Further Gains

Morning Dynamic Traders,

Further to our recent members only webinars, we have managed to accumulate more profits on the trades we discussed. We had a good end to yesterdays trading and a very good start to todays trading.

Most of the Dynamic Trader members will have gained 1000's of pips from the begining of 2010 based on our strategies and are now looking for more opportunities. Remember, patience is key to trading. It is easy to feel invicible when so many trades have done so well but part of the reason they had done well in the first place is we used patience in addition to our good set ups for entry.

The Euro Dollar is in a range and not doing anything at all which is making it very boring at the momnent. However, the Pound Dollar is on the move today so this is a better bet for trading.

Further to the update regarding the GBPCHF, Sonia is absolutley right not to second guess what could happen so we will go through the facts and analyse this cross on the next members webinar.

We are off to Europe to the open roads so we can hear the rumble of our Aston Martin DBS. It is a very beautiful looking and sounding car but unfortunately the sound is muted due to speed limitations.

Euro Dilly Dally

Morning dynamic traders,

I would like to congratulate the trading room members. From our last members only webinar, it seems more than originally thought have pocketed profits. In fact, all our forex trades have managed wins except the Euro.

Since we entered the Euro it has dipped in and out of profit and this indecision is based on the bulls and bears unsure of which direction to take. We beleive the Euro Dollar has more weakness ahead but we could see consolidation or a pullback before that happens.

Overnight we have more profits added to our trading accounts from some of the trades (not the Euro) we discussed on the last webinar and previous webinars. In fact, from the beginning of the year our forex trades have accumulated very good profits. As previously mentioned, it is easy to get a feeling of invicibility when so many trades do so well but it is very important to follow our rules at all times but especially when so many trades are in so much profit.

John Maher has indicted some of his trades. You can view some of his current forex positions here.

Good trading for the week ahead dynamic traders.

Javid Shaik
Dynamic Trader

EUR & Swissy

Dear Dynamic Traders,

Hope you are enjoying your weekend. The Euro has provided nice profits and is continuing with the flag pattern. That said, the weekly is showing price approaching the value index and a Fib breather level. This should be incorporated into your trade management as appropriate.















I mentioned the Swissy chart last week and a potential double top. Price has been dominated by the bulls and has not only broken through previous resistance but also the value index showing strength to the upside. If price has changed direction, and you are not in the trade, a pullback or retest of the resistance turned support may provide a good opportunity to enter.














Good Trading!
Bijal Shah

Euro

Good Day Dynamic Traders,

Hope you have all had a good week. Apologies for not putting up a blog this week.

I have been eyeing up the Euro and it has been some days as you can see the consolidation. After a nice long run up price found resistance at the figure and has taken a fairly steep dive down. Having found support at the value index it has consolidated and the pullback has been at a Fib breather level. We don't know if the established trend has changed direction, however, there is a possibility of a bearish flag given some of the things I just mentioned and the chart itself. In order to take opportunity of this should it happen, I will be looking to enter at the break of the low with a possible equivalent move down of the first leg.















Good Trading!
Bijal Shah

Weekly update

EURGBP mentioned on Wednesday's post has moved a little further south, no real indications of a change in trend or immediate pullback.

EURO
The trendline support has so far held the price on the north side. Not much to report on this one apart from wait and see, further potential entries may be available once price decides what to do.

AUDCAD
This pair did a 1 to 1 and general signs still look bullish although a short term pullback may be witnessed.

EURJPY
The EURJPY pair did not provide us with a break out however, it did breakdown and has moved some 600 pips south. It is now at the value index where it may find support and bounce back or the sellers may be more dominant and push price down further.

Swissy
The Swissy did a pullback as per the blog and moved up a couple of hundred pips. The trend is down so one would expect that may resume, however it has not yet been confirmed. Pause until you get the right signals to re-enter.

As the markets are making up their mind we may see some good set ups coming up in the next days. However, do note that Friday is NFP so the activity may be more unusual rather than the trend.

Good Trading!
Bijal Shah

EURGBP flag?

