EUR bullish flag?

Good Morning Dynamic Traders

Let's check in on the EUR as mentioned last week by myself and Bijal. Since the last update we've seen price pierce into the resistance zone with a FBO and is now doing a pullback/breather. Price is obviously having a hard time breaking through this cluster of resistance. But we may well see another attempt soon. Price has tagged a fib breather level and although still early in the trading day, today is forming a bullish candle . Price is now being squeezed between the strong TL support and the R zone above - so it will soon have to make a decision either way!

















Remember the trend is our friend and should we have a bullish flag formation, this may well suggest a continuation of the rally. But this flag wouldn't be confirmed until we break the recent high and ideally have a BOB beyond the R zone.

Some of you may already be in this trade and patience is key. Price will always have these pullbacks and as Dynamic Traders you know that consistency and success comes from planning your trade and trading your plan!

Here's to great trading.

Sonia Molina

Keep an eye on GBP

Good Morning Dynamic Traders

Hope you've all had a great start to the trading week.

I would like to take a look at the GBP which has been off our radar for a while as price has been consolidating for some time.

This pair featured a lot in previous blogs, but it would be good to have a recap. So let's take a quick look at the weekly timeframe to get an overall picture of what's been happening. We can see price took a heavy fall last year and bottomed at around the 1.35 mark. Since then price has been steadily climbing up and after breaking above the psychological 1.50 figure, continued up with strength. Price is now in proximity of the VI which is also clustered with the figure and a fib breather level. This has given price a very strong resistance barrier to contend with. Note the extreme candle we have on the chart and also check the RSI which has recently broken it's TL.












Now looking at the daily chart we can see that the past few months price has simply been consolidating. We also know that usually after a long consolidation, comes a big move. So is this the end of the ranging period? We can see that price has broken below the VI, suggesting the bears are starting to take back control. But we would need more confirmation than just that - we still have the previous low/S zone to break and as SM swing traders we would want to see price breakthrough this area before any action is taken.













But price could simply bounce back up and continue with the ranging pattern, or we may see further strength to the down side. Should this happen, be sure to use ESLT on the BOB to avoid any FBO's. Most importantly, wait for the market to make it's move - there's no room for second guessing in successful trading!

Please ensure you carry out your own analysis.

Here's to great trading!

Sonia Molina

GBPJPY resuming downtrend?

Good Morning Dynamic Traders

Hope you've all had a great weekend and ready for a new week of trading. The market is there for the taking, we just have to see what's on offer.

I want to look at the GBPJPY this morning. Taking a look at the weekly chart we can see that although price has recently been climbing up, the larger trend is in fact down. We have a DT formation, which in a downtrend would suggest a strong continuation. Coupled with that we also have the MACD divergence - so confluences seem to be stacking up in favour of the larger trend. Be sure to use your complete Dynamic Toolkit when analysing as you will uncover further confluences to add to your edge.

















Now looking at the Daily chart we can see price was oscillating since May, finding comfort around the VI. Both the up TL and the low point from July have now been breached. As the current trend is up, SM traders would have been waiting for that BOB of the July low and applied ESLT. As you can see price today has tagged the RN at 140.00 and bounced right back up, suggesting sellers are hesitating at this point and buyers are stepping in.

















What will price do now? It may very well ignore the RN and continue south, or find it to difficult to break and consolidate for a while or even head back north to it's current trend. We can weigh up our odds and be ready to take appropriate action, but always be neutral as price could do anything.

Let's see how the week unravels for this pair. As always please carry out your own analysis.

Here's to great trading!

Sonia Molina

AUDCAD breaks high

Morning Dynamic Traders

It's already Friday and nearing the end of another trading week! I hope you've all captured good profits from what the markets had to offer.

This morning is the AUDCAD chart, which was the very first blog I had posted on 10 Sept. Price continued upwards and yesterday we welcomed the BOB. As of this morning price is still continuing up with strength. We have the 9500 mark right above which may or may not act as some kind of resistance. Previous RN's haven't proved to be too much of a problem for this chart. But as with all strong moves, we should expect a breather at some point, so we may well see a retest of R as S before a possible continuation.













