Aussie Appreciation

Good Morning Dynamic Traders!

The AUDUSD pair has presented the market with a spectacular firework display during the last forty-eight hours.

Further to the note of 28 April, price refused to close below the horizontal, instead charging forth on a raving 300 pip rally, compounded by heavy news releases!

Fortunately, a short trigger would not have been executed for those dynamic traders heeding the filter and ESLT warning.

The weekly chart below displays the DT formation; a significant pattern in the clear downtrend.

The cluster at a breather and stalwart resistance should alert traders to careful scrutiny.

Note the approaching value index, which may come forth into play with this pair.


AUDUSD weekly chart Advanced Get

Below is the daily chart for the same.

Witness the current breach of the value index and righteous resistance, a target that has been boldly resisted many a time before!

Those who wish to barter this pair will observe the day's play vigilantly, guarding a possible break out on the horizon or indeed a retreat, which will be evidenced by dynamic signals.


AUDUSD daily chart Advanced Get

This pair has produced a perfect example of the power of market movement.

It has also proven the huge importance of risk management.

A focus on 'minimising losses' and 'holding on to capital' is immensely greater than centering on a 'compounding' mentality.

Paradoxically, the former focus will promise magnified profits.

Thoughtful Trading!

Saba Jackson

Loonie

Good Evening Dynamic Traders,

Hope you are all having an excellent fun filled week. Below are two charts for the Loonie.

The daily timeframe shows price's arrival at a familiar support level. Should it break through this level, the VI is likely to be the next level of support.














However, before any possible movement downwards a pullback may be witnessed. The reason for this is visible below on the 240 chart. There is a possible double bottom formation, coupled with a RN. In addition MACD is converging on the 240 and the 60 minute timeframes. All of these things suggest that a retracement may be in order at least for the short term.














Fruitful Trading!
Bijal Shah

An Aussie Motion

Good Morning Dynamic Traders!

After consultation with our mentor, I have chosen to continue with the much traded original basket of eight currency pairs.

Focus upon fewer numbers may result in the relinquishing of prime opportunities as they present themsleves.

This being said, the apprentice amongst you may wish to focus on a lesser number, so that familiarity with rules, analyses and strategies is not distorted by an array of information.

An opening noted this morning, is that of the AUD USD.

The weekly chart confirms the blanket downtrend, which knocked a prime breather level earlier this month.
Twinned with the indisputable 'bearish flag' chart pattern, we have a forceful indication of future direction.

Below is the daily chart for the same.

Price noted the obstruction at the value index.

Following an admirable struggle and further retaliation, price finally conceded by retreating through the trend support and lining itself at the horizontal.

Note the cluster of events on display.

A definitive break of the present support, may provide further confirmation of a weakening nature.

An ESLT of a mechanical kind will bode well for an entry opportunity.

For the discerning amongst you, an alternative, routine entry is presenting itself nicely.

Heed the further obstacles that may resist price including news items that may indirectly impact this pair.

AUDUSD daily chart Advanced Get

Astute Trading!

Saba Jackson

Late Night Review

Good Evening Dynamic Traders!

Following a tumultuous and news riddled debut week, price action has proven the predictability of an uncertain outcome, a conviction that all Dynamic Traders will possess.

A review of last week's play, may offer a higher probability outcome over a succeeding series of hands

EUR USD (x refer blog 20 April)

Below is the daily chart for this pair.

No sooner had the note been published, price bounced off the figure with a vigour that sent it flying upwards to conclusively rest ( by close of the week's play) at a trend resistance clustered with a prominent breather.

Strategic trend tailored positions that may have been poised, will not have been triggered with this forceful contra- trend display.

A lesser time frame now crudely displays its' reversal candles at another momentous fib area signalling a plausible end of this spectacle.

A fresh opportunity to sell a rally may now be presenting itself.

Savvy traders will perform their due diligence and define a satisfactory edge, before employing a course of action.

EURUSD daily chart Advanced Get


USDJPY (x refer blog 21 April)

This trendy pair chose to trespass the trend and mighty value index support, beautifully proffering a humble 100 pip bounty to those who had planned their barter in advance.

The daily chart below seems poised to continue this earthward assault, supported by a number of favoured indicators. The market will undoubtedly lead the way!

Those availing this opportunity as it flows, may wish to determine a suitable exit cluster using our mentors' dynamic on-chart tools.

USDJPY daily chart Advanced Get

USDCHF (x refer blog 23 April)

Discerning Traders aware of the relationship of this pair and the two remaining Musketeers, may have predicted price direction after observation of the sister couples.

