Swissy breaks resistance!

Good afternoon Dynamic Traders,

The USDCHF broke the resistance level this morning and has potentialy found a new resistance at an 886 fib cluster. As it's Friday it'll be wise to wait till Monday before opening any new positions but this pair is one to keep an eye on for next week.
Note: this is a great example of when the maket doesn't move as anticipated but by having a solid trade plan and following all your rules you should still have made a small profit or at least been stopped out at break even.

Always keep in mind, capital preservation is one of the key skills of a successful trader.













USDCHF forex chart from Advanced Get

Good trading.

Take A "Euro" Look

Good Morning Dynamic Traders!

Weekend homework will lend itself well to the EURUSD in preparation for the week ahead.

The monthly chart below demonstrates a firm decline since July this year. Price has currently stagnated at a strong support and a suggestive fib level.

Additional analysis reveals that price could be further diluted towards 1.2, supported by a triple cluster and indeed another meaningful fib area.


EURUSD monthly chart Advanced Get

However, a "swing" trade mentality can paint a different picture.

Below is the daily chart.
Although transparent studies encourage weakness, other indicators may need to be deliberated to confirm the trend.
Note also the uncertain candlestick on the weekly chart.

My usual stance on a Friday is to wait in the wings as an observer. Trades will be executed with vigour early next week.


EURUSD daily chart Advanced Get

Have a lovely weekend!

Saba Jackson

Swissy, hits resistance on 60Min chart

Good evening Dynamic Traders,

The USDCHF has had a potential breather and looks as if it has hit a good resistance level. This should mean we can look forward to further movement down unless we have a BOB of the resistance level. For those of you in this position you should now be in good profit, as always manage your trade following your trade plan.













USDCHF forex chart from Advanced Get

Good trading.

The "Win Win" Mindset

Good Morning Dynamic Traders!

Many view "trading" as a game in which there is a clear loser and a clear winner.
Your analysis is either "right" or "wrong". The "right" reaping a profit and the "wrong" incurring a loss.

I believe that successful traders see only one option. Having the ability to gather consistent profits and gracefully accept nominal losses, regardless of a market betrayal, puts them in a "win win" position each and every time.

These winners will have planned a suitable entry point, calculated a minimal loss, and foreseen a potential profit - all BEFORE pulling the trigger. The result is evident! A well deserved reward or if the market jilts the analysis, either the trade is not triggered,or a small loss is accepted.

Create your own personal "win win" trading plan today!

Cable Review

Below is the 4 hour chart for the GBPUSD.

GBPUSD 4 hour chart Advanced Get

This pair rallied beautifully yesterday and early this morning to produce a very healthy harvest! (BLOG 29 OCT)
Recognise - the crop is only secure when gathered in a timely manner.

Dynamic traders should be managing their rewards carefully to ensure profits are protected.
Remaining positions should now be risk free exposing another "win win" scenario.

I will be guarding this pair in anticipation of a further rally towards the figure.
The market will undoubtedly tell it's own story.

A "winning" day to you!
Saba Jackson

Swissy coming down?

Good evening Dynamic Traders,

I mentioned the USDCHF a few days ago for a potential reversal set up and since then it has moved down a good 300 pips or so. For those of you in this trade make sure you're managing your position. Be aware of the next obvious support level.













USDCHF forex chart from Advanced Get


I've still had my eye on the EURGBP which has pulled back as I mentioned I thought it would into what now looks like a potential ABC correction which has fallen near a Fib cluster. There may be some long opportunities on this pair so keep your eyes open for good set ups.













EURGBP forex chart from Advanced Get

Good trading.

The Cable Crusade

Good Morning Dynamic Traders!

The pound has been losing it's battle against the Dollar since July this year.

Yesterday we saw a courageous advance, bullishly displaying a healthy reversal candle by close of play. This could signify a temporary end to the bold buck, which has dominated numerous currency battlefields during the last few weeks.

Below is the daily chart for the GBPUSD.

Having participated in the cable decline last week, my positions are ready to speculate a "cable crusade" towards a healthy resistance and fib cluster area.

Dynamic Traders may also benefit by seeking intelligence from the remaining two musketeers!

Take heed of news items due out this morning!

GBPUSD daily chart Advanced Get

Good Trading!

Saba Jackson

Analysis of analysis!!!

Good evening Dynamic Traders,

Today I just wanted to remind everyone how important it is to keep a diary of all your trades so at the end of each week you can analyze your analysis so you can clearly see WHY and HOW your weeks trading results were what they were; regardless of the fact if you finished with a profit or a loss.