Remember to check in on the weekly chart too. As written previously, we were contending with a S/R zone - will the week end with a breakout?

For now there seems to be continued strength in this pair. We do have a significant figure not too far off, so we may still see some strength in price before a pullback. As always do carry out your own analysis.

Take the weekend to analyse your trades - there is something to learn from every one of them! As a wise man once said 'If you're not growing you're dying'.

Wishing you all a wonderful weekend.

Sonia Molina

NZDCHF breakout?

Good Morning Dynamic Traders

I hope you're all enjoying successful, consistent trades this week.

Let's take a look at the NZDCHF. I want to start by looking at the weekly chart so we can get a broader view on this pair. We can see that the previous major trend is down and the current up move we're seeing may simply be a big breather. Note that price is beneath the VI suggesting we're still in a bearish trend. Price is climbing towards a critical point, where we have a cluster of resistances awaiting. At the same time MACD is diverging, suggesting we may have a change in price direction in the near future. Will we see price resuming to the larger trend or will we see price continue to rally and breakthrough?
















Now looking at the daily chart, we can see the current uptrend clearer. Price has been steadily going up since earlier this year. Price broke above the VI and as of yesterday broke through a 2 month long consolidation. However, caution should be taken as the BOB was an indecision candle suggesting a struggle between the bulls and the bears! We are also at a RN. We may still see some indecision on price, so using ESLT on BOB should protect against FBO's.
















This pair is a great example of keeping an eye on big brother. By looking at only the daily chart we would have missed all the other information we gathered from the weekly. So it's always important to look at the bigger picture, as quite often it will furnish you with further confluences, allowing you to make a more informed judgement on your trades.

Here's to great trading!

Sonia Molina

SGD and EUR

Evening Dynamic Traders!

After a relatively quiet day in the markets yesterday we saw some nice price movement today.

Let's take a quick look at my post from last night on the SGD. I mentioned that price was having a breather after a BOB but it wasn't yet clear how far that breather would go. Today we have a bearish engulfing candle, although this doesn't yet confirm the end of the pullback, as we haven't quite broken the low. As you can see, price is now contending with a support area coupled with the RN. So will the sellers continue to step in tomorrow for this S cluster to be broken? Let's wait and see.
















Also, let's take a glance at the EUR. Bijal had mentioned this a couple of days ago and I just wanted to update you with today's action. You can see we have a nice bullish candle today, moving around 150 pips. Price has pierced into the R Zone. Whether price will continue on up with the current trend is yet to be revealed. The MACD signal lines suggest we may still have some momentum in the move, but of course being SM we will be patiently awaiting, certainly for it to clear the fuzzy, uncertain R territory. Remember we have the figure looming above and as Bijal had mentioned there is also divergence on the higher timeframe - so if the rally were to continue it may be short lived before facing another road block.
















Have a super evening!

Sonia Molina

SGDUSD catching it's breathe

Good Evening Dynamic Traders

I hope you've all had a great start to the trading week!

Let's take a look at the SGDUSD daily chart this evening. You can see price is trending in a nice southerly fashion. Since early June, after breaking below the VI, price consolidated and didn't present many opportunities for the swing trader. That is until we had the breakdown of the squeeze formation earlier this month. This is a great example of BOB ESLT strategy and some of you may already be in the trade and managing your positions nicely. As expected price very rarely continues in one direction and usually needs to catch its breathe along the way.
















As you can see price tagged the RN last week and then retreated north. We may well see a bearish flag formation, favouring a continuation down. Keep an eye on those fib levels - they will always aid you. The other scenario is we may see a deeper pullback where price retests support as resistance. It may even go further north to it's former comfort zone - the market could do anything! Whatever the case may be, remember the downtrend is on our side. This pair is worth keeping an eye on to ensure we catch the next potential wave.

Here's to great trading!

Sonia Molina

Review of Week

Hi Dynamic Traders

I hope you're all enjoying the weekend! I also hope you've made time for your weekly analysis, assessment of current trades and new opportunities.

