It's all down under

Good Morning DTs,

Hope you had a great weekend. Spooky how quickly December has crept up on us, almost time to say goodbye to 2008! A couple more weeks of good currency trading still left so here is the AUDNZD Daily chart.

The trend has been up since October time and price has steadily climbed up. Price is now close to the figure, support turned resistance which is also a key Fib level. MACD is showing divergence on multiple timeframes. All the signals indicate a possible reversal. Wait for your confirmation of pullback or BOB before entering a position.















Fortunate trading!
Bijal Shah

"Effort only releases its reward after a person refuses to quit."
Napoleon Hill


Read Anne's forex blog here
Read FXCPS.co.uk forex blog here
Follow Javid on Twitter
Follow Anne on Twitter

Happy Thanksgiving

Howdy Dynamic Traders,

Due to Thanksgiving the US markets will be shut on Thursday, there will be low liquidity and probably low volatility over the next day or two. I will be staying out of the markets and my next update will be on Monday.

Have a super weekend!
Bijal Shah

Bentley GTC

As you may already know from Anne's post yesterday at Dynamic Trader Blog that we spent all day driving the Lamborghini Murcielago and I can certainly say that car is off my shopping list now. Good looks and lovely sound but horrible to drive. Today we spent the day driving the Bentley GTC which is a second slower than the Lamborghini from 0-60 at only 4.8 seconds. Both share almost the same top speed at near 200 mph but the Bentley is so much more of a car.

We dropped off the Lamborghini and picked up the GTC and in less than minute we both turned to each other and thought this is going to be a good car to drive. It has a roar to it be it some what more discreet than the Lamborghini but it is smooth and fast at the same time. It has a GPS, TV and is so so comfortable driving at either 30 mph or faster speeds. All in all the GTC is one amazing super car.

As promised for all the car enthusiasts who read our sites, I have added some pictures of the Bentley below.









Good trading...

Javid Shaik
Forex Analyst

CADJPY head and shoulders

Good Morning Dynamic Traders,

The CADJPY has enjoyed a short rally for a couple of days. On the 240 timeframe price has tagged a trendline and retracted back. The current candles show indications of a breather before a continuation up or a pullback. Price is making higher lows and MACD is making lower highs.














I have also included the 15 minute chart, not usually my preferred style of trading but it shows an interesting chart pattern. What I see is a possible head and shoulders formation. Whatever kind of trader you are, it is worth waiting for a BOB before entering the trade.

The Cable made around 550 points to the upside today, well done to those of you who are persisting and being able to capture some pips.

I will leave you with a question to ponder on until tomorrow..
What would you attempt to do if you knew you would not fail?

Happy Trading

Bijal Shah

Read Anne's forex blog here
Read FXCPS.co.uk forex blog here
Follow Javid on Twitter
Follow Anne on Twitter

Pumpkin Pie

Good day DT's,

As our friends across the pond prepare for Thanksgiving, the markets are such that we should do some giving of thanks of our own. What a great day Monday was (apart from the cold), well done to those of you that got a piece of the pie. I made close to 400 pips on the Loonie and am still in my 3rd trade, risk free and managing my position.

I have posted the EURUSD and the Swissy today. These are known as inverse currencies. The EURUSD on the weekly chart shows lots of reversal candles and then a bullish candle and MACD coming towards the 0 line.

On the daily chart the break of the trendline is apparent with a convincing bullish candle which is heading for the figure and a couple of resistance levels. The conservative trader may wait for confirmation of reversal once price has surpassed the immediate resistance levels.















The Swissy weekly chart shows a possible tram track formation (not yet confirmed). Price may find a hurdle at the 200 MA which may act as support. The swing trader may wait for price to get through this support before entering the trade.

The 240 Swissy chart shows price has broken a trendline and is heading south. MACD is following price action. Next support level has been drawn in on the chart below.

Abundant trading!

Bijal Shah

Read Anne's forex blog here
Read FXCPS.co.uk forex blog here
Follow Javid on Twitter
Follow Anne on Twitter

"Your brain can hold the equivalent of twenty-five million books. The Library of Congress only holds seventeen million."
Richard Swenson, MD

Anne's forex post

You can read Anne's forex update here.

Good trading...

