This weeks posts

Sorry for the lack of posts this week. I shall resume the posts from Monday onwards.

S&P, Cable & Euro

Charts courtesy of Dynamic Trader

Above are the updated charts from Friday.

As you can see, all three markets went down as was a possibility that I had mentioned in previous posts. Hopefully most of you have taken advantage of this downward movement.

There will be no post on Monday and possibly Tuesday either.

All the best for trading this week to every reader of this site.

Looking for today's analysis?

All today's analysis are under yesterday's date. Please check below.

S&P

Charts courtesy of Dynamic Trader

I have decided to update the blog with the latest S&P charts long and short term. Please make up your own conclusions.

Possible Pound Reversal

Chart courtesy of Dynamic Trader

The Pound looks like a reversal maybe on the horizon.

Euro Pushes Up

Chart courtesy of Dynamic Trader

We have had a move up today. Remember, the trend is your friend and sell the rallies. Above is a current trend end possibility.

Please do your own analysis.

Nite.

Tom Joseph

Good evening everyone,

I had a phone call from Tom Joseph yesterday who I know many of you will be familar with by name. After a very interesting chat, Tom suggested I should use his software as part of my trading strategy. He gave me a demonstration of it by allowing me to log on to his computer and I must say at first glance it looked very impressive. However, software packages always look great at first glance!

This evening I have been using it and having had a background in IT for almost a decade, many of you know I have tried quite a few different trading packages when I first started trading and I quite often do not give rave reviews but this one seems very different to other packages and although currently I cannot give it any review, this package may well be very useful to my day and swing trading. I will let you know how I get along and I will be putting this software to the test in the coming days.

On a seperate note and sticking to the theme of this website, the US did as per analysts expectation and not raise rates. That left the currency pairs in a state of confusion as to what to do next. We all know the Euro is in a downtrend for swing and position trading and selling the rallies is still my current strategy unless we break that all impotant resistance level 12980.

Lastly, I want to say thank you to Tom Joseph for yesterday.

Good night all.

Interest Rate Decision

No analysis today as we are all awaiting todays US Interest Rate decision. Remember sell the rallies in a downtrend unless we break 12980.

Euro Dollar Update

Chart courtesy of Dynamic Trader

Here is the latest chart of Euro. Nice move down since last night and I know a few of you have made good profits today. Thanks for your voice mails and sorry for not taking calls personally today but I am currently somewhat indisposed.

Euro last night

Chart courtesy of Dynamic Trader

I woke up this morning and have been inundated with emails asking how did I know the Euro was going t go down and why did I not make it clearer.

I never knew the Euro was going to go down last night but the analysis showed it may well have done so. We were near fib reversals and overbought on certain indicators. I have attached this mornings chart for you to spot the difference.

The aim of his site is not to spoon feed everyone. I think my analysis is not too difficult to understand but if you have no prior knowledge or only a very little understanding of how I trade then buy the Home Training Course for $997. It is 40 hours full training course and my opinion one of the best on the market for home study. I have not met anyone I know as yet who was not amazed at how much they have learned from this course.

Euro Day Chart

Chart courtesy of Dynamic Trader

Here is the Daily chart of the Euro. Please read previous post.

Euro Update

Chart courtesy of Dynamic Trader

I have added the short term Elliott waves on the Euro for you all to see with fib projections and fib time. I am sure you can decide for yourselves what would be the preferred direction of trade in this case. Tight stops would be best on this set up.

Good luck.

Late Euro Update

Seems to be technical difficulties uploading my chart but I will do so in the morning. Possible short on the Euro.

G'Nite.

Next update tomorrow

Sorry for not updating on Friday. Next update will be tomorrow.

Further Consolidation

No change from yesterday's analysis.

Euro Consolidation

I mentioned yesterday we were consolidating on the Euro and it looks like we are still consolidating. This is not unusual since we have moved down a few hundred pips in a short time.
However, after the consolidation we will see a move in a particular direction and although the bias based on trend is down, selling the rallies is still a great option. All that is most likely at present is the comms are awaiting the specs to push up the price before shorts trigger. If this is not what happens then ride the trend if we break key support areas. Use your fib and physical support and resistance to work those values out.