Good Evening Dynamic Traders,

An interesting day in the markets, there have been some large movements on today's bar on most of the major pairs. There has been a good amount of high impact news which may have quite possibly contributed to the moves.

Below is the EURGBP chart which looks like it may potentially be doing a two legged extension. Price made a move down, did a pullback to a Fib breather level and then continued down. A BOB has been produced today which may continue towards the support and possibly the value index. Fib tools can be employed to work out the distance of the move.














The Euro has reached a trendline support with today's move. Price has been in an uptrend for some time now, will it find support at the trendline or will it bounce back up? The smart money will wait for confirmation to rejoin the trend.














Good Trading!
Bijal Shah

EUR bullish flag?

Good Morning Dynamic Traders

Let's check in on the EUR as mentioned last week by myself and Bijal. Since the last update we've seen price pierce into the resistance zone with a FBO and is now doing a pullback/breather. Price is obviously having a hard time breaking through this cluster of resistance. But we may well see another attempt soon. Price has tagged a fib breather level and although still early in the trading day, today is forming a bullish candle . Price is now being squeezed between the strong TL support and the R zone above - so it will soon have to make a decision either way!

















Remember the trend is our friend and should we have a bullish flag formation, this may well suggest a continuation of the rally. But this flag wouldn't be confirmed until we break the recent high and ideally have a BOB beyond the R zone.

Some of you may already be in this trade and patience is key. Price will always have these pullbacks and as Dynamic Traders you know that consistency and success comes from planning your trade and trading your plan!

Here's to great trading.

Sonia Molina

SGD and EUR

Evening Dynamic Traders!

After a relatively quiet day in the markets yesterday we saw some nice price movement today.

Let's take a quick look at my post from last night on the SGD. I mentioned that price was having a breather after a BOB but it wasn't yet clear how far that breather would go. Today we have a bearish engulfing candle, although this doesn't yet confirm the end of the pullback, as we haven't quite broken the low. As you can see, price is now contending with a support area coupled with the RN. So will the sellers continue to step in tomorrow for this S cluster to be broken? Let's wait and see.
















Also, let's take a glance at the EUR. Bijal had mentioned this a couple of days ago and I just wanted to update you with today's action. You can see we have a nice bullish candle today, moving around 150 pips. Price has pierced into the R Zone. Whether price will continue on up with the current trend is yet to be revealed. The MACD signal lines suggest we may still have some momentum in the move, but of course being SM we will be patiently awaiting, certainly for it to clear the fuzzy, uncertain R territory. Remember we have the figure looming above and as Bijal had mentioned there is also divergence on the higher timeframe - so if the rally were to continue it may be short lived before facing another road block.
















Have a super evening!

Sonia Molina

Euro review

Dear Dynamic Traders,

Hope you are having a fantastic weekend.

I have chosen to discuss the EURO today and update on the EURGBP.

The Euro has been strengthening of late after a period of consolidation. Price has tagged a previous resistance level and is in proximity of a RN. MACD is showing divergence on a longer and shorter term basis. In addition price is not far from a significant resistance level. The question is will it continue to rally? There is nothing to say that it won't continue, although a pullback may be witnessed in the interim due to all the confluences mentioned above. If already in the trade, good management with tighter stops is suggested.














The next chart is the EURGBP which I mentioned last Tuesday. Price has continued its journey up in a steady manner producing some nice profits and is now facing a resistance zone. Having just tackled a significant RN the buyers in the market are showing strength and there are no other confluences at this stage that suggest that it will stop its journey. That said, no one knows what will happen next and the smart money would not second guess. Therefore, as always manage your trade and if the price continues there may be an opportunity for those that are not in the trade to enter it once the resistance zone has cleared.














I will be unable to post any blogs for the next two weeks, however, you will still have the insightful blogs from Sonia and from fellow bloggers on the the member sites to help your trading.


