0Earth and Sky short zone<\/strong>\u00a0between 99.29 and 99.82 . Problem for me is that we have so many EMA`S that`s under price at the moment and I just don\u2019t know if they will give away as support if we take any shorts. Just to many roadblocks for me to the downside at the moment.<\/p>\n

Correlation:<\/strong>\u00a0Remember that the following pairs make out the\u00a0`Euro Index Basket`<\/strong>\u00a0\u2013 The Euro\/Dollar, Euro\/JPY, EURO\/GBP and the EURO\/CHF.\u00a0(They all move in the same direction)<\/strong><\/p>\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.\u2026…<\/p>\n

2)<\/u><\/strong>\u00a0Euro\/Dollar on the Daily chart:<\/strong><\/u><\/p>\n

Difference between last week\u2019s open\/close: Plus 72 pips<\/p>\n

GAP TRADING:<\/u><\/strong><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? N\/A<\/p>\n

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

Earth and Sky Trading Zone for the week:<\/u><\/strong><\/em><\/p>\n

Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n

LAST WEEK WE CLOSED PLUS 72 PIPS HIGHER THAN THE OPENING\u00a0 so that is why we have to fib the daily chart as the main trend is still down.<\/u><\/strong><\/p>\n

Price is under the 200 EMA
\n34 EMA (sky) is under the 55 EMA (earth)
\nDirection: Short
\nPotential trading zone: Between the 1.0659 and 1.0744 levels<\/p>\n

Potential area to look for reaction: At the 1.0618 (38.2 fib) and 1.0630\u00a0 ( 55 EMA) levels.<\/p>\n

Potential Profit take areas: At the 1.0536 WEEKLY pivot level and last week’s low at 1.0487<\/p>\n

MACDEE Divergence: No
\nStochastic: No man’s land<\/p>\n

Counter Trades:<\/u><\/strong><\/em><\/p>\n

Potential Counter Trades: At the 1.0487 (last month’s low) levels.<\/p>\n

Potential Profit take areas: At the 11.0577 and 1.0614 EMA levels<\/p>\n

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 !!!<\/strong><\/p>\n

Notes:<\/u><\/strong><\/p>\n

If we break all the EMA`S to the upside be careful as a M2 long can then set up as we have no roadblocks in the E3arth and Sky zone.<\/p>\n

Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED (moving in the same direction)<\/strong>\u00a0as the Euro Index, Euro\/JPY and the Euro\/GBP. Be careful; don\u2019t take the same trades on these four pairs at the same time!<\/p>\n

Also remember:<\/strong>\u00a0This pair is `NEGATIVE CORRELATED` (moving in the opposite direction)<\/strong>\u00a0as the Dollar\/CHF pair. Be careful;\u00a0DO NOT OVER EXPOSE YOUR ACCOUNT BY PLACING OPPOSITE TRADES ON THESE TWO PAIRS.<\/strong><\/p>\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.\u2026\u2026..<\/p>\n

3)\u00a0Euro\/JPY on the\u00a04 hour and Daily chart:<\/u><\/strong><\/p>\n

Difference between last week\u2019s open\/close: Plus 249 pips<\/p>\n

GAP TRADING:<\/u><\/strong><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? No<\/p>\n

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.<\/p>\n

Notes:<\/u><\/strong><\/p>\n

Sitting on my hands with this one. I don\u2019t like the way how price is ignoring the 200 EMA`S at the moment.<\/strong><\/p>\n

Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED (moving in the same direction)<\/strong>\u00a0as the Euro Index, Euro\/USD and the Euro\/GBP. Be careful; don\u2019t take the same trades on these four pairs at the same time!<\/p>\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..\u2026..<\/p>\n

4)\u00a0Euro\/GBP on the\u00a04 hour\u00a0chart:<\/u><\/strong><\/p>\n

Difference between last week\u2019s open\/close: Plus 124 pips<\/p>\n

GAP TRADING:<\/u><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? N\/A<\/p>\n

