JPY - Second bite of the cherry?

Good Day Dynamic Traders,

Hope everyone is enjoying their weekend. The days are finally getting longer and lots to look forward to in the coming months including the world cup!

A brief update on my last blog:

Gold: Still finding resistance around 1125. Waiting for further signals before entry.

CADCHF: MA has been tagged on the weekly. Daily presents a gravestone doji. Again there may be a pullback before a second try, no one knows so waiting for further confirmation before entry.

EURNZD: Shows a bounce off the support line which is not unusual. Again patience is key before entering. As I will be entering with the trend I will wait for a breakdown.

The USDJPY chart below shows price reaching VI and trendline resistance and a candlestick reversal providing a possible short entry opportunity. Various entry techniques can be applied once you are comfortable with taking on the trade.














Good Trading!
Bijal Shah

USDJPY

Good Evening Dynamic Traders,

Hope you are all having a good week. The currency markets have been a little slow lately (particularly for the swing trader) while the buyers and sellers make up their minds.

The GBPCHF has been producing some nice profits over the last few trading days.

Today's chart for discussion is the USDJPY. Price has been in a downtrend albeit with deep pullbacks. It has now arrived at a previous support which is also at a RN and a Fib reversal level. All the signs are indicating towards a bounce or pullback in the short term. If this happens there may be opportunity to enter once the trend resumes, therefore one to put on the watchlist.














Good Trading!
Bijal Shah

Euro 123886

Good Day Dynamic Traders,


Below is a 240 chart for the EURO and a follow up on the USDJPY which was posted last week.

The Euro has seen a steady (ish) uptrend since March this year. Having reached the 1.48 mark recently we saw a pullback at a previous resistance. Currently as the chart stands it appears to be doing a 123886. As with most chart patterns, it is difficult to confirm until after the event therefore the presence of confluences is crucial. I am not suggesting that you trade the 123 as it would be going against the trend. However, you may want to wait for the completion and if price resumes the trend a good opportunity may arise for entry.














The USDJPY has produced a large bullish candle on Friday. Price is now approaching resistance which it may hit and retreat or it may penetrate. I have also drawn in a further resistance should price break through the first layer. If price finds it difficult to break through given the trend down, an opportunity will be available to enter short again.














Good Trading!
Bijal Shah

Gold creates a new all time high

Good evening dynamic traders,

Hope you are all having a good week.

There has been a barrage of high impact news out today and it has no doubt had an impact on the markets today. The price of Gold has made an all time high confidently piercing through previous resistance. Price changed direction in April and has been going up since. Will it continue to hold is the question?














The next chart for discussion is the USDJPY. This chart has been in a downtrend since April this year although it wasn't so easy to determine the trend until recently. The head and shoulders spotted in May has completed and price has been making lower lows and lower highs. Price is now arriving at a previous support level and is currently at a Fib reversal level. If you are already in the trade, good trade management is now required. If not in the trade, one to keep an eye on, a good entry may be available soon.














Good Trading!
Bijal Shah

All that glitters....

Good evening Dynamic Traders,

The EURGBP mentioned on Monday is starting to look like it is moving to the downside. Some of you may already be in the trade.

Below are the daily charts for Gold and USDJPY.

Gold has seen a big push up today, price has broken through trendlines and produced a break out. Given that price has found resistance not too far away, it may be worth waiting for the previous resistance levels to be broken before a long entry is taken. Definitely worth putting on the watchlist.














The next chart is the USDJPY. Price has broken through a trendline and is looking bearish. This may be a good opportunity upon the break of the support line on a shorter timframe to keep on the watchlist.














Good Trading!
Bijal Shah

Review of the week

Good Day Dynamic Traders,

Hope you are having a blissful weekend.

Just to recap on the trades posted from last week:
The AUDJPY produced a bullish break out on Friday, as we all know this is influenced by NFP so the next days will tell us whether this is a true break out or not.

