Nearly Midweek

Good Evening Dynamic Traders,

The previously mentioned AUD has not done much since the last post despite news items. The bars are fairly small and there appears to be some indecision going on. The best thing to do here is to wait and watch before taking any action.

The GBPCHF pair has been through the consolidation and has provided us with a breakout. Price is now heading upwards towards the VI and previous resistance. It will be interesting to see if it makes it to the next level of resistance or whether today was just traders remorse and price will start continuing the trend. Personally, I don't have enough signals to for entry and going long means going against the recent trend so I will wait aside for price to tell me more.














The GBPCAD pair is showing signs of a squeeze. Having bounced off the VI twice price is trying to test it a third time, will we have a triple top in a downtrend? Note the other confluences that price will be facing close to the VI, this should give you good signals if you are patient.














Good Trading!
Bijal Shah

AUD - awaiting breakout

Good Evening Dynamic Traders,

Hope you are all having a great week. The GBPCHF mentioned last week is showing some signs of a possible break away from consolidation with a big bearish bar for today. It has broken through the most recent trendline and is heading back south.

The AUD chart below shows price retesting the previous resistance level. Whilst being in close proximity to a RN and also a display of indecision candles is not promising, given the trend, the smart money will wait until a break and then step in to reap the rewards.

Note the Euro and Swissy are doing very similar things and so worth putting on your watchlist.














Good Trading!
Bijal Shah

AUDUSD & CAD

Good evening Dynamic Traders,

Hope you are having a good week. I have been trying all day to post some charts but am still not having any luck so apologies. I wanted to show you the AUD this morning on the 240 chart where price found support and has since started to head back up. Keep an eye on it for trend to resume potentially.

In addition, price on the Loonie has produced a bearish engulfing candle and will be reaching previous support soon. Again another one to keep an eye on for a good entry hould the trend continue down.

Good trading!
Bijal Shah

AUD breakout

Good Evening Dynamic Traders,

The AUDUSD is displaying signs of a possible breakout scenario so is currently on the watchlist for entry via ESLT to avoid a FBO.

You may have noticed some longer term divergence between mid March and June, which is a good point but not so valid as MACD started to follow price for the most part since June.

Please note the arrows are for illustrative purposes only and not actual predictions of where price will go to.















Note the AUDCHF which is also doing something very similar to the AUDUSD where price is at a previous resistance level and we may see a breakout/down there too.


Good Trading!
Bijal Shah

The Gasping Aussie

Good Evening Dynamic Traders!

A huge hand of warm appreciation to the welcome comments personally received in the last forty- eight hours from both webinar participants and indeed my fellow bloggers!

May this "blow to the head" (as quoted by a fellow trader), serve to enrich you with plentiful profits in the coming months, as consistency creeps in!

Tonights lights are with the AUDUSD.

This pair has been relishing its soaring ascent since early March this year; charging through the daily VI and currently testing a teasing zero.

Below is the weekly chart for this pair. The last few weeks have witnessed price collecting its thoughts whilst comfortably seated at the VI.

The zone in question offers a confluence of events that should not be dismissed as fib studies expose textbook signals that a seasoned trader should have snatched at first sight.

AUDUSD weekly chart Advanced Get


The daily chart below displays the near term angle.

The established trend is once again, under scrutiny, as the triangle formation forces a market

movement in a choice direction.

Dynamic Traders....... be conclusively certain in the uncertainty of the course ahead.

Define your edge, manage your risk, and play the market at its own game!!!

AUDUSD daily chart Advanced Get

Probability Trading!

Saba Jackson

AUDUSD opportunity?

Good Evening Dynamic Traders,

I have posted a very short time frame chart on for tonight's post (60 minutes). The AUDUSD has done a pullback and is showing possible signs of re-starting its move up. We have MACD convergence relevant for a 123786, RN, and the reversal candles on display. There is also a tram track formation visible on the 4 hour chart. All of these suggest a possible continuation. Do ensure you do your own analysis and adhere to the requirements as per your trading plan before getting triggered.















Good Trading!
Bijal Shah

End of Week Review

Good Evening Dynamic Traders,

Hope you all had a wonderful weekend. I thought I would take the opportunity this evening to review some of my previous posts and see how the pairs have fared.

The AUDUSD posted on 8th June projected a possible retest of previous resistance before the continuation. Price indeed did exactly that, it tagged the resistance turned support and then started its journey up producing a 400 pip opportunity on the way up.

