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

Swissy update

Good Evening Dynamic Traders,

The Swissy is a chart that I have been in for some time this year and recently got stopped out due to tight management of my position.
Price has gone up out of the channel to retest previous support (now resistance) which also coincides with a RN. Today has produced a bearish bar and there are initial indicators of a possible continuation although not fully confirmed. I now await for the right opportunity to enter short.














Another interesting chart is Gold, has price found its support or will it continue with the pullback? Price has not quite got to the Fib breather level which also coincides with the TL so there is a possibility that it may continue further down. I will keep an eye on this chart and if I see anything more I will post on it tomorrow.


Good Trading!
Bijal Shah

Enter the Swiss Support

Good Afternoon Dynamic Traders!

The dwindling Swissy has finally been stung by a stalwart support, distinctly visible on the monthly chart below.

Note the historical significance of this trend brace, which has behaved as a sturdy resistance many a month before!

We witnessed price attain a momentous low early last year, breaking through the almighty figure, resulting in the reliable "traders' anguish" behaviour.

This all time base and zero may be now be attracting price once again, begging it to re-test the same.

The noteworthy support is also clustered with the horizontal on the daily time frame.

Dynamic Traders who missed an opportunity to profit from this steady subsidence, may wish to objectively observe current play; anticipating a break of the buttress, in support of the friendly trend.

The conservatives among you are reminded to refer to your strategy folders, marking the AA, for a swing in the very near future.

Always heed the nature of market movement; a crusade in the opposite direction will still affirm the market is always right.

Knowing this to be the truth, consistent traders will religiously employ their risk management rules without hesitation.


USDCHF monthly chart Advanced Get

Good Trading!

Saba Jackson

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

Swissy Serenity

Good Morning Dynamic Traders!

Our third Musketeer had been climbing comfortably since March last year before experiencing the land slide in December.

The up hill ascent resumed in the New Year, confirming the relationship with its two companions.

Below is the daily chart for the USDCHF.

Price in relation to the value index and indeed another distinct median, clarifies a bullish stance.

The tip toe downward since the beginning of this week should alert all Dynamic Traders to the ensuing movement on the horizon.

At least two special strategies (savoured by all Dynamic members) are being groomed on my watch list.

Choose your position, calculate your risk and exploit the opportunity, remembering always to be certain of an uncertain outcome.

Heed the news items due this afternoon!

USDCHF daily chart Advanced Get

Above average Trading!

Saba Jackson

Swissy - 2 Legged Extension?

Good evening Dynamic Traders,

The Loonie provided some nice profits on the bounce up (moved up approximately in excess of 200 pips). Starring on the blog tonight is the Swissy.

The Swissy is showing a possible 2 legged extension. Price has retraced to a Fib breather level and is now getting itself ready to face the VI which is currently acting as support. Its on the watch list for a shorting opportunity should it break through the highlighted support level.














Good Trading!
Bijal Shah

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

Swissy - change in trend?

Dear Dynamic Traders,

The week is nearly over, hope you have had a good trading week. Take time to celebrate your successes.

Today's post consists of the Swissy. This pair has been in consolidation for some time and over the last 2 days it has moved some 754 ish pips. Price sprinted through the value index with not much hesitation and tagged a Fib breather level, but looks unlikely to close below it today. We are now waiting for confirmation of whether the trend has actually changed or if this just a news driven temporary move. If price breaks the support line as drawn on the chart below, there may be an opportunity to observe further weakness.














Good Trading!
Bijal Shah

The 'Opportunity Flow'

Good Afternoon Dynamic Traders!

I have prepared an extended review, with forced focus on the recent events of the CADJPY; the subject of the note on 5 March.

Cross referencing is highly recommended.

CADJPY (x ref BLOG 5 March)

Although the definitive trend is downward, the four hour chart displayed an uphill ascent since mid January.

Early signs indicated a probability of price scaling towards two key fib zones before facing a stronghold.

Indeed, there remains a valiant sign of strength should this resistance be convincingly breached.

Below is the 60 minute chart for the same.