Groomed trending strategies will not have been triggered following the immediate slump in price.

However, advanced traders' with the ability to view the market objectively and without distortion, may have exercised this contra-trend stance, entering the opportunity flow without hesitation, to the tune of 300 pips!

Price is now seated at noteworthy fib levels across multiple time frames, contemplating the next move.

Dynamic Traders - Consistency is a state of mind produced from a winning attitude; an approach that offers you huge mental flexibility to flow in and out of trades from the markets' own perspective and without any certain knowledge of what will happen next.

Unique Trading!

Saba Jackson

Cable deliberation

Dear Dynamic Traders,

Hope you had an outstanding weekend.

Today's post consists of Cable analysis. Price has been up to test the 1.500 number, has found resistance and has retreated back downwards again. Looking at the lower timeframes a squeeze is apparent. Price has retraced to a Fib breather level but has been unable to breach it. Taking lead from the higher timeframe trends would enable consideration of a potential bearish flag should price break through the trendline.














My next post will be on Wednesday evening.

Great Trading!
Bijal Shah

AUD Squeeze

Dear Dynamic Traders,

Apologies for the absence of a blog post yesterday.

Today's post features the AUDUSD. Price is looking to break out of a squeeze and through a strong support turned resistance. In addition, not far from the support turned resistance is a Fib breather level. If the breather level holds then we may be looking at a bearish flag. MACD on the daily and the 240 is appearing to be following price action.

ESLT needs to be employed for a safe entry. However, one thing to be mindful of is divergence on lower timeframes (which would confirm the bearish flag).














Please note there are numerous news items due out tomorrow.

I wish you all Good Trading and an awesome weekend!
Bijal Shah

Swissy Serenity

Good Morning Dynamic Traders!

Our third Musketeer had been climbing comfortably since March last year before experiencing the land slide in December.

The up hill ascent resumed in the New Year, confirming the relationship with its two companions.

Below is the daily chart for the USDCHF.

Price in relation to the value index and indeed another distinct median, clarifies a bullish stance.

The tip toe downward since the beginning of this week should alert all Dynamic Traders to the ensuing movement on the horizon.

At least two special strategies (savoured by all Dynamic members) are being groomed on my watch list.

Choose your position, calculate your risk and exploit the opportunity, remembering always to be certain of an uncertain outcome.

Heed the news items due this afternoon!

USDCHF daily chart Advanced Get

Above average Trading!

Saba Jackson

EURJPY

Good Day Dynamic Traders,

Last Thursday's post featured the EURJPY bearish flag which worked out nicely and produced a comfortable 300+ pips.

Since then price has found support close to the 126 area which is also previous support. On the daily timeframe your analysis will show that price is between 2 Fib breather levels. This is not an ideal position as it does not assist identification of possible movement of future price action with ease. Therefore we have to look for other clues.

The 240 timeframe shows price at a previous support which could turn out to be a double bottom and a bounce up. MACD convergence has been present for some time now adding to the confluences. However, this is not yet sufficient to meet the criteria of my trading plan therefore I will wait for further confirmation until which point this will remain on the watchlist.















Good Trading!
Bijal Shah

The Yen Proposition

Good Morning Dynamic Traders!

The Yen's 2009 ascent is once again under scrutiny.

The daily chart below intimates movement on the horizon whilst price contemplates direction.

Note the congregation of various events providing a picture postcard display!

Yesterdays note advised you of the fresh stance being employed for the near future.

With this in mind, my trading platform is already perceiving 'play' with this pair, patiently awaiting the prompt.

A pleasant queue is also presenting itself on a lesser time frame, perhaps confirming direction.

Only price and time will tell!

USDJPY daily chart Advanced Get

Smart Trading!

Saba Jackson

Kiwi Bounce?

Good day Dynamic Traders,

It was about a week ago when I mentioned the Kiwi on the blog and price was around the 58.22 mark with a bearish engulfing candle. It has since retraced down to 54.91 (low) and is between 2 Fib breather levels. The 240 timeframe shows convergence and the shorter timeframes show a bounce up. What we need to determine is whether this is a premature bounce up or will price hit the next breather level before it resumes it's uptrend. Wait for your confluences of events and endeavour to employ some mechanical method of determining your justification for entry. This is just an early tip for the watchlist!















Good Trading!
Bijal Shah

Re-entering The Trading Table

Good Morning Dynamic Traders!

It is a huge pleasure to return to the trading platform amongst our very special trading community and indeed my fellow contributors!

