Last weeks charts revisited

Good evening Ladies & Gentleman,

Lots of movement on the Yen currencies happened overnight. Below are the weekly and daily charts for the EURJPY and EURUSD. I thought we would take a big brother view today in addition to the reviewing the daily charts.

EURJPY
The weekly chart shows the medium term downtrend. Price retraced through a strong resistance level to a Fib breather level and a RN. It then produced a reversal candle and started to move southwards.















Last week when I posted this chart, price was approaching the value index and the 135 figure. It has since tagged the value index and bounced off it. The daily chart shows price is now appoaching a support level which is in close proximity to a Fib breather level. If you are already in this trade, it will need to be managed closely to protect your profits.














EURUSD

The weekly EURUSD shows a triangle formation, price is getting constricted into a squeeze.














The daily chart is a little busy but I wanted to ensure I captured everything to share with you. On the last post price was hovering around the value index, it continued to do this for 6 days before it broke down. Price is now heading towards an area of support, Fib breather level and RN. Again trade management is key as we approach this level. MACD is currently following price and not showing any early warning signs of reversal.














You will note that the Swissy is doing almost exactly the converse of the EURUSD.

Good Trading!
Bijal Shah

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AUD 123786?

Good Day Dynamic Traders,

Hope you are enjoying the weekend. We seem to experiencing all the seasons in a day in London.

Today's chart for consideration is the Australian Dollar. Price has rallied since around the 10th of March and hit a Fib reversal area early last week. The reversal candles, RN and MACD divergence are pointing to a possible 123786 formation and price is close to the trendline. Should it break the trendline then there may be a good opportunity to capture some pips. The lower timeframes decorated with S/R/T will provide an entry point and risk level that suits the intestinal fortitude unique to each trader. Do note however, that the next reversal level coincides with strong resistance therefore price may well go to test that level before it decides to continue with the longer term trend.














Good Trading!
Bijal Shah

"Ordinary things consistently done produce extraordinary results."
Keith Cunningham

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Where will the Loonie go?

Good evening Ladies and Gentlemen,

Hope you have had a good week so far. Last update for the week features the Loonie.

Price has found its way back down to familiar territory - the trendline support and has been resting at almost the same lows for each day for the last 6 trading days. The last couple of candles show some tell tale signs especially when combined with RN. We need some further clues to take decisive action so further below is the 240 chart.














The 240 chart provides more data and a squeeze formation. Price is having a breather after a big move down. Should it break through, it can go one of two ways (lol), either back north towards the previous resistance or down south towards pre-established support. Either way the smart money will get ready to take advantage when the markets are ready to provide some action.














Good Trading!
Bijal Shah

Dollar Yen Squeeze

Good day Dynamic Traders,


We have mentioned the "Musketeers" recently and you will notice since the news last week price on the main Dollar currency pairs has been consolidating after the large moves.


Its been a while since we looked at the Dollar Yen. The 240 timeframe chart below is displaying a squeeze formation. After reaching Fib reversal levels price has retraced a nominal amount and is coming into a squeeze. Note the trendline resistance which price has bounced from several times. This is one for the watchlist to see if it breaks through the trendline and heads for the 100 area again.














Good Trading!
Bijal Shah

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Sterling Yen Rally?

Dear Dynamic Traders,

Hope you are having a great trading week so far. The GBPJPY has been on my watchlist and yesterday price broke through an area which price has tested on several occassions in the recent past. Price has moved up over 2400 pips in two months. If this proves not to be a FBO then the next resistance could be around the 148 mark and then the big RN.















Having seen the recent bullish bars on the daily chart above, the 240 chart below shows a possible breather. MACD is showing divergence. As we all know price does not move up in a straight line so this could be the consolidation before the next step up.














Great Trading!
Bijal Shah

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Musketeer Seduction!

Good Evening Dynamic Traders!

