Kiwi breather

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : Day Chart (Posted Below)

As expected from yesterdays post we had a RED candle today of 100 pips from high to low, however its momentum was lost towards the end. If we do have a reversal in trend, we have some pips to collect before price gets to its 1st breather level around .5467.

Our MACD line has yet to cross its signal line, but the histogram is on the brink of 0. RSI is now below 65 and stochastic s are under the signal line having crossed under.

Looking longer term and we are looking at the day chart. We had convergence prior to the 13 day rise in price. With price turning we have a place to measure from, which places the "eclipse" as shown on the chart, which coincidently is a 123786. The indicators are saying a fall in the price, but that far ? and over how long ?

The "MOB" sits just above the recent high again indicated on the chart.

Please do your own analysis before placing a trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Swiss Franc.

Good afternoon Dynamic Traders,

Todays chart on the four hour timeframe, is of the USDCHF.

At present it stands in a shorter term downtrend and therefore I am looking to see if a possible short entry can be taken.

Currently it has hit the lower fibonacci breather level of the previous big move and the V.I. and a former R/S zone.

There is also a slight shorter term divergence on one of our indicators together with an extremely OB Stochastic.

As you should also notice from the image below, the price action is standing in close proximity to a good RN.

Should this break north we do have another resistance area about 200 pips up, but for now see if we get confirmation to the downside.

As always please do your own analysis before taking any trades.

Charts courtesy of TradeStation.

Enjoy your trading.

Clayton Farnworth.

Kiwi

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : Day Chart (Posted Below)

I trust you all had a great week end and enjoyed some of the range of weather that only the UK can offer.

I have decided to revisit the NZD this week as the chart looks quite interesting.

If you have been following me of recent you will be aware we were following this cross. We had everything in line for a reversal and then we were hit with that unexpected candle, which totally ruined our analysis. I have circled this on the chart.

I have placed the support and resistance lines on the chart and the middle line was the previous resistance line we were following. You will see we had convergence prior to the recent up trend. You will also note the RN 5800 provided competition vs price. The histogram is currently decreasing on MACD and line is turning down. RSI has provided a double top and stochastic s have turned down.

With price now turned, a short position with little risk presents you an invitation.

As always do your own analysis before placing the trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Euro Canadian Dollar..

Good afternoon Dynamic Traders,

Sorry my charts will not upload tonight, so I will just give you the details, and whilst doing your own analysis you will be able to follow it.

The daily chart for the EURCAD looks like it could head south soon but before that happens I want to trade the four hour timeframe chart on the long side should my rules be met.

At present this timeframe is showing convergence together with fib clusters at each breather level and the V.I. at the southern most one, together with a former R/S zone.

Therefore tomorrow I will keep a close eye on this pair to wait for a possible entry.

Good luck for your trading week ahead.

Clayton Farnworth.

GBP cresendo

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = GBP : 240 Chart (Posted Below)

With another red candle yesterday (Thursday) where is price looking to move to next.

On the 240 chart below we have price at the eclipse of wave 2-3 and we have the MOB inserted above with the intention of the wave 5 passing through this point.

Note also the major RN sat above the MOB

You will see on this time frame we have been in an up trend since 11th March and if you take a measurement from the low of 18th March we are nicely turned at a breather level.

Add to all this the confluence of Stochastic s at its lowest, yet not quite turned as I write and we seem to be setting up for a further move upwards.

I am sorry that this cross has not as yet given the profits we were expecting this week, but maybe this anticipated move will compensate for that.

As always do your own analysis before entering a trade and use a stop .

Have a great week end, take time to assess your trades of the week and look ahead with what next week could have in store.
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Swissy Yen.

Good afternoon Dynamic Traders,

Todays chart on the four hour timeframe is of the CHFJPY.

On the daily chart of this cross, you will see that at present there is a potential DT in the downtrending pair which is clustering at the V.I. and extension levels and also in the mix is MACD divergence.