Price is now approaching an area which it found resistance previously. It could form a double top and bounce down from it or it could break through if the bulls are stronger than the bears. For me this will be one for the watch list for re-entry once signs are more clearer of where price wants to go.














The Loonie posted on the 10th June, was a projection of a potential head and shoulders formation at the very early stages (development of the right shoulder). It did in fact continue to form the shoulder and retested the previous low. Having done that however, it went back up to re-test the high (and Fib breather level) and did not quite get there.

There are still signs of weakness in the Loonie however, it is unclear as yet whether the pullback/breather is complete before the possible continuation down. Once confirmation is available a good entry short may be sought.













The EURGBP chart posted on the 3rd June has broken through the value index and previous supports producing some nice profits for those that took the opportunity. As we all know price does not move in one direction constantly. Therefore it should be expected that price may go back and retest the support that it has recently broken through.














Good Trading!
Bijal Shah


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AUD continuation?

Good Day Dynamic Traders,

Hope you have had a good start to the week.

Below is the AUDUSD daily chart which has had a bullish run for the last 3 months. Price has been taking a break from the uphill climb and doing a breather which today reached a Fib breather level, close to a previous support and a RN. Now all that is needed is confirmation of whether the trend will resume or not. A slightly shorter time frame may provide the necessary clues for a good entry.















Good Trading!
Bijal Shah

AUD Tram Tracks

Good Evening Dynamic Traders,

It's been an interesting day in the markets where most currency pairs did some form of a retracement/reversal. After every big move there has to be a breather or consolidation and given that the markets moved in a big way last week due to NFP and all the other news items, price is finding its natural balance.

Below is the AUD daily chart which has been rallying up since March this year. Having hurdled through a significant resistance, the value index and Fib clusters, it could have been thought that price may have a clear run up for a few hundred pips. Not quite the case however, as MACD is showing divergence and there is a tram track formation appearing. What will happen next?

Price could come back and retest the resistance turned support and potentially the value index in which case confirmation of further reversals would be required before any action could be taken. Alternatively it could do a continuation in which case appropriate employment of ESLT would be desired.















Good Trading!
Bijal Shah

Aussie Appreciation

Good Morning Dynamic Traders!

The AUDUSD pair has presented the market with a spectacular firework display during the last forty-eight hours.

Further to the note of 28 April, price refused to close below the horizontal, instead charging forth on a raving 300 pip rally, compounded by heavy news releases!

Fortunately, a short trigger would not have been executed for those dynamic traders heeding the filter and ESLT warning.

The weekly chart below displays the DT formation; a significant pattern in the clear downtrend.

The cluster at a breather and stalwart resistance should alert traders to careful scrutiny.

Note the approaching value index, which may come forth into play with this pair.


AUDUSD weekly chart Advanced Get

Below is the daily chart for the same.

Witness the current breach of the value index and righteous resistance, a target that has been boldly resisted many a time before!

Those who wish to barter this pair will observe the day's play vigilantly, guarding a possible break out on the horizon or indeed a retreat, which will be evidenced by dynamic signals.


AUDUSD daily chart Advanced Get

This pair has produced a perfect example of the power of market movement.

It has also proven the huge importance of risk management.

A focus on 'minimising losses' and 'holding on to capital' is immensely greater than centering on a 'compounding' mentality.

Paradoxically, the former focus will promise magnified profits.

Thoughtful Trading!

Saba Jackson

An Aussie Motion

Good Morning Dynamic Traders!

After consultation with our mentor, I have chosen to continue with the much traded original basket of eight currency pairs.

Focus upon fewer numbers may result in the relinquishing of prime opportunities as they present themsleves.

This being said, the apprentice amongst you may wish to focus on a lesser number, so that familiarity with rules, analyses and strategies is not distorted by an array of information.

An opening noted this morning, is that of the AUD USD.

The weekly chart confirms the blanket downtrend, which knocked a prime breather level earlier this month.
Twinned with the indisputable 'bearish flag' chart pattern, we have a forceful indication of future direction.

Below is the daily chart for the same.

Price noted the obstruction at the value index.

Following an admirable struggle and further retaliation, price finally conceded by retreating through the trend support and lining itself at the horizontal.

Note the cluster of events on display.

A definitive break of the present support, may provide further confirmation of a weakening nature.

An ESLT of a mechanical kind will bode well for an entry opportunity.

For the discerning amongst you, an alternative, routine entry is presenting itself nicely.

Heed the further obstacles that may resist price including news items that may indirectly impact this pair.