Having posted the blog, a look at this lesser time frame, nearing a key reversal time, would have presented you with a clearer picture for a wonderful intraday opening!

A close study of the snap shot below details the abundance of clues, which resulted in price cascading a staggering 275 pips within twenty four hours!

The four hour chart is now promoting a glorious DB especially fitting in the noticeable uptrend.

Perhaps the apprentice Dynamic Trader may wish to (un)cover the significance of this set up for ensuing movement?

Seasoned Dynamic Traders will always view the market objectively, thereby enabling 'conscious' access to their knowledge of market movement.

With this mind set, market openings present themselves with greater clarity without the need for any certainty of market direction.

Keeping the mind open to an exchange of energy allows the market to tell YOU what will happen next.

A converse approach will often result in trading misfortune.

CADJPY 60 minute chart Advanced Get

Dow Jones (x refer BLOG 2 March)

Following last week's note, price plummeted an enormous 600 pips to the fib and mob support zone, where it is presently perched.

Compliments to those who braved this barter and poached this prime profit.

You have a handy head start to the month.

A period of consolidation is likely after this frenzied fall.

USD CHF (x refer BLOG 26 February)

Price was determined to rally into the squeeze until it finally forgave over 230 pips, which the aggressive trader may have pinched!

Below is the daily chart for the same

Entertaining swing scopes are now available including our mentor's DD approach, to which I have allocated this pair.

USDCHF daily chart Advanced Get

Perceive the market objectively; unaffected by what will happen next.

Make yourself "available" to market behaviour as it unfolds: the 'now' moment.

Pre-define and contentedly accept the risk.

Finally.........let it go!

Now watch the 'Opportunity Flow'!

Saba Jackson

A Likely Line-Up!

Good Morning Dynamic Traders!

This week has already delivered a bountiful booty for those 'on tap' with the market.

It is likely to promise further favours before we close for the month end.

The Swissy is the subject of my scrutiny today.

The weekly chart displays its unsettled behaviour; we have witnessed price dither at the value index this entire month!

Below is the daily chart for the USD CHF

A congregation of confluences are upon us.

The triangle formation is tightening its grip as price contemplates a stalwart trend and horizontal support.

A peep at the BB study nods in favour with the complimentary sub chart mac d, whilst the wave 5 elliot wave is keen to comply.

A break and close below the brace may bid a conservative swing opportunity.


USDCHF daily chart Advanced Get

The four hour chart below beckons an alternative (aggressive) arrangement for the trigger friendly

trader, which agreeably complies with the daily directive.

Mark the price piercing at a near term trend support confluenced with the figure and a noteworthy fib breather buoy within view.

Beware!....... the value index intimidates a support area close by, which must be heeded with caution.

Utilising your ESLT and BOB filters attentively, another likely 'line-up' is at hand!

Heed the US news releases today!


USDCHF four hour chart Advanced Get

Flexible Trading!

Saba Jackson

The Aussie 'Look Out'

Good Morning Dynamic Traders!

The AUD USD pair cited on the 4th February, has been a watch list entry for some time.

Below is the weekly chart for the same.

Price has been demonstrating a downward assault since July last year.

The bearish flag formation conceded last month is presently approaching a trend support district.

AUDUSD weekly chart Advanced Get

An aggressive view of the daily chart below reveals a similar pattern in play.

Using your toolkit to define further variables, an acceptable entry point may be chosen for a likely swing towards the next price zone.

A moderate stance may wish to anticipate a mechanical AA line up for an alternative profit opportunity.

AUDUSD daily chart Advanced Get

Tip Off

The Swissy subject considered on February 5th and again on Friday is moulding a pleasing 123 886 as I write.

Given it has been re-inforced in last evenings note, Dynamic Traders may wish to consult their analysis screens for a timely market 'open' entry.

Regulate your rules attentively!

Good Trading!

Saba Jackson

Swissy for the watchlist

Greetings Dynamic Traders!

Belated Happy Valentines Day to you all! Hope you had fun (at least for those that remembered!).

Welcome to the newest forex apprentice's starting on Monday. Hope you are ready for an exciting few months of learning from the great Joda of the markets. May the force be with you!

