ALWAYS TRADE\u00a0WITH A STOP!\u00a0<\/strong><\/p>\nStill don\u2019t believe me? Then you must be new to Forex Trading<\/p>\n
Have a look at what the Swiss did to the market on the 15th of January 2015!!<\/p>\n
You would have lost the shirt on your back, your house, your car, your personality and your virginity for a 2nd time if you didn\u2019t have a stop in place!!! \ud83d\udc7f<\/strong><\/p>\n……………………………………………………………….<\/strong><\/p>\n![\"\"](\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/08\/43for.png\" "\\"\\"")
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2) Where is the\u00a0`Forum Hang out Spot`\u00a0that everyone is talking about?<\/strong><\/em><\/p>\nOn the top of this main page, go to the \u00a0FORUM TAB and click on it…….once in there, look for\u00a0`MAIN FORUM AND CURRENT WEEKS TRADES TAB`\u00a0and click on it………Once in there look for\u00a0`Pierre`s Earth and Sky Trading\u00a0week `and click on it……..once in there, look for the current week`s thread tab\u00a0and click on it………..easy as pips! \ud83d\ude09<\/strong><\/em><\/p>\n\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n3) This week`s Analysis:<\/strong><\/p>\nThis is my current `Earth and Sky\u00a0Trading\u00a0Zones` \u2013\u00a0Please take note of the time frames I am looking at.\u00a0\u2757<\/strong><\/p>\nSometimes I will refer to\u00a0`The mother in law`\u00a0in my video`s or in my write up. The mother in law represents the 200 EMA (the pink line) on that specific time frame.<\/strong><\/p>\nIf you new to the `Earth and Sky`\u00a0method, please make sure you download your free e-book.<\/strong><\/p>\nGo to the\u00a0`Forex\u00a0Education Tab`\u00a0here in the main blog and look for the `Earth and Sky\u00a0Trading\u00a0<\/u>System`\u00a0where you will\u00a0find helpful videos using this system and some Indi`s I use.<\/strong><\/p>\nRemember to have a look at some of the other methods we teach here at\u00a0Forex\u00a0Mentor Pro too.<\/strong><\/p>\n\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\nLet’s have a look what`s cooking in the FOREX kitchen this morning:<\/strong><\/p>\n1) Euro Dollar on the DAILY chart:<\/u><\/strong><\/p>\nNotes: <\/u><\/strong><\/p>\nCurrently sitting JUST UNDER the cluster of EMA`S at 1.1790.<\/p>\n
The Head and Shoulder pattern I showed you on Friday is still in play……also looks like we trapped in a triangle on the daily too.<\/p>\n
If we break the triangle to the downside I will look to short to the \u00a0neckline at 1.1700 or the MS1 pivot at 1.1656 where after I will re look for support to long again if it holds as support…remember we still have the Head and Shoulder pattern in play so be careful.<\/p>\n
The neckline for the head and shoulder pattern is at 1.1700 \u00a0and 1.1656 so that need to break first if we want to trade the pattern to the upside to at least the daily 200 EMA at 1.1435..<\/p>\n
……………………………………………………………….<\/strong><\/p>\n2) Euro JPY on the DAILY chart:<\/u><\/strong><\/p>\n*Last week we closed only 8 pips higher than the opening but the trend is still up so we couldn’t fib the 4 hour for the zone as it was to flat – we had to fib the daily chart to get the long \u00a0zone.*<\/strong><\/em><\/p>\nCurrently I have an\u00a0Earth and Sky long zone<\/strong>\u00a0between 131.85 and 130.64 with areas to keep an eye on at the 131.83 and 131.27 and 130.74 support areas where after I will re look to long this pair again.<\/p>\nPossible counter shorts at 133.12 and 134.02 and 134.61 resistance levels.( Weekly pivot areas)<\/p>\n
Notes: <\/u><\/strong><\/p>\nWait for confirmation before you just jump in with a long.<\/p>\n
……………………………………………………………….<\/strong><\/p>\n3) Euro GBP on the DAILY chart :<\/u><\/strong><\/p>\nNotes: <\/u><\/strong><\/p>\nThe 4 hour direction Indi is all mixed up……the daily direction Indi is also all mixed up with the directions.<\/p>\n
I will however look for possible short set ups from the 4 hour and daily 55 EMA`S at 0.8949 and at 0.9000 where we had previous resistance<\/p>\n
and possible long set ups from the daily 200 EMA at 0.8813 level.<\/p>\n
……………………………………………………………….<\/strong><\/p>\n\u00a04) GBP Dollar on the 4 hour\u00a0 chart:<\/u><\/strong><\/p>\nCurrently I have an\u00a0Earth and Sky long zone<\/strong>\u00a0between 1.3210 and 1.3144 with areas to keep an eye on at the 38.2 fib at 1.3241 and 1.3213 support areas where after I will re look to long this pair again.<\/p>\nPossible counter shorts at 1.3341 and 1.3396 resistance levels.<\/p>\n
Notes: <\/u><\/strong><\/p>\nCurrently we sitting on the 1st roadblock area at the 38.2 fib area at 1.3241 so I will be keeping an eye on possible support followed by a long set up – if we break to the downside for some reason I will re look at the 200 EMA at 1.3210 and the 55 EMA at 1.3179 for support followed by a long set up again.<\/p>\n
……………………………………………………………….<\/strong><\/p>\n5) GBP JPY on the DAILY chart:<\/u><\/strong><\/p>\nCurrently I have an\u00a0Earth and Sky long zone<\/strong>\u00a0between 147.02 and 144.18 with areas to keep an eye on at the 38.2 fib at 148.40 and 148.00 and 147.50 \u00a0and 146.77 support areas where after I will re look to long this pair again.<\/p>\nPossible counter shorts 149.55 and 150..42 and 151.59 resistance levels (weekly pivots)<\/p>\n
Notes: <\/u><\/strong><\/p>\nWhile the daily 200 EMA at 144.18 holds my bias will be to look for long set ups. LOOKS LIKE WE HAVE A TRIANGLE TO – so with the bias to long…..wait for triangle to break to the upside first.<\/p>\n
