Christmas Cheer!

Good Morning Dynamic Traders!

Being a Friday and indeed the last one before Christmas, my rulebook requests that I refrain from initialising new trading positions.

In fact, those of you who regularly follow my blogs, will be aware that I habitually re-examine trades each Friday.

Dow Jones review
This index conducted itself well yesterday, producing almost 220 pips profit. (yesterdays BLOG).

Hearty Christmas Cheers to those of you who favoured the opportunity!

Another peep at the daily chart reveals that price tagged a firm horizontal and figure cluster yesterday, closing play by retracing to a tidy trend support line.

Below is the 4 hour chart.

On further scrutiny, it appears that price may wish to re-test last evenings low and set upon a noteworthy fib reversal area.
Canny Dynamic Traders will also note the proximity of the Chicago ema's to one another!

Should the smaller time frames permit a probable entry opportunity, another 200 pips may be captured before the end of the day.


Dow Jones 4 hour chart Advanced Get

USD JPY Review
Below is the daily chart

Price did indeed weaken further, prominently testing a long term support level. (BLOG 17 December) As expected, yesterdays convincing tram track confirmed traders dread of unknown territory with price bouncing back to a safe haven.

I will be eagerly watching this pair for a persuasive break of the horizontal.


USDJPY daily chart Advanced Get

The next fortnight is an excellent chance for Dynamic Traders to review, revise and reflect on this years mentoring programme.

The webinar series is crammed with invaluable classified information which can only continue to amplify and accelerate your trading progress and success.

With 2009 promising to offer further rewards from our dynamic mentors', discerning traders will make intelligent use of the coming break.

I wish all the readers, my fellow contributors and Javid and Anne, a very Merry Christmas and a flourishing New Year!

Saba Jackson