If you now look at the image below, you will see the divergence here too, but not shown is the previous R/S level which you can put on whilst analysing yourselves.
On the four hour chart we have had a close above this level which could now employ the ESLT. for a continuation should the advance continue.

It could be however that this may be a 'pop and drop' as described in your Currency mentoring and webinars, which we will just have to await an outcome on.

Regarding confluences, there is a significant amount where price is standing, including the ones afore mentioned, the top end of the trendline channel, and a possible 123 situation.

This trend from mid March could be coming to an end soon or just having a breather but either way keep a close eye on this pair for some good gains in the near future.
















Charts courtesy of TradeStation.

Always enjoy your trading.

Clayton Farnworth.

GBP Tug of war

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = GBP : DAY Chart (Posted Below)

229 pips up, 183 pips down ? If you have managed your trade, I hope you did not give all your gains back to the market today.

The indicators we use at the bottom of chart are all saying we are near exhaustion of our current move, was today that breather, have we got our breath back or do we need more air ?

Is RSI trying to show us a head & shoulders ?

Has stochastic s turned ?

Do your own analysis before entering a trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Aussie Canadian Dollar.

Good afternoon Dynamic Traders,

I hope you are all well and enjoying your trading week.

Todays chart on the daily timeframe for you to analyse, is the AUDCAD.

Whilst doing your own analysis on this cross you will see that it has recently popped up through the V.I. on its second attempt and has now got to contemplate the former resistance at the figure.

It has been in this range since early October but is getting closer and closer to the squeeze end.
I am keeping this pair on my watchlist to await to see what happens at the resistance, as at present it does have several OB indicators in its collection but what appears to be gaining strength.

Whether we drop to the trendline or further or push north is anybodies guess and so as is the norm, exercise patience with this currecy but keep an eye on it.

The lower timeframe (hourly) may just have done a 123 and could be used for a possible entry if trading intra day.

Charts courtesy of TradeStation.

Have fun Trading.

Clayton Farnworth.

Cable car ride up ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = GBP : DAY Chart (Posted Below)

229 pip movement today amongst various news items, are you in this trade for the short term or long haul ?

As we tend to use the day chart as the basis of our analysis, I would say we are in these trades for a couple of days to a week. The momentum of the day chart usually carries the moves with it for a longer time frame, rather than in and out within the hour. What do you do ?

We identified a BOB at the week end and used our tools to enter the trade at an appropriate place. This happened yesterday and now we must plan our exit.

We have the RN 1.5000 above and this must provide an area of resistance to us. The MOB within Advanced Get provides with an area of 1.5200 to be looking at.

Remember you will never know the peak of a movement or the bottom, so decide on your goals and leave some money on the table for the next man. Manage your trade through out.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Canadian Dollar Japanese Yen

Good morning Dynamic Traders,

Today I am looking at a possible reversal situation with the CADJPY.

On the higher daily timeframe we are standing at a possible double top formation with some divergence on the MACD indicator.

If you now go down to the lower timeframe chart below of the four hour timescale, you will see that the double top is in evidence here with also an overbought RSI indicator.

At the moment I am looking for an intraday trade with entry off the lower timeframe as at present we do have a fibonacci cluster on the hourly.

The longer term trend is down although the shorter is up, so I am awaiting confirmation to take a trade to the short side but at present have not seen this, but there is a spinning top candle that did pierce resistance on the last complete candle, which also went through a good figure.

If price does decide to head north then your filters should be employed for the continuation.

Once again be patient for your entry and as always please do your own analysis.
















Charts courtesy of TradeStation.

Good luck with your trading.

Clayton Farnworth.

Bulldog bites back !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = GBP : DAY Chart (Posted Below)

After a day of indecision as to whether to confirm the BOB or not, as I write the blog, price will have triggered those Dynamic Traders into the trade that used the relevant tools from their bag. RN 1.45 played its part today (Monday) as price fluctuated, and it seems a distant past as we currently are at 1.4683.

I have shown the RSI indicator below the chart, please note the previous 3 lower highs on price have produced higher highs on RSI, cue the break out !