Beeing my own biggest critic I ensure I give myself direct and honest feedback so if I'm doing well I know why and how; I then emphasise doing more of the same. If I've made mistakes and taken losses that I shouldn't of taken I again learn why and how; then ensure that doesn't happen again.

The whole business of trading is a learning process like anything else but in-order to get better you have to practice and be honest with the feedback. Some of my greatest learning and growth happens when I literally go through everything and spot things that may need to change etc.
There's always times where you're going to be wrong in this business so the aim of the game is to be very consistent in your approach, always ensuring you have an edge so each week will turn out to be a profitable one.

Good trading.

Visit The Dynamic Trader Blog.

Jack Of All Trades, Master Of None

Good Morning Dynamic Traders!

Having had the privilege to contribute to this website for just over a fortnight, you will have noticed
that my focus has been on no more than four or five currency pairs / cross currencies.

Within this modest choice, I have spotted infinite trading opportunities, which have been compounded by the intensely volatile movements in the market.

Recall from your recent mentoring programme - the key to successful trading lies in consistency.
I achieved this consistency by focusing on a small selection of currencies, very carefully chosen strategies and then repeating the pattern, time and time again.

Discover your trading personality, develop your trading plan, and become a "master" of one.

Below is the 60 minute chart for the AUDUSD.
Having demonstrated a significant downward march last Friday to the figure, price has now paused for a breather.

The weekly and daily time frames suggest that although the pace of decline may be slowing down, further feebleness may be found.

Momentum may be now building to charge back towards the figure and possibly reach out further to the next support and fib level close by.


AUDUSD 60 minute chart Advanced Get

Enjoy a commanding trading day!

Saba Jackson

Swissy Fake break out???

Good evening Dynamic Traders,

Below is the USDCHF weekly chart. The overall trend for the last 8 years has been down and now we've reached a resistance level at the figure 1.1600 with MACD divergence. Last weeks close was slightly above the previous high so we may have a fake breakout. I've got my eye on this pair for a reversal to the down side.













USDCHF forex chart from Advanced Get

Good trading.

Tighten The Reins!

Late Afternoon Dynamic Traders!

Having returned from a long weekend away, it is pleasing to observe that both the Loonie and Aussie have behaved agreeably. (Blog 23 Oct, 24 Oct).

My trading rules did not permit me to maintain these positions when the market is closed, but those of you who are still enjoying the trade, may wish to pay "aggressive" attention to your stops.

Below is the 60 minute chart for the USDCAD.

Your weekend analysis for this currency pair may have warned you that price could be reaching the finish line in the not so distant future.

But on further scrutiny, could there be one final furlong ahead of us?
The figure 1.3 is on the horizon and there may even be a challenging gallop towards a powerful resistance just past it.

As a "swing" trader, I am poised to pounce on an imminent change of trend, but as a "speculator", I may hitch a ride to the finish line - taking a very aggressive stance to minimise any bruising, should I fall off!

Your personal approach to trading will be the ultimate dictator!

USDCAD 60 minute chart Advanced Get

Good Trading!

Saba Jackson

Exit EURGBP for the weekend

Good afternoon Dynamic Traders,

I've been keeping you posted on my EURGBP trade this week as thought it may be helpful going through each step of my trade. A few weeks back I spoke about a manual exit of one of my trades. Even though I was right about the market coming back down it did move up a reasonable amount before reversing. Since then I've decided to always trail my stop and if I believe the reversal is near I will just tighten my stop. This is what I did with this trade and it paid of as we had another really good move up today.

I just exited my trade now for a total of nearly 300 pips (this would have been more if I was infront of the computer earlier today) The reason for exiting is because of the big candle stick reversal but more importantly it's Friday and I don't want to keep this position open over the weekend. I will be keeping a close eye on this pair next week for potential long trade set ups.













EURGBP forex chart from Advanced Get

Good trading.

Profits On CHFJPY & Crude Oil

Good morning dynamic traders.

After providing excellent profits, the CHFJPY is at the support zone I mentioned yesterday. The price has come down to $80 and bounced closing my position off. Well done those who have taken this trade as well as others trades using 3D.


Advanced Get CHFJPY Chart

I have mentioned since the beginning of the year on this site we are likely to have a recession. Britains economy has shrunk by 0.5% and although officially we are not in recession until the next GDP figures we are without doubt in trouble.

The Pound Dollar has dropped 50 cents to the Pound which is good for UK exporters but if we are heading towards a world recession then no one outside of the UK will really be looking to import so that doesnt help UK exporters. What it means for individuals is the short shopping trip to New York will be more expensive than it has been since July 2002.

