Milking the Yen

Good Afternoon Dynamic Traders!

The CADJPY has been delighting in a downtrend since November 2007.

We witnessed price strike a ten year low last week followed by the expected trepidation.

The larger time frames ostentatiously flaunt a change of direction on the horizon with the monthly chart boasting a daunting spinning top.

Below is the daily chart for this cross.

Price is now sealed at a prominent breather area debating its preferred direction.

Should this resistance level persist, we may observe traders' trialling the low a second time around; a behaviour that all Dynamic Traders should be accustomed to.


cadjpy daily chart Advanced Get

The 4 hour chart (below) exhibits a trend line at which price is comfortably perched. If this is persuasively broken, the course may be confirmed.

Note mac d behaviour - smiling in appreciation.

Use you filter and BOB techniques to determine an acceptable entry for a probable flow towards the low, not forgetting the weekend is nigh.

Your personal trading rules will prove your loyalty to a suitable position.


cadjpy 4 hour chart Advanced Get

My next post will be on Saturday, reviewing recent play.

Sound Trading!

Saba Jackson

Cable descent?

Howdy Dynamic Traders,

Below is the 4 hour Cable chart. Price reached the 1.44 mark and tested previous support which has now turned into resistance. However, it failed to break up and produced a reversal candle. If the pound does not muster up enough momentum, it may well resume its downtrend. MACD has been showing divergence for several candles now. Note other confluence of events highlighted on the chart.














Question 10
What don't I see?

I hope these questions bring you a step closer to get to your goals. Have an awesome weekend.
My next update will be on Tuesday evening.

Good trading!
Bijal Shah

A Swissy Spring

Good Evening Dynamic Traders!

This is certainly proving to be a challenging trading week, with price intent on security after last weeks soaring volatility.

The Swissy has been part of this agitation donating a buoyant display over the last eight weeks.

Price had been consistently falling since 2000, temporarily ending its descent in March last year after which we witnessed an incline for most of 2008.

December disclosed a sharp downturn, followed by the expected dollar strength this month.

Below is the daily chart for the USD CHF

Last week concluded with a signature gravestone doji, at a round number, indicating yet another "spring" in the trend.
This week has thus far confirmed the movement, confluenced with an overbought signal on our unique sub chart study.

Our very own mac d is also saluting the signal.

For those who are very familiar with Advanced Get, may recall the "Type 1" strategy.

The regression trend channel is consenting nicely together with the oscillator study.



USDCHF daily chart Advanced Get

The four hour chart below exhibits price sealing itself into a wedge formation, with resistance dominating at a trend line and figure cluster.

You may wish to keep a guard on this pair by utilising your remaining "tools of the trade" and await a definitive directive.

Be sure to call in your ESLT and risk management rules before bouncing in!



USDCHF 4 hour chart Advanced Get

Brave Trading!

Saba Jackson

Patience is key

Good Evening Dynamic Traders,

Hope you are having a pleasant week so far. Akin to Saba, I would like to also express gratitude to you, the blog followers, for your kind comments, feedback and words of encouragement sent to Javid and Anne. When you hear of people succeeding due to the blog output, it gives even more pleasure and energy to continue with the contribution. None of this would be possible without having genuine, unconditional guidance, support and mentoring from two exceptional people - Javid & Anne.

I just want to talk about last night's post momentarily as it highlights the importance of filters. The USDJPY did a fake breakout today, got to the 90 area and then shot down. Patience is really key, waiting for the BOB and then applying ESLT would ensure that you would not get triggered when there is a spike most of the time (as nothing is a 100% guaranteed especially in trading!). There are now 3 spinning tops on the daily chart, this pair will remain on my watchlist.













There are currently many charts that are in consolidation mode so its time to wait and watch for the right time to enter. To that end, below is the EURCAD chart. The weekly shows the uptrend and the strong support/resistance levels that have halted price many times.

The daily shows the resistance zone and the trendline which price has tagged a few times. Despite at least 3 recent attempts price has found it difficult to penetrate the value index and had bounced back to normal trend. Note the double bottom in an uptrend. Currently at the Fibonacci breather level, this pair is one to keep an eye on to see if it resumes the trend or goes back to retest the value index.

Good trading!
Bijal Shah

Question 9
Am I willing to do whatever it takes?