There is a long way to go in the trading day yet and recent candle bodies have not been to enhanced. With a number of news items due before my next post, the market could decide to please itself. Lets look to some reserves left in "stochastic s" before it runs out of steam and note the major RN sat above providing our next resistance.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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GBP Homecoming ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = GBP : DAY Chart (Posted Below)

I trust we all had a good weekend and time to re access the markets after wed evenings extra ordinary movements. I know some people were on the right side of the moves, and I have heard some people comment they knew they were about to happen, but I would imagine the majority of traders would have been stopped out of their positions and wondering what they had done wrong. Oh well in today's turbulent and volatile markets these things are going to happen and it is one reason for using a stop and managing your trade.

This week I have chosen our own "Cable" to follow on looking through the charts. The Cable has been in a down trend since it's peak in November 2007. The steep drop has seen a few rallies at the end of 2008 and start of 2009, with a low of around 1.35 in the last week of January.

We have a nice pair of trading channels since November 2008, of which we had a BOB on Thursday last week. Dynamic Traders using their tool bag would not yet be in this trade as they sit awaiting entry, however their traps should have been set and primed.

Will price break out or return to the comfort of the trading channel, let's see this week.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Aussie Dollar Swiss Franc.

Good evening Dynamic Traders,

This afternoon I have put the AUDCHF on my watchlist with a view to at least a shorter intra day trade soon.

As can be seen from the daily timeframe chart below, this pair has been in a consolidation for about five months now and does not appear to have very much strength entering this cross at all.
We are however tightening up on the squeeze and will sooner or later want to burst its confines.

There appears to be strength short term on MACD which could imply a break north which does seem to be getting qualified with the lower timeframes, but if this is to happen a re analysis will have to be done as to see how far that move could go as the V.I. is not too far above and good figures also, which at the moment cluster with fibonacci.

Other indicators are in qualifying positions for this but I shall let you enjoy finding them.

As always please do your own analysis before taking any trades and good luck with your trading.

Charts courtesy of TradeStation.

Always enjoy your trading.

Clayton Farnworth.

Kiwi will return

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : DAY Chart (Posted Below)

Today, I was looking for some consolidation after Wednesday's news of more $$$$$$$$$$$$$.

However price continued to rise some 150 pips and today's candle is green so far ?????

My decision is to stay out of the market and let things settle themselves.

I will review for Monday and decide my next positions.

Give me time to read again "Trading in the zone" by Mark Douglas.

Speak to you all Sunday night, have a great week end.

The Euro Canadian Dollar.

Good afternoon Dynamic Traders,

Todays chart on the daily timeframe is of the EURCAD.

The trend as can be seen is up and may possibly be gaining strength with MACD showing no signs of any correction.

However, we are very close to a good figure and have just gone through a fibonacci retracement and are at present tagging an extension, with todays candle at present showing a possible hanging man formation although the body is a little large for this.

This could imply a chance to catch its breath or even a revesal and if you go down to the lower timeframe verification of this is showing.

The dilemma here is due to the strength possibly coming into this pairs trend and so once again patience is the order of the day with possible entry points coming from the lower timeframes for a continuation, if the confluences build here.

Dont forget to do your own analysis before taking any trades.

Charts courtesy of TradeStation.

Always enjoy trading.

Clayton Farnworth.

Kiwi fruit bruised.

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : DAY Chart (Posted Below)

The "Market is always right" !

Having closely followed the cross and watching developments going to plan, you are never certain what the market can throw at you. Today, on the back of a news item, price has turned and gone up over 200 pips within 60 mins. This would have stopped out everyone who had gone short on the cross, an action that was full of ingredients for the price to come down. If you had been contemplating going long on the cross and awaiting the BOB, then you would have been presented with a BOB of some 240 pips, making entry some way off.

As Dynamic Traders, you WOULD have entered the short trade with a minimal stop loss and with correct money management not have been too shocked at your minimal loss before dusting down and looking for the next trade.

Some will, Some won't, So what, What's next ?