The Swissy headed north after coming close to a break down, again it will remain on the watchlist as sooner or later price will break out of consolidation mode.

The GBPCHF remains at a double top formation with support from the value index. A break out need not be ruled out just yet.

The two charts that I would like to discuss today for their potentiality are Crude oil and the USDJPY. Both are at a point where price may break out and therefore are good for the watchlist. Unfortunately I am unable to post the charts at this moment but will try again later as the visual will help understand what I am trying to articulate.

Good Trading!
Bijal Shah

Greeting the Yen!

Good Evening Dynamic Traders!

It is a pleasure to return to the trading table after a sunny break!

Having been greeted by the predictable unreliable weather back in London, I was somewhat surprised to find my internet connection behaving in a similar fashion; one that is stifling my ability to publish notes successfully. This may continue until mid September.

What better blog to commence with than my very favourite, USDJPY.

Exactly a month ago (x refer BLOG June 15), the note promoted a southward sail. The prevailing wind has promisingly obliged to the tune of 400 pips!

A downward trend is also detailed on the 'big brother' screens indicating further earthward strength may be yet be left, encouraging the ship to head towards the zero at 90.

Below is the daily chart for this pair.

Note the recent breach of the determined range bound period since March this year, fostering further weakness in price.

Clustered with this we have a favoured breather in play, together with a dancing line-up!

However, a likely storm in the trend line on the horizon may cheat the desired direction.

Seasoned traders will not be deterred in the least by such behaviour.

A simple survey of your navigational instruments should already have determined the desired edge.

Allow your vessel to follow through!


USDJPY daily chart Advanced Get

Directed Trading!

Saba Jackson

A Pressured Yen

Good Morning Dynamic Traders!

The Yen remains on the watch list whilst patiently perceiving a secure entry with the southward trend.

The last published post (x refer BLOG 25 May), highlighted the triple support cluster, which unanimously upheld price, sending it vigorously back to the righteous resistance.

Below is the weekly chart for this pair.

Note the proximity of the mighty 'zero' eager to make a stand, as the wedge formation promotes a wager in either direction.

An absent, but all important ma, signals the strength of this brace, aiding in the well known "confluence of events".

USDJPY weekly chart Advanced Get

The daily chart below offers a birds eye view of the same with the value index preparing to debate its position once again.

Price will presently be required to make a decision on a directive, whilst the tentative fundamentals due tomorrow, may encourage a movement.

Filter your ESLT prudently whilst patiently attending a signal.

USDJPY daily chart Advanced Get

Advanced Trading!

Saba Jackson

Head & Shoulder Review

Dear Dynamic Traders,

I thought I would take the opportunity to review the AUDNZD and USDJPY head and shoulder patterns I posted recently.

AUDNZD

Below is the daily chart for the AUDNZD. Price broke through the neckline and has now gone back to retest it. As we know price will not move in a straight line and a pullback is expected. Either price will continue down or go back for a re-test of the 1.29 area. If it continues down, the head and shoulder measurements can be used for good trade management and exit. If price breaks up beyond the H & S, we will have a failed H & S and filter tools may be utilised.














USDJPY

The weekly chart of the USDJPY below shows price retesting the trendline.
On the daily chart price has broken through the neckline and is challenging the trendline which may act as resistance and force price back down which may provide a good entry opportunity. Remember to consider the alternative to avoid bias as anything can happen.


























Good Trading!
Bijal Shah

Tempting The Yen Trend

Good Evening Dynamic Traders!

Three major time frames exhibit a certain down trend in play with the USD JPY pair.

Yet, the very same structures are acknowledging a support restraint, eager to display muscle; challenging the building brawn towards further frailty.

The weekly chart below illustrates this clearly with the formation of a triple cluster at a trend line, figure and fib breather support.

USDJPY weekly chart Advanced Get

Below is the daily chart for the same.

Note price neatly placed at the sharpened trend resistance, whilst the supports in sight temptingly seduce action in the favoured direction.

Heed the on and off chart indicators supporting price vulnerability in the making.

