Marc Waldon

Earth & Sky Forex Analysis

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Earth & Sky Forex Analysis

Earth & Sky Forex Analysis

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Good morning everyone

Hope you are all well and healthy

Yesterday was a public holiday here in South Africa……….and then we have Eater Friday coming up and next week we have two public holidays here plus the kids are on their pre – winter school break –  so it’s the ideal time for South Africans to take some time out as they only have to take a couple of days leave to get a 10 day break !!

I will be one of them !! 🙂

We are leaving on Thursday morning to go to the family farm in the Baviaanskloof for 5 nights followed by a couple of nights camping in the Addo National Park…….hoping to see elephants, lions and some other creepy crawlies !!

We are camping at a spot with no electricity………..so that is going to be fun as the kids will have no mobile phone, no iPads or iPods………no tablets………..no play station………..no X box……….no nothing !!! 🙂

Just pure outdoor fun……the way we did it when we were kids……..by using our imagination !!!!

So the long and the short of the story…………I will see if I can do a catch up for you on Friday morning (25 March) from the farm, but can’t promise as the internet is slower than a tortoise after a night out so it might be just be short write up.

Sunday evening (26 March) I will start the thread  for the upcoming week in the forum and would like to ask the experience members to take the lead for me there please.

Unfortunately I will not be able to do a Earth and Sky analysis on Tuesday morning (29 March) but this will give you now the opportunity to practise what you have learned over the last couple of weeks/months here at FMP.

I will be back on Friday morning ( April fools day) with the weekly catch up video so then we can see how you did with YOUR analysis and if you need to come sit in the front of the class for a couple of weeks so that I can give you more personal mentor attention !!

Earth & Sky Forex Analysis

Person writing Happy Holidays in calligraphy script with sepia tone

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1) `Red Flag News` that can make you lose your pants if you are not careful. 💡

You can use the following web site for `SCHEDULED NEWS` for the week @ http://www.dailyfx.com/calendar

Don`t take any trades just before `Red Flag News` If you are already in a trade, protect your entry. I don’t want to meet up with you at Little Beach, Maui, Hawaii. Did you know this is a nudist beach?

For reference if you don’t want to believe me, have a look at the 4th of April 2013 at all the JPY pairs what happened with price after `Red Flag News` came out. ALWAYS TRADE WITH A STOP! 

Still don’t believe me? Then you must be new to Forex Trading

Have a look at what the Swiss did to the market on the 15th of January 2015!!

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’t have a stop in place!!! 👿

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2) This week`s Analysis:

This is my current `Earth and Sky Trading Zones` – Please take note of the time frames I am looking at. 

Sometimes I will refer to `The mother in law` in my video`s or in my write up. The mother in law represents the 200 EMA (the pink line) on that specific time frame.

If you new to the `Earth and Sky` method, please make sure you download your free e-book.

Go to the `Forex Education Tab` here in the main blog and look for the `Earth and Sky Trading System` where you will find helpful videos using this system and some Indi`s I use.

Remember to have a look at some of the other methods we teach here at Forex Mentor Pro too.  

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Ok…..let’s have a look what is cooking in the kitchen:

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1) Euro Index on the 4 hour chart:

Difference between last week’s open/close: Plus 16 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 99.33 and 98.99 levels

Potential area to look for reaction: At the 99.33 and 99.16 and 99.12 levels.

Potential Profit take areas: At the 100.00 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 100.01 level (WR1 pivot)

Potential Profit take areas: At the 99.33 levels (main weekly pivot)

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 at 99.12 my bias will be to look for long set ups…..if it do break to the downside for some reason my next area will be at the 200 EMA at 98.73 where I will re look to long from.

Correlation: Remember that the following pairs make out the `Euro Index Basket` – The Euro/Dollar, Euro/JPY, EURO/GBP and the EURO/CHF. (They all move in the same direction) Use the `Euro Index` for extra confirmation and information to trade the basket pairs. If you don’t have the index on your platform…..download a demo account with Forex LTD at http://www.forexltd.co.uk/

Earth & Sky Forex Analysis

2) Euro/Dollar on the 4 hour chart:

Difference between last week’s open/close: Plus 111 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 1.1202 and 1.1131 levels

Potential area to look for reaction: At the 1.1202 and 1.1181 and 1.1167 levels.

Potential Profit take areas: At the 1.1300 and 1.1344 and 1.1393 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 1.1393 level (WR1 pivot)

Potential Profit take areas: At the 1.1226 levels (main weekly pivot)

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 at 1.1181 holds my bias will be to look for long set ups.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the Euro Index, Euro/JPY and the Euro/GBP. Be careful; don’t take the same trades on these four pairs at the same time!

Also remember: This pair is `NEGATIVE CORRELATED` (moving in the opposite direction) as the Dollar/CHF pair. Be careful; DO NOT OVER EXPOSE YOUR ACCOUNT BY PLACING OPPOSITE TRADES ON THESE TWO PAIRS.

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3) Euro/JPY on the DAILY chart:

Difference between last week’s open/close: Min 136 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 might be trapped in a triangle on this one. So it’s a waiting game.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the Euro Index, Euro/USD and the Euro/GBP. Be careful; don’t take the same trades on these four pairs at the same time!

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4) Euro/GBP on the 4 hour chart:

Difference between last week’s open/close: Plus 33 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 0.7823 and 0.7779 levels

Potential area to look for reaction: At the 0.7814 and 0.7800 and 0.7779 levels.

