Christmas Wishes

Good evening dynamic traders,

I want to wish you all a Merry Christmas and best wishes for a New Year filled with abundance. It's a nice time to reflect over the past year and take the opportunity to think about your goals for the upcoming year. In order to get somewhere you need to know where you are and where you are going (sounds simple but many people don't know this) so goals are important.

I would like to take this opportunity to say a few thank you's. Merci beaucoup to Javid & Anne for 12 months of exciting education helping me and others grow leaps and bounds in trading, amongst other things. Muchas gracias to my fellow contributors Jagir, Saba, John & Clayton and last but not least thank you to those that have passed on kind comments and encouraging words about the blogs. Have a safe, happy time - look forward to an exciting 2009.

Bijal Shah

Christmas Cheer!

Good Morning Dynamic Traders!

Being a Friday and indeed the last one before Christmas, my rulebook requests that I refrain from initialising new trading positions.

In fact, those of you who regularly follow my blogs, will be aware that I habitually re-examine trades each Friday.

Dow Jones review
This index conducted itself well yesterday, producing almost 220 pips profit. (yesterdays BLOG).

Hearty Christmas Cheers to those of you who favoured the opportunity!

Another peep at the daily chart reveals that price tagged a firm horizontal and figure cluster yesterday, closing play by retracing to a tidy trend support line.

Below is the 4 hour chart.

On further scrutiny, it appears that price may wish to re-test last evenings low and set upon a noteworthy fib reversal area.
Canny Dynamic Traders will also note the proximity of the Chicago ema's to one another!

Should the smaller time frames permit a probable entry opportunity, another 200 pips may be captured before the end of the day.


Dow Jones 4 hour chart Advanced Get

USD JPY Review
Below is the daily chart

Price did indeed weaken further, prominently testing a long term support level. (BLOG 17 December) As expected, yesterdays convincing tram track confirmed traders dread of unknown territory with price bouncing back to a safe haven.

I will be eagerly watching this pair for a persuasive break of the horizontal.


USDJPY daily chart Advanced Get

The next fortnight is an excellent chance for Dynamic Traders to review, revise and reflect on this years mentoring programme.

The webinar series is crammed with invaluable classified information which can only continue to amplify and accelerate your trading progress and success.

With 2009 promising to offer further rewards from our dynamic mentors', discerning traders will make intelligent use of the coming break.

I wish all the readers, my fellow contributors and Javid and Anne, a very Merry Christmas and a flourishing New Year!

Saba Jackson

GBPAUD

Hello Traders,

Both charts posted yesterday took a break from current trend. The Aussie moved in excess of 300 pips down though did not quite reach the Fib breather level. The Swissy moved in excess of 400 pips from high to low and at the time of writing this is showing a bullish candle for the day. Both of these charts will continue to remain on my watchlist for further opportunity.

For today I have reviewed the GBPAUD daily chart. This pair has produced another big bearish bar and passed through a support which has had many previous touches. Price is currently in a zone which has Fib clusters, S/R's and RN. To add to this MACD is showing convergence. Worth reviewing lower timeframes for the appropriate opportunities.















Savour the last few days of 2008 trading.

Bijal Shah

Merry Christmas

Morning forex traders.

I hope you all have been picking up the pips with the excellent moves from the markets. As previously mentioned on the webinar, the GBPUSD was bullish and has shown that recently.

Saba, Bijal, John, Clay and Jagir (currently awol), thank you all for your hard effort and time to help all the readers of the dynamic trader blogs by posting your trade set ups and forex analysis.

From everyone here, Happy Holidays to all our readers and hope you have a Prosperous New Year.

Since yesterday we have had the Nissan GTR imported from Japan and have been speedily clocking miles up on it sometimes with fear. The GTR has not been released here in the UK yet so it was fun to have this for 48 hours play time. Anne has written more about it on her forex blog.





Happy 4Xmas.

Javid Shaik
Forex Analyst

A Dow "Day" Deal

Good Morning Dynamic Traders!

A glance at the Dow Jones may have revealed a potential profit opportunity for the day.

Although we have witnessed a sturdy downtrend since October 2007, the weekly chart clearly confirms that price has arrived at a support band fortified by the zero figure and wave 3 fib cluster.

The daily chart (below) clearly displays the same hesitancy as price oscillates in a range bound manner.
Price is deliberating a trend line resistance while the triangle's grip is pressurising an imminent response.

Dow Jones daily chart Advanced Get

A closer look at the 4 hour chart below presents some clarity.

The 1 2 3 top formation at a primary fib level may evidence price vulnerability for some short term profit.

