A Likely Line-Up!

Good Morning Dynamic Traders!

This week has already delivered a bountiful booty for those 'on tap' with the market.

It is likely to promise further favours before we close for the month end.

The Swissy is the subject of my scrutiny today.

The weekly chart displays its unsettled behaviour; we have witnessed price dither at the value index this entire month!

Below is the daily chart for the USD CHF

A congregation of confluences are upon us.

The triangle formation is tightening its grip as price contemplates a stalwart trend and horizontal support.

A peep at the BB study nods in favour with the complimentary sub chart mac d, whilst the wave 5 elliot wave is keen to comply.

A break and close below the brace may bid a conservative swing opportunity.


USDCHF daily chart Advanced Get

The four hour chart below beckons an alternative (aggressive) arrangement for the trigger friendly

trader, which agreeably complies with the daily directive.

Mark the price piercing at a near term trend support confluenced with the figure and a noteworthy fib breather buoy within view.

Beware!....... the value index intimidates a support area close by, which must be heeded with caution.

Utilising your ESLT and BOB filters attentively, another likely 'line-up' is at hand!

Heed the US news releases today!


USDCHF four hour chart Advanced Get

Flexible Trading!

Saba Jackson

Cable Squeeze

Dear Dynamic Traders,

Yet another day of large movements across many pairs. Well done to those of you dynamic traders who are making the most of the opportunities presented by the markets.

The Cable chart below has moved in excess of 400 pips today. Its been in consolidation for some time now. A squeeze formation is apparent and a slight breakout was witnessed today. Aggressive traders may already be triggered into a trade. Although a likely breakdown may be expected ("no one knows what is going to happen next"), further confluences including a BOB are required for my entry trading rules to be met.

Note high volatility news out tomorrow affecting this pair.













Fortunate Trading!
Bijal Shah

Follow Javid on Twitter
Follow Anne on Twitter

http://www.fxcps.co.uk/blog
http://www.dynamictraderblog.com/
http://www.fxcps.eu/

Gold & Yen

Good Evening/Day Dynamic Traders,


Having mentioned that the Yen currency pairs have been quiet recently, they all happened to make massive movements today. Well done to those of you that captured some of the movement. I have taken the opportunity to revisit the previous blogs for USDJPY and Gold from last week.


The USDJPY daily mentioned on last Thursday's blog is posted below. It has broken through previous resistance and gone through the Fib breather level on the weekly chart. MACD is showing continued strength to the upside. That said, price is approaching several confluences including the figure, Fib cluster and the value index. If the trend has indeed changed then all of these will merely delay price going upwards and good management of the trade will enable profit taking. If price is retracing to the next breather level, before it continues with the trend, then a good aggressive opportunity may be available for entry.















Gold (mentioned last Wednesday) did infact tag the 1000 mark again, and provided a nice reversal candle before retreating down. It will soon be faced with a strong support level combined with a Fib breather level. If the trend continues to the upside this area will provide good opportunity for entry on trading with the trend. One for the watchlist!














Good Trading
Bijal Shah

Follow Javid on Twitter
Follow Anne on Twitter

http://www.fxcps.co.uk/blog
http://www.dynamictraderblog.com/
http://www.fxcps.eu/

A Conflict of Interest

Good Evening Dynamic Traders!

The EURGBP cross has been catching my eye for some weeks in anticipation of resuming the extended trend towards parity.

Although the weekly chart identifies a weakness, the daily chart below boasts a bullish flag formation whilst price movement today deliberates a trend support.

With the current retracement patiently poised at a momentous fib breather level and the mighty 'value index' affirming direction, it would be reasonable to barter a rally towards parity.

However, sub chart studies are singing a contrary chorus confirming that the market is always right!
A closer study of this cross may furnish us with clues for ensuing price action.


EURGBP daily chart Advanced

Below is the 4 hour chart for the same

Todays movement has punished the above analysis beckoning price through a sturdy trend support and the horizontal, where it is expected to conclude this evening.

Indeed the value index is rejoicing in the confusion!

Dynamic Traders should be well rehearsed in the use of on-chart tools to determine a likely 'undertaking' for tomorrows movement.

With rigid use of a risk management regime and an open and flexible mind set, the availability of a reward is at your finger tips.


