Prediction & Analysis June 18, 2017 and Updates for Members

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

Members:

Pure Price Action SeriesCLICK HERE to access

NEW ~ Price Action Candlestick Patterns Series – CLICK HERE to access

Pipsqueaks article additionsCLICK HERE to access

We would like to give a big thank you to all of you that have been filling out the Survey on how we are doing. We have received a lot of great feedback and will be taking all of your comments/suggestions into consideration. We have started compiling a list of those suggestions and will be working hard to revamp the site, layout, services, etc to accommodate all of you! Obviously this will take time, so look forward to many changes/upgrades coming in the near future!

If you have not filled out the survey yet, please do so to help us to continually to improve all of your experiences here – CLICK HERE

Updates from Survey Suggestions:

Charlie released presentation #1 3 weeks ago of the new price action series requested from multiple members in the room. CLICK HERE

Presentation #2 will be released this upcoming week.  Charlie was going to release it this last week but ended up back in the hospital.  He is currently on the mend and will be in and out of the room over the upcoming weeks.

Video updates will be occurring this month throughout the website for multiple topics including MetaTrader 4, strategies, installation, EAs and more as requested from members.


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 TP level 1

AUDUSD hit all 3 TP levels

EURUSD hit all 3 TP levels

USDCHF hit all 3 TP levels

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 – short/sell

TP1 – 1.275709

TP2 – 1.273758

TP3 – 1.271668

We ended the week with:

Semafor – sell dot

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

200 sma – sloped downward

Oscillator – neutral

RSI – toward 70 line

AUDUSD – short/sell

TP1 – 0.760035

TP2 – 0.758646

TP3 – 0.757163

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 – hit and re-entered 70 line

EURUSD – short/sell

TP1 – 1.118185

TP2 – 1.117355

TP3 – 1.116462

We ended the week with:

Semafor – sell dot

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

200 sma – neutral

Oscillator – exhausted to the upside

RSI – close to 70 line

USDCHF – long/buy

TP1 – 0.974472

TP2 – 0.975453

TP3 – 0.976336

We ended the week with:

Semafor – buy dot

100 hma and 14 hma – price is below

200 sma – price has a ways to move toward

Oscillator – flipped to downside

RSI – neutral

See you Monday and cheers my friends 🙂


HOW ARE WE DOING?

Help us to continue to provide the absolute best learning experience possible by filling out this quick survey – CLICK HERE

Receive Our New FREE 5 Part E-Course!

Get on the list for premium content directly to your inbox

I agree to have my personal information transfered to AWeber ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.