After the market absorbs the released news, RSI and Stochastics are continuing to show at an extreme and looking to regain their breaths. Time to review our thoughts and decisions of where price is going next. We are currently just short of the next breather level.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Euro Australian Dollar.

Good evening Dynamic Traders,

Tonights chart on the four hour timeframe is of the EURAUD.

As can be seen from the chart below, this cross is in a consolidation, with the trend still up but at the moment we are fighting against previous resistance and trendline resistance,and at the figure and also a good spinning top candle for the last 4 hours bar, indicating a possible reversal could be upon us.
The consolidation is tightening but may not be ready to be breached as yet and so depending on your stance you know what to do.

As and when the breakout happens, either way, you could trade this with your ESLT, but if you want to go down to lower timeframes you could trade this intraday for smaller gains without having to exercise as much patience. At the moment Stochastics is hooking down and RSI is coming off OB levels.

As always please do your own analysis.

Charts courtesy of TradeStation.

Good luck.

Clayton Farnworth.
FX Technical Trader.

Kiwi, not ripe yet !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : DAY Chart (Posted Below)

You would not eat a green banana or a green tomato, therefore do not trade if the trade is not ripe.

Today's trading range was smaller than previous and completed as our 6th green candle in a row.

If you have been following our progression this week, you will be well aware of previous statements.

Tonight I have added 2 further things.

First copied the support line and moved it up to give a resistance line, presenting us with a downward trend trading channel. You will observe the top has been kissed.

Secondly I have shown Stochastics which is well in the OB area and attempting a crossover of its signal line.

Add in the RN and we start to have some confluence of events.

The likely route would be back towards the support line and with a minimum risk of the resistance line, this could give handsome rewards to those that wait for the "sunshine" to ripen our entry.

If price moved against our thoughts then we would be looking for a BOB and adopt our ESLT as taught in your webinars.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
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Australian Dollar Japanese Yen.

Good afternoon Dynamic Traders,

Many thanks to my fellow bloggers for your very kind words and may I take this opportunity to express how much of an inspiration you each have been to me with your excellent updates from which I have learnt a great deal, and the first part of my routine when I arrived home in the evening was to read what each of you had written as over the months they extended my knowledge immensely, thank-you to each of you.

Tonights chart is of the AUDJPY, as on Friday last I did this cross on a smaller timeframe for quick profits to the downside which did produce a possible profit of over 100 pips, but now I would like to analyse it as a possible swing trade to the downside in the near future if confluences and your trading plan permit.

The daily chart below shows price action in a consolidation after the large move down which is producing the squeeze, and at present we have not quite tagged the trendline which does cluster around the higher fib. reversal area whilst just north of where we stand is a good fibonacci cluster area incorporating the lower reversal, after the move up from early February.
There is also divergence to a small degree short-term on RSI.

Confluences are building and we can only use them to our advantage, but ensure as always you do your own analysis before taking any trades, but as usual be patient also, as there are news items out on this pair early hours tomorrow morning.

Charts courtesy of TradeStation.

Good luck and enjoy your trading.

Clayton Farnworth.

Kiwi Suprise !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : DAY Chart (Posted Below)

Fresh from the weekend break, I would like to congratulate my fellow blogger Clayton for his decision to go full-time "Forex Trader".The difference between ordinary and extra ordinary is that "little extra" and I know Clayton has what it's takes. Enjoy the journey.

I have decided to look closely at a cross that normally does not enter my basket the NZD, which has some traits similar to the AUD.

It has been in a down trend since Feb 2008 and currently on the day chart is in a pull-back to a fib breather level which could be a convenient time to enter the trade as it turns in search of a new lower low.

Stochastics are in the OB area and about to turn down, RSI is turning shy of the 60 area and MACD was showing convergence which would have accounted for the recent run of green candles.

Todays candle has started possitive and yesterdays (Mondays) almost touched the breather level, therefore we may still have a touch of upwards movement before the turn takes place. Be patient wiith this cross.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Cable.