I have spent some time today updating my trading plan before I did my analysis. To my surprise (pleasant) I was able to cross off one improvement item which I have overcome in my trading. It is good practice to revisit and revise your trading plan as each one of us is constantly evolving and growing.

I have picked the Swissy to discuss today. Price on the Weekly chart has been at around one area for about 4 weeks now, close to the value index. It is also approaching a Fib reversal area and the last 3 candles have been doji (a candlestick expert once told me that the doji singular and plural is the same). The normal conclusion from all of this would be that the price will turn or retrace so why am I hesitating to say that?















In addition to the above, our friend MACD, on the daily timeframe is showing divergence. The reason I am going to keep this on my watchlist is because there may be a retrace before price decides to continue because it has been making higher highs and lower lows and the recent trend has been up.













Note, the US are on holiday tomorrow so markets may be slow


Good Trading
Bijal Shah


Imagination is more important than knowledge. For knowledge is limited, wheras imagination embraces the entire world, stimulating progress, giving birth to evolution.

Albert Einstein

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

Follow Javid on Twitter
Follow Anne on Twitter

Beautiful Bounties!

Good Morning Dynamic Traders!

Another prime trading week is coming to a close, leaving room to reflect on recent activity.

Below is the 4 hour chart for the Dow Jones (x refer BLOG 11 Feb)

This index chose to break through with a vengeance yesterday rewarding Dynamic Drivers with almost 230 pips before consternation finally pushed price uphill.
Bravo to those of you who rallied towards the finish line yesterday evening!

The daily chart is currently bragging a fine dragonfly doji, supported by the bullish engulfing candlestick on the 4 hour chart below.

Dynamic Traders should recognise the likely ensuing movement and may wish to reap a little more reward before the trading week concludes.

Your fib studies as well as a closer look at support and resistance lines, may intimate exit areas.

Consider ESLT carefully.


Dow Jones 4 hour chart Advanced Get

EUR GBP (yesterdays BLOG)

This cross has already forgiven a beautiful bounty to the tune of 200 pips today!

This confirms (yet again) the muscle of a 'confluence of events' over differing time frames, that simply cannot be overlooked.

Heed Dynamic Traders..... our mentor repeatedly drills these incidents at us on a regular basis.
This should, by now, have seeped into your subconscious minds allowing you to profit from regular opportunities.

Watch list Entries

AUDUSD (x refer BLOG 4 Feb)

This pair has yet to break a trend line in its chosen direction, before a swing opportunity prevails.

USDCHF (x refer BLOG 5 Feb)

Remain on guard with this pair!

The reversal wick on the weekly chart is teasing action for next weeks play.

Discerning Traders may also wish to read Richard's excellent 'post activity' analyses on the latest sister site, which offers extensive insight and knowledge for future barter scrutiny.

An Amorous Weekend!

Saba Jackson

Weekend Recollection

Good Evening Dynamic Traders!

After an eventful news day followed by heightened market volatility, and indeed the lunar NFP due tomorrow,my trading boycott is still in force.

A welcome opportunity to re-visit a recent trade.

USDCHF (xref BLOG 28 Jan)

Following the note, the Swissy continued to find strength until it finally forgave an acceptable 266 pips at an explicit 123 top and reversal wick.

However, the strength to the upside is persisting whilst MacD (daily chart) survives an ongoing divergence.

The larger time frame may identify a tip-off towards a clearer reversal region.

Below is the weekly chart for the USD CHF.

Dynamic Traders will immediately mark the proximity of the value index to current price action

The fortified cluster of the resistance line, weighty fib reversal and the figure should be alerting you with blaring sirens!!!

A reversal or a breakout is on the cards, with the former meeting my seal of approval.

With the markets decidedly in power, a composed and watchful eye should be kept on this pair for a lucrative ride either way.

Filters and ESLT must be employed diligently.

Braving the Eurostar this weekend, and further likely snowdrifts across the channel, will mark the return of my dailys' next week.



USDCHF weekly chart Advanced Get

A snug weekend!

