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

GBPCAD bounce followed by break?

Dear Dynamic Traders,

Happy Valentines Day to you all!

Both the EURCAD and EURAUD have been producing lovely profits. Hopefully the readers of the blogs have benefitted too given the wide coverage these charts have had on the blogs.

Below is the GBPCAD chart which has been in a long term downtrend. There have been a couple of deep pullbacks and now price is presenting a double bottom. If this is to pan out as a double bottom then price is likely to bounce. However, its too early to consider going long (unless you are a short term trader) but a bounce can be expected and perhaps anticipation of an entry point on the break of the previous support given the long term nature of the chart.















Good Trading!
Bijal Shah

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

Progress for the week

Good evening Dynamic Traders,

NFP normally is on the first Friday of each month but was on Thursday this month. It usually produces huge amounts of volatility and is therefore safer to stay out of the markets. Today's movement does not appear to be as great as it is usually.

Given that it is Friday tomorrow I have decided not to post any new set ups but to take a look at the ones I have posted recently to see how they have fared.

First up is the AUDNZD. Price tested the support line and bounced up some 300 pips. It is now testing a previously supporting trendline and has produced a doji. Will it be able to continue to go up to test the previous high or will it find resistance and succumb to the downward pressure?















The GBPCAD also found resistance produced a doji and a pullback. We will be on the lookout to see if price will continue down to retest the value index or indications of a continuation up.














The GBPUSD and EURJPY have not yet broken out so are still very much on the watchlist.

Wish you an awesome weekend.

Good Trading!
Bijal Shah

GBPCAD meets resistance

Good Evening Ladies & Gentlemen,

The GBPCAD pair has been steadily rising and has produced almost 1700 pips in June alone! Price has today tagged a previous resistance level and produced a doji. The weekly chart does not show signs of weakness yet therefore price may well continue upwards further.

However, before this happens a pull back may be witnessed as MACD is showing divergence, a suspect candlestick is on display and price is at a previous resistanance - all of which suggest caution. Tightening of stops is recommended if in the trade. If not in the trade, an opportunity may soon present itself as long as patience is practiced.















Good Trading!
Bijal Shah

A long awaited GBPCAD breakout

Good Evening Persistent People,

Hope you are all well and having a good week. I would like to congratulate you for persisting and keeping at it, despite how hard it can be sometimes. There are a couple of people that have said some very wise words which really resonate with me and I would like to share them with you.

Wayne Dyer says "When you change the way you look at things, the things you look at change". A very simple yet profound statement!

Tony Robbins says words to the effect that if you keep getting the same outcome (one that you do not desire) you need to change your approach until you get the outcome that you desire.


Featuring on tonight's blog post is the GBPCAD daily chart.

The GBPCAD has been toying with us for some time and is now beginning to show some signs with which we may be able to do something - hooray! Price has broken through a resistance barrier (not quite clear yet but almost). In addition it has also broken through the VI and is currently hovering around a RN. Use the filters in your arsenal to enable a good entry into the position should price conform to the signals according to your plan.














Plan the trade, trade the plan.

Good Trading!
Bijal Shah

GBPCAD channel

Dear Dynamic Traders,

Good day to you! Congratulations to those traders that have taken profits from the GBPCHF trade, it moved over 700 pips today.

Welcome to another fellow blogger - Richard.

Today's analysis is based on the GBPCAD pair. The daily shows range bound activity with price changing direction at trendline support or resistance with other confluence of events. It has now hit the trendline and is looking to go down in the direction of the longer term trend. Remember "the trend is your friend".














The 4 hour chart evidences a triangle formation and price has broken out. I would enter with caution given the value index is in close proximity and could act as support.

Good trading!

Bijal Shah

GBPCAD Big move down, will there be a small pause?

Good evening dynamic traders,

Hope you all had a great weekend especially those spending time with Keith Cunningham!

Today's chart is the GBPCAD. It has been doing a move down for some time now, confirmed by the lower highs and lower lows. More recently it has done a sharp move down and tagged a trendline. MACD is showing convergence on mutliple timeframes. If there is a bounce then there will be a long opportunity.


























Charts courtesy of Advanced Get

Good Trading!
Bijal Shah


Question 7
Who is in control?