Kiwi Squeeze

Good Evening / Morning Dynamic Traders

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

Cross = NZD : Day Chart (Posted Below)

I apologise for the late post today, due to me being at the United v Arsenal game last night. It never seems to amaze me that roadworks begin before allowing the flow of traffic down the M6, which results in 1 lane only available for traffic. So getting home near 0300hrs took its toll !

I have placed the Day chart below, which you will see the overall picture of where we are. You will notice the "Fake" breakout from our trendlines and also that price has taken it's self back with in the comfort of our zone.

Those following our blog this week will also have been following events on the 60min chart, this will have showed the erretic events of major news that was released yesterday evening with the interest rate decision. This was the reason behind the large spike in the candle of yesterday and today the candle is looking at returning to its previous level.

You will also notice that we are running out of space in our zone which should result in an explosion soon.

Points to note:
VI patrols the sky's above.
RN .6000
Possible wave 5 to be established
Divergence on MACD
Stochastic s pointing up @ 34

Ensure you do your own analysis before entering a trade, chat to you this evening.














Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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Kiwi BOB

Good Evening / Morning Dynamic Traders

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

Cross = NZD : 60min Chart (Posted Below)

My thoughts tonight are with an old footballing friend, lying in an hospice in Farnham. May your family be given the strength that you are showing. God bless you Bomber.


You will of seen from last nights post, we had the BOB at midnight and would have been triggered into a short trade at 0100hrs with our ESLT, for those that were awake at that time. This breakout provided 90 pips and would have produced any "Dynamic Trader" a tidy profit depending on your trading style and plan.

Price found support at a previous level before bouncing up to a fib breather level and has retraced some 40 pips since then. VI has provided air cover for the breakout.

The chart has now provided us with Convergence between the 3 lower highs and the corresponding MACD histogram.

Will we break the support of the low or move up through the VI, with big news items out tonight, plan your entry rules and watch closely after you have carried out your own analysis.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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Kiwi news

Good Evening / Morning Dynamic Traders

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

Cross = NZD : 60min Chart (Posted Below)

With BIG news due out on Wednesday evening GMT, I have gone for the 60 min chart to see what is happening on a shorter time frame.

For those that did not read last nights full overview please press here to view.

You will see on the chart below the upward trend line that is from the DAY chart, giving support on current price, which is also sitting on a breather level measured from the last rise. If price drops through this support then a ESLT would be used to enter the trade on a Short.

However on viewing stochastic s which are below the 25 line indicating oversold, and checking MACD we see some convergence recently. This could lead to a bounce off our support line and price heading North in the not to distant future. The VI is to be watched as it patrols just above price.

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 Australian Dollar.

Good afternoon Dynamic Traders,

The four timeframe chart on the AUDUSD, as mentioned on the 21st April, did not give any signal to come down further but instead just headed north. I did not trade either way on this pair but am now looking to see if a shorting opportunity should arise on the daily timeframe chart as shown below.

Price action has of late hit its V.I. whilst in a short term uptrend before having a small pullback and now price has come back towards the V.I.area.

I am once again looking to take a short position should indications come about, as price has hit a fibonacci revesal and although not finished is today producing a bearish engulfing pattern.
The immediate pattern is too extended for my liking to be a bearish flag but a possible H&S could be forming.

A diverging RSI is also in evidence as well as other confluences.

Please ensure to do your own analysis before taking any trades.

Tomorrow I will hopefully be having a new phone line connected and internet connection, and so depending on the progress of this there may not be any posting from myself but be sure to read all the other blogs.

Charts courtesy of AdvancedGet.

Happy and prosperous 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)

After trading the sunshine of Birmingham for the rain of Ireland over the week end, a good time was had at a family wedding. I apologise to those of you in UK, as it looks this morning, as if I have brought the weather back with me. This morning called for Positive Mental Attitude when the alarm went off at 0600hrs, the rain was lashing down, and the 20min trip to the gym on my bike could easily have been traded in for a hot cup of tea and a lie in.

Why do so many people give in at the first sign of anything going against them ?

Having donned my waterproofs and enjoyed the 1hr lesson, one feels fulfilled, fresh and alert, ready for the day ahead. What a difference one decision can make at 0600hrs in the morning which makes or breaks your day.

Those same decisions are needed to be successful in your trading every day. Do you give up at the first sign of a problem, or is the glass half empty ? As a Dynamic Trader I know your answer is NO i do not give up and the glass is always half FULL.

So with our minds clear lets choose a cross for the week ahead. From my modest basket of 10 crosses I have chosen the NZD. We have 2 large news items this week, one of which is an interest decision.

Lets drill down from the top, The MONTHLY chart shows us a down trend since March 08 till the inverted hammer of Feb 09. A large green candle in March 09 could be the start of a change of trend or could be a pull back.

The WEEKLY shows the up trend tiring at a fib breather level, which would lead us to the DAILY chart for a closer appraisal.

The DAILY shows support and resistance squeezing price and interestingly have VI tracking our drawn in resistance line. Price has pulled back to a breather level after the recent up trend.

The 60 MIN time frame has price debating with VI as to whether it will provide support or resistance and send it on its way. MACD is indicating an upward move with the signal line on the verge of crossing over and Stochastic s have turned up through the 20 line.