USDJPY Daily chart Advanced Get

Discerning Dynamic Traders will patiently perceive an entry signal, preferably selecting a tried and tested strategy.

This will ensure profits can be pipped comfortably, in harmony with the personal trading plan.

Consistent Traders are only born through steady 'strategy' play, never deviating from the rule book and through regular review of their results.

Consistent Traders always think in probabilities, trading each and every "edge" they see (as determined by their decree), and without the slightest hesitation.

Consistent Traders always pre-define their risk; they accept the chance and let go of the trade.

Consistent Traders know how and when to take profits when the market makes them available.

Determined Trading!

Saba Jackson

Head & Shoulders?

Good Day Dynamic Traders,

Today's chart is the Dollar Yen. After a longer term downtrend, we have observed the price rally since the beginning of this year. It has challenged the 100 mark numerous times, successfully broke through it on one occasion but found resistance further up and came back down again. Price has since not been able to break above this level.

The daily chart below is presenting us with a possible head and shoulders in a downtrend. The reason I say possible is because we would not know until the pattern has completed. Price is at the trend line, should it break through, our learned mentor's entry strategies can be employed to enter the trade. Do note that price will not move in a straight line and will likely come back to retest the trend line.

Equally given that price is at a trend line it may find support and bounce up. Nothing in trading is guaranteed therefore the best position to be in is in a state of readiness to receive what is being presented and act appropriately.














Good Trading!
Bijal Shah

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www.dynamictraderblog.com

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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

The Yen Proposition

Good Morning Dynamic Traders!

The Yen's 2009 ascent is once again under scrutiny.

The daily chart below intimates movement on the horizon whilst price contemplates direction.

Note the congregation of various events providing a picture postcard display!

Yesterdays note advised you of the fresh stance being employed for the near future.

With this in mind, my trading platform is already perceiving 'play' with this pair, patiently awaiting the prompt.

A pleasant queue is also presenting itself on a lesser time frame, perhaps confirming direction.

Only price and time will tell!

USDJPY daily chart Advanced Get

Smart Trading!

Saba Jackson

Dollar Yen Squeeze

Good day Dynamic Traders,


We have mentioned the "Musketeers" recently and you will notice since the news last week price on the main Dollar currency pairs has been consolidating after the large moves.


Its been a while since we looked at the Dollar Yen. The 240 timeframe chart below is displaying a squeeze formation. After reaching Fib reversal levels price has retraced a nominal amount and is coming into a squeeze. Note the trendline resistance which price has bounced from several times. This is one for the watchlist to see if it breaks through the trendline and heads for the 100 area again.














Good Trading!
Bijal Shah

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Yen Century?

Good Day Dynamic Traders,

Gold has today reached the next breather level as noted last night. One to keep a keen eye on for entry with the resuming trend.

Below is the daily and 4 hour chart for the USDJPY. Having done an almost straight run up since the 11th of Feb, price has been stalling for the last few days around the same level. The value index resistance was overcome and price now faces challenges by way of key Fib levels and the big 100 number. The big brother charts are showing strength in the uptrend though its worth going down to the 240 timeframe to see what is in store for the shorter term.














The 240 chart shows that price needs to get through the 123886 hurdle before it can proceed upwards. Therefore a retracement may be witnessed before ESLT can be applied to a BOB for a long entry.














Good Trading!
Bijal Shah

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Gold & Yen

Good Evening/Day Dynamic Traders,


Having mentioned that the Yen currency pairs have been quiet recently, they all happened to make massive movements today. Well done to those of you that captured some of the movement. I have taken the opportunity to revisit the previous blogs for USDJPY and Gold from last week.


The USDJPY daily mentioned on last Thursday's blog is posted below. It has broken through previous resistance and gone through the Fib breather level on the weekly chart. MACD is showing continued strength to the upside. That said, price is approaching several confluences including the figure, Fib cluster and the value index. If the trend has indeed changed then all of these will merely delay price going upwards and good management of the trade will enable profit taking. If price is retracing to the next breather level, before it continues with the trend, then a good aggressive opportunity may be available for entry.















