A Worthy Review

Good Afternoon Dynamic Traders!

Scrutinising the trading journal is an essential part of a consistent traders routine.

I shall commence with the CADJPY (x refer blog10 May)

Price is indisputably proving its up hill stride since the start of the year.

Following the triumph of the value index, the 'U' turn, confirming traders' dread, reared its predictive head, cascading perfectly to its breathing point, before resuming the trend to mark the expected figure.

Below is the weekly chart for this cross.

The supply of resistances on show may permit some remaining strength, although the long term trend line may be promising continued weakness in the making.

Your personal trading style will permit an entry on a chosen course, even savouring a barter, both long and short (at the appropriate times), more so for savvy Dynamic traders who act promptly and with complete confidence in the nature of market movement.


CADJPY weekly chart Advanced Get

EUR USD (x refer blog 18 May)

Breaking technical insight, this pair proved its potency by striding forth to the tune of 600 pips.

A healthy slice of these will have been handed to the trader who employed a break out barter!

This undeniable trend strength may now be instrumentally measured with discerning traders, (eager to jump in) awaiting an opportune 'dip' purchase.

USD CAD (x refer blog 14 May)

This trendy pair is playing beautifully into the hands of the Dynamic Trader!

Following the previous note, price found its favoured breather break and has plummeted profusely!

Those 'swinging' along with this rally sale, will now be 850 pips in profit!

The daily chart below signals a sturdy support in close proximity after the breach of the long term brace.

Market behaviour may predict a retracement close by, perhaps even scrambling back to the trend for safety.

Utilise your toolkit gadgets to determine the likely ensuing movement, remembering the nature of the friendly trend.

Alternatively, pluck a favoured strategy from your basket and go with the flow.


USDCAD daily chart Advanced Get


GBP JPY (x refer blog 20 May)

This is a perfect example of patience promoting very desirable pickings!

Following the last note, price entered the resistance belt confirming the true trend, and perfectly pierced our chosen target with a spin top display by close of business.

Those who employed a break out play, will have reaped a healthy 250 pip profit.

The short term trend is clearly northward, but mark the fortified resistance in the value index, which may force price vulnerability in the near future.

A watch list entry with both eyes peeled for a certain profit warning!

Dynamic Traders..... by dissolving a "big trade" mentality and breeding "slow and steady" play, plucking tiny pips here and there, will not only result in a steadily rising equity curve, but will breathe confidence and trust into your minds; one of the few essential ingredients towards...

Successful Trading.

Saba Jackson

GBPCHF tests again

Good Morning Dynamic Traders,

Below is the daily and 4 hour chart for the GBPCHF pair. Price has tested the most recent resistance level (which is also a Fib breather, and a RN) several times. It produced signs of a breakthrough via a bullish candle on Wednesday the 27th May, however, that appears to be a FBO. The application of ESLT would have ensured that the smart money did not get triggered. We now see signs of a reversal candle in the form of tram tracks and price heading southwards.














The four hour chart shows further breakdown of the downward movement with price facing support level challenges. What is appearing before us does not confirm that the direction has necessarily changed and it could well be a breather before price tries to test the resistance level again. What we would now look for is further signs to confirm if the trend has changed so you can enter short (LH's, LL's) or wait for price to resume the rally.















Best wishes for an awesome weekend.

Good Trading!
Bijal Shah

Break Out's on the EURCAD & EURJPY

Good Evening Ladies & Gentlemen,

Below are the daily charts for the EURCAD and the EURJPY both presenting potential set-up opportunities.

The EURCAD having just broken through the trendline, is approaching a support level together with a RN. Price has been in a down trend since the beginning of this year. We may see a break down and continuation or price may find support difficult to penetrate and bounce back up. Either way ESLT would be highly appropriate here.














The EURJPY daily chart below demonstrates price arriving into a squeeze formation. The longer term trend is down with price move upwards since the beginning of 2009. This could be viewed as a big move up, pause (at a Fib breather level) and a potential equal move up. Alternatively if price decides to resume the longer term downtrend then we will see a break down at some stage.















Good Trading!
Bijal Shah

Tempting The Yen Trend

Good Evening Dynamic Traders!

Three major time frames exhibit a certain down trend in play with the USD JPY pair.

Yet, the very same structures are acknowledging a support restraint, eager to display muscle; challenging the building brawn towards further frailty.

The weekly chart below illustrates this clearly with the formation of a triple cluster at a trend line, figure and fib breather support.

USDJPY weekly chart Advanced Get

Below is the daily chart for the same.

Note price neatly placed at the sharpened trend resistance, whilst the supports in sight temptingly seduce action in the favoured direction.