………………………………………………………………<\/strong><\/p>\n6) Aussie Dollar on the DAILY chart:<\/u><\/strong><\/p>\nNotes: <\/u><\/strong><\/p>\nThe 4 hour direction Indi is all mixed up……the daily direction Indi is also all mixed up with the directions.<\/p>\n
My plan is to re look for longs from the support level at the daily 200 EMA at 0.7740 or the MS1 pivot at 0.7713<\/p>\n
and possible shorts again from the daily 55 EMA at 0.7873 or 0.7900\/19 area where we have the main monthly pivot point.<\/p>\n
………………………………………………………………<\/strong><\/p>\n7) Aussie JPY on the DAILY and WEEKLY chart:<\/u><\/strong><\/p>\nNotes: <\/u><\/strong><\/p>\nI don’t like this pair at the moment. Price doesn’t respect the EMA`s anymore. and breaks the cluster EMA`S at 87.86 up and down up and down !!<\/p>\n
Will re look to short from the MR1 pivot at 90.00 and long from the bull trend line we have on the weekly chart at 87.68.<\/p>\n
………………………………………………………………<\/strong><\/p>\n8) Dollar JPY on the DAILY chart:<\/u><\/strong><\/p>\n*Last week we closed min 68 pips lower than the opening but the trend is still up so we couldn’t fib the 4 hour for the zone – we had to fib the daily chart to get the long \u00a0zone.*<\/strong><\/em><\/p>\nCurrently I have an\u00a0Earth and Sky long zone<\/strong>\u00a0between \u00a0110.38 and 108.85 with areas to keep an eye on the 38.2 fib at 111.61\/38\/15 and 111.00 support areas where after I will look to long this pair.<\/p>\nPossible counter shorts at 112.57 and 113.27 and 113.44 resistance levels.<\/p>\n
Notes: <\/u><\/strong><\/p>\nWe have loads of EMA`S at the 38.2 fib area with my last line in the sand at 111.00.<\/p>\n
While this level at 111.00 holds my bias will be to look for long set ups !<\/p>\n
………………………………………………………………<\/strong><\/p>\n9) Dollar CAD on the DAILY chart:<\/u><\/strong><\/p>\nNotes: <\/u><\/strong><\/p>\nCurrently sitting on the cluster of EMA`S at 1.2493<\/p>\n
The inverse Head and Shoulder pattern I showed you on Friday is still in play……also looks like we trapped in a triangle on the daily too.<\/p>\n
If we break the triangle to the downside I will look to short to the \u00a0MS1 pivot at 1.2172 where after I will re look for support to long again.<\/p>\n
The neckline for the inverse head and shoulder pattern is at 1.2600 so that need to break first if we want to trade the pattern to the upside.<\/p>\n
………………………………………………………………<\/strong><\/p>\n10) Dollar Index on the DAILY chart :<\/u><\/strong><\/p>\nCurrently sitting on the cluster of EMA`S at 93.23<\/p>\n
The inverse Head and Shoulder pattern I showed you on Friday is still in play……also looks like we trapped in a ascending triangle on the daily too.<\/p>\n
The neckline for the inverse head and shoulder pattern is at 94.00 so that need to break first if we want to trade the pattern to the upside.<\/p>\n
………………………………………………………………<\/strong><\/p>\n11) Euro\/Aussie on the 4 hour chart: <\/u><\/strong><\/p>\nCurrently I have an\u00a0Earth and Sky long zone<\/strong>\u00a0between \u00a01.5015 and 1.4902 with areas to keep an eye on 1.5000 and 1.4972 and 1.4900 support areas where after I will look to long this pair.<\/p>\nPossible counter shorts at 1.5159 and 1.5241 resistance levels.<\/p>\n
Notes: <\/u><\/strong><\/p>\nIf the 1.4900 levels doesn’t hold for some reason if we do get down there…..be careful as we will go visit the daily 200 EMA currently at 1.4767 where I will re look for support and then to long again.<\/p>\n
………………………………………………………………<\/strong><\/p>\nI made a 15 min movie clip this morning for you and when I did the editing with Camtasia 9 the program froze again !! This will be now the third time this happens to me so I do apologize – so please look out for the web recording that will be available later today where I will re-look at my analysis above.<\/p>\n
Now……….let me go walk the dog to cool down !! \ud83d\ude42<\/p>\n
Regards<\/p>\n
Pierre<\/p>\n
If you would like to learn how to trade like a professional AND receive detailed daily analysis BEFORE the event then check out our 5* rated forex mentor program, RISK FREE; by clicking on the \u201cGet Started Today\u201d Button below<\/p>\n
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<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Good morning everyone. What’s up…..what’s down this morning ? Well, currently I am in a short position. I took a short on the NZD\/USD from the roadblock we had at the daily 200 EMA at 0.7188 and the 4 hour 200 EMA at 0.7196 area. My original stop was just above the daily 55 EMA […]<\/p>\n","protected":false},"author":35,"featured_media":645,"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":[2],"tags":[],"class_list":["post-5014","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\/5014"}],"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=5014"}],"version-history":[{"count":1,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/5014\/revisions"}],"predecessor-version":[{"id":219543,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/5014\/revisions\/219543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/645"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=5014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=5014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=5014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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