Gold (mentioned last Wednesday) did infact tag the 1000 mark again, and provided a nice reversal candle before retreating down. It will soon be faced with a strong support level combined with a Fib breather level. If the trend continues to the upside this area will provide good opportunity for entry on trading with the trend. One for the watchlist!














Good Trading
Bijal Shah

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USDJPY

Good Evening/Day Dynamic Traders,

Below is the USDJPY daily chart. The price is approaching a previous resistance level and could turn out do a double top. The overall trend is down and therefore having done a retrace, price may head back down. There are some further signs to confirm a possible retrace on the 4 hour chart below, where you can see MACD divergence and also a potential reversal candlestick formation by way of tram tracks. Having said all that, the weekly chart shows that price has a little way to go before it reaches the Fib breather level which may mean that it has some steam left to the upside. My conclusion therefore is to wait for a BOB and apply ESLT or a filter to ensure you don't get caught by a fake breakout or wait for confirmation of reversal before entry. Either way be patient and cautious given that it is also the end of the week.


























Good Trading!
Bijal Shah

Have an awesome weekend.

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A Sunday Study

Good Evening Dynamic Traders!

Having broken into 2009 with explosive volatility, February looks set to start in similar fashion!

A review of recent pairs may proffer varied opportunities for the week.

USDJPY (x ref BLOG 19 Jan)

This choice pair continues to observe analysis, tumbling another 353 pips to re-test a momentous support, before retracing to rest within a fib region!

Felicitations to the Dynamic Riders!

Although the weekly chart persists to threaten an impending reversal, we may, once again, spy another bold run towards the low, forming a triple bottom, should signals permit.

Below is the daily chart.

The trend is clearly tailored downward. Swing traders may wish to wait for a break of the support before joining the journey for further gain.

The 123,786 in view, may entice an aggressive stance for a flow beyond the trend line break, with a judicious ESLT in place.

USDJPY daily chart Advanced Get

Dow Jones (x ref BLOG 21 Jan)

Below is the daily chart.

Price veered away from the horizontal last week, but has again fought its way back down towards the support, seated at a trend line brace and a zero figure.

A swing stance for this erratic index instructs me to attend a break of these buttresses.

Assuming this, revenues may be within reach, as price burrows towards the support zones at 7800 to 7500.


Dow Jones daily chart Advanced Get

EURUSD (x ref BLOG 27Jan)

Below is the daily chart.

No sooner was the previous note posted, price plummeted by 350 pips providing pleasing profits for Dynamic Traders who enjoy this pair.

Beady eyes should remain on the AA which has almost ripened pending the agreement of a special sub chart study.

We may find a long term "swing" in play if a breach of last weeks support is confirmed.


EURUSD daily chart Advanced Get

With the myriad of news items due this opening week, Dynamic Traders should employ their risk management rules religiously in each case.

The next update will be on Tuesday.

Dynamic Trading!

Saba Jackson

Patience is key

Good Evening Dynamic Traders,

Hope you are having a pleasant week so far. Akin to Saba, I would like to also express gratitude to you, the blog followers, for your kind comments, feedback and words of encouragement sent to Javid and Anne. When you hear of people succeeding due to the blog output, it gives even more pleasure and energy to continue with the contribution. None of this would be possible without having genuine, unconditional guidance, support and mentoring from two exceptional people - Javid & Anne.

I just want to talk about last night's post momentarily as it highlights the importance of filters. The USDJPY did a fake breakout today, got to the 90 area and then shot down. Patience is really key, waiting for the BOB and then applying ESLT would ensure that you would not get triggered when there is a spike most of the time (as nothing is a 100% guaranteed especially in trading!). There are now 3 spinning tops on the daily chart, this pair will remain on my watchlist.