Heed the on and off chart indicators supporting price vulnerability in the making.

USDJPY Daily chart Advanced Get

Discerning Dynamic Traders will patiently perceive an entry signal, preferably selecting a tried and tested strategy.

This will ensure profits can be pipped comfortably, in harmony with the personal trading plan.

Consistent Traders are only born through steady 'strategy' play, never deviating from the rule book and through regular review of their results.

Consistent Traders always think in probabilities, trading each and every "edge" they see (as determined by their decree), and without the slightest hesitation.

Consistent Traders always pre-define their risk; they accept the chance and let go of the trade.

Consistent Traders know how and when to take profits when the market makes them available.

Determined Trading!

Saba Jackson

AUDNZD

Good Day Dynamic Traders,

Hope you all had an awesome weekend. From the blog posts last week, the NZDUSD broke up through the resistance zone and the Loonie has continued down. The GBPCHF has made a fairly minimal move representing indecision. I will do a more detailed review in the coming days once we have had some further movement on last weeks blog posts.

The AUDNZD weekly chart below shows a triple top formation with price retesting the high in late April. The 1.300 figure has held and price has subsequently descended approximately 400 pips.














Casting an eye on the daily time frame a further potential chart pattern in the form of a head and shoulders is on display. Price is currently at the neckline. Should it prove that the sellers in the market have outweighed the buyers then we will see the head and shoulders complete.














Good Trading!
Bijal Shah

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

Follow Javid on Twitter
Follow Anne on Twitter

NZDUSD

Dear Dynamic Traders,

The NZDUSD chart below shows price at a decision point. The recent stance is faced with potential resistance levels along the way. The trend has been bullish recently and therefore the continuation thought process would not be incorrect. However, MACD is diverging on numerous time frames and a pullback should not be a surprise to the smart money trader either.















Good Trading!
Bijal Shah

Loonie breakout

Good Evening Ladies & Gentleman,

After a long period of oscillation, the Loonie has travelled south and broken through a strong support level and is looking likely to close today's bar beyond it. For many people this looks like a good confirmation of the downward trend continuation - which it very well could be! However, the smart money will take a closer look and realise that it is not quite yet time to jump in with both feet but to be patient. The four hour chart below reveals why.














As our great mentor re-iterates, after every big move there is a pause. The below chart is showing signs of a reversal candle pattern in the form of tram tracks. Should this hold true then price will indeed be delayed if there is going to be a continuation down. Employ ESLT or other filters in your arsenal to win over the probabilities in your favour.














Good Trading!
Bijal Shah

Clocking the Cross

Good Afternoon Dynamic Traders!

Tugging the GBPJPY off the watch list today has been a worthwhile exercise.

Below is the daily chart for this cross (x refer blog 12 May)

Following the previous note, price obligingly cascaded a colossal 400 pips before regaining trend strength!

Note the assorted chart patterns on display, arguably fighting for attention.

Given the short term trend is upwards and our mentors' attitude towards the trend, Dynamic Traders will pay careful attention to the cluster at the value index; a likely target should this drift triumph beyond the resistance belt.

Note the successive, well positioned target on the horizon!

The alternative position, should this rally founder, is a retreat to the trend support, reinforcing movement towards the tip of the triangle prior to the final flash!

Discerning use of ESLT and filters is advised.



GBPJPY daily chart Advanced Get

Forward Trading!

GBPCHF Triple Top?

Good Evening Dynamic Traders,

Last week I mentioned the GBPCHF was in a squeeze formation. Since then the price has not broken out but is showing a potential triple top and is at a trend line resistance. These strong signals are coupled with divergence on multiple time frames indicating that a possible reversal may be in the making.

ESLT may be employed for either a continuation should the price decide to break through or produce a reversal.


























Good Trading!
Bijal Shah

The United Euro

Good Afternoon Dynamic Traders!

Todays focus is on the favoured EUR USD pair.

Below is the weekly chart for this pair.

The major trend is clearly earthward.

The interesting event on view is the assembly of on-chart indicators, currently deliberating direction.

Take a careful note of the confluence of events on display.

EURUSD weekly chart Advanced Get

The daily chart (below) may offer a guiding hand.

Heed the value index behaving in unison with its bigger brother!

Last weeks 123,886 formation, together with the explicit DT pattern (fortified by the down trend)
may promote strength towards further vulnerability.

Indeed, the horizontal support on display, may offer a conservative entry opportunity with diligent use of ESLT.

Astute Dynamic Traders will define these tips objectively, from the markets' perspective, comprehending that these probabilities simply define an 'edge'......... comfortable in the knowledge that only an uncertain outcome will prevail.