Saba Jackson

A Swissy Spring

Good Evening Dynamic Traders!

This is certainly proving to be a challenging trading week, with price intent on security after last weeks soaring volatility.

The Swissy has been part of this agitation donating a buoyant display over the last eight weeks.

Price had been consistently falling since 2000, temporarily ending its descent in March last year after which we witnessed an incline for most of 2008.

December disclosed a sharp downturn, followed by the expected dollar strength this month.

Below is the daily chart for the USD CHF

Last week concluded with a signature gravestone doji, at a round number, indicating yet another "spring" in the trend.
This week has thus far confirmed the movement, confluenced with an overbought signal on our unique sub chart study.

Our very own mac d is also saluting the signal.

For those who are very familiar with Advanced Get, may recall the "Type 1" strategy.

The regression trend channel is consenting nicely together with the oscillator study.



USDCHF daily chart Advanced Get

The four hour chart below exhibits price sealing itself into a wedge formation, with resistance dominating at a trend line and figure cluster.

You may wish to keep a guard on this pair by utilising your remaining "tools of the trade" and await a definitive directive.

Be sure to call in your ESLT and risk management rules before bouncing in!



USDCHF 4 hour chart Advanced Get

Brave Trading!

Saba Jackson

Aussie & Swissy trade management

Good evening traders,

Tonight I have picked the AUDUSD & Swissy charts to discuss.

The AUDUSD has been climbing up slowly and today has tagged a previous resistance. However, there is divergence on multiple timeframes so its worth managing your position if you are already in it or awaiting a pullback for a good entry position. Note the RN also has its part to play here as it is in close proximity to current price action.

The Swissy is also in a similar (albeit) opposite position where it has reached strong support on the downtrend. Again signs a strong for price continuing south, however it has made a large move today and convergences appear on multiple timeframes so a breather or pullback can be expected.

Good Trading

Bijal Shah

192 Pips Captured

Good evening dynamic traders.

Hope you are all having a great trading day. I have spent the day with Clayton live trading and it has been a little slow as far as opportunities were concerned but still managed to take 192 pips so far. Both Clay and I are still in the USDCHF short trade.

I have not had many chances to do updates recently but I know you have all been enjoying updates from my fellow dynamic traders. I would like to welcome Clayton as the newest Dynamic Trader contributor to our forex blogs. Both Anne and I would also like to thank Clayton, John, Bijal, Saba and Jagir for their regular enlightening updates.

Congratulations to Imran and Zaheer for taking 400 pips from the market following what I showed them on our live trading day Friday and to John for using my 3D to gain 103 pips profits too for little effort.

Please do not forget to add the following sites to your favourites for daily forex analysis.

www.fxcps.com/blog - daily updates

www.fxcps.co.uk/blog - daily updates

www.dynamictraderblog.com - updated 1-2 times a week

You can also follow us on Twitter for real time trading suggestions.

Follow Javid

Follow Anne


Good dynamic trading...

Javid Shaik
Forex Analyst

Pumpkin Pie

Good day DT's,

As our friends across the pond prepare for Thanksgiving, the markets are such that we should do some giving of thanks of our own. What a great day Monday was (apart from the cold), well done to those of you that got a piece of the pie. I made close to 400 pips on the Loonie and am still in my 3rd trade, risk free and managing my position.

I have posted the EURUSD and the Swissy today. These are known as inverse currencies. The EURUSD on the weekly chart shows lots of reversal candles and then a bullish candle and MACD coming towards the 0 line.

On the daily chart the break of the trendline is apparent with a convincing bullish candle which is heading for the figure and a couple of resistance levels. The conservative trader may wait for confirmation of reversal once price has surpassed the immediate resistance levels.















The Swissy weekly chart shows a possible tram track formation (not yet confirmed). Price may find a hurdle at the 200 MA which may act as support. The swing trader may wait for price to get through this support before entering the trade.

The 240 Swissy chart shows price has broken a trendline and is heading south. MACD is following price action. Next support level has been drawn in on the chart below.

Abundant trading!

