{"id":197,"date":"2016-04-13T13:37:08","date_gmt":"2016-04-13T13:37:08","guid":{"rendered":"https:\/\/forexmentorpro.com\/blog\/?p=197"},"modified":"2024-05-24T15:45:26","modified_gmt":"2024-05-24T14:45:26","slug":"you-dont-need-to-walk-forex-alone","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/you-dont-need-to-walk-forex-alone\/","title":{"rendered":"You dont need to walk forex alone&#8230;"},"content":{"rendered":"<p>Good morning everyone<\/p>\n<p>Hope you are all well and healthy this stunning morning<\/p>\n<p>Last week we had some big drops on the JPY pairs so surely there must be corrections on the way &#8211; back to <span style=\"text-decoration: underline;\">our preferred Earth and Sky \u00a0zones<\/span> where I will re look to short &#8211; trading with the main trend.<\/p>\n<p>The Euro\/Dollar Daily chart is showing signs of \u00a0exhaustion&#8230;&#8230;if we look at the daily chart we can spot MACDEE divergence with an overbought stochastic so we might be in here too with \u00a0a \u00a0correction coming up.<\/p>\n<p><center><iframe src=\"https:\/\/www.youtube.com\/embed\/usGqOqmkmHM\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/center><span style=\"text-decoration: underline;\">We have received the following letter from one of our new members:<\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>`Hey folks, I have been trying to trade Forex for the past 7 years, with no real success. I have more losses then wins, and a lot of frustrations too. I started Forex after our twins were born at 6 weeks early and as a result of that we had to set our alarm clock every 3 hours over night to wake them up for feedings. So I wasn&#8217;t able to do that and still get up for a normal job.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>I searched for something to work from home and that is when I found trading. How hard could it be I thought. Well I was sadly mistaken there, it is very difficult, especially with no formal training or guidance. I have tried countless systems and EA&#8217;s with no success. Searched many websites for help, signals and anything that would improve my chances of being profitable in Forex. I am not expecting to become a millionaire, I just want to be comfortable and help pay the bills.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>I got an email about this site, and took advantage of the $1.00 trial. I have downloaded and installed the Earth &amp; Sky system, and have watched Pierre&#8217;s videos on the subject as well as using Fibs. I have learned more in the few minutes of watching those videos then I have in the past 6 years. I am planning on continuing my membership as soon as finances permit.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>This is an amazing site and it has tons of great info. I am hoping 2016 will finally be the year I make consistent profits.`<\/em><\/span><\/p>\n<p>Welcome Peter&#8230;&#8230;&#8230;&#8230;&#8230; \ud83d\ude42 One thing is for sure&#8230;&#8230;&#8230;<strong>WE WILL TAKE YOUR TRADING TO THE NEXT LEVEL if you walk with us !!!<\/strong><\/p>\n<h2><img decoding=\"async\" class=\"alignleft wp-image-440 size-medium\" src=\"https:\/\/forexmentorpro.com\/blog\/wp-content\/uploads\/2016\/04\/bigstock-Business-Woman-114947-200x300.jpg\" alt=\"You dont need to walk forex alone...\" width=\"200\" height=\"300\" title=\"\">You dont need to walk alone&#8230;<\/h2>\n<p><strong style=\"line-height: 1.5em;\"><span style=\"text-decoration: underline;\">African proverb for the week:<\/span><\/strong><\/p>\n<p><strong>1)\u00a0`Red Flag News`<\/strong><b><i><span style=\"text-decoration: underline;\">\u00a0<\/span><\/i><\/b><strong>that can make you lose your pants if you are not careful.<\/strong><b><i>\u00a0<\/i><\/b><strong>\ud83d\udca1<\/strong><\/p>\n<p>You can use the following web site for\u00a0<b>`SCHEDULED NEWS`<\/b>\u00a0for the week @\u00a0<a href=\"http:\/\/www.dailyfx.com\/calendar\" target=\"_blank\" rel=\"noopener\">http:\/\/www.dailyfx.com\/calendar<\/a><\/p>\n<p><strong>Don`t take any<\/strong><b><span style=\"text-decoration: underline;\">\u00a0trades\u00a0<\/span><\/b><strong>just before\u00a0<\/strong><em><b>`Red Flag News`<\/b><\/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<p>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<strong>`Red Flag News`<\/strong>\u00a0came out.