Beware of news items tomorrow morning that may directly affect this pair!

EURUSD daily chart Advanced Get

Rigid Trading!

Weekend Wishes

Dear Dynamic Traders,

I was unable to update last night but would like to wish you a fabulous weekend after an educational trading week. My next update will be on Wednesday.

Good Trading!
Bijal Shah

A Canadian Consultation

Good Evening Dynamic Traders!

Following a discussion with my fellow blogger, a focus on the Loonie is lining the mind!

The weekly chart offers a long term up trend, recently challenged by the descent since March this year.

Price is presently seated at the value index and figure cluster, resulting in this weeks current rally.

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

A definitive downtrend is in play, supported by XTL strength.

Having recently breached the value index, an expected retracement is now in action.

Dynamic Traders may now be mulling over this map, contemplating the prime price at which to sell this rally.

A number of reference points are indicated, all of which are suitably significant.

A simple truth prevails:- it is virtually impossible to know in advance which of these will trigger the reversal, if at all!

More importantly........... it matters even less so!

Choose one that tickles your fancy and defines your perfect "edge"; use it repeatedly each time this scene is witnessed, and only then will real results and benefits be manifested.

This is the essential ingredient to true "consistency" in trading.

USDCAD daily chart Advanced Get


Steady Trading!

Saba Jackson

GBPCHF Squeeze

Dear Dynamic Traders,

The GBPCHF chart below shows price coming into a squeeze formation. The reason for posting a weekly chart is to show the bigger picture. Price has come down and then consolidated before doing another move down. Since then it has retraced to a Fib breather level. Given price has been in such a long term downtrend, indications are showing possible signs of a bearish flag. Whichever direction price decides to break out the smart money will be ready.














Good Trading!
Bijal Shah

Head & Shoulders?

Good Day Dynamic Traders,

Today's chart is the Dollar Yen. After a longer term downtrend, we have observed the price rally since the beginning of this year. It has challenged the 100 mark numerous times, successfully broke through it on one occasion but found resistance further up and came back down again. Price has since not been able to break above this level.

The daily chart below is presenting us with a possible head and shoulders in a downtrend. The reason I say possible is because we would not know until the pattern has completed. Price is at the trend line, should it break through, our learned mentor's entry strategies can be employed to enter the trade. Do note that price will not move in a straight line and will likely come back to retest the trend line.

Equally given that price is at a trend line it may find support and bounce up. Nothing in trading is guaranteed therefore the best position to be in is in a state of readiness to receive what is being presented and act appropriately.














Good Trading!
Bijal Shah

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

Follow Javid on Twitter
Follow Anne on Twitter

A Cross at the Horizontal

Good Morning Dynamic Traders!

Take a second look at the GBPJPY cross this morning!

After a lengthy down trend, price has been retracing since the New Year.

The weekly chart below displays its current resting point at a long term horizontal; once a support , now switching to a fortified resistance.

Accompanied by the figure and on chart indicators, price promises a bubbling bounty awaiting an eruption!

A closer look at a smaller time frame may furnish further clues.


GBPJPY Weekly Chart Advanced Get

Below is the daily chart for the same.

Mark the 123,886 formation, comfortably complying with our mentors' text book rules.

Dynamic Traders keen to cogitate this barter, must first determine their trading style.

The trend line on display may offer an entry opportunity for a semi-aggressive stance, but given the nature of recent market movement, a conservative position may also be pondered.

Heed the value index within view, which has behaved magnetically many a time before and indeed the news items presently awaiting release!

Diligent use of filters and ESLT is highly recommended!


GBPJPY daily chart Advanced Get

Attentive Trading!

Saba Jackson

AUD Tram Tracks

Good Evening Dynamic Traders,

It's been an interesting day in the markets where most currency pairs did some form of a retracement/reversal. After every big move there has to be a breather or consolidation and given that the markets moved in a big way last week due to NFP and all the other news items, price is finding its natural balance.

Below is the AUD daily chart which has been rallying up since March this year. Having hurdled through a significant resistance, the value index and Fib clusters, it could have been thought that price may have a clear run up for a few hundred pips. Not quite the case however, as MACD is showing divergence and there is a tram track formation appearing. What will happen next?

Price could come back and retest the resistance turned support and potentially the value index in which case confirmation of further reversals would be required before any action could be taken. Alternatively it could do a continuation in which case appropriate employment of ESLT would be desired.















Good Trading!
Bijal Shah

Euro & AUDJPY revisited

Good Evening Dynamic Traders,

Hope you got some well deserved fun and rest this weekend. I have decided to revisit the Euro and AUDJPY tonight. As it's Sunday evening the data is not streaming properly and therefore please ignore the last bar.