Javid Shaik
Forex Analyst

Dow Jones hiked south

Happy Friday Dynamic Traders,

What an interesting day Thursday was! The Dow Jones produced instant results after writing the blog, it produced an opportunity to make profits of 500 pips on the downside and ended up at the 7500 level. Next major support on the Dow is at 7192. The CHFJPY has continued to be gracious and headed south a further 300 pips.

Since mentioning the EURCAD at the 50% level where it was finding resistance, it has continued up to 618 yesterday and to a key Fib reversal level today. On the 60 minute chart below you can see some signs of reversal though not fully confirmed so if you were planning to trade this, 3D would be very good to use here on a break either way.














Similarly, the EURNZD mentioned earlier this week has gained strength today, broke through previous resistance and has tagged the 2.400 value today. The 30 minute chart shows signs of potential reversal with candles and MACD.

Have a fantastic weekend, looking forward to next week as Thanksgiving in the US always make the markets an interesting place to be.

May the force be with you
Happy trading!
Bijal Shah

Read Anne's forex blog here
Read FXCPS.co.uk forex blog here

"Kind words can be short and easy to speak, but their echoes are truly endless."
Mother Teresa

Keeping up with the Jones' (or not as the case may be)

Buongiorno Dynamic Traders,

Welcome to Thursday's analysis, it means for most people the weekend is close by (yea) but for currency traders the markets are soon to close (boo).

The EURCAD (mentioned on Monday) has persisted and managed to break through the resistance level which it was finding difficult to penetrate for the last few days. It has gone towards the 618 level, close to the figure and is having a breather. MACD divergence is apparent, this will still remain on my watchlist to enter when the time is right.
The CHFJPY mentioned on Sunday's post has broken down today and provided nice profits, I am now managing my second position.

Dow Jones

The DJI finished 427 points lower today.
I have shown the monthly, daily and 240 timeframes below. The monthly shows price has hit a key Fib reversal level. MACD is showing strength to the downside so in the longer term there may be further weakness to follow.














On the daily chart the support level and the figure at the 8000 level will act as key support for price. Opportunity lies when there is a definitive break of this level and ESLT with BOB can be used for a good entry.

The 240 chart however shows MACD convergence. Given that price is coming down to retest this psychological level we may see a pullback before we see the BOB.

Happy Trading

Bijal Shah

Read Anne's forex blog here

Read FXCPS.co.uk forex blog here


"Your worth consists in what you are and not in what you have."

Thomas A. Edison

"I have never developed indigestion from eating my words."

Winston Churchill

AUDCAD consolidation before breakout

G'day Dynamic Traders,

The GBPJPY has provided some nice rewards on the pullback. The Swissy is still making HH and LL but note there is divergence on multiple timeframes so this continues to be on the watchlist for a pullback.


The AUDCAD weekly chart below displays several recent indecision candles. MACD is following price which is close to a significant figure.The daily chart of the same pair shows a triangle formation. Price has retraced to 50% Fib but failed to close above it for many days. As it comes into a squeeze/breather, a break out/down is likely. As Mark Douglas says "No one knows what is going to happen next in the markets" so this could happen today or it could happen in a few days all we have to do is be prepared for it.

Happy Trading!

Read Anne's forex blog here

Read FXCPS.co.uk forex blog here


Bijal Shah

Patient trading

Bonjour Commerçants Dynamiques,

True to its form the Cable very kindly reversed and generously provided over 400 pips to the upside today. In addition the Swissy yielded some healthy profits on the downside. Well done to those of you that have been able to take the opportunities as they present themselves.

EURCAD
Price has made attempts to break the resistance level multiple times but failed to break through decisively. Price has retraced half way from the previous move but not closed above it. The value index is currently acting as support, once breached it may provide a good entry point with other confluence of events. Looking at a much smaller timeframe you will be able to measure the movement and project entry and exit points with Fib ext. The keen eyes may spot a possible bearish flag.














EURNZD

The EURNZD has had steady strength to the upside until recently where it has tested the trendline twice previously and is currently trying it a third time. Price is currently close to the figure. This pair will be on my watchlist for a break of S/R/T.

On the slightly shorter 4 hour timeframe we are presented with a 123786, combined with MACD divergence. This would indicate that nothing moves in a straight line and therefore some pullback can be expected in the near future. Please do your own analysis before taking any positions.

Expect some volatility today as there are quite a few news items out today.

Commerce magnifique!