Good Trading!
Bijal Shah

Break out for Euro and Swissy

Good Evening Dynamic Traders,

Today has seen price break previous resistance and support for the Euro and Swissy respectively (charts posted below) after a period of consolidation. What remains to be determined is whether this is a true breakout or not. Price on both charts has broken in the direction of the major trend, and for those with ESLT tools will be able to employ them and have some protection if the momentum does not continue.

Good Trading!
Bijal Shah

Million Pound Homes

Good morning dynamic traders,

I wanted to do an update early today but instead we have spent the morning looking around one of the most exclusive areas in the country. Homes from a starting price of $4m and we even had a glance at a £12m house which was out of this world. Going back to look further next week.

So, what has happened on the markets. Well, the EURUSD and GBPUSD climbed it's way up yesterday and so far today the GBPUSD has given back half it's gains. The Euro is some what undecided at present.

The USDCAD moved further down yesterday and is in negative territory today too.

The Dow and S&P 500 are in proximity of resistance so watching these indices short term will be interesting. Will a breakout occur? If so will it be false? We shall have to wait and see I think.

A quick word onFinn, a new trader from the beginning of this year. Finn's trading seems to be going very well by making a profit on all of his first positions. Congratulations and well done Finn.

We have received a few emails from the members and would like to say thank you for them regarding the trades taken and the big profits accumulated.


Good trading.


Javid Shaik
Forex Analyst

Euro Solace

Good Evening Dynamic Traders!

Further to our mentor's analysis on Monday, price action obliged beautifully with major pairs resuming the favoured trend!

Traders trusting the canny call, should have plucked the plentiful pips with relative ease.

Below is the daily chart for one of these recognised pairs. (x refer blog 30 May)

The current upward climb is securely supported by the displayed trend line.

Following the bullish breather, price produced a 200 pip rally reward, but has scrambled back for safety today, comfortably seated on the fence from whence it clambered, clustered with the figure!

The current position may be viewed as another opportunity to "buy the dip".

Indeed, a nearby target is clearly within view, supported by a number of sources providing a pleasing confluence of events!

Yet, beware the Yankee tidings tomorrow, which may blunder the sound signals upon us.

Determined traders may wish to employ an aggressive position, requiring stringent risk management.

An alternative solution could beckon an intensely conservative stance, paradoxically minimising the threat of a 'blow-out'!

Clearly, not for the faint- hearted!


EURUSD daily chart Advanced Get

Tailored Trading!

Saba Jackson

A Worthy Review

Good Afternoon Dynamic Traders!

Scrutinising the trading journal is an essential part of a consistent traders routine.

I shall commence with the CADJPY (x refer blog10 May)

Price is indisputably proving its up hill stride since the start of the year.

Following the triumph of the value index, the 'U' turn, confirming traders' dread, reared its predictive head, cascading perfectly to its breathing point, before resuming the trend to mark the expected figure.

Below is the weekly chart for this cross.

The supply of resistances on show may permit some remaining strength, although the long term trend line may be promising continued weakness in the making.

Your personal trading style will permit an entry on a chosen course, even savouring a barter, both long and short (at the appropriate times), more so for savvy Dynamic traders who act promptly and with complete confidence in the nature of market movement.


CADJPY weekly chart Advanced Get

EUR USD (x refer blog 18 May)

Breaking technical insight, this pair proved its potency by striding forth to the tune of 600 pips.

A healthy slice of these will have been handed to the trader who employed a break out barter!

This undeniable trend strength may now be instrumentally measured with discerning traders, (eager to jump in) awaiting an opportune 'dip' purchase.

USD CAD (x refer blog 14 May)

This trendy pair is playing beautifully into the hands of the Dynamic Trader!

Following the previous note, price found its favoured breather break and has plummeted profusely!

Those 'swinging' along with this rally sale, will now be 850 pips in profit!

The daily chart below signals a sturdy support in close proximity after the breach of the long term brace.

Market behaviour may predict a retracement close by, perhaps even scrambling back to the trend for safety.

Utilise your toolkit gadgets to determine the likely ensuing movement, remembering the nature of the friendly trend.

Alternatively, pluck a favoured strategy from your basket and go with the flow.