The last month has not only granted space to attend to important business matters, but has also sanctioned valuable time with family during the Easter break.

Following a period of total trading immersion, the last few weeks have also given rise to significant reflection surrounding the trading arena; thoughts that I am keen to share with you.

During the coming weeks, I have chosen to focus on no more than four major currency pairs, utilising particular 'set strategies' we have been taught.

This approach will permit a greater understanding of the character of each pair, whilst ensuring that choice strategy set ups are consistently utilised at each opportunity, allowing for results to be measured with accuracy.

Most importantly, this trading rule also builds a disciplined approach to time management, deterring the drugged trader from forming the 'square eye syndrome', a phenomenon I am only too familiar with.

Today I will be discussing the most traded pair, the Euro.

The weekly chart reveals that price had been enjoying a long term downtrend since July last year before changing tune.

Having recently broken below the mighty value index, a more permanent downtrend may now be in play.

Below is the daily chart for the EUR USD

Price is seated at a significant spot.

It has very recently broken through another poignant medium, now hovering at the zero cluster with a support.

A number of designed strategies from our mentors' may now be employed; indeed at least one of these may have already be engaged last week by canny Dynamic Traders!

Given my return to the trading table this morning, I have marked a conservative watch for a line- up, together with an aggressive stance on a lesser time frame, awaiting a favoured breather.

Consult your own material for confirmation of a favourable 'text book' pip collecting exercise.

EURUSD daily chart Advanced Get

Fun Trading!

Saba Jackson

EURJPY Flag?

Good Evening Dynamic Traders,

Hope you are all having a great trading week so far. It is fantastic to have a long weekend but it makes the trading week somewhat shorter and sad to say its nearly over!

A fairly shorter timeframe chart on the blog tonight - 120 minutes of the EURJPY. The trend on the daily has been up recently and after a quick kiss with the value index, price has started to retrace south. Price has honoured a couple of Fib breather levels and is now in somewhat of a congestion zone. Should it break below the support line there will be some nice pips to be made. Use of your Fib tools should help you gauge entry and exits.















Good Trading!
Bijal Shah

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Kiwi Opportunity

Good evening Forex Traders,

The Kiwi chart below is showing some interesting signs. The daily is portraying a bearish engulfing / tram track formation. In addition MACD is showing divergence - indications leading us towards believing that there may be a reversal/breather albeit temporary.














Upon examination of the slightly smaller timeframe you can see a potential 123786. The RN is close by as is trendline support. If not already in the trade, a couple of conservative entry approaches are still available depending on your risk acceptability and confluence criteria.














Good Trading!
Bijal Shah

Loonie Revisited

Good Afternoon Dynamic Traders,

Hope you all had an outstanding weekend.

There has been some notable movement in the market in the latter half of today.

Below is the Loonie chart of the daily and 240 timeframes. The consolidation has been continuing for some time now and a breakout has been long awaited. Note that the longer the consolidation period the larger the breakout.

Price on the Loonie chart below has arrived at the familiar trendline support again which, it has to date found it difficult to break below. As with everything in the markets it's not guaranteed but it is possible that it is going to try to test this support and possibly break through. MACD is showing convergence and price is in close proximity to the figure.














In addition to the above, the 240 timeframe shows additional detail such as trendline resistance, support around 1.2200 and MACD convergence. It is possible that price could do what it has been doing for a while - bounce back up. However, price has been creating lower highs and therefore it will find a place on the watchlist in case of a break down.















Good Trading!
Bijal Shah

Euro Dollar Squeeze

Good day Dynamic Traders,

The Euro Dollar is doing some consolidating or smaller moves before it decides it wants to break into a trend. The price has arrived at the support level mentioned on the last post of this pair. Price has touched this area several times in the past therefore making it a strong support/resistance area. Coupled with this we have an indecision candle for today at the time of writing this post and also proximity to the figure. Time to get prepared to act based on the direction that will be provided by the market.

Tomorrow is a day filled with news items so trade with caution. Good Friday and Easter Monday may mean that the markets are relatively quiet, if this is the case my next post will be Monday. Have a fantastic long weekend.














Good Trading!
Bijal Shah

Pound Yen

Good morning Dynamic Traders,

A shorter timeframe chart this morning of the 60 minute GBPJPY below. We are looking for price to break one way or the other. Good support is presented at the RN. There is a possible double bottom in an uptrend however as the candle has not finished, this is not yet confirmed. Price will face the VI as support should it breakdown. Please do your own analysis and employ ESLT as appropriate.