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.<\/p>\n

Earth and Sky Trading Zone for the week:<\/u><\/strong><\/em><\/p>\n

Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n

Price is above the 200 EMA
\n34 EMA (sky) is above the 55 EMA (earth)
\nDirection: Long
\nPotential trading zone: Between the 0.8568 and 0.8517 levels<\/p>\n

Potential area to look for reaction: At the 0.8592 ( 38.2 fib level) and 0.8568 and 0.8560 and 0.8550 levels.<\/p>\n

Potential Profit take areas: At the 0.8669 and 0.8685 levels<\/p>\n

MACDEE Divergence: YES !!!!!!!!!!!!!!!!!!!!!!!!!
\nStochastic: Overbought<\/p>\n

Counter Trades:<\/u><\/strong><\/em><\/p>\n

Potential Counter Trades: At the 0.8669 and 0.8685 pivot levels.<\/p>\n

Potential Profit take areas: At the 0.8589 main weekly pivot levels<\/p>\n

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 !!!<\/strong><\/p>\n

Notes:<\/u><\/strong><\/p>\n

We have a big roadblock area here as we have a weekly and monthly pivot in the same area with MACD divergence showing up as a warning sign that a correction is on its way.<\/u><\/em><\/strong><\/p>\n

Correlation<\/strong>: This pair is\u00a0POSITIVE CORRELATED (moving in the same direction)<\/strong>\u00a0as the Euro Index, Euro\/Dollar and the Euro\/JPY. Be careful; don\u2019t take the same trades on these four pairs at the same time<\/p>\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026….<\/p>\n

5)\u00a0GBP\/Dollar on the\u00a04 hour chart:<\/u><\/strong><\/p>\n

Difference between last week\u2019s open\/close: Min 102 pips<\/p>\n

GAP TRADING:<\/u><\/strong><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? No<\/p>\n

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.<\/p>\n

Earth and Sky Trading Zone for the week:<\/u><\/strong><\/em><\/p>\n

Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n

Price is under the 200 EMA
\n34 EMA (sky) is under the 55 EMA (earth)
\nDirection: Short
\nPotential trading zone: Between the 1.2348 and 1.2415 levels<\/p>\n

Potential area to look for reaction: At the 1.2331 and 1.2348 and 1.2415 levels.(Roadblocks)<\/p>\n

Potential Profit take areas: At the 1.2180 levels<\/p>\n

MACDEE Divergence: No
\nStochastic: No man’s land<\/p>\n

Counter Trades:<\/u><\/strong><\/em><\/p>\n

Potential Counter Trades: At the 1.2180 pivot point levels.<\/p>\n

Potential Profit take areas: At the 1.2300 and 1.2331 levels<\/p>\n

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 !!!<\/strong><\/p>\n

Notes:<\/u><\/strong><\/p>\n

If we make new lows without the pullback – follow it with your fib to get the adjusted zone for the week.<\/p>\n

Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED (moving in the same direction)<\/strong>\u00a0as the GBP\/JPY pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026….<\/p>\n

6)\u00a0GBP\/JPY on the\u00a0Daily chart:<\/u><\/strong><\/p>\n

Difference between last week\u2019s open\/close: Plus 89 pips<\/p>\n

GAP TRADING:<\/u><\/strong><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? N\/A<\/p>\n

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.<\/p>\n

Earth and Sky Trading Zone for the week:<\/u><\/strong><\/em><\/p>\n

Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n

LAST WEEK WE CLOSED PLUS 89 PIPS HIGHER THAN THE OPENING\u00a0 so that is why we have to fib the daily chart as the main trend is still down.<\/u><\/strong><\/p>\n

Price is under the 200 EMA
\n34 EMA (sky) is under the 55 EMA (earth)
\nDirection: Short
\nPotential trading zone: Between the 141.34 and 142.73 levels<\/p>\n

Potential area to look for reaction: At the 140.68 (38.2 fib) roadblock as we have loads of EMA`S here too.<\/p>\n