A Toast To The Fans!

Good Evening Dynamic Traders!

First and foremost, may I plead a pardon for the absence of yesterdays blog, which was pledged to you last week.
A technical hitch with my habitual "pattern of thought" following an unusually arduous weekend, prevented the power of structured analysis.

Secondly, I am hugely humbled...... beyond admission, after receiving (courtesy of Javid and Anne) word from you, the readers of the FXCPS blog folios.

I cannot express the feelings of overwhelming gratitude after reading the array of testimonials you have so graciously bestowed upon myself and my fellow contributors.

I am equally thrilled to learn that you find the blogs not only adding value to your trading pursuits, but also a source of encouragement and enlightenment.

It is immensely satisfying to recognise that each supporters writing style hits a chord with individual readers, thereby attracting a larger and diverse audience.

May we continue to motivate and inspire you all!

Today I am considering the EUR USD pair.

A clear trend reversal has been in play after price reached an all-time high in July last year.

The weekly chart below displays a retracement concluding in mid December, followed by a bounce away from a celebrated fib resistance and cluster area.

Note also that price has fairly recently broken below the value index, signalling further weakness.

EURUSD weekly chart Advanced Get

Last weeks analysis (BLOG 20 Jan), alerted Dynamic Traders' to an AA configuration. This has yet to convincingly materialise, but a peep at a smaller time frame displays an opportunity presenting itself.

Below is the 4 hour chart for the same.

Heed the textbook 123 snap shot with the sub chart mac d behaving beautifully.

Using your own trading rules and risk tolerance, a gain may be grasped whilst loitering intently for the longer term swing set up.

Be mindful of news items and key trading times!


EURUSD 4 hour chart Advanced Get

Animated Trading!

Saba Jackson

USDJPY triangle

Dear Dynamic Traders,

Hope you've had a great start to the week, lot of movement in the markets going on. The GBPCAD posted yesterday moved around 500 pips to the upside. There is news due out tomorrow on all three musketeers, therefore trade with caution.

Today's chart is the Yen.After a move down to previous support price has produced a couple of spinning tops (exhaustion bars) and is currently around the figure. We are also witnessing higher lows and marginally higher highs.

The 4 hour chart shows price in a triangle formation getting ready to break out. This is our signal to get ready to take the opportunity as it presents itself. Please do your own analysis and follow ESLT rules as BOB presents itself.

Charts courtesy of Advanced Get

Good Trading!
Bijal Shah

Question 8
Am I setting into motion the causes that will produce the effects I want or am I settling?

GBPCAD Big move down, will there be a small pause?

Good evening dynamic traders,

Hope you all had a great weekend especially those spending time with Keith Cunningham!

Today's chart is the GBPCAD. It has been doing a move down for some time now, confirmed by the lower highs and lower lows. More recently it has done a sharp move down and tagged a trendline. MACD is showing convergence on mutliple timeframes. If there is a bounce then there will be a long opportunity.


























Charts courtesy of Advanced Get

Good Trading!
Bijal Shah


Question 7
Who is in control?

Mind Over Matter

Good Evening Dynamic Traders!

A crucial, (but often overlooked) part of a Traders learning curve is the practice of reviewing analyses.

My personal progress would not have accelerated at such speed without this religious discipline; an art that I still persist with and indeed, share weekly with you.

The objective is certainly not to assess whether the analysis is "right" or "wrong", but rather to determine the presence of an instinctive "edge" given a set of variables.

Once the evaluation is complete, "now moment" traders calculate the risk and pull the trigger with no hesitation, and a carefree state of mind; ultimately trusting their judgment.

This evening I am reviewing last weeks analyses.

Benefits will only be gained if these are cross referenced with the associated historical blogs.

EUR GBP (BLOG 9 Jan)

Below is the daily chart. Price did indeed choose to deliberate for almost a week before resuming the mount to the tune of 400 pips.
Price is currently perched at a noteworthy fib region debating a probable run on the pound.


EURGBP daily chart Advanced Get

AUD USD (Blog 13 Jan)

Those of you who braved the displayed entry opportunity will have bagged a decent 251 pips and the "swingers" may still be holding on.

With the AA's beautifully aligned on the daily chart, the trend is paradoxically building up muscle to weaken further.
Careful entry analysis to be considered for those risking a ride.

