Beautiful Bounties!

Good Morning Dynamic Traders!

Another prime trading week is coming to a close, leaving room to reflect on recent activity.

Below is the 4 hour chart for the Dow Jones (x refer BLOG 11 Feb)

This index chose to break through with a vengeance yesterday rewarding Dynamic Drivers with almost 230 pips before consternation finally pushed price uphill.
Bravo to those of you who rallied towards the finish line yesterday evening!

The daily chart is currently bragging a fine dragonfly doji, supported by the bullish engulfing candlestick on the 4 hour chart below.

Dynamic Traders should recognise the likely ensuing movement and may wish to reap a little more reward before the trading week concludes.

Your fib studies as well as a closer look at support and resistance lines, may intimate exit areas.

Consider ESLT carefully.


Dow Jones 4 hour chart Advanced Get

EUR GBP (yesterdays BLOG)

This cross has already forgiven a beautiful bounty to the tune of 200 pips today!

This confirms (yet again) the muscle of a 'confluence of events' over differing time frames, that simply cannot be overlooked.

Heed Dynamic Traders..... our mentor repeatedly drills these incidents at us on a regular basis.
This should, by now, have seeped into your subconscious minds allowing you to profit from regular opportunities.

Watch list Entries

AUDUSD (x refer BLOG 4 Feb)

This pair has yet to break a trend line in its chosen direction, before a swing opportunity prevails.

USDCHF (x refer BLOG 5 Feb)

Remain on guard with this pair!

The reversal wick on the weekly chart is teasing action for next weeks play.

Discerning Traders may also wish to read Richard's excellent 'post activity' analyses on the latest sister site, which offers extensive insight and knowledge for future barter scrutiny.

An Amorous Weekend!

Saba Jackson