AUDUSD daily chart Advanced Get

Astute Trading!

Saba Jackson

AUD Squeeze

Dear Dynamic Traders,

Apologies for the absence of a blog post yesterday.

Today's post features the AUDUSD. Price is looking to break out of a squeeze and through a strong support turned resistance. In addition, not far from the support turned resistance is a Fib breather level. If the breather level holds then we may be looking at a bearish flag. MACD on the daily and the 240 is appearing to be following price action.

ESLT needs to be employed for a safe entry. However, one thing to be mindful of is divergence on lower timeframes (which would confirm the bearish flag).














Please note there are numerous news items due out tomorrow.

I wish you all Good Trading and an awesome weekend!
Bijal Shah

Sunday Review & Analysis

Greetings Forex Traders,

Hope you are having an outstanding weekend. My weekend has been one of taking check of where I am and whether I am on track to get to my goals.

The review below is of currencies I have posted previously. These include the AUDJPY, Loonie and GBPCHF.

AUDJPY
At the point of my last post on this currency pair the price was at 68.82 and facing a strong resistance level. It managed to break thorough on the 4th attempt (240 chart) and went up to 72.32 (350 pips). Will price continue to rally?

The chart below shows that price has broken through the resistance line with a large bullish bar but is now the in company of the VI and a RN. Coupled with these items, there are two other confluences, MACD divergence and a candle in the form of a hanging man. You will see that MACD divergence has also formed on the 4 hour chart below. Bearing all this in mind it is possible for the price to have a breather or reverse in the short term before a continuation or rally.



























Loonie
The Loonie on the last post was showing signs of a double top. It in fact continued north closer to a more significant pivot area and then retreated some 500 pips.

Price is now heading towards a support zone, is displaying a reversal candle and is close to a RN. All these signs suggest that if already in the trade, tighten your stops to protect your profit, if not in the trade, keep it on the watchlist for a possible reversal. It is the fourth time that price will now be testing the trendline support (visible on a daily chart) as it gets closer to the RN. Note although we do not necessarily have HHs, we do have LLs each time price does a bounce off the trendline support.














GBPCHF
The daily chart for the GBPCHF shows a nice clear triangle breakout with not too many hurdles before the next resistance level. Is it as good as it looks? A look at a lower timeframe is required I think...














The 240 timeframe shows price at a previous resistance level and a potential double top formation. In addition MACD is diverging and note the proximity to a RN, these may be additional confluences to confirm a reversal albeit temporary. I will wait to see is price breaks through the resistance and apply my ESLT filter to go long or wait for the breather to complete and start following the shorter term trend (to confirm this you may consider looking at the HH and LLs).














Good Trading!
Bijal Shah

AUS breakouts

Good evening forex traders,

The AUDJPY chart is displaying some potential opportunities. Below is the 120 chart showing a triangle formation. Price has tagged the trendline almost 3 times with a potential 4th on the horizon. Price is very close to a RN and also and the last candle we see is a doji.

So what does this all mean?
If price is to continue its recent uptrend, it needs to break through the trendline and the resistance highlighted on the chart below. MACD is showing divergence on numerous timeframes. What this may indicate is that price may retreat and test previous support before actually re-testing the trendline. Patience is key here, await the correct signals before entering. It's better to enter a little later and safely accumulate pips rather than second guess (which btw is very easily done and we have all been there) and be stuck with a trade in the wrong direction due to haste or fear of missing out.














Tonight's second chart is the AUDUSD. Price has broken through the trendline resistance, got to within 2 pips of 70 and then stalled. Again MACD divergence is present in more than one timeframe indicating a possible reversal. Employ the ESLT filters to ensure that you do not get caught out by a FBO should price decide to continue upwards.














Good Trading!
Bijal Shah

AUD 123786?

Good Day Dynamic Traders,

Hope you are enjoying the weekend. We seem to experiencing all the seasons in a day in London.

Today's chart for consideration is the Australian Dollar. Price has rallied since around the 10th of March and hit a Fib reversal area early last week. The reversal candles, RN and MACD divergence are pointing to a possible 123786 formation and price is close to the trendline. Should it break the trendline then there may be a good opportunity to capture some pips. The lower timeframes decorated with S/R/T will provide an entry point and risk level that suits the intestinal fortitude unique to each trader. Do note however, that the next reversal level coincides with strong resistance therefore price may well go to test that level before it decides to continue with the longer term trend.














