AUDNZD continuation?

Good Morning Dynamic Traders

As you know I've been patiently watching the AUDNZD Daily for a trend trading opportunity. Price is in an uptrend and has recently broken the Weekly R level/RN. I suspect the bearish activity/breather this week is due to DM traders selling off positions. However, yesterday's candle suggests buyers may be back in control and should there be a BOB of the recent high, this would be a good entry point for a continuation trade either using ESLT or MOBO.

















After writing my blog yesterday, the GBPNZD actually ended the trading day as a doji. Buyers stepped in late evening and pulled price right back up. This was probably due to the high impact news related to NZD. Aside the news, this is quite a classic market reaction to a strong support area. Nothing's changed though - price action and indicators still favour a move down. A clear BOB of the low is what I'm waiting for now.

















If you get the chance to read 'How I Made $2,000,000 in the stock market' it's a really good, quick read. Although originally written in 1960, the principles and learnings are still very valid today. One of Darvas' early leanings was not to concern yourself with fundamentals - news, speculators and rumours have no place in SM trading. Price action is all you need!

Abundant trading!
Sonia Molina

Mid week update

Good Evening Dynamic Traders

The GBPCHF chart mentioned on Monday has had a bearish few days - it's yet to give us the all important BOB though. Aggressive traders may have jumped on the candlestick confluence from Monday, but I'm still waiting patiently on this one.

My AUDCHF mobo trade was triggered last week, but went into negative territory immediately. This week it's gaining strength to the upside and making it's way towards my T1. A major RN is looming above, so if in this trade manage your stop accordingly.

Below is the GBPNZD daily chart. It may not be everyone's favourite currency as it's fast moving and a fairly volatile currency. As you can see it's presenting an opportunity to short.

















After a big move down in 2009, price has since been in a 5 month consolidation. So far today price is presenting a possible BOB. There are various confluences to suggest price could weaken. It maybe a little premature to enter based on this BOB as FBO's are likely after a long range, but it all depends on your own trading style. Some may play it safe and wait for a breather and then another BOB. In any case ESLT is an essential tool to use here.

As always please carry out your own analysis.

Great trading!
Sonia Molina

Further Gains

Morning Dynamic Traders,

Further to our recent members only webinars, we have managed to accumulate more profits on the trades we discussed. We had a good end to yesterdays trading and a very good start to todays trading.

Most of the Dynamic Trader members will have gained 1000's of pips from the begining of 2010 based on our strategies and are now looking for more opportunities. Remember, patience is key to trading. It is easy to feel invicible when so many trades have done so well but part of the reason they had done well in the first place is we used patience in addition to our good set ups for entry.

The Euro Dollar is in a range and not doing anything at all which is making it very boring at the momnent. However, the Pound Dollar is on the move today so this is a better bet for trading.

Further to the update regarding the GBPCHF, Sonia is absolutley right not to second guess what could happen so we will go through the facts and analyse this cross on the next members webinar.

We are off to Europe to the open roads so we can hear the rumble of our Aston Martin DBS. It is a very beautiful looking and sounding car but unfortunately the sound is muted due to speed limitations.

GBPCHF - FBO or just a breather?

Morning Dynamic Traders

What a lovely sunny weekend we had here in London! I hope you all had an enjoyable one wherever you are. Last week was pretty volatile what with all the high impact news. This week we should see currencies finding their feet again.

The AUDNZD I mentioned last week has indeed given a BOB on the weekly chart. Caution should be taken as price is still at a RN and the Daily chart is now having a breather - which is no surprise after a healthy run up. Should the right confluences present themselves a continuation with the uptrend may be on the cards. Patience..

GBPCHF Daily Chart: It's clear to see the consolidation this pair has been in for the past 5 months or so. Monday saw a big bearish move, piercing the support area but then hesitating and bouncing back up. So what next?

















This may have been a FBO, in which case price could continue upwards and resume it's ranging personality. Or price may simply be catching its breathe before it's next move down. Analyse the chart and see what confluences you can uncover for yourself. We're in no position to second guess the markets and as SM Traders we know very well that patience and market confirmation is what's needed for an entry here. So let's keep a watchful eye on this pair.

As always please carry out your own analysis and be confident with your trades.

Abundant Trading!
Sonia Molina

Dynamic Traders check your emails

Evening traders,

Overall the Dynamic Trader members will have had another very good trading week. Not as good as last week or the week before but still good.

Remember, tomorrow we have further news out so please ensure you follow the points in this mornings email.

The next trade set up has just been sent out to members.

Enjoy NFP tomorrow.


Javid Shaik

AUDNZD Weekly

Good Afternoon Dynamic Traders

I trust you're having a good trading week so far. This week is filled with high impact news, including NFP, so my agenda is to manage my existing positions and nothing more. My preference is to wait for the dust to settle after NFP on Friday, stay out of the NFP frenzy and then analyse charts with a fresh pair of eyes.














I want to bring your attention to the AUDNZD Weekly chart. This timeframe clearly highlights the big picture with this pair - there's a major resistance at 1.3000 level and price is being supported by a upward TL. As you can see, buyers have control so far this week - although this could easily change, especially with the volatility of NFP. Come end of trading week, we may have a clear BOB to reckon with. There are also additional confluences with some candlestick formations at the TL support. Should there be a price BOB we may see a continuation with the minor uptrend.

I'm intending to trade the Daily chart should this happen, but with price at such a critical level I'm playing safe by waiting patiently for bullish confirmation on the weekly timeframe.

