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

Opportunity Awaits

Good Day Dynamic Traders,

Hope you are all having a fabulous week. I have posted three charts below: Gold; CADCHF; and EURNZD.

Gold
Gold has seen an up trending chart until the end of last year when price started to decline. Since then we have seen price produce lower lows and lower highs which suggests a change in trend. Price has not broken the trend line support yet although it has been tagged. Price has now arrived at a previous resistance and if it fails then we could see a double top. If price breaks up then there are some further Fib based resistances not too far away. Indications suggest price heading back down - conservative traders will wait for break of the previous low, aggressive traders may decide to short sooner based on other confluences.














CADCHF
I decided to post this chart because price has broken out of a triangle/previous resistance at a major RN. Price is now approaching the VI and if it breaks through this then a great long opportunity may await for the taking.














EURNZD
Price on the EURNZD chart has arrived at previous support close to a RN. Those that are already in the position may be looking to compound upon breakdown of price. For those not in the trade, an opportunity may present itself for entry based on ESLT or your own rules. One to keep an eye on!














Good Trading!
Bijal Shah

EURNZD

Afternoon Dynamic Traders

Welcome to a new trading week. Due to NFP on Friday we saw some volatile moves on the markets and I was stopped out on some of my MOBO trades. At times like this, it's important to remember that losses are inevitable and are a part of trading.

A pair I'm keeping an eye on is EURNZD. The trend trading opportunity is clear - a BOB of the low would suggest further weakness and I will be looking to enter a short should this happen. But with the current pullback we're having, a reversal could also be a possibility and we should always be prepared for whatever the marker offers.

We've seen a BOB of the 2 from the 123786 bottom, but price then almost tagged the VIR and retraced. Could this be a bullish flag forming, in preparation for further strength to the upside? Note the RSI strength. Or is this simply part of the current pullback? Either way, whether a continuation or reversal, a trade can be taken with the correct confluences and confirmations. I will keep you posted on this pair when a possible entry is lining up.
















Remain emotion free with your trading and remember that each trade is a unique opportunity and the past does not equal the now or the future.

Successful trading!
Sonia Molina

Good Evening Dynamic Traders

Hope you're all enjoying your trading week and progressing well.

The Loonie today has tried to continue climbing up, but the candle today seems to be failing the high. As mentioned, yesterdays candle tagged a fib breather level so we may now see a continuation with the downtrend. But we won't know if this possible bearish flag formation is complete until we see a BOB of the low, so patience will be a virtue for this pair, as the market could do anything.

The EURNZD on the daily timeframe has continued to oscillate around the recently broken support level, not giving us any real definitive move as of yet. But checking in on the 1hr chart, we may have a poss 123786. For the day traders this will be a good one to keep an eye on. The MACD has just crossed the midline and the current bar is nice and bearish. We may just see a continuation down should this chart pattern come to fruition. As always carry out your own analysis and consult your toolbox of strategies and rules.
















I'll be unable to post any blogs for a few weeks now as I'll be out of the country, but you'll still have the great updates from Bijal and also insights from fellow bloggers on www.fxcps.co.uk and www.fxcps.eu.

Have a wonderful few weeks. Remember Dynamic Traders - plan those trades and always trade your plan!

Great trading to you all.
Sonia Molina

EURNZD retraces today

Good Evening Dynamic Traders

Hope you've all had a great trading day.

Let's take a look at what EURNZD did today after yesterdays post. As mentioned, there was a chance that sellers may remorse the big move from yesterday and allow buyers to step in - and today's candle seems to be confirming that. The figure has most certainly played a psychological barrier for the market. This is a great example of where ESLT would have protected you from the bounce up in the market today. This may simply be a retracement before a possible continuation with the friendly downtrend. We might see some consolidation before price squeezes out, as it will inevitably be forced to decide with the upper TL and support/RN level surrounding it.
















Keep those odds in your favour and remember the market never moves in one direction, so pullbacks will always be a part of trading - in fact they're needed for healthy trends! But of course trends never last forever, so the psychological figure may even prove too strong to break and we may see price reverse. Let's see how this pair unfolds this week and await the markets move.