There are currently many charts that are in consolidation mode so its time to wait and watch for the right time to enter. To that end, below is the EURCAD chart. The weekly shows the uptrend and the strong support/resistance levels that have halted price many times.

The daily shows the resistance zone and the trendline which price has tagged a few times. Despite at least 3 recent attempts price has found it difficult to penetrate the value index and had bounced back to normal trend. Note the double bottom in an uptrend. Currently at the Fibonacci breather level, this pair is one to keep an eye on to see if it resumes the trend or goes back to retest the value index.

Good trading!
Bijal Shah

Question 9
Am I willing to do whatever it takes?

USDJPY triangle

Dear Dynamic Traders,

Hope you've had a great start to the week, lot of movement in the markets going on. The GBPCAD posted yesterday moved around 500 pips to the upside. There is news due out tomorrow on all three musketeers, therefore trade with caution.

Today's chart is the Yen.After a move down to previous support price has produced a couple of spinning tops (exhaustion bars) and is currently around the figure. We are also witnessing higher lows and marginally higher highs.

The 4 hour chart shows price in a triangle formation getting ready to break out. This is our signal to get ready to take the opportunity as it presents itself. Please do your own analysis and follow ESLT rules as BOB presents itself.

Charts courtesy of Advanced Get

Good Trading!
Bijal Shah

Question 8
Am I setting into motion the causes that will produce the effects I want or am I settling?

A Trading Pursuit

Good Afternoon Dynamic Traders!

I will begin the week with the USDJPY pair, a regular both on this blog and my trading platforms.

The weekly chart has been down trending since June 2007 and more recently since August last year.

A host of sub chart studies supported by extension terminators indicate a looming reversal.

Below is the daily chart for the same.

The landscape shows us that price has been sloping down hill pausing for breathers, the latest of which is displaying a picturesque H and S pattern.

Indeed, last weeks note (blog 9 Jan) confirmed our favoured swing, harvesting over 230 pips.

Price has graciously retraced once again offering another basket of fruits. Note it resting at a very comfortable cluster bench, contemplating the next task.

Indications certainly appear in favour of a further swing down to resume the trend and trial the low of mid December!

Benefits will only be secure if you employ ESLT diligently with the exit zones planned carefully beforehand.

Beware! - tomorrows US Inaugration Ceremony may also wish to be considered at this time.

usdjpy daily chart Advanced get

I am also delighted to share with you news of my self promotion towards an absolute trading career!

Given the current economic climate, I have chosen to "scale out" of my ten year career in Financial Services and open a (well rehearsed) position as a full time currency trader.

My daily blogs will be posted each afternoon from hereon.

This will provide a degree of support to those Dynamic Traders who enjoy evening analysis and open positions early am before heading off to work.

This note would not be complete without due personal recognition and appreciation to Javid and Anne, the two mentors who have offered us all this golden opportunity......... an invitation that has been extended to every Dynamic Trader!

Make a Life in Trading!

Saba Jackson

Weekend Review

Good Afternoon Dynamic Traders!

Today offers even more exciting news including the market moving NFP.

My trading rules dictate that I veer clear of the tidal wave and resume again once the surf has broken back to a gentle ripple.

The perfect opportunity for a review of the main opening weeks trades.

EURGBP
This cross proved to be an immensely profitable barter! Price plunged a staggering 660 pips, landing with a thud at the zero 0.9. (blog 5 Jan).
Deserved compliments to those of you who embraced the opportunity!

Another look at the same may give us some indication of next weeks movement.

The daily chart below shows clearly that the general trend is upward. This week has witnessed the cross catching its breath promoting a bullish flag formation.

Price is presently at a noteworthy fib support where we may see some deliberation.

If this support is broken, price may continue to exhale towards the next marked breather level.
Otherwise, the main trend should resume towards the historical high grasping at parity.

Either way, with diligent use of your ESLT, a nice flow of profits may be captured.

EURGBP daily chart Advanced get

USDJPY
This pair enjoyed a tidy 92 pip profit before racing back to the trend line to relentlessly continue the downward assault. (blog 6 jan).