EURGBP 4 hour chart Advanced Get

Now Moment Trading!

Saba Jackson

EURJPY

Greetings Dynamic Traders,

Hope you all had a pleasant weekend. The Japanese Yen pairs have been in a consolidation mode and therefore not been the subject of much conversation on the blogs for a while.

Below is the chart for the EURJPY which looks like it may decide to give us some tradable action. Price is close to a previous resistance, along with a trendline resistance, a Fib breather and the old faithful RN. In addition, the last two bars, though bullish in nature appear quite weak in the form of doji. This all indicates that a change may be in order. Please do your own analysis and adopt good risk management to enable the longevity of your trading career.














Good Trading!
Bijal Shah

Follow Javid on Twitter
Follow Anne on Twitter

http://www.fxcps.co.uk/blog
http://www.dynamictraderblog.com/
http://www.fxcps.eu/

Afternoon Review

Good Afternoon Dynamic Traders!

Todays tardy note will review last weeks action whilst discussing a benefit of considering a strategy that incorporates a longer term profit margin, together with possible intraday gain gatherings; many a time utilising the same currency couple.

AUDUSD (x refer BLOG 16 Feb)

This pair dwindled with determination providing a 151 pip profit; a welcome start to the week!

Below is the daily chart for the same.

Although price has reasonably retraced since the flow down hill, the trend remains earthward.

The nearing trend line support, with longer term swing strategy corroboration, offers probabilities for a healthy return.

Discerning Dynamic Traders will consult their hand books for a host of ideas!


AUDUSD daily chart Advanced Get

EURUSD (x refer BLOG 17 Feb)
This pair offered us a spectacle of volatility last week, closing above a sturdy trend line on the daily chart, perhaps promoting some further strength.

Although patiently perceiving a weakening swing trade opportunity with the trend, a smaller time frame may tender a valuable short term barter requiring attentive focus.

The 4 hour chart below shows price perched at a resolute S/R level.

The value index close by, supported by the figure and two momentous fib studies, may suggest a rally towards this region if a conclusive break is witnessed.

Heed Dynamic Traders, bartering against the trend requires careful observation and diligent use of the ESLT.

With this in mind, understand the market often offers profound profit possibilites with a single currency pair across differing time frames!


EURUSD 4 hour chart Advanced Get

GBPJPY (x refer BLOG 18 Feb)
Following fundamental news, this cross provided the market with a staggering 525 pip profit for those who bartered a break out signal!

Informed use of trading rules and ESLT should not have triggered traders into a break down entry.

This cross provided a prime example of market behaviour proving the uniqueness of each moment in the market.

The best traders perceive the market objectively,embracing and accepting risk; unaffected by what will happen next.

Good Trading!

Saba Jackson

USDJPY

Good Evening/Day Dynamic Traders,

Below is the USDJPY daily chart. The price is approaching a previous resistance level and could turn out do a double top. The overall trend is down and therefore having done a retrace, price may head back down. There are some further signs to confirm a possible retrace on the 4 hour chart below, where you can see MACD divergence and also a potential reversal candlestick formation by way of tram tracks. Having said all that, the weekly chart shows that price has a little way to go before it reaches the Fib breather level which may mean that it has some steam left to the upside. My conclusion therefore is to wait for a BOB and apply ESLT or a filter to ensure you don't get caught by a fake breakout or wait for confirmation of reversal before entry. Either way be patient and cautious given that it is also the end of the week.


























Good Trading!
Bijal Shah

Have an awesome weekend.

Follow Javid on Twitter
Follow Anne on Twitter

http://www.fxcps.co.uk/blog
http://www.dynamictraderblog.com
http://www.fxcps.eu/

Golden Opportunity!

Dear Dynamic Traders,


Hope you are having a good week so far.

Not a usual forex analysis though one of interest nonetheless. The major trend for Gold has been up. It has now reached close to a momentous price target of 1000, not only is this a massive figure, it's also a strong previous resistance level, and it has only managed to breakthrough this level once for a short distance before retreating.