Here's to great trading!
Sonia Molina

EURNZD

Good Evening Dynamic Traders

I hope you all had a fantastic weekend and enjoyed a successful day on the markets today.

Tonight I wanted to share the EURNZD daily chart. Price has been heading south in a fairly slow but steady fashion - a nice looking consistent downtrend without any deep pullbacks, which is always good to see. As of tonight we may well see price close with a new BOB of the low with a very bearish candle - but we need to wait for a confirmed closed bar.

Should we see a BOB, all the Dynamic Traders can use the ESLT tool for entry. Although price has crossed the big figure, we are still in close proximity to it, so be wary of the fact that we may see some traders remorse in the form of a FBO. We do however have the trend in our favour and we also have stochastics confirming that. Let's await and see what the market offers tomorrow.













Please carry out your own analysis before placing any trades. Check on your favourite indicators, consult your TP and rules and make a judgement on your trade.

Here's to great trading! Have a great evening.

Sonia Molina

EURNZD 123786

Dear Dynamic Traders,

Hope you all had a wonderful weekend. I would like to congratulate Saba on reaching a momentous milestone in her trading career. Passion and perseverance with the right guidance from the "guru" enabling the birth of yet another consistent, successful trader.


Today's post is one of the EURNZD. The weekly chart shows a strong trend up, price has been creating new highs and has got close to the 2.600 mark. I would like to draw your attention to the MACD which is currently showng divergence. In fact, on closer inspection you will note that MACD has not been following price across many timeframes.














The daily chart reveals a lot more relating to a potential 123786/886 set up. MACD is diverging and price is at a key Fib reversal level. In addition, price is in close proximity to the figure. If the rules of the set up old true, await the BOB and take the opportunity.














Fortunate Trading!
Bijal Shah

Follow Javid on Twitter
Follow Anne on Twitter

http://www.fxcps.co.uk/blog
http://www.dynamictraderblog.com
http://www.fxcps.eu/

Dow Jones hiked south

Happy Friday Dynamic Traders,

What an interesting day Thursday was! The Dow Jones produced instant results after writing the blog, it produced an opportunity to make profits of 500 pips on the downside and ended up at the 7500 level. Next major support on the Dow is at 7192. The CHFJPY has continued to be gracious and headed south a further 300 pips.

Since mentioning the EURCAD at the 50% level where it was finding resistance, it has continued up to 618 yesterday and to a key Fib reversal level today. On the 60 minute chart below you can see some signs of reversal though not fully confirmed so if you were planning to trade this, 3D would be very good to use here on a break either way.














Similarly, the EURNZD mentioned earlier this week has gained strength today, broke through previous resistance and has tagged the 2.400 value today. The 30 minute chart shows signs of potential reversal with candles and MACD.

Have a fantastic weekend, looking forward to next week as Thanksgiving in the US always make the markets an interesting place to be.

May the force be with you
Happy trading!
Bijal Shah

Read Anne's forex blog here
Read FXCPS.co.uk forex blog here

"Kind words can be short and easy to speak, but their echoes are truly endless."
Mother Teresa

Patient trading

Bonjour Commerçants Dynamiques,

True to its form the Cable very kindly reversed and generously provided over 400 pips to the upside today. In addition the Swissy yielded some healthy profits on the downside. Well done to those of you that have been able to take the opportunities as they present themselves.

EURCAD
Price has made attempts to break the resistance level multiple times but failed to break through decisively. Price has retraced half way from the previous move but not closed above it. The value index is currently acting as support, once breached it may provide a good entry point with other confluence of events. Looking at a much smaller timeframe you will be able to measure the movement and project entry and exit points with Fib ext. The keen eyes may spot a possible bearish flag.














EURNZD

The EURNZD has had steady strength to the upside until recently where it has tested the trendline twice previously and is currently trying it a third time. Price is currently close to the figure. This pair will be on my watchlist for a break of S/R/T.

On the slightly shorter 4 hour timeframe we are presented with a 123786, combined with MACD divergence. This would indicate that nothing moves in a straight line and therefore some pullback can be expected in the near future. Please do your own analysis before taking any positions.

Expect some volatility today as there are quite a few news items out today.

Commerce magnifique!

"The most beautiful thing we can experience is the mysterious. It is the source of all art and science." - Albert Einstein