CADJPY (Blog 14 Jan)

The "vigil" certainly paid off! The triple bottom bellowed loud and clearly yesterday, thundering down in a mighty swoop to the tune of 240 pips before traders' dread fought back producing a dragonfly doji.
A watch list entry for a convincing break either side of the support.

GBPJPY (Blog 16 Jan)

Below is the daily chart

The rapid retracement after pinching support responded by price collapsing an almighty 980 pips, bursting through the horizontal into baron land.

Dynamic traders will need to credit their sub-chart studies and on-screen compasses to determine a likely direction.


GBPJPY daily chart Advanced Get

An overwhelming level of confidence will be acquired if Dynamic traders comprehensively review time worthy analysis.
More often than not, your evaluation will surely have measured the trend with ease, leaving only the matter of the mind.

By making yourself available to the "opportunity flow" and subsequently seizing the trade, prime profits will be realised.

My next note will be on Monday.

Prepared Trading!

Saba Jackson

EURCAD Bearish Flag/Triangle

Good evening Dynamic Traders,

What a day its been, lots of movement in the markets. Congratulations to those of you who have been doing your analysis, pulling the trigger and taking what the market makes available to you.

The CADJPY mentioned on last night's post successfully broke down and provided a movement of just over 300 pips. Today I actually feel very spoilt for choice, so much opportunity is presenting itself in the form of break outs, chart patterns etc.

Below are two charts of the EURCAD. The daily shows a potential bearish flag formation. Price had retraced to the Fib breather level and is currently resting on a trendline.

The 4 hour chart identifies price in a triangle. The Figure and value index are in close proximity and price has been consolidating. A breakout/BOB is anticipated so the appropriate rules can be applied for entry.

Charts courtesy of Advanced Get

Question 7
Who is in control?

Opportunistic trading!

Bijal Shah

Dow Jones Revisited

Good Afternoon Dynamic Traders!

I have chosen to assess the Dow Jones today.

The monthly chart has been down trending since October 2007 with sub chart indicators signalling sturdy weakness.

Below is the daily chart for the same.

A canvas of consolidation has been persisting for some months.

Price is now resting at a "zero" together with two clear support clusters.
The BB also reveal volatility close by.

Should price break the horizontal, confirmed by the BOB rules, we are likely to mark the trend trail continue into the next zone, towards a hardy support and figure flock.

This index can be unpredictable; be sure to utilise your ESLT wisely.


Dow Jones daily chart Advanced Get

Good Trading!

Saba Jackson

CADJPY - awaiting break

Good Evening Dynamic Traders,

The GBPAUD moved a further 600ish pips today (total move of approximately 1000 pips in 3 days!). The Cable has after much deliberation decisively broken through the strong support (although just between you and me I think the CPI and Governor King had something to do with it too). In short you will have noticed a lot of movement in price across the board today.

The Euro trade mentioned on last night's blog did not follow the 123B and instead continued south but that is how the markets are - uncertain and mysterious. All one can do is have good money and risk management in place so when the opportunity is available you can take it and when it goes against the identified edge, your risk is minimised.

I have chosen the CADJPY today as it appears to be on the verge of a crucial support. It has been in a period of consolidation for some time and may muster up strength to break through. Other considerations are the major RN and the descending triangle more apparent on the 4 hour chart.

Charts courtesy of Advanced Get


Question 6
Am I willing to accept the consequences of not changing?

Fun Trading!

Bijal Shah

Align Yourselves!!

Good Afternoon Dynamic Traders!

I thank you all for the kind well wishes towards my new pastime and the public appreciation from our colleagues, Bijal, Clayton, John, and our tutors' Javid and Anne.

Without this firm support from our terrific community, I may have been "stopped out" before reaching this extraordinary position.

Below is the daily chart for the EUR USD.

A pretty perfect swing may be on the horizon particularly for Dynamic Traders!

This pair has been losing strength since July last year, pausing to re-fuel a little last month.

It is presently gaining earthward momentum once again.

Last weeks note (BLOG 7 Jan) was heeding the reader to note certain bearings confirming price vulnerability.

Today, I alert you once again, but this time to your textbook AA for which we have been convincingly counselled.

Register the powerful XTL and wedge signal clutching at price.