Good Trading!
Bijal Shah

"Ordinary things consistently done produce extraordinary results."
Keith Cunningham

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Euro & Aussie

Good day Dynamic Traders,

Hope you are having a great trading week. Lots of news items out today so do check before taking on any positions. Apologies for skipping last night's blog, I had issues connecting to the internet.

Today I have 2 pairs drawn from my analysis for discussion on slightly smaller timeframes. The EURUSD is showing fabulous signs of a 123786/886 on the 240 timeframe. Note the confluences; MACD convergence; previous resistance; Fib reversal areas; and of course the old faithful figure which is not far out of reach. The smaller timeframes have identified me with a nice entry position so I all I have to do now is wait patiently for what the market provides and enter the trade mechanically and emotion free.















The next set up is on the Aussie. The 60 minute chart shows a DT in a downtrend. MACD has done its magic and provided us with early warning about what may be about to happen. Again utilise your trendlines and ESLT to enter upon valid confluences as required by your trading plan.

Have a fantastic trading day!

Bijal Shah

Afternoon Review

Good Afternoon Dynamic Traders!

Todays tardy note will review last weeks action whilst discussing a benefit of considering a strategy that incorporates a longer term profit margin, together with possible intraday gain gatherings; many a time utilising the same currency couple.

AUDUSD (x refer BLOG 16 Feb)

This pair dwindled with determination providing a 151 pip profit; a welcome start to the week!

Below is the daily chart for the same.

Although price has reasonably retraced since the flow down hill, the trend remains earthward.

The nearing trend line support, with longer term swing strategy corroboration, offers probabilities for a healthy return.

Discerning Dynamic Traders will consult their hand books for a host of ideas!


AUDUSD daily chart Advanced Get

EURUSD (x refer BLOG 17 Feb)
This pair offered us a spectacle of volatility last week, closing above a sturdy trend line on the daily chart, perhaps promoting some further strength.

Although patiently perceiving a weakening swing trade opportunity with the trend, a smaller time frame may tender a valuable short term barter requiring attentive focus.

The 4 hour chart below shows price perched at a resolute S/R level.

The value index close by, supported by the figure and two momentous fib studies, may suggest a rally towards this region if a conclusive break is witnessed.

Heed Dynamic Traders, bartering against the trend requires careful observation and diligent use of the ESLT.

With this in mind, understand the market often offers profound profit possibilites with a single currency pair across differing time frames!


EURUSD 4 hour chart Advanced Get

GBPJPY (x refer BLOG 18 Feb)
Following fundamental news, this cross provided the market with a staggering 525 pip profit for those who bartered a break out signal!

Informed use of trading rules and ESLT should not have triggered traders into a break down entry.

This cross provided a prime example of market behaviour proving the uniqueness of each moment in the market.

The best traders perceive the market objectively,embracing and accepting risk; unaffected by what will happen next.

Good Trading!

Saba Jackson

The Aussie 'Look Out'

Good Morning Dynamic Traders!

The AUD USD pair cited on the 4th February, has been a watch list entry for some time.

Below is the weekly chart for the same.

Price has been demonstrating a downward assault since July last year.

The bearish flag formation conceded last month is presently approaching a trend support district.

AUDUSD weekly chart Advanced Get

An aggressive view of the daily chart below reveals a similar pattern in play.

Using your toolkit to define further variables, an acceptable entry point may be chosen for a likely swing towards the next price zone.

A moderate stance may wish to anticipate a mechanical AA line up for an alternative profit opportunity.

AUDUSD daily chart Advanced Get

Tip Off

The Swissy subject considered on February 5th and again on Friday is moulding a pleasing 123 886 as I write.

Given it has been re-inforced in last evenings note, Dynamic Traders may wish to consult their analysis screens for a timely market 'open' entry.

Regulate your rules attentively!

Good Trading!

Saba Jackson

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

Streamlining The Aussie

Good Evening Dynamic Traders!

Today's analysis is designed to demonstrate that simplicity often delivers the greatest rewards.

Below is the monthly chart for the AUD USD pair.

The trend reversal in July last year has confirmed the new downward assault.

The bearish flag formation together with the clear breach of the value index reinforces the decline.


AUDUSD monthly chart Advanced Get

The daily chart (below) displays a descending wedge development in play.

Price is currently sealed at a round number.

Following the friendly trend and a break of the support, there is a high probability in favour of price flowing towards the next zero at 0.6, a cool 500 pips away.

Dynamic Traders may wish to open their tool box for a fervent analysis, but do not negate the power of a basic breakdown.