Further confirmation must be sought from the lesser time frames to determine the stamina of this set up and a suitable entry point.

Prudent ESLT is essential.

Dow Jones 4 hour chart Advanced Get

Judicous Trading!

Saba Jackson

Aussie & Swissy trade management

Good evening traders,

Tonight I have picked the AUDUSD & Swissy charts to discuss.

The AUDUSD has been climbing up slowly and today has tagged a previous resistance. However, there is divergence on multiple timeframes so its worth managing your position if you are already in it or awaiting a pullback for a good entry position. Note the RN also has its part to play here as it is in close proximity to current price action.

The Swissy is also in a similar (albeit) opposite position where it has reached strong support on the downtrend. Again signs a strong for price continuing south, however it has made a large move today and convergences appear on multiple timeframes so a breather or pullback can be expected.

Good Trading

Bijal Shah

The Intellectual Challenge

Good Morning Dynamic Traders!

Dynamic Traders will be aware that the importance of psychological success in trading vastly outweighs the same of technical mastery.

Having spent time away from the market, I expected subconscious challenges before resuming the flow of trade activation.

Equipped with this knowledge, I have quietly observed the (news laden) market since Monday, warming my senses to the opportunities as they become available.

Let's commence "play" once again easing ourselves into the home strait before Christmas closes in.

Below is the weekly chart for the USDJPY.

Note that price hit the marked figure of 90 (BLOG DEC 1) and is temptingly venturing into relatively unknown territory.
It is of significant value to observe that the current price band being entered was last seen over a decade ago! Yet, given the unprecedented market conditions, it is hardly a surprise.

Record the historical support area at 85 and 80 thereafter.

A calculated speculation could indicate further strength from the Yen, against our main contenders, as we head into 2009.


USDJPY weekly chart Advanced Get

The 4 hour chart (below) shows price hesitating at another firm support level. Fib studies on differing time frames, along with our mentors unique sub chart studies, indicate that the current downward assault may be sensing some exhaustion.

The smaller time frames will furnish you with further clues.

Your binoculars should be focussed on the clear support. Should we conclusively break this horizontal, we may be heading towards a healthy swing towards and into the New Year!

USD JPY 4 hour chart Advanced Get

Good Trading!

Saba Jackson

Fed's Decision

Good morning forex traders.

To try and combat the recession the Fed cuts it's rates as was widely expected. This in turn was Dollar negative but the stock market as you would have expected rallied at what was considered good news.

Those of you I have mentored have heard me use the term "the markets are moving at a measured pace". For the forseeable future get used to "quantitative easing".

From the rate cut being released the Euro headed upwards like a rocket. However, the Euro has met up with the value index so we could see a pull back in the near future.

Gold responded well to the Dollar weakness and the Loonie has continued it's decline since the triple top mentioned on both this site and the sister site.

Good dynamic trading...


Javid Shaik
Forex Analyst

USDJPY 123886?

Good evening to you all,

Congratulations to all of you that profited from the Cable trade that we have been talking about over the last 2 days. There was a 448 pip movement from the high to low.


Anne's post on the third musketeer the EURUSD on 7th December showed a triangle. The price at the time of writing was around 12717, it has since moved fairly consistently upwards (mainly bullish bars on the daily chart) and today reached a high of 14156. Just from trading this pair alone based on the post, a potential 1439 pips could be captured in a matter of 8 trading days, not bad for very little work and good trade management!


I have chosen the USDJPY today. You can see a possible 123886, there is MACD divergence visible on the 240 and daily timeframes. As always please do your own analysis for self accountability is a trait required by a winning trader.














Abundant trading
Bijal Shah

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Cable rules

Hello Dynamic Traders,

A warm welcome back to Saba, there is still a wanted order out on Jagir...

What an interesting Monday its turned out to be, hope you were able to take advantage of the opportunity the market provided today. I managed to scoop up just over 200 pips on the Cable breakout out of a phenominal 459 ish available pips and around 100 pips on the EURGBP.


I have posted the Cable chart again today because it looks interesting. Suddenly this pair looks bullish after many days of consolidation. It has hardly had any pullback on its way up. I have uploaded a 30 minute chart which shows a potential bullish flag formation. The pullback has not reached the usual Fib breather level before it decided to head north again. Keep in mind the S & R in addition to the 4 hour chart which shows a potentially different picture (123886). As always please do your own analysis, wait for the set up and then don't be afraid to receive what the market provides.


Tomorrow is the biggest day this week for news items including interest rates so please take this into account when trading particularly for the short term traders amongst yourselves.