Though the MACD on the weekly chart shows continued strength, it is worth noting that the Daily shows much longer term MACD divergence. So what is likely to happen? No one knows, nor do we need to know! Price may break through resistance in which case we will await a BOB and apply ESLT for entry. Alternatively, price may decide to take a breather and consolidate or retrace given it has been going uphill for a while. In either case we will be prepared to utilise the opportunity when it presents itself with the confluence of events.














Good Trading!
Bijal Shah

Follow Javid on Twitter
Follow Anne on twitter

http://www.fxcps.co.uk/blog
http://www.dynamictraderblog.com/
http://www.fxcps.eu/

An 'Average' Assembly

Good Morning Dynamic Traders!

I have been prudently perusing a probable prime picking this morning.

Below is the 4 hour chart for the GBP JPY

This cross is enjoying a convivial mood through a gathering of the various ma's that all Dynamic Traders should habitually expose on their screens.

This manifests a stalwart resistance region!

The wedge formation proffers a break out opportunity close by, clustered with numerous sub chart indicators.

Note also the recent 123 786 on the daily chart.

With such an abundance on display, my variables lean towards price vulnerability, regarding an historical retest of an all time low.

Discretion should be employed when choosing a suitable opening, engaging the ESLT rules earnestly.

GBPJPY 4 hour chart Advanced Get

The next update will be on Friday, discussing this weeks play.

Tactful Trading!

Saba Jackson

Swiss chocolate mousse (for those who wait)

Dear Dynamic Traders,

It has been a good day on the EURGBP today, we were provided with a nice breakdown.

The GBPCHF is now showing a triangle and a potential head and shoulders on the 240 chart. I am looking for a break down for the price to continue following the trend although as we know anything can happen therefore, there could be a break out on the upside too. I will wait for my signal and patience may be required here before entering the trade.














Good Trading!
Bijal Shah

Follow Javid on Twitter
Follow Anne on Twitter

http://www.fxcps.co.uk/blog
http://www.dynamictraderblog.com
http://www.fxcps.eu/

Euro Trinity

Good Morning Dynamic Traders!

The EUR USD pair has been the subject of personal scrutiny for an extended strategy entry.

The recent note of 1st February will confirm this vigil.

Below is the weekly chart for the same.

Weakness has been persisting since July last year, established furthermore by a breach of the Value Index in January this year.

Consider the rigid support which is in close proximity!

Although the apparent 123 886 chart pattern may dictate a retreating manoeuvre, several undercover studies signal price vulnerability.

These contradictory confluence of events bellow a break out beacon!

The strategy trio..... BB, DD, and AA are all prepared to offer donations, with the former two now on close guard awaiting a determined direction.

The canny Dynamic Trader will choose a triplet and patiently perceive a command either way.

Seek out your webinar guidelines in preparation for this Euro Trinity.



EURUSD weekly chart Advanced Get

Detached Trading!

Saba Jackson

Something's gotta give

Dear Traders,

Well done to those of you that captured some profits from the Swissy's movement today.

The EURGBP is showing signs of a potential breakout. Below is the 240 chart, somewhat smaller timeframe than usual. Several areas of resistance have been highlighted by the line drawn. The value index has been tagged numerous times recently. In addition (not drawn on the chart) there are several areas of support close to price action. All in all, price is coming into a squeeze and will have to burst out one way or the other. We will position ourselves and wait for the right opportunity and confluence of events to take what is offered if the filter rules are adhered to.














Good Trading!
Bijal Shah

http://www.fxcps.co.uk/blog
http://www.fxcps.eu/
http://www.dynamictraderblog.com

Follow Javid on Twitter
Follow Anne on Twitter

The Aussie 'Look Out'

Good Morning Dynamic Traders!

The AUD USD pair cited on the 4th February, has been a watch list entry for some time.

Below is the weekly chart for the same.

Price has been demonstrating a downward assault since July last year.

The bearish flag formation conceded last month is presently approaching a trend support district.

AUDUSD weekly chart Advanced Get

An aggressive view of the daily chart below reveals a similar pattern in play.

Using your toolkit to define further variables, an acceptable entry point may be chosen for a likely swing towards the next price zone.

A moderate stance may wish to anticipate a mechanical AA line up for an alternative profit opportunity.