\u00a0<strong>ALWAYS TRADE\u00a0WITH A STOP!\u00a0<\/strong><\/p>\n<p>Still don\u2019t believe me? Then you must be new to Forex Trading<\/p>\n<p>Have a look at what the Swiss did to the market on the 15th of January 2015!!<\/p>\n<p><b>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<\/b><\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/p>\n<p><span style=\"color: #0000ff;\"><em><b>2) Where is the\u00a0`Forum Hang out Spot`\u00a0that everyone is talking about?<\/b><\/em><\/span><\/p>\n<p><span style=\"color: #0000ff;\"><em><b>On the top of this main page, go to the\u00a0`Members Forum`\u00a0Tab and click on it&#8230;&#8230;.once in there, look for\u00a0`Pierre`s Corner`\u00a0and click on it&#8230;&#8230;&#8230;Once in there look for\u00a0`Pierre`s Trading\u00a0week `and click on it&#8230;&#8230;..once in there, look for the\u00a0Current week`s Thread Tab\u00a0and click on it&#8230;&#8230;&#8230;..easy as pips! \ud83d\ude09<\/b><\/em><\/span><\/p>\n<p><span style=\"color: #0000ff;\"><em><b>Or if you have the need for speed and want to trade Gold. Oil\u00a0and some other instruments\u00a0and want to hang out with\u00a0Omar&#8230;&#8230;&#8230;&#8230; On the top of this main page, go to the\u00a0`Members Forum`\u00a0Tab and click on it&#8230;&#8230;.once in there, look for the\u00a0`Operation Gold\u00a0Rush`\u00a0Tab and click on it \u2013 there you have it, you have struck gold!! \ud83d\ude42 \u00a0<\/b><\/em><\/span><\/p>\n<p>\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<p><strong>3) This week`s Analysis:<\/strong><\/p>\n<p><strong>This is my current `Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones` \u2013<\/strong>\u00a0<strong>Please take note of the time frames I am looking at.<\/strong>\u00a0<strong>\u2757<\/strong><\/b><\/p>\n<p><strong>Sometimes I will refer to<\/strong><b>\u00a0<strong>`The mother in law`<\/strong>\u00a0<strong>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.<\/strong><\/b><\/p>\n<p><strong>If you new to the `Earth and Sky`\u00a0method, please make sure you download your free e-book.<\/strong><\/p>\n<p><strong>Go to the<\/strong><b>\u00a0<strong>`Forex\u00a0Education Tab`<\/strong>\u00a0<strong>here in the main blog and look for the `Earth and Sky<\/strong><span style=\"text-decoration: underline;\">\u00a0Trading\u00a0<\/span><strong>System`<\/strong>\u00a0<strong>where you will\u00a0find helpful videos using this system and some Indi`s I use.<\/strong><\/b><\/p>\n<p><strong>Remember to have a look at some of the other methods we teach here at<\/strong><b>\u00a0Forex\u00a0<strong>Mentor Pro too.\u00a0\u00a0<\/strong><\/b><\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/p>\n<p><strong>Ok&#8230;..let&#8217;s have a look at the Earth and Sky analysis for the week:<\/strong><\/p>\n<h3>You dont need to walk alone&#8230;<\/h3>\n<p><span style=\"text-decoration: underline;\"><strong>My current antelopes I am looking at:<\/strong><\/span><\/p>\n<p>1) \u00a0Euro\/JPY<\/p>\n<p>2) Euro\/GBP<\/p>\n<p>3) GBP\/Dollar<\/p>\n<p>4) Aussie\/JPY<\/p>\n<p>5) USD\/CAD<\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/p>\n<p><strong>1)<\/strong><b>\u00a0<strong><span style=\"text-decoration: underline;\">Euro Index on the<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a0Daily chart:<\/span><\/b><\/p>\n<p>Difference between last week\u2019s open\/close: Min 34 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Earth and Sky Trading Zone for the week:<\/span><\/i><\/b><\/p>\n<p><strong>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones for the week.<\/strong><\/b><\/p>\n<p>Price is above the 200 EMA<br \/>\n34 EMA (sky) is above the 55 EMA (earth)<br \/>\nDirection: Long<br \/>\nPotential trading zone: Between the 99.05 and 98.13 levels<\/p>\n<p>Potential area to look for reaction: At the 99.49 ( 38.2 fib) and 99.00 and 98.52 levels<\/p>\n<p>Potential Profit take areas: At the 100.90 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Coming out of oversold<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Counter Trades:<\/span><\/i><\/b><\/p>\n<p>Potential Counter Trades: At the 100.90 level (WR1 pivot area)<\/p>\n<p>Potential Profit take areas: At the 100.37 levels ( Main weekly pivot)<\/p>\n<p><b>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 !!!