{"id":2061,"date":"2017-03-28T13:58:42","date_gmt":"2017-03-28T12:58:42","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=2061"},"modified":"2024-05-24T14:53:54","modified_gmt":"2024-05-24T13:53:54","slug":"earth-sky-analysis-28-march-2017","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/Earth-and-Sky-Live-Training-Session-Invitation","title":{"rendered":"Earth &#038; Sky Live Training Session Invitation"},"content":{"rendered":"<p><img decoding=\"async\" class=\"size-full wp-image-644 aligncenter\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2016\/08\/african-guy-400x250.jpg\" alt=\"\" width=\"400\" height=\"250\" title=\"\" srcset=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2016\/08\/african-guy-400x250.jpg 400w, https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2016\/08\/african-guy-400x250-300x188.jpg 300w, https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2016\/08\/african-guy-400x250-320x200.jpg 320w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/p>\n<p>Good morning everyone.<\/p>\n<p>What&#8217;s up and what`s down this morning?<\/p>\n<p>Well the spaghetti indicator tells us nothing is up or down and that we very flat this morning.<\/p>\n<p><strong>HOWEVER&#8230;&#8230;&#8230;&#8230;&#8230;.<\/strong><\/p>\n<p>The Euro\/Dollar, GBP\/JPY, USD\/JPY and the USD\/CAD and Dollar Index all oped with GAP`s this week. Most of them are still open so I will be keeping an eye on them as 90% of the time GAP`s do close.<\/p>\n<p><strong>For more about GAP trading<\/strong>&#8230;&#8230;..Go to the education tab and then look for the Other Trading Strategies tab and then for the GAP trading strategy<\/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>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-29029 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/03\/webinartemplate.png\" alt=\"\" width=\"212\" height=\"152\" title=\"\"><\/p>\n<blockquote><p><strong>Webinar:<\/strong><\/p>\n<p>Please register for Forex Mentor Pro Live Training on Mar 30, 2017 11:00 AM BST at:<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/attendee.gotowebinar.com\/register\/4630879474978732546\" target=\"_blank\" rel=\"noopener\">https:\/\/attendee.gotowebinar.com\/register\/4630879474978732546<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Live training session with Marc Walton. Pierre du Plessis &amp; Judith Waker. The team will assess fundamentals, M2 Earth &amp; Sky &amp; the trigger system for potential trades. Followed by a Q &amp; A session<\/p>\n<p>&nbsp;<\/p>\n<p>After registering, you will receive a confirmation email containing information about joining the webinar.<\/p><\/blockquote>\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)\u00a0`Red Flag News`<\/strong><em><strong>\u00a0<\/strong><\/em><strong>that can make you lose your pants if you are not careful.<\/strong><em><strong>\u00a0<\/strong><\/em><strong>\ud83d\udca1<\/strong><\/p>\n<p>You can use the following web site for\u00a0<strong>`SCHEDULED NEWS`<\/strong>\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<u>\u00a0trades\u00a0<\/u>just before\u00a0<\/strong><em><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<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><strong>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>&#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>2) Where is the\u00a0`Forum Hang out Spot`\u00a0that everyone is talking about?<\/strong><\/p>\n<p>On the top of this main page, go to the\u00a0` Forum`\u00a0Tab and click on it&#8230;&#8230;.once in there, look for\u00a0`Main forum and Current weeks trades`\u00a0and click on it&#8230;&#8230;&#8230;Once in there look for\u00a0`Pierre`s Earth and Sky 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;easy as pips! \ud83d\ude09<\/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<\/p>\n<p><strong>3) This week`s Analysis:<\/strong><\/p>\n<p>This is my current `Earth and Sky\u00a0Trading\u00a0Zones` \u2013\u00a0Please take note of the time frames I am looking at.<\/p>\n<p>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.<\/p>\n<p>If you new to the `Earth and Sky` please make sure to read the supporting notes for this system &#8211; Look for unit \u00a0in the education area under Earth and Sky System.<\/p>\n<p>Go to the\u00a0`Education Tab`\u00a0here in the main blog and look for the\u00a0<u>`Earth and Sky\u00a0Trading\u00a0System`<\/u>\u00a0where you will\u00a0find helpful videos using this system.<\/p>\n<p>Remember to have a look at some of the other methods we teach here at\u00a0Forex\u00a0Mentor Pro too.<\/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><u>What&#8217;s the spaghetti indicator (RS All Indi) telling us<\/u><\/strong><strong>?<\/strong><\/p>\n<p>The spaghetti indicators shows us that we a little flat at the moment on all currencies so I will be keeping an eye on this Indi to tell me later on if any currencies are getting overbought\/oversold once we above the 8 line and min 8 line.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-29017 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/03\/1spag.png\" alt=\"\" width=\"626\" height=\"182\" title=\"\"><\/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>Let&#8217;s have a look what&#8217;s cooking in the Forex Kitchen !! \u00a0<\/strong><\/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><u>1)<\/u><\/strong><u>\u00a0<strong>Euro\/Dollar on the 4 hour chart:<\/strong><\/u><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 102 is<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? YES !!!!!!!!!!!!!!!!!!!!!!!!!!!<\/p>\n<p>Did the gap close? NO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<\/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;<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/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\u00a0Trading\u00a0Zones for the week.<\/strong><\/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 1.0816 and 1.0769 levels<\/p>\n<p>Potential area to look for reaction: At the 1.0816 and 1.0802 and 1.0781 levels.<\/p>\n<p>Potential Profit take areas: At the 1.0850 and 1.0892 levels.<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Coming out of overbought area.<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 1.0892 and 1.0909 levels.<\/p>\n<p>Potential Profit take areas: At the 1.0816 levels<\/p>\n<p><strong>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<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>We opened with a GAP this week that`s still open so potential shorts can be on the cards so that the GAP can close.