Loonie FBO

Good Morning Dynamic Traders

Unfortunately it's just a quick update from me today. The markets this morning have been quite volatile across some currencies and the pattern I'm seeing is after a period of consolidation we're seeing price attempt previous highs and lows but then retreating, possibly giving us FBO's.

The AUDJPY mentioned on Monday has broken down confirming the 123786 but is now contending with the VI support. Next week will be very interesting.

The Loonie after it's BOB of the squeeze has in fact bounced back up into the comfort of the triangle and continues up with strength this morning. Dynamic traders using ESLT would have been protected from being triggered on this FBO. So what next? The indicators are not tellling us much and with the ranging/undecided nature of this pair at the moment I'm going to wait for some definitive direction.

Have a great weekend all. At a time when the markets are showing some uncertainty, it's important to analyse your HTF's to get a big brother perspective.

Great trading!
Sonia Molina

Loonie BOB

Good Afternoon Dynamic Traders

Yesterday we saw some good movement on the markets - a pre Thanksgiving frenzy! SGD broke the low and is retesting the S as R so far today. There is always a chance of a FBO so ESLT would be a good tool for entry. EURGBP today has picked up strength and is attempting a BOB of the R. Let's see how the pair close tonight.

Back to the Loonie, last mentioned on Nov 20th, price has finally broken the squeeze down. Remember we have the possible 123786 chart pattern, the friendly trend in our favour and also ST giving us a false signal. Certainly the confluences suggest price should continue down but analysing the chart further suggests price may have a bumpy ride.
















First price needs to contend with the S/R zone which is intimidating price action. Should it successfully break this zone, bear in mind we're only a couple of hundred pips away from a major RN. Having said that we know good trends consistently break support levels and RN's. Of course price could find this all too difficult to tackle and bounce up.

This is a great example of making a judgment call on a trade. Despite reasons to not enter a trade it's important to gather your confluences, stack up the odds and make a decision on a trade in accordance with your TP and your rules. Please carry out your own analysis.

Here's to confident and emotion-free trading!
Sonia Molina

EURGBP and USDCAD update

Good Morning Dynamic Traders

The EURGBP mentioned throughout this week, has in fact found support at the strong cluster area and today price is testing the TL resistance. Could this be the end of the pullback and the start of price resuming it's current uptrend? Price still has some way to go before breaching the previous high so anything could happen between now and then, especially as we have a couple of R levels to contend with. However, the odds for a continuation up are still in our favour. My preference is to await a BOB of the next R level before entering.

















USDCAD is forcing price into a squeeze and at this point the smart thing to do is stand aside and wait for price to decide its course. We do have the possible 123786 pattern and coupling this with the trend direction odds are in our favour for a continuation south. But let's watch and wait patiently before taking any action.

















Have a wonderful weekend. Despite the grey weather outside, have fun! An attitude of gratitude will always shower your life with lots of colour.

Here's to great trading!
Sonia Molina

Loonie 123786?

Good Evening Traders

The EURAUD seems to have found some support at the RN/support level as price has been bouncing up and down today. This is common when price is faced with a psychological hurdle such as a RN - at least until either the bulls or bears take charge.

The EURGBP has continued south today with price almost tagging the VI. Now it's going to be really interesting to watch - will price bounce up at this strong support cluster to resume it's trend or will it continue with it's current bearish move? All eyes on this pair.

I wanted to talk about the Loonie this evening. Although over the past few months price has done a deeper pullback than I would have liked and the recent consolidation lasted some time, for me it's still one to keep an eye on.

I last wrote about this pair on Oct 21, where price has since continued to rally giving us what maybe a possible 123786. In an existing downtrend, this could only be a good thing for a continuation with the trend. Of course this pattern won't be confirmed until we see that BOB of the low, which is sitting in a fuzzy S/R zone. If price drops clear of this area we may well see price head south.














As always please carry out your own analysis and remember - don't ever second guess the market. No matter how much you think you might know a particular currency, nothing is definite in trading! Patience is a virtue.

Here's to SM trading!
Sonia Molina

Good Evening Dynamic Traders

Hope you're all enjoying your trading week and progressing well.

The Loonie today has tried to continue climbing up, but the candle today seems to be failing the high. As mentioned, yesterdays candle tagged a fib breather level so we may now see a continuation with the downtrend. But we won't know if this possible bearish flag formation is complete until we see a BOB of the low, so patience will be a virtue for this pair, as the market could do anything.

The EURNZD on the daily timeframe has continued to oscillate around the recently broken support level, not giving us any real definitive move as of yet. But checking in on the 1hr chart, we may have a poss 123786. For the day traders this will be a good one to keep an eye on. The MACD has just crossed the midline and the current bar is nice and bearish. We may just see a continuation down should this chart pattern come to fruition. As always carry out your own analysis and consult your toolbox of strategies and rules.
















I'll be unable to post any blogs for a few weeks now as I'll be out of the country, but you'll still have the great updates from Bijal and also insights from fellow bloggers on www.fxcps.co.uk and www.fxcps.eu.