<\/b><\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>Last week we closed lower than the opening of last week&#8230;&#8230;however direction Indi is long on 4 hour and daily&#8230;&#8230;that is why I fib the daily chart this week.<\/p>\n<p><b>Correlation:<\/b>\u00a0Remember that the following pairs make out the\u00a0<b>`Euro Index Basket`<\/b>\u00a0\u2013 The Euro\/Dollar, Euro\/JPY, EURO\/GBP and the EURO\/CHF.\u00a0<b>(They all move in the same direction)<\/b>\u00a0Use the `Euro Index` for extra confirmation and information to trade the basket pairs. If you don\u2019t have the index on your platform\u2026..download a demo account with Forex LTD at\u00a0<a href=\"http:\/\/www.forexltd.co.uk\/\" target=\"_blank\" rel=\"noopener\">http:\/\/www.forexltd.co.uk\/<\/a><\/p>\n<p>\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&#8230;<\/p>\n<p><strong><span style=\"text-decoration: underline;\">2)<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a0<strong>Euro\/Dollar on the DAILY chart:<\/strong><\/span><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 10 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Earth and Sky Trading Zone for the week:<\/span><\/i><\/b><\/p>\n<p><strong>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones for the week.<\/strong><\/b><\/p>\n<p>Price is above the 200 EMA<br \/>\n34 EMA (sky) is above the 55 EMA (earth)<br \/>\nDirection: Long<br \/>\nPotential trading zone: Between the 1.1138 and 1.0980 levels<\/p>\n<p>Potential area to look for reaction: At the 1.1212 ( 38.2 fib) and 1.1107 levels.<\/p>\n<p>Potential Profit take areas: At the 1.1359 (55 EMA) and 1.1452 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Counter Trades:<\/span><\/i><\/b><\/p>\n<p>Potential Counter Trades: At the 1.1452 and 1.1463 levels<\/p>\n<p>Potential Profit take areas: At the 1.1396 ( main weekly pivot) and 1.1364 levels\u00a0 (4 hour 55 EMA)<\/p>\n<p><b>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 !!!<\/b><\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>We are very flat on the 4 hour chart&#8230;&#8230;.and like the Euro Index I fib the daily chart to get the zone for the week.<\/p>\n<p><strong>Correlation:<\/strong>\u00a0This pair is\u00a0<b>POSITIVE CORRELATED (moving in the same direction)<\/b>\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<p><strong>Also remember:<\/strong>\u00a0This pair is `<b>NEGATIVE CORRELATED` (moving in the opposite direction)<\/b>\u00a0as the Dollar\/CHF pair. Be careful;\u00a0<b>DO NOT OVER EXPOSE YOUR ACCOUNT BY PLACING OPPOSITE TRADES ON THESE TWO PAIRS.<\/b><\/p>\n<p>\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<p><strong>3)<\/strong><b>\u00a0<strong><span style=\"text-decoration: underline;\">Euro\/JPY on the<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a04 hour<\/span>\u00a0<strong><span style=\"text-decoration: underline;\">chart:<\/span><\/strong><\/b><\/p>\n<p>Difference between last week\u2019s open\/close: Min 376 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Earth and Sky Trading Zone for the week:<\/span><\/i><\/b><\/p>\n<p><strong>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones for the week.<\/strong><\/b><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 124.95 and 126.15 levels<\/p>\n<p>Potential area to look for reaction: At the 124.47 9 (main weekly pivot and 38.2 fib) and 124.78 and 125.77 \u00a0levels.<\/p>\n<p>Potential Profit take areas: At the 122.55 and 121.58 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Oversold<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Counter Trades:<\/span><\/i><\/b><\/p>\n<p>Potential Counter Trades: At the 121.58 levels<\/p>\n<p>Potential Profit take areas: At the 124.47 ( main weekly pivot)<\/p>\n<p><b>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 !!!<\/b><\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>Currently in no man&#8217;s land&#8230;&#8230;.wait for price to come to your area !!<\/p>\n<p><b>Correlation:<\/b>\u00a0This pair is\u00a0<b>POSITIVE CORRELATED (moving in the same direction)<\/b>\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<p>\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<p><strong>4)<\/strong><b>\u00a0<strong><span style=\"text-decoration: underline;\">Euro\/GBP on the<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a04 hour\u00a0<strong>chart:<\/strong><\/span><\/b><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 60 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Earth and Sky Trading Zone for the week:<\/span><\/i><\/b><\/p>\n<p><strong>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones for the week.