Potential Profit take areas: At the 138.97 and 138.54 and 137.96 levels<\/p>\n

MACDEE Divergence: No
\nStochastic: No man’s land<\/p>\n

Counter Trades:<\/u><\/strong><\/em><\/p>\n

Potential Counter Trades: At the 138.54 and 137.64 and 137.00 levels.<\/p>\n

Potential Profit take areas: At the 140.16 – 55 EMA \u00a0levels<\/p>\n

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 !!!<\/strong><\/p>\n

Notes:<\/u><\/strong><\/p>\n

Wait for price to come to you.<\/p>\n

Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED (moving in the same direction)<\/strong>\u00a0as the GBP\/Dollar pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026….<\/p>\n

7)\u00a0Aussie\/Dollar on the\u00a0Daily chart:<\/u><\/strong><\/p>\n

Difference between last week\u2019s open\/close: Min 75 pips.<\/p>\n

GAP TRADING:<\/u><\/strong><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? N\/A<\/p>\n

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.<\/p>\n

Notes:<\/u><\/strong><\/p>\n

LAST WEEK WE CLOSED MIN 75 PIPS LOWER THAN THE OPENING so that is why we have to fib the daily chart as the main trend is still down\u2026..PROBLEM IS WE ARE ALREADY CLOSE TO LAST MONTHS LOW SO WE CANT FIB IT.<\/u><\/em><\/strong><\/p>\n

We have a MS1 pivot at 0.7550 and a 200 EMA at 0.7525 that can give support so I will be keeping an eye on these levels for support where after I will re look to long.<\/strong><\/p>\n

Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED<\/strong>\u00a0(moving in the same direction)<\/strong>\u00a0as the AUD\/JPY pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026….<\/p>\n

8)\u00a0Aussie\/JPY on the 4 hour and Daily chart:<\/u><\/strong><\/p>\n

Difference between last week\u2019s open\/close: Plus 35 pips<\/p>\n

GAP TRADING:<\/u><\/strong><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? No<\/p>\n

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.<\/p>\n

Notes:<\/u><\/strong><\/p>\n

Sitting on my hands. By the looks of it we are trapped in a triangle on this one plus if we look on the 4 hour chart we might have a Head and Shoulder pattern here too……so something needs to give before I will re look to trade this pair \u00a0<\/strong><\/p>\n

Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED<\/strong>\u00a0(moving in the same direction)<\/strong>\u00a0as the AUD\/USD pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n

\"\"<\/p>\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026…………<\/p>\n

9)\u00a0USD\/JPY on the\u00a04 hour chart:<\/u><\/strong><\/p>\n

Difference between last week\u2019s open\/close: Plus 165 pips<\/p>\n

GAP TRADING:<\/u><\/strong><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? N\/A<\/p>\n

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.<\/p>\n

Earth and Sky Trading Zone for the week:<\/u><\/strong><\/em><\/p>\n

Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n

Price is above the 200 EMA
\n34 EMA (sky) is above the 55 EMA (earth)
\nDirection: Long
\nPotential trading zone: Between the 113.22 and 112.44 levels( between the 50% and 75% fib)<\/p>\n

Potential area to look for reaction: At the 113.59 and 113.45 ( 38.2 fib) levels.(Roadblocks)<\/p>\n

Potential Profit take areas: At the 114.78 and 115.19 levels (Roadblocks)<\/p>\n

MACDEE Divergence: No
\nStochastic: Oversold<\/p>\n

Counter Trades:<\/u><\/strong><\/em><\/p>\n

Potential Counter Trades: At the 114.78 and 115.19 road block levels.<\/p>\n

Potential Profit take areas: At the 113.59 weekly main pivot point and EMA levels.<\/p>\n

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 !!!<\/strong><\/p>\n

Notes:<\/u><\/strong><\/p>\n

If price breaks the big support levels at 113.42 be careful as we might now have an opportunity to look for a M2 short set up as we have no roadblocks in the Earth and Sky zone.<\/p>\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026….<\/p>\n

10)\u00a0USD\/CAD on the\u00a04 hour\u00a0 chart:<\/u><\/strong><\/p>\n

Difference between last week\u2019s open\/close: Plus 5 pips<\/p>\n

GAP TRADING:<\/u><\/strong><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? N\/A<\/p>\n