Festive Trading
Bijal Shah


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Cable squeeze

Dear Dynamic Traders,

Welcome to week 51 of 2008. Hope you all had a fulfilling weekend.
Clayton has talked about the USDCHF and I am going to talk about the 2nd musketeer, the Cable.
The 240 chart posted below shows a squeeze formation. There is close proximity to a strong figure. Normally the pair works conversely to the USDCHF. Wait for a BOB and employ the filter technique to avoid a FB-O.














Good trading
Bijal Shah

"When I let go of what I am, I become what I might be."
Lao Tsu

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EURCAD triangle

Good evening dynamic traders,

Congratulations to Clayton on reaching a remarkable milestone, I am sure this will inspire many others to follow in due course.

The EURO Dollar trade (posted yesterday) worked out really well today, it moved close to 400 pips. Well done to those of you that traded it today. It is still one to keep an eye on for further opportunity.

Today I have posted the EURCAD daily chart and the 60 minute chart. On the daily chart price is displaying a traingle. It has tagged previous resistance and is fashioning a bullish candle. MACD on the other hand is making lower highs which is something to keep in mind.

On the hourly chart, you can see the squeeze more clearly. The highlighted area is where there is more than one R/S level combined with the figure. MACD is showing div on this timeframe too. In short I would look to enter with ESLT once I have a confirmed BOB.














Merry Trading and enjoy your weekend.
Bijal Shah

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Clayton set to retire

Good afternoon dynamic traders.

I am very pleased to announce that the next person soon to be leaving his job is Clayton Farnworth. You will all know Clayton from his updates on our sister forex site.

This determined dynamic trader has spent time with me one on one basis and then joined in our online mentoring webinars and spent a lot of time learning what I had shared. Speaking with Clayton ealrier today, he was extremely happy with what he has achieved and so he should be. This month alone (8 trading days in total) he has done 30 trades with only 1 loss.

Clayton's plans are to quit working and trade full time along with updating www.fxcps.co.uk and soon after to have his partner Paula to quit her job too. Paula does not trade so Clay's income will be catering for both of them.

Well done Clay, both Anne and myslelf would like to congratulate you and wish you every success with your trading.

I have posted a few trades through Twitter since yesterday which have all made profits so I hope those of you following my free updates on Twitter are also grabbing these pips.

Good trading...

Javid Shaik
Forex Analyst

Euro Dollar anticipated action

Hello Traders,

I have posted the EURUSD chart today. This pair has seen a steep downtrend since July and has been in consolidation mode for over a month. Today the price has reached 1.30 and appears to have broken the trendline. Although this may indicate an opportunity that everyone has been waiting for, it needs to be approached with caution. The reason is more apparent on the 240 chart below.

Price has broken through the shorter term trendline however, it is approaching a resistance level. MACD has been creating lower highs and not strictly following price. The note of caution is because trading the break out means trading against the trend. Employ the ESLT technique with the BOB to ensure safe trading.














Lots of high impact news items scheduled tomorrow, remember even capital conservation is part of good trading.

Bijal Shah

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Yen today gone tomorrow

Good Evening All,

Say hello to the Japanese Yen.
The weekly chart clearly shows strong support around the 90 mark and price seems to be heading back there again for a retest. Bearing in mind this is longer term, the trend is still down and most of the indicators confirm this.

On a much shorter term (60 minute chart) there may be opportunity to go long if the price follows the typical 123886 B and does a bounce up. Please confirm your confluence of events before taking any positions.














Happy Trading!

Bijal Shah


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Pound Aussie DB?

G'Day Dynamic Traders,

Lots of movement in the markets today, hope you managed to sweep some sweet gains.

I have posted the GBPAUD chart today which is a personal favourite of a few people I know.

The monthly timeframe shows no real trend, price is going mainly sideways, and the weekly shows a downtrend since October time.

On the daily chart the price appears to be displaying a descending triangle forming into a squeeze. The value index has been providing support in recent times. MACD has been following price fairly diligently although the previous low on the MACD is far lower than the current low in comparison to the price.

The four hour chart shows more clearly what appears to be a DB. Though the current trend may be down, there is strong support around the 2.22 area, with the squeeze forming a bounce up may be witnessed prior to further potential weakness.














A word of caution, this pair does range more than the more common ones discussed here, therefore good risk and money management are imperitive.

Happy Trading

Bijal Shah

“Obstacles are those frightful things you see when you take your eyes off your goal.”

- Henry Ford

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Loonie - Triple Top

Good Day Dynamic Traders,

Hope you all had a good weekend and are managing to get your Christmas shopping organised before the crazy rush happens closer to the festive period.

