Crude Oil Bounce?

For the dynamic traders that like oil, the daily Advanced Get chart below shows some interesting signs of weakness. XTL is red but we need this confirmed first otherwise look for a 123 bounce then a trendline and MA break.

Those who traded the CHFJPY should be in good profits which are increasing today. I have opened another position add the breather level which seemed like a bearish flag pattern.

In the coming months we could see oil decline to around $80 and even $60 and find a base there if the technical path continues with supports being breached. I know of one dynamic trader that has hugely benefitted from oil in the last year.




Crude Oil Daily Advanced Get Chart.

Anne's forex blog.

Forex Analyst
Javid Shaik

AUD Long position - Break even

Good afternoon Dynamic Traders,

I woke up at 4am this morning as usual to do my morning analysis before I head out to work. One of the pairs I looked at was the AUDUSD which I mentioned yesterday.
It broke through the psychological support of 0.8000 and moved down to 0.7900 where on the hourly chart we had a candle stick reversal at a 786. I went straight into this trade with my stop 25 pips below the low to give it some breathing space. Since then my 1st position has been exited and my 2nd position is just beyond break even so I'm gaurenteed a small profit on this pair. Now I will just manage this trade by adjusting my stops as the market moves up unless I get stopped out.















AUDUSD forex chart from Advanced Get
Good trading

Dow Relief Rally

Good morning dynamic traders. What a day on the markets yesterday was!

The drop across the board on stocks and indices is as a resut to a lacl of agreement on the bailout. As forex traders we should all be benefiting from this indecision and uncertainty. The CHFJPY has made some good profits and again I have scaled out further and am managing the trade. Those of you who are also in this trade should look to do the same.

Went to the top of the Empire State Building (below) this evening and spent some time watching the organized chaos on the roads. Unfortunately the chaos in Wall St. certainly is not organized and further moves down should be expected but also a relief rally at some point will come in to play. This is just how the markets work so the bears might look for good opportunities for selling short.



Good trading...

Forex Analyst
Javid Shaik

Swissy Yen Trade Update

Hi Dynamic Traders.

We have left Atlantic City this afternoon and arrived in New York. It is a cool day here and the sun seems a little shy but thats fine as long as the rain holds off.

This is a short update for those of you who have emailed today regarding your profit on CHFJPY from the analysis on Friday. It is time to manage this trade which is about 100 pips in profit at present. I am using 96.55 as the stop loss and have scaled out now.

The Dow has sold off massively today and this is all due to the Bailout logistics. The market closes here in the U.S in 9 minutes and I can only imagine it has been a worrying and stressfull day on Wall St. The days ahead probably wont be much easier and looking further ahead, even if this bailout goes ahead dont expect the markets to immediately turn bullish.

In the mean time, please do not get caught up with emotions in the markets. If anyone who invests in the stock market has been caught completely off guard with the market behaviour at present then I would like to suggest you take some good trading courses or stock market mentoring before delving into the markets again. We sold off almost all of our shares more than a year ago in preparation for a retracement even though the brokers were saying we were in a bull market and that we were crazy to sell our shares and recommended we buy more shares. I wonder if they still have their jobs now!

Lastly, we are always happy to receive emails from people we have trained and mentored and are doing well now but we will also like to hear from anyone we have mentored who is facing trading difficulties.

Have an excellent dynamic tading week and remember, the markets react to uncertainty and right now the markets are uncertain. Those that were on our forex mentoring webinars, you need to remember the stratagies we discussed. Use the smaller time frame for day trading or for swing trading using the larger time frames. Scalping is certainly not advised in most cases and definitley not now. Always use the right strategy for the right market conditions.

Have an excellent forex week during this U.S financial crisis times.

Good trading...

Javid Shaik
Forex Analyst

AUD pullback

Good evening Dynamic Traders,

welcome to another week of successful trading.

I hope you all had a great weekend. It was my sisters wedding over this weekend and for those of you who have never been to an Indian wedding it was held over a few days so I've been non stop on the go.

After the last 5 trading days of sideways movement the USDCAD has stopped me out for a total of a 410 pip profit. I 'm still keeping an eye on this pair for a BOB.

