Kiwi tries again

Good evening Dynamic Traders,

The Kiwi has been doing a breather/consolidation recently after a significant climbing expedition. Price went down to test a previous low and is coming back to test the resistance line again. Note the confluence of events including a Fib reversal level as pointed out on the chart which may have their own part to play. If price break through ESLT will make entry into a trade straightforward. If price does a pullback patience may be required to determine the next move.















I would like to wish a speedy recovery to our Dynamic Trader athlete.

Good Trading!
Bijal Shah

Kiwi

Good Evening Dynamic Traders,

Hope you are all having a good week. I would like to take a moment to recognise the incredible achievements of the King of Pop, how many people get to contribute in such a fashion and touch so many millions of people.

Tonight's chart for review is the Kiwi, on a slightly smaller time frame (4 hours). Price has been consolidating for a while on the larger timeframe. Price has broken through the VI and come back to test it twice. Having hit a Fib breather level the second time it appears to have retreated south with some other confluences as mentioned on the chart. Aggressive traders may already have positions open. Conservative traders may choose to wait for further confirmation until the previous low is broken or some other confluence to trigger entry.
















Happy Trading!
Bijal Shah

NZDUSD

Dear Dynamic Traders,

The NZDUSD chart below shows price at a decision point. The recent stance is faced with potential resistance levels along the way. The trend has been bullish recently and therefore the continuation thought process would not be incorrect. However, MACD is diverging on numerous time frames and a pullback should not be a surprise to the smart money trader either.















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

Two Cracks at the Kiwi

Good Evening Dynamic Traders!

Tonight's crack is with the NZD USD pair!

Although not a pet pair of mine, the Kiwi is presenting us with a prominent picture that all Dynamic Traders should now be accustomed to.

This duo had been seasoned towards an earthward stance since February 2008, after which it formed an aggressive rally since March this year.

Below is the daily chart for the same.

Note that the zero horizontal on offer has been tried five times since last year; clearly making this a material moment to guard!

The difference at this sixth attempt is the gratifying presence of the value index, beautifully positioned; patiently awaiting the markets response.

Experience and training has guided the practised trader to trust the trend, unless a coherent confirmation of a change is on display.

With the magnetic pull of the clusters on parade, the century of pips on offer may attract the keen eye of the Dynamic Trader who may wish to pinch a humble share.

Thereafter, a watch list entry is highly recommended, in preparation of a break in either direction!


NZDUSD daily chart Advanced Get

Vigilant Trading!

Saba Jackson

Kiwi Bounce?

Good day Dynamic Traders,

It was about a week ago when I mentioned the Kiwi on the blog and price was around the 58.22 mark with a bearish engulfing candle. It has since retraced down to 54.91 (low) and is between 2 Fib breather levels. The 240 timeframe shows convergence and the shorter timeframes show a bounce up. What we need to determine is whether this is a premature bounce up or will price hit the next breather level before it resumes it's uptrend. Wait for your confluences of events and endeavour to employ some mechanical method of determining your justification for entry. This is just an early tip for the watchlist!















Good Trading!
Bijal Shah

Kiwi Opportunity

Good evening Forex Traders,

The Kiwi chart below is showing some interesting signs. The daily is portraying a bearish engulfing / tram track formation. In addition MACD is showing divergence - indications leading us towards believing that there may be a reversal/breather albeit temporary.














Upon examination of the slightly smaller timeframe you can see a potential 123786. The RN is close by as is trendline support. If not already in the trade, a couple of conservative entry approaches are still available depending on your risk acceptability and confluence criteria.














Good Trading!
Bijal Shah

Gold update & NZDUSD BOB

Hello Dynamic Traders,

Hope you all had a good start to the week! The excitement continues thanks to Javid and Anne's contribution and ever expanding network. A very warm welcome to Zaheer on the fxcps.eu site, I am sure your contribution will go a long way to assisting the readers and your own personal trading.

I have chosen to do a brief update on Gold today as a follow up from last week and also discuss the set up on the NZDUSD.

Below is the Daily Gold chart. Having reached the big psychological 1000 number price retraced and headed south. When I analysed the chart last week, my thought was that price would reach the Fib breather level which also coincides with strong support and perhaps resume the trend up providing an opportunity to enter. It has gone south, however, a good entry point to go long is not yet apparent because possible signs of further weakness are visible and the fact that price is looking to close below the breather level. My conclusion for the moment is to wait and watch this space until the market advises what its going to do next.














The next chart is the NZDUSD. Similar to many other charts this pair has been coming into a squeeze. Today's bar as shown below has closed below the support line and provided us with a potential opportunity to enter in line with the trend. To ensure this is not a FBO please ensure use of the appropriate filters.














Good Trading!
Bijal Shah

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

Parallel Pairs - AUDUSD & NZDUSD

Good evening Dynamic Traders,

Yesterday I got stopped out from the AUDUSD for a very small profit. One of the keys to successful trading as I mentioned before is capital preservation, the reason for exiting my first position relatively early is so that if the market moves against me I minimise my lost and in this case come out with a small profit.

After getting stopped out of the AUDUSD I still had this pair on my watch list for a long position but I thought I'd have a quick look at its parallel pair NZDUSD to see if there was a better set up. I actually mentioned this pair around a week ago for a short position and since then it moved down over 200 pips.
This morning I went long on this pair after we had a good 618 pullback.














NZDUSD forex chart from Advanced Get


I entered this trade on a hourly time frame as we had a double bottom with MACD convergence with a few other confluence of events I normally look for. I've exited my 1st position and my stop on my 2nd position has been adjusted to just beyond break even so I'm again at least guarenteed a small profit.
















NZDUSD forex chart from Advanced Get
Good trading

NZD resistance

Good evening Dynamic traders,
The USDCAD has been moving sideways for the last few days, I'm still in this trade with my stop fairly tight.
Those of you who were still in the GBPUSD trade would of probably got stopped out for a very good profit. I'm keeping my eye on this pair for potential set ups.
Below is the NZDUSD, it has hit a potential resistance. Note the overall trend is down, we've come upto the figure 0.7000 with a candle stick reversal. Also for those of you familiar with Fib, you'll get an extra confluence of events. I'm now waiting for a good entry point to go short on this pair.














NZDUSD forex chart from Advanced Get
Good trading

123 bottom - 170 pip profit

Yesterday I mentioned the NZDUSD had hit a new support where we could see a potential reversal. This morning there was a good set up for a 123 bottom at 886 on the smaller time frames. I entered straight into this trade and I've taken profit on my 1st position and adjusted the stop on my 2nd position. As it stands in total from this trade so far I've made a 170 pip profit.

Below I've shown this mornings set up on a 60 min chart with todays move up. We've had a small pull back which could be a breather as its at the 50% level, this may be a good set up for a continuation but I will wait until tomorrow as todays move is greater than the daily range.














NZDUSD forex chart from Advanced Get

Good trading

New support - Double Bottom

I mentioned the NZDUSD a week ago, as you can see the support was broken and has moved to the next support level at the figure 0.6600. I am still watching this closely for a potential reversal where I will use my filter to enter a position.













NZDUSD forex chart from Advanced Get
Good trading

Triple bottom

The NZDUSD is potentially making a triple bottom with today re-testing the previous support at the figure 0.6800 and bouncing back up. Trade this according to your trade plan as you could be aggressive or conservative. I will probably open a more aggressive position tomorrow as today the NZDUSD has already moved approx 75% of its daily range and my stop will be below the support.

NZDUSD forex chart from Advanced Get

Good trading