Below are the daily charts for the USDCHF and the EURUSD; both pairs have also recently been declared by my fellow blogger Bijal.

Recall the contrary behaviour of these two musketeers, observing the leader's guiding hand!

More importantly - recollect last month's review, heeding our miracle mentor's informed intelligence!
Those who pay attention to his detail will consistently profit with barters!

Even while away from the markets, I am simply unable to resist this seldom, tantalizing "institutional" invitation!


USDCHF daily chart Advanced Get

EURUSD daily chart Advanced Get

Heavenly Trading!

Saba Jackson

EUR Review

Good morning Dynamic Traders,

Hope you all had an awesome weekend. In the UK, it was Mothering Sunday, a great time to catch up with family and appreciate the silent heroes - it can never be done often enough!

Today I would like to review a couple of currency pairs I posted last week to check on progress.

The first one is the EURJPY posted on Tuesday, 16th March. The price at the time of the last post was 129.57, it has continued to climb up and is currently at 131.64. On the chart below I have pointed out 2 hurdles price faces before it can continue on its way up.

MACD last week was showing clear divergence, which although is still apparent, the indicator is somewhat following price action. How would I trade this? I will wait to see what price does by the end of today, if a BOB is produced along with my other confluences of events, I will employ my ESLT filters and place my orders for emotion free trading.















EURUSD
The Euro posted on March 18th was at 130.27 at the time of writing, broke through strong resistance and is now at 136.34. The question posed in most people's minds is "Has the trend changed?" and this was addressed by a post from Javid recently.

The Euro saw some massive moves last week and if the upward movement continues to hold then there are 3 near term things (highlighted on the chart below) that we need to watch out for: resistance at the value index, strong trendline support and the figure.














Good Trading!
Bijal Shah

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Swissy - change in trend?

Dear Dynamic Traders,

The week is nearly over, hope you have had a good trading week. Take time to celebrate your successes.

Today's post consists of the Swissy. This pair has been in consolidation for some time and over the last 2 days it has moved some 754 ish pips. Price sprinted through the value index with not much hesitation and tagged a Fib breather level, but looks unlikely to close below it today. We are now waiting for confirmation of whether the trend has actually changed or if this just a news driven temporary move. If price breaks the support line as drawn on the chart below, there may be an opportunity to observe further weakness.














Good Trading!
Bijal Shah

EUR in the zone

Good evening Dynamic Traders,

Hope you are enjoying a week of beautiful weather and lots of opportunity in the markets. I must say I don't normally trade the news as it is not something that is good for my sanity and more importantly my better half's health :)! I did however benefit inadvertantly as I was already triggered into a position, the market gathered momentum akin to an avalanche and then there was no stopping it - fortunate for those that were in the flow and not so bad for those with stop losses either. Well done to Zaheer for gracefully extracting a sizeable 300 pips!

I have had a phenominal week of growth and breakthrough's this week on many aspects of life and as such would like to say thank you to you the readers of the blogs for your energy and feedback and to Javid and Anne for their humility and contribution that touches so many people's lives. I would also like to commend my fellow bloggers not just on their trading and persistance but their creativity and inspiration.

On to the charts then, there is some decision making for the EURJPY to do. Price is approaching a strong resistance level which is also a major RN. MACD across multiple timeframes is showing divergence. Will price gain continued strength and manage to break through the posed barrier or will the resistance win again? The answer is - no one knows but a good occassion may be presented shortly to get into the game.














The EURGBP is also showing somewhat of a similar decision point. After a period of consolidation, it has journeyed upwards and is now approaching strong resistance. If the uptrend is to be resumed then it will continue through resistance. I will be keeping a keen eye on this one to see if I can get into the game at the appropriate time.

Keep in mind that if there is a large price movement due to news, price can go through a correction phase. Please do your own analysis - that is a fun part!














Good Trading!
Bijal Shah

EUR Breakout

Good evening Dynamic Traders,

Congratulations to the very new "Firewalkers" and those who have just completed UPW. May you unleash the power of your new found potential on your newly defined journey.