It's not all doom and gloom. For dynamic traders it has been an excellent trading period as markets drop. With the big moves across the currency markets we may see the beginnings of oscillation so take appropriate action. The GBPUSD may find support at the 1.50 area.

As I have previously stated when oil was in the $100 area that it is likely to fall toward $80 and even $60. Well that has happened but it seems OPEC are not keen on falling oil prices so the noises are oil production might be cut to increase oil price. OPEC might be slashing oil by 1.5 millions barrels a day.

You can read my other update on www.fxcps.co.uk/blog

Have a good weekend dynamic traders.

Forex Analyst
Javid Shaik

Swing Lower,Sweet Aussie

Good Morning Dynamic Traders!

The AUD has also been subject to a price crash in light of attempts to restore the value of the Greenback.
Below is the daily chart for the AUDUSD.

We have seen this downtrend since July this year. Price is presently perched at a support area and a cluster with a wave 3 fib level.

The XTL clarifies that strength is still heading down. We may see a small retracement towards 0.68 before the journey resumes to the next support and the figure 0.6 thereafter.

Conduct your own studies to ensure the presence of a confluence of events.
The techniques acquired in the recent mentoring webinars will stand you in good stead to view the"bigger picture" and time your entry and exits diligently.

It is always worth considering your positions prior to the Friday close.

The switch to GMT this Sunday is a reminder to change the "daily pivot" study accordingly.


AUDUSD daily chart Advanced Get

My next update will be on Monday afternoon.

Enjoy the weekend!

Saba Jackson

Wave 5 zone

Good evening Dynamic Traders,

The EURGBP has been moving up quite well since I mentioned it on Tuesday. It has moved up nearly 200 pips since I entered it. The chart below is a 4 hr chart which shows we could be producing a wave 5 (Elliott waves) so I'm now trainling my stop quite tight to the price on a smaller time frame. I would expect the market to pull back before moving up further. So those of you that may still be in this position you should have scaled out and/or be adjusting your stops as the price moves up.













EURGBP forex chart from Advanced Get

Good trading.

Pivot Points, Double Deviation & 3D

Hello Dynamic Traders.

I am interested in squeezing in a few things this afternoon before Jagir updates the FX blog with his chart analysis for the day.

Below is today's pivot points and also the spreadsheet for my Double Deviation strategy. You will see today has been another good day across many currency trades using Double Deviation although the reality is you would not have taken all of the trade set ups but even taking one trade would have pocketed you a nice sum.

In addition I have short positions with 3D on CHFJPY which I imagine some of you may also have taken too. The positions are all managed and I will look to scale out further prior to $80 in case of a figure bounce.





Dynamic Trader Forex Toolkit

I hope you are all enjoying a great forex trading week. Excellent profits have been produced using the strategies we have shared with you all on our mentoring webinars and one to one mentoring. Jaco has recently left me a message with his outstanding returns of over 1350 pips.

Well done to Jaco and to all of you actively using what we have shown you.

For those of you who are not already aware, Anne has her own forex blog she updates which you may want to visit. Anne's forex blog.

Good trading...

Forex Analyst
Javid Shaik

The Bigger Picture

Good Morning Dynamic Traders!

Have you ever had an opportunity to study a painting or a photograph in some detail? Do you recall the thought patterns that triggered through your mind? Perhaps you were filled with joy or consumed with sadness?
If I asked you to re-examine the picture, but this time, from a different perspective and at a contrasting point in your life, would you experience the same sensations?
In fact, if you were to ask a colleague for an opinion on the same, what would you expect to hear?

You see, each of us is unique - and our individual perception of what we see, feel and hear at a particular point in our lives, is incomparable to that of another.

The same emotions apply to our trading patterns. The successful trader will have the ability to analyse a chart from different perspectives and with a neutral state of mind.

Below are two charts for the USDCAD; one is the weekly and the other is the 60 minute.

The weekly chart reveals to me that price is enjoying a vigorous uptrend. In fact, the candle is determined to break through the next resistance level at 1.27 and reach for the figure1.3.
MacD confirms the same.
"I see a clear long position."


USDCAD weekly chart Advanced Get

The 60 minute chart paints a contrasting picture. Price is flagging - it has created it's own resistance and appears to be losing upward momentum. It could be heading towards the trend line support. In fact, MacD confirms this to be the case.
"Is this a super shorting opportunity?"


USDCAD 60 minute chart Advanced Get

My personal trading style dictates that I assume a "long" position...... but when the time is right!
Having observed the chart from different perspectives, I believe I have made a balanced judgement, ensuring the probabilities are in my favour. I am also prepared to accept a small loss having employed rigid risk management techniques.
Finally, I can smile and enjoy the rest of my day!