Good Trading!
Bijal Shah

Swissy - 2 Legged Extension?

Good evening Dynamic Traders,

The Loonie provided some nice profits on the bounce up (moved up approximately in excess of 200 pips). Starring on the blog tonight is the Swissy.

The Swissy is showing a possible 2 legged extension. Price has retraced to a Fib breather level and is now getting itself ready to face the VI which is currently acting as support. Its on the watch list for a shorting opportunity should it break through the highlighted support level.














Good Trading!
Bijal Shah

Sunday Review & Analysis

Greetings Forex Traders,

Hope you are having an outstanding weekend. My weekend has been one of taking check of where I am and whether I am on track to get to my goals.

The review below is of currencies I have posted previously. These include the AUDJPY, Loonie and GBPCHF.

AUDJPY
At the point of my last post on this currency pair the price was at 68.82 and facing a strong resistance level. It managed to break thorough on the 4th attempt (240 chart) and went up to 72.32 (350 pips). Will price continue to rally?

The chart below shows that price has broken through the resistance line with a large bullish bar but is now the in company of the VI and a RN. Coupled with these items, there are two other confluences, MACD divergence and a candle in the form of a hanging man. You will see that MACD divergence has also formed on the 4 hour chart below. Bearing all this in mind it is possible for the price to have a breather or reverse in the short term before a continuation or rally.



























Loonie
The Loonie on the last post was showing signs of a double top. It in fact continued north closer to a more significant pivot area and then retreated some 500 pips.

Price is now heading towards a support zone, is displaying a reversal candle and is close to a RN. All these signs suggest that if already in the trade, tighten your stops to protect your profit, if not in the trade, keep it on the watchlist for a possible reversal. It is the fourth time that price will now be testing the trendline support (visible on a daily chart) as it gets closer to the RN. Note although we do not necessarily have HHs, we do have LLs each time price does a bounce off the trendline support.














GBPCHF
The daily chart for the GBPCHF shows a nice clear triangle breakout with not too many hurdles before the next resistance level. Is it as good as it looks? A look at a lower timeframe is required I think...














The 240 timeframe shows price at a previous resistance level and a potential double top formation. In addition MACD is diverging and note the proximity to a RN, these may be additional confluences to confirm a reversal albeit temporary. I will wait to see is price breaks through the resistance and apply my ESLT filter to go long or wait for the breather to complete and start following the shorter term trend (to confirm this you may consider looking at the HH and LLs).














Good Trading!
Bijal Shah

Non Farm Payroll Friday

Good morning Ladies & Gentlemen,

It was a great day in the markets based on the movement on the AUDUSD and the AUDJPY for me. As it is high news day today, I am choosing to stay out of the market and therefore will not be putting up any new set ups today. I will however, do a review over the weekend of some of the analysis posted this week.

Safe Trading!
Bijal Shah

AUS breakouts

Good evening forex traders,

The AUDJPY chart is displaying some potential opportunities. Below is the 120 chart showing a triangle formation. Price has tagged the trendline almost 3 times with a potential 4th on the horizon. Price is very close to a RN and also and the last candle we see is a doji.

So what does this all mean?
If price is to continue its recent uptrend, it needs to break through the trendline and the resistance highlighted on the chart below. MACD is showing divergence on numerous timeframes. What this may indicate is that price may retreat and test previous support before actually re-testing the trendline. Patience is key here, await the correct signals before entering. It's better to enter a little later and safely accumulate pips rather than second guess (which btw is very easily done and we have all been there) and be stuck with a trade in the wrong direction due to haste or fear of missing out.














Tonight's second chart is the AUDUSD. Price has broken through the trendline resistance, got to within 2 pips of 70 and then stalled. Again MACD divergence is present in more than one timeframe indicating a possible reversal. Employ the ESLT filters to ensure that you do not get caught out by a FBO should price decide to continue upwards.














Good Trading!
Bijal Shah

Loonie DT?

Good evening Dynamic Traders,

Hope you are having a good trading week so far. Lots of news items due out tomorrow and of course the big "NFP Friday" due in a couple of days.

A shorter timeframe (240) Loonie is on the agenda this evening. Last week when the Loonie featured on the blog it was around the 1.23 area, it broke out of the squeeze and has now made it to the 1.26 level with relative ease. It has reached a Fib breather level and tested it twice giving us a potential DT. To add to the confluences we have the proximity to the RN and also MACD divergence. The lower timeframes will provide a good entry point if your analysis provides the right confluences of events to enter the trade.














Good Trading!
Bijal Shah