Today I have attached 2 charts of the Loonie. The daily chart suggests a potential triple top (not yet confirmed) with a lovely reversal hammer.

The 4 hour chart shows that price has bounced off the 1.3 figure and is currently at a Fib breather level. For a conservative entry south wait for confirmed break of the trendline or conversely a break of the resistance.













Good Trading

Bijal Shah

Read Anne's forex update here
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"We get to make a living; we give to make a life."

Winston Churchill

NFP

Good afternoon dynamic traders.

We have reached that time of the month when NFP is released and this is where lots and lots of dumb money traders will gamble their hard earned cash away. Today is where we need to take a moment and thank them for doing this because trading is a zero sum game and without the dumb money the smart money have little room to profit.

That said, be aware we have some major volatility due out and do not get emotional. Unless we have shown you how to trade the news, do not get sucked into the dumb money trades.

The NFP expectation is -320k and to be honest -400k would not come as a shock to me. It will be interesting to see this afternoons trading.

I am short from this morning on the EURGBP as you have already seen from my Twitter update and Bijal's morning forex analysis.

You can read Anne's Porsche update here.

Enjoy the weekend and then it's back to a new week of forex trading.


Good trading.

Javid Shaik
Forex Analyst

EURGBP - All time high!

Dear Dynamic Traders,

Welcome to non farm payroll day, a day of volatile market conditions.

I have reviewed the EURGBP chart for today's post. This pair has been bullish this week and moved from 8240 to around 8700 in 4 days. Price reached an all time high yesterday.

The daily chart shows the bullish candles from this week. A trendline resistance is apparent and MACD is showing divergence as price has made a higher high but MACD has made a lower high. Price is also currently at a RN.














The 240 chart also displays divergence, in fact this is apparent across multiple timeframes. Although the price has made a new high, there are no guarantees of a continuation. Should a continuation occur, use either ESLT or the DD strategy to make further gains. Conversely, use your confluence of events for entry on a reversal.














Finally, I would like to thank a couple of inspiring souls for a lovely evening, who are putting in a lot of hard work and persistance into trading and who are extremely excited at the possibility of Javid's webinar series early in the new year.

Its end of the week again, comes round so quickly, time to catch up with those that accuse you of spending far too much quality time with the laptop during the week. :)
Have a fabulous weekend
Bijal Shah

A Canadian Case Study

Good Morning Dynamic Traders!

Todays update is a worthy example for your text books, encompassing a host of possibilities!

The CAD JPY is a primary cross within my modest basket of currencies.

The monthly chart has witnessed a certain decline since November 2007.
The daily chart (below) displayed a price retracement to a much favoured breather level in early November followed by the current earthward march.

A multi-cluster of indicators, including our mentors' pride DD strategy, confirm a resolute chance of further weakness towards the 70 figure and beyond.

CADJPY daily chart Advanced Get

A closer study of the same presents a shorter term outlook.

Below is the 4 hour chart.

A fine 123 bottom has formed with our sub-chart indicator nodding wildly in agreement.

Savvy Dynamic traders may see scope for a short term reversal trade, after which entry can be sought for the longer term weakness ahead.

Rules must be adhered to with diligence before trigger temptation, especially with the myriad of news items due for release!


CADJPY 4 hour chart Advanced Get

I am off to catch a warm welcome break for the next ten days.

Dynamic Traders will be aware that the next fortnight may offer the last prime pickings for 2008.

Practised updates from Bijal and the sister site, together with Javid and Anne's stalwart expertise, may offer you increasing rewards for your Christmas stockings!

Merry Trading!

Saba Jackson

Swiss Yen DB?

Guten Tag Dynamic Traders,

Hope you are having a fabulous week. I want to talk about the CHFJPY today.

On the monthly chart the strength in the downtrend is very apparent with the price action (albeit steep), candles, and the MACD.

On the weekly chart below, you can see one strong support has been broken and another one is in sight at the 76 figure. Note Mr MACD is showing shorter term convergence.

Price has touched a recent low today and this is visible on the 240 chart. MACD is displaying convergence on this timeframe also.

The 60 minute chart shows the price bounce up since reaching the previous low. It is currently at a trendline that has had a few touches along the way. Things to keep in mind:
- figure;
- possible DB if so wait for confirmation and break of S/R/T; and
- price could fail to break the trendline and continue south, in which case we would wait for a BOB and use ESLT for entry.














Expect plenty of volatility today as there are 11 high impact news items out, two of the key ones being interest rate announcements relating to the Pound and Euro.

Good trading!