The EURUSD daily chart below is displaying signs of opportunity and abundance below. Price is approaching a previous resistance and the figure is in close proximity to this resistance. Though MACD on the daily chart is not showing any signs of reversal at the time of writing this, there are multiple smaller timeframes showing divergence. Given that the larger trend is down the smart money would say likelihood is for price to head south. Either way dynamic traders will be ready with filter tools in hand to utilise the opportunity.














Productive Trading!
Bijal Shah

Cable Contemplation

Good Morning Dynamic Traders!

The Cable conclusively shattered the value index in October last year, for the first time in over five years!

We have been witnessing a fortified downtrend since November 2007, which is not displaying definitive signs of ceasing just yet.

The monthly chart below displays an objective outlook, which may offer some clue of approaching directive.

Notice price seated at a stalwart and historical support, last thumped in mid 2001, but conquered, (with mighty vengeance), twenty four years ago, in 1985!


GBPUSD monthly chart Advanced Get

Below is the daily chart for the same.

Price is currently negotiating a sturdy support, whilst the wedge formation forces an impending squeeze towards this intimidating territory.

The trend remains indisputably earthward supported by the ferocious fundamental and unprecedented weakness in the market!

Advanced Dynamic Traders are subconsciously aware of the truth of probability.

With the many unknown forces operating in the market, anything can happen.

Utilising your tools of the trade and more importantly, your risk management regime, determine your edge, and 'go with the flow'.

Be wary...... volatility may be upon us with US news published later today, followed by Governor King's 'after dinner' speech!

GBP USD daily chart Advanced Get

Special regard and recognition to Clayton Farnworth for his relentless determination and his decisive victory!

Not only did he conquer the climb and reach the summit thereby becoming a full time trader, he had to swim the Channel first and master the use of a computer.

An extraordinary encounter and an inspiration to us all!

Hearty congratulations Clayton!

My notes will be temporarily ceasing from hereon, while I attend to important financial and administrative procedures associated with business closure.

Without a 'traders mindset', it will be challenging to barter bountifully and thereby provide you with prime posts.

The supreme blogs offered by the brilliant Bijal and the chief mentions at the sister sites, will continue to offer you varied opportunities and champion choices.

Successful Trading!

Saba Jackson

EURJPY Squeeze

Greetings Dynamic Traders,

Hope you all had a good start to the trading week. Congratulations to Clayton on embarking on a new chapter by way of an exciting full time trading career and hats off to your persistence.


I had a massive injection of information and energy which is helping me refine my trading even further thanks to "the wise one" and I am excited and looking forward to implementing it, the benefits of which will also be shared with you through this blog.


Today's chart is the EURJPY. The daily is providing us with a squeeze formation with MACD divergence, resistance, RN and trendline support as confluences. What needs to be done next is wait patiently for the market to provide the right information by way of reversal or continuation signs before a trade can be contemplated. If price does break through the resistance, the next area we will be looking at is resistance provided by the value index.














Good Trading!
Bijal Shah

Full time forex trader

Good morning fx traders,

I would like to welcome Clayton Farnworth to the world of full time forex trading. As you may remember from previous posts, Clayton would be leaving his job at the end of March and as of tomorrow he will be trading from the comfort of his own home.

Clayton has spent a lot of time learning to trade and having been on numerous courses he was still finding it difficult to make money from the markets. Clayton asked me to mentor him one on one which I agreed to do and those of you who know Clayton will be aware how well he has been trading for more than a year with the consistency and from tomorrow he will be doing what he has been wanting to do for many many years.

Clayton's job did not entail using a computer so not having knowledge of how Windows work was going to be a real challenge in terms of learning to use trading software. Adamant he would not be deterred from trading due to a lack of knowledge in computers, he attended a course, bought a desktop and practiced for many weeks. I remember the first time Clayton used Advanced Get he was very nervous and painfuly slow. Now I would classify him an expert in the use of a few different trading software packages.

