Dow Jones

Good Evening Dynamic Traders,

Tonight's chart for review is the Dow Jones. Below are the weekly and daily charts.

The index has been in a recent trend up. Price is at the VI with some resistance and trendline support. MACD is showing divergence on both timeframes, on the daily chart long term and shorter term divergence is apparent. In addition, a Fib reversal level is not too far. Will price break through the resistances and continue up or will it retreat albeit temporarily until the buyers gain momentum?


























Good Trading!
Bijal Shah

The Daily Dow

Hi Dynamic Traders

This trading week seems to have flown by! I hope you've all managed to gain some good profits on your trades.

I've decided to take a look at the Dow Jones today. Keeping an eye on the indices obviously plays an important part in trading as the sentiment of the markets and the overall economy would certainly have an influence on forex markets too.

Earlier this year we saw the Dow hit a low point at approx 6500 - we hadn't seen levels like this since 1997. Since then price has steadily been on the up. The VI was previously acting as resistance and in July we saw a break above the VI resulting in strengthened continuation on the upside.

We're now at an important point on this chart. As you can see price is sitting in a resistance zone and in addition to this we have the big RN close above and MACD signal lines are also showing divergence. As price is squeezing between the TL and the R zone, it will inevitably be forced to decide on its direction. Will it continue with strength and breakthrough the zone or will the psychological barrier of the 10,000 mark prove too strong for the buyers? It would be very useful to analyse HTF's at this critical and vulnerable point on the chart and see if any further light can be shed.
















Be prepared for whatever the market decides to do! Please carry out your own analysis.

Have a fantastic day and trade with passion.

Sonia Molina

The Dow Daily

Good Evening Dynamic Traders!

Following last weeks news burden market, extending a position outside it, may indeed have been a wise choice.

The relative 'reporting serenity' this week, should promise some fruitful gain.

Pre-occupied with profit opportunities by the forex market, the Dow Index has been sadly neglected in recent notes.

Having witnessed a twelve year low earlier this year, price has since been exhibiting a steady upward mount, shrieking for recognition by the watch list!

Below is the daily chart for this Index.

Mark the significant confluence of events emitting before you!

A clinch of the value index last Friday is vigorously supported by a 123,886 formation in close proximity to a mighty zero and horizontal belt; forming a righteous resistance against the current trend.

Adding to this cluster is the value index compliance on the monthly chart.

Indeed, price has failed to successfully challenge this obstruction since May last year.

We may observe a likely retreat in the near future, after which momentum may pick up once again.

A super break out or break down opportunity is upon the vigilant trader, who will watch..... and wait.... before pouncing upon a profitable barter!

Dow Jones daily chart Advanced Get

Tasty Trading!

Saba Jackson

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

A Sign Of The Times

Good Morning Dynamic Traders!

The Dow Jones has attained a momentous break through!

Below is the monthly chart for this index.

Price burst through the value index in January, hurtling down through a steadfast support in endorsement last month.

Submerging below this average for the very first time, confirms the technical weakness of the economy; a sign of the times!

Sub chart indicators all commit to this vulnerability, with Fib studies evidencing a possible price platform.

Indeed, a special sub chart signal also confirms that brakes may be applied in the near future.


Dow Jones monthly chart Advanced Get

A closer look at the daily chart (below) evidences entry into a new price zone.

This region was last upheld in 1997, another tumultuous recessive period.

Mark the mob, wave and fib triple cluster, close by the figure, declaring a possible support beacon.

This brace is a cool 400 pips away, signalling a prime opportunity for a savvy Trader!

Utilising your tool box over smaller time frames, may furnish you with a prime opportunity to pocket these pips and enjoy a fabulous start to Spring!


Dow Jones daily chart Advanced Get

Timely Trading!

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

A Sunday Study

Good Evening Dynamic Traders!

Having broken into 2009 with explosive volatility, February looks set to start in similar fashion!

A review of recent pairs may proffer varied opportunities for the week.

USDJPY (x ref BLOG 19 Jan)

This choice pair continues to observe analysis, tumbling another 353 pips to re-test a momentous support, before retracing to rest within a fib region!

Felicitations to the Dynamic Riders!

Although the weekly chart persists to threaten an impending reversal, we may, once again, spy another bold run towards the low, forming a triple bottom, should signals permit.

Below is the daily chart.

The trend is clearly tailored downward. Swing traders may wish to wait for a break of the support before joining the journey for further gain.

The 123,786 in view, may entice an aggressive stance for a flow beyond the trend line break, with a judicious ESLT in place.

USDJPY daily chart Advanced Get

Dow Jones (x ref BLOG 21 Jan)

Below is the daily chart.

Price veered away from the horizontal last week, but has again fought its way back down towards the support, seated at a trend line brace and a zero figure.

A swing stance for this erratic index instructs me to attend a break of these buttresses.

Assuming this, revenues may be within reach, as price burrows towards the support zones at 7800 to 7500.


Dow Jones daily chart Advanced Get

EURUSD (x ref BLOG 27Jan)

Below is the daily chart.