USDCAD daily chart Advanced Get


GBP JPY (x refer blog 20 May)

This is a perfect example of patience promoting very desirable pickings!

Following the last note, price entered the resistance belt confirming the true trend, and perfectly pierced our chosen target with a spin top display by close of business.

Those who employed a break out play, will have reaped a healthy 250 pip profit.

The short term trend is clearly northward, but mark the fortified resistance in the value index, which may force price vulnerability in the near future.

A watch list entry with both eyes peeled for a certain profit warning!

Dynamic Traders..... by dissolving a "big trade" mentality and breeding "slow and steady" play, plucking tiny pips here and there, will not only result in a steadily rising equity curve, but will breathe confidence and trust into your minds; one of the few essential ingredients towards...

Successful Trading.

Saba Jackson

The United Euro

Good Afternoon Dynamic Traders!

Todays focus is on the favoured EUR USD pair.

Below is the weekly chart for this pair.

The major trend is clearly earthward.

The interesting event on view is the assembly of on-chart indicators, currently deliberating direction.

Take a careful note of the confluence of events on display.

EURUSD weekly chart Advanced Get

The daily chart (below) may offer a guiding hand.

Heed the value index behaving in unison with its bigger brother!

Last weeks 123,886 formation, together with the explicit DT pattern (fortified by the down trend)
may promote strength towards further vulnerability.

Indeed, the horizontal support on display, may offer a conservative entry opportunity with diligent use of ESLT.

Astute Dynamic Traders will define these tips objectively, from the markets' perspective, comprehending that these probabilities simply define an 'edge'......... comfortable in the knowledge that only an uncertain outcome will prevail.

Beware of news items tomorrow morning that may directly affect this pair!

EURUSD daily chart Advanced Get

Rigid Trading!

Euro & AUDJPY revisited

Good Evening Dynamic Traders,

Hope you got some well deserved fun and rest this weekend. I have decided to revisit the Euro and AUDJPY tonight. As it's Sunday evening the data is not streaming properly and therefore please ignore the last bar.

There were several posts on the Euro last week from myself and my learned fellow bloggers. Below are the weekly and daily charts.

You will note from the chart that price has broken through the value index successfully on both the weekly and daily charts. It has also broken through a trendline and has tagged a more longer term trendline. With such bullish signals why not go long?















Note on the daily chart below, price is approaching a previous resistance which could also prove to be a double top. In addition there is the trendline which will act as resistance. If price breaks through both of these then a rally may be witnessed. Watch this chart over the next days and be open to an opportunity should it present itself.














AUDJPY

My last post on this pair was last Sunday. It appeared to show signs of a reversal with a potential 123886. However price did not concede and continued bullishly upwards.

I have posted both the weekly and daily charts for a fuller picture. Price has broken through the near term resistances and is looking fairly good for a continuation. On the shorter timeframe (4 hour) however, MACD is showing fairly strong divergence which is something to be mindful of should your confluences suggest you should trade this currency pair.



























Good Trading!
Bijal Shah

A Nimble Review and a Timely Cross

Good Evening Dynamic Traders!

Following the fever of last weeks movement, the coming one also promises prime pickings with the array of strategies screaming for attention.

Below is the daily chart for the CADJPY cross.

Price has been escalating uniformly since January this year succeeding a lengthy period of weakness.

Note the established break of the value index, followed by a close above the horizontal last Friday.

The on-chart display confirms prevailing strength, fortified by the seductive resistances on the horizon.

Further analysis does confirm this courage, although a simpler stance is staring Dynamic Traders in the eye, the keenest of whom will be sure to succumb!

With the probabilities in your favour and a stringent risk management regime in place, surrender your trade to the market and allow the collective consciousness to choose its' direction.


CADJPY daily chart Advanced Get

Blog Review

NZDUSD (x refer blog 6 May)

Abiding by the analysis, price surged through the value index, piercing the zero, before close of play restricted further force.

Those who favoured this pair may have pocketed up to 200 pips. A pleasing end to the week!