By reviewing your notes, adhering to rules and of course engaging your ESLT , prepare for a prize descent; a virgin trend in the making!

EURUSD daily chart Advanced Get

An Early Trade In!

Saba Jackson

Short term opportunity

Good Evening Dynamic Traders,

Congratulations to Saba on your promotion to a full time trading career, this provides more inspiration and confidence for the blog readers.

The GBPAUD mentioned on Friday's blog has moved approximately 430 pips since writing the post and has earned me 224 pips today. It has tagged the first Fib breather level.

Today I have posted a very short term opportunity. I say this loosely as at the time of posting things look a certain way which may be completely different by the next morning. Therefore it is imperative that you do your own analysis prior to placing any trades.

The Euro on the 60 minute chart is showing signs of a 123886 formation. Price has tagged the Fib reversal point and bounced back. The chart below highlights the satisfaction of a couple of other criteria. Note the recent MACD convergence indicating that price may change direction.














Question 5
Who do I have to become to attract the success that I want?

Wishing you consistent trading!
Bijal Shah

A Trading Pursuit

Good Afternoon Dynamic Traders!

I will begin the week with the USDJPY pair, a regular both on this blog and my trading platforms.

The weekly chart has been down trending since June 2007 and more recently since August last year.

A host of sub chart studies supported by extension terminators indicate a looming reversal.

Below is the daily chart for the same.

The landscape shows us that price has been sloping down hill pausing for breathers, the latest of which is displaying a picturesque H and S pattern.

Indeed, last weeks note (blog 9 Jan) confirmed our favoured swing, harvesting over 230 pips.

Price has graciously retraced once again offering another basket of fruits. Note it resting at a very comfortable cluster bench, contemplating the next task.

Indications certainly appear in favour of a further swing down to resume the trend and trial the low of mid December!

Benefits will only be secure if you employ ESLT diligently with the exit zones planned carefully beforehand.

Beware! - tomorrows US Inaugration Ceremony may also wish to be considered at this time.

usdjpy daily chart Advanced get

I am also delighted to share with you news of my self promotion towards an absolute trading career!

Given the current economic climate, I have chosen to "scale out" of my ten year career in Financial Services and open a (well rehearsed) position as a full time currency trader.

My daily blogs will be posted each afternoon from hereon.

This will provide a degree of support to those Dynamic Traders who enjoy evening analysis and open positions early am before heading off to work.

This note would not be complete without due personal recognition and appreciation to Javid and Anne, the two mentors who have offered us all this golden opportunity......... an invitation that has been extended to every Dynamic Trader!

Make a Life in Trading!

Saba Jackson

Screening The Mind

Good Morning Dynamic Traders!

Yesterdays market behaviour was almost a fickle as my senses.

Unable to conclusively observe a suitable set up, I correctly chose to tighten the grip on open positions and lie low in anticipation of a clearer picture; a confession to those of you in expectation of my daily note.

I am keen to review the GBPJPY cross today.

The monthly chart shown below highlights the weighty and momentous support area.

Price cascaded almost 600 pips since Mondays update (blog 12 Jan) forming a wider view of a perfectly formed "double bottom"!!!!

GBPJPY monthly chart Advanced Get

Below is the daily chart for the same

Traders' dread has witnessed price remarkably (though expectedly) retrace at high speed to a marked fib breather point and almost to this weeks start line!

Knowing traders may be aware of the huge clues this rapid movement emits for succeeding price action.

The secret is to pay careful attention to a signal in either direction.

Using your BOB and filter techniques, together with your own trading stance, (be it aggressive or conservative) allow the occasion to present itself for a welcome barter.

Remember well - the best traders believe the uniqueness of each trading situation and permit the market to unfold as it desires, before grasping the occasion!



GBPJPY daily chart Advanced Get

Enjoy the weekend!

Saba Jackson

Sterling Aussie

G'day Dynamic Traders,

Hope you are all having a good week.
The EURCHF pair mentioned yesterday produced a bar today which stayed within the range of yesterday's bar and did not really do anything decisive. Those employing ESLT filters will therefore not have been triggered. Its time to be patient and allow the price to guide you. No one knows what is going to happen next and a winning trader does not need to know either (Mark Douglas).