I mentioned the AUDUSD a little while back as it had a good BOB of a trend line but now we've had our first pullback which is near the 50% and the figure 0.8000. I'm now looking for a good entry point for a potential long trade but I'm also going to make sure I have a good confluence of events. I will be checking this pair tomorrow morning as it has already moved more than my preference of its daily range.

AUDUSD forex chart from Advanced Get
Good trading

Dynamic Trader Blog

Good morning dynamic traders. We have a few news items this week that will shape the coming weeks. The main item everyone is now awaiting is the bailout details which is rumoured to be released Monday.

Anne has updated her forex blog with her latest analysis prior to the U.S 700 Billion bailout.

Dynamic Trader Blog

Javid Shaik
Forex Analyst

CAD SUPPORT

Good evening Dynamic Traders,

I hope you've all had a good week of trading.
The USDCAD is still moving sideways, it has been holding at a support level for a few days now. You should also be aware of a trendline just below the current price. If you're still in this trade then your stop should still be very tight. Otherwise keep an eye out for a BOB or a reversal.
Have a great weekend and I look forward to the week ahead for some more good trading.















USDCAD forex chart from Advanced Get
Good trading

Swissy Yen Reversal or Breakouts

Good morning dynamic traders.

We are taking a trip to Niagara Falls today but unfortunately the weather is not as pleasant as it has been until now so this gives us a little more time for our currency analysis.

Doing our forex analysis this morning (EDT) there are a few charts worth looking at and we have placed a number of limit orders.

The CHFJPY chart below has numerous set ups and for shorts or even for a long with reversals in place. Following the trend trading methodology we have a short set up tied in with a limit order with a small stop loss.

Should this currency cross produce a bull flag and reverse then a long should be called in to action again with a well placed small stop loss but take note of th moving average.

Our swing trend trading system model is calling for a short on this cross but has not given a trigger and as we will not be able to monitor this possible set up it system has been turned off fr the time being and we will continue to trade this using discretionary trading.



CHFJPY Advanced Get Chart. Data provided by eSignal.

Good trading...

Javid Shaik
Forex Analyst

NZD resistance

Good evening Dynamic traders,
The USDCAD has been moving sideways for the last few days, I'm still in this trade with my stop fairly tight.
Those of you who were still in the GBPUSD trade would of probably got stopped out for a very good profit. I'm keeping my eye on this pair for potential set ups.
Below is the NZDUSD, it has hit a potential resistance. Note the overall trend is down, we've come upto the figure 0.7000 with a candle stick reversal. Also for those of you familiar with Fib, you'll get an extra confluence of events. I'm now waiting for a good entry point to go short on this pair.














NZDUSD forex chart from Advanced Get
Good trading

700 Billion Bail Out

Good evening dynamic traders.

Those we have mentored one on one at Dynamic Trader will be familiar with Bretton Woods. We have travelled back to our forex roots and are visiting Bretton Woods where the international monetary fund was signed back in July 1944. The view from the room where the agreement was signed is spectacular. We took a photo from the patio not far from the room which is below.




Below is a picture taken a little way down from Mount Washington.




The staff at the Mount Washington resort are extremely friendly and any forex traders wanting to go back to their trading roots will thoroughly enjoy the hospitality and scenery here.

As for trading, we have not really been watching the markets but have kept up to date with the news and whats been going on especially with the financial crisis in the U.S and the 700 Billion Dollar bail out.

Since the beginning of the year we have been saying the markets seem unstable and we could see some reversals. We also mentioned interest rates could decline and so far all of what we said has happened.

Declines tend to have more velocity than upward trends but the markets really have moved fast and this is predominatly due to the sub prime markets. Our take on this 700 billion bail out is it is without doubt absolutely necessary but it just does not seem enough to really resolve the massive problem. Only time will tell and we are in interesting times which brings up something to think about. Does history repeat itself? Many traders beleive and will say no history does not repeat itself on the financial markets and that market behaviour is completely random. In fact their are some famous books on the fact that trading the markets is random. This might well be true but again with enough data I think a pattern could possibly be recognized. However, I should say we trade on price and not time. That said, seventy nine years ago the U.S had the great depression. If the current situation reaches a crisis stage (we were not far from there until President Bush's bail out) and goes down historically as a major economic disastor then we could have a pattern formation.

Below is a photo of us from the top of the lift ride and the white area to the left of the picture is Mount Washington which is where the Bretton Woods agreement took place.




