{"id":215887,"date":"2020-05-04T11:47:54","date_gmt":"2020-05-04T10:47:54","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=215887"},"modified":"2024-05-24T00:17:24","modified_gmt":"2024-05-23T23:17:24","slug":"trading-longer-timeframes-another-200-pip-chf-winning-week","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/trading-longer-timeframes-another-200-pip-chf-winning-week\/","title":{"rendered":"Trading Longer Timeframes: Another 200 Pip Chf Winning Week"},"content":{"rendered":"

Hi, the Chf short worked for 200 pips profit again last week, from pre-planned analysis on a weekly chart.<\/p>\n

This is a copy of the type of analysis and trade plan I shared with members every Sunday over the last 11 years.<\/p>\n

I explain in advance what I intend to trade and why using the systems we teach.<\/p>\n

The Aud\/Yen also gave a weekly entry that went 130 pips, SO the longer time frame setups are working, but there are not so many of them setting up right now.<\/p>\n

Having said that, if you can gain 200 pips in a week from 1 trade and walk away who cares!<\/p>\n

The M2 \/ Earth & SKy combined strategy is also working well, although its a lot more hands-on and time-consuming.<\/p>\n

The Week Ahead<\/strong><\/p>\n

I recorded the video on Saturday. If anything extraordinary, including a Trump rant on Twitter changes everything then I might need to re-evaluate, if so I will update you in the live training session.<\/p>\n

\"\"MACD Divergence Everywhere<\/strong><\/p>\n

We haven’t seen much of this setup of late, but last week we saw the pattern form on a lot of the indices and forex pairs.<\/p>\n

I show in the video how this gives a clue as to future direction\/ or a reversal.<\/p>\n

As with all indicators, you can not use it in isolation BUT see the video for how “spookily accurate” it often is.<\/p>\n

Here is a link to register for this weeks live training session which takes place on Tuesday 5th May 2020 at 11.00am London time (BST\/GMT+1).<\/p>\n

Then we can have a more detailed, up to the minute look at what\u2019s happening and potential trades for the rest of the week.<\/p>\n

https:\/\/zoom.us\/<\/a><\/p>\n

I show in the video those I am leaving for now on longer timeframes and why.<\/p>\n

Gbp\/$ my bias is short. I will look for entries on the 30-minute charts, its a lot more difficult on longer time frames so no forward orders for me. The following are “areas of interest” on shorter time frames: 1.2500, 1.2700, 1.2800 and definitely 1.3000 to short<\/strong><\/p>\n

The Chf<\/strong> worked yet again last week for 200 pips. I will short again just below 0.9800 so I will be looking for that to pull back again.<\/p>\n

The Euro\/$<\/strong> I only want to short, an A grade for me is at 1.1100. Consider Earth & Sky and 30 minute to trade it, firstly from 1.1000.<\/p>\n

Euro\/Gbp<\/strong>: long at 0.8700\/8720<\/p>\n

Cad:<\/strong> Currently range-bound between 1.3850 and 1.4250 see the video on how to play it.<\/p>\n

Aud<\/strong> is messy now, see the video for possibilities.<\/p>\n

Be careful with all Yens, but if we see crazy spikes, look for the BIG areas where the price will probably run out of steam:<\/p>\n

$\/Yen:<\/strong> If it shoots back up to 109.00 I will short. If it drops from the current position I will look for an M2 short on a pullback.<\/p>\n

Aud\/Yen worked last week for 130 pip drop. I will <\/strong>short at 70.00<\/p>\n

Cad Yen<\/strong> I am looking to short at 80.00<\/p>\n

Euro\/Yen:<\/strong> Not my favourite pair but 120.00 is huge on this pair so I will short if it shoots up to there<\/p>\n

New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.<\/p>\n

We are NOT a \u201ctipping service\u201d our aim is to teach you how to trade for yourself.<\/p>\n

For more up to the minute, updates do not forget to drop by the forum.<\/p>\n

Watch the video for more detailed explanations of this week\u2019s detailed analysis and trade plan.<\/p>\n

Click on the square button bottom right to watch in full-screen mode<\/p>\n

 <\/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<\/strong><\/p>\n

\"\"<\/a><\/p>\n