Good evening Dynamic Traders,

May I take this opportunity to thank our Mentors for perservering with me on my up and down journey in Forex trading and for Javid's extremely kind words on the sister blog relating to me becoming a full time trader which has been an obsession and ambition of mine for many years which has only been made possible through 'The Dynamic Trader', thank-you guys, truely, very, very much appreciated.

Tonights chart on the daily timeframe, and looking for a swing trade opportunity is the GBPUSD, which I am keeping on my watchlist.

As can be seen from the chart below, it has been heavily in a downtrend but is showing signs of it possibly running out of steam which may present a long trade opportunity should the confluences show themselves, and if not then a continuation down could be the order, either way we should all be ready.

You will notice that we have had a possible 123 which if traded as such would have given a good pip profit, but as I did not swing trade this but have entered previously intra day I am now looking for a good entry without 'chasing the trade', and therfore am planning my entry.

There is currently a squeeze formation happening which is restricted to the upside by the trendline and to the downside by former resistance and a trendline.
Todays price action has produced a spinning top (although not finished) and RSI is still below fifty.

The lower timeframe is showing a likely pullback at least and therefore I am going to wait for direction albeit I am second guessing my swing trade direction.

Whichever direction it does take we should all be ready to trade this with the rules learnt from our webinar/mentoring classes.

As always please do your own analysis before taking any trades.

Charts courtesy of TradeStation.

Good luck to you all with your trading endeavours.

Clayton Farnworth.

Aussie Dollar Japanese Yen

Good morning Dynamic Traders,

Due to late commitments last night I am posting this morning instead.

The chart below is on the four hour timeframe of the AUDJPY, and I am looking for a quick shorting opportunity.

As you will be able to see there is a possible resistance area here whilst we are in a longer term downtrend, although this cross has not reached its trendline resistance we are at a triple top scenario with an OB Stochastic.

I am wanting to take a short around this area for a quick gain so long as I get confirmation on the lower timeframe using an aggressive stance with a small SL.

Due to its volatility I will manage this position very carefully and as you can see we are at a figure area.

If we do close above the possible resistance there is then the trendline to overcome, but I shall use the confluences to my advantage.

As always do your own analysis before trading, and have a great weekend.

Charts courtesy of TradeStation.

Always have fun trading.

Next post will be Monday.

Clayton Farnworth.

EUR GBP(Great Bag of Pips)

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURGBP : DAY Chart (Posted Below)

Where does the time go, the end of another week. The one think in life you can not exchange or give back once you have used it ! When it's gone it's gone.

I hope following the blog this week you all had a good return on the time spent reading and following this weeks comments.

I think the EURGBP went in our favour as we caught the move, as it started, and followed since.

As suggested the initial surge fell to a wimper today as we ended in a doji for the day. Stochastics in OB and RSI struggling to reach higher than 65 means we could be at the start of a pullback.

For those awaiting to get into this trade, your time to enter may be near. We need to revert to your Dynamic Traders toolbox and use the tool to establish breather levels. Depending on the type of trader you are depends at what level you will enter at.

We have had a very positive bullish week and a rest is needed before the next push. Read yesterdays blog to see where our targets are.

Have a great weekend, I will not be posting till Monday night, due to being away.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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EUR been GBR EEDY !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURGBP : DAY Chart (Posted Below)

We still had our upwards move today, but only the 84 pips available on this move, is momentum slowing, will we have a pullback ? we have had 4 good days of upward movement.

RSI has not reached its 70 line and is beginning to turn over !
MACD is still showing strong
Stochastics in OB, maybe about to turn

Lets look at the chart below and observe the inverted "Head & Shoulders", it was at the breaking of the neck line that the price broke out. If we were to measure the neck line of the formation and add the price onto the break out, we get a price close to the next resistance on the chart.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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The Euro Swiss Franc.

Good evening Dynamic Traders,

A shorter term trade I am looking at on the 4 hour timeframe is the EURCHF.

As can be seen from the chart below we are in a dontrend and price has rallied back up to former support which is also at the figure.

We do have a cluster at this area and so I am looking at an entry to the short side should I get confirmation.

There are sveral other indications to this favouring at least a pullback, but I shall let you find as many of them as you can.