Dynamic Traders, be certain to analyse your charts from all angles and confirm
"the bigger picture". Success is sure to follow!

Be mindful of the expected volatile US and Canadian news due out today!

Snappy trading!

Saba Jackson

Good profit on EURGBP; Text book ABC correction

Good afternoon Dynamic Traders,

I've been mentioning the EURGBP for a while as I did yesterday. This trade which I entered has moved up quite nicely. Since my entry it has moved up over 150 pips, I've exited my first position (on a limit order) and adjusted my stop on my 2nd position this morning to entry point. Since then we've had a further move up and now I have my stop on the most recent swing low.














EURGBP forex chart from Advanced Get

Below is the USDJPY and we have what looks like a text book ABC correction, we have a fib cluster (including the 886) at the figure 98.00 with MACD convergence and a few other confluence of events on smaller time frames. It looks as if the next move will be to the upside so I placed an order on a smaller time for a long position.














USDJPY forex chart from Advanced Get

Good Trading.

ABC correction (123 Bottom??)

Good evening Dynamic Traders,

I put an order in this morning for the EURGBP as we had a breather at the 50% Ret with a tweaser candle stick reversal. I was entered on a swing high on a smaller time frame. This is one still to keep an eye on for further potential set ups.














EURGBP forex chart from Advanced Get

I've recently done my analysis on the GBPUSD and I've just put in an order to go long on a 1 BH (Very tight stop) as we have what looks like a 123 bottom at an 886 or for those of you who use Elliott waves an ABC correction which has pulled back to the 886. Note the MACD convergence with the other confluence of events.
This potentially could be a very good trade but as always I'm only risking 3% no matter how good the set up looks.














GBPUSD forex chart from Advanced Get

Read our other forex blog here.

Good trading.

The "Big Breather"

Good Morning Dynamic Traders!

During my earlier trading days, I would experience immense frustration when the market challenged my analysis! This happened more often than not and indeed still does!
After many months of hurling blame on all and sundry, followed by a period of deep hibernation (the big breather), I awoke to discover the "value" of these experiences.

I cannot stress enough the importance of examining your trades - be they favourable or otherwise. Analysing a potential trade before taking your position is material, but studying the same after your trade is complete, is crucial to your trading success.

View your"big breathers" as a creative opportunity to do just this and learn from the knowledge you gain.

CURRENCY REVIEWS

1.USD JPY
The weekly chart shows that the figure 100 is proving to be a stubborn support refusing to break and close below the long term trend line (blog -14 Oct)

Below is the 4 hour chart
After last week's initial decline, price found a new resistance at a meaningful fib level early this morning and is, so far, abiding by the123 top analysis.
The Oscillator also suggests a nice set up for a wave 5 continuation.
But as always - confluence your events!


USDJPY 4 hour chart Advanced Get

2. GBPUSD
Yesterday the Cable presented us with an eventful spectacle. Volatile news confirmed momentum to the downside (blog -15 Oct) and indeed further weakness may be found.
However, both the daily (below) and weekly charts indicate a reversal may be due in the not so distant future.
With governer King announcing today, I am content to sit on the "support" fence until a convincing set up materialises.


GBPUSD Daily chart Advanced Get

My next update will be on Thursday morning.

Happy trading to you!

Saba Jackson

Fake break out - Double bottom

Good evening Dynamic Traders,

On Friday I mentioned there was some consolidation on the EURGBP, today we had a fake BOB which came down to the previous support and then bounced back up. Now we have a double bottom at the figure 0.7700. Also note the candle stick reversal on the daily chart. This is still on my watch list for potential long trade set ups.














EURGBP forex chart from Advanced Get














EURGBP forex chart from Advanced Get

Good trading.

Candlestick Tip-Off

Good Morning Dynamic Traders!

Having enjoyed almost eight years in an upward trend, the CADJPY has been suffering a sharp tumble since November 2007.
Indeed, indications confirm that price has significant weakness left.

Yet, the daily chart (below) has revealed a bullish dragonfly doji at close of play last Friday, whilst the weekly chart modelled a very confident spinning top.
Price is also at a decidedly extended fib level and should be longing to head back towards the value index.

We may see price retrace towards the figure 90. Look for your confluence of events and if appropriate, use the smaller time frames to confirm a safe entry point.

Recognise that going against the trend requires responsible use of the ESLT.



CADJPY daily chart Advanced Get

Have a nice trading day!

Saba Jackson

EURGBP consolidation

Good evening Dynamic Traders,

Here's a set up to keep an eye out for next week.
The EURGBP has been consolidating for the last 4 days, now I'm waiting for a BOB before going into this trade.
I'm favouring this pair to the long side as the overall longer term trend is up and we're also at an 886 level but still I will wait for a BOB.