"The most beautiful thing we can experience is the mysterious. It is the source of all art and science." - Albert Einstein

Brakes on the Cable

Good Day Dynamic Traders,

Hope you all had a fantastic weekend. There is only one (AUD) planned high impact news item today so may be a slow start to the week. The Swissy mentioned on Friday's post is still on the watchlist for a reversal on the short side.

Cable

The Cable weekly chart shows price at a key Fib reversal level and the figure is in sight. An aggressive trader may see this as a good opportunity with low risk to go long if the entry is timed appropriately with patience and the correct signals. However, be aware that this is trading against the trend.

The daily chart adds to the confluence of events by displaying MACD divergence. If you are in the trade, it should be managed carefully.


























Source: Advanced Get

CHF/JPY

The CHF/JPY daily chart provides an opportunity on a break out or break down. The figure is again prominent and price is at a key Fib reversal level (more apparent in the 240 timeframe)which highlights a move up is due. Review lower time frames and ensure confluence of events prior to entry.



























Source: Advanced Get

Happy, patient trading!

"We can't get back and make a new start,
but we can always restart and make a new end."
Ayrton Senna

Forex News

Good morning forex traders and thank you Bijal for your forex analysis update today.

The GBPUSD made a good 200 pips profit yesterday with our Dynamic Trader 3D strategy. Well done if you took this trade.

Please be aware there is a few news items due out today so ensure you trade with management. As four of the news items are likely to produce volatility, caution is certainly advised.

I am catching up with as many emails as I can from almost two weeks ago and will be replying to them over the coming week. If by the end of next weekend you have not had a reply then please forward your original email to me.

Good dynamic trading...

Javid Shaik
Forex Analyst

Has swiss cheese got holes in it?

Greetings Dynamic Traders,

Having been a regular visitor to this website, I have been able to advance my trading thanks to the dynamic guru duo Javid and Anne, and more recently contribution from Jagir and Saba. I hope to contribute and help just as I have gained trading knowledge.

The USDCHF has been gaining strength since March of 2008. The weekly chart however, demonstrates 5 or more technical barriers to a continuation. These include the value index, previous support turned resistance, MACD divergence, the figure, and a reliable fib level.

USDCHF Weekly chart

MACD divergence continues on the daily chart together with a trendline resistance and reversal candles. Aggressive traders may favour this as a good potential set up, ESLT would be good to utilise here.

USDCHF Daily chart

The GBP/JPY is showing signs of reversals. On the slightly lower 4 hour timeframe we have a double bottom formation, price bouncing off the figure with a reversal candle. MACD is showing short and longer term divergence. Wait for the confluence of events/further confirmation and use your pick of techniques for a good entry.

GBPJPY 4 hour chart

Enjoy your weekend and don't forget to celebrate your successes.

400 Pips with 3D on GBPUSD

Good morning forex traders.

Unfortunately due to a commitment yesterday I was unable to take the trade on the GBPUSD using 3D but those who took the trade will be smiling away with over 400 pips credited into their accounts. $4000 dollars for a days work based on a 5 minute analysis and very low risk is good reason to be cheerful.

If you are following us on Twitter then you may have decided to take the USDCHF mentioned about an hour ago which I am now managing and again for all of 30 seconds to identify the set up the rewards are good although not as spectacular as yesterdays.

I also wanted to inform you all that finally we will be having the long awaited updates from Bijal Shah. As of tomorrow Bijal will grace this website with daily updates of her analysis.

Until Bijal's forex analysis tomorrow, good dynamic trading...

Javid Shaik
Forex Analyst

Musketeers - On Guard!

Good Morning Dynamic Traders!

The cable decisively crashed yesterday assisted by news from Governor King and the Inflation report.

Dynamic Traders will be aware of the uniform traits of our "Three Musketeers".
One of these has been the subject of impelling "blog" gossip last week (BLOG 5 Nov) and keen traders should be ready to strike!

Below is the the daily chart for the EURUSD.

Following the footsteps of its sibling, price is eager to offend the nearby support level. This is confirmed by yesterdays "hammer" formation and a milder Elliot wave signal on a smaller time frame. Assuming a support violation, price may be engaged to head towards 1.2 and possibly 1.1 thereafter.

Your UK opening analysis should offer you a timely entry with textbook ESLT techniques.

EURUSD daily chart Advanced Get


Dow Deviation

This Monday's "blog" produced a plentiful profit yesterday for those of you who embraced the opportunity.

Below is the daily chart for the Dow Industrial once again.