AUDUSD daily chart Advanced Get

Tip Off

The Swissy subject considered on February 5th and again on Friday is moulding a pleasing 123 886 as I write.

Given it has been re-inforced in last evenings note, Dynamic Traders may wish to consult their analysis screens for a timely market 'open' entry.

Regulate your rules attentively!

Good Trading!

Saba Jackson

Swissy for the watchlist

Greetings Dynamic Traders!

Belated Happy Valentines Day to you all! Hope you had fun (at least for those that remembered!).

Welcome to the newest forex apprentice's starting on Monday. Hope you are ready for an exciting few months of learning from the great Joda of the markets. May the force be with you!

I have spent some time today updating my trading plan before I did my analysis. To my surprise (pleasant) I was able to cross off one improvement item which I have overcome in my trading. It is good practice to revisit and revise your trading plan as each one of us is constantly evolving and growing.

I have picked the Swissy to discuss today. Price on the Weekly chart has been at around one area for about 4 weeks now, close to the value index. It is also approaching a Fib reversal area and the last 3 candles have been doji (a candlestick expert once told me that the doji singular and plural is the same). The normal conclusion from all of this would be that the price will turn or retrace so why am I hesitating to say that?















In addition to the above, our friend MACD, on the daily timeframe is showing divergence. The reason I am going to keep this on my watchlist is because there may be a retrace before price decides to continue because it has been making higher highs and lower lows and the recent trend has been up.













Note, the US are on holiday tomorrow so markets may be slow


Good Trading
Bijal Shah


Imagination is more important than knowledge. For knowledge is limited, wheras imagination embraces the entire world, stimulating progress, giving birth to evolution.

Albert Einstein

http://www.fxcps.eu/
www.fxcps.co.uk/blog
http://www.dynamictraderblog.com/

Follow Javid on Twitter
Follow Anne on Twitter

Beautiful Bounties!

Good Morning Dynamic Traders!

Another prime trading week is coming to a close, leaving room to reflect on recent activity.

Below is the 4 hour chart for the Dow Jones (x refer BLOG 11 Feb)

This index chose to break through with a vengeance yesterday rewarding Dynamic Drivers with almost 230 pips before consternation finally pushed price uphill.
Bravo to those of you who rallied towards the finish line yesterday evening!

The daily chart is currently bragging a fine dragonfly doji, supported by the bullish engulfing candlestick on the 4 hour chart below.

Dynamic Traders should recognise the likely ensuing movement and may wish to reap a little more reward before the trading week concludes.

Your fib studies as well as a closer look at support and resistance lines, may intimate exit areas.

Consider ESLT carefully.


Dow Jones 4 hour chart Advanced Get

EUR GBP (yesterdays BLOG)

This cross has already forgiven a beautiful bounty to the tune of 200 pips today!

This confirms (yet again) the muscle of a 'confluence of events' over differing time frames, that simply cannot be overlooked.

Heed Dynamic Traders..... our mentor repeatedly drills these incidents at us on a regular basis.
This should, by now, have seeped into your subconscious minds allowing you to profit from regular opportunities.

Watch list Entries

AUDUSD (x refer BLOG 4 Feb)

This pair has yet to break a trend line in its chosen direction, before a swing opportunity prevails.

USDCHF (x refer BLOG 5 Feb)

Remain on guard with this pair!

The reversal wick on the weekly chart is teasing action for next weeks play.

Discerning Traders may also wish to read Richard's excellent 'post activity' analyses on the latest sister site, which offers extensive insight and knowledge for future barter scrutiny.

An Amorous Weekend!

Saba Jackson

Latest success

I would like to share a testimonial sent in by a dynamic trader earlier this evening.

You can read more about Kartik here. Below is his testimonial.

Prior to meeting Javid I had spent the best part of 15 months learning about the forex market. All the knowledge I had obtained had largely been self taught through reading many books on technical analysis, the psychology of trading as well as spending countless hours watching videos on technical analysis. In addition, I had attended a 2 day seminar on technical analysis, along with attending several free seminars on forex trading, all in my quest to find someone who has a genuine track record of consistent success in trading currencies. I realised along the way that many could 'talk the talk' but very few indeed can actually 'walk the walk'. Unfortunately those who proclaimed to be successful traders would only share their knowledge through strategies that were packaged with a veneer finish for the mass market and carried a very expensive price tag. Personally, I could not attach any value to such offerings as I wanted to know the 'nuts and bolts' of trading.