The trend is down on the daily timeframe too but we are getting convergence on this pair here and so I am going to use my lower timeframes and manage accordingly if I am entered.

As always please do your own analysis for any trades you wish to take.














Charts courtesy of TradeStation.

Enjoy your trading.

Clayton Farnworth.

EUR Gotta Be Profiting (GBP)

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURGBP : DAY Chart (Posted Below)

I do hope most of you are still with me on this one, 200pips Monday, 100pips today, What next ?

I had mentioned last night about some previous support resistance lines, of which I drew on the chart and today's candle is currently at war with the first of these.

I also mentioned that if you missed the boat, there will be other opportunities to join in later.

We are now again in a BOB territory and the usual Dynamic traders tools are needed to enter the trade. Do not ponder on what you never had and analyse correctly for your next gain.

If price is to get to the MOB there are and will be some hurdles to cross.

Stochastics still have wind in their sails and so should you.

MACD is now above the zero line and much wider from its signal line as shown on the histogram and I know the current up trend may not be finished yet, but we are showing signs of convergence from the previous swing high's.

RSI is continuing its uptrend having crossed the 50 line.

The signals all look in our favour, but remember the market is always right, and I hope you have enjoyed the ride so far.

On a different note my soldier friend has moved on to rehabilitation since last Friday and thank you for the kind words towards his recovery.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Euro against the Yen.

Good evening Dynamic Traders,

Tonights chart awaiting your analysis skills is of the EURJPY on a four hour timescale.

As you will see from the image below we have got a squeeze in progress with a good figure acting as resistance together with the two previous tops, with a good fibonacci reversal cluster area and a rally in a longer term downtrend.

Initiatially I am looking to take some pips to the downside if I get confirmation, which is growing as I am writing this update, with the Stochastic hooking down from OB territory.

If the resistance should give way then the 130 area could possibly be reached and entry gained by our filter technique.

At present I am not in the trade but will wait to see what transpires from the medium impact news out later tonight.
















Charts courtesy of TradeStation.

Good luck and ensure you do your own analysis.

Clayton Farnworth.
FX Technical Trader.

EUR 'EKA GBP

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURGBP : DAY Chart (Posted Below)

I hope you all read the blog of last night before you missed too much of the 214 pip breakout today. For those that took action, well done and for those who missed it, there will be others.

MACD is still below the zero line, threatening to cross over, making it bullish.

We are at a Fib breather level at present.

RSI has crossed the 50 line and currently moving upwards.

Stochastics are crossing into OB, but may still have some wind in its sail.

I have drawn some shorter term targets from existing support/resistance, with the MOB giving the longer term target. Remember the BIG RN 1.0000 stands in our way.

With such a big move today we might see some ground taken back tomorrow, therefore make sure your stops are suitably placed.
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Loonie

Good evening Dynamic Traders,

Tonights chart on the daily timeframe is the USDCAD, and once again the Loonie is testing its previous highs.

I am keeping this on my watchlist with a keen eye, as a possible reversal could be close at hand.

We have today tested the three previous highs together with the figure, which therefore are making it a stronger barrier but this is not to say that it will not get broken this time.
However if past performance is anything to go by we could see a decline in the near future, but as our Tutor says, ' you will only be wrong once ! ', and if this is to be the case here you can always use the trusted filter technique referred to often on these blogs.

As can be seen from the chart below we do have an OB Stochastic, and not shown is a diverging RSI.

Charts courtesy of TradeStation.

As always please do your own analysis.

Clayton Farnworth.

Euro strength ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURGBP : DAY Chart (Posted Below)

Hope you all had a great week end and one or two of you may have had slightly longer off due to last Thursday and Friday. Having looked at the EUR last week, and scanning through my crosses I have chosen the EURGBP for the week ahead, due to some anticipation for the week ahead.

Price has been in a downtrend since 30 December 2008 and is currently bouncing off support drawn since 20 October 2008. I have also drawn some trendlines on the cross since its downtrend and together are setting up very nicely for something to happen ? You will observe the sqeeze that price is currently in, the major RN and burst the banks could be this week ???