<\/strong><\/b><\/p>\n<p>Price is above the 200 EMA<br \/>\n34 EMA (sky) is above the 55 EMA (earth)<br \/>\nDirection: Long<br \/>\nPotential trading zone: Between the 0.8038 and 0.7998 levels<\/p>\n<p>Potential area to look for reaction: At the 0.8009 and 0.8000 levels.<\/p>\n<p>Potential Profit take areas: At the 0.8085 and 0.8100 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Oversold<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Counter Trades:<\/span><\/i><\/b><\/p>\n<p>Potential Counter Trades: At the 0.8117 and 0.8138 levels.<\/p>\n<p>Potential Profit take areas: At the 0.8049 levels. (main weekly pivot)<\/p>\n<p><b>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 !!!<\/b><\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>Price currently sitting on the 4 hour 55 EMA &#8230;&#8230;.while the WS1 pivot holds at 0.7981 my bias will be to look for long set ups.<\/p>\n<p><b>Correlation<\/b>: This pair is\u00a0<b>POSITIVE CORRELATED (moving in the same direction)<\/b>\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<p>\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&#8230;.<\/p>\n<p><strong>5)<\/strong><b>\u00a0<strong><span style=\"text-decoration: underline;\">GBP\/Dollar on the<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a0DAILY<\/span>\u00a0<strong><span style=\"text-decoration: underline;\">chart:<\/span><\/strong><\/b><\/p>\n<p>Difference between last week\u2019s open\/close: Min 97 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>Last week price broke that triangle I showed you on the Tuesday to the downside&#8230;&#8230;.price pulled back now and currently hitting the 4 hour 200 EMA and monthly main pivot with the daily 55 EMA just above at 1.4277. So this can be a huge roadblock for this pair so possible short set ups from 1.4236 might be on the cards&#8230;..<\/p>\n<p>If you drop to the 4 hour chart and fib it&#8230;.then price is currently at the 75% fib with a MACDEE that is rolling over and an overbought stochastic so more reasons<\/p>\n<p><b>Correlation:<\/b>\u00a0This pair is\u00a0<b>POSITIVE CORRELATED (moving in the same direction)<\/b>\u00a0as the GBP\/JPY pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n<p>\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&#8230;.<\/p>\n<p><strong>6)<\/strong><b>\u00a0<strong><span style=\"text-decoration: underline;\">GBP\/JPY on the<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a04 hour\u00a0<strong>chart:<\/strong><\/span><\/b><\/p>\n<p>Difference between last week\u2019s open\/close: Min 585 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Earth and Sky Trading Zone for the week:<\/span><\/i><\/b><\/p>\n<p><strong>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones for the week.<\/strong><\/b><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 155.62 and 157.60 levels<\/p>\n<p>Potential area to look for reaction: At the 154.75 ( main weekly pivot and 155.80 and 156.61 levels.<\/p>\n<p>Potential Profit take areas: At the 153.68 and 149.91 levels.<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man`s land<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Counter Trades:<\/span><\/i><\/b><\/p>\n<p>Potential Counter Trades: At the 151.65 and 149.91 levels<\/p>\n<p>Potential Profit take areas: At the 154.75 levels.(main weekly pivot)<\/p>\n<p><b>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 !!!<\/b><\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>Big drop last week on this pair&#8230;&#8230;possible roadblock at the weekly main pivot but I will prefer a pullback to 155.80 where I will re look to short.<\/p>\n<p><b>Correlation:<\/b>\u00a0This pair is\u00a0<b>POSITIVE CORRELATED (moving in the same direction)<\/b>\u00a0as the GBP\/Dollar pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n<p>\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&#8230;.<\/p>\n<p><strong>7)<\/strong><b>\u00a0<strong><span style=\"text-decoration: underline;\">Aussie\/Dollar on the<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a0DAILY \u00a0<strong>chart:<\/strong><\/span><\/b><\/p>\n<p>Difference between last week\u2019s open\/close: Min 103 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Earth and Sky Trading Zone for the week:<\/span><\/i><\/b><\/p>\n<p><strong>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones for the week.