Good trading...

Forex Analysts
Javid & Anne

Manage your trade

I mentioned an ABC set up on the GBPUSD just over a week ago and since then it has moved up around 900 pips. I actually missed entering this trade but for those of you that did you should have been adjusting your stops locking more profit as the market moved up. The price has now come into proximity to the figure 18600 with MACD divergence on multiple time frames and also some fib levels on the larger time frames. If I was in this trade I would now look to tighten my stops according to my trade plan.

GBPUSD forex chart from Advanced Get
Good trading

Stop adjustment

I got back from Dublin last night to see the USDCAD has moved further down.
I've adjusted my stop again to the next swing high. Since entering this trade it has moved down over 400 pips, I'm still in this trade. So far I've locked in around 300 pips profit.
Hopefully some of you took on this trade and made some good profit too.

USDCAD forex chart from Advanced Get
Good trading

AUDUSD pulls back to Monthly support

Good afternoon dynamic traders,
Hopefully you've all had a great week.
I've been keeping my eye on the AUDUSD for a potential reversal for around a week or two and now a reversal may be on its way.
As you can see on the monthly chart the overall trend of the AUDUSD has been up. Now we've had a pull back to the figure 0.8000 at an 886 also at a support level.














AUDUSD forex chart from Advanced Get

Looking on the daily chart we have a potential BOB with a multiple MACD convergence but we need to wait for the close. This is one to have on your watch list for next week.

AUDUSD forex chart from Advanced Get

The USDCAD trade is doing well, since I entered it a couple of days ago it has moved down over 200 pips. I've adjusted my stop again to lock in more profit.

I'm flying out to Dublin this weekend as I have a few meetings to attend and will not be back until late Monday evening so my next post will be on Tuesday.

Have a great weekend.
Good trading

123 Top - break even

I mentioned the 123 set up yesterday on the USDCAD, here is the same set up but on a 60 min chart. I entered this near the 886 reversal (3) with my stop 25 pips above the high. This morning my 1st position was exited and I've adjusted my stop on my 2nd position to break even. I'm now waiting for a obvious swing high before I adust my stop again. Earlier in the month I mentioned give your trades some breathing space, so now I'm just letting the trade run. If I get stopped out at break even I will still consider this as a successful trade as I've followed my trade plan and also lost no money.













USDCAD forex chart from Advanced Get
Good trading

Dollar Canadian Tags Monthly Trendline

Morning dynamic traders, below is a monthly USDCAD chart showing a resistance trendine. We covered situations like this on the dynamic trader webinars and as a result please put this forex pair on your watch list unless you are an aggressive dynamic trader in which case you will have taken a short position on the day after September 11th.



Advanced GET USDCAD Monthly Chart.

The USDCAD daily chart below shows price has touched the MOB and tagged 886 with a reversal candle followed by about a 150 pip drop. Above the MOB we have a resistance zone and at the pivot low we have a support level.

Watch this pair for a breakout / breakdown opportunity and at that time confirm the break with our usual confluence of events.



Advanced GET USDCAD Daily Chart.

Good trading...

Javid Shaik
Forex Analyst

Be the Casino

Good evening dynamic traders.
One of my favourite quotes which I think sums up successful trading is
"Be the Casino, not the person pulling the slot machine"
One of the main elements to successful trading is consistency. Making sure you have an edge (confluece of events) for every trade with good risk and trade management will ultimately lead to you being a successful trader. Keep in mind being stopped out and taking losses is all apart of the business of trading, it's how you respond to these which counts.

Regardless of the outcome of the trade you must be able to hold your vision and your state so that you do not get emotionally caught up. In my early days of trading I wasn't so good at this but now regardless of if my last trade was a win or a loss I always start from a neutral place. This enables me to act without hesitation or reservation on each of my trades.

Below is a chart of the USDCAD which has a good confluence of events for a potential shorting opportunity. This is one of my favourite set ups, a 123 top as it has a small capital exposure with a high probability of success.
Take note of the Doji at 1, MACD divergence (also on smaller time frames) and also use Fib.
Make sure you're always using a consistent approach, once you know what's working for you just keep doing it and following your plan.

