Hello everyone! Last week was another solid one in the room!
Members:
Pure Price Action Series – CLICK HERE to access
NEW ~ Price Action Candlestick Patterns Series – CLICK HERE to access
Pipsqueaks article additions – CLICK HERE to access
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Updates from Survey Suggestions:
We released a new file pack 2 weeks ago which included: updates to the Foltron, Foltron dashboard, Professor, Professor dashboard and the Sominex. There were some new features requested for optimal performance. ***Please note – it is very important to download all of the new files including the templates. This will ensure proper running of all EAs and indicators. ***
We will be releasing new signals from the Sominex that can be used on the Nadex and/or Forex platform in the upcoming weeks.
Post updates will continue to occur throughout the website to keep all areas up to date as requested, if there are certain areas you see that are not up to date please feel free to send in a support ticket and we will add it to our list!
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 take–profit 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 “take–profit 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 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 – 1.294026
TP2 – 1.292335
TP3 – 1.290533
We ended the week with:
Semafor – sell sun
100 hma and 14 hma – price is below 14 and above 100
200 sma – neutral
Oscillator – exhausted to upside
RSI – near 70 line
AUDUSD – short/sell
TP1 – 0.795556
TP2 – 0.794606
TP3 – 0.793591
We ended the week with:
Semafor – sell dot
100 hma and 14 hma – price is below 14 and above 100
200 sma – neutral
Oscillator – exhausted to upside
RSI – near 70 line
EURUSD – long/buy
TP1 – 1.187798
TP2 – 1.189263
TP3 – 1.190633
We ended the week with:
Semafor – sell dot
100 hma and 14 hma – price is below 100 and above 14
200 sma – neutral
Oscillator – flipped to downside
RSI – near 30 line
USDCHF – short/sell
TP1 – 0.962967
TP2 – 0.961179
TP3 – 0.959333
We ended the week with:
Semafor – buy dot
100 hma and 14 hma – price is below 14 and above 100
200 sma – neutral
Oscillator – flipped to upside
RSI – at 70 line
See you Monday and cheers my friends 🙂
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