<\/strong><\/b><\/p>\n<p>Price is above the 200 EMA<br \/>\n34 EMA (sky) is above the 55 EMA (earth)<br \/>\nDirection: Long<br \/>\nPotential trading zone: Between the 0.7415 and 0.7261 levels<\/p>\n<p>Potential area to look for reaction: At the 0.7490 ( 38.2 fib) and 0.7444 and 0.7346 levels.<\/p>\n<p>Potential Profit take areas: At the 0.7723 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Counter Trades:<\/span><\/i><\/b><\/p>\n<p>Potential Counter Trades: At the 0.7723 and 0.7759 levels.<\/p>\n<p>Potential Profit take areas: At the 0.7490 levels<\/p>\n<p><b>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 !!!<\/b><\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>Looks like we might be ranging between 0.7490 and 0.7723 so keep an eye on these levels<\/p>\n<p>\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&#8230;.<\/p>\n<p><strong>8)<\/strong><b>\u00a0<strong><span style=\"text-decoration: underline;\">Aussie\/JPY on the<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a0DAILY<\/span>\u00a0<strong><span style=\"text-decoration: underline;\">chart:<\/span><\/strong><\/b><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 50 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Earth and Sky Trading Zone for the week:<\/span><\/i><\/b><\/p>\n<p><strong>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones for the week.<\/strong><\/b><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 83.24 and 84.51 levels<\/p>\n<p>Potential area to look for reaction: At the 82.74 and 83.24 and 83.87 levels.<\/p>\n<p>Potential Profit take areas: At the 81.00 and 80.68 and 79.84 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Counter Trades:<\/span><\/i><\/b><\/p>\n<p>Potential Counter Trades: At the 79.84 levels.<\/p>\n<p>Potential Profit take areas: At the 82.74 levels<\/p>\n<p><b>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 !!!<\/b><\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>Keep an eye on the main weekly pivot at 82.74 but I will prefer if we can get back up to 83.23 and 83.87 \u00a0where I will re look to short.<\/p>\n<p><b>Correlation:<\/b>\u00a0This pair is\u00a0<b>POSITIVE CORRELATED<\/b>\u00a0<b>(moving in the same direction)<\/b>\u00a0as the AUD\/USD pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n<p>\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&#8230;&#8230;&#8230;&#8230;<\/p>\n<p><strong>9)<\/strong><b>\u00a0<strong><span style=\"text-decoration: underline;\">USD\/JPY on the<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a04 hour<\/span>\u00a0<strong><span style=\"text-decoration: underline;\">chart:<\/span><\/strong><\/b><\/p>\n<p>Difference between last week\u2019s open\/close: Min 333 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Earth and Sky Trading Zone for the week:<\/span><\/i><\/b><\/p>\n<p><strong>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones for the week.<\/strong><\/b><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 109.66 and 110.66 levels<\/p>\n<p>Potential area to look for reaction: At the 109.23 ( main weekly pivot) and 109.81 levels.<\/p>\n<p>Potential Profit take areas: At the 108.00 and 107.67 and 106.76 levels<\/p>\n<p>MACDEE Divergence: Yes !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<br \/>\nStochastic: Oversold<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Counter Trades:<\/span><\/i><\/b><\/p>\n<p>Potential Counter Trades: At the 107.67 and 106.76 levels.<\/p>\n<p>Potential Profit take areas: At the 109.23 ( main weekly pivot) levels.<\/p>\n<p><b>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 !!!<\/b><\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>Looks like we might have a double bottom at 107.67 with MACDEE divergence so the pullback is on the cards&#8230;&#8230;keep an eye on the weekly main pivot but I will prefer if we can get to the 109.81 level where I will re look to short.<\/p>\n<p>\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&#8230;.