As you will already know, to acheive your goals you need to have determination and a habit of winning by overcoming challenges. Many traders have no goals and give up at the first sign of feeling uncomfortable. Well, you dont get much more uncomfortable than not being able to use a computer which is your first obstacle to learning how to trade. Clayton did it and then as you would expect went on to having losses. Unfortunately due to being ill advised his losses were far greater than the average persons losses and again many traders would have reversed their decision and not pursued a life in trading but that is what makes a dynamic trader stand out from the average trader. Clayton is a dynamic trader and one that deserves recognition by us for his commitment and determination.

Good luck Clayton and good dynamic trading.

You can read my forex update at Dynamic Trader blog.

Read Clayton and John's upates here.

Read Richard and Zaheer's updates here.

Click here to follow Javid Shaik on Twitter.

Click here to follow Anne Chapman on Twitter.


Javid Shaik
Forex Analyst

A Loitering Loonie

Good Morning Dynamic Traders!

The Loonie continues to linger at a righteous resistance for over a week signalling a period of indecision and unrest.

Below is the daily chart for the USD CAD. (x refer BLOG 3 March)

Having fervently tested the figure, price has petered down to a previous horizontal in close proximity to a pertinent trend support.

Should price positively permeate this brace, we may see the start of an earthward trend, following in the footsteps of the stronger siblings.

A prudent observation of this pair may provide a prime swing opportunity next week!

Aggressive traders may wish to note the imminent news items due on this ominous Friday, before assuming a position.


USDCAD daily chart Advanced Get

Akin to the Loonie, I have also been pausing to contemplate my next move.

Dynamic Traders, once you have chosen and planned your personal journey, remember to pause for breathers at sensible stops.

This will allow you to regain strength and view the onward voyage with greater clarity, avoiding the risk of a painful fall.

Following an engagement with our mighty mentors' earlier this week, I recognised it is impossible to conquer a climb unless you break to re-fuel and re-design your onward march, not forgetting to reward yourself at intervals.

A gratifying weekend!

Saba Jackson

How Many Pips?

Good morning forex traders,

We are asked a question which seems to be a recurring. "How many pips should I aim for"? The answer will vary depending primarily on the type of trader you are. There is no right or wrong type of trader but there is a right and a wrong type of strategy. Those who have done our forex course will be aware of this and as dynamic traders should always look to apply the right strategy.

This particular week we have been out everyday. Monday in Silverstone, Tuesday in Windsor and Wednesday in Chelsea and Chiswick and today we are soon off to Covent Garden. My pip count as of 7am this morning is about 750 pips. My time taken to accumulate this was about 2 hours. I did not aim for a particular number of pips especially as I knew this week we would be busy but I cant complain with what I have got so far.

So how many pips should you be aiming for? Again this is dependent on what type of trader you are. I am a swing trader and as such my target is larger than a day trader. You should choose your own target. One that is realistic and once you hit it, lock in the profits and manage the free trade from that point on. What I have found traders try and do is choose a theoretical target which is usually adopted through greed. Be realistic based on the time you have available, your strategies and your experience.

The bottom line is I have spent a great deal of time identifying what works best then refined it and refined it again and today I expect a lot more than I did 5 years ago. If you try to achieve a goal way beyond your ability then you are destined to consistently fail and that will end your trading career abruptly. Aim for realistic targets without the emotion of greed raising it's ugly head. Be truthful and honest and dont try to run before you can walk.

Further your education with our other forex blogs:

www.dynamictraderblog.com
www.fxcps.co.uk
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Good trading.

Javid Shaik
Forex Analyst

Euro & Aussie

Good day Dynamic Traders,

Hope you are having a great trading week. Lots of news items out today so do check before taking on any positions. Apologies for skipping last night's blog, I had issues connecting to the internet.