Even though price has been in the downtrend, once the key support was met, price has walked the line. Now it may be time for you to talk the walk !

With "Elliot Wave" on the chart, the MOB is sitting interestly above the MAJOR KEY No "1.00"

What do you see ?

What do you NOT see ?
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Euro and the Pound

Good morning Dynamic Traders,

I hope you are all having a good weekend and preparing for the trading week ahead.

Todays cross for you to analyse ready for a possible swing trading opportunity is one very close to home of the EURGBP.

Of late this pair has been in a range and has a good figure just a little northwards. Although the V.I. is below with a fib cluster I am looking for a long opportunity and will trade in the usual way using my filters.

The pullback since late December does appear to be corrective but I shall wait to see the neartime action to verify my thoughts before jumping in.

Please do your own analysis before taking any trades and whilst doing so be sure to consult your sub chart indicators in as much as the Stochastics at present is heading up but over and above this there are other confluences happening which should start to give you direction, which you all need to be looking for in order to verify your trades.

Charts courtesy of TradeStation.

Enjoy your trading week ahead.

Clayton Farnworth.

Pip EUR Trade !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EUR : DAY Chart (Posted Below)

Another day filled with financial news filled the markets today in UK & Europe. Interest rates down and commitment to print "Lot's of" new currency. Tomorrow brings news from the other side of the pond with Non Farm Payroll (NFP). A good time to take 2 days off because of the market's habit to do strange things.

Our cross that we followed this week retraced back everything that went up yesterday.

We have 142 pips below us before we see a double bottom or break through, and I will not need to remind those "Dynamic Traders" what methods are needed to employ in these situations.

MACD remains flat, both histogram and signal line, possible short term "convergence".

Stochastic s OS with false reading indicated, however showing short term "convergence" as too does RSI.

Is the convergence going to swing price upwards ?
Will price continue to fall towards support and give a double bottom before changing direction ?

Have a a safe day in the markets those that venture in and I will speak to you all again on Sunday night.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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The Swiss Franc Japanese Yen.

Good evening Forex Traders,

Apologies for not posting yesterday evening but my internet connection was very intermitent making it very hard to do any analysis let alone blogs but back on track tonight so I have the CHFJPY for you to take a look at.

As can be seen on the daily chart below we may be setting up for a short trade in the near future but as of yet we do not have confirmation as not enough indications are in evidence as at this moment in time but some are present.

We are at a possible 123/DT in a downtrend and we are at a very good figure but triggers are not yet showing themselves to enable me to take the trade. If we continue then I shall use the Dynamic Trader ESLT but will be aware of the contradictions and therefore trade accordingly.

This is one to keep a close eye on to see what price does do but I am looking for the short set up primarily.

Please do your own analysis for any trades you take, and only enter in accordance with your trading plan.

Charts courtesy of TradeStation.

Next post on Sunday, have a great weekend.

Clayton Farnworth.

EUR not sure ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EUR : DAY Chart (Posted Below)

I have just returned from London a short while ago and have not had much chance to follow the markets today. I see our cross has produced a GREEN candle today after initially trading down.

This has taken the price back to a Fib breather level, which maybe the need before retesting the support of October 08. Early trading on today's candle are Bearish.

We have key news out tomorrow with the UK interest decision and on Friday NFP for the USD. Both these news items could effect our price in the trade. Please manage your trades closely.

MACD histogram and signal line are looking very flat at present, indicating a period of consolidation likely.

Please do your own analysis before trading.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
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What's EUR Rush ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EUR : DAY Chart (Posted Below)

Strange day today in the markets having had a good day on Monday, Our Euro cross went up 121 pips from opening, however closed 16 pips down on the day. So the "Bears" won the war after losing the battle.

This could lead us back to the demise of price to test the key support / Double Bottom as previously explained on Monday's blog.

RSI remains under 50 pointing down with potential convergence, MACD also shows possible convergence. These can not be confirmed yet due to the new lower low NOT yet established or confirmed.