Bijal Shah

Read Anne's forex blog here
Read FXCPS.co.uk forex blog here
Follow Javid on Twitter
Follow Anne on Twitter

"Your brain can hold the equivalent of twenty-five million books. The Library of Congress only holds seventeen million."
Richard Swenson, MD

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.

400 Pips with 3D on GBPUSD

Good morning forex traders.

Unfortunately due to a commitment yesterday I was unable to take the trade on the GBPUSD using 3D but those who took the trade will be smiling away with over 400 pips credited into their accounts. $4000 dollars for a days work based on a 5 minute analysis and very low risk is good reason to be cheerful.

If you are following us on Twitter then you may have decided to take the USDCHF mentioned about an hour ago which I am now managing and again for all of 30 seconds to identify the set up the rewards are good although not as spectacular as yesterdays.

I also wanted to inform you all that finally we will be having the long awaited updates from Bijal Shah. As of tomorrow Bijal will grace this website with daily updates of her analysis.

Until Bijal's forex analysis tomorrow, good dynamic trading...

Javid Shaik
Forex Analyst

The Rule Of Reflection

Good Morning Dynamic Traders!

We are nearing the close of an historic week delivering much welcome news. Yesterday saw the base rate plunge to a new low and today we are expecting the much volatile NFP release.

Given it is also a Friday, my trading rules command a period of review and reflection; a crucial part of a Dynamic Traders practice.

Below is the 4 hour chart for the USDCAD.

This pair continued to retreat this week (BLOG 3 NOV) producing over 500 pips profit!

Given the general trend is upward with a price recovery in action, we may see sufficient momentum to continue the rally.

Diligent weekend analysis will determine a timely entry in the appropriate direction.


USDCAD 4 hour chart Advanced Get

Much focus on the CADJPY cross this week has clearly paid enormous dividends! Price has slumped from 85 to 80 yielding terrific gains!

Those of you who have a "running" position may want to adminster it with care.

The Swissy (below) is evidently in no rush to grant us with a conspicuous "swing" opening, but our ability to observe and linger from the sidelines will eventually award us with an opportune trade.

USDCHF daily chart Advanced Get


I wish you a pleasant and considered weekend.

Saba Jackson

Savour The Swissy

Good Morning Dynamic Traders!

Those of you who are regular readers of these updates, may have deciphered my preferred trading style.
The ultimate trader will employ both long and shorter term strategies empowering a sustained flow of profits.
A big benefit to a swing trader is the ability to "snap" a reversal in price. Although a high risk strategy, with judicious analysis and an excellent ESLT, a festive feast can be enjoyed!

Below is the weekly chart for the USDCHF.

We have observed a steady mount since March 2008.
A noteworthy fib level is approaching, followed by the figure. Macd together with other indicators reveal that price may be nearing boiling point.
The lower time frames will also furnish you with abundant clues.

We may see a "fizz" towards 1.18 and the figure thereafter, but a change of trend could be looming.

The ability to wait..... and watch..... is key!

You will relish the rewards when they appear.


USDCHF weekly chart Advanced Get

Sweet Trading!

Saba Jackson

Swissy breaks resistance!

Good afternoon Dynamic Traders,

The USDCHF broke the resistance level this morning and has potentialy found a new resistance at an 886 fib cluster. As it's Friday it'll be wise to wait till Monday before opening any new positions but this pair is one to keep an eye on for next week.
Note: this is a great example of when the maket doesn't move as anticipated but by having a solid trade plan and following all your rules you should still have made a small profit or at least been stopped out at break even.

Always keep in mind, capital preservation is one of the key skills of a successful trader.













USDCHF forex chart from Advanced Get

Good trading.

Swissy, hits resistance on 60Min chart

Good evening Dynamic Traders,

The USDCHF has had a potential breather and looks as if it has hit a good resistance level. This should mean we can look forward to further movement down unless we have a BOB of the resistance level. For those of you in this position you should now be in good profit, as always manage your trade following your trade plan.













USDCHF forex chart from Advanced Get

Good trading.

Swissy coming down?