No sooner was the previous note posted, price plummeted by 350 pips providing pleasing profits for Dynamic Traders who enjoy this pair.

Beady eyes should remain on the AA which has almost ripened pending the agreement of a special sub chart study.

We may find a long term "swing" in play if a breach of last weeks support is confirmed.


EURUSD daily chart Advanced Get

With the myriad of news items due this opening week, Dynamic Traders should employ their risk management rules religiously in each case.

The next update will be on Tuesday.

Dynamic Trading!

Saba Jackson

Dow Jones Revisited

Good Afternoon Dynamic Traders!

I have chosen to assess the Dow Jones today.

The monthly chart has been down trending since October 2007 with sub chart indicators signalling sturdy weakness.

Below is the daily chart for the same.

A canvas of consolidation has been persisting for some months.

Price is now resting at a "zero" together with two clear support clusters.
The BB also reveal volatility close by.

Should price break the horizontal, confirmed by the BOB rules, we are likely to mark the trend trail continue into the next zone, towards a hardy support and figure flock.

This index can be unpredictable; be sure to utilise your ESLT wisely.


Dow Jones daily chart Advanced Get

Good Trading!

Saba Jackson

Christmas Cheer!

Good Morning Dynamic Traders!

Being a Friday and indeed the last one before Christmas, my rulebook requests that I refrain from initialising new trading positions.

In fact, those of you who regularly follow my blogs, will be aware that I habitually re-examine trades each Friday.

Dow Jones review
This index conducted itself well yesterday, producing almost 220 pips profit. (yesterdays BLOG).

Hearty Christmas Cheers to those of you who favoured the opportunity!

Another peep at the daily chart reveals that price tagged a firm horizontal and figure cluster yesterday, closing play by retracing to a tidy trend support line.

Below is the 4 hour chart.

On further scrutiny, it appears that price may wish to re-test last evenings low and set upon a noteworthy fib reversal area.
Canny Dynamic Traders will also note the proximity of the Chicago ema's to one another!

Should the smaller time frames permit a probable entry opportunity, another 200 pips may be captured before the end of the day.


Dow Jones 4 hour chart Advanced Get

USD JPY Review
Below is the daily chart

Price did indeed weaken further, prominently testing a long term support level. (BLOG 17 December) As expected, yesterdays convincing tram track confirmed traders dread of unknown territory with price bouncing back to a safe haven.

I will be eagerly watching this pair for a persuasive break of the horizontal.


USDJPY daily chart Advanced Get

The next fortnight is an excellent chance for Dynamic Traders to review, revise and reflect on this years mentoring programme.

The webinar series is crammed with invaluable classified information which can only continue to amplify and accelerate your trading progress and success.

With 2009 promising to offer further rewards from our dynamic mentors', discerning traders will make intelligent use of the coming break.

I wish all the readers, my fellow contributors and Javid and Anne, a very Merry Christmas and a flourishing New Year!

Saba Jackson

A Dow "Day" Deal

Good Morning Dynamic Traders!

A glance at the Dow Jones may have revealed a potential profit opportunity for the day.

Although we have witnessed a sturdy downtrend since October 2007, the weekly chart clearly confirms that price has arrived at a support band fortified by the zero figure and wave 3 fib cluster.

The daily chart (below) clearly displays the same hesitancy as price oscillates in a range bound manner.
Price is deliberating a trend line resistance while the triangle's grip is pressurising an imminent response.

Dow Jones daily chart Advanced Get

A closer look at the 4 hour chart below presents some clarity.

The 1 2 3 top formation at a primary fib level may evidence price vulnerability for some short term profit.

Further confirmation must be sought from the lesser time frames to determine the stamina of this set up and a suitable entry point.

Prudent ESLT is essential.

Dow Jones 4 hour chart Advanced Get

Judicous Trading!

Saba Jackson

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

Keeping up with the Jones' (or not as the case may be)

Buongiorno Dynamic Traders,

Welcome to Thursday's analysis, it means for most people the weekend is close by (yea) but for currency traders the markets are soon to close (boo).

The EURCAD (mentioned on Monday) has persisted and managed to break through the resistance level which it was finding difficult to penetrate for the last few days. It has gone towards the 618 level, close to the figure and is having a breather. MACD divergence is apparent, this will still remain on my watchlist to enter when the time is right.
The CHFJPY mentioned on Sunday's post has broken down today and provided nice profits, I am now managing my second position.

Dow Jones

The DJI finished 427 points lower today.
I have shown the monthly, daily and 240 timeframes below. The monthly shows price has hit a key Fib reversal level. MACD is showing strength to the downside so in the longer term there may be further weakness to follow.














On the daily chart the support level and the figure at the 8000 level will act as key support for price. Opportunity lies when there is a definitive break of this level and ESLT with BOB can be used for a good entry.

The 240 chart however shows MACD convergence. Given that price is coming down to retest this psychological level we may see a pullback before we see the BOB.