Today I have 2 pairs drawn from my analysis for discussion on slightly smaller timeframes. The EURUSD is showing fabulous signs of a 123786/886 on the 240 timeframe. Note the confluences; MACD convergence; previous resistance; Fib reversal areas; and of course the old faithful figure which is not far out of reach. The smaller timeframes have identified me with a nice entry position so I all I have to do now is wait patiently for what the market provides and enter the trade mechanically and emotion free.















The next set up is on the Aussie. The 60 minute chart shows a DT in a downtrend. MACD has done its magic and provided us with early warning about what may be about to happen. Again utilise your trendlines and ESLT to enter upon valid confluences as required by your trading plan.

Have a fantastic trading day!

Bijal Shah

A Timely Tip Off

Good Evening Dynamic Traders!

A passing pointer from our personal tutor has placed the GBPJPY under the spyglass.

Below is the daily chart for the same.

This cross has been marching down hill since July 07, back tracking for relief during the last few weeks.

The pretty patterns may have alerted you to a fine DT as well as a favourable flag formation and a
number of choice displays offering a guiding hand.

A suitable support was convincingly shattered yesterday, alerting us to likely enduring weakness,

Dynamic Traders should perform supplementary analysis to profit from a timely entry, vigilantly observing a lesser time frame.


GBPJPY daily chart Advanced Get

Opportune Trading!

Saba Jackson

One for the watchlist

Good evening Dynamic Traders,


Congratulations to those of you that managed to scoop up some nice profits today. The Sterling showed a good amount of weakness and provided lots of opportunity. The GBPCHF mentioned yesterday produced a movement of 440 pips.


I have posted the Cable chart below from the daily timeframe. The set up is not quite ready yet but one to keep on the watchlist if it is not already. Price has broken through the triangle to show a potential continuation down and restest of the previous low. However, it is heading towards a key Fib reversal level and therefore the conservative traders out there may wish to wait until it moves past it before entering the trade.














Good Trading!
Bijal Shah

GBPCHF continuation

Dear Dynamic Traders,

Welcome to the start of another trading week. I trust you all had a super weekend. It never ceases to amaze me how much can be packed into 2 days.

Two GBPCHF charts have been posted below for this evening's discussion. The weekly chart shows clearly that the trend is down and has been for some time. Price has produced a beautiful 2 legged extension. After a big move down it did a breather and has hit resistance around the 1.750 mark which also happens to coincide with Fib levels.















The Daily chart shows some more detail. Once price hit the 1.750 mark it bounced down and went into consolidation mode and eventually broke out (down) of the squeeze. MACD kindly produced some signals beforehand too. With the confluences presented on the chart below, I am now looking for a good entry point utilising the filters shared with us by our great "Joda".














Good Trading!
Bijal Shah

The 'Opportunity Flow'

Good Afternoon Dynamic Traders!

I have prepared an extended review, with forced focus on the recent events of the CADJPY; the subject of the note on 5 March.

Cross referencing is highly recommended.

CADJPY (x ref BLOG 5 March)

Although the definitive trend is downward, the four hour chart displayed an uphill ascent since mid January.

Early signs indicated a probability of price scaling towards two key fib zones before facing a stronghold.

Indeed, there remains a valiant sign of strength should this resistance be convincingly breached.

Below is the 60 minute chart for the same.

Having posted the blog, a look at this lesser time frame, nearing a key reversal time, would have presented you with a clearer picture for a wonderful intraday opening!

A close study of the snap shot below details the abundance of clues, which resulted in price cascading a staggering 275 pips within twenty four hours!

The four hour chart is now promoting a glorious DB especially fitting in the noticeable uptrend.

Perhaps the apprentice Dynamic Trader may wish to (un)cover the significance of this set up for ensuing movement?

Seasoned Dynamic Traders will always view the market objectively, thereby enabling 'conscious' access to their knowledge of market movement.