<\/p>\n<p><strong>Correlation:<\/strong>\u00a0This pair is\u00a0<strong>POSITIVE 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<p><strong>Also remember:<\/strong>\u00a0This pair is `<strong>NEGATIVE CORRELATED` (moving in the opposite direction)<\/strong>\u00a0as the Dollar\/CHF pair. Be careful;\u00a0<strong>DO NOT OVER EXPOSE YOUR ACCOUNT BY PLACING OPPOSITE TRADES ON THESE TWO PAIRS.<\/strong><\/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><u>3)\u00a0Euro\/JPY on the\u00a04 hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 114 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? No<\/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><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/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\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n<p>Price is under\u00a0 the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 120.59 and 121.22 levels<\/p>\n<p>Potential area to look for reaction: At the 120.51 and 120.75 levels.<\/p>\n<p>Potential Profit take areas: At the 122.50 and 122.89 and 123.67 levels.<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land.<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 118.87 levels.<\/p>\n<p>Potential Profit take areas: At the 119.98 and 120.36 levels<\/p>\n<p><strong>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<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Wait for price to come to you.<\/p>\n<p><strong>Correlation:<\/strong>\u00a0This pair is\u00a0<strong>POSITIVE 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<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><u>4)\u00a0Euro\/GBP on the\u00a0DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 8 pips<\/p>\n<p><u>GAP TRADING:<\/u><\/p>\n<p>Did we open with a gap this week? YES !!!!!!!!!!!!!!!!!!!!!!!!!!!<\/p>\n<p>Did the gap close? YES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<\/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><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/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\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n<p><strong>LAST WEEK WE CLOSED MIN 8 PIPS LOWER THAN THE OPENING. The direction is mixed on the 4 hour but still long on the daily&#8230;..that is why I had to fib the daily chart.<\/strong><\/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 0.8595 and 0.8499 levels<\/p>\n<p>Potential area to look for reaction: At the 0.8629\/19 and 0.8547 and 0.8528 levels.<\/p>\n<p>Potential Profit take areas: At the 0.8727 and 0.8787 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 0.8727 and 0.8787 levels.<\/p>\n<p>Potential Profit take areas: At the 0.8666 levels<\/p>\n<p><strong>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<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>If the 55 EMA at 0.8619 breaks to the downside for some reason&#8230;.be careful as we can drop to the monthly main pivot and 200 EMA at 0.8528.<\/p>\n<p><strong>Correlation<\/strong>: This pair is\u00a0<strong>POSITIVE 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<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><u>5)\u00a0GBP\/Dollar on the\u00a04 hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 132 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? No<\/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><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/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\u00a0Trading\u00a0Zones for the week.<\/strong><\/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 1.2475 and 1.2405 levels<\/p>\n<p>Potential area to look for reaction: At the 1.2461 and 1.2446\u00a0 and 1.2405 levels<\/p>\n<p>Potential Profit take areas: At the 1.2586 levels<\/p>\n<p>MACDEE Divergence: Yes !!!!!!!!!!!!!!!!!<br \/>\nStochastic: Overbought<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 1.2586 and 1.2616 levels.<\/p>\n<p>Potential Profit take areas: At the 1.2461 levels<\/p>\n<p><strong>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<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>If the 55 EMA at 1.2446 breaks for some reason&#8230;.be careful as we can drop then to the 1.2400 level where we have some EMA`S and a WS1 pivot point.<\/p>\n<p><strong>Correlation:<\/strong>\u00a0This pair is\u00a0<strong>POSITIVE 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<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><u>6)\u00a0GBP\/JPY on the\u00a04 hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 118 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? YES !!!!!!!!!!!!!!!!!!!!!!!!!!!<\/p>\n<p>Did the gap close? YES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<\/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><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/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\u00a0Trading\u00a0Zones for the week.<\/strong><\/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 139.08 and 139.75 levels<\/p>\n<p>Potential area to look for reaction: At the 139.13 levels.<\/p>\n<p>Potential Profit take areas: At the 137.75 and 137.25 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 137.25 levels.<\/p>\n<p>Potential Profit take areas: At the 138.84 levels<\/p>\n<p><strong>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<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>If we break the 55 EMA to the upside for some reason&#8230;&#8230;next resistance level will be at 139.92 where I will re look to short.<\/p>\n<p><strong>Correlation:<\/strong>\u00a0This pair is\u00a0<strong>POSITIVE 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<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><u>7)\u00a0Aussie\/Dollar on the\u00a0DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 73 pips.<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/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><strong><u>Notes:<\/u><\/strong><\/p>\n<p>We breaking key support this morning so I will be sitting on my hands for now. Possible short set up from the 4 hour 200 EMA at 0.7622 or possible longs from the resistance pivot and daily 200 EMA at 0.7550.<\/p>\n<p><strong>Correlation:<\/strong>\u00a0This pair is\u00a0<strong>POSITIVE CORRELATED<\/strong>\u00a0<strong>(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<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><u>8)\u00a0Aussie\/JPY on the 4hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 244 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? No<\/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><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/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\u00a0Trading\u00a0Zones for the week.