EURGBP forex chart from Advanced Get

Good trading

Loonie Tuning Out

Hello Dynamic Traders!

The USDCAD monthly chart reveals that this pair's long term downtrend was compellingly betrayed in October.

Below is the weekly chart for the same.
Observe how last week's soaring candlestick has been followed by an indecisive spinning top.
In addition, the "pop and drop" suggests the figure 1.2 is now on trial.
It is also worth noting the proximity of the value index to the price on the monthly chart.
Could we now be approaching a period of consolidation?

Other studies will supply you with an abundance of clues!
Your recent mentoring together with sound weekend analysis may furnish you with a good "swing" trade next week!

Being a Friday with expected US news, is due warning to settle your positions with care.

USDCAD weekly chart Advanced Get

Have fun with your weekend study!

Saba Jackson

Could this be another 123 top?

Good afternoon dynamic traders,

I've been stopped out of my USDCHF trade for a small loss of less than 3% which is all apart of the business of trading. Always keep in mind when trading any position "how much could I lose?" this will keep your emotions intact regardless of the outcome. I always use the 3% rule which allows me to act on my trade set ups without hesitation or reservation.

Below is a daily chart of the USDCAD which looks to be forming a 123 top. Take note of the previous resistance which we haven't closed beyond, the candle stick reversal and also the figure. I was looking to short this pair this morning but I didn't have my prefered entry set up. Now I'm waiting for a BOB on a smaller time frame of a trend line.














USDCAD forex chart from Advanced Get

Good trading

How Low will Yen Go?

Good Morning Dynamic Traders!

The USDJPY has observed the analysis of the 14th October making a significant downward move.
The "price" support at 100 is still unsettling the trend, but this may be a temporary setback.

For those Dynamic Traders who employ the BB strategy, another chance to ride the wave is on the horizon.... indeed this may a good "scaling in" opportunity too.
Remember the confluence of events.

Be warned - profits may be sweet, but are only secure through the practice of effective trade and risk management.

Below is the 4 hour chart demonstrating the decline.


USDJPY 4 hour chart Advanced Get

Happy Trading!

Saba Jackson

Dynamic Trading Success

I wanted to give some congratulations to a few dynamic traders.

Yesterdays update mentioned Adrian had accumulated 350 pips using 3D. This morning I heard from Zaheer who had made approximately 300 pips with 3D. Saeed made 40 pips and closed his position off a little too early which if he had not would have netted him 150 pips but it was going into out of hours territory so he did the right thing.

A few days ago Bijal had accumulated 120 pips on the GBPUSD using Chicago I believe.

It is really good to hear from you all and a big well done for the success so far.

Thank you also for the excellent forex updates from Jagir and Saba.

Good dynamic trading...

Javid Shaik
Forex Analyst

CHF follow up

Good afternoon Dynamic Traders,

I hope you've all had a fabolous start to the week.
I mentioned a potential ABC correction on the EURGBP on monday, I entered this trade yesterday and got stopped out for a small loss this afternoon. This is still on my watch list as the daily looks like it's making a candle stick reversal at an 886.














EURGBP forex chart from Advanced Get

The other day I also mentioned the 123 top on the USDCHF, I had a look at this again this morning and it was making a pullback towards a 786. I put a limit order in on the break of a trend line on the 60M chart, I was triggered in between 5 - 7 am. Presently i'm in a small amount of profit and now I will just manage this trade.














USDCHF forex chart from Advanced Get

Good trading

Bouncing Cable Cars

Good morning Dynamic Traders

The GBPUSD has been merrily downtrending since November 2007 and more recently since July this year.

The daily chart reveals that it has recently bounced off a noteworthy support level just above the figure 17000, which tallies with a predictable wave 5 fib extension.
But are we just experiencing a breather?

The 4 hour chart below shows that price is presently a little nervous. The support and resistance lines are nicely containing the miniature bounces, but at some point it will decide which way to go.

My analysis reveals that price is keen to head downwards towards a wave 5, but there may be a possibility of price testing the fib resistance at 17730 beforehand.

The UK and US news due out today is clearly contributing to the indecision, but once released, should also give rise to a meaningful move.

Remember to apply your ESLT rules diligently before taking your positions!

GBPUSD 4 hour chart Advanced Get

Enjoy the ride!

Saba Jackson

CHF 123 TOP

Good afternoon Dynamic Traders,

The USDCHF has made a potential 123 top yesterday so they may be some good short trade set ups. This is now on my watch list, I'll be checking this pair tomorrow morning. Take note of the candle stick reversals and the longer term trend. Also look at the other time frames for additional confluence of events.