By the way, expect the Euro to be volatile tomorrow around 1pm due to the Swiss interest rate decision. Shortly followed by Unemployment Claims in the US.

Good luck all.

CPI Data

I forgot to mention in the previous post that CPI data is out at 09.30am so beware volatility. If you are not already in a trade then the best thing to do is stand aside. If you are already long then tighten your stops to at least break even if you can without getting to close to the price action. I have a break even at 12655 to give you some idea.

Euro Consoldiating

Euro did move up yesterday and is consolidating currently. I am still long the Euro and expect a further move up. The thick fib bars are my predicted areas of resistance.

If you are not long then stand aside and wait for the move up as it probably wont be big enough to capture a decent profit and just wait for the market to change direction to look for shorting opportunities.

Please remember to do your own analysis.

Good luck today.

Euro Charts

Above are the Euro charts. Top chart being the 60 minute then followed by the Daily. We were going to put up the Weekly chart for you all but then thought that would make it way too easy for you and not give you anything to think about so we decided against it in the end.

The Daily Chart is showing that the current downward trend may well have come to an end. To work this out with some more accuracy we needed to analyze a 60 minute chart which is shown below with candlesticks. The high and the low of the chart shows 50% fib time and also 89 trading bars. Although you may not be able to see it too clearly on the chart, we also have a Hammer followed by a Doji and a Spinning Top. In addition to that we have also hit 1.618 APP fib price at 1.2657 so everything is showing for this to be at or near the end of the current swing low before we start a move up.

Check the Daily 8,5,3,3 DTosc for a cross up to perhaps initiate a long position and currently the 13,8,5,5 is bullish on the 60 min chart.

Based on all the analysis, the trading bias seems to be up at least for a short while. If this is the case then based on previous analysis you will know to sell the rallies as long as we do not deal above the all important figure. If you are unsure as to what figure we are talking about then read the previous posts for last few weeks. If you are unsure as to what we are talking about altogether then get the Dynamic Trader Workshop 40 hour home training course.

As always, you must do your own analysis. The above is just a guide line and is for education purposes only.

We wish you all the best of luck with your trading this week.

Last Couple of Days

I have had many emails and text messages in the last two days from people who visit this site and have traded using their own analysis and mine and have made a lot of money. Well done to all of you.

If still short the Euro then start to tighten stops up in case we have a temporary reversal (same applies to Cable).
If still short the S&P then look at tightening those stops too.

All the above still have further movment and a few have asked for me to continue with the S&P on this site. I do not trade the S&P on a regular basis but only when we have a good set up so I will continue to post for S&P as well but only when there is a good set up. Currently the S&P has further potential to go down but with any big move you quite often get consolidation so we may see some signs of that.

Stand aside with the Yen for today as it seems to be consolidating.

I will post charts this weekend for Monday so you can have a look by Sunday night.

Good luck trading today and have a great weekend.

Euro Update

It seems many of you have made good profits today judging by all the emails recieved. Thanks for all the kind words.

Those of you that are familiar with pullback and continuation patterns and bull and bear flags should be able to notice that the Euro looks like it is doing a pullback and continuation on the weekly. Wave A to B being the pullback before the continuation of the downtrend begins. The wave A to B can also be construed as a bear flag but without getting to intricate in the chart pattern, all that matters is it looks like it is going to continue it's downtrend.

Sell the rallies in a downtrend and we are in a downtrend as I have been mentioning repeatedly and I will mention it again.....we are in a downtrend until or unless we break the 12980 barrier. Until that happens, sell the rallies and keep doing that until or if we break the 12980 and you sold a rally, well, you will only be wrong once.

Watch the Euro! The Pound looks quite good too!!

Nite all.

S&P Chart

Just thought those of you trading the S&P would like to see this.

