{"id":216758,"date":"2021-01-18T10:31:06","date_gmt":"2021-01-18T10:31:06","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=216758"},"modified":"2021-01-18T10:38:11","modified_gmt":"2021-01-18T10:38:11","slug":"marcs-analysis-direction-first","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/marcs-analysis-direction-first\/","title":{"rendered":"Marc&#8217;s Analysis Direction First"},"content":{"rendered":"<p>Marc&#8217;s Analysis Direction First<\/p>\n<p>Hi guy,s I explained in last week&#8217;s post that there were BIG clues, both technical and fundamental that we would see some $USD strength.<\/p>\n<p>I explained that The practical significance of the technical and fundamental \u201cclues\u201d? &#8230;..&#8221;When it comes to trading do not be in a rush to buy at the recent highs nor sell at the bottom as per my analysis last week&#8221;<\/p>\n<p>Hopefully, you followed my lead, as a result of which you will have avoided losing trades. Half the battle when trading is to try to reduce the number of losing trades, by looking at the clues.<\/p>\n<p>If you missed the post (so you know what to look for next time), check it out now:<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"5P16Pa9DZk\"><p><a href=\"https:\/\/www.forexmentorpro.com\/blog\/weekly-analysis-looking-for-clues-strength\/\">Weekly Analysis: Looking for Clues $ Strength<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Weekly Analysis: Looking for Clues $ Strength&#8221; &#8212; Forex Mentor Pro - Blog\" src=\"https:\/\/www.forexmentorpro.com\/blog\/weekly-analysis-looking-for-clues-strength\/embed\/#?secret=5P16Pa9DZk\" data-secret=\"5P16Pa9DZk\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>In the live session, I also explained why fundamentals are important and how many new traders don&#8217;t really understand &#8220;what&#8217;s going on&#8221; in the forex (and other financial markets). Check out that post in my blog if you missed it.<\/p>\n<p>If you want to trade for clients and receive a substantial profit share you only need to make 3 to 5% per month. You can find a copy of the brochure here: <a href=\"https:\/\/www.forexmentorpro.com\/dl\/FMP_Funding_Brochure.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Trade for Clients<\/a><\/p>\n<p>We are currently revamping the funded accounts so traders will receive a larger profit share as they move up the account sizes (max is $2million). Also some of the restrictions on how many trades are needed to qualify will be reduced too. Details to follow later in the week.<\/p>\n<h4>Marc&#8217;s Analysis Direction First<\/h4>\n<h4><strong>The Forex Week Ahead.<\/strong><\/h4>\n<p>It is Martin Luther King Day (public holiday) in the USA therefore the markets may be slow. Incoming President, Biden announced a $1.9 Trillion covid package on Friday (print more fiat money) and the USD didn&#8217;t weaken- they are all doing it, and Trump would have had to do something similar, so its not just the USA). My thinking is that there could be a &#8220;honeymoon&#8221; period (if this week passes peacefully) for the new administration.<\/p>\n<p><img decoding=\"async\" class=\"alignleft wp-image-46288 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2021\/01\/confusing-sign-post.png\" alt=\"Marc&#039;s Analysis Direction First\" width=\"400\" height=\"265\" title=\"\">There has been very little scheduled news in the last month, but that all changes this coming week.<\/p>\n<p>There are interest rate &amp; monetary policy statements due out for the Cad, Yen &amp; \u20acuro economies and jobs figures for Australia so we revert to normal practise.<\/p>\n<p>Do not take trades a few hours before or after these events.<\/p>\n<p>Price did reject at the tops\/bottoms of the majors as expected.<\/p>\n<p>They have mainly drifted nearer to my entries so most of the analysis is the same. I am waiting patiently for price to come to me.<\/p>\n<p>There are a lot of pairs that look technically very tempting, don\u2019t take too many at once. If price doesn&#8217;t pullback then look at 4 hour charts and even the M3.<\/p>\n<p><strong>\u20acuro\/$: same as last week: <\/strong>1.2020 multiple reasons for a possible long. Intraday watch the current area on a 4 hour chart for a move back up.<\/p>\n<p><strong>Chf: <\/strong>I rarely trade it but 0.9230 is worth watching for a short. The better area is all the way back up at 0.9590- it seems unlikely now, but you never know with forex.