With this mind set, market openings present themselves with greater clarity without the need for any certainty of market direction.

Keeping the mind open to an exchange of energy allows the market to tell YOU what will happen next.

A converse approach will often result in trading misfortune.

CADJPY 60 minute chart Advanced Get

Dow Jones (x refer BLOG 2 March)

Following last week's note, price plummeted an enormous 600 pips to the fib and mob support zone, where it is presently perched.

Compliments to those who braved this barter and poached this prime profit.

You have a handy head start to the month.

A period of consolidation is likely after this frenzied fall.

USD CHF (x refer BLOG 26 February)

Price was determined to rally into the squeeze until it finally forgave over 230 pips, which the aggressive trader may have pinched!

Below is the daily chart for the same

Entertaining swing scopes are now available including our mentor's DD approach, to which I have allocated this pair.

USDCHF daily chart Advanced Get

Perceive the market objectively; unaffected by what will happen next.

Make yourself "available" to market behaviour as it unfolds: the 'now' moment.

Pre-define and contentedly accept the risk.

Finally.........let it go!

Now watch the 'Opportunity Flow'!

Saba Jackson

Trusting The Edge

Good Morning Dynamic Traders!

A highly probable barter has been the subject of my gaze last evening!

The CADJPY cross has been steadily climbing since February following an earthward retreat for over a year.

Having marked its lowest point for almost nine years, the current elevation is demonstrating convincing strength.

This muscle is demonstrated beautifully by the four hour chart below.

Price is marching up to retest a robust resistance at the figure after producing a picturesque bullish flag formation earlier this week.

Trading advances, however, are rarely unchallenged with two fabulous fib forces, in close proximity, preparing to fight back.

Should we see price triumph at these three hurdles,a highly probable pip pocketing opportunity is around the corner.

Dynamic Traders who have soaked in their studies, will recognise their two legged friend hinting at a likely exodus.

Ensure diligent use of ESLT not forgetting that even the best "edge" has a random outcome.

Recall the residue of tidings due this week!

CADJPY four hour chart Advanced Get

Credible Trading!

Saba Jackson

High Volatility News

Dear Traders,

Hope you have had a successful trading week so far. There has been lots of movement today, some unusual and perhaps determined by speculation or predictions of the impending news. I have done my analysis as per usual but am not seeing any convincing set-ups at this point and given that there is high volatility news out tomorrow and Friday (NFP) I am choosing to stay out of the markets for now. If I see anything worth sharing with you and get the opportunity I will post a blog.

Until my next post - Safe Trading!

Bijal Shah

Euro at Support?

Good evening forex traders,

I tried to update on Anne's forex blog but was having technical difficulties so instead of analyzig the problem this evening, I thought I would show you my analysis on Euro.

Below is the daily EURUSD chart from Advanced Get.




You will notice we have been in a downtrend for a while but now approaching a key support level. The question now should be is the bounce produced on the Euro today sustainable or is it simply a pullback before the next wave down?

Listening to some analysts on the radio while driving the Aston Martin Vantage (added below for the car fans) through the streets of London you would think that Europe is not even in a recession. The fact is this, I dont know what is going to happen and those that predict we are out of a recession and the Euro and Pound will be getting stronger are second guessing. Yes we are a an important support level and yes we have had a bounce today but was that the dumb money or the smart money? Is that a change of trend or just a blip against the bigger trend?

When looking at charts you need to identify what is driving it in a certain direction. Right now the Euro and Pound have been heading down and we can identify that has been the case after hitting a key resistance area during the second half of 2008. Don't be the first to rush in and assume a position, let the market deal it's hand then use the tools we have shared with you to reap the rewards.

We hope you are all enjoying the dynamic traders blogs and enhancing your learning from their teaching.



