Resuming Trends?

Hello traders,

We covered many opportunities on the last members only webinar and some of them have entered us into trades. Below I have listed some recent positions we have open.

GBPAUD
CADCHF
USDTRY
USDDKK
EURSEK
EURCAD
USDCAD
GBPCHF

The above positions are currently running 1200 pips and being managed accordingly. We also have orders yet to open on other positions which have yet to trigger.




Chart courtesy of Advanced Get. Data provided by eSignal.

We had another Power Bar on GBPCHF today which provided another good profit today.

We are intrested in GBPCAD and have it on our watchlist. As per John's forex update, we can see Get Stochastics is showing strength down so we are waiting for the right set up prior to the entry.

See you on the next members only webinar.

Javid Shaik
Dynamic Trader

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