<\/p>\n<p><strong>Euro\/Gbp: Weekly\/Daily <\/strong>Leaving for now. Need to see clear direction after Brexit. <strong>4 Hour:<\/strong> Price is currently in a range and bouncing off support at 0.8870 so look there for entries. See the video.<\/p>\n<p><strong>Gbp\/$: 1.3340 looks good\u00a0<\/strong>for a possible long. If there is a bigger pullback then 1.3210 is the next. Considering splitting the trade in half, risk 50% at each.<\/p>\n<p><strong>$\/Yen: I only want to short<\/strong>\u00a0106.80 is the area for me.<\/p>\n<p><strong>Cad:\u00a0<\/strong>broke below 1.3000 which was HUGE previous support &amp; resistance. 1.2990 is the spot for me to short it.\u00a0<em><strong>Possible swing trade<\/strong><\/em>\u00a0around 1.2600 with monthly 200ema to tuck the stop behind.\u00a0 See the video.<\/p>\n<p><strong>Nzd: <\/strong>Possible longs at 0.7070. If that fails I would long again if it drops to 0.7000<\/p>\n<p><strong>Aud<\/strong>: 0.7350 long is the most conservative\/strongest, but it may not get there. Another possibility is a short if price breaks down sd and closes on a daily candle- see the video.<\/p>\n<p><strong>Euro\/Yen\u00a0<\/strong>124.60\/125.00 is a long for me.\u00a0<em><strong>Possible swing trade\u00a0<\/strong><\/em>127.70 see the video.<\/p>\n<p><strong>Cad\/Yen<\/strong>\u00a080.00\/ 80.50 long.\u00a0<em><strong>Possible swing trade 82.50.<\/strong><\/em><\/p>\n<p><strong>Aud\/Yen:<\/strong>\u00a0Looking to long at 79.00\u00a0<em><strong>Possible swing trade 83.30<\/strong><\/em><\/p>\n<p><strong>Euro\/Aud:<\/strong> Thanks to Ashley I longed this last week (swing trade) near the bottom. That is an option once more or a short at 1.5790<\/p>\n<h5>Marc&#8217;s Analysis Direction First<\/h5>\n<p><strong>M3 Shorter timeframes<\/strong><\/p>\n<p>See the\u00a0<a href=\"https:\/\/www.forexmentorpro.com\/members-area\/course\/m3-day-trading-strategy\/\" target=\"_blank\" rel=\"noopener noreferrer\">new course<\/a>\u00a0&amp; recent blog posts as to how I do this: I do my analysis on daily and weekly charts first and make a note of the MAJOR areas of support and resistance. Then copy them on to Pierre\u2019s Earth and sky template. Then I make a note of the weekly &amp; monthly pivots points and add them to the charts. You will see lots of opportunities line up during the week. The important thing then is to select a bias for the next few days and do NOT take trades if the price is too near a trend line or pivot. Ideally, you want to buy when the price is near a major support and or pivot point line and has the potential to make at least 40 pips. Vice versa for a short.<\/p>\n<p>New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above &amp; 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<p>We are NOT a \u201ctipping service\u201d our aim is to teach you how to trade for yourself.<\/p>\n<p>For more up to the minute, updates do not forget to drop by the forum.<\/p>\n<p>Watch the video for more detailed explanations of this week\u2019s analysis and trade plan.<\/p>\n<p><iframe src=\"https:\/\/player.vimeo.com\/video\/501215892\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: center;\"><strong>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<p style=\"text-align: center;\"><a href=\"https:\/\/www.forexmentorpro.com\/blog\/mw-post\" target=\"_blank\" rel=\"noopener noreferrer\"><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>Marc&#8217;s Analysis Direction First Hi guy,s I explained in last week&#8217;s post that there were BIG clues, both technical and fundamental that we would see some $USD strength. I explained that The practical significance of the technical and fundamental \u201cclues\u201d? &#8230;..&#8221;When it comes to trading do not be in a rush to buy at the [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":216761,"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":[2],"tags":[],"class_list":["post-216758","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\/216758","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=216758"}],"version-history":[{"count":0,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/216758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/216761"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=216758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=216758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=216758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}