Have a wonderful few weeks. Remember Dynamic Traders - plan those trades and always trade your plan!

Great trading to you all.
Sonia Molina

Loonie Pullback

Good Evening Dynamic Traders

Tonight let's take a look at the Loonie. As posted on 9 Oct, price gave us a BOB of the low. Some of you may be in this trade and initially would have seen some good profits as price continued south. However, in the last few days we've seen price bounce up for a breather and yesterday's bullish candle may have tested many a traders emotions. But the SM traders would most certainly expect price to retrace after a BOB - and surely what we can see is price simply retesting S as R. Price has nicely tagged a fib breather level which is also clustered with the S/R level - the figure is also in proximity . Of course we don't know what price will do next - will price use this R cluster as a springboard to continue down with the trend or will it resume to it's recent ranging nature?














What is the overall trend telling us? Take a look at Stochastics to help you. Overall, odds are in our favour for a continuation south, but let's see how price unfolds for the rest of the week. High impact news is due out on both currencies tomorrow, so we may see some volatility in price.

Please carry out your own your analysis.

Great trading to you all!
Sonia Molina

The Loonie

Good Morning Dynamic Traders

It's already Friday and what an interesting week it's been in the world of trading!

Let's take a look at the Loonie again. I had mentioned this pair almost a month ago now and price continued to be squeezed and has now finally broken down the 2 month long range/support area/10600 area.
















But what will happen now? We are still in the vicinity of the RN comfort zone and we can now see MACD converging. So could we see some further indecision/consolidation before a possible continuation down? Looking at the overall price action we can see the trend is down - despite the deep pullback in June it's still a good looking trend.

Gather your confluences and it's also worth looking at HTF's to make a fair judgment on this chart. Remember to always carry out your own trading analysis.

Enjoy your weekend!

Sonia Molina

Review of Week

Hi Dynamic Traders

I hope you're all enjoying the weekend! I also hope you've made time for your weekly analysis, assessment of current trades and new opportunities.

I'd like to do a review of the posts from this past week, to see how things have developed, or not as may be the case.

EURAUD was mentioned on Monday's blog and there was a potential continuation downwards on the horizon. As you can see we haven't seen that much develop with this pair. After such a long move down, it's expected that price will inevitably consolidate. Price seems to be finding comfort at the 17,000 region and continues to test the S/R zone area as resistance. By checking in on the weekly chart, you will see that the past few weeks have been quite small candles and ideally we're looking for momentum to pick up strength for whatever move this pair decides to do next! Let's see what the week ahead brings us.

Moving on to AUDJPY, our squeeze formation is still continuing and will be forced to make a decision very soon as to which direction it will go. Of course we can weigh up our odds and make our assessments, but we must always be patient and await for the market to dictate it's move. We did see a test of the upper TL, but didn't have the break and close needed to potentially enter for a continuation on the upside. So will the squeeze break upwards and continue with the current trend? Should this be the case, the conservative traders may want to wait for a break of the previous high before entering. Of course we may see price breakdown, although we do have the VI looming below which will surely act as support. Do check in on the weekly timeframe to furnish you with more insight. One to continue keeping on the watchlist!

USDCAD, mentioned on Wednesday is a similar story. We're seeing price wedge between the S and TL and we saw a fbo which tested the low and then retreated. Also take note of Friday's candle -indicating that sellers may still be in control! Again price is being squeezed into making a decision and as SM we'll be awaiting it's next move, armed and ready to take the appropriate action.

Overall, these pairs haven't seen any big moves this week for the swing trader, but that's how trading goes! This serves as a great reminder of the importance to be patient - you might be ready to trade but the markets might not be ready for you! Always remain neutral and don't have any expectations of the market.

Let's await and see how the market unfolds this week.

Here's to great trading for the week ahead!

Sonia Molina

Loonie back at support

Good Afternoon Dynamic Traders

I hope you're all having a great trading week so far! Nice to see the sun back again in London.

Today's chart is the Loonie - a favourite pair for the bloggers. As you can see price is currently in consolidation after a big move down. We have a support area around the RN which has been tested before without success of breaking. What will happen next? Will price find strength to breakthrough the support or will we see another bounce up, continuing the current breather? Whatever the case, this is definitely one to keep on the watchlist.

There is high impact news out this afternoon which may affect this pair. Be patient, be prepared and wait for the market to show its hand. As always carry out your own analysis.

















Here's to great trading!

Sonia Molina

AUDUSD & CAD

Good evening Dynamic Traders,

Hope you are having a good week. I have been trying all day to post some charts but am still not having any luck so apologies. I wanted to show you the AUD this morning on the 240 chart where price found support and has since started to head back up. Keep an eye on it for trend to resume potentially.

In addition, price on the Loonie has produced a bearish engulfing candle and will be reaching previous support soon. Again another one to keep an eye on for a good entry hould the trend continue down.