Earth and Sky Trading Zone for the week:<\/u><\/strong><\/em><\/p>\n

Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n

Price is above the 200 EMA
\n34 EMA (sky) is above the 55 EMA (earth)
\nDirection: Long
\nPotential trading zone: Between the 1.3261 and 1.3172 levels( between the 50% and 75% fib)<\/p>\n

Potential area to look for reaction: At the 1.3302 ( 38.2 fib) and 1.3207 levels.(Roadblocks)<\/p>\n

Potential Profit take areas: At the 1.3400 and 1.3437 levels (Roadblocks)<\/p>\n

MACDEE Divergence: YES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
\nStochastic: No man’s land<\/p>\n

Counter Trades:<\/u><\/strong><\/em><\/p>\n

Potential Counter Trades: At the 1.3437 and 1.3426 Monthly pivot point levels.<\/p>\n

Potential Profit take areas: At the 1.3301 weekly main pivot point and 1.3207 EMA levels.<\/p>\n

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 !!!<\/strong><\/p>\n

Notes:<\/u><\/strong><\/p>\n

We have a key resistance level at the MR1 pivot at 1.3426 with MACD showing divergence so we can expect a correction. <\/u><\/em><\/strong><\/p>\n

Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED<\/strong>\u00a0(moving in the same direction)<\/strong>\u00a0as the Dollar Index. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n

……………………………………………………………………………………..<\/p>\n

11)\u00a0USD Index on the 4hour chart:<\/u><\/strong><\/p>\n

Difference between last week\u2019s open\/close: Plus 5 pips<\/p>\n

GAP TRADING:<\/u><\/strong><\/p>\n

Did we open with a gap this week? No<\/p>\n

Did the gap close? N\/A<\/p>\n

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.<\/p>\n

Earth and Sky Trading Zone for the week:<\/u><\/strong><\/em><\/p>\n

Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n

Price is above the 200 EMA
\n34 EMA (sky) is above the 55 EMA (earth)
\nDirection: Long
\nPotential trading zone: Between the 101.47 and 101.08 levels ( between the 50% and 75% fib)<\/p>\n

Potential area to look for reaction: At the 101.46 and 101.27 and 101.08 levels. (Roadblocks)<\/p>\n

Potential Profit take areas: At the WR1 pivot and last week’s high areas at 102.13 and 102.23 levels<\/p>\n

MACDEE Divergence: No
\nStochastic: No man’s land<\/p>\n

Counter Trades:<\/u><\/strong><\/em><\/p>\n

Potential Counter Trades: At the WR 1 pivot and last week’s high area at 102.13 and 102.23 levels.<\/p>\n

Potential Profit take areas: At the 101.47 – 55 EMA levels<\/p>\n

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 !!!<\/strong><\/p>\n

Notes:<\/u><\/strong><\/p>\n

If price do break to the downside and drop past the 55 EMA be careful as we can go then down to the 200 EMA and daily 55 EMA at 101.08 where I then will re look to long.<\/strong><\/p>\n

Correlation:<\/strong>\u00a0Remember that the Dollar Index is negative correlated with the Euro Index \u00a0(They move in opposite direction)<\/strong>\u00a0so only take one trade at a time as you will double your risk if you took trades on both index`s.<\/p>\n

If you don\u2019t have the index on your platform\u2026..download a demo account with Forex LTD at\u00a0http:\/\/www.forexltd.co.uk\/<\/a><\/p>\n

This pair is\u00a0also\u00a0POSITIVE CORRELATED<\/strong>\u00a0(moving in the same direction)<\/strong>\u00a0as the Dollar\/CAD. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n

……………………………………………………………………………………..<\/p>\n

Please remember we are NOT a \u201ctipping service.\u201d What we aim to teach you here at fxmentorpro is how to look for trade set ups using different methods, taking you\u2019re trading to the next level.<\/em><\/p>\n

Have a good one mates<\/p>\n

Pierre \ud83d\ude1b<\/p>\n

`Learn from yesterday, Live for today and hope for tomorrow`<\/p>\n

Remember to make the video clip bigger to see the levels more clearly!<\/u><\/strong><\/p>\n

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 \u201cGet Started Today\u201d Button below<\/p>\n

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