{"id":216375,"date":"2020-09-25T11:38:54","date_gmt":"2020-09-25T10:38:54","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=216375"},"modified":"2020-09-25T11:42:48","modified_gmt":"2020-09-25T10:42:48","slug":"limited-earth-and-sky-trading-strategy","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/limited-earth-and-sky-trading-strategy","title":{"rendered":"Limited Earth and Sky Trading Strategy"},"content":{"rendered":"

Hi everyone. This is a copy of Pierre’s analysis for members following his Earth & SKy forex trading strategy.<\/p>\n

He posted this on Tuesday as usual as he doesn’t trade on a Monday (nor Friday’s)!<\/p>\n

Last week he had 14 potential trade set ups this week only. So as traders we need to be flexible. That’s why we have 3 different forex trading strategies:<\/p>\n

The M2 that is based around weekly and daily charts.<\/p>\n

Earth & Sky Forex trading Strategy on 4 hour charts<\/p>\n

M3 on a 30 minute. That way we can always find potential trades.<\/p>\n

This was Pierres’ analysis for this week:<\/p>\n

Looking at the pairs tonight then I only have 2 pairs that meet all the criteria to fib the 4 hour chars for the Earth and Sky trading zones.<\/p>\n

Remember I only want to trade from the 4 hour charts so everything needs to line up.<\/p>\n

If we in an uptrend then I want the direction indicator to show me long (green lights) on the 4 hour and daily and we must have a close above plus 50 pips for the previous week<\/p>\n

So the indicator will look like this…..<\/strong><\/p>\n

\"\"<\/p>\n

If we in a downtrend then I want the direction indicator to show me shorts (red lights) on the 4 hour and daily and we must have a close under min 50 pips for the previous week.<\/p>\n

So the indicator will look like this…..<\/strong><\/p>\n

\"\"<\/p>\n

The following are examples of the direction indicator that doesn’t meet all the requirements and doesn’t line up for me to trade the 4 hour charts.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

\"\"<\/p>\n

LETS HAVE A LOOK WHATS COOKING\u00a0 !!!<\/strong><\/p>\n

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

1) NZD\/CAD on the 4 hour chart:<\/strong><\/p>\n

Direction Indicator: The direction indicator is long on the 4 hour AND THE daily chart and we closed plus 155 pips higher than last week`s opening so we DID <\/u>meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone. \u00a0\u00a0<\/strong><\/p>\n

Currently I have a long zone between 0.8854 and 0.8811 with areas to keep an eye on 0.8854 and 0.8834 and 0.8811 for longs to set up from…..<\/p>\n

Counter shorts from the WR1 pivot at 0.8987 area.<\/p>\n

Notes:<\/p>\n

If we keep making new higher highs without the correction follow price with your fib to get the adjusted long zone for the week.<\/p>\n

If we DROP past the earth and sky long\u00a0 zone for some reason then look at a plan B area between the 4 hour 200 EMA at 0.8800 and last week’s low at 0.8768 to look for support to long from again.<\/p>\n

\"\"<\/p>\n

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

2) USD\/JPY on the 4\u00a0 hour chart:<\/strong><\/p>\n

Direction Indicator: The direction indicator is short on the 4 hour AND THE daily chart and we closed min 151 pips lower than last week`s opening so we\u00a0DID meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone. \u00a0\u00a0<\/strong><\/p>\n

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

With only 2 potential Earth and Sky pairs for me this week I had a look at some other pairs where we have good support or resistance levels where possible trades can set up from. Pairs that stands out for me……<\/p>\n

\n
    \n
  • USD\/CHF has a resistance level and WR2 pivot at 0.9193 where we might find resistance for a potential short to set up from again.<\/li>\n<\/ul>\n<\/blockquote>\n
    \n
      \n
    • USD\/CAD has resistance level at the MR1 pivot and daily 55 EMA at 1.3326 where we might find resistance for a potential short to set up from again.<\/li>\n<\/ul>\n<\/blockquote>\n
      \n
        \n
      • NZD\/JPY has support at the WS2 pivot and daily 200 EMA at 69.29 where we might find support for a potential long to set up from again.<\/li>\n<\/ul>\n<\/blockquote>\n
        \n
          \n
        • NZD\/USD had a long zone this week but price broke the earth and sky long zone HOWEVER we have a 4 hour 200 EMA at last weeks low at 0.6649 where we might find support for a potential long to set up from again.<\/li>\n<\/ul>\n<\/blockquote>\n
          \n
            \n
          • GBP\/NZD has a WR1 pivot and 4 hour 55 EMA at 1.9304 where we might find resistance for a potential short to set up from again.<\/li>\n<\/ul>\n<\/blockquote>\n
            \n
              \n
            • GBP\/CAD has a WR1 pivot at 1.7198 where we also have a daily 55 EMA and 4 hour 200 EMA where we might find resistance for a potential short to set up from again.<\/li>\n<\/ul>\n<\/blockquote>\n
              \n
                \n
              • GBP\/Dollar has a WS1 pivot and daily 200 EMA at last weeks low at 1.27557 where we might find support for a potential long to set up from again.<\/li>\n<\/ul>\n<\/blockquote>\n
                \n
                  \n
                • Euro\/NZD has a WR1 pivot at the 200 EMA and 55 EMA where we might find resistance for a potential short to set up from again.<\/li>\n<\/ul>\n<\/blockquote>\n
                  \n
                    \n
                  • Euro\/Aussie has a WR1 pivot and daily 55 EMA at previous resistance areas at 1.6346\u00a0 where we might find resistance for a potential short to set up from again.<\/li>\n<\/ul>\n<\/blockquote>\n

                    So keep an eye on the two this week…<\/p>\n

                    Regards<\/p>\n

                    Pierre<\/p>\n","protected":false},"excerpt":{"rendered":"

                    Hi everyone. This is a copy of Pierre’s analysis for members following his Earth & SKy forex trading strategy. He posted this on Tuesday as usual as he doesn’t trade on a Monday (nor Friday’s)! Last week he had 14 potential trade set ups this week only. So as traders we need to be flexible. […]<\/p>\n","protected":false},"author":35,"featured_media":216357,"comment_status":"closed","ping_status":"open","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":"","rank_math_title":"","footnotes":""},"categories":[4],"tags":[373,372],"class_list":["post-216375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-education","tag-earth-and-sky-forex-trading-strategy","tag-earth-and-sky-trading-strategy"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/216375","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\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=216375"}],"version-history":[{"count":0,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/216375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/216357"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=216375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=216375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=216375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}