A simple scan of larger time frames can offer great clarity, and can often become the guiding force towards a rewarding trade.

AUDUSD daily chart Advanced Get

Modest Trading!

Saba Jackson

Mind Over Matter

Good Evening Dynamic Traders!

A crucial, (but often overlooked) part of a Traders learning curve is the practice of reviewing analyses.

My personal progress would not have accelerated at such speed without this religious discipline; an art that I still persist with and indeed, share weekly with you.

The objective is certainly not to assess whether the analysis is "right" or "wrong", but rather to determine the presence of an instinctive "edge" given a set of variables.

Once the evaluation is complete, "now moment" traders calculate the risk and pull the trigger with no hesitation, and a carefree state of mind; ultimately trusting their judgment.

This evening I am reviewing last weeks analyses.

Benefits will only be gained if these are cross referenced with the associated historical blogs.

EUR GBP (BLOG 9 Jan)

Below is the daily chart. Price did indeed choose to deliberate for almost a week before resuming the mount to the tune of 400 pips.
Price is currently perched at a noteworthy fib region debating a probable run on the pound.


EURGBP daily chart Advanced Get

AUD USD (Blog 13 Jan)

Those of you who braved the displayed entry opportunity will have bagged a decent 251 pips and the "swingers" may still be holding on.

With the AA's beautifully aligned on the daily chart, the trend is paradoxically building up muscle to weaken further.
Careful entry analysis to be considered for those risking a ride.

CADJPY (Blog 14 Jan)

The "vigil" certainly paid off! The triple bottom bellowed loud and clearly yesterday, thundering down in a mighty swoop to the tune of 240 pips before traders' dread fought back producing a dragonfly doji.
A watch list entry for a convincing break either side of the support.

GBPJPY (Blog 16 Jan)

Below is the daily chart

The rapid retracement after pinching support responded by price collapsing an almighty 980 pips, bursting through the horizontal into baron land.

Dynamic traders will need to credit their sub-chart studies and on-screen compasses to determine a likely direction.


GBPJPY daily chart Advanced Get

An overwhelming level of confidence will be acquired if Dynamic traders comprehensively review time worthy analysis.
More often than not, your evaluation will surely have measured the trend with ease, leaving only the matter of the mind.

By making yourself available to the "opportunity flow" and subsequently seizing the trade, prime profits will be realised.

My next note will be on Monday.

Prepared Trading!

Saba Jackson

A Flagging Aussie!

Good Morning Dynamic Traders!

This morning witnessed explosive action which may have been caught by the early birds amongst you!
One of the many pairs that enjoyed the vigour is the AUD USD.

After last evenings webinar, "trends" should be at the very fore front of your mind.

The monthly chart proves that this pair is relishing a forceful down trend since July 2008 ,having demonstrated an unchallenged uphill stride for almost seven years!

Below is the weekly chart for the same.

Notice a "textbook" bearish flag formation recently completed by the candlestick cue and a critical fib cluster.

Clever Dynamic Traders will grab a quick glance at the AA ma's and may be ready to pounce on a likely alignment.


AUDUSD weekly chart Advanced Get

The daily chart (below) displays this recent retracement with more clarity.

Price has beautifully bounded off the breather zone, heading back down under!
The aggressive traders amongst you may well already have seized the opportunity.

But the market always offers zones for entry!
Heed the current price point which is seated at a crucial support fib.

An additional opening for a conservative stance may be on the cards provided ESLT is engaged diligently.


AUDUSD daily chart Advanced Get

Fun Trading!

Saba Jackson

Aussie & Swissy trade management

Good evening traders,

Tonight I have picked the AUDUSD & Swissy charts to discuss.

The AUDUSD has been climbing up slowly and today has tagged a previous resistance. However, there is divergence on multiple timeframes so its worth managing your position if you are already in it or awaiting a pullback for a good entry position. Note the RN also has its part to play here as it is in close proximity to current price action.

The Swissy is also in a similar (albeit) opposite position where it has reached strong support on the downtrend. Again signs a strong for price continuing south, however it has made a large move today and convergences appear on multiple timeframes so a breather or pullback can be expected.

Good Trading

Bijal Shah

Jack Of All Trades, Master Of None

Good Morning Dynamic Traders!

Having had the privilege to contribute to this website for just over a fortnight, you will have noticed
that my focus has been on no more than four or five currency pairs / cross currencies.

Within this modest choice, I have spotted infinite trading opportunities, which have been compounded by the intensely volatile movements in the market.