Potential Profit take areas: At the 0.7893 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 0.7893 levels.

Potential Profit take areas: At the 0.7814 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 0.7800 levels holds my bias will be to look for long set ups……however if we do break to the downside for some reason , I will be keeping an eye on the 200 EMA at 0.7755 where I will re look to long from.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the Euro Index, Euro/Dollar and the Euro/JPY. Be careful; don’t take the same trades on these four pairs at the same time!

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5) GBP/Dollar on the 4 hour chart:

Difference between last week’s open/close: Plus 79 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: Longs
Potential trading zone: Between the 1.4283 and 1.4169 levels

Potential area to look for reaction: At the 1.4341 and 1.4319 and 1.4283 levels.

Potential Profit take areas: At the 1.4500 and 1.4626 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 1.4626 level.

Potential Profit take areas: At the 1.4341 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 4 hour 200 EMA holds as a support area at 1.4287 ……my bias will be I to look for longs.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the GBP/JPY pair. Be careful; don’t take the same trades on both pairs at the same time!

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6) GBP/JPY on the 4 hour chart:

Difference between last week’s open/close: Min 241 pips

GAP TRADING:

Did we open with a gap this week? Little one

Did the gap close? Yes

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 161.50 and 162.75 levels

Potential area to look for reaction: At the 162.12 and 162.67 levels.

Potential Profit take areas: At the 159.00 and 158.78 levels.

MACDEE Divergence: No
Stochastic: No man`s land

Counter Trades:

Potential Counter Trades: At the 158.78 levels

Potential Profit take areas: At the 160.98 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 am expecting a bullish move this week on the correlated GBP/Dollar as we have loads of EMA`S giving support on that pair…..so if we do, then this pair will follow. So I will prefer if we can get back up to the 162.00 and 162.67 levels where I will re look to short again.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the GBP/Dollar pair. Be careful; don’t take the same trades on both pairs at the same time!

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7) Aussie/Dollar on the 4 hour chart:

Difference between last week’s open/close: Plus 33 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 0.7550 and 0.7484 levels

Potential area to look for reaction: At the 0.7566 and 0.7535 levels.

Potential Profit take areas: At the 0.7683 and 0.7714 levels.

MACDEE Divergence: No
Stochastic: Oversold

Counter Trades:

Potential Counter Trades: At the 0.7683 and 0.7714 levels

Potential Profit take areas: At the 0.7566 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 support, my bias will be to look for longs.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the AUD/JPY pair. Be careful; don’t take the same trades on both pairs at the same time!

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8) Aussie/JPY on the 4 hour chart:

Difference between last week’s open/close: Min 142 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 4 hour chart…..then it looks like we might be ranging between the daily 200 EMA at 86.12 where we also have a WR1 pivot this week and the 4 hour 200 EMA at 83.57 where we also have a WS1 pivot this week……so possible trades might set up from these levels.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the AUD/USD pair. Be careful; don’t take the same trades on both pairs at the same time!

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9) USD/JPY on the 4 hour chart:

Difference between last week’s open/close: Min 232 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 112.39 and 113.25 levels

Potential area to look for reaction: At the 112.41 and 112.82 levels.

Potential Profit take areas: At the 111.00 and 110.67 and 110.03 levels

MACDEE Divergence: No
Stochastic: No man’s land

Counter Trades:

Potential Counter Trades: At the 110.03 levels.

Potential Profit take areas: At the 112.08 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 Dollar Index too once we hit the zone on this pair to see what that is doing and if we getting resistance there too before I will take the short here.

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 10) USD/CAD on the 4 hour chart:

Difference between last week’s open/close: Min 189 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 1.3165 and 1.3286 levels

Potential area to look for reaction: At the 1.3178 and 1.3226 levels.

Potential Profit take areas: At the 1.3000 and 1.2923 and 1.2845 levels

MACDEE Divergence: No
Stochastic: Overbought

Counter Trades:

Potential Counter Trades: At the 1.2845 levels

Potential Profit take areas: At the 1.3125 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 we under the 55 EMA at 1.3178 my bias will be to look for shorts.

Correlation: This pair is POSITIVE CORRELATED (moving in the same direction) as the Dollar Index. Be careful; don’t take the same trades on both pairs at the same time!

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 11) Dollar Index on the 4 hour chart:

Difference between last week’s open/close: Min 110 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 95.82 and 96.44 levels

Potential area to look for reaction: At the 95.82 and 95.90 levels.

Potential Profit take areas: At the 95.00 and 94.57 and 94.06 levels

MACDEE Divergence: No
Stochastic: No man`s land

Counter Trades:

Potential Counter Trades: At the 94.06 levels

Potential Profit take areas: At the 95.56 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 we under the 55 EMA at 95.90 my bias will be to look for shorts.

Correlation: This pair is NEGATIVE CORRELATED (moving in the opposite direction) as the Euro Index!

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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 blessed Eater friends

Regards

Pierre 😛

`Learn from yesterday, Live for today and hope for tomorrow`

Remember to make the video clip bigger to see the levels more clearly!  

This is an example of the detailed analysis that Pierre and his fellow mentors prepare every week in advance in our low cost forex mentor program at the moment we have a awesome 1$ 14 day trail for this 5* rated forex mentor program CLICK HERE FOR MORE DETAILS

Earth & Sky Forex Analysis

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