Today's chart is the GBPAUD.
After a long move down price retraced to a Fib breather level ("big move, small pause, big move" in the words of our famous mentor). The value index has been tagged and is currently acting as resistance. A reversal candle is on display. Will the price continue its trend down?
Use the aid of trendlines, BOB and ESLT to time your entry.














Question 4
How long can I hold the vision?

Have a fantabulous weekend
Bijal Shah

EURCHF bearish flag

Hello Dynamic Traders,

The Pound gained a little bit of strength today (and did not quite get to test the previous support) as there was negative Dollar news out, the American consumers are spending far less than was projected.

I would like to discuss what looks like an exciting EURCHF today.
The price on the weekly chart shows it has been following the major trend since 2007 and is coming back to retest the low created in Oct 2008, with close proximity to a Fib reversal area.

The daily chart shows a potential bearish flag formation. The price is heading towards the Fib extension golden mean which appears to cluster with the retracement reversal level indicating possible gain of pips. Today's bar has produced what could be classed as a BOB. A reason not to take the trade or to be cautious would be the MACD convergence. Utilise ESLT for a safe entry.
Please do your own analysis.














Question 3
How would the person I want to be do the thing I am about to do?

Good trading
Bijal Shah

The Yen Vigil

Good Evening Dynamic Traders!

Today's later posting gives you a perfect opportunity for some evening analysis.

The Yen has been substantially strengthening across the markets!

Below is the daily chart for the CADJPY.

Price demolished almost 900 pips since last Thursday's note (BLOG 8th Jan) and is now mulling over its next move at the dominating fib reversal point 123 886 clustered close by a significant zero figure.

We may see a period of deliberation prior to price action.

Being mindful of the general downward trend, wise traders will be keeping a watchful eye for a break of the firm support or a reverse gear manoeuvre.

Ironically, the direction will be determined by " traders' " themselves; the smarter of whom will be sure to apply the correct filters and ESLT before taking their positions.

Keep the cross on your watch list and wait............... patiently for the signal!

CADJPY daily chart Advanced Get

Composed Trading!

Saba Jackson

Will it, will it not?

Good Evening Dynamic Traders,

Congratulations to Hina for winning the competition, very well analysed :o)!

My apologies for not updating last evening, after attempting to do my daily homework last night for a period of time, I found myself to not be in the correct frame of mind so had to walk away from the laptop. We all have these times and its best to avoid trading as it is the time most mistakes tend to happen usually by either seeing things that are not there or just being reckless.

On Sunday night's update I spoke to the EURUSD, price has not found it difficult to penetrate the strong support highlighted on the daily chart and has also infiltrated the golden mean. It is now heading towards the key Fib reveral areas though before it gets there, it may see some drama by way of slowing down or pullback at the 1.300 area. Trade management will be key to profit preservation.

The Cable has been in consolidation/range bound for a period of time. The price is again heading towards a level which has proved to be good solid support. Price has tried on at least 3 different occassions to breach it but has failed and retraced and looks to test it again. One to keep a close eye on for opportunity when the time is right either way. Please do your own analysis and apply the precious filters available to you that aid safer trading.














Question 2
Will this behaviour move towards what I want or am I settling?


Good Trading!
Bijal Shah

A Flagging Aussie!

Good Morning Dynamic Traders!

This morning witnessed explosive action which may have been caught by the early birds amongst you!
One of the many pairs that enjoyed the vigour is the AUD USD.

After last evenings webinar, "trends" should be at the very fore front of your mind.

The monthly chart proves that this pair is relishing a forceful down trend since July 2008 ,having demonstrated an unchallenged uphill stride for almost seven years!

Below is the weekly chart for the same.

Notice a "textbook" bearish flag formation recently completed by the candlestick cue and a critical fib cluster.

Clever Dynamic Traders will grab a quick glance at the AA ma's and may be ready to pounce on a likely alignment.


AUDUSD weekly chart Advanced Get

The daily chart (below) displays this recent retracement with more clarity.

Price has beautifully bounded off the breather zone, heading back down under!
The aggressive traders amongst you may well already have seized the opportunity.

But the market always offers zones for entry!
Heed the current price point which is seated at a crucial support fib.

An additional opening for a conservative stance may be on the cards provided ESLT is engaged diligently.


AUDUSD daily chart Advanced Get

Fun Trading!

Saba Jackson

Guarding a Cross

Good Morning Dynamic Traders!

