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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.