The Kiwi is approaching a horizontal, which may offer some resistance before a likely bullish stance is resumed.

EURUSD (x refer blog 5 May)

Negating Fridays huge movement supported by NFP news, this pair proffered a decent 100 pips for those who took this barter!

Dynamic Traders who may have left runners open and brave enough to play out the NFP day , will have profited by a further 180 pips!

An excellent end to the week!

The Euro may yet have some steam to show off, but bear in mind the nature of market movement after a scrambling rally as witnessed on Friday.

Blazing Trading!

Saba Jackson

Plucking Pips

Good Afternoon Dynamic Traders!

Proceeding the long weekend and entering the month of May, we are promised vast volatility with the news riddled pages this week!

Those who have taken a plunge, may have indeed felt the pinch in pip movement as price proves its hot headed temperament, defying many a technical stance!

The ability to respect each market movement despite a betrayal of the best of analyses, permits a positive pattern of thought; one that focuses on re-visiting the strategy folder and choosing those resources that work well with the current market mind set.

This is doubtlessly an advanced traders priority.

Another look at the Euro, following yesterdays quality note by my fellow contributor, Bijal, will highlight a varied position that may be observed to amass tidy pips.

The weekly chart displays price hovering at the value index promising a directive at some point in the future.

The daily chart below provides a closer clue of short term movement.

Although price has retraced today, this is not unusual following a breach of the 'figure' horizontal on display.

The longer term trend is downward, but the short term rally, shadowing the value index, proffers a probability of at least a 60 pip capture with the trend, towards a noteworthy figure, before assuming a position (out of the market) awaiting the firm resistance clusters to play themselves out.

Note the technical tools on offer to confirm the viability of this small, yet significant stance.

This near term profit opportunity may be also be spy-glassed using a smaller time frame

Dynamic Traders recognise that a stockpile of pips is gathered trade by trade, through slow and steady progress, using a consistent pip collecting regime, which abides by the current market conditions.

EURUSD daily chart Advanced Get

Beware of the huge array of news items due tomorrow and thereafter!

Steadfast Trading!

Saba Jackson

Eur - We have a BOB

Good Evening Dynamic Traders,

This week is BIG news week so trading with caution is recommended as volatility will be high. In these conditions capital preservation is key.

Tonight's review is of the EURO. The weekly chart shows price at the VI (although not closed above it) and appearing bullish.

The daily chart below shows a breakout candle. The VI has been acting as resistance as can be seen on the chart on previous occassions and may do so again. If price does break through succesfully the next level of resistance can be seen by the longer term trendline which coincides with what may act as resistance levels. Price may also break through and do a pop and a drop. Therefore patience is key, await the right opportunity to ensure safe trading. Please do your own analysis and remember not being in a trade is also a position.















Safe Trading!
Bijal Shah

www.fxcps.co.uk
www.fxcps.eu
www.dynamictraderblog.com

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Late Night Review

Good Evening Dynamic Traders!

Following a tumultuous and news riddled debut week, price action has proven the predictability of an uncertain outcome, a conviction that all Dynamic Traders will possess.

A review of last week's play, may offer a higher probability outcome over a succeeding series of hands

EUR USD (x refer blog 20 April)

Below is the daily chart for this pair.

No sooner had the note been published, price bounced off the figure with a vigour that sent it flying upwards to conclusively rest ( by close of the week's play) at a trend resistance clustered with a prominent breather.

Strategic trend tailored positions that may have been poised, will not have been triggered with this forceful contra- trend display.

A lesser time frame now crudely displays its' reversal candles at another momentous fib area signalling a plausible end of this spectacle.

A fresh opportunity to sell a rally may now be presenting itself.

Savvy traders will perform their due diligence and define a satisfactory edge, before employing a course of action.

EURUSD daily chart Advanced Get


USDJPY (x refer blog 21 April)

This trendy pair chose to trespass the trend and mighty value index support, beautifully proffering a humble 100 pip bounty to those who had planned their barter in advance.

The daily chart below seems poised to continue this earthward assault, supported by a number of favoured indicators. The market will undoubtedly lead the way!