EURGBP forex chart from Advanced Get

Good trading

8 Positions & 350 Pips

Good afternoon dynamic traders.

Those of you on the recent Dynamic Trader webinar saw my 3D strategy and since then Anne and I have had many emails thanking us for sharing this with you. We both really appreciate your kind words and thank you all for taking the time out to write to us.

I just wanted to give you a brief update on Adrian who emailed me with his trades using 3D which he decided to implement almost immediately. Today Adrain has taken 8 positions. 1 has broken even, 4 are closed with profits between 40-50 pips each and 3 are still running with profits. In total using 3D Adrian has accumulated a profit of 350 pips. Well done Adrian and congratulations on a good days forex trading.

We look forward to hearing some more success from the rest of you who attended the Dynamic Trader webinar.

I also know some of you who referred to my Dow analysis have gained quite some profit. Congratulations to you all as well.

Good dynamic trading...

Javid Shaik
Forex Analyst

Will the Yen Trend be your Friend?

Good morning to you Dynamic Traders!

One of my favourite currency pairs is the USDJPY. Much of my learning and progress was achieved by trading this pair.

We have seen a long term downtrend since June 2007 and most recently since August this year.
Notice the break and close below a major support level last week. Both the MOB and Elliot wave 5 prediction, together with at least three other studies indicate there may be significant weakness left in this trend towards the figure 90.

But...be aware of the hurdles in between! We have a long term trend line sitting just below today's candlestick at a significant "price" support.
The daily chart shows a retracement is in progress coinciding with the Elliot wave 4 breather.

A potentially healthy set up could be forming soon to "sell the rally" for a continuation of the downtrend to the next support at the figure 95 and 90 thereafter.
Your FIB knowledge should help you to identify your entry area together with other confluence of events.

This is one for my watch list!


USDJPY Weekly chart Advanced Get

Enjoy your trading!

Saba Jackson

EURGBP ABC

Good afternoon Dynamic Traders,

Welcome to another week of successful trading.
On Friday I mentioned the EURGBP making a possible ABC correction and now it looks to be unfolding that way. I have this pair on my watchlist ror a swing trade to go long but some of you may have spotted a good short term shorting opportunity this morning for a 123 top. I unfortunately was away from my computer so as it stands I haven't opened any new positions this week as yet but the markets present a load of opportunity for good profits.














EURGBP forex chart from Advanced Get

Good trading

Dow Could Bounce

Hello Dynamic Traders.

I am updating my forex blog on Sunday afternoon whilst doing my technical analysis in preparation for the week ahead.

In this economic crisis, last week saw some major down moves on the market and the saying the trend is your friend would lead everyone to continue shorting but I think we might see a bounce this week. A bounce is of course going against the trend not to mention the excess volatility we have witnessed recently and as a result would be a high risk position to take.

Below I have added a monthly chart of the Dow Jones 30. Note the support levels, the 200 moving average and the figure.




Dow Jones (Monthly) Advanced Get Chart

Below is the daily chart of the Dow Jones 30 and you will note the reversal candle. It is also in close proximity to the fib reversal 886 point.



Dow Jones (Daily) Advanced Get Chart

Lastly I have added the S&P 500 daily chart below and again the figure and candlestick reversal shows encouraging reasons for a bounce. Again, we have close proximity to 886 fibonacci.



S&P 500 Advanced Get (Daily) Chart

Don't get me wrong, I still see the markets heading further south unless we have good technical analysis showing otherwise but a bounce looks forth coming.

Right now a lack of trust and fear seems to be a catalyst to the panic we have seen in the markets.

We will have to wait and see if the Governments packages have a positive effect on the markets short term and long term.

I wish you all good dynamic trading...

Javid Shaik
Forex Analyst

AUDUSD 123 Bottom

Good afternoon Dynamic Traders,

You may have seen the EURGBP moved up another 100 pips after I exited my trade but but we still have a MACD divergence which suggests the immediate upside is limited. This now also looks like an Elliott wave count of 1,2,3,4,5 and now possibly on an ABC correction.













EURGBP forex chart from Advanced Get.

I entered the AUDUSD this morning on a 123 886 with small capital exposure. Since then I've exited my first position for a 125 pip profit and I've adjsuted my stop to the swing low with a little room for breathing space. This is now gaurenteed at least a small profit of 43 pips.













AUDUSD forex chart from Advanced Get

Good trading.

