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Sunday, March 08, 2009

The 'Opportunity Flow'

Good Afternoon Dynamic Traders!

I have prepared an extended review, with forced focus on the recent events of the CADJPY; the subject of the note on 5 March.

Cross referencing is highly recommended.

CADJPY (x ref BLOG 5 March)
Although the definitive trend is downward, the four hour chart displayed an uphill ascent since mid January.

Early signs indicated a probability of price scaling towards two key fib zones before facing a stronghold.

Indeed, there remains a valiant sign of strength should this resistance be convincingly breached.

Below is the 60 minute chart for the same.

Having posted the blog, a look at this lesser time frame, nearing a key reversal time, would have presented you with a clearer picture for a wonderful intraday opening!

A close study of the snap shot below details the abundance of clues, which resulted in price cascading a staggering 275 pips within twenty four hours!

The four hour chart is now promoting a glorious DB especially fitting in the noticeable uptrend.

Perhaps the apprentice Dynamic Trader may wish to (un)cover the significance of this set up for ensuing movement?

Seasoned Dynamic Traders will always view the market objectively, thereby enabling 'conscious' access to their knowledge of market movement.

With this mind set, market openings present themselves with greater clarity without the need for any certainty of market direction.

Keeping the mind open to an exchange of energy allows the market to tell YOU what will happen next.

A converse approach will often result in trading misfortune.


CADJPY 60 minute chart Advanced Get

Dow Jones (x refer BLOG 2 March)

Following last week's note, price plummeted an enormous 600 pips to the fib and mob support zone, where it is presently perched.

Compliments to those who braved this barter and poached this prime profit.

You have a handy head start to the month.

A period of consolidation is likely after this frenzied fall.

USD CHF (x refer BLOG 26 February)

Price was determined to rally into the squeeze until it finally forgave over 230 pips, which the aggressive trader may have pinched!

Below is the daily chart for the same

Entertaining swing scopes are now available including our mentor's DD approach, to which I have allocated this pair.


USDCHF daily chart Advanced Get

Perceive the market objectively; unaffected by what will happen next.

Make yourself "available" to market behaviour as it unfolds: the 'now' moment.

Pre-define and contentedly accept the risk.

Finally.........let it go!

Now watch the 'Opportunity Flow'!

Saba Jackson

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