My goal was to find a Mentor with a proven track record who could help me fill the gaps and offer guidance and support. Now, if you believe in the Laws of Attraction (The Secret), you will understand when I say that a mutual friend happened to mention Javid's name in conversation one day, I made contact with Javid and the rest is history………….

Javid is an individual who has a real passion for forex trading. The two days I spent with Javid were very informative and extremely productive. Javid's 'open book' approach to teaching meant that he shared his knowledge, methods and strategies with me at the grass roots level. His explanations of technical analysis, risk and money management were very straightforward and easy to understand. My mentoring session with him was excellent. My progress since meeting Javid has been exponential.

Anyone who spends time with Javid will quickly realise that his overall offering comes from his raw passion of trading and this is the type of mentoring that is essential for anybody who seriously wishes to become a forex trader.

Kindest Regards
Kartik

Thank you for your kind words earlier and for your testimonial Kartik.

This almost wraps up another good forex trading week. I hope you have all enjoyed the dynamic traders daily fx analysis and also Richard our newest members updates. A couple of you seemed a little confused with my GBPUSD analysis and I would ask those who were either confused or unsure as to what the analysis implied to read it again and try to analyze it further on your own charting software (although the profitable move has now taken place) to grasp the entirety of my update. You can find the analysis here.

Enjoy your weekend.

Javid Shaik
Forex Analyst

My humble apologies

Dear Dynamic Traders,

Hope you are all well and having a good trading week. I want to apologise for the lack of post yesterday, I had a work deadline to meet and it has kept me busy this week. Having met the deadline, I was looking forward to posting a last time for the week but my eSignal is not working. Sorry people, my next post will be on Sunday night. Have a massively fun weekend.

Good trading!
Bijal Shah

Euro Directive

Good Afternoon Dynamic Traders!

This mornings watch list scan screeched out the EUR GBP cross.

The note on 3 February suggested a 'gestation' period, which may shortly be due for a delivery.

A market opportunity to hitch that 'cable car ride' is within view, but we are required to perceive its course.

Below is the daily chart for the same.

The extended trend is uphill.

The chart pattern boasts a bullish flag, which may be inclined to oblige given the recent appreciation displayed by the weighty fib breather level.


EURGBP daily chart Advanced Get

However, we are witnessing a cluster of resistances on two significant time frames.

A sturdy horizontal and our value index beacon (exposed on the 4 hour chart below), compounded by the steadfast zero compels us to wait in the wings for a definitive directive.

Although in favour of "buying the dip", I will wait patiently for the 'nod' from the market.

You may have noticed that our mentor, Javid, has also added to this cluster by "twittering" this cross earlier today.


EURGBP 4 hour chart Advanced Get

Supervised Trading!

Saba Jackson!

The Dow Undertaking

Good Evening Dynamic Traders!

After an eventful, extended weekend, it is a pleasure to return to the trading table.

I will resume updates with an inspection of the Dow Jones, an index that has been patiently piled in my watch list.

Below is the daily chart (x refer BLOG 1 Feb)

Price has tested the steadfast support eleven times in over a fortnight to one degree or another. The zero figure is proving to be a stubborn constant.

Note the recent trend line break following a text book 123786

Given the distinct downtrend and yesterdays major dart at the horizontal , which may arguably be considered a "break and close" we may see a breakdown before very long towards the 7500 support in sight.

An entry below the support or even a designed strategy such as the DD may be employed as a conservative entry.

Fearless Dynamic Traders may wish to anticipate a bearish flag for an aggressive profit opportunity!

Whichever deal is chosen, utilise filters discreetly whilst engaging your BOB rules with concern.

Recall.... by defining your "edge" you simply have a higher probability of price flowing in your chosen favour,
but forget not.... each moment in the market is unique and therefore, anything can happen.

With an accepted and pre-defined risk, the savvy trader will wait for the market to decide.

Be aware of US news due tomorrow!