Those availing this opportunity as it flows, may wish to determine a suitable exit cluster using our mentors' dynamic on-chart tools.

USDJPY daily chart Advanced Get

USDCHF (x refer blog 23 April)

Discerning Traders aware of the relationship of this pair and the two remaining Musketeers, may have predicted price direction after observation of the sister couples.

Groomed trending strategies will not have been triggered following the immediate slump in price.

However, advanced traders' with the ability to view the market objectively and without distortion, may have exercised this contra-trend stance, entering the opportunity flow without hesitation, to the tune of 300 pips!

Price is now seated at noteworthy fib levels across multiple time frames, contemplating the next move.

Dynamic Traders - Consistency is a state of mind produced from a winning attitude; an approach that offers you huge mental flexibility to flow in and out of trades from the markets' own perspective and without any certain knowledge of what will happen next.

Unique Trading!

Saba Jackson

Re-entering The Trading Table

Good Morning Dynamic Traders!

It is a huge pleasure to return to the trading platform amongst our very special trading community and indeed my fellow contributors!

The last month has not only granted space to attend to important business matters, but has also sanctioned valuable time with family during the Easter break.

Following a period of total trading immersion, the last few weeks have also given rise to significant reflection surrounding the trading arena; thoughts that I am keen to share with you.

During the coming weeks, I have chosen to focus on no more than four major currency pairs, utilising particular 'set strategies' we have been taught.

This approach will permit a greater understanding of the character of each pair, whilst ensuring that choice strategy set ups are consistently utilised at each opportunity, allowing for results to be measured with accuracy.

Most importantly, this trading rule also builds a disciplined approach to time management, deterring the drugged trader from forming the 'square eye syndrome', a phenomenon I am only too familiar with.

Today I will be discussing the most traded pair, the Euro.

The weekly chart reveals that price had been enjoying a long term downtrend since July last year before changing tune.

Having recently broken below the mighty value index, a more permanent downtrend may now be in play.

Below is the daily chart for the EUR USD

Price is seated at a significant spot.

It has very recently broken through another poignant medium, now hovering at the zero cluster with a support.

A number of designed strategies from our mentors' may now be employed; indeed at least one of these may have already be engaged last week by canny Dynamic Traders!

Given my return to the trading table this morning, I have marked a conservative watch for a line- up, together with an aggressive stance on a lesser time frame, awaiting a favoured breather.

Consult your own material for confirmation of a favourable 'text book' pip collecting exercise.

EURUSD daily chart Advanced Get

Fun Trading!

Saba Jackson

Euro Dollar Squeeze

Good day Dynamic Traders,

The Euro Dollar is doing some consolidating or smaller moves before it decides it wants to break into a trend. The price has arrived at the support level mentioned on the last post of this pair. Price has touched this area several times in the past therefore making it a strong support/resistance area. Coupled with this we have an indecision candle for today at the time of writing this post and also proximity to the figure. Time to get prepared to act based on the direction that will be provided by the market.

Tomorrow is a day filled with news items so trade with caution. Good Friday and Easter Monday may mean that the markets are relatively quiet, if this is the case my next post will be Monday. Have a fantastic long weekend.














Good Trading!
Bijal Shah

Last weeks charts revisited

Good evening Ladies & Gentleman,

Lots of movement on the Yen currencies happened overnight. Below are the weekly and daily charts for the EURJPY and EURUSD. I thought we would take a big brother view today in addition to the reviewing the daily charts.

EURJPY
The weekly chart shows the medium term downtrend. Price retraced through a strong resistance level to a Fib breather level and a RN. It then produced a reversal candle and started to move southwards.















Last week when I posted this chart, price was approaching the value index and the 135 figure. It has since tagged the value index and bounced off it. The daily chart shows price is now appoaching a support level which is in close proximity to a Fib breather level. If you are already in this trade, it will need to be managed closely to protect your profits.














EURUSD

The weekly EURUSD shows a triangle formation, price is getting constricted into a squeeze.