A closer look will offer Dynamic Traders a super Double D scaling in and entry opportunity.

By following our mentors "rulebook", further pickings may be poached today!


Dow Jones daily chart Advanced Get

Due to technical constraints, I was unfortunately unable to post my daily records for Tuesday and Wednesday. Indeed, due to planned commitments, I will be out of the market until 1st December and again from the 6th -14th December. My posts will resume as usual thereafter.

I would like to take this opportunity to graciously "thank" the many of you who have contacted Javid, expressing your appreciation of the write-ups. Besides giving me enormous pleasure to hear that you are benefitting from these publications, without this accountability to you, the reader, my own trading progress would not have accelerated at such a vast pace. I am sincerely indebted to you for this support.
It only remains for me to express my recognition to Javid and Anne, without whom, this journey we are all advancing through, would not have been possible.

Grateful trading!

Saba Jackson

Shares Awards Evening

Good morning dynamic traders.

For the last few years we have been very kindly invited to the Shares Magazine awards and on both occassions we were unable to attend. For the Shares Awards 2009 we arrived back from Paris just in time and I am so glad we did. Once I receive the pictures from the evening I will try to put a few up on this forex blog.

Anne got triggered in to her USDCHF trade over night and scaled out but has now been stopped out in profit after management.

I am looking for a support on crude oil after coming all the way down to $60 as I had said almost 6 weeks previously on this site. However, it is not providing any real bounce formation at present. If we continue further then $50 is likely to be the next target.

If you would like to be alerted of some of our set ups then follow us on Twitter. It is free and will only take a minute to sign up.

To follow Javid click here

To follow Anne click here

Good trading...

Javid Shaik
Forex Analyst

Anne's Updates

Hello forex traders,

Anne has updated her Twitter with a good set up if you have not already seen it. You can get her Twitter details from her forex blog.

Good trading...

Javid Shaik
Forex Analyst

Follow us on Twitter

Hello forex traders.

We have been in Paris for the last 5 days and have not had a good internet connection in our hotel room so have not been able to inform you of the trade set ups I have posted on Twitter.

Anne and I have recently joined with Twitter and are posting updates on there but have not been able to inform most of the readers of that due to weak internet connectivity. So, now I have a good connection I am placing both Anne's and my twitter links so you can all sign up and follow our trading opportunities.

Follow Anne's Twitter

Follow Javid's Twitter

Twitter is free to sign up with so there is no cost involved at all. You will be alerted everytime we place an update on Twitter. Click the above links individually and creat your own Twitter accounts.

Thank you John for your help on this.

Good trading...

Javid Shaik
Forex Analyst

Dow Doldrums

Good Morning Dynamic Traders!

I have been asked to conduct an analysis on the Dow, an index I will soon incorporate within my trading basket during successive weeks.

The monthly chart exhibits a clear downtrend since October last year. Last month alone displayed a huge drop in price, while technical analysis promises further weakness.

Below is the daily chart for the Dow 30.

Price is currently oscillating within a triangle, forcing a decisive move in the near future. Because the trend is our friend, discerning Dynamic Traders will only speculate this law if a significant support is breached.

This being the case, we may see price dwindle towards 7500, supported by at least two other study clusters.

With a tolerant attitude, a lucrative trade can be lavished!


Dow Jones daily chart Advanced Get

Dynamic Trading!

Saba Jackson

The Rule Of Reflection

Good Morning Dynamic Traders!

We are nearing the close of an historic week delivering much welcome news. Yesterday saw the base rate plunge to a new low and today we are expecting the much volatile NFP release.

Given it is also a Friday, my trading rules command a period of review and reflection; a crucial part of a Dynamic Traders practice.

Below is the 4 hour chart for the USDCAD.

This pair continued to retreat this week (BLOG 3 NOV) producing over 500 pips profit!

Given the general trend is upward with a price recovery in action, we may see sufficient momentum to continue the rally.

Diligent weekend analysis will determine a timely entry in the appropriate direction.


USDCAD 4 hour chart Advanced Get

Much focus on the CADJPY cross this week has clearly paid enormous dividends! Price has slumped from 85 to 80 yielding terrific gains!

Those of you who have a "running" position may want to adminster it with care.

The Swissy (below) is evidently in no rush to grant us with a conspicuous "swing" opening, but our ability to observe and linger from the sidelines will eventually award us with an opportune trade.

