NFP tomorrow

Good Morning Dynamic Traders

Hope you're all enjoying the week and trading with confidence!

Due to NFP tomorrow, I'm not looking to open any new positions. Before this high impact news, we can expect to see some volatility in the markets, so my preference is to stay.

But I just wanted to do a quick update on the GBP and GBPJPY which I wrote about this week.













You can see once price reached the S zone it bounced up and has now retested the VI as R. This R area is also clustered with a fib breather level. Interestingly yesterday also produced an indecision candle. So where will price go now? Take note of the false bar showing up on Stochastic - are we in the beginnings of a new downtrend? You can see I have also added a TLR. Should price break back above the VI then it will be contending with this as it's next R. For me this pair is going to be very interesting to watch. See what else you can uncover - do you notice any chart patterns?

Moving over to GBPJPY, price found the 140.00 figure tough to break and is now doing a pullback. Will it repeat the same bearish flag chart pattern? Check your indicators and see if they can guide you in any way. Should the pullback tag fib breather levels then entry can be taken on a BOB of the RN and pivot low with ESLT - of course this is dependent on your trading style and TP.













My next update will be on Monday now. As we're entering a new month, take some time to review your trades from September. It's hard to believe we only have 3 months left in 2009. It's a good point in the year to check in on your goals and assess where you're at too!

Enjoy the weekend. Here's to great trading!

Sonia Molina

GBPJPY resuming downtrend?

Good Morning Dynamic Traders

Hope you've all had a great weekend and ready for a new week of trading. The market is there for the taking, we just have to see what's on offer.

I want to look at the GBPJPY this morning. Taking a look at the weekly chart we can see that although price has recently been climbing up, the larger trend is in fact down. We have a DT formation, which in a downtrend would suggest a strong continuation. Coupled with that we also have the MACD divergence - so confluences seem to be stacking up in favour of the larger trend. Be sure to use your complete Dynamic Toolkit when analysing as you will uncover further confluences to add to your edge.

















Now looking at the Daily chart we can see price was oscillating since May, finding comfort around the VI. Both the up TL and the low point from July have now been breached. As the current trend is up, SM traders would have been waiting for that BOB of the July low and applied ESLT. As you can see price today has tagged the RN at 140.00 and bounced right back up, suggesting sellers are hesitating at this point and buyers are stepping in.

















What will price do now? It may very well ignore the RN and continue south, or find it to difficult to break and consolidate for a while or even head back north to it's current trend. We can weigh up our odds and be ready to take appropriate action, but always be neutral as price could do anything.

Let's see how the week unravels for this pair. As always please carry out your own analysis.

Here's to great trading!

Sonia Molina

Monday update

Dear Dynamic Traders,

Hope you all had a wonderful weekend. Here in the UK we are enjoying an extended weekend as it is a holiday today. Apologies for not posting an update yesterday, we had 3 weddings to go to this weekend which has kept us really busy and I have hardly been at home.

Below are 3 charts for discussion today, the Loonie, EURGBP and GBPJPY. I wanted to do a post on the musketeers however, there is not much other than consolidation going on on the daily timeframe so not much to report.


USDCAD
The Loonie has been in a downtrend recently, did somewhat of a larger pullback creating a double top (in a downtrend) and then continued down. Price has now come back to do a retest of previous high. It will either find resistance there (at the previous high) or will continue up to the trendline which coincides with a Fib breather level. We want to wait for price to then show signs of continuation down to trade with the trend.














The EURGBP has recently gone through a period of consolidation before price started to go up. It is now approaching a resistance level. A good one to put on the watchlist for entry on signs of break down.














The GBPJPY is one that I have not mentioned on here for a while as its not been the easiest to trade recently for trend traders on a longer timeframe. Price has broken through a support line and has tagged a Fib reversal level around a RN. I am now on the lookout for price to bounce either of a Fib reversal level or a previous support level therefore this chart is now on the watchlist.














Good Trading!
Bijal Shah

A Trending Triangle

Good Evening Dynamic Traders!

Today's focus is with a personal favourite, the GBP JPY.

This cross has been safely uptrending since the New Year, after a lengthy southward stride from mid 2007.

A brief analysis of the weekly chart may offer a respectable pointer towards the extent of this ascent.

Below is the daily chart for the same.

Price is once again seated at the influential value index, a place that many a pair has been recently negotiating.

Dynamic Traders debating the ensuing direction, may wish to apply their long-sighted lenses for clarity, without too much dilemma.

Employ your favoured strategy to validate an entry for this swing, engaging your tools to determine a likely exit.


GBPJPY daily chart Advanced Get

Dynamic Traders......

Mark a high probability set up, engage your rules and activate your trade.... without further thought or hesitation.

Learn to trust your initial judgement..... it is usually right!

Active 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

Clocking the Cross

Good Afternoon Dynamic Traders!

Tugging the GBPJPY off the watch list today has been a worthwhile exercise.

Below is the daily chart for this cross (x refer blog 12 May)

Following the previous note, price obligingly cascaded a colossal 400 pips before regaining trend strength!

Note the assorted chart patterns on display, arguably fighting for attention.

Given the short term trend is upwards and our mentors' attitude towards the trend, Dynamic Traders will pay careful attention to the cluster at the value index; a likely target should this drift triumph beyond the resistance belt.

Note the successive, well positioned target on the horizon!

The alternative position, should this rally founder, is a retreat to the trend support, reinforcing movement towards the tip of the triangle prior to the final flash!

Discerning use of ESLT and filters is advised.



GBPJPY daily chart Advanced Get

Forward Trading!

A Cross at the Horizontal

Good Morning Dynamic Traders!