On a seperate note, the Aston Martin has a wonderful rumbling sound once over 4000 revs from second gear onwards but a little dull to drive. Delayed reactions from the steering to the wheels make for a lethargic experience. I much prefer my AMG which is almost 20k less for a much more superior all round experience. Over and above that has to be the Porsche 911 turbo.


Good trading.

Javid Shaik
Forex Analyst

Yen Century?

Good Day Dynamic Traders,

Gold has today reached the next breather level as noted last night. One to keep a keen eye on for entry with the resuming trend.

Below is the daily and 4 hour chart for the USDJPY. Having done an almost straight run up since the 11th of Feb, price has been stalling for the last few days around the same level. The value index resistance was overcome and price now faces challenges by way of key Fib levels and the big 100 number. The big brother charts are showing strength in the uptrend though its worth going down to the 240 timeframe to see what is in store for the shorter term.














The 240 chart shows that price needs to get through the 123886 hurdle before it can proceed upwards. Therefore a retracement may be witnessed before ESLT can be applied to a BOB for a long entry.














Good Trading!
Bijal Shah

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

The Loonie Resolve

Good Morning Dynamic Traders!

The Loonie has been lamentably lost in my watch list since the New Year while it cheerfully provided a passing oscillating display.

As a trend prophet, it is impossible to pass over recent action which may promise an emerging break out in the making.

Below is the monthly chart for the USD CAD.

Price had been delighting in a downward trend for almost five years before retracing in December 2007 with the present up hill mount.

The last five months have exhibited a fervent negotiation of the value index, which price has prominently closed beyond last week.

However, the strength of this recent break through may indeed be short lived.

Note the cluster of resistances in close proximity with the zero, elipse and the golden mean hovering overhead.


USDCAD monthly chart Advanced Get

A glance at a lesser time frame will clarify trading opportunities.

The daily chart (below) confirms the bullish break of the stalwart support, which may have been assisted with the Canadian news release yesterday.

But our famous fib is fighting for recognition, challenging a bold 123 886.

Beady eyes should be kept on this pair to witness the triumph of a break out towards the figure and beyond, or a winning fib keen to gain favour and drive price into the doldrums again.

Recall your BOB filters with caution whilst heeding the cluster of news items due today!



USDCAD daily chart Advanced Get

Trendy Trading!

Saba Jackson

Gold update & NZDUSD BOB

Hello Dynamic Traders,

Hope you all had a good start to the week! The excitement continues thanks to Javid and Anne's contribution and ever expanding network. A very warm welcome to Zaheer on the fxcps.eu site, I am sure your contribution will go a long way to assisting the readers and your own personal trading.

I have chosen to do a brief update on Gold today as a follow up from last week and also discuss the set up on the NZDUSD.

Below is the Daily Gold chart. Having reached the big psychological 1000 number price retraced and headed south. When I analysed the chart last week, my thought was that price would reach the Fib breather level which also coincides with strong support and perhaps resume the trend up providing an opportunity to enter. It has gone south, however, a good entry point to go long is not yet apparent because possible signs of further weakness are visible and the fact that price is looking to close below the breather level. My conclusion for the moment is to wait and watch this space until the market advises what its going to do next.














The next chart is the NZDUSD. Similar to many other charts this pair has been coming into a squeeze. Today's bar as shown below has closed below the support line and provided us with a potential opportunity to enter in line with the trend. To ensure this is not a FBO please ensure use of the appropriate filters.














Good Trading!
Bijal Shah

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

Newest Dynamic Trader

Good afternoon traders,

I would like to introduce our newest member to the Dynamic Trader Forex team. His name is Zaheer and he will be updating on FXCPS.eu as of today. I hope you enjoy Zaheer's updates along with all the other Dynamic Trader bloggers.

Zaheer has been learning forex for nearly a year and is learning to trade in partnership with his cousin Imran. In the last year both of them have come a long way and I would like to congratulate them both on their desire and determinantion to become forex traders.