Dow Jones daily chart Advanced Get

May I take this moment to recognise the Agfa Head Office and the contingency in Singapore who have expressed their appreciation at our regular notes and to return the gratitude to our extraordinary mentors' who relentlessly champion our progress behind the scenes.

Instinctive Trading!

Saba Jackson

GBPCAD channel

Dear Dynamic Traders,

Good day to you! Congratulations to those traders that have taken profits from the GBPCHF trade, it moved over 700 pips today.

Welcome to another fellow blogger - Richard.

Today's analysis is based on the GBPCAD pair. The daily shows range bound activity with price changing direction at trendline support or resistance with other confluence of events. It has now hit the trendline and is looking to go down in the direction of the longer term trend. Remember "the trend is your friend".














The 4 hour chart evidences a triangle formation and price has broken out. I would enter with caution given the value index is in close proximity and could act as support.

Good trading!

Bijal Shah

Re-visiting the GBPCHF

Good Evening Dynamic Traders,

Hope you had a phenominal weekend. It seems that we (in England) have a variety to experience in terms of weather, snow and now terrential rain. The universe is helping the train drivers produce some good excuses for disruptions to people who are so desperate to get to work. I wonder if we can make the sun come out? Enough about the weather (no mentioning Phil Scolari..) so I will stop now and move on to my analysis for this evening.

I have done a revisit on the GBPCHF pair this evening. The weekly chart shows the longer term trend to be down. The price has almost retraced to a Fib breather level. Given that this is a longer timeframe, as you know it normally dictates the course of events.














The daily chart unearths a lot more.
I mentioned a possible inverted head and shoulders on my last post. Price broke through decisively last Thursday and it's now approaching a RN, support turned resistance and Fib clusters. If price manages to break through there may be further mileage left if the chart pattern holds true. If you are in the position, manage it carefully.

Chart courtesy of Advanced Get


Good Trading!

Bijal Shah

Reflection on GBPCHF

Dear Dynamic Traders,

Yesterday's post of the GBPCHF highlighted a potential triple top. The price mustered up strength today to the upside and did not look back. It has definitively broken through the resistance. Although the analysis yesterday showed a potential opportunity to the downside, it could be that the news today has had an impact on the move.

I have subsequently spotted a possible inverted head and shoulders (I say possible as you cannot be sure until the move has happened). The move up has been too big and my risk management does not permit me to enter the trade at this point. In addition there is a doji apparent at the time of writing this. I will now wait for the price to retrace and enter if the confluence of events still hold true.

Chart courtesy of Advanced Get

Good Trading!

Bijal Shah

Weekend Recollection

Good Evening Dynamic Traders!

After an eventful news day followed by heightened market volatility, and indeed the lunar NFP due tomorrow,my trading boycott is still in force.

A welcome opportunity to re-visit a recent trade.

USDCHF (xref BLOG 28 Jan)

Following the note, the Swissy continued to find strength until it finally forgave an acceptable 266 pips at an explicit 123 top and reversal wick.

However, the strength to the upside is persisting whilst MacD (daily chart) survives an ongoing divergence.

The larger time frame may identify a tip-off towards a clearer reversal region.

Below is the weekly chart for the USD CHF.

Dynamic Traders will immediately mark the proximity of the value index to current price action

The fortified cluster of the resistance line, weighty fib reversal and the figure should be alerting you with blaring sirens!!!

A reversal or a breakout is on the cards, with the former meeting my seal of approval.

With the markets decidedly in power, a composed and watchful eye should be kept on this pair for a lucrative ride either way.

Filters and ESLT must be employed diligently.

Braving the Eurostar this weekend, and further likely snowdrifts across the channel, will mark the return of my dailys' next week.



USDCHF weekly chart Advanced Get

A snug weekend!

Saba Jackson

GBPCHF Double Top

Good Evening Dynamic Traders,

Hope you are all having a great week - trains, planes and automobiles all finally returning slowly back to normal in London after a dusting of the white stuff. I would like to say a big thank you to Reath Witherspoon and Super Coolio, very amazing, generous & humourous souls.

I have analysed the GBPCHF chart for this evening's analysis. The long term trend has been down since July 2007. The daily chart shows a retrace to the Fib breather level and from the snapshot below you can see that the price has tested the same level several times previously with little success.