Recall from your recent mentoring programme - the key to successful trading lies in consistency.
I achieved this consistency by focusing on a small selection of currencies, very carefully chosen strategies and then repeating the pattern, time and time again.

Discover your trading personality, develop your trading plan, and become a "master" of one.

Below is the 60 minute chart for the AUDUSD.
Having demonstrated a significant downward march last Friday to the figure, price has now paused for a breather.

The weekly and daily time frames suggest that although the pace of decline may be slowing down, further feebleness may be found.

Momentum may be now building to charge back towards the figure and possibly reach out further to the next support and fib level close by.


AUDUSD 60 minute chart Advanced Get

Enjoy a commanding trading day!

Saba Jackson

Swing Lower,Sweet Aussie

Good Morning Dynamic Traders!

The AUD has also been subject to a price crash in light of attempts to restore the value of the Greenback.
Below is the daily chart for the AUDUSD.

We have seen this downtrend since July this year. Price is presently perched at a support area and a cluster with a wave 3 fib level.

The XTL clarifies that strength is still heading down. We may see a small retracement towards 0.68 before the journey resumes to the next support and the figure 0.6 thereafter.

Conduct your own studies to ensure the presence of a confluence of events.
The techniques acquired in the recent mentoring webinars will stand you in good stead to view the"bigger picture" and time your entry and exits diligently.

It is always worth considering your positions prior to the Friday close.

The switch to GMT this Sunday is a reminder to change the "daily pivot" study accordingly.


AUDUSD daily chart Advanced Get

My next update will be on Monday afternoon.

Enjoy the weekend!

Saba Jackson

Possible Double bottom

Good evening Dynamic Traders,

Hope you've all had another fabolous weekend, the fun begins again with another fun week of trading.

I was just having a quick scan of my charts for potential set ups this coming week. The AUDUSD is one to keep an eye on. We've got a potential double bottom with MACD convergence at the figure 0.7700. Now all we need to do is wait for a confirmation to enter this trade. Note the overall longer term trend is up but the recent trend has been down so we do want a good entry point so we have minimal risk and high probability of success.
















AUDUSD forex chart from Advanced Get
Good trading

AUD Long position - Break even

Good afternoon Dynamic Traders,

I woke up at 4am this morning as usual to do my morning analysis before I head out to work. One of the pairs I looked at was the AUDUSD which I mentioned yesterday.
It broke through the psychological support of 0.8000 and moved down to 0.7900 where on the hourly chart we had a candle stick reversal at a 786. I went straight into this trade with my stop 25 pips below the low to give it some breathing space. Since then my 1st position has been exited and my 2nd position is just beyond break even so I'm gaurenteed a small profit on this pair. Now I will just manage this trade by adjusting my stops as the market moves up unless I get stopped out.















AUDUSD forex chart from Advanced Get
Good trading

AUD pullback

Good evening Dynamic Traders,

welcome to another week of successful trading.

I hope you all had a great weekend. It was my sisters wedding over this weekend and for those of you who have never been to an Indian wedding it was held over a few days so I've been non stop on the go.

After the last 5 trading days of sideways movement the USDCAD has stopped me out for a total of a 410 pip profit. I 'm still keeping an eye on this pair for a BOB.

I mentioned the AUDUSD a little while back as it had a good BOB of a trend line but now we've had our first pullback which is near the 50% and the figure 0.8000. I'm now looking for a good entry point for a potential long trade but I'm also going to make sure I have a good confluence of events. I will be checking this pair tomorrow morning as it has already moved more than my preference of its daily range.

AUDUSD forex chart from Advanced Get
Good trading

Trendline Support

Morning Dynamic Traders,

Looking at the Australian Dollar US Dollar daily chart below we can see we have a trendline support. In addition we have a fib reversal zone as well so watch this for a possible bounce. We want to see a bounce above 1.9640 for a bullish confirmation. If we have a breakdown then we could see further move down towards the areas identified as support.


Advanced Get daily chart. Data supplied by eSignal.

The Dollar sank again yesterday renewing the US financial concerns. The currency markets is looking for a direction at the moment so for short term traders this is a frustrating time. The USD is limited to a tight range keeping many professional traders on the sidelines. A Dynamic Trader has to have patience and this is the key.

Dynamic Traders don't chase trades and stand aside until the time is right to enter. Right now many scalpers and day traders will be losing money on the Euro Dollar as it is choppy intraday
and they have a necessity to trade.

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Forex Analyst
Javid Shaik