I'd like to do a review of the posts from this past week, to see how things have developed, or not as may be the case.

EURAUD was mentioned on Monday's blog and there was a potential continuation downwards on the horizon. As you can see we haven't seen that much develop with this pair. After such a long move down, it's expected that price will inevitably consolidate. Price seems to be finding comfort at the 17,000 region and continues to test the S/R zone area as resistance. By checking in on the weekly chart, you will see that the past few weeks have been quite small candles and ideally we're looking for momentum to pick up strength for whatever move this pair decides to do next! Let's see what the week ahead brings us.

Moving on to AUDJPY, our squeeze formation is still continuing and will be forced to make a decision very soon as to which direction it will go. Of course we can weigh up our odds and make our assessments, but we must always be patient and await for the market to dictate it's move. We did see a test of the upper TL, but didn't have the break and close needed to potentially enter for a continuation on the upside. So will the squeeze break upwards and continue with the current trend? Should this be the case, the conservative traders may want to wait for a break of the previous high before entering. Of course we may see price breakdown, although we do have the VI looming below which will surely act as support. Do check in on the weekly timeframe to furnish you with more insight. One to continue keeping on the watchlist!

USDCAD, mentioned on Wednesday is a similar story. We're seeing price wedge between the S and TL and we saw a fbo which tested the low and then retreated. Also take note of Friday's candle -indicating that sellers may still be in control! Again price is being squeezed into making a decision and as SM we'll be awaiting it's next move, armed and ready to take the appropriate action.

Overall, these pairs haven't seen any big moves this week for the swing trader, but that's how trading goes! This serves as a great reminder of the importance to be patient - you might be ready to trade but the markets might not be ready for you! Always remain neutral and don't have any expectations of the market.

Let's await and see how the market unfolds this week.

Here's to great trading for the week ahead!

Sonia Molina

Euro review

Dear Dynamic Traders,

Hope you are having a fantastic weekend.

I have chosen to discuss the EURO today and update on the EURGBP.

The Euro has been strengthening of late after a period of consolidation. Price has tagged a previous resistance level and is in proximity of a RN. MACD is showing divergence on a longer and shorter term basis. In addition price is not far from a significant resistance level. The question is will it continue to rally? There is nothing to say that it won't continue, although a pullback may be witnessed in the interim due to all the confluences mentioned above. If already in the trade, good management with tighter stops is suggested.














The next chart is the EURGBP which I mentioned last Tuesday. Price has continued its journey up in a steady manner producing some nice profits and is now facing a resistance zone. Having just tackled a significant RN the buyers in the market are showing strength and there are no other confluences at this stage that suggest that it will stop its journey. That said, no one knows what will happen next and the smart money would not second guess. Therefore, as always manage your trade and if the price continues there may be an opportunity for those that are not in the trade to enter it once the resistance zone has cleared.














I will be unable to post any blogs for the next two weeks, however, you will still have the insightful blogs from Sonia and from fellow bloggers on the the member sites to help your trading.


Good Trading!
Bijal Shah

The Daily Dow

Hi Dynamic Traders

This trading week seems to have flown by! I hope you've all managed to gain some good profits on your trades.

I've decided to take a look at the Dow Jones today. Keeping an eye on the indices obviously plays an important part in trading as the sentiment of the markets and the overall economy would certainly have an influence on forex markets too.

Earlier this year we saw the Dow hit a low point at approx 6500 - we hadn't seen levels like this since 1997. Since then price has steadily been on the up. The VI was previously acting as resistance and in July we saw a break above the VI resulting in strengthened continuation on the upside.

We're now at an important point on this chart. As you can see price is sitting in a resistance zone and in addition to this we have the big RN close above and MACD signal lines are also showing divergence. As price is squeezing between the TL and the R zone, it will inevitably be forced to decide on its direction. Will it continue with strength and breakthrough the zone or will the psychological barrier of the 10,000 mark prove too strong for the buyers? It would be very useful to analyse HTF's at this critical and vulnerable point on the chart and see if any further light can be shed.
















