{"id":214693,"date":"2018-03-09T14:51:00","date_gmt":"2018-03-09T14:51:00","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=214693"},"modified":"2018-03-21T01:15:05","modified_gmt":"2018-03-21T01:15:05","slug":"very-good-week-at-fmp","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/very-good-week-at-fmp\/","title":{"rendered":"Very Good Week At FMP!!!"},"content":{"rendered":"

Good morning everyone. We had a very good week at FMP this week.<\/p>\n

How did you this week with us here at FMP?<\/p>\n

We had a couple of very nice trades this week that triggered from the levels Marc and I called on Sunday, Monday, and Tuesday during the webinar !!<\/p>\n

I think between us we up well over 350 odd pips this morning – so not bad….not bad at all.<\/h4>\n
\n

Marc:<\/strong><\/h4>\n<\/blockquote>\n

NZD\/Yen – \u00a090 pips long position.<\/p>\n

Euro\/Dollar – 35 pips long position (left it to run thro ECB meeting and got kicked out with the trailing stop)<\/p>\n

Euro\/GBP – 47 pips long position.<\/p>\n

\n

Pierre: <\/strong><\/h4>\n<\/blockquote>\n

Euro Index – 60 odd pips \u00a0= Counter short.<\/p>\n

Dollar\/CAD – 100 pips = Counter short.<\/p>\n

Aussie\/JPY – 50 pips \u00a0= Earth and Sky long.<\/p>\n

………………………………………………<\/p>\n

!!!!!!!! \u00a0 \u00a0 \u00a0 \u00a0 \u00a0382 pips \u00a0 \u00a0 \u00a0 \u00a0 \u00a0!!!!!!!!<\/strong><\/p>\n

………………………………………………<\/p>\n

Can you get to this level of trading?<\/h3>\n

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

All we want from you is your commitment , a hunger to learn and to have a positive attitude and the patience while you’re learning.<\/p>\n

To learn how to trade is not a sprint…..but a marathon!!<\/h4>\n

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\"\"<\/p>\n

Ok let’s see how we did with our analysis for the week.<\/p>\n

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1) Euro Index on the 4 hour chart:<\/u><\/h4>\n

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

I don’t have a feel for this index at the moment. I don’t like the way how price doesn’t respect the EMA`S at the 108.44 level.<\/p>\n

I will re look for resistance between 109.00 and 109.30 for possible shorts and support at 107.87 and 107.70 for possible longs.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Price broke the WR1 pivot to the upside at 109.08 but we hitting now the high area of 2 weeks ago…..at 109.30.<\/p>\n

I will keep my eyes on this for a short from here or at 109.59 where we have the WR2 pivot waiting to give resistance.<\/p>\n

Fridays notes: <\/u><\/strong><\/p><\/blockquote>\n

Price found the resistance I wanted at 109.59 and gave me a nice short opportunity back down to the 55 EMA.<\/p>\n

My stop was on the other side of the WR2 pivot at 109.59 and with yesterdays spike after the news came very close to it.<\/p>\n

Price got to my profit take at the 55 EMA and gave me 60 odd pips with a counter trade this week on this index.<\/p>\n

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2) Euro Dollar on the 4 hour chart:<\/u><\/h4>\n

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

I don’t have a feel for this pair at the moment. I don’t like the way how price doesn’t respect the EMA`S at the 1.2280 level.<\/p>\n

I will re look for resistance between the weekly resistance pivots at 1.2402 and 1.2488 for possible shorts and support at weekly support pivot at 1.2192 for possible long set ups.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Price broke the WR1 pivot to the upside at 1.2402 but we hitting now the high area of 2 weeks ago…..at 1.2431.<\/p>\n

I will keep my eyes on this for a short from here or at 1.2445 and 1.2488 where we have the WR2 pivot waiting to give resistance.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

Price found the resistance I wanted at 1.2446 just on the other side of the WR1 pivot point this week.<\/p>\n

We were way overbought and needed a correction.<\/p>\n

Price gave confirmation for a counter short this week after we had a trend line break on the 60 min chart.<\/p>\n

Price almost triggered the stop that was just on the other side of 1.2446 with yesterdays spike….but soon dropped from here reaching the main profit take at the 4 hour 200 EMA at the 50% fib at 1.2299 giving a 100 pips with this counter short.<\/p>\n

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3) Euro JPY on the 4 hour chart:<\/u><\/h4>\n

Currently I have an\u00a0Earth and Sky short zone<\/strong>\u00a0between 130.89 and 131.55 with areas to keep an eye on the 131.39 and 131.62 resistance areas where after I will re look to short this pair again.<\/p>\n