There were several posts on the Euro last week from myself and my learned fellow bloggers. Below are the weekly and daily charts.

You will note from the chart that price has broken through the value index successfully on both the weekly and daily charts. It has also broken through a trendline and has tagged a more longer term trendline. With such bullish signals why not go long?















Note on the daily chart below, price is approaching a previous resistance which could also prove to be a double top. In addition there is the trendline which will act as resistance. If price breaks through both of these then a rally may be witnessed. Watch this chart over the next days and be open to an opportunity should it present itself.














AUDJPY

My last post on this pair was last Sunday. It appeared to show signs of a reversal with a potential 123886. However price did not concede and continued bullishly upwards.

I have posted both the weekly and daily charts for a fuller picture. Price has broken through the near term resistances and is looking fairly good for a continuation. On the shorter timeframe (4 hour) however, MACD is showing fairly strong divergence which is something to be mindful of should your confluences suggest you should trade this currency pair.



























Good Trading!
Bijal Shah

A Nimble Review and a Timely Cross

Good Evening Dynamic Traders!

Following the fever of last weeks movement, the coming one also promises prime pickings with the array of strategies screaming for attention.

Below is the daily chart for the CADJPY cross.

Price has been escalating uniformly since January this year succeeding a lengthy period of weakness.

Note the established break of the value index, followed by a close above the horizontal last Friday.

The on-chart display confirms prevailing strength, fortified by the seductive resistances on the horizon.

Further analysis does confirm this courage, although a simpler stance is staring Dynamic Traders in the eye, the keenest of whom will be sure to succumb!

With the probabilities in your favour and a stringent risk management regime in place, surrender your trade to the market and allow the collective consciousness to choose its' direction.


CADJPY daily chart Advanced Get

Blog Review

NZDUSD (x refer blog 6 May)

Abiding by the analysis, price surged through the value index, piercing the zero, before close of play restricted further force.

Those who favoured this pair may have pocketed up to 200 pips. A pleasing end to the week!

The Kiwi is approaching a horizontal, which may offer some resistance before a likely bullish stance is resumed.

EURUSD (x refer blog 5 May)

Negating Fridays huge movement supported by NFP news, this pair proffered a decent 100 pips for those who took this barter!

Dynamic Traders who may have left runners open and brave enough to play out the NFP day , will have profited by a further 180 pips!

An excellent end to the week!

The Euro may yet have some steam to show off, but bear in mind the nature of market movement after a scrambling rally as witnessed on Friday.

Blazing Trading!

Saba Jackson

Non-Farm Employment Change

Good Evening Dynamic Traders,

Hope you have had a good trading week so far. With all the news items going on this week my trading activity has been very minimal and therefore I did not blog last night. Given it is Non Farm Payroll tomorrow I will not be opening any new positions and therefore am not going to post any new set ups tonight. I will do a review over the weekend, ready for next week's trading week.

Wish you a very fun filled weekend.

Bijal Shah

Two Cracks at the Kiwi

Good Evening Dynamic Traders!

Tonight's crack is with the NZD USD pair!

Although not a pet pair of mine, the Kiwi is presenting us with a prominent picture that all Dynamic Traders should now be accustomed to.

This duo had been seasoned towards an earthward stance since February 2008, after which it formed an aggressive rally since March this year.

Below is the daily chart for the same.

Note that the zero horizontal on offer has been tried five times since last year; clearly making this a material moment to guard!

The difference at this sixth attempt is the gratifying presence of the value index, beautifully positioned; patiently awaiting the markets response.

Experience and training has guided the practised trader to trust the trend, unless a coherent confirmation of a change is on display.

With the magnetic pull of the clusters on parade, the century of pips on offer may attract the keen eye of the Dynamic Trader who may wish to pinch a humble share.

Thereafter, a watch list entry is highly recommended, in preparation of a break in either direction!


NZDUSD daily chart Advanced Get

Vigilant Trading!

Saba Jackson

EURGBP for the watchlist

Good Evening Dynamic Traders,

In the AUDJPY post from Sunday I mentioned a potential 123886 set up. Price has not abided by this, depite the confluences presented at the time, but in fact it has continued upwards with the short term trend. Price is now at a Fib breather level on the weekly chart and is presenting an indecision candle on the daily chart. In order to continue trading with the trend we need to allow for a potential breather and be ready for when price either resumes the trend or enter post confirmation of a reversal.

The EURGBP daily chart below shows price has reached a Fib breather level and is now approaching a familiar support level and RN. This is one to put on the watchlist for a continuation if it breaks through the support level.