Be prepared for whatever the market decides to do! Please carry out your own analysis.

Have a fantastic day and trade with passion.

Sonia Molina

Breakout on Gold

Dear Dynamic Traders,

What a momentous day, the price of Gold has broken through a 1000 and is looking like it will hold for at least today! It has not yet made a new high but is not far from the price of 1034 which is the high that was created in March 2008. Usually the strengthening of Gold is synonymous with a weakening dollar and this can be witnessed perfectly well with the Euro chart. The Pound however is still consolidating and not showing typical signs yet.

The appropriate filters should be applied for entry into this position. The conservative traders may wait for the previous high to be broken before entering. Well done to those that are already in the trade and have scooped up some profits.














The second chart for this evening is the AUDCAD. This has recently being rallying nicely and has produced some nice profits. We saw a bearish engulfing candle yesterday and price had recently got close to the previous high and close to the RN. To trade with the trend we want to wait for the resistance to be broken and the signs are not quite obvious yet. In addition there are many news items being released this week which will likely affect the price action. A good one to put on the watchlist should a breakout occur.













Good Trading!
Bijal Shah

Loonie back at support

Good Afternoon Dynamic Traders

I hope you're all having a great trading week so far! Nice to see the sun back again in London.

Today's chart is the Loonie - a favourite pair for the bloggers. As you can see price is currently in consolidation after a big move down. We have a support area around the RN which has been tested before without success of breaking. What will happen next? Will price find strength to breakthrough the support or will we see another bounce up, continuing the current breather? Whatever the case, this is definitely one to keep on the watchlist.

There is high impact news out this afternoon which may affect this pair. Be patient, be prepared and wait for the market to show its hand. As always carry out your own analysis.

















Here's to great trading!

Sonia Molina

EURGBP welcomes BOB

Good evening dynamic traders,

Hope you are having a great week so far. Tonight's chart is the EURGBP. A day full of high impact news has seen the price break through strong resistances with a large bullish bar.

There is a RN not far away but a more significant one a little further away so there may be some mileage in the current trend before a potential pullback. ESLT would be a good tool to use from your arsenal for your entry.













Good Trading!
Bijal Shah

AUDJPY battle

Morning Dynamic Traders

I'd like to bring your attention to the AUDJPY Daily chart. We're in a squeeze formation, so price very soon will be forced to make a decision as to who wins the battle - the buyers or the sellers.

Despite the deep pullback in June/July the trend is very much in an upward direction and as smart money we know that the trend is our friend so we would be looking for a long opportunity. You can see on the chart that price is finding support at the VI and we also have a RN in proximity to this. Check all your indicators to see what they suggest - stochastic is giving us a black bar on top, confirming the uptrend. If you look closer, there are other confluences. See what you can uncover on this chart by using your Dynamic Trader toolkit.

















As always please carry out your own analysis. Remember don't second guess the market, just be ready for the market to make its move.

Here's to great trading!
Sonia Molina

EURAUD continuation down?

Good morning Dynamic Traders

I hope you've all had a fabulous weekend. Thank you to my fellow bloggers for such a warm welcome!

Today I am looking at EUR/AUD. The major trend is down and price recently broke it's consolidation by continuing south. Price seems to be finding comfort around the 17000 mark - obviously a psychological barrier for buyers and sellers. We saw price do a FBO and now with its second attempt out of the zone, price seems to be doing a pullback and retest of support as resistance. So let's stack it all up - the RN, support potentially turned resistance and the trend as our friend - odds are in our favour for a continuation down.
















Let's go down to a lower timeframe to see if we can strengthen our odds and find any more clues. On the 4hr chart we can see there is a nice squeeze formation and whilst writing this, we have a doji forming which is tagging the TL resistance. This may even be a DT formation. With the RN and VI also looming above this adds to our edge even further.
















For the more aggressive trader, entry can be taken on a breakdown of the squeeze on the 4hr. I'll be waiting for a break of low before entering and applying ESLT. This is going to be an interesting one to watch this week.

Here's to great trading!

