Marc Waldon

Earth and Sky Forex System a thousand pips !!!

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Earth and Sky Forex System a thousand pips !!!

Earth and Sky Forex System a thousand pips !!!

Good morning everyone

Hope you are all well and that you have pips in the bank after a super week of trading

The Euro Index and Euro/Dollar were slow this week and we are only hitting key support levels this morning.

However……the other two pairs that makes out the Euro Index ( Euro/JPY  and Euro/GBP) gave stunning Earth and Sky set ups giving together well over 300 pips !!

Earth and Sky trading method also gave well over 300 pips on the GBP/JPY pair……100 on the Aussie/JPY with the USD/JPY currently at 106………….

Then one of the trades of the week………the USD/CAD that gave a perfect Earth and Sky setup giving well over 200 pips with a short…………plus the counter trade I called on Tuesday giving us 150 odd pips !!

THAT MY FRIENDS ADD UP TO ALMOST ONE THOUSAND TWO HUNDRED PIPS 

Not bad for a technical method………………………. 🙂

and please do remember…………..these are trades I called BEFOREHAND…..NOT AFTER THE MOVES !!!

I think its fair to say………you getting value for your monthly subscription here at Forex Mentor Pro.

Ok…..let’s have a look:

1) Euro Index on the DAILY chart:

Difference between last week’s open/close: Min 3 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is above the 200 EMA
34 EMA (sky) is above the 55 EMA (earth)
Direction: Long
Potential trading zone: Between the 98.28 and 97.14 levels

Potential area to look for reaction: At the 98.82 (38.2 fib) and 98.49 and 98.28 levels.

Potential Profit take areas: At the 99.43 and 100.57  levels

MACDEE Divergence: No
Stochastic: Coming out of overbought

Counter Trades:

Potential Counter Trades: At the 100.24 and 100.76 level

Potential Profit take areas: At the 98.82 and 98.49 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

I will be keeping an eye on the 38.2 fib at 98.82 as it can be a support roadblock for this Index this week.

Friday notes:

For 2 days we camped out at the 4 hour 55 EMA and MR1 pivot at 99.32. We only had the pullback yesterday and currently we sitting on the 38.2 fib at 98.82 I called on Tuesday for a possible long area. Keep an eye on that 4 hour 200 EMA at 98.61 for support area to long from……if that for some reason breaks to the downside……then the daily 200 EMA at 98.04 will be the area to long from.

2) Euro/Dollar on the DAILY chart:

Difference between last week’s open/close: Plus 82 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is above the 200 EMA
34 EMA (sky) is above the 55 EMA (earth)
Direction: Long
Potential trading zone: Between the 1.1046 and 1.0880 levels

Potential area to look for reaction: At the 1.1124 (38.2 fib) and 1.1063 and 1.1020 levels.

Potential Profit take areas: At the 1.1241 and 1.1377 levels

MACDEE Divergence: No
Stochastic: Overbought

Counter Trades:

Potential Counter Trades: At the 1.1373 level

Potential Profit take areas: At the 1.1177 and 1.1115 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

I will be keeping an eye on the 38.2 fib at 1.1124 as a possible support area this week as we also have the MR2 PIVOT here !!

Fridays notes:

For 2 days we camped out at the 4 hour 55 EMA and MR2 pivot and 38.2 fib at 1.1125 I called on Tuesday. This is a big support level as we also have the daily and 4 hour mother in laws hanging out together at 1.1064 and 1.1038. While these two EMA`S holds price up my bias will be to look for long.

3) Euro/JPY on the DAILY chart:

Difference between last week’s open/close: Plus 270 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is under the 200 EMA
34 EMA (sky) is under the 55 EMA (earth)
Direction: Short
Potential trading zone: Between the 129.04 and 130.67 levels

Potential area to look for reaction: At the 129.04 and 129.39 and 129.79 levels.

Potential Profit take areas: At the 127.59 and 125.77 levels

MACDEE Divergence: No
Stochastic: Oversold

Counter Trades:

Potential Counter Trades: At the 125.77 and 125.28 levels

Potential Profit take areas: At the 128.09 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

The bias on the Euro Index and Euro/Dollar is long……so I am expecting a bigger correction and we might see a pullback to 129.39 and 129.94

Fridays notes:

We didn’t get the pullback I expected to at least 129.39……..Instead price dropped after my write up on Tuesday from the MS1 pivot and weekly main pivot at 128.09 all the way to the WR1 pivot.

You can see it clearly on the 4 hour chart…………………………

4) Euro/GBP on the 4 hour chart:

Difference between last week’s open/close: Plus 51 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is above the 200 EMA
34 EMA (sky) is above the 55 EMA (earth)
Direction: Long
Potential trading zone: Between the 0.7779 and 0.7719 levels

Potential area to look for reaction: At the 0.7727/19 levels.

Potential Profit take areas: At the 0.7800 and 0.7865 levels

MACDEE Divergence: No
Stochastic: Oversold

Counter Trades:

Potential Counter Trades: At the 0.7865 levels.

Potential Profit take areas: At the 0.7763 levels.

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

Keep an eye on the Euro Index and Euro/Dollar pair to get more info as this pair will follow them.

Fridays notes:

We found support at the 55 EMA and 75% fib this week where after we had lift of…. we didn’t get to the preferred profit take area at the WR1 pivot but there were still well over a 100 pips in this trade.