The daily chart below displays how Mondays breather concluded by producing an indecisive doji and a bearish flag followed by the ensuing weakness.

Price is at the figure clustered with a known fib level and a trend line support. Knowing that the trend tends to be a firm friend, there is a high probability that price will break through the support towards a wave 5 extension.

By employing your continuation filters, a nice swing may be seized if price heads towards the relatively unknown territory .


USDJPY Daily chart Advanced Get

With the above evaluation, the dependable updates from Bijal and not forgetting the champion analyses from our sister site, Dynamic Traders are armed with a host of profit making possibilities!

Only by making yourselves "available" to the market, will the probability of these winnings be certain!

Thoughtful Trading!

Saba Jackson

A Thought In Probability

Good Morning Dynamic Traders!

My trading week would not be complete without a glance at my favoured currency pair!

Below is the daily chart for the USDJPY.

This pair has been on a persisting downtrend for over two decades and more recently since July last year. Last month it sprung back from a powerful support level on a determined ascent.

Price is currently testing a material trend line resistance. Indications certainly favour a further incline, supported by the DD rules.


USDJPY daily chart Advanced Get

A study of the 60 minute chart below displays an agreeable chart pattern which may confirm further strength if the resistance is conclusively breached.

Although analysis may place probabilities of a "long" opportunity in our favour, risk funds should be spent wisely in the certain knowledge of an "uncertain" outcome.

Be mindful of the mass news items due for release today!


USDJPY 60 minute chart Advanced Get

Good Trading!

Saba Jackson

Christmas Cheer!

Good Morning Dynamic Traders!

Being a Friday and indeed the last one before Christmas, my rulebook requests that I refrain from initialising new trading positions.

In fact, those of you who regularly follow my blogs, will be aware that I habitually re-examine trades each Friday.

Dow Jones review
This index conducted itself well yesterday, producing almost 220 pips profit. (yesterdays BLOG).

Hearty Christmas Cheers to those of you who favoured the opportunity!

Another peep at the daily chart reveals that price tagged a firm horizontal and figure cluster yesterday, closing play by retracing to a tidy trend support line.

Below is the 4 hour chart.

On further scrutiny, it appears that price may wish to re-test last evenings low and set upon a noteworthy fib reversal area.
Canny Dynamic Traders will also note the proximity of the Chicago ema's to one another!

Should the smaller time frames permit a probable entry opportunity, another 200 pips may be captured before the end of the day.


Dow Jones 4 hour chart Advanced Get

USD JPY Review
Below is the daily chart

Price did indeed weaken further, prominently testing a long term support level. (BLOG 17 December) As expected, yesterdays convincing tram track confirmed traders dread of unknown territory with price bouncing back to a safe haven.

I will be eagerly watching this pair for a persuasive break of the horizontal.


USDJPY daily chart Advanced Get

The next fortnight is an excellent chance for Dynamic Traders to review, revise and reflect on this years mentoring programme.

The webinar series is crammed with invaluable classified information which can only continue to amplify and accelerate your trading progress and success.

With 2009 promising to offer further rewards from our dynamic mentors', discerning traders will make intelligent use of the coming break.

I wish all the readers, my fellow contributors and Javid and Anne, a very Merry Christmas and a flourishing New Year!

Saba Jackson

The Intellectual Challenge

Good Morning Dynamic Traders!

Dynamic Traders will be aware that the importance of psychological success in trading vastly outweighs the same of technical mastery.

Having spent time away from the market, I expected subconscious challenges before resuming the flow of trade activation.

Equipped with this knowledge, I have quietly observed the (news laden) market since Monday, warming my senses to the opportunities as they become available.

Let's commence "play" once again easing ourselves into the home strait before Christmas closes in.

Below is the weekly chart for the USDJPY.

Note that price hit the marked figure of 90 (BLOG DEC 1) and is temptingly venturing into relatively unknown territory.
It is of significant value to observe that the current price band being entered was last seen over a decade ago! Yet, given the unprecedented market conditions, it is hardly a surprise.