USDCHF daily chart Advanced Get


I wish you a pleasant and considered weekend.

Saba Jackson

A Cross To Wave Five

Good Morning Dynamic Traders!

The CADJPY cross made a dramatic U-turn yesterday (BLOG 4 Nov) supplying a healthy yield for those of you who took this swing.
The daily chart (below) has produced a "tram track" whilst other chart patterns emphasize further vulnerability.

CADJPY daily chart Advanced Get

Below is the 4 hour chart

Yesterdays decline witnessed a trend line betrayal. Price is presently dwindling at a firm support area, considering an onward move.

We will need to see a definitive break of this support prior to confirming our positions towards a lucrative wave five continuation.

A mechanical ESLT is highly recommended!

CADJPY 4 hour chart Advanced Get

Good Trading!

Saba Jackson

Savour The Swissy

Good Morning Dynamic Traders!

Those of you who are regular readers of these updates, may have deciphered my preferred trading style.
The ultimate trader will employ both long and shorter term strategies empowering a sustained flow of profits.
A big benefit to a swing trader is the ability to "snap" a reversal in price. Although a high risk strategy, with judicious analysis and an excellent ESLT, a festive feast can be enjoyed!

Below is the weekly chart for the USDCHF.

We have observed a steady mount since March 2008.
A noteworthy fib level is approaching, followed by the figure. Macd together with other indicators reveal that price may be nearing boiling point.
The lower time frames will also furnish you with abundant clues.

We may see a "fizz" towards 1.18 and the figure thereafter, but a change of trend could be looming.

The ability to wait..... and watch..... is key!

You will relish the rewards when they appear.


USDCHF weekly chart Advanced Get

Sweet Trading!

Saba Jackson

Catching Turkeys

Hello dynamic traders.

Some of you may recall Barry the Turkey Catcher who has been mentioned on this website many times now. I would like to give a quick update on Barry. Since leaving turkey catching behind Barry has been a full time forex trader. Barry and Hail's are expecting an addition to the family soon so we want to wish them all the best for the future.

In my last Turkey Catcher update I mentioned Barry had made £20,000 in September and over £10,000 in the first week of October. Barry actually ended October with over 5200 pips profit.

Good trading Barry and to all readers of this forex blog...

Javid Shaik
Forex Analyst

Watch this Cross

Good Morning Dynamic Traders!

The CADJPY cross witnessed a colossal fall off in October followed by a period of consolidation.

The daily chart below reveals that price is currently at a fib level supporting a sustained descent, but it is equally important to note that a strong resistance has been breached with another within reach.



CADJPY daily chart Advanced Get

Below is the 60 minute chart.

Price is cheerfully up- trending; parading higher highs and higher lows, but our faithful macD is alerting us to an impending reversal.

Supplementary analysis should furnish you with further confirmation for a promising “swing” opportunity on the horizon.


CADJPY 60 minute chart Advanced Get

Enjoy an eventful day!

Saba Jackson

Away for a month on business!

Good evening Dynamic Traders,

For the next 4 weeks I'm going to be away on business and wont have much access to a computer especially during weeks 2 & 3 as I'll be in the Bahamas. So unfortunatley this means I wont be trading. Weeks 1 and 4 I may get a chance to have a look at the markets, if I do then I will put up a post. It will be a little weird not updating the site as it has become apart of my daily routine which I quite enjoy. So have a great month of trading and I look forward to being back very soon.

Good trading.

Newsweek Galore!

Good Morning Dynamic Traders!

This week promises to be eventful. We have the start of a new month, the festive season approaching and major US tidings due this week. We are also eager to hear word from Governor King concerning our Bank Rate.

What a confluence of events!

Paradoxically, this confluence of events should not incite us to be too "trigger happy" with our trades. Clearly, opportunities will present themselves, but positions must be prudently perused.

One of these will be the USDCAD. Last week we saw the Loonie retreat almost as swiftly as it had advanced. (BLOG 27 Oct)

The daily chart (below) reveals that a bullish fib level has been met by the price, which is currently pondering its next move.


USDCAD daily chart Advanced Get

Below is the 60 minute chart for the same.

From this vantage point, the scene can be assessed with increased clarity.

Using your technical skills and being mindful of the impending news releases, an agreeable position may be assumed.


USDCAD 60 minute chart Advanced Get

Attentive Trading!

Saba Jackson