Todays study is for the GBPJPY cross.

Both the monthly and weekly charts evidence a definitive down trending market. Price very recently rebounded away from a momentous support and zero figure.

Below is the weekly chart for the same.

Our very own special sub chart indicators reveal that the current earthward assault may have come to a temporary end confirmed by the popular MacD signals.

GBPJPY weekly chart Advanced Get

A closer look at the 4 hour chart pattern (below), displays price resuming its trend after the recent retreat from the historical low. It is currently resting at the golden mean, deliberating a further opportunity to re-test the low.

Sensible traders will keep a watchful guard in anticipation of price displaying a convincing reversal set up, or indeed a break of the figure supporting the slide. .

Exercise the correct techniques in each instance, bearing in mind the risks involved with speculating against the trend.

GBPJPY 4 hour chart Advanced Get

Good Trading!

Saba Jackson

Euro 123

Good Evening Dynamic Traders,

Hope you all had a good weekend, for those in the UK hope you managed to keep warm in the chilly weather!

Welcome to the second trading week of 2009. I have analysed the Euro today and would like to share my thoughts with you.

The daily timeframe is displaying signs of a continuation. MACD is following price and the angle and separation are looking strong downwards. The price has passed a major Fib breather level and is now hovering over a RN. The chart below highlights the next support level.

Conversely, the 60 minute chart is showing a slightly different picture for the short term (as you may expect). We have reached a Fib reversal level though price has since retraced and is now heading back down towards the next reversal level. In summary this is showing signs of 123 and therefore it may retrace further.

I would like to pose a few questions crafted by one of my favourite speakers Keith Cunninghan for you to ponder on over the course of the next few days. Hopefully it will help you as much as it helps me.

1. What am I doing today to get what I want?

Enjoy!

Bijal Shah

Weekend Review

Good Afternoon Dynamic Traders!

Today offers even more exciting news including the market moving NFP.

My trading rules dictate that I veer clear of the tidal wave and resume again once the surf has broken back to a gentle ripple.

The perfect opportunity for a review of the main opening weeks trades.

EURGBP
This cross proved to be an immensely profitable barter! Price plunged a staggering 660 pips, landing with a thud at the zero 0.9. (blog 5 Jan).
Deserved compliments to those of you who embraced the opportunity!

Another look at the same may give us some indication of next weeks movement.

The daily chart below shows clearly that the general trend is upward. This week has witnessed the cross catching its breath promoting a bullish flag formation.

Price is presently at a noteworthy fib support where we may see some deliberation.

If this support is broken, price may continue to exhale towards the next marked breather level.
Otherwise, the main trend should resume towards the historical high grasping at parity.

Either way, with diligent use of your ESLT, a nice flow of profits may be captured.

EURGBP daily chart Advanced get

USDJPY
This pair enjoyed a tidy 92 pip profit before racing back to the trend line to relentlessly continue the downward assault. (blog 6 jan).

The daily chart below displays how Mondays breather concluded by producing an indecisive doji and a bearish flag followed by the ensuing weakness.

Price is at the figure clustered with a known fib level and a trend line support. Knowing that the trend tends to be a firm friend, there is a high probability that price will break through the support towards a wave 5 extension.

By employing your continuation filters, a nice swing may be seized if price heads towards the relatively unknown territory .


USDJPY Daily chart Advanced Get

With the above evaluation, the dependable updates from Bijal and not forgetting the champion analyses from our sister site, Dynamic Traders are armed with a host of profit making possibilities!

Only by making yourselves "available" to the market, will the probability of these winnings be certain!

Thoughtful Trading!

Saba Jackson

Cable

Good Evening DT's,

The GBPCHF did a fake breakout yesterday and then proceeded south. This highlights the importance of employing the filters introduced by our mentors to help preserve trading capital.

The interest rate decision had a positive impact on the Cable moving it around 360 pips up. The Cable is a pair that I like to keep an eye on so here comes the analysis on it:

Strong support can be witnessed clearly on the weekly Cable chart. MACD has been making higher lows while price has been making lower lows thereby providing convergence.

A further breakdown with guidance from the daily chart shows that price has been range bound since the middle of November. Price has rallied over the last 4 days but is fast approaching the resistance zone. Price would have to break resistance for the swing trader to consider a longer term position. Will price continue up or will it head back down towards support? Some clue may be ascertained from the 4 hour chart.