USDCAD forex chart from Advanced Get

Yesterday I mentioned the GBPUSD ABC set up, since then it has moved up over 300 pips. I unfortunately didn't enter this trade as I was out last night and only got back in today so wasn't able to do my morning analysis. I heard a few of you entered this trade and made a good profit so well done to you guys.
Now just manage your positions. Note that you should expect this to go towards at least 18400 (using 100% Fib ext)













GBPUSD forex chart from Advanced Get
Good trading

ABC correction

I don't use Elliott waves a lot but yesterdays low on the GBPUSD 60min chart was taken out which could be an ABC correction (wave 2) taking into account the MACD convergence. I'm still orientated to the long side on this pair waiting for a good entry point.

GBPUSD forex chart from Advanced Get

Good trading

Euro Dollar Fights The Trend

Welcome to another week of trading dynamic traders.

What a day yesterday with the news out from the banking sector the FTSE dropped 250 points at one stage. I have said from the beginning of the year despite the bullish talk from the Fed that we are heading into a recession and the Indices proved that fact a few months ago. Since March this year more than 1200 points have been wiped off the FTSE 100. The S&P lost over 50 points yesterday and 250 points since May this year. With more jobs being lost in the financial sector as you read this forex blog we can expect more losses as time passes. Both the FTSE and S&P charts are below.

The Euro has started to fight back but right now from discretionary traders it is not a good time for long entries. Our system trade on the other hand has given us 2 long entries and 1 short entry since Monday on the Euro Dollar with almost 300 pips profit and less than 10 hours of trading.

For discretionary traders you can read how well our Double Deviation strategy has done on Anne's forex blog.

Charts are courtesy of Advanced Get. Data supplied by eSignal.

Read more about Advanced Get software.

Good trading...

Javid Shaik
Forex Analyst

Parallel Pairs

Last week I mentioned inverse currencies, you should also be aware of parallel currencies, these are currencies which move in a similar fashion.

A good example would be the EURUSD and GBPUSD.

We've had a pull back on the EURUSD smaller time frame but its beyond the typical breather level. So I had a look at its parallel pair (GBPUSD) and its has also pulled back but at the 50% breather level with a good candle stick reversal (on 60 min chart). This is one to keep an eye on for a potential long trade set up but use your risk management etc as normal.

GBPUSD forex chart from Advanced Get

Good trading

Inverse Currencies

I mentioned the USDCHF yesterday which is an inverse currency to the EURUSD. Remember it's very handy to look at the both of these together as one can help you trade the other. The EURUSD had a candle stick reversal yesterday at proximity to the figure 1.4000 with a divergence.
I haven't entered a trade in either of these as yet but they are on my watch list for next week. You need to qualify this reversal with your filter, I've used 1.5 as it's a reversal.














EURUSD forex chart from Advanced Get
Good trading

USDCHF Resistance

The recent trend of the USDCHF has been up but the longer term trend has been down. We've reached a resistance level so we now have to wait and see what the market is going to do. It is likely we could have a reversal but we would as usual need to confirm this with our filter. Note the figure 1.1400, 886 Ret of the recent high and a possible breather level (50%) from the longer term high to low.

USDCHF forex chart from Advanced Get

Good trading

Forex Updates

Good morning dynamic traders. I have not had a chance to do any updates on this forex blog and Anne has also not had any forex updates this week on the dynamic trader blog. This is primarily due to the arrival of our new car and although great to drive, at present it is very boring as we have to drive extremely sedately until we break the 1000 miles which we are finding is taking a bit of time.

A few of you have messaged me asking for a picture but at present I have not taken one other than what we took in the showroom which was under wraps which I have added below. I will take one soon and place the picture on here for those interested.

I would like to say that of all the cars I have bought, the Mercedes experience of this purchase was unlike any other so far. Once all the paper work was signed and finished with, we were taken on the track for a test drive (on their own car not ours) and then given a hand over where a specialist (not sales person) explains all the details of the car and syncs our mobiles and iPods. I have to say it was an excellent experience and not all Mercedes showrooms have the capabilites of this particular one so if you are looking to buy a new Mercedes Benz then drop me a quick line and I will tell you dealer we went to so you too can have the same experience.

We also have a Porsche on order and the Porsche experience was also very good but at present the Mercedes is streaks ahead. Unfortunately our BMW experience was very bland and I would say BMW have a lot of catching up to do to match either the Mercedes or Porsche experience.