Euro & S&P

The Euro has moved down further and each and everyone one of you who have followed my analysis since last week on this would have made good money. Even more so on the S&P analysis that I have been posting for shorting.

Firstly, well done and congratlualtions.

Secondly, if you have followed my analysis, if you have made a good profit from the analysis and if you want me to continue updating this website then please please make a donation to one of my charities.

I really appreciate you taking the time to make that donation.

Thanks and enjoy the rest of your trading day.

More Weakness

Euro moved down somewhat yesterday. I believe we still have more to go though.
The Yen also moved down very nicely and this would have given the biggest profit.
The S&P moved down in the overnight market yesterday then moved back up during opoen hours and now back down in overnight. I had got stopped out at break even yesterday and opened another short last night so I am still waiting for a turn down.

We are away until end of the week so I apologize in advance if any updates are missed.

Have a good week trading.

In addition to previous posts today

Here is the 0.382 fib I referred to as well.

You should all be in profit for The Euro, Yen and S&P now so start locking in profits if you have not already done so.

Email referring to previous post

I had an email referring from someone who couldnt understand how I managed to get the 0.941 fib reversal last night. Above is the chart showing that info. It is on a 60 minute chart EurUSD.

Euro Fib & Reversal

Trend is still down!

There isn't any major news out this week so trading you should be able to open a position without the concern of news volaitily taking out any stops.

You will have noticed the high of the 31st and the low of the 1st produced 0.941 yesterday at 10pm and the market headed south immediately. Right this very moment we are at 0.382 fib and those of you who have done the 40 hour multimedia Dynamic Trading Course will know what that could possibly suggest. If you were awake to have witnessed that (and I was one of them after coming back from a friends house last night) will be in profit this morning and I would suggest either scale out or break even at the very least.

Have a good trading day.

Yen Day

We posted about shorting the Yen last week & today got some messages from those that did short the Yen after our posts and have profited from the trade. Please don't forget to make a small dontation from your profits. Much appreciated!

Till the morning.

US Holiday and the S&P 500

We know this is a Forex site and apologize straight away for putting the above chart and talking about the S&P on here but as it is a holiday in the US and as a result we have not much else to say except we are still in a downtrend as far as Euro is concerned.

However, the S&P is a little more interesting right at this moment. It is overbought and looks like in place for fib times as well. RSI, Stochastics are very high as well as the DTosc. It is slightly short of 0.886 fib price and also it is around the 100 APP. If it goes to 0.886 fib price then that is also a cluster with the another APP at 0.618 (taken from different reference points). Everything is showing for a potential short with very limited risk (above the previous major high).

Once again, sorry for those who are not at all interested in the S&P and we will not be posting many more non Forex related analysis on this blog. We are in the process of creating a site for share analysis and for those who are interested can tune in to that site in the future for shares and indices analysis. More about that when it is near completion.

We will post currency analysis tomorrow and very shortly will be giving out the extremely valuable information mentioned last week that many of you have emailed us about over the last few days. The US Govt has approved it and we will divulge the news that will help you guys with your currency trading many times over. Some of you will know this information, most of you will not.

Have a good Monday and for the US readers have a great holiday.

Euro

I thought I would post the chart of Euro. Perfect setup from Dynamic Trading approach. This set up is shown in the 40 hour course. Based on that, those of you who have traded should have made a nice profit this morning. Alternative view of this as my friend Rohan mentions (but does not give an accurate entry signal) is big move, small pause, big move. As you can see from the chart above this is exactly what has happened.

Good weekend all.

Sell the Rallies

Remember to sell the rallies. The Euro dropped yesterday just below 0.786 fib. If you had sold then you have made a good profit.
The Yen had also dropped only to climb back up again so if you had taken profit at exactly 0.382 fib you should will not doubt be having a good weekend. Take a fib reversal on the Yen and look for a short with minimum risk level based on stop just above 100%.

Im away until Tuesday now but will try to post for Monday.

Have a good weekend.