Stochastic s show OS, but on Advanced Get the false reading bar is present.

Patience is the virtue !

We have key news on USD after lunch, so tighten your stops if in the trade.

Please do your own analysis before entering the trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst


Check out our other blogs

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The Pound Swissy.

Good evening Dynamic Traders,

Tonights chart is on the 4 hour timeframe regarding the GBPCHF.

I am looking for a smaller profit on this pair and so will be managing it accordingly.

If you look at the chart below I have indicated a possible H&S formation which has now closed below the neckline and therefore am waiting confirmation by using the filter.
However MACD is disputing this and so a more conservative entry could be employed whichever way you want to view it, but either way means waiting for your entry.
More recently there is a possible small bearish flag formation which needs also to be considered, which if confirmed would give us a good entry point to start with.

It will be interesting to see which scenario wins between the battle of the patterns as opposed to the contradicting indicators in this case, but all we need do is be ready for whatever direction it does go in.

Please bear in mind that high impact news is out on this pair tomorrow, and as always please do your own analysis.

Charts courtesy of TradeStation.

Good luck with all your trades.

Clayton Farnworth.

EUR glad you read this

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EUR : DAY Chart (Posted Below)

Hello traders, before we start I would like to welcome Zaheer as the latest person to join the group of us updating the blogs. Zaheer will be doing his updates from www.http://www.fxcps.eu

Those following the blog today would have had the chance of over 100 pips of profit. I have taken the day chart and placed a trend channel of which price has remained inside these guides.

I have also drawn the support of a previous low, which would be our short term goal, and would give us a target and double bottom if correct.

I have confirmed this by placing the MOB on the chart from the low of wave 3. The MOB is sitting just above the support line adding a confluence to the previous point.

The other key issue is we are currently going WITH the trend, and we should be looking to record the next lower low.

Lets see where tomorrow takes us.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Check out our other blogs

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

Re Analysing the Aussie

Good evening Dynamic Traders,

First off, may I welcome Zaheer and say I hope you have a great a time with the blog updates as the other bloggers and I do, but above all enjoy yourself with it.
Also may I congratulate Saba on reaching her milestone and may she soon go on to reach her next goal.

Tonight I am going to try to re-evaluate the Aussie as if anyone did their own analysis on this pair from Thursdays blog and decided to take the trade, you would have had the possibility of a couple of hundred plus pips from taking a smaller timeframe trade so well done to you.
However if you are still in the trade tighten up your SL, as we are in a position for at least a bounce up if not a reversal and to this end I would like you to take a look at the 4 hour chart below.

As you can see, the Stochastic indicator is in an O/S territory whilst we are in proximity to the figure. However I do think that we may have a little further South to go before we get the upward climb of some degree.

As we are in a downtrend on this pair, this is a contra trend trade I am looking for, and therefore entry is very important, and so whilst analysing this for yourselves as to whether you want to take the trade work out in advance your possible entry, your stop and your risk as to whether it is within your trading plan parameters.

Charts courtesy of TradeStation.

As always enjoy your trading.

Clayton Farnworth.

EUR sure ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EUR : WKLY & DAY Chart (Posted Below)

Hi Dynamic Traders, What a great week end, Time to draw breath after last week, United won the Cup and a friend of mine who lost a foot in Afghanistan was given date to move for rehabilitation, bringing to an end over 3months lying in a hospital bed and countless operations. Sort of puts things in perspective.

Looking through the charts this evening, I have chosen the EUR to pursue this week. The weekly chart shows the cross being in a steady upwards trend with higher highs and higher lows up to 14 July 08. Since then we have been in a downtrend with a pullback to a fib breather level and now may look to test support again resulting in a double bottom. This would provide Dynamic Traders with a golden oppertunity to test there aquired entry techniques from the webinars to good use.















The Daily chart shows us a steady decent since we last met with the value index, with lower highs and lower lows. The potential double bottom is 200 pips below our current price.















Let us see what happens tomorrow ?

Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Check out our other blogs

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