The daily chart is a little busy but I wanted to ensure I captured everything to share with you. On the last post price was hovering around the value index, it continued to do this for 6 days before it broke down. Price is now heading towards an area of support, Fib breather level and RN. Again trade management is key as we approach this level. MACD is currently following price and not showing any early warning signs of reversal.














You will note that the Swissy is doing almost exactly the converse of the EURUSD.

Good Trading!
Bijal Shah

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

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Musketeer Seduction!

Good Evening Dynamic Traders!

Below are the daily charts for the USDCHF and the EURUSD; both pairs have also recently been declared by my fellow blogger Bijal.

Recall the contrary behaviour of these two musketeers, observing the leader's guiding hand!

More importantly - recollect last month's review, heeding our miracle mentor's informed intelligence!
Those who pay attention to his detail will consistently profit with barters!

Even while away from the markets, I am simply unable to resist this seldom, tantalizing "institutional" invitation!


USDCHF daily chart Advanced Get

EURUSD daily chart Advanced Get

Heavenly Trading!

Saba Jackson

EUR Review

Good morning Dynamic Traders,

Hope you all had an awesome weekend. In the UK, it was Mothering Sunday, a great time to catch up with family and appreciate the silent heroes - it can never be done often enough!

Today I would like to review a couple of currency pairs I posted last week to check on progress.

The first one is the EURJPY posted on Tuesday, 16th March. The price at the time of the last post was 129.57, it has continued to climb up and is currently at 131.64. On the chart below I have pointed out 2 hurdles price faces before it can continue on its way up.

MACD last week was showing clear divergence, which although is still apparent, the indicator is somewhat following price action. How would I trade this? I will wait to see what price does by the end of today, if a BOB is produced along with my other confluences of events, I will employ my ESLT filters and place my orders for emotion free trading.















EURUSD
The Euro posted on March 18th was at 130.27 at the time of writing, broke through strong resistance and is now at 136.34. The question posed in most people's minds is "Has the trend changed?" and this was addressed by a post from Javid recently.

The Euro saw some massive moves last week and if the upward movement continues to hold then there are 3 near term things (highlighted on the chart below) that we need to watch out for: resistance at the value index, strong trendline support and the figure.














Good Trading!
Bijal Shah

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

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EUR Breakout

Good evening Dynamic Traders,

Congratulations to the very new "Firewalkers" and those who have just completed UPW. May you unleash the power of your new found potential on your newly defined journey.

The EURUSD daily chart below is displaying signs of opportunity and abundance below. Price is approaching a previous resistance and the figure is in close proximity to this resistance. Though MACD on the daily chart is not showing any signs of reversal at the time of writing this, there are multiple smaller timeframes showing divergence. Given that the larger trend is down the smart money would say likelihood is for price to head south. Either way dynamic traders will be ready with filter tools in hand to utilise the opportunity.














Productive Trading!
Bijal Shah

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

Euro at Support?

Good evening forex traders,

I tried to update on Anne's forex blog but was having technical difficulties so instead of analyzig the problem this evening, I thought I would show you my analysis on Euro.

Below is the daily EURUSD chart from Advanced Get.




You will notice we have been in a downtrend for a while but now approaching a key support level. The question now should be is the bounce produced on the Euro today sustainable or is it simply a pullback before the next wave down?

Listening to some analysts on the radio while driving the Aston Martin Vantage (added below for the car fans) through the streets of London you would think that Europe is not even in a recession. The fact is this, I dont know what is going to happen and those that predict we are out of a recession and the Euro and Pound will be getting stronger are second guessing. Yes we are a an important support level and yes we have had a bounce today but was that the dumb money or the smart money? Is that a change of trend or just a blip against the bigger trend?

When looking at charts you need to identify what is driving it in a certain direction. Right now the Euro and Pound have been heading down and we can identify that has been the case after hitting a key resistance area during the second half of 2008. Don't be the first to rush in and assume a position, let the market deal it's hand then use the tools we have shared with you to reap the rewards.