What indicators are available to determine price action on the 4 hour chart?MACD is showing divergence; and more importantlyPrice is approaching a key Fib reversal level

So what's the verdict?
No one knows what is going to happen next, and you don't need to know in order to be a winning trader (Mark Douglas). Given the importance Fib plays, wait for the reversal signals to enter the trade. Conversely if resistance gets broken await the BOB and take what the market offers with ESLT and risk management.

Big news item day with NFP, GBP and CAD news.

Good Trading
Bijal Shah

A Brain Teaser

Good Morning Dynamic Traders!

Today I have chosen to conduct a savoury analysis on the CAD JPY cross.

The monthly chart has modelled a long term mounting march since 1999.

The medium to short term flow has flaunted a collapse of this dominance, most visible in October last year.

Let's take a look at the weekly chart below.

The last two months has seen price deliberating a prominent fib ext level. Clearly, at some stage, a shift in one direction or the other is imminent.

The gravestone doji is ostentatiously presenting indecision, leaning towards a downward turn, but MacD behaviour supported unanimously by our dynamic studies, indicate escalating strength.


cadjpy weekly chart Advanced Get

Below is the daily chart for the same.

We have witnessed an undeniable decline since July last year.

Note the recent price retracement to a marked fib level. The hardy trend line resistance has driven it back down to an alternative breather point.

Subchart indicators and on-screen studies are also smiling in appreciation of continued weakness,

Dynamic Traders are well aware that although conflicting studies may present a puzzling picture, success in trading lies in the ability to make oneself available to any market offering.


cadjpy daily chart Advanced Get

Intellectual trading!

Saba Jackson

GBPCHF continuation

Good Evening Dynamic Traders,

The Loonie mentioned last night, rallied in excess of 200 pips today, reached the 1.200 mark and retraced. The daily chart stands with a bullish engulfing candle in between a trendline and a support line.

Below are 3 charts on the GBPCHF. Although I have picked this pair please note that there is news out tomorrow on the GBP and it is anticipated that there will be an interest rate cut so trade with caution.

The daily chart shows a trendline and the next resistance that price is approaching. The main indicators show strength in the current uptrend, therefore price should look to continue its journey up.

The 240 chart shows the value index acting as resistance and MACD divergence.
Finally, the 15 minute chart, displays resistance and trendline support. If price breaks the resistance (which has been tested twice so far) then a good set up may be created by a BOB.

Risk free trading

Bijal Shah

A Simple Euro Survey

Good Morning Dynamic Traders!

The EURUSD has been down trending since July 2008.

The weekly chart evidenced a break of this trend in October last year after a sharp retracement to a recognised breather level. The New Year, however, has witnessed price revert to the main drift; presently seated at another breather zone.

The daily chart below displays this with more clarity.

Dynamic Traders may also wish to note the bearings of the "chicago" MA's, which are shadowing the recent MacD crossover.

Together with a relatively recent 123,886 formation, a conservative "edge" may be seen if the stalwart support is broken.

With the collection of tidings this week, volatility is surely around the corner!

Allow patience to dictate your trigger, whilst recognising there is no "need" to be certain of what will happen next.

Simply place the odds in your favour and define your risk by prudent use of your ESLT.

EURUSD daily chart Advanced Get

Elementary Trading!

Saba Jackson

Loonie Flag or DB?

Dear Dynamic Traders,

Good evening. Apologies for not putting up a blog last night, I had some technical issues with eSignal and was unable to take any screenshots of charts.

It's been an interesting couple of trading days of this year already, with plenty of movement and opportunity to capture some of the action. I have analysed the Loonie for today.
The daily trend has been down since December. Price retraced to the Fib breather level and then coninued its descent further. What is in formation currently could be considered a bearish flag which would mean that there is more strength to the downside? Having said that price has reached a previous support level at around 1.18 and this could well be a double bottom.Either way further confirmation is required in order to trade this pair.

The four hour chart shows MACD convergence. Given the strong support level and previous trendline we may see some consolidation at this area before a further move down or a retracement back to previous resistance.
Wait for your confluence of events to be in line before entering the trades with the appropriate ESLT filters in place.

