Screening The Mind

Good Morning Dynamic Traders!

Yesterdays market behaviour was almost a fickle as my senses.

Unable to conclusively observe a suitable set up, I correctly chose to tighten the grip on open positions and lie low in anticipation of a clearer picture; a confession to those of you in expectation of my daily note.

I am keen to review the GBPJPY cross today.

The monthly chart shown below highlights the weighty and momentous support area.

Price cascaded almost 600 pips since Mondays update (blog 12 Jan) forming a wider view of a perfectly formed "double bottom"!!!!

GBPJPY monthly chart Advanced Get

Below is the daily chart for the same

Traders' dread has witnessed price remarkably (though expectedly) retrace at high speed to a marked fib breather point and almost to this weeks start line!

Knowing traders may be aware of the huge clues this rapid movement emits for succeeding price action.

The secret is to pay careful attention to a signal in either direction.

Using your BOB and filter techniques, together with your own trading stance, (be it aggressive or conservative) allow the occasion to present itself for a welcome barter.

Remember well - the best traders believe the uniqueness of each trading situation and permit the market to unfold as it desires, before grasping the occasion!



GBPJPY daily chart Advanced Get

Enjoy the weekend!

Saba Jackson

Guarding a Cross

Good Morning Dynamic Traders!

Todays study is for the GBPJPY cross.

Both the monthly and weekly charts evidence a definitive down trending market. Price very recently rebounded away from a momentous support and zero figure.

Below is the weekly chart for the same.

Our very own special sub chart indicators reveal that the current earthward assault may have come to a temporary end confirmed by the popular MacD signals.

GBPJPY weekly chart Advanced Get

A closer look at the 4 hour chart pattern (below), displays price resuming its trend after the recent retreat from the historical low. It is currently resting at the golden mean, deliberating a further opportunity to re-test the low.

Sensible traders will keep a watchful guard in anticipation of price displaying a convincing reversal set up, or indeed a break of the figure supporting the slide. .

Exercise the correct techniques in each instance, bearing in mind the risks involved with speculating against the trend.

GBPJPY 4 hour chart Advanced Get

Good Trading!

Saba Jackson

Pound Yen Resistance

Hello Dynamic Traders,

Good to hear so many of you are doing so well from the forex webinars we recently had. Well done and continue to apply the same trading techniques when the opportunities come up.

I was sent an email from a friend yesterday asking for my thoughts on the GBPJPY. The weekly GBPJPY chart below shows a triangle formation and we are in proximity to the top trend line which will act as resistance. Should this have a reversal then look for the signs for a trend reversal prior to the directional change and look to take a trade.

Aggressive traders will look to pick a top and conservative traders will look to have price take them into the trade.

There is an opportunity for some good profits on this cross I think but beware it wont always do a correction when you expect it to as we all know based on fake breakouts and continuations. Put this on your watchlist for next week.


Chart courtesy of Advanced Get. Data provided by eSignal.

Next week will be very interesting. In the mean time, hope you all have a great weekend. If you are in London and visiting the Motor Show then I highly recommend going to the Honda show. It is a half hour paid event and in addition to some excellent stunt driving you get to see Asimo the humanoid.





Forex Analyst and car enthusiast
Javid Shaik

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