As most of you will already know, to become good at anything takes dedication, time and lots of effort. Being passionate at what you ware wanting to achieve helps tremendously and Zaheer certainly displays the passion.

All of us here at Dynamic Trader hope you contiue to enjoy and benefit from the daily forex updates and now even more so with Zaheer contribution.

You can view the forex blogs from the links below:

www.fxcps.com/blog
www.fxcps.co.uk/blog
www.fxcps.eu

A Sign Of The Times

Good Morning Dynamic Traders!

The Dow Jones has attained a momentous break through!

Below is the monthly chart for this index.

Price burst through the value index in January, hurtling down through a steadfast support in endorsement last month.

Submerging below this average for the very first time, confirms the technical weakness of the economy; a sign of the times!

Sub chart indicators all commit to this vulnerability, with Fib studies evidencing a possible price platform.

Indeed, a special sub chart signal also confirms that brakes may be applied in the near future.


Dow Jones monthly chart Advanced Get

A closer look at the daily chart (below) evidences entry into a new price zone.

This region was last upheld in 1997, another tumultuous recessive period.

Mark the mob, wave and fib triple cluster, close by the figure, declaring a possible support beacon.

This brace is a cool 400 pips away, signalling a prime opportunity for a savvy Trader!

Utilising your tool box over smaller time frames, may furnish you with a prime opportunity to pocket these pips and enjoy a fabulous start to Spring!


Dow Jones daily chart Advanced Get

Timely Trading!

EURNZD 123786

Dear Dynamic Traders,

Hope you all had a wonderful weekend. I would like to congratulate Saba on reaching a momentous milestone in her trading career. Passion and perseverance with the right guidance from the "guru" enabling the birth of yet another consistent, successful trader.


Today's post is one of the EURNZD. The weekly chart shows a strong trend up, price has been creating new highs and has got close to the 2.600 mark. I would like to draw your attention to the MACD which is currently showng divergence. In fact, on closer inspection you will note that MACD has not been following price across many timeframes.














The daily chart reveals a lot more relating to a potential 123786/886 set up. MACD is diverging and price is at a key Fib reversal level. In addition, price is in close proximity to the figure. If the rules of the set up old true, await the BOB and take the opportunity.














Fortunate Trading!
Bijal Shah

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

An Extraordinary Odyssey

Good Afternoon Dynamic Traders!

Last week I arrived at a major milestone in my trading career....... one that has left me completely paralysed with incredulity.

I have finally attained the first leg of an objective; a purpose I had been longing to master since the inauguration of my trading career in July 2007, the two day mentoring session with Javid.

Those of you who have perused our mentors' recent blog page will recognise the detail of this realisation, which Javid and Anne have so graciously bestowed upon us.

Consequently, a large part of this weekend has been consumed in deep deliberation, disbelief and immense gratitude as well as setting fresh benchmarks for future aspirations.

With our mentors' blessing, it gives me great pleasure to share this extraordinary vision with you...... to inspire, motivate and fill you with the determination and desire to accomplish and surpass the same!

Diary permitting, I will participate with you, each weekend, a small and significant piece of my personal journey towards this modest performance.
The trading blogs will continue during the week encompassing trading reviews when appropriate.

Kindly note, this Odyssey reflects only my own personal views and ideas which I believe contributed to this achievement and the birth of a choice career.

The Choice
In July 2007, I chose to pursue a career in currency trading.
This would be the vehicle by which I would attain my individual goals and ambitions.

To command the use of this vehicle, I understood that the only choice available was to master the 'Art of Trading'.

To become a successful trader, one must first choose to do so. Do not under estimate the power of 'choice'.

For any 'choice' to enjoy a significant meaning, it should be so concretely set in your subconscious mind, that nothing will deter you from this realisation.

This decision alone, will become the driving force behind the wheel, forcing you to turn each corner and embrace every challenge that lies before you.

Dynamic Traders - have you made the 'conscious choice' to become a successful trader?

Saba Jackson