Profitable trading!
Bijal Shah

A Thought In Probability

Good Morning Dynamic Traders!

My trading week would not be complete without a glance at my favoured currency pair!

Below is the daily chart for the USDJPY.

This pair has been on a persisting downtrend for over two decades and more recently since July last year. Last month it sprung back from a powerful support level on a determined ascent.

Price is currently testing a material trend line resistance. Indications certainly favour a further incline, supported by the DD rules.


USDJPY daily chart Advanced Get

A study of the 60 minute chart below displays an agreeable chart pattern which may confirm further strength if the resistance is conclusively breached.

Although analysis may place probabilities of a "long" opportunity in our favour, risk funds should be spent wisely in the certain knowledge of an "uncertain" outcome.

Be mindful of the mass news items due for release today!


USDJPY 60 minute chart Advanced Get

Good Trading!

Saba Jackson

New Year Unity!

Good Morning Dynamic Traders!

Welcome to 2009!

This year looks set to provide very promising trading months ahead.

I have added a welcome cross to my trading basket; one that has become the subject of nervous gossip in the recent months. The EURGBP is an extremely exciting doublet that must not be missed.

Although many banks are already treating them as equals, the charts reveal that price edged dangerously close to parity at the end of December, before traders' panic pulled it back to safety.

Nevertheless, we are witnessing an historical high and it is highly likely that the "zero" will be re-tested in the near future, suggesting a very possible breakthrough!

Let's run a fuller analysis on this currency pair.

The monthly chart clearly demonstrates Decembers dictatorship confirming the steady uptrend since mid 2000.

Below is the daily chart.

Although the main trend is upward, indecision candlesticks perched at a trend line support are contemplating an enduring wave 4 breather.

Subjective fib studies divulge the likelihood of price heading down to re-test the figure towards 0.9, before racing towards parity and beyond, abiding by the overall trend.

The sub chart indicators confirm the same.


EURGBP daily chart Advanced Get

The 4 hour chart (below) pleasantly provides similar confirmation.
Our mentors "chicago" indicator as well as the infamous 123 top should be alerting you to an impending downturn.

Prepare for some action - but remember........

The best traders always take an objective stance. They understand the "uncertain" nature of market movement. Anything can happen!

Call up your rules:
determine your entry point via lesser time frames
follow ESLT, be it mechanical or otherwise.
predefine your risks!

Now take a breather yourself and enjoy the day ahead!


EURGBP 4 hour chart Advanced Get

Balanced Trading!

Saba Jackson

Happy New Year!

Dear Dynamic Traders,

Happy New Year to you all. Hope you had a fantastic festive season.

Not only is this the first trading week of the year but it is a massive week in the news item front and looks to be driven by the Dollar and GBP news. There are quite a few pairs that are looking interesting and it feels very exciting as the action will unfold in front of us. I have decided to post the EURUSD today.

The monthly chart for this pair shows a long term strong uptrend since 2001. The trend was briefly disrupted from July last year but is showing signs (by way of large bullish candle in December) of resuming the longer term trend.














The daily chart is demonstating a squeeze formation on a short term identified by the trendline. Price is in close proximity to the value index and to a significant RN. The shorter term opportunity can be seen more accurately on the shorter timeframes for more precise analysis and entry. Wait for the confluence of events before employing ESLT to trigger the trade.

Happy Trading!

Bijal Shah

Low Liquidity

Happy new year forex traders.

Hope you have all had a fantastic holiday period and I am sure some of you will be disappointed it is coming to an end but the markets have to open at sometime so I for one am so happy we are only a few days away from forex trading with good liquidity again.

Some of you may have been stopped out on trades over the holiday season numerous times even with good technical analysis in place and you can blame most of that on low liquidity. Although the market will open today, Monday will bring in the new year with currency trading back to the liquidity levels we expect and need for successful trading.

As of next week we will start our Twitter updates so be sure to look out for them. Readers of this forex blog will know the updates from Saba Jackson, Bijal Shah and Jagir Singh but also make sure to visit our sister sites www.fxcps.co.uk updated by John Maher and Clayton Farnworth and also dynamictraderblog.com updated by Anne Chapman.

Lastly, I would like to remind all webinar members of fxcps to check their email for the competition to win a brand new computer.



Have a good dynamic trading week.

Javid Shaik
Forex Analyst