{"id":217056,"date":"2021-02-22T10:16:36","date_gmt":"2021-02-22T10:16:36","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=217056"},"modified":"2021-02-22T10:16:36","modified_gmt":"2021-02-22T10:16:36","slug":"earth-sky-zone-entry-stop-targets","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/earth-sky-zone-entry-stop-targets\/","title":{"rendered":"Earth &#038; Sky: Zone&#8230;..Entry&#8230;..Stop&#8230;..Targets."},"content":{"rendered":"<p>Hi&#8230;..<\/p>\n<p>A question from one of our members:<\/p>\n<p><span style=\"color: #3366ff;\"><em>I have tried many systems and spent a lot of money on these systems trading through the years.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>Forexmentorpro.com is the best site that I have used in trading forex. This says a lot because I have used them all.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>Your system is the first one that makes perfect sense to me. The problem is that I have not profited trading your system.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>Can you explain what the profit targets are once you enter.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>As well as how do you enter?<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>Your training video states you use the one hour but then it also states you use the 30 min.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>I am confused about entry.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>Maybe when you do your weekly analysis you can include some profit targets.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>I believe this would be a big help to traders using your system.<\/em><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em>Thanks.<\/em><\/span><\/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;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/p>\n<p>Last week we had a short zone on the USD\/SGD and I posted my analysis on Monday&#8230;.it said&#8230;..<\/p>\n<p><strong>12) USD\/SGD on the 4 hour chart:<\/strong><\/p>\n<p><strong>The direction indicator is short the 4 hour AND THE daily chart and we closed min 83 pips lower than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week\u2019s Earth and Sky trading zone. \u00a0\u00a0<\/strong><\/p>\n<p>Currently I have a short zone between 1.3293 and 1.3329 with areas to keep an eye on at 1.3282 (38.2 fib) and 1.3293 and 1.3310 areas again for possible shorts.<\/p>\n<p>Counter longs from the WS1 pivot at 1.3198 and WS2 at 1.3151 areas.<\/p>\n<p>Notes:<\/p>\n<p>If we make new lower lows without the correction follow price with your fib to get the adjusted short zone for the week.<\/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;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/p>\n<p><strong>Now let&#8217;s have a look how to do this&#8230;.<\/strong><\/p>\n<ul>\n<li><strong>The 4 hour chart:<\/strong> Price made new lower lows without any correction so we had to follow price with the fib to get the adjusted short zone&#8230;..the adjusted zone was now between 1.3287 and 1.3326<\/li>\n<li>Price pulled back into the zone &#8211; broke the 200 EMA to the upside BUT slammed resistance at the 1.3306 and 61.8 level just under the daily 55 EMA.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-46559 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2021\/02\/1-11.jpg\" alt=\"\" width=\"937\" height=\"722\" title=\"\"><\/p>\n<ul>\n<li>\u00a0Now we need to look at what the <strong>60 min chart<\/strong> is doing&#8230;.is price slowing down?<\/li>\n<li>Remember I look for MACD divergence on the 60 min chart to give me more confidence AS IT IS A WARNING SIGN PRICE CAN BUILD up for a short entry in this case. <strong>Do we have divergence ? YES !!! <\/strong><\/li>\n<li>I prefer my entries to be on the 30 min chart.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-46560 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2021\/02\/2-4.jpg\" alt=\"\" width=\"944\" height=\"785\" title=\"\"><\/p>\n<ul>\n<li>\u00a0I drop to the 30 min chart for my entry. Look for the 12\/26 EMA cross&#8230;..or a cross with a trend line break for more confirmation.<\/li>\n<li>Once we have a cross the stop will have to be above the previous high area<\/li>\n<li>Profit take areas will be at previous support\/resistance areas with the main one at least at last weeks low in this case<\/li>\n<li>Look at a line chart to see support\/resistance areas more clearly.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-46561 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2021\/02\/2-5.jpg\" alt=\"\" width=\"946\" height=\"732\" title=\"\"><\/p>\n<ul>\n<li>If we drop back to the 4 hour and place it on a line chart we can spot previous support\/resistance areas&#8230;as possible profit take areas and we can spot pivot points and last weeks low for possible profit take areas in this example.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-46562 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2021\/02\/3-2.jpg\" alt=\"\" width=\"937\" height=\"726\" title=\"\"><\/p>\n<p>Hope it helps.<\/p>\n<p>I will try and mention possible profit take areas with my analysis and see if I can post as above with other set ups during the week once we triggered entries so that everyone can get a better understanding of zones, entries,stops and profit take areas.<\/p>\n<p>Regards<\/p>\n<p>Pierre<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hi&#8230;.. A question from one of our members: I have tried many systems and spent a lot of money on these systems trading through the years. Forexmentorpro.com is the best site that I have used in trading forex. This says a lot because I have used them all. Your system is the first one that [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":216850,"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_lock_modified_date":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-217056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-articles"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/217056"}],"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=217056"}],"version-history":[{"count":0,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/217056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/216850"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=217056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=217056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=217056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}