Record the historical support area at 85 and 80 thereafter.

A calculated speculation could indicate further strength from the Yen, against our main contenders, as we head into 2009.


USDJPY weekly chart Advanced Get

The 4 hour chart (below) shows price hesitating at another firm support level. Fib studies on differing time frames, along with our mentors unique sub chart studies, indicate that the current downward assault may be sensing some exhaustion.

The smaller time frames will furnish you with further clues.

Your binoculars should be focussed on the clear support. Should we conclusively break this horizontal, we may be heading towards a healthy swing towards and into the New Year!

USD JPY 4 hour chart Advanced Get

Good Trading!

Saba Jackson

USDJPY 123886?

Good evening to you all,

Congratulations to all of you that profited from the Cable trade that we have been talking about over the last 2 days. There was a 448 pip movement from the high to low.


Anne's post on the third musketeer the EURUSD on 7th December showed a triangle. The price at the time of writing was around 12717, it has since moved fairly consistently upwards (mainly bullish bars on the daily chart) and today reached a high of 14156. Just from trading this pair alone based on the post, a potential 1439 pips could be captured in a matter of 8 trading days, not bad for very little work and good trade management!


I have chosen the USDJPY today. You can see a possible 123886, there is MACD divergence visible on the 240 and daily timeframes. As always please do your own analysis for self accountability is a trait required by a winning trader.














Abundant trading
Bijal Shah

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Yen today gone tomorrow

Good Evening All,

Say hello to the Japanese Yen.
The weekly chart clearly shows strong support around the 90 mark and price seems to be heading back there again for a retest. Bearing in mind this is longer term, the trend is still down and most of the indicators confirm this.

On a much shorter term (60 minute chart) there may be opportunity to go long if the price follows the typical 123886 B and does a bounce up. Please confirm your confluence of events before taking any positions.














Happy Trading!

Bijal Shah


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Gathering Yen Tidings!

Good Morning Dynamic Traders!

Mondays "Yen Tidings" provided lavish profits, collecting almost 250 pips! A welcome Christmas present for those of you who embraced the opportunity.

The old adage "the trend is you friend" is still singing a fine hymn that should be heeded and observed.

Below is the daily chart for the USDJPY.

As expected, the Yen took a deserved break yesterday, exposing a slight spinning top by close of play.
Your dynamic analysis should confirm a predictable wave 3 FIB is within reach, upheld by a support and a good zero figure cluster close by.


USDJPY daily chart Advanced Get

The 60 minute chart below shows that price is breaking through a triangle, forcing the dynamic trader to contemplate an entry strategy.

By using an earnest mechanical ESLT , today may present you with further bounties!

USDJPY 60 minute chart Advanced Get

Celebratory Trading!

Saba Jackson

Yen Yuletides

Good Morning Dynamic Traders!

What a pleasure to be back at the start of this festive season with Christmas just around the corner.
Indeed, the market will surely be greeting us with a chorus of opportunity!

Let’s begin the week with one of my highly esteemed pairs; the USD JPY.

The monthly chart has been heading down since June 2007, completing November by retracing to a weighty support level.

The weekly chart (below) reveals that price closed below a major trend line last week, which has famously behaved as a firm resistance level.
Note also that price has sealed itself at a significant support at 96.
Lesser time frames together with other technical indicators appear to confirm a strong probability of a breakdown towards a noteworthy support cluster at the figure 90.

Remember, confirmation must cautiously be sought before sanctioning this opinion.


USDJPY weekly chart Advanced Get

Below is the 4 hour chart for the same.

Price is currently bouncing within a range. Informed analysis will boast a breakout looming as the squeeze tightens its grip.

By fervently following your “entry” rules, you should picture a prize almost certain to yell out the “Yen Yuletides!”


USDJPY 4 hour chart Advanced Get

Festive Trading!

Saba Jackson