Possible counter longs\u00a0 at 129.35 and 129.00 support areas.<\/p>\n

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

Hitting key resistance this morning at the WR1 pivot so I want price to show me its slowing down here followed by a short set up.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Bumpy ride this one…..Price dropped from in the zone from the daily 200 EMA at 131.39 yesterday …..but with some news jumped bullish again breaking the WR1 pivot to the upside at 131.62…..just to drop back again and currently sitting on the 4 hour 55 EMA at 131.09.<\/p>\n

Bumpy so will leave it alone for now.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

Bumpy ride…….This once broke the EMA`s to the upside we have in the short zone….then broke it again to the downside so not as clear as some of the other pairs we had this week.<\/p>\n

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4) Euro GBP on the 4 hour chart:<\/u><\/h4>\n

Currently I have an\u00a0Earth and Sky short zone<\/strong>\u00a0between 0.8862 and 0.8816 with areas to keep an eye on the 0.8883 (38.2 fib) and 0.8863 and 0.8847 and 0.8843 support areas where after I will re look to long this pair again.<\/p>\n

Possible counter shorts at 0.8952 and 0.8997 support areas.<\/p>\n

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

If we make new high…..follow price with your fib to get the adjusted trading zone for the week.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Price touched our 38.2 fib level this week and burned fingers immediately – currently we getting close to our first profit take area at last week’s high at 0.8952….with a second one at 0.8997 if 0.8952 breaks to the upside.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

This one triggered the profit take area at 0.8952 and dropped back again.<\/p>\n

Big support area at the 38.2 fib area at 0.8893 where I will re look for possible long again while it holds as support.<\/p>\n

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\u00a05) GBP Dollar on the 4 hour chart:<\/u><\/h4>\n

Currently I have an\u00a0Earth and Sky short zone<\/strong>\u00a0between 1.3890 and 1.3979 with areas to keep an eye on the 38.2 fib at 1.3848 and 1.3864 and 1.3890 resistance areas where after I will re look to short this pair again.<\/p>\n

Possible counter longs\u00a0at 1.3712 and 1.3646 support areas.<\/p>\n

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

Keeping an eye on that 200 EMA at 1.3883 this morning to give resistance.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Price pulled in to our short zone…..but with news yesterday broke the 200 EMA at 1.3882 to the upside.<\/p>\n

I am still keen to short but will prefer price to break and close first under the 200 again before I will get excited.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

Price found the resistance we wanted at the psychological level at 1.3900 just on the other side of the roadblock EMA area in the trading zone……Price dropped back and we had a 4 hour candle that closed under the EMA`S at 1.3879 that was key for us before we wanted to short.<\/p>\n

Price dropped deeper and currently 84 pips up from entry area.<\/p>\n

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6) GBP JPY on the 4 hour chart:<\/u><\/h4>\n

Currently I have an\u00a0Earth and Sky short zone<\/strong>\u00a0between 147.49 and 148.74 with areas to keep an eye on the 38.2 fib at 146.88 and 147.66 and 148.00 resistance areas where after I will re look to short this pair again.<\/p>\n

Possible counter longs\u00a0 144.99 and 143.74 support areas.<\/p>\n

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

Hitting the earth and sky zone this morning so I will be keeping an eye on the 55 EMA at 147.66 for that short to set up from.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Price pulled back nicely to our short zone……and burned fingers yesterday at the 55 EMA at 147.55.<\/p>\n

This will stay a key resistance area for this pair.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

Twice price burned at the 55 EMA in the short zone at 147.50 and dropped back….but the volume\/momentum is just not there to give a strong move down to at least 146.00 – However we still had a 120 odd pip move from the 55 EMA this week.<\/p>\n

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7) Aussie Dollar on the 4 hour chart:<\/u><\/h4>\n

Currently I have an\u00a0Earth and Sky short zone<\/strong>\u00a0between 0.7803 and 0.7848 with areas to keep an eye on the 38.2 fib at 0.7787 and 0.7796 and 0.7826 resistance areas where after I will re look to short this pair again.<\/p>\n

Possible counter longs\u00a0 0.7713 and 0.7681 support areas.<\/p>\n

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

Hitting our first roadblock area this morning so will wait for solid resistance before looking for that short.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Price pulled nicely into our short zone and almost got to my main area at 0.7843\/49 where I wanted to short from.<\/p>\n

This will stay my resistance area where I will re look to short from if price do get there again.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

Price burned at the 55 EMA at 0.7841 twice this week giving us 50 odd pips per trade to the daily 200 EMA again.<\/p>\n