Manual exit

Good evening Dynamic Traders,

Its not often I exit a trade manually but trading is a business and like every other business there are going to be times where you need to make decisions. My preference is to get stopped out for profits because its more mechanical and its easier to keep your emotions in check. I haven't been able to get to my computer until now since yesterday afternoon and as soon as I looked at the EURGBP I saw a potential reversal to the down side with my prefered confluence of events. So I made the decision to exit my 2nd position for a 180 pip profit (over 220 in total). I still think this market will move up but after a pullback so it's still on my watch list.
Note the candle stick reversal at an 886.













EURGBP forex chart from Advanced Get
Good trading.

2000 Pips Missed

Good afternoon dynamic traders.

I was speaking with a friend earlier today and he was telling me how he was doing his analysis on the GBPAUD (weekly GBPAUD chart below) late yesterday and prior to placing the trade he fell asleep. When he checked the chart after he woke up he noticed a big move that he unfortunately missed. The move he missed was in the region of 2000 pips!

Circumstances like this where trades are missed are all part of the reality of trading and sometimes frustration takes over and in a moment of madness we break all our rules and chase a trade to get revenge on that missed opportunity. This is where discipline needs to come in and rules have to be followed.

Many of you often ask about Turkey Catcher who I mentored on forex a couple of years ago and want to know how he is getting along. I can tell you Barry is living the best years of his life. Those were his words not mine. He has a wonderful wife and they both trade the forex markets. Neither are employed anymore and have a great lifestyle. Last month Barry earned over 20k and this month he has over 10k so far.

Over a year ago when Barry decided to leave his job and trade full time he was very worried. I have seen Barry go from minimal knowledge on trading to being a full time trader and living the life he told me he wanted from the start of his journey.

Well done Barry and enjoy your financial freedom as well as your helicopter lessons.

Below is the weekly chart of the GBPAUD. You will see this weeks price movement was halted from previous resistance.



GBPAUD Advanced Get Weekly Chart.

Good dynamic trading...

Forex Analyst
Javid Shaik

EURGBP Reversal

Good afternoon Dynamic Traders,

I mentioned the EURGBP yesterday which I entered on a 123 886 bottom and now I've adjusted my stop to its entry point. Since entry it has moved up over 140 pips. I will now look to trail my stop as the market moves up. For those who were infront of your computers at 7 am there was another pull back to an 886 with a candle stick reversal which would of been another good entry point.

EURGBP forex chart from Advanced Get
Good trading.

Resistance zone

Good afternoon Dynamic Traders,

The USDCAD is in a resistance zone so we could see a possible reversal. Currently we're in proximity to the figure 1.1000 with a MACD longer term and short term divergence on the daily chart.

USDCAD forex chart from Advanced Get

I entered this trade on a smaller time frame yesterday evening as there was a good entry point with a double top and a candle stick reversal. Since then I adjusted my stop this morning to entry point and exited my 1st position for a 41 pip profit. My 2nd position has since got stopped out. I'm still keeping my eye on this pair for another good short entry.













USDCAD forex chart from Advanced Get

The EURGBP has come down to a potential support area. This is one to keep an eye on for a reversal.













EURGBP forex chart from Advanced Get

I entered this trade this morning on a 123886 reversal which had very low capital exposure. I've since exited my 1st position and I'm now still in this trade at break even.













EURGBP forex chart from Advanced Get

Good trading.

Sterling Decline

Good morning dynamic traders.

The Pound Dollar has been on the decline since November 9th 2007. After good support at 1.93 region had been breached in August 2008 this pair continued it's downtrend.

Currently GBPUSD is trading at 1.74 zone and entered into the sell zone on Monday with the next major support level at the 1.70 area. This will be a key area to watch as a breach of this will see further declines. However, if this pair levels off here then look for a 123 set up. If we do not see a break of support then we will probably be in indecision territory and the next hand being dealt is likely to be one of consolidation. The rate decision on Thursday will be a big factor for the direction of Sterling Dollar.

Dollar hits 6 month low against the Yen on Monday but gained against the European currencies. Concerns are increasing over the finanical system in the UK. Here's a good luck bull for the markets.



A few news releases for Tuesday you should be aware of:

UK Manufacturing
President Trichet
President Bernanke
FOMC Minutes
Australian Home Loans

Anne and I would like to congratulate SJ on her trading since completing our mentoring webinars. My understanding is SJ has persistenly and stubbornly followed our strategies without deviation and as a result she is achieving her consistency. Well done!

Lastly, since the last two weeks our inbox has collected over 1300 emails and it will take us a few days to go through them all. Those awaiting a reply please be patient and we will reply to everyone in turn. Should you not have recieved a reply by the end of this week then please resend your email as it may have found it's way into our spam folder.