Happy Trading

Bijal Shah

Read Anne's forex blog here

Read FXCPS.co.uk forex blog here


"Your worth consists in what you are and not in what you have."

Thomas A. Edison

"I have never developed indigestion from eating my words."

Winston Churchill

Musketeers - On Guard!

Good Morning Dynamic Traders!

The cable decisively crashed yesterday assisted by news from Governor King and the Inflation report.

Dynamic Traders will be aware of the uniform traits of our "Three Musketeers".
One of these has been the subject of impelling "blog" gossip last week (BLOG 5 Nov) and keen traders should be ready to strike!

Below is the the daily chart for the EURUSD.

Following the footsteps of its sibling, price is eager to offend the nearby support level. This is confirmed by yesterdays "hammer" formation and a milder Elliot wave signal on a smaller time frame. Assuming a support violation, price may be engaged to head towards 1.2 and possibly 1.1 thereafter.

Your UK opening analysis should offer you a timely entry with textbook ESLT techniques.

EURUSD daily chart Advanced Get


Dow Deviation

This Monday's "blog" produced a plentiful profit yesterday for those of you who embraced the opportunity.

Below is the daily chart for the Dow Industrial once again.

A closer look will offer Dynamic Traders a super Double D scaling in and entry opportunity.

By following our mentors "rulebook", further pickings may be poached today!


Dow Jones daily chart Advanced Get

Due to technical constraints, I was unfortunately unable to post my daily records for Tuesday and Wednesday. Indeed, due to planned commitments, I will be out of the market until 1st December and again from the 6th -14th December. My posts will resume as usual thereafter.

I would like to take this opportunity to graciously "thank" the many of you who have contacted Javid, expressing your appreciation of the write-ups. Besides giving me enormous pleasure to hear that you are benefitting from these publications, without this accountability to you, the reader, my own trading progress would not have accelerated at such a vast pace. I am sincerely indebted to you for this support.
It only remains for me to express my recognition to Javid and Anne, without whom, this journey we are all advancing through, would not have been possible.

Grateful trading!

Saba Jackson

Dow Doldrums

Good Morning Dynamic Traders!

I have been asked to conduct an analysis on the Dow, an index I will soon incorporate within my trading basket during successive weeks.

The monthly chart exhibits a clear downtrend since October last year. Last month alone displayed a huge drop in price, while technical analysis promises further weakness.

Below is the daily chart for the Dow 30.

Price is currently oscillating within a triangle, forcing a decisive move in the near future. Because the trend is our friend, discerning Dynamic Traders will only speculate this law if a significant support is breached.

This being the case, we may see price dwindle towards 7500, supported by at least two other study clusters.

With a tolerant attitude, a lucrative trade can be lavished!


Dow Jones daily chart Advanced Get

Dynamic Trading!

Saba Jackson

8 Positions & 350 Pips

Good afternoon dynamic traders.

Those of you on the recent Dynamic Trader webinar saw my 3D strategy and since then Anne and I have had many emails thanking us for sharing this with you. We both really appreciate your kind words and thank you all for taking the time out to write to us.

I just wanted to give you a brief update on Adrian who emailed me with his trades using 3D which he decided to implement almost immediately. Today Adrain has taken 8 positions. 1 has broken even, 4 are closed with profits between 40-50 pips each and 3 are still running with profits. In total using 3D Adrian has accumulated a profit of 350 pips. Well done Adrian and congratulations on a good days forex trading.

We look forward to hearing some more success from the rest of you who attended the Dynamic Trader webinar.

I also know some of you who referred to my Dow analysis have gained quite some profit. Congratulations to you all as well.

Good dynamic trading...

Javid Shaik
Forex Analyst

Dow Could Bounce

Hello Dynamic Traders.

I am updating my forex blog on Sunday afternoon whilst doing my technical analysis in preparation for the week ahead.

In this economic crisis, last week saw some major down moves on the market and the saying the trend is your friend would lead everyone to continue shorting but I think we might see a bounce this week. A bounce is of course going against the trend not to mention the excess volatility we have witnessed recently and as a result would be a high risk position to take.

Below I have added a monthly chart of the Dow Jones 30. Note the support levels, the 200 moving average and the figure.




Dow Jones (Monthly) Advanced Get Chart

Below is the daily chart of the Dow Jones 30 and you will note the reversal candle. It is also in close proximity to the fib reversal 886 point.



Dow Jones (Daily) Advanced Get Chart

Lastly I have added the S&P 500 daily chart below and again the figure and candlestick reversal shows encouraging reasons for a bounce. Again, we have close proximity to 886 fibonacci.



S&P 500 Advanced Get (Daily) Chart

Don't get me wrong, I still see the markets heading further south unless we have good technical analysis showing otherwise but a bounce looks forth coming.

Right now a lack of trust and fear seems to be a catalyst to the panic we have seen in the markets.

We will have to wait and see if the Governments packages have a positive effect on the markets short term and long term.

I wish you all good dynamic trading...

Javid Shaik
Forex Analyst