[October 1, 2023] Chart analysis using the Sky and Earth indicators

■ 4-hour (Environmental recognition)

Oscillator signal ⑤ is about to light up. Oscillator DX is beginning to contract, so at this point I would deem a bearish bias. A valley is also appearing. If later the Oscillator DX becomesLime↑Distance↑then the bearish bias will be reset.

■ 15-minute (Entry trigger)

Since I judged the 4-hour as bearish, I will target only short entries on the 15-minute chart.

First, look at Oscillator TF2. It has already declined, so we just wait for a short entry trigger. Short entry signal, TF1 descending (above the zero line), DX descending cross, valley—once any of these are confirmed, you can enter short.

As seen in past charts, in such moments a line-touch short entry is very effective. The entry timing is when Oscillator DX becomes Lime↓Distance↓, with target at the point signal. Many users employ this method for scalping.

■ If using Heaven and Earth EA (on 15-minute chart)

Since Oscillator TF2 is already declining, it might be good to set EA Pattern ①②, and when a valley appears, set ④. It may take a bit longer for the short point signal to appear since the candles are currently below the line, so EA Pattern ② might be better.

■ If using Abusan Signals (on 15-minute chart)

If you have Abusan Signals, you can enter long on Signal 1 after waiting from Signal 2.With Abusan Signals, if the 4-hour chart is clearly directional, you can ignore the direction of Oscillator TF2 and other evidence. It is a very strong trend-following signal, so that is fine.The usage is the same for other currency pairs, so I will omit it from the following analyses.

■ 4-hour (Environmental recognition)

Oscillator signal ⑤ lights up, Oscillator DX crosses up right after, a very good setup. At this point, I consider a bullish bias. If Oscillator DX crosses down again, the bullish bias resets. A short point signal would also reset it.

■ 15-minute (Entry trigger)

Since I judged the 4-hour as bullish, I will target only long entries on the 15-minute chart.

Oscillator TF2 is rising, but the shape is not smoothly trending, sowait for a clear Oscillator DX up-cross. Then, if a long point signal or other trigger appears, enter.

■ If using Heaven and Earth EA (on 15-minute chart)

Since Oscillator TF2 is already rising, set EA Pattern ①. However TF2’s shape isn’t very good, so it may reverse quickly. If that happens, the EA will stop, so wait for another opportunity.

■ 4-hour (Environmental recognition)

There is just a short entry signal. Oscillator TF2 is flat, TF1 around +80, Oscillator signal ⑤ looks like it will light up. Oscillator DX is contracting. At this point, bearish bias is acceptable.

■ 15-minute (Entry trigger)

Since the 4-hour is bearish, I will target only short entries on the 15-minute chart.

If TF2 is descending and a short point signal, Oscillator DX descending cross, or valley is confirmed, enter.

■ If using Heaven and Earth EA (on 15-minute chart)

Since Oscillator TF2 is already descending, set EA Pattern ① or ②. Given the shape of Oscillator, EA Pattern ② may be more effective.

■ 4-hour (Environmental recognition)

There is just a short entry signal. Oscillator TF2 is descending, TF1 is in a good position. Could consider bearish bias now, but be cautious about all-blue histogram.Wait for Lime in Oscillator DX to move down.

■ 15-minute (Entry trigger)

Since the 4-hour is bearish, target only short entries on the 15-minute chart.

Not a very good shape, but Oscillator TF2 is already descending.Future scenarios: when TF2 is descending, enter on a short point signal or valley. Oscillator DX is converging, so cannot be used. Like the 4-hour, the 15-minute histogram is all blue, so beware. This is the basic use of histogram in Heaven and Earth indicators. It is very effective as a warning and trend indication.

■ If using Heaven and Earth EA (on 15-minute chart)

Since Oscillator TF2 is already descending, set EA Pattern ①. If a valley appears, set ④.

■ 4-hour (Environmental recognition)

Similar to EURJPY. Short entry signal, Oscillator TF2 is descending, TF1 in a good position. Bearish bias can be assumed, though all-blue histogram is a concern; however Oscillator DX Lime is already down, and a valley is appearing, which would increase edge if valley extinguishes.

■ 15-minute (Entry trigger)

Since 4-hour is bearish, target only short entries on the 15-minute chart.

Oscillator TF2 is descending, then look for short triggers. Oscillator DX is not favorable for triggers. Short point signal, valley, or line-touch entry as with EURUSD is effective.

■ If using Heaven and Earth EA (on 15-minute chart)

Since Oscillator TF2 is descending, set EA Pattern ①. If valley appears, set ④.

■ 4-hour (Environmental recognition)

Oscillator TF2 is rising to +80, TF1 is descending toward -80,a typical pullback buy pattern.

However, looking at Oscillator DX, the downward pressure continues, so wait for Oscillator DX to move Lime↑Distance↓. Long entry signals are also approaching. I will assume an up bias based on these two signals.

■ 15-minute (Entry trigger)

Since the 4-hour is bullish, target only long entries on the 15-minute chart.

Ensure Oscillator DX shows Lime↑Distance↑.

■ If using Heaven and Earth EA (on 15-minute chart)

First, wait for Oscillator TF2 to turn up. When TF2 begins rising, decide which EA pattern to use based on the situation. Currently, it is not clear which pattern to use.

■ 4-hour (Environmental recognition)

Oscillator TF2 is descending +80 reached, TF1 is rising toward +80, a typical retracement selling pattern.

But looking at Oscillator DX, the upward force continues, so wait for Oscillator DX to move Lime↓Distance↓. Short entry signals are also approaching. This pattern is the exact opposite of Canadian Dollar, interestingly.

■ 15-minute (Entry trigger)

If the 4-hour is bearish, target only short entries on the 15-minute chart.

Future scenario: Oscillator DX has already crossed down, so short signals generated in this context are very effective.

■ If using Heaven and Earth EA (on 15-minute chart)

First, wait for Oscillator TF2 to turn down. When TF2 starts descending, decide which EA pattern to use based on the situation. From the candles’ position, a short entry signal could appear soon. Therefore, when TF2 begins to fall, EA Pattern ① seems good.

That concludes.

I hope this provides some help to everyone.