Anyway, this update is to apologise for the lack of updates on Dynamic Trader blog from Anne and also to inform the car enthusiasts on here what we have been up to.

FXCPS will continue to be updated by Jagir short term and most likely beyond that too. Jagir I mentored originally almost two years ago and now trades with total commitment and a high degree of focus. He is a disciplined forex trader and so have asked for his daily analysis to help all of you currently learning to trade the forex markets. In the future I will approach other traders I have personally mentored to step forward and help you all with more trading analysis.

Good trading...


Forex Analyst

Javid Shaik

AUDUSD Support

The AUDUSD has been coming down since the 15th of July quite heavily but now it has hit a previous support/resistance level at the figure 0.8000. Looking at MACD and keeping an eye on CMO we could see a reversal but this trade will be against the current trend so a filter will be needed to confirm the reversal.














AUDUSD forex chart from Advanced Get
Good trading

123 bottom - 170 pip profit

Yesterday I mentioned the NZDUSD had hit a new support where we could see a potential reversal. This morning there was a good set up for a 123 bottom at 886 on the smaller time frames. I entered straight into this trade and I've taken profit on my 1st position and adjusted the stop on my 2nd position. As it stands in total from this trade so far I've made a 170 pip profit.

Below I've shown this mornings set up on a 60 min chart with todays move up. We've had a small pull back which could be a breather as its at the 50% level, this may be a good set up for a continuation but I will wait until tomorrow as todays move is greater than the daily range.














NZDUSD forex chart from Advanced Get

Good trading

New support - Double Bottom

I mentioned the NZDUSD a week ago, as you can see the support was broken and has moved to the next support level at the figure 0.6600. I am still watching this closely for a potential reversal where I will use my filter to enter a position.













NZDUSD forex chart from Advanced Get
Good trading

Give your stops some breathing space

I only check my trades twice a day, once in the morning and once in the evening so that's when I adjust my stops. This morning I adjusted my stop 15 pips above the the swing high on the USDJPY 1, 2, 3 top example I mmentioned yesterday and got stopped out by 1 pip, missing out on an extra easy 120 pip profit but 15 pips is what I have on my trade plan. Javid recommends 20 to 30 pips to avoid getting stopped out early on a winning trade. The aim is to let the profits run. This has now happened to me a couple of times so I've now adjusted my trade plan to give my stops a breathing space of 25 pips. One of the big lessons I learnt is that you have to trust your analysis and go with it. The more I do this the more profit I make.














USDJPY forex chart from Advanced Get

Remember we have Non Farm Payroll tomorrow so I will be taking the position of standing aside. My next update will be on Monday.

Good trading

Trading Mentors

Many traders find that after they have been trading for a while the magic wears off. Every trader needs to remember why they came into trading in the first place. For me it was a weekend seminar that Anne had booked for us 6 years ago this month. This was a life changing moment even though at the time I complained this is likely to be a waste of money. The speaker demonstrated how easy it was to trade and make lots of money and once he had everyone hypnotized with his visual presentation and slick talking he proceeded to upsell us to a more advanced course. I attended this only to find the course was anything but advanced and did not give me the information I needed to make money from the financial markets. What it did give me though was my the desire to be financially free so I decided I wanted to learn how to trade and so my trading education began.

After numerous courses and mentoring in the UK, US and Europe I managed to begin to develop my trading. I have spent a lot of time and effort learning how to trade, creating strategies and applying them to the markets and at the time my motivation was to be free of debt and employment. I have not worked in 6 years!

I achieved my goals from back then and look back at the time when I was going through my steep learning curve and I can honestly say it was so worth every late night, social weekend sacrificed, skipped breakfasts, late dinners and sometimes total frustration to getting to where I am now.

Next week I pick up my AMG and then I await my Porsche delivery. Prior to learning how to trade I was driving a mustard coloured VW Passatt company car which had about 80k on the clock. A lot has changed from 2002 when I started on this endeavour and I have met many traders along the way who helped me to get where I am.

Today's forex update is really a thank you to all those who have helped me with my trading journey. Some of my trading mentors are great traders and even though back when I first started trading they charged me an arm and a leg to learn from them, again I will say it was well worth it.

There are too many people to thank here but you all know who you are and I know some of you read my forex blog and I want to say a big thank you to all that have helped me over the last 6 years. It was not easy but it certainly was fun.