Sonia Molina

Kiwi Breaks Zone

Hi Dynamic Traders

I've been keeping a watchful eye on the Kiwi and some of us traders may already be in this trade. It's a great looking trend and price has steadily been going up since March 09. Price is above the Value Index, which also confirms that we are in an uptrend. Price has previously broken round number after round number but since mid August it started ranging, a clear sign that the bears and bulls were fighting it out with price not knowing what to do. Yesterday we had a good sized bullish candle allowing the buyers to break above the resistance zone and The Figure.

We're at an interesting point on this pair. As you can see on the chart we have another resistance level looming above which is also at the round number. We should be wary of this and if already in a trade keeping our stop nice and close. Check your favourite indicators and see what they're telling you. You'll see stochastics is showing a false bar on the top, suggesting strength in the uptrend.













It's also worth checking in on the weekly chart - MACD is showing us divergence and we're also at a fib level. We may see consolidation after having such a long run up. It will certainly be interesting to see how this pair develops next week - will it continue up with strength, retest resistance as support before the continuation, or could this still be a fake breakout?

As the weekend approaches, take some time out to celebrate something great in your life - celebration and rewarding yourself is so important along this journey. Also ensure you analyse your trades from this week so you can learn and continue growing.

Enjoy the weekend.
Sonia Molina

EURCAD squeeze

Good evening dynamic traders,

A very warm welcome to our newest blogger Sonia. Thank you for your kind words, I am sure you will achieve great trading success and inspire others to attain the same through your contribution.

Tonight's chart is the EURCAD. From the below chart it can be seen that the major trend on this chart is down. Price has been coming into a squeeze recently. The VI has been playing a major part in providing resistance particularly of late. This together with the reversal candlestick (doji) and the RN provide some good indication of a possible reversal/pullback. In addition there is some short term MACD divergence as well. A look at the lower timeframes will likely aid your entry.














Good Trading!
Bijal Shah

Watchful eye on AUD/CAD

Good Morning Dynamic Traders

Before I even begin my contributions to this website I would like to thank Javid and Anne for allowing me this wonderful opportunity. Having been an avid reader of the blogs for the past year, it’s still hard to believe I’m actually here! Trading and most definitely becoming a contributor to this site was something I never would have dreamed possible. But it is.. with sheer determination, commitment and discipline anything is.

I would also like to say a very special thanks to Ash & Bijal who have helped and mentored me so much on this incredible journey. You’re both a true inspiration and I only hope to follow in your footsteps and give something back by helping readers through the blogs.

And not to forget my fellow bloggers, thank you for your commitment with writing these blogs with such commitment and enthusiasm. They’ve really helped me to advance my trading knowledge and understanding of the markets.

Today I’m looking at AUD/CAD. Let’s take a look at the weekly timeframe to start. You can clearly see price is currently in an uptrend. Price crossed above the 200 MA and then retested it as support, potentially giving us the springboard it needs to continue on upwards with the trend. You can see the bullish flag formation, which has also tagged a fib breather level. We’re now approaching a S/R zone and a RN so it will be interesting to see how buyers and sellers react. Note the bullish engulfing candle at the Value Index support suggesting a strong signal for a continuation.

Now let’s take a closer look at the daily chart. You can see price broke the squeeze formation upwards, favouring our edge to the upside. Price found support at the RN and we have a spinning top as our extreme candle at TL support, which is also nearing the Value Index. This is definitely one to keep on the watchlist – will it break through the resistance looming above or will it have a moment of indecision or even reverse? We can see with yesterdays candle there was some indecision in the market, so we may see price lose a little steam.

As we know, the market will do whatever it will do – so we simply need to be patient and neutral and wait for the market to make its move. Think about your edge, choose the appropriate strategy from your dynamic trader toolkit and then most importantly take action. As always please carry out your own analysis.

Here’s to great trading!

Sonia Molina

Gold fails to break 1000

Good Evening Dynamic Traders,

Hope you are all having a fabulous week so far. The Swissy and EURGBP have been producing some nice profits.