Great trading!
Sonia Molina

Patient trading pays off

Good Day Dynamic Traders,

Having seen the communications from our mentor and other bloggers it appears that many of you have been doing tremendously well recently on your trades. This is fantastic news and makes it all the more worthwhile to do the blog posts.

As Javid always says that trading should be boring, it should not be exciting which is how you can keep your emotions under control. Someone asked me the other day if I was to describe my trading journey, what would I say? I think for me having been doing it for just over three years now, it is all about the simplicity. Keep it simple and it works, if you complicate it you end up losing the plot and getting very frustrated.

I have some updates below on the charts I have been talking about and also a new potential.

The EURNZD has been finding support as can be seen below and has tested the same area three times recently. This is one to be patient with, let the price tell you what you need to do and when. Its like intuition, if you listen out, you will surely get direction. No point second guessing.















I have posted the weekly chart for the CADCHF again because its a lot easier to demonstrate. Price is showing bullish signs and is now tackling the VI in addition to being at a crucial Fib reversal area. If the buyers win then we will see a clear breakout at which point some may enter. The rest may decide to enter at the break of the previous resistance.














GBPCHF has been in somewhat of a consolidation mode albeit with large moves within the channel. Price is now showing bearish signs and has broken through previous support. The decision to make is will it hold and if so where do you enter. Use your choice of entry techniques to help determine.














Good Trading!
Bijal Shah

CHF update

Good Morning Dynamic Traders

.. and what a beautiful morning it is. Spring has hopefully sprung! I love this time of year.. the daffodils are starting to come through and the harshness of winter starts to fade away.

Now on to a new month of trading. There were some questions last night on the Trading Room webinar about my 'Swissy' blog dated 4 Feb. So I thought I'd do an update on this today.

I was triggered into this trade 5 Feb based on the current minor uptrend and VI bob - showing bullishness. As mentioned at the time, 1.1000 was certainly a resistance level to be aware of but as part of my trading rules, there were still enough pips for a good risk-reward. I am now risk free on this trade after locking in 208 pips profit.

Although price isn't doing very much at the moment, it is making higher highs. We have a triangle formation so price will inevitably either break up, down or continue sideways. MACD is showing divergence, so we might see a pullback in price before any continued strength.

The VI is starting to curl up suggesting this could very well be a new uptrend as opposed to a FBO. However, buyers and sellers are fighting it out the moment, so if you're not in this trade wait patiently for the market to make it's next definitive move. If you are in this trade, manage it appropriately and don't start second guessing the markets. As Javid says, indicators are there just as a tip. Always remember - Plan your trade and trade your plan!

















Please carry out your own analysis and stick to your own trading rules and plan.

Abundant trading!
Sonia Molina

Euro Dilly Dally

Morning dynamic traders,

I would like to congratulate the trading room members. From our last members only webinar, it seems more than originally thought have pocketed profits. In fact, all our forex trades have managed wins except the Euro.

Since we entered the Euro it has dipped in and out of profit and this indecision is based on the bulls and bears unsure of which direction to take. We beleive the Euro Dollar has more weakness ahead but we could see consolidation or a pullback before that happens.

Overnight we have more profits added to our trading accounts from some of the trades (not the Euro) we discussed on the last webinar and previous webinars. In fact, from the beginning of the year our forex trades have accumulated very good profits. As previously mentioned, it is easy to get a feeling of invicibility when so many trades do so well but it is very important to follow our rules at all times but especially when so many trades are in so much profit.

John Maher has indicted some of his trades. You can view some of his current forex positions here.

Good trading for the week ahead dynamic traders.

Javid Shaik
Dynamic Trader

AUDCHF flag?

Morning Dynamic Traders

Below is the AUDCHF daily chart. I last wrote about this pair in early January while I was away. I was triggered into a long trade at that time, but was stopped out due to the deep pullback, which actually was a consolidation period for price. But not to worry - all part of trading. A loss certainly shouldn't cloud one's judgment for future opportunities. You have to move on remembering each moment is unique in the market!

















Recently price has provided a HH and as expected price is having a breather after quite a long run up. So a perfect time to be on guard and assess your bag of trading tools. What are our confluences:

1. The trend is up - although price does pullback quite regularly, so it may be a bumpy ride
2. VI support
3. TL support
4. Price above major RN 9.000
5. ST false bars
6. Possible flag forming? Retest of R as S.

I'm awaiting a bob of the high for entry on this one. Please do carry out your own analysis before placing any trades.

Abundant trading!
Sonia Molina

EURNOK & GBPAUD updates

Morning Dynamic Traders

I hope you all had a great weekend and enjoyed the beautiful sunny day we had on Saturday. Hopefully Spring is on it's way!

An update on two trades I talked about last week.

GBPAUD - as you know I am short on this and it has been a very successful trade with over 500 pips in the move so far. Price has now broken a major support area and as of this morning is retesting/having a breather. There is always the chance this could be a FBO - but confluences of a TLR, downtrend, price below VI, ST - all stack up in favour of a trend continuation. This could also be a good opportunity to compound your trade if risk free.

















The Daily chart also presents a good set up for a classic BOB/ESLT trade or MOBO. Again there is a chance this could be a FBO, especially as price has been consolidating for some time. ESLT should provide that extra protection. Be aware of the RN which is not too far below - this may provide some support.

















EURNOK - Price did find support at the major RN 8,000 and bounced up. But we now have additional confluences for potential further price weakness. Price has now retested previous support as resistance, also tagging a fib breather and we have the added weight of a TLR, keeping price down. Again, a BOB of the low and of the RN is what's needed for a short entry.

















As always please carry out your own analysis. Have a great SM trading day!
Sonia Molina