Good Trading!
Bijal Shah

Plucking Pips

Good Afternoon Dynamic Traders!

Proceeding the long weekend and entering the month of May, we are promised vast volatility with the news riddled pages this week!

Those who have taken a plunge, may have indeed felt the pinch in pip movement as price proves its hot headed temperament, defying many a technical stance!

The ability to respect each market movement despite a betrayal of the best of analyses, permits a positive pattern of thought; one that focuses on re-visiting the strategy folder and choosing those resources that work well with the current market mind set.

This is doubtlessly an advanced traders priority.

Another look at the Euro, following yesterdays quality note by my fellow contributor, Bijal, will highlight a varied position that may be observed to amass tidy pips.

The weekly chart displays price hovering at the value index promising a directive at some point in the future.

The daily chart below provides a closer clue of short term movement.

Although price has retraced today, this is not unusual following a breach of the 'figure' horizontal on display.

The longer term trend is downward, but the short term rally, shadowing the value index, proffers a probability of at least a 60 pip capture with the trend, towards a noteworthy figure, before assuming a position (out of the market) awaiting the firm resistance clusters to play themselves out.

Note the technical tools on offer to confirm the viability of this small, yet significant stance.

This near term profit opportunity may be also be spy-glassed using a smaller time frame

Dynamic Traders recognise that a stockpile of pips is gathered trade by trade, through slow and steady progress, using a consistent pip collecting regime, which abides by the current market conditions.

EURUSD daily chart Advanced Get

Beware of the huge array of news items due tomorrow and thereafter!

Steadfast Trading!

Saba Jackson

Eur - We have a BOB

Good Evening Dynamic Traders,

This week is BIG news week so trading with caution is recommended as volatility will be high. In these conditions capital preservation is key.

Tonight's review is of the EURO. The weekly chart shows price at the VI (although not closed above it) and appearing bullish.

The daily chart below shows a breakout candle. The VI has been acting as resistance as can be seen on the chart on previous occassions and may do so again. If price does break through succesfully the next level of resistance can be seen by the longer term trendline which coincides with what may act as resistance levels. Price may also break through and do a pop and a drop. Therefore patience is key, await the right opportunity to ensure safe trading. Please do your own analysis and remember not being in a trade is also a position.















Safe Trading!
Bijal Shah

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

Follow Javid on Twitter
Follow Anne on Twitter

Opportunity Flow

Good Evening Dynamic Traders,

Hope you are having a lovely weekend. It has been a weekend of education and lessons learned thanks to a great sounding board. I cannot emphasise enough the need to review your trading activity after the event and use it as education to make improvements and refinements.

Well done to Sonia on a successful trading week.

Tonight's set up of of the AUDJPY. The weekly chart shows that price has reached a Fib breather cluster.

The Daily chart below shows that price has been bullish and has successfully penetrated the VI. It is now heading for the previous resistance level and if it breaks through it could continue the recent uptrend. If however, price fails to break through, it could create a double top and head downwards. Long term divergence can be observed on the MACD.














If we take a closer look at a slightly smaller timeframe notable confluences can be spotted for a 123886 set up. MACD is presenting divergence at the right areas, a reversal candle is present at point 1, the figure is in close proximity and a Fib reversal level has been tagged. In addition the 60 minute timeframe also presents MACD divergence. A smaller timeframe should enable an accurate entry in either case.














Prosperous Trading!
Bijal Shah

Currency Trends

Good morning traders,

I wanted to give you an update on the latest forex trends before going into the long weekend so you are all prepared in advance for next week and also todays pivot points. I also wanted to share with you some comments from an email I received from Sonia regarding her trading.

Sonia has recently been through the forex webinars and subsequently sent in an email informing us how she is doing. Last week she made money on all her trades execept one. The risk management has given her more clarity and confidence and fibonacci has provided her a great way of using ESLT. Sonia has also encountered great success with Double Deviation like so many others. Enjoy your weekend Sonia and good trading to you and all of your colleagues for the future.





At the time of writing this update, the daily GBPUSD (chart below) has moved up over 150 pips and is attempting to retest the big figure. This will most likely provide an opportunity soon so look out for a trade set up.


Chart courtesy of Advanced Get. Data provided by eSignal.

Good trading.

Javid Shaik
Forex Analyst

Will the Loonie hold?

Good Morning Dynamic Traders,

The Loonie did a small bounce up at the threat of a double bottom but there were more sellers than buyers in the market and therefore price found momentum to the downside. It has found an element of support at the VI as expected. If it breaks through the support, there are a further couple of support areas identified in the chart below.














Wish you an awesome long weekend.

Good Trading!
Bijal Shah