Good trading!
Bijal Shah

Loonie double bottom?

Greetings Dynamic Traders,

Hope you are enjoying your weekend. Birthday wishes to those celebrating in the last few days.

Further from Javid's post last week, I could not resist putting up the Loonie given it is showing some possible opportunity. Price has reached a previous support, a hammer is on display and in proximity to a RN. In addition we have short term MACD convergence. All this suggests that there could be a double bottom formation.

The only thing that makes me question this is the current trend which is clearly down. Therefore what we may see is a temporary bounce before the breakthrough.















Note also the EURCAD which is showing a potential triple bottom coupled with a doji, we may also see a bounce here if price cannot penetrate the support line.

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

Short Confluence

Good morning Dynamic Traders,

Those of you who are members will have received our email regarding a short last week which has given a little over 1000 points this morning.

Today I would like to take a look at the USDCAD which most of us know to be a favourite of Bijal's who incidentally is jet setting yet again so I thought I would fill in for this 130 business class flights per year dynamic trader.




Chart courtesy of Advanced Get. Data provided by eSignal.

The daily chart of the USDCAD recently had divergence while price retraced. The tag of the VI gave us the resistance reference we were partially expecting while creating a Doji like extreme.

You can check out the trends this afternoon on Anne's forex blog.

Good trading.

Javid Shaik
Forex Analyst

Loonie Lunges Further

Good Afternoon Dynamic Traders!

The Loonie has been down trending since March this year following weeks of deliberation, having enjoyed a two year ascent.

The weekly chart shows price currently debating the value index, which is fighting for recognition.

A host of resistances are sporting their colours very close by, promising to push this pair back to its established course.

Below is the daily chart for the same.

Seasoned traders will mark price seated at the trend resistance, whilst being bombarded by at least three other obstructions, forcing serious consideration for ensuing movement.

Note the value index in proximity, which may come into play, should this hefty hindrance across two major time frames succumb to this current lunge.

The 'edge' is doubtlessly in the favoured direction, awaiting the chosen strategy play.

USDCAD daily chart Advanced Get

Confident Trading!

Saba Jackson

Loonie - What next?

Dear Dynamic Traders,

Today's focus is the Loonie. I have posted below the weekly, daily and 120 time frame charts.

The weekly shows the recent downtrend and weakness confirmed by price breaking through a trendline, Fib breather level and the value index.














The daily chart shows in more detail the period of oscillation followed by the downtrend and price just having done a pullback to test the trendline and bounce down from it.














The 120 looks interesting as it could potentially be formaing a head and shoulders pattern which if it holds true could confirm further weakness and provide some target projections. From the education provided by Javid, you will have a choice of relevant tools to implement for a good entry.














Good Trading!
Bijal Shah

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

Loonie breakout

Good Evening Ladies & Gentleman,

After a long period of oscillation, the Loonie has travelled south and broken through a strong support level and is looking likely to close today's bar beyond it. For many people this looks like a good confirmation of the downward trend continuation - which it very well could be! However, the smart money will take a closer look and realise that it is not quite yet time to jump in with both feet but to be patient. The four hour chart below reveals why.














As our great mentor re-iterates, after every big move there is a pause. The below chart is showing signs of a reversal candle pattern in the form of tram tracks. Should this hold true then price will indeed be delayed if there is going to be a continuation down. Employ ESLT or other filters in your arsenal to win over the probabilities in your favour.














Good Trading!
Bijal Shah

A Canadian Consultation

Good Evening Dynamic Traders!

Following a discussion with my fellow blogger, a focus on the Loonie is lining the mind!

The weekly chart offers a long term up trend, recently challenged by the descent since March this year.

Price is presently seated at the value index and figure cluster, resulting in this weeks current rally.

Let's take a look at the daily chart below.

A definitive downtrend is in play, supported by XTL strength.

Having recently breached the value index, an expected retracement is now in action.

Dynamic Traders may now be mulling over this map, contemplating the prime price at which to sell this rally.

A number of reference points are indicated, all of which are suitably significant.

A simple truth prevails:- it is virtually impossible to know in advance which of these will trigger the reversal, if at all!

More importantly........... it matters even less so!

Choose one that tickles your fancy and defines your perfect "edge"; use it repeatedly each time this scene is witnessed, and only then will real results and benefits be manifested.

This is the essential ingredient to true "consistency" in trading.

USDCAD daily chart Advanced Get


Steady Trading!

Saba Jackson

Loonie

Good Evening Dynamic Traders,

Hope you are all having an excellent fun filled week. Below are two charts for the Loonie.

The daily timeframe shows price's arrival at a familiar support level. Should it break through this level, the VI is likely to be the next level of support.














However, before any possible movement downwards a pullback may be witnessed. The reason for this is visible below on the 240 chart. There is a possible double bottom formation, coupled with a RN. In addition MACD is converging on the 240 and the 60 minute timeframes. All of these things suggest that a retracement may be in order at least for the short term.














Fruitful Trading!
Bijal Shah