{"id":217483,"date":"2021-04-15T10:54:07","date_gmt":"2021-04-15T09:54:07","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=217483"},"modified":"2021-04-15T10:54:07","modified_gmt":"2021-04-15T09:54:07","slug":"live-bitcoin-new-highs-forex-setups","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/live-bitcoin-new-highs-forex-setups\/","title":{"rendered":"Live: Bitcoin New Highs &#038; Forex Setups"},"content":{"rendered":"<p>Hi guys, in todays session I started with a quick look at the crypto markets. Bitcoin today broke $63,000 for the first time (we bought it at $8130 back in May last year) and members who joined our crypto site in October did so at $13.300 so its been incredibly profitable (sometimes wild) ride!<\/p>\n<p>Best of all many of our other portfolio coins and tokens have made considerably more profit and I believe that there is more to come in the next few months. However, you do need to know what you are doing, have a plan, rules, structure, discipline. Sounds familiar?<\/p>\n<p>Member Steven&#8217;s son failed to do so and even worse used leverage and managed to lose all his money and more \ud83d\ude41<\/p>\n<p>Check out my intro to Crypto course here: <a href=\"https:\/\/www.forexmentorpro.com\/members-area\/cryptocurrency-course\/\" target=\"_blank\" rel=\"noopener\">Crypto Course<\/a><\/p>\n<p>This week Pierre was struggling to find many Earth &amp; Sky setups so I focused on the bigger picture with M2 where there are plenty. I also went the other way and showed how to trade M3 on shorter timeframes when markets slow down.<\/p>\n<p>As ever flexibility and the ability to think on your feet wins the day.<\/p>\n<p>All explained in today&#8217;s recording<\/p>\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> <strong>(non-members will have to sign up to see the course)<\/strong> &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\/536457142\" 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>Hi guys, in todays session I started with a quick look at the crypto markets. Bitcoin today broke $63,000 for the first time (we bought it at $8130 back in May last year) and members who joined our crypto site in October did so at $13.300 so its been incredibly profitable (sometimes wild) ride! Best [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":216783,"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-217483","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\/217483"}],"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=217483"}],"version-history":[{"count":0,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/217483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/216783"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=217483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=217483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=217483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}