We hope you are all enjoying the dynamic traders blogs and enhancing your learning from their teaching.



On a seperate note, the Aston Martin has a wonderful rumbling sound once over 4000 revs from second gear onwards but a little dull to drive. Delayed reactions from the steering to the wheels make for a lethargic experience. I much prefer my AMG which is almost 20k less for a much more superior all round experience. Over and above that has to be the Porsche 911 turbo.


Good trading.

Javid Shaik
Forex Analyst

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

Euro Trinity

Good Morning Dynamic Traders!

The EUR USD pair has been the subject of personal scrutiny for an extended strategy entry.

The recent note of 1st February will confirm this vigil.

Below is the weekly chart for the same.

Weakness has been persisting since July last year, established furthermore by a breach of the Value Index in January this year.

Consider the rigid support which is in close proximity!

Although the apparent 123 886 chart pattern may dictate a retreating manoeuvre, several undercover studies signal price vulnerability.

These contradictory confluence of events bellow a break out beacon!

The strategy trio..... BB, DD, and AA are all prepared to offer donations, with the former two now on close guard awaiting a determined direction.

The canny Dynamic Trader will choose a triplet and patiently perceive a command either way.

Seek out your webinar guidelines in preparation for this Euro Trinity.



EURUSD weekly chart Advanced Get

Detached Trading!

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

A Toast To The Fans!

Good Evening Dynamic Traders!

First and foremost, may I plead a pardon for the absence of yesterdays blog, which was pledged to you last week.
A technical hitch with my habitual "pattern of thought" following an unusually arduous weekend, prevented the power of structured analysis.

Secondly, I am hugely humbled...... beyond admission, after receiving (courtesy of Javid and Anne) word from you, the readers of the FXCPS blog folios.

I cannot express the feelings of overwhelming gratitude after reading the array of testimonials you have so graciously bestowed upon myself and my fellow contributors.

I am equally thrilled to learn that you find the blogs not only adding value to your trading pursuits, but also a source of encouragement and enlightenment.

It is immensely satisfying to recognise that each supporters writing style hits a chord with individual readers, thereby attracting a larger and diverse audience.

May we continue to motivate and inspire you all!

Today I am considering the EUR USD pair.

A clear trend reversal has been in play after price reached an all-time high in July last year.

The weekly chart below displays a retracement concluding in mid December, followed by a bounce away from a celebrated fib resistance and cluster area.

Note also that price has fairly recently broken below the value index, signalling further weakness.

EURUSD weekly chart Advanced Get

Last weeks analysis (BLOG 20 Jan), alerted Dynamic Traders' to an AA configuration. This has yet to convincingly materialise, but a peep at a smaller time frame displays an opportunity presenting itself.

Below is the 4 hour chart for the same.

Heed the textbook 123 snap shot with the sub chart mac d behaving beautifully.

Using your own trading rules and risk tolerance, a gain may be grasped whilst loitering intently for the longer term swing set up.

Be mindful of news items and key trading times!


EURUSD 4 hour chart Advanced Get

Animated Trading!

Saba Jackson

Align Yourselves!!

Good Afternoon Dynamic Traders!

I thank you all for the kind well wishes towards my new pastime and the public appreciation from our colleagues, Bijal, Clayton, John, and our tutors' Javid and Anne.

Without this firm support from our terrific community, I may have been "stopped out" before reaching this extraordinary position.

Below is the daily chart for the EUR USD.

A pretty perfect swing may be on the horizon particularly for Dynamic Traders!

This pair has been losing strength since July last year, pausing to re-fuel a little last month.

It is presently gaining earthward momentum once again.

Last weeks note (BLOG 7 Jan) was heeding the reader to note certain bearings confirming price vulnerability.

Today, I alert you once again, but this time to your textbook AA for which we have been convincingly counselled.

Register the powerful XTL and wedge signal clutching at price.

By reviewing your notes, adhering to rules and of course engaging your ESLT , prepare for a prize descent; a virgin trend in the making!

EURUSD daily chart Advanced Get

An Early Trade In!

Saba Jackson