I mentioned the Gold chart around this time last week. Price has come up to test the 1000 mark went through it but the sellers outweighed the buyers in the market and pushed the price back down. Some tell tale signs were apparent to help us along the way such as the major RN, and reversal candlestick formations in addition to the previous resistance of course.

As always there is still a chance that the buyers may gain dominance and try again to get through this huge psychological barrier as the dollar weakens. For the smart money, the position will be to keep a keen eye to see what the price action reveals and act accordingly.














Good Trading!
Bijal Shah

Break out for Euro and Swissy

Good Evening Dynamic Traders,

Today has seen price break previous resistance and support for the Euro and Swissy respectively (charts posted below) after a period of consolidation. What remains to be determined is whether this is a true breakout or not. Price on both charts has broken in the direction of the major trend, and for those with ESLT tools will be able to employ them and have some protection if the momentum does not continue.

Good Trading!
Bijal Shah

Review of the week

Good Evening Dynamic Traders,

Hope you have all had a lovely weekend.

I would like to start by reviewing some of the posts from last week.

The USDJPY (mentioned on the 2nd September) has come close to a double bottom and has had two bullish days. It is not currently showing any signs of breaking the previous low. Once the pullback has completed this chart may be revisited.

The price of Gold made it very close to the 1000 mark and the candle for Friday has produced a doji. It will be interesting to see if the buyers are able to dominate and break the 1000 mark.

The Loonie has produced a double top formation and price retreated down. Of course NFP and Canadian employment news on Friday may be contributory factors towards this move. This chart is now on the watchlist for a break of the low for entry with ESLT.

The EURGBP mentioned on the 31st August has broken downwards although the movement has not been huge. I wrote on the blog that we were looking for a break down, however, price has been moving to the upside in the current minor trend. Price is currently at a Fib breather level measured from the most recent low. It will be interesting to see if this is a pullback before price continues towards the upside continuing the recent minor trend or will break through and resume the current major trend.


A chart that I have not mentioned recently is Silver, which similar to Gold is looking interesting. You will note from the below that price has broken through the trendline and is now testing a strong previous resistance level. Price has tagged the resistance level and retreated but the bar finished green. The recent uptrend has not been entirely smooth however, the retest of the VI has proved the buyers are stronger than the sellers so far. One for the watchlist to see if a breakout is produced so advantage can be taken of this commodity.














The final chart for tonight is the AUDJPY. Price has been in a uptrend and has recently done a pullback, bounced off the trendline support and started to move back up. A trendline resistance has been broken and produced a BOB. Aggressive traders may apply ESLT and enter the trade, conservative traders may wait until the previous resistance has been cleared before entering the opportunity. Either way there is no right or wrong, its up to the individual's intestinal fortitude!














Good Trading!
Bijal Shah

NFP Expectation

Good morning traders,

Market analysts forecast a worse than expected NFP report today. That said the expectation is it wont reverse the equity market. Right or wrong, this is a typical sentiment by market analysts.

The expected loss of jobs is values at 223,ooo. Lots of people will lose on gambling on the figure and attempted pricing of the markets today. This is partly due to ego and the need to be right and any wrongs are quite often written off and soon forgotten about.

All Dynamic Traders should remember the discipline that is required and follow the rules given out to you. Javid sent members an email this morning showing the USDZAR and that will provide a guide to structured and disciplined trading where good profits can be made without the high emotion that will be in abundance today.


Anne Chapman
Dynamic Trader

All that glitters....

Good evening Dynamic Traders,

The EURGBP mentioned on Monday is starting to look like it is moving to the downside. Some of you may already be in the trade.

Below are the daily charts for Gold and USDJPY.

Gold has seen a big push up today, price has broken through trendlines and produced a break out. Given that price has found resistance not too far away, it may be worth waiting for the previous resistance levels to be broken before a long entry is taken. Definitely worth putting on the watchlist.














The next chart is the USDJPY. Price has broken through a trendline and is looking bearish. This may be a good opportunity upon the break of the support line on a shorter timframe to keep on the watchlist.














Good Trading!
Bijal Shah