5) GBP/Dollar on the DAILY chart:

Difference between last week’s open/close: Plus 10 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is under the 200 EMA
34 EMA (sky) is under the 55 EMA (earth)
Direction: Short
Potential trading zone: Between the 1.4452 and 1.4637  levels

Potential area to look for reaction: At the  1.4452 and 1.4510 and 1.4583 levels.

Potential Profit take areas: At the 1.4391 and 1.4259 and 1.4164 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 1.4083 and 1.3947 level.

Potential Profit take areas: At the 1.4382 levels.

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

While the daily 55 EMA holds as a resistance area at 1.4583 ……my bias will be I to look for shorts.

Friday notes:

Just after my write up on Tuesday…….price drop like a stone taking the WS1 pivot out…..dropping all the way to the WS2 pivot from where it bounced back to the WS1 pivot……remember once support breaks it turns into resistance

On the 4 hour this morning we can see how we had a triangle break out to the downside this week.

6) GBP/JPY on the 4 hour chart:

Difference between last week’s open/close: Min 461 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is under the 200 EMA
34 EMA (sky) is under the 55 EMA (earth)
Direction: Short
Potential trading zone: Between the 165.21 and 167.92 levels

Potential area to look for reaction: At the 165.16 and 166.36 levels.

Potential Profit take areas: At the 162.52  levels.

MACDEE Divergence: No
Stochastic: Overbought

Counter Trades:

Potential Counter Trades: At the 159.69 levels

Potential Profit take areas: At the 165.16 levels.

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

While the 55 EMA holds as resistance at 166.36  my bias will be to look for shorts.

Fridays notes:

I took this trade for the week.

Price pulled back nicely to the zone on Monday and on Tuesday we found the resistance we needed at the 50% fib and weekly main pivot. Price gave confirmation to short and shortly after we dropped 308 pips.

7) Aussie/Dollar on the DAILY chart:

Difference between last week’s open/close: Plus 29 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Notes:

Looking at the daily chart…..then it looks like we trapped in a triangle here. If we do break to the upside be careful as we have the daily 200 EMA and MR1 pivot at 0.7271 and 0.7304 that can be a roadblock and limit profit take.

I personally will re look to short from 0.7271 and 0.7304.

Fridays notes:

Still trapped in that triangle I showed you on Tuesday !!!

8) Aussie/JPY on the 4 hour chart:

Difference between last week’s open/close: Min 197 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is under the 200 EMA
34 EMA (sky) is under the 55 EMA (earth)
Direction: Short
Potential trading zone: Between the 80.55 and 82.02 levels

Potential area to look for reaction: At the 81.72 levels.

Potential Profit take areas: At the 79.86 and 77.83 levels

MACDEE Divergence: No
Stochastic: Overbought

Counter Trades:

Potential Counter Trades: At the 77.83 levels.

Potential Profit take areas: At the 79.86 and 80.65 levels

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Notes:

I will prefer if price can break and close the 55 EMA at 81.72 before I will be comfortable to look for shorts…..if we don’t I will re look to short from the 200 EMA and weekly pivot at 83.24/49.

Fridays notes:

Just after my write up on Tuesday we broke the 55 EMA to the downside and had confirmation on the smaller time frames to short. This move gave us 100 pips…..but then the dear old weekly main pivot point at 80.65 gave solid support…..where after  we had a bounce back up to the 75% fib at 82.01 where after we burned again as price dropped once again to the weekly main pivot……talk about a bumpy ride !!!!

Earth and Sky Forex System

9) USD/JPY on the 4 hour chart:

Difference between last week’s open/close: Min 325 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is under the 200 EMA
34 EMA (sky) is under the 55 EMA (earth)
Direction: Short
Potential trading zone: Between the 114.25 and 115.89 levels

Potential area to look for reaction: At the 114.43 and 115.07 levels.

Potential Profit take areas: At the 112.66 and 110.98 levels

MACDEE Divergence: No
Stochastic: Overbought

Counter Trades:

Potential Counter Trades: At the 110.98 and 110.60 levels.

Potential Profit take areas: At the 114.06 levels.

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Fridays notes:

Just after my write up on Tuesday…..price gave confirmation to short…….this one also a bit of a bumpy ride but currently well over a 100 pips in the green

10) USD/CAD on the 4 hour chart:

Difference between last week’s open/close: Min 47 pips

GAP TRADING:

Did we open with a gap this week? No

Did the gap close? N/A

If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.

Earth and Sky Trading Zone for the week:

Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the “adjusted” Earth and Sky Trading Zones for the week.

Price is under the 200 EMA
34 EMA (sky) is under the 55 EMA (earth)
Direction: Short
Potential trading zone: Between the 1.3878 and 1.3947 levels

Potential area to look for reaction: At the 1.3880 and 1.3899 and 1.3912 levels.

Potential Profit take areas: At the 1.3743 levels

MACDEE Divergence: No
Stochastic: Oversold

Counter Trades:

Potential Counter Trades: At the 1.3743 and 1.3649 levels.

Potential Profit take areas: At the 1.3828 and 1.3880 levels.

Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!

Fridays notes:

As mentioned in the video on Tuesday morning……we were setting up for a counter trade from the WS1 pivot at 1.3649. Price gave the confirmation and we shot up to the Earth and Sky trading zone giving us 80 odd pips…..here we found resistance at the weekly main pivot at 1.3880 where we wanted to short again……here we got confirmation once again to short – this trade dropped to our preferred profit take as the WS1 pivot…..giving us well over a 100 pips !!!

Please remember we are NOT a “tipping service.” What we aim to teach you here at fxmentorpro is how to look for trade set ups using different methods, taking you’re trading to the next level.

Have a good one mates

Pierre

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