<\/p>\n<p><strong>10)<\/strong><b>\u00a0<strong><span style=\"text-decoration: underline;\">USD\/CAD on the<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a04 hour<\/span>\u00a0<strong><span style=\"text-decoration: underline;\">chart:<\/span><\/strong><\/b><\/p>\n<p>Difference between last week\u2019s open\/close: Min 55 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Earth and Sky Trading Zone for the week:<\/span><\/i><\/b><\/p>\n<p><strong>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones for the week.<\/strong><\/b><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 1.3051 and 1.3134 levels<\/p>\n<p>Potential area to look for reaction: At the 1.3052 levels.<\/p>\n<p>Potential Profit take areas: At the 1.2885 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Oversold<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Counter Trades:<\/span><\/i><\/b><\/p>\n<p>Potential Counter Trades: At the 1.2885 and 1.2800 levels.<\/p>\n<p>Potential Profit take areas: At the 1.3052 levels.<\/p>\n<p><b>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 !!!<\/b><\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>Currently at the WS1 pivot at 1.2885 with an oversold stochastic so possible support now for a counter trade back up to 1.3052 might be on the cards<\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..<\/p>\n<p><strong>11)<\/strong><b>\u00a0<strong><span style=\"text-decoration: underline;\">USD Index on the 4 hour chart:<\/span><\/strong><\/b><\/p>\n<p>Difference between last week\u2019s open\/close: Min 40 pips<\/p>\n<p><b><span style=\"text-decoration: underline;\">GAP TRADING:<\/span><\/b><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Earth and Sky Trading Zone for the week:<\/span><\/i><\/b><\/p>\n<p><strong>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky<\/strong><b>\u00a0Trading\u00a0<strong>Zones for the week.<\/strong><\/b><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 94.37 and 94.69 levels<\/p>\n<p>Potential area to look for reaction: At the 94.38 and 94.55 levels.<\/p>\n<p>Potential Profit take areas: At the 93.74 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Oversold<\/p>\n<p><b><i><span style=\"text-decoration: underline;\">Counter Trades:<\/span><\/i><\/b><\/p>\n<p>Potential Counter Trades: At the 93.74 and 93.34 levels.<\/p>\n<p>Potential Profit take areas: At the 94.38 levels.<\/p>\n<p><b>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 !!!<\/b><\/p>\n<p><b><span style=\"text-decoration: underline;\">Notes:<\/span><\/b><\/p>\n<p>Possible support at the WS1 pivot coming up but be careful&#8230;..if we make a new low follow it with your fib to get the adjusted zone for the week&#8230;&#8230;also keep an eye on what the Euro Index is doing<\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..<\/p>\n<p><span style=\"color: #808080;\"><em>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><\/span><\/p>\n<p>Have a good one mates<\/p>\n<p>Pierre \ud83d\ude1b<\/p>\n<p>`Learn from yesterday, Live for today and hope for tomorrow`<\/p>\n<p>You dont need to walk alone&#8230;<br \/>\nIf 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<p style=\"text-align: center;\"><a href=\"https:\/\/www.forexmentorpro.com\/blog\/mw-post\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/01\/728x90-.jpg \" width=\"728\" height=\"90\" alt=\"\" title=\"\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning everyone Hope you are all well and healthy this stunning morning Last week we had some big drops on the JPY pairs so surely there must be corrections on the way &#8211; back to our preferred Earth and Sky \u00a0zones where I will re look to short &#8211; trading with the main trend. [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","rank_math_focus_keyword":"","rank_math_description":"Join us for expert Forex insights and guidance. Don't navigate the Forex market alone. Discover trading strategies and community support for success.","rank_math_title":"","footnotes":""},"categories":[4],"tags":[22],"class_list":["post-197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-education","tag-you-dont-need-to-walk-forex-alone"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=197"}],"version-history":[{"count":1,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/197\/revisions"}],"predecessor-version":[{"id":219502,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/197\/revisions\/219502"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/241"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}