Bijal Shah

There is excellent support at zero

Gathering Yen Tidings!

Good Morning Dynamic Traders!

Mondays "Yen Tidings" provided lavish profits, collecting almost 250 pips! A welcome Christmas present for those of you who embraced the opportunity.

The old adage "the trend is you friend" is still singing a fine hymn that should be heeded and observed.

Below is the daily chart for the USDJPY.

As expected, the Yen took a deserved break yesterday, exposing a slight spinning top by close of play.
Your dynamic analysis should confirm a predictable wave 3 FIB is within reach, upheld by a support and a good zero figure cluster close by.


USDJPY daily chart Advanced Get

The 60 minute chart below shows that price is breaking through a triangle, forcing the dynamic trader to contemplate an entry strategy.

By using an earnest mechanical ESLT , today may present you with further bounties!

USDJPY 60 minute chart Advanced Get

Celebratory Trading!

Saba Jackson

EURCHF reversal?

Good morning Dynamic Traders,

The CADJPY head and shoulders mentioned on the 25th November post went sideways for a period of time but did complete the equivalent move down and yesterday reached a low of 73.90. This pair is still of interest but we need to wait for it to gather momentum and break previously established S/R levels before decisive action can be taken.

The EURCHF daily chart displayed below, shows signs of a reversal after getting very close to the 1.56 figure. It is worth noting the trendline support, a break of which would be a good signal.














I have also included a 60 minute chart showing another trendline and MACD adding another confluence. ESLT would be well utilised here on the BOB.















Good trading!
Bijal Shah

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"No computer in operation today works as fast as the retina in your eye. To simulate all the data your retina processes in one second would take the world's fastest supercomputer 100 years."
Richard Swenson MD

Euro Dollar Ketchup?

Good Morning Dynamic Traders,

The Cable made in excess of a 500 pip move on the downside yesterday. The EURUSD however, did around a 130 pip move. Generally the two pairs are closely correlated in their movements but currently seem somewhat out of sync.

The monthly EURUSD chart (below) shows price reached a strong S/R level and bounced off it. Just below it around the 1.21 area is a Fib cluster which will act as support too and not to far below that is the value index.

On the daily chart the steady down trend is apparent since July 08. More recenly, price appears to be range bound which may be profitable for the shorter term traders. This is one to keep an eye on for a break either side of the highlighted area.














Good trading

Bijal Shah

"Life is change. Growth is optional. Choose wisely."

Karen Kaiser Clark

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192 Pips Captured

Good evening dynamic traders.

Hope you are all having a great trading day. I have spent the day with Clayton live trading and it has been a little slow as far as opportunities were concerned but still managed to take 192 pips so far. Both Clay and I are still in the USDCHF short trade.

I have not had many chances to do updates recently but I know you have all been enjoying updates from my fellow dynamic traders. I would like to welcome Clayton as the newest Dynamic Trader contributor to our forex blogs. Both Anne and I would also like to thank Clayton, John, Bijal, Saba and Jagir for their regular enlightening updates.

Congratulations to Imran and Zaheer for taking 400 pips from the market following what I showed them on our live trading day Friday and to John for using my 3D to gain 103 pips profits too for little effort.

Please do not forget to add the following sites to your favourites for daily forex analysis.

www.fxcps.com/blog - daily updates

www.fxcps.co.uk/blog - daily updates

www.dynamictraderblog.com - updated 1-2 times a week

You can also follow us on Twitter for real time trading suggestions.

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Good dynamic trading...

Javid Shaik
Forex Analyst

Yen Yuletides

Good Morning Dynamic Traders!

What a pleasure to be back at the start of this festive season with Christmas just around the corner.
Indeed, the market will surely be greeting us with a chorus of opportunity!

Let’s begin the week with one of my highly esteemed pairs; the USD JPY.

The monthly chart has been heading down since June 2007, completing November by retracing to a weighty support level.

The weekly chart (below) reveals that price closed below a major trend line last week, which has famously behaved as a firm resistance level.
Note also that price has sealed itself at a significant support at 96.
Lesser time frames together with other technical indicators appear to confirm a strong probability of a breakdown towards a noteworthy support cluster at the figure 90.

Remember, confirmation must cautiously be sought before sanctioning this opinion.


USDJPY weekly chart Advanced Get

Below is the 4 hour chart for the same.

Price is currently bouncing within a range. Informed analysis will boast a breakout looming as the squeeze tightens its grip.

By fervently following your “entry” rules, you should picture a prize almost certain to yell out the “Yen Yuletides!”


USDJPY 4 hour chart Advanced Get

Festive Trading!

Saba Jackson