Good evening Dynamic Traders,

I mentioned the USDCHF a few days ago for a potential reversal set up and since then it has moved down a good 300 pips or so. For those of you in this trade make sure you're managing your position. Be aware of the next obvious support level.













USDCHF forex chart from Advanced Get


I've still had my eye on the EURGBP which has pulled back as I mentioned I thought it would into what now looks like a potential ABC correction which has fallen near a Fib cluster. There may be some long opportunities on this pair so keep your eyes open for good set ups.













EURGBP forex chart from Advanced Get

Good trading.

Swissy Fake break out???

Good evening Dynamic Traders,

Below is the USDCHF weekly chart. The overall trend for the last 8 years has been down and now we've reached a resistance level at the figure 1.1600 with MACD divergence. Last weeks close was slightly above the previous high so we may have a fake breakout. I've got my eye on this pair for a reversal to the down side.













USDCHF forex chart from Advanced Get

Good trading.

CHF follow up

Good afternoon Dynamic Traders,

I hope you've all had a fabolous start to the week.
I mentioned a potential ABC correction on the EURGBP on monday, I entered this trade yesterday and got stopped out for a small loss this afternoon. This is still on my watch list as the daily looks like it's making a candle stick reversal at an 886.














EURGBP forex chart from Advanced Get

The other day I also mentioned the 123 top on the USDCHF, I had a look at this again this morning and it was making a pullback towards a 786. I put a limit order in on the break of a trend line on the 60M chart, I was triggered in between 5 - 7 am. Presently i'm in a small amount of profit and now I will just manage this trade.














USDCHF forex chart from Advanced Get

Good trading

CHF 123 TOP

Good afternoon Dynamic Traders,

The USDCHF has made a potential 123 top yesterday so they may be some good short trade set ups. This is now on my watch list, I'll be checking this pair tomorrow morning. Take note of the candle stick reversals and the longer term trend. Also look at the other time frames for additional confluence of events.













EURGBP forex chart from Advanced Get

Good trading

Swissy Entry Point

Welcome to another forex trading week dynamic traders.

I have been looking at the USDCHF for either a reversal or breakout and continuation.

Advanced Get Elliott Waves shows a good wave 5 set up with wave 4 behaving well. The MOB is shown on the chart to identify a possible target. XTL is flat at present.

Alternatively, discarding Elliott Waves, this chart shows a reversal potential based on the figure, divergence and a possssible double top pattern.

It is 2.30am Monday morning at the moment and I will await to see what happens when I wake up to decide my position on this. This is also going to be decided by the markets reaction to the 700 Billion bailout approval.

Whether we have a continuation or reversal, this pair could provide some excellent profits in the coming days.

CHFJPY is at a support level this morning. If you are still in this trade based on this forex analysis then now is another time to manage that trade.

Click here for Anne's forex blog.




Swissy Daily Advanced Get Chart

Forex Analyst
Javid Shaik

Understanding Forex Charts

Good morning dynamic traders.

The Euro Dollar had reached and breached the support level where the double bottom resided. It is now at 1.5000 zone and finding support with a bounce overnight of 100 pips. The 1.5000 is a previous resistance and a psychological support. This pair is deep into oversold levels so we pullback soon is likely. However, a pullback and continuation to the downside should not be written off but a pullback non the less.

The Dollar Swiss Franc is close to a previous resistance and just popped above the institutional moving average on Friday and overnight started to head to the downside. This could be a pop and drop or a reversal and it is too early to tell so price should take us into this trade unless those of you who are aggressive traders positioned yourselves last night for a pop and drop. This too has moved in the region of 100 pips to the downside overnight with support at 1.0730 level.

The Australian Yen has made us good profits and intraday has reversed. We were stopped out overnight on this cross but are looking for another entry riding the short towards the 96.00 zone. However, we may have a pullback before this happens so patience maybe necessary.

Todays daily pivot points are below.


Source: Dynamic Trader Forex Toolkit

Have a good trading week.


Forex Analyst
Javid Shaik

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.

Click Here For FREE FXCPS Update Notifications!

Forex Analyst
Javid Shaik