<\/strong><\/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 85.57 and 86.40 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 85.17\/29 and 85.96 and 86.14 levels.<\/p>\n<p>Potential Profit take areas: At the 83.90 levels<\/p>\n<p>MACDEE Divergence: YES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<br \/>\nStochastic: Oversold<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 83.83 levels.<\/p>\n<p>Potential Profit take areas: At the 85.00 and 85.43 levels.<\/p>\n<p><strong>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<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Big support roadblock coming up at the daily 200 EMA at 84.00 and 83.83 levels.<\/p>\n<p><strong>Correlation:<\/strong>\u00a0This pair is\u00a0<strong>POSITIVE CORRELATED<\/strong>\u00a0<strong>(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>\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><u>9)\u00a0USD\/JPY on the\u00a04 hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 213 \u00a0pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? YES !!!!!!!!!!!!!!!!!!!!!!!!!!!<\/p>\n<p>Did the gap close? NO \u00a0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<\/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><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/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\u00a0Trading\u00a0Zones for the week.<\/strong><\/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 111.55 and 112.26 levels<\/p>\n<p>Potential area to look for reaction: At the 111.22 ( 38.2 fib)\u00a0 and 111.84 levels.<\/p>\n<p>Potential Profit take areas: At the 110.14 levels<\/p>\n<p>MACDEE Divergence: YES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<br \/>\nStochastic: Oversold<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 109.70 levels.<\/p>\n<p>Potential Profit take areas: At the 111.18 levels.<\/p>\n<p><strong>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<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Currently in no man`s land. Wait for price to come to you..<\/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><u>10)\u00a0USD\/CAD on the\u00a0DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 6 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/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\u00a0Trading\u00a0Zones for the week.<\/strong><\/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 1.3258 and 1.3120 levels.<\/p>\n<p>Potential area to look for reaction: At the 1.3323 ( 38.2 fib) and at 1.3237 levels.<\/p>\n<p>Potential Profit take areas: At the 1.3426 and 1.3450 and 1.3538 levels.<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 1.3426 levels.<\/p>\n<p>Potential Profit take areas: At the 1.3296 and 1.3323 levels.<\/p>\n<p><strong>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<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>We getting closer to the WR1 pivot and MR1 pivot so I am expecting resistance.<\/p>\n<p><strong>Correlation:<\/strong>\u00a0This pair is\u00a0<strong>POSITIVE CORRELATED<\/strong>\u00a0<strong>(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>&#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><u>11)\u00a0USD Index on the 4 hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 98 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? YES !!!!!!!!!!!!!!!!!!!!!!!!!!!<\/p>\n<p>Did the gap close? NO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<\/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><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/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\u00a0Trading\u00a0Zones for the week.<\/strong><\/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 99.66 and 100.07 levels.<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 99.46 and 99.66 and 99.95 levels<\/p>\n<p>Potential Profit take areas: At the 98.90 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Oversold<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 98.90 levels.<\/p>\n<p>Potential Profit take areas: At the 99.46 levels<\/p>\n<p><strong>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<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Currently we are in no man&#8217;s land. Wait for price to come to you.<\/p>\n<p><strong>Correlation:<\/strong>\u00a0Remember that the Dollar Index is negative correlated with the Euro Index \u00a0<strong>(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<p>This pair is\u00a0also\u00a0<strong>POSITIVE CORRELATED<\/strong>\u00a0<strong>(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>&#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><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><\/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><strong><u>Remember to make the video clip bigger to see the levels more clearly!<\/u><\/strong><\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/9oPcHK1-b3Q\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>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<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. What&#8217;s up and what`s down this morning? Well the spaghetti indicator tells us nothing is up or down and that we very flat this morning. HOWEVER&#8230;&#8230;&#8230;&#8230;&#8230;. The Euro\/Dollar, GBP\/JPY, USD\/JPY and the USD\/CAD and Dollar Index all oped with GAP`s this week. Most of them are still open so I will be [&hellip;]<\/p>\n","protected":false},"author":177,"featured_media":644,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-2061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-analysis"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/2061","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\/177"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=2061"}],"version-history":[{"count":1,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/2061\/revisions"}],"predecessor-version":[{"id":219482,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/2061\/revisions\/219482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/644"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=2061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=2061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=2061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}