It is easy to get wrapped up in our every day routine and quite often many of us will forget why we do the things we do. Why wake up at 6am to catch the train for 7 to get to work for 9 to come home for 6 and get to bed for 11 only to start the same routine again the next morning? I know this provides an income at the end of the month but does it provide financial freedom? Im sure some will say yes but for most employees it does not.

If ever you have thought about getting finanical freedom then perhaps you too should look at trading the financial markets. In 2002 I could not see a way out of my financial situation and now I cant believe I was ever in that situation.

Trading is not fun all the time and has many moments of being unappealing but in the long run it can hold an extreme amount of financial and emotional gratification. Anyone reading this thinking about entering the trading enviroment, please understand trading is no different to learning how to be a pilot, doctor or racing driver. It will take time and practice like with any job but in addition also takes patience and self control.

Once again thank you to all that have helped me become a dynamic trader over the last 6 years.

Good trading.

Forex Analyst
Javid Shaik

1, 2, 3 example

Here's an example of a 1, 2, 3 top I traded this morning on a 15min chart with very low capital exposure. I exited my first position for at 35 pips and then adjusted my stop on my 2nd position to break even. As it stands I've made over 100 pips but I'm waiting for a significant swing high to lock in more profits by adjusting my stop.













USDJPY forex chart from Advanced Get
Good trading

Double Deviation

Those of you dynamic traders who have been trading yesterday with our Double Deviation strategy would have made some astounding profits and this moning too.

Yesterday if you had traded the currencies we trade you could have walked away with over 1000 pips profit and this morning you would be waking up to 250 pips at the time of writing this.
In reality you would not have taken all the triggers given on all the trades but even a profit of 100 pips would be a good days work. I understand Bijal who some of you know fromt he webinars made a litte under 200 pips yesterday so very well done Mrs Shah.

Below is the Advanced Get Euro Dollar chart. The entry was yesterday and you can see how much further it has moved down today using Double Deviation. We have also added today's daily pivot points.

Advanced Get Euro Dollar Daily Chart.

Dynamic Trader Forex Toolkit Daily Pivot Points.


You can read more about forex trading on Anne's forex blog.

Google has produced a browser which at first glance looks quite slick. The Google browser called Google Chrome was released today and can be downloaded below.

Download Google Chrome


Good forex trading

Javid Shaik

Triple bottom

The NZDUSD is potentially making a triple bottom with today re-testing the previous support at the figure 0.6800 and bouncing back up. Trade this according to your trade plan as you could be aggressive or conservative. I will probably open a more aggressive position tomorrow as today the NZDUSD has already moved approx 75% of its daily range and my stop will be below the support.

NZDUSD forex chart from Advanced Get

Good trading

Waiting for Breakout or Reversal

Morning dynamic traders, I am watching the USDCAD for a breakout or reversal as we are at a resistance with the figure. If we have a breakout then we will filter the move and if we have a reversal then we have to qualify.

If this pair does a continuation then 1.0850 zone will be the next resistance zone.

Good dynamic trading.

Anne Chapman.

Below is today's daily pivot points as per the Dnamic Trader Forex Toolkit and the daily USDCAD Advanced Get chart below shows the resistance level.

Potential BOB

Last week I mentioned to keep an eye on the USD/JPY, those who entered on a smaller time frame on the 1, 2, 3 set up, you should have managed your position by exiting your first position and adjusting your stops according to your trade plan and be in good profit.
For you more conservative traders we now have a potential BOB (need to wait for close) but be aware it could be a fake BOB so use the ESLT as a filter along with your confluence of events. Also be aware of the trendline which could act as a support.

USDJPY forex chart from Advanced Get

Good trading

Euro Dollar Elliott Wave A

Good morning Dynamic Traders.

The Euro Dollar weakened slightly over night on an intra day but taking a glance at the weekly chart we noticed the pair is sitting on a trend line in proximity to the figure. This may provide a bounce opportunity before a continutation to the downside.

From an Elliott Wave perspective it seems we are on Wave A with Wave B still to come.

We have UK Manufacturing PMI due out shortly this morning so stand aside.

Forex Analyst.
Anne Chapman

Advanced Get Weekly Euro Dollar Chart & Daily Pivot Points by Dynamic Trader Forex Toolkit.