Prediction & Analysis July 23, 2017 and Updates for Members

Hello everyone! Last week was another solid one in the room!

Members:

Pure Price Action SeriesCLICK HERE to access

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UNDERSTANDING THE P&A

Setup is from the Poppin’ Picaso strategy

Short/Sell vs Buy/Long – In the forex market, think of money as a commodity, you are buying a currency hoping that its value will increase, and if you are selling you are betting that it will decrease

TP Levels – A takeprofit order (T/P) is an order used by currency traders specifying the exact rate or number of pips from the current price point where to close out their current position for a profit. The rate deemed to be the level where the trader wants to take a profit is sometimes referred to as the “takeprofit point”.

What should my SL be? This is something that you will need to decide on. Just as I give you TP levels based on previous Support and Resistance, you will want to examine the screenshot or your charting platform and determine what SL you prefer based on those Support and Resistance levels.

Support & Resistance Levels – These are simply price levels or a range of prices that an asset doesn’t often go over (resistance) or go under (support).

Trail Stop Click the link to learn what a trailing stop is

Semafor – This indicator appears as a green or red dot or sun symbol

100 hma and 14 hma – The hma is the hull moving average indicator. It is purple and turquoise for the 100 length and purple and green for the 14 length

200 sma – The sma refers to the Simple Moving Average with the length of 200. It appears white in the Poppin’ Picaso setup

Oscillator – The oscillator is the OsMa indicator in the second to lowest quadrant of the Poppin’ Picaso setup

RSI – The RSI appears in the lowest quadrant and refers to the Relative Strength Index


Last week’s results from the P&A were:

GBPUSD hit all 3 TP levels

AUDUSD hit TP levels 1 and 2

EURUSD hit TP levels 1 and 2

USDCHF hit TP levels 1 and 2

Prediction & Analysis for the upcoming week is as follows:

***As always…remember to move your SL as TPs are hit and even if TP3 is hit…continue to trail stop to achieve maximum profit potential***

We use the Poppin Picaso strategy for the weekly P&A. Based on the indicators at week end and general price action, we use the previous support and resistance levels to determine TP levels.

GBPUSD – long/buy

TP1 – 1.300706

TP2 – 1.302741

TP3 – 1.304776

We ended the week with:

Semafor – buy sun

100 hma and 14 hma – price is above

200 sma – neutral

Oscillator – flipped to upside

RSI – neutral

AUDUSD – short/sell

TP1 – 0.790544

TP2 – 0.788806

TP3 – 0.787068

We ended the week with:

Semafor – buy sun

100 hma and 14 hma – price is below

200 sma – price has a ways to move toward

Oscillator – exhausted to downside

RSI – neutral

EURUSD – short/sell

TP1 – 1.164200

TP2 – 1.161800

TP3 – 1.159486

We ended the week with:

Semafor – sell sun

100 hma and 14 hma – price is below 14 and above 100

200 sma – price has a ways to move toward

Oscillator – exhausted to upside

RSI – exited and reentered 70 line

USDCHF – long/buy

TP1 – 0.946599

TP2 – 0.947980

TP3 – 0.949409

We ended the week with:

Semafor – buy sun

100 hma and 14 hma – price is below 100 and above 14

200 sma – price has a ways to move toward

Oscillator – exhausted to downside

RSI – exited 30 line

See you Monday and cheers my friends 🙂


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