Anne's Dynamic Trader Blog

Good trading...

Forex Analyst
Javid Shaik

AUDUSD next support level

Good evening Dynamic Traders,

I received a call from Javid today and I was informed some of you have been making very good profits over the last two weeks using some of the analysis on this site so well done to you guys. Also Javid tells me he took up some of the trades himself to make some very good profits so well done Javid. It's great for me to hear that people are finding my updates useful towards their trading, it will motivate me even more to make sure I'm giving you guys my best. Please do ensure you do your own analysis to before entering any trades so you know why you're making or losing money.

The AUDUSD broke through the support I mentioned yesterday and has come straight down to the next support level. This is still one to keep an eye on for a potential reversal or a further continuation of its current trend. Note that we're in proximity of the figure 0.7000.















AUDUSD forex chart from Advanced Get
Good trading

Swissy Entry Point

Welcome to another forex trading week dynamic traders.

I have been looking at the USDCHF for either a reversal or breakout and continuation.

Advanced Get Elliott Waves shows a good wave 5 set up with wave 4 behaving well. The MOB is shown on the chart to identify a possible target. XTL is flat at present.

Alternatively, discarding Elliott Waves, this chart shows a reversal potential based on the figure, divergence and a possssible double top pattern.

It is 2.30am Monday morning at the moment and I will await to see what happens when I wake up to decide my position on this. This is also going to be decided by the markets reaction to the 700 Billion bailout approval.

Whether we have a continuation or reversal, this pair could provide some excellent profits in the coming days.

CHFJPY is at a support level this morning. If you are still in this trade based on this forex analysis then now is another time to manage that trade.

Click here for Anne's forex blog.




Swissy Daily Advanced Get Chart

Forex Analyst
Javid Shaik

Possible Double bottom

Good evening Dynamic Traders,

Hope you've all had another fabolous weekend, the fun begins again with another fun week of trading.

I was just having a quick scan of my charts for potential set ups this coming week. The AUDUSD is one to keep an eye on. We've got a potential double bottom with MACD convergence at the figure 0.7700. Now all we need to do is wait for a confirmation to enter this trade. Note the overall longer term trend is up but the recent trend has been down so we do want a good entry point so we have minimal risk and high probability of success.
















AUDUSD forex chart from Advanced Get
Good trading

Swissy Yen Support

Good evening forex traders.

Those dynamic traders that took the CHFJPY will be 400-500 pips in profit at the time of writing this which is not bad for a couple of days work. Ok, let's be honest, it's a little more than the average monthly salary so well done to all the dynamic traders for doing your own analysis prior to placing the trade. I have moved my stop very tight on this cross now in case we have a bounce from previous support.

Some of you will have seen a convergence going on and may even have closed off your trades which is fine because you cant go broke taking profits!



CHFJPY Daily Advanced Get Chart

We have left New York now and arrived in Boston a little while ago. Anne's Dynamic Trader Blog update will be sometime next week. She is too busy admiring her new watch at the moment.

Below is a photo we took from the top of Rockefeller in the direction of the Empire State Building.



Good trading...

Javid Shaik
Forex Analyst

Consistency

Good evening Dynamic Traders,

Today I got stopped out of my 2nd position of the NZDUSD pair for a small overall profit. One of the key elements to successful trading is consistency. This means being able to consistently follow your trade plan, enter set ups that meet your criteria without any hesitation or reservation etc This makes the whole business of trading very systematic and simple. Being able to follow your rules will ultimately lead to success.

Tomorrow the Non-Farm payroll is out so I wont be trading and currently all my positions are closed so my next update will be on Monday.

Good trading.

Parallel Pairs - AUDUSD & NZDUSD

Good evening Dynamic Traders,

Yesterday I got stopped out from the AUDUSD for a very small profit. One of the keys to successful trading as I mentioned before is capital preservation, the reason for exiting my first position relatively early is so that if the market moves against me I minimise my lost and in this case come out with a small profit.

After getting stopped out of the AUDUSD I still had this pair on my watch list for a long position but I thought I'd have a quick look at its parallel pair NZDUSD to see if there was a better set up. I actually mentioned this pair around a week ago for a short position and since then it moved down over 200 pips.
This morning I went long on this pair after we had a good 618 pullback.














NZDUSD forex chart from Advanced Get


I entered this trade on a hourly time frame as we had a double bottom with MACD convergence with a few other confluence of events I normally look for. I've exited my 1st position and my stop on my 2nd position has been adjusted to just beyond break even so I'm again at least guarenteed a small profit.
















NZDUSD forex chart from Advanced Get
Good trading