Take a second look at the GBPJPY cross this morning!

After a lengthy down trend, price has been retracing since the New Year.

The weekly chart below displays its current resting point at a long term horizontal; once a support , now switching to a fortified resistance.

Accompanied by the figure and on chart indicators, price promises a bubbling bounty awaiting an eruption!

A closer look at a smaller time frame may furnish further clues.


GBPJPY Weekly Chart Advanced Get

Below is the daily chart for the same.

Mark the 123,886 formation, comfortably complying with our mentors' text book rules.

Dynamic Traders keen to cogitate this barter, must first determine their trading style.

The trend line on display may offer an entry opportunity for a semi-aggressive stance, but given the nature of recent market movement, a conservative position may also be pondered.

Heed the value index within view, which has behaved magnetically many a time before and indeed the news items presently awaiting release!

Diligent use of filters and ESLT is highly recommended!


GBPJPY daily chart Advanced Get

Attentive Trading!

Saba Jackson

Pound Yen

Good morning Dynamic Traders,

A shorter timeframe chart this morning of the 60 minute GBPJPY below. We are looking for price to break one way or the other. Good support is presented at the RN. There is a possible double bottom in an uptrend however as the candle has not finished, this is not yet confirmed. Price will face the VI as support should it breakdown. Please do your own analysis and employ ESLT as appropriate.














Good Trading!
Bijal Shah

Sterling Yen Rally?

Dear Dynamic Traders,

Hope you are having a great trading week so far. The GBPJPY has been on my watchlist and yesterday price broke through an area which price has tested on several occassions in the recent past. Price has moved up over 2400 pips in two months. If this proves not to be a FBO then the next resistance could be around the 148 mark and then the big RN.















Having seen the recent bullish bars on the daily chart above, the 240 chart below shows a possible breather. MACD is showing divergence. As we all know price does not move up in a straight line so this could be the consolidation before the next step up.














Great Trading!
Bijal Shah

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A Timely Tip Off

Good Evening Dynamic Traders!

A passing pointer from our personal tutor has placed the GBPJPY under the spyglass.

Below is the daily chart for the same.

This cross has been marching down hill since July 07, back tracking for relief during the last few weeks.

The pretty patterns may have alerted you to a fine DT as well as a favourable flag formation and a
number of choice displays offering a guiding hand.

A suitable support was convincingly shattered yesterday, alerting us to likely enduring weakness,

Dynamic Traders should perform supplementary analysis to profit from a timely entry, vigilantly observing a lesser time frame.


GBPJPY daily chart Advanced Get

Opportune Trading!

Saba Jackson

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

An 'Average' Assembly

Good Morning Dynamic Traders!

I have been prudently perusing a probable prime picking this morning.

Below is the 4 hour chart for the GBP JPY

This cross is enjoying a convivial mood through a gathering of the various ma's that all Dynamic Traders should habitually expose on their screens.

This manifests a stalwart resistance region!

The wedge formation proffers a break out opportunity close by, clustered with numerous sub chart indicators.

Note also the recent 123 786 on the daily chart.

With such an abundance on display, my variables lean towards price vulnerability, regarding an historical retest of an all time low.

Discretion should be employed when choosing a suitable opening, engaging the ESLT rules earnestly.

GBPJPY 4 hour chart Advanced Get

The next update will be on Friday, discussing this weeks play.

Tactful Trading!

Saba Jackson

Has swiss cheese got holes in it?

Greetings Dynamic Traders,

Having been a regular visitor to this website, I have been able to advance my trading thanks to the dynamic guru duo Javid and Anne, and more recently contribution from Jagir and Saba. I hope to contribute and help just as I have gained trading knowledge.

The USDCHF has been gaining strength since March of 2008. The weekly chart however, demonstrates 5 or more technical barriers to a continuation. These include the value index, previous support turned resistance, MACD divergence, the figure, and a reliable fib level.

USDCHF Weekly chart

MACD divergence continues on the daily chart together with a trendline resistance and reversal candles. Aggressive traders may favour this as a good potential set up, ESLT would be good to utilise here.

USDCHF Daily chart

The GBP/JPY is showing signs of reversals. On the slightly lower 4 hour timeframe we have a double bottom formation, price bouncing off the figure with a reversal candle. MACD is showing short and longer term divergence. Wait for the confluence of events/further confirmation and use your pick of techniques for a good entry.

GBPJPY 4 hour chart

Enjoy your weekend and don't forget to celebrate your successes.

Pound Support

Good morning Dynamic Traders and welcome to another exciting week of forex trading.

I was triggered into the Pound Yen trade overnight and this morning have managed my position. At the tme of writing this the cross is sitting on the support level at the 214 zone. A breakdown could see a further downward move.

The Pound Dollar chart shows price at the trendline support level. This is an important level where price can either continue it's downward track or bounce. Watch the Euro regarding this for confirmation.


Advanced Get charts with eSignal data.

Below is a weekly chart of the Euro Dollar to show you what the uptrend looks like on this pair and where previous congestion levels are which is not dissimilar to where we are now. Now I want to make it clear, I am not saying this is a sure fire rectangle chart pattern for a move up but going by history we are in exactly the same position at the figure as we have been previously at other big figures. A breakdown here would bring weakness into the mix but until then it is time to stand aside for swing traders.



Weekly Euro Dollar Advanced Get Chart.

Our webinar Dynamic Traders should have traded the USDCHF this morning. Our previous USDCHF forex chart can be seen here and based on one of the strategies we shared with you on our webinars you will be well into profit with a risk reward of 1:5 at least. This was a text book set up and an easy trade to take profits from.

Good trading.

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Javid Shaik