The 240 chart shows a potential triple top formation. Price may continue upwards to test the previous level as it has not yet quite tagged it or it may decide to head south directly. I will look to go short when the correct entry signals are available to me. Await your confluence of events and enter with the relevant filters.

Chart courtesy of Advanced Get

I am unsure if I will get the opportunity to update again tomorrow night, if I don't have an outstanding weekend.

Good trading!
Bijal Shah

Streamlining The Aussie

Good Evening Dynamic Traders!

Today's analysis is designed to demonstrate that simplicity often delivers the greatest rewards.

Below is the monthly chart for the AUD USD pair.

The trend reversal in July last year has confirmed the new downward assault.

The bearish flag formation together with the clear breach of the value index reinforces the decline.


AUDUSD monthly chart Advanced Get

The daily chart (below) displays a descending wedge development in play.

Price is currently sealed at a round number.

Following the friendly trend and a break of the support, there is a high probability in favour of price flowing towards the next zero at 0.6, a cool 500 pips away.

Dynamic Traders may wish to open their tool box for a fervent analysis, but do not negate the power of a basic breakdown.

A simple scan of larger time frames can offer great clarity, and can often become the guiding force towards a rewarding trade.

AUDUSD daily chart Advanced Get

Modest Trading!

Saba Jackson

Euro Snowed Under!

Good Morning Dynamic Traders!

The EURGBP cross is displaying an abundance of variables for consideration; an exciting cross to discuss and decipher today.

The monthly chart distinctively displays an upward trend since the turn of the Century.

A virtually successful 'run on the pound' at the close of 2008 terrorised traders enough to ski down a black slope, which continues, despite the recent 'drag lift' attempt in January, back towards parity.

Below is the daily chart for the same.

The short term trend is cocaining downhill.

Price decisively snowboarded through a breather level and zero cluster last week, clambering back for comfort yesterday.

This movement manifested a trend line break followed by a fracture of a support last Friday, forming a double bottom formation.

Dynamic Traders should recognise the implications of this arrangement in the overall trend, whilst noting MacD boasting a contradiction on differing time frames!

The "zero" is proving to be a tough support

This indecision may be heightened by the material news releases due this week.

A 'swing' stance may gear traders towards a gestation period; patiently perceiving a market opportunity to hitch a cable car ride back towards the top of the mountain.

EURO GBP daily chart Advanced Get

Consistent Trading!

Saba Jackson

A Sunday Study

Good Evening Dynamic Traders!

Having broken into 2009 with explosive volatility, February looks set to start in similar fashion!

A review of recent pairs may proffer varied opportunities for the week.

USDJPY (x ref BLOG 19 Jan)

This choice pair continues to observe analysis, tumbling another 353 pips to re-test a momentous support, before retracing to rest within a fib region!

Felicitations to the Dynamic Riders!

Although the weekly chart persists to threaten an impending reversal, we may, once again, spy another bold run towards the low, forming a triple bottom, should signals permit.

Below is the daily chart.

The trend is clearly tailored downward. Swing traders may wish to wait for a break of the support before joining the journey for further gain.

The 123,786 in view, may entice an aggressive stance for a flow beyond the trend line break, with a judicious ESLT in place.

USDJPY daily chart Advanced Get

Dow Jones (x ref BLOG 21 Jan)

Below is the daily chart.

Price veered away from the horizontal last week, but has again fought its way back down towards the support, seated at a trend line brace and a zero figure.

A swing stance for this erratic index instructs me to attend a break of these buttresses.

Assuming this, revenues may be within reach, as price burrows towards the support zones at 7800 to 7500.


Dow Jones daily chart Advanced Get

EURUSD (x ref BLOG 27Jan)

Below is the daily chart.

No sooner was the previous note posted, price plummeted by 350 pips providing pleasing profits for Dynamic Traders who enjoy this pair.

Beady eyes should remain on the AA which has almost ripened pending the agreement of a special sub chart study.

We may find a long term "swing" in play if a breach of last weeks support is confirmed.


EURUSD daily chart Advanced Get

With the myriad of news items due this opening week, Dynamic Traders should employ their risk management rules religiously in each case.

The next update will be on Tuesday.

Dynamic Trading!

Saba Jackson