Will re look at the 0.7841\/45 where we have the daily 55 EMA and the 4 hour 200 EMA for possible short set ups again.<\/p>\n

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8) Aussie JPY on the 4 hour chart:<\/u><\/h4>\n

Currently I have an\u00a0Earth and Sky short zone<\/strong>\u00a0between 82.87 and 83.52 with areas to keep an eye on the 38.2 fib at 82.53 and 82.87 and 83.04 resistance areas where after I will re look to short this pair again.<\/p>\n

Possible counter longs at 81.56 and 80.90 support levels.<\/p>\n

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

Hitting our first roadblock area this morning so will wait for solid resistance before looking for that short<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Price pulled nicely into our short zone my forward order got triggered at the 55 EMA and psychological level at 83.00.<\/p>\n

This will stay my resistance area where I will re look to short from if price do get there again.<\/p>\n

I moved my stop in to under break even and will leave it open for now as I want price to drop to 82.00 and even as low as 81.49 for main profit take areas.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

Price burned at the 55 EMA in our short zone at 82.91 this week giving us 100 pips. Volume\/Momentum was low however and we didn’t get to the preferred profit take at last week’s low.<\/p>\n

Currently we breaking the 55 EMA to the upside so be careful as we might have a bullish move today.<\/p>\n

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9) Dollar JPY on the 4 hour chart:<\/u><\/h4>\n

Currently I have an\u00a0Earth and Sky short zone<\/strong>\u00a0between 106.45 and 107.05 with areas to keep an eye on at 106.27 and 106.51 resistance areas where after I will re look to short this pair again.<\/p>\n

Possible counter longs at 105.25 and 104.66 support areas.<\/p>\n

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

Hitting our first roadblock area this morning so will wait for solid resistance before looking for that short.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Very nice short here from our zone….second one in 2 weeks. Price pulled nicely to the short zone….found the resistance at our 50% fib at 106.45 and dropped back from there.<\/p>\n

Currently getting closer and closer to last week’s low at 105.25 where we have profit take on this one.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

Price pulled back after we got within 20 pips of our main profit take area at last week’s low at 105.25<\/p>\n

Price broke now the 55 EMA in our short zone to the upside……so be careful now.<\/p>\n

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10) Dollar CAD on the 4 hour chart:<\/u><\/h4>\n

Currently I have an\u00a0Earth and Sky long zone<\/strong>\u00a0between 1.2808 and 1.2711 with areas to keep an eye on the 38.2 fib at 1.2853 and 1.2800 1.2711 support areas where after I will re look to long this pair again.<\/p>\n

Possible counter shorts at 1.2997 and 1.3050 resistance areas.<\/p>\n

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

If we make new highs …..follow price with your fib to get the adjusted trading zone for the week.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

This one found the resistance I wanted at the WR1 pivot at 1.2997. I had a forward order that got triggered and got out with a homerun counter trade giving me a 100 pips on this pair yesterday.<\/p>\n

Price burned at the 34 EMA again<\/p>\n

Currently in no man’s land and possible triangle forming.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

Still in no man’s land……looks we trapped in a little triangle for now.<\/p>\n

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11) Dollar SGD on the DAILY chart:<\/u><\/h4>\n

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

Leaving alone now as we stuck in a triangle for now. We need to wait for a breakout.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Still trapped in the triangle….currently at the bottom trend line of the triangle.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

Still trapped in the triangle.<\/p>\n

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12) Dollar Index on 4 hour chart:<\/u><\/h4>\n

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

I don’t have a feel for this index at the moment. I don’t like the way how price doesn’t respect the EMA`S at the 90.14 level.<\/p>\n

I will re look for resistance between 90.78 and 90.85 for possible shorts and support at 89.34 for possible longs.<\/p>\n

Wednesdays notes: <\/u><\/strong><\/p><\/blockquote>\n

Price broke to the downside from the cluster EMA`s we have at 89.94.<\/p>\n

Currently getting closer to the first roadblock support area at the WS1 pivot at 89.34 where possible longs can set up.<\/p>\n

But make sure we have SOLID support first.<\/p>\n

Fridays notes:<\/u><\/strong><\/p><\/blockquote>\n

Price got within 6 pips from our support area at 89.34 before we had a bullish move again.<\/p>\n

Currently we camping out at the 4 hour main weekly pivot and 200 EMA so possible short can set up from here if we find solid resistance.<\/p>\n

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Have a super weekend !!<\/p>\n

Regards<\/p>\n

Pierre<\/p>\n

PS: MAKE THE VIDEO CLIP BIGGER TO SEE THE LEVELS MORE CLEARLY !!!<\/strong><\/p>\n