Lets see how today unfolds















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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EURGBP

Good Evening / Morning Dynamic Traders

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

Cross = EURGBP : Day Chart (Posted Below)

One commodity you can not get back is time, how fast it passes through our fingers. It is hard to imagine we are coming to the end of April and it was only Xmas yesterday. All the more reason to learn, practice and earn from your Forex studies. Do not put off till tomorrow what can be done today.

With the week nearly behind us, it is time to summarise and look forward to our cross of the week EURGBP. I am leaving you with the Day chart for your overview of the cross.

The drawn support and resistance lines are taking price into a squeeze and it is moving very orderly between these lines. Despite the red candle showing on the chart as I write, both Macd and stochastic s are indicating a move up and today's action would be as a result of the VERY big move yesterday as previously explained. The VI is looking like a added line of support, coming up quietly below. I have drawn a horizontal line showing the MAJOR RN, which is having its own discussions with price as i write for the 13th time.

If you check your weekly chart you will also notice the force is bouncing off a support line, when the squeeze breaks out and if it is to the top then parity of 1 Euro = £1 is under threat. However with the worlds economy coming more under control a return to pastures old would be preferred.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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Unexpected Incident.

Sorry, due to unforeseen circumstances I will not be able to post today and so next blog will be Monday.

Sincere apologies,

Clayton farnworth.

Budget Day

Good Evening / Morning Dynamic Traders

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

Cross = EURGBP : 60 mins Chart (Posted Below)

Well did you survive "Budget" Day ?

If you take heed of Javid's advice, you would have stayed clear of MAJOR news and waited for the dust to settle. Our aim is to make a calculated decision and reduce the odds of making a wrong one where possible. Sometimes the news will go in your favour but over time it will catch you out.

You will know from the last couple of days we were anticipating a move UP on our cross of the week, and if you look at the day chart you would think your dreams had come true with a Green bar of 178 pips. However !

The budget was due to start at 1230hrs GMT and as mentioned earlier it was best NOT to be in the market at this time.

If we look to the 60min chart below you will see that we were presented with "divergence" and a 123886 which triggered our trade at 1000hrs GMT. Where as the 178 pips would have been nice, using the techniques taught on your "Dynamic Traders" webinars, depending on your traders plan, 80 pips were easily achieved and you were out of the market before midday.

Strangely our midday bar was a doji (change of direction)before we were given the "Budget Bar".

Since then we have now been in a consolidation period and are now to decide having passed through the VI whether we can cope with the new weather ?

The trend lines drawn on the consolidation may yet provide us with some easy pickings using the techniques you hold in your Dynamic Traders bag.

Happy hunting















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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The Swiss Franc Japanese Yen.

Good morning Dynamic Traders,

Today I am looking at a possible long developing on the CHFJPY on the four hour timeframe shown below.

It is not in the position as yet to take the trade unless being very aggressive, but for me on this one I am going to exercise a little more patience on this and so I am keeping a close eye on this cross.

It is currently standing at a possible DB from the resistance at the end of March and hanging around a figure.
The RSI is coming up from an OS position but is still below 50 at the moment.

Whilst writing this the present candle is a spinning top and at a possible fibonacci reversal.

If you now go down to the lower timeframe, this is showing a doji and an entry point could be assessed from here.

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

Charts courtesy of TradeStation.

Always enjoy your trading.

Clayton Farnworth.

EURGBP

Good Evening / Morning Dynamic Traders

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

Cross = EURGBP : 60 mins Chart (Posted Below)

Despite stochastic s in the OS area, price never got going to day with a red candle presented. It has however bounced off our drawn support line and we will watch with interest how things unfold.

After a sharp move down after lunch (GMT) on the 60 mins chart, price is consolidating for a short while whilst following the sheep. Be aware in case we are presented with a BOB if price takes a sudden change.

Keep an eye on the news, and trade with passion















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst







Follow our other blogs
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The Australian Dollar.

Good morning Dynamic Traders,

On the 8th April, I mentioned the AUDUSD for an intraday trade which could have run on further if managed correctly for a possible 250 or so pips, before getting stopped out.
I am now looking at this to get ready for a possible continuation down as the daily timeframe is in the throws of the downward move after hitting its V.I. which is confirmed by its MACD.

If you now go to the four hour chart below, you will see that it is currently sittng at this timeframes V.I. which is around the figure.
It also looks to be showing a possible bearish flag pattern and the RSI is currently coming up from OS levels and Stochastics is still in OS territory.

Keep an eye on this one for possible confirmation of this possible short trade, but as always please do your own analysis before taking any trade.

Charts courtesy of TradeStation.

Good luck.

Clayton Farnworth.

EURGBP

Good Evening / Morning Dynamic Traders

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

Cross = EURGBP : Day Chart (Posted Below)

Starting from the top, you will observe that this cross has been in an up trend on the monthly chart since May 2000, some 9 years ! admittedly between 2003 - 2008 we had a side way movement. Since then we have had a steep climb to almost reaching the 1 Euro : 1 Pound, We are currently at a breather point from October 2008 move up.

The weekly chart gives us some more detail in the activity of Bear vs Bull on the recent (October 2008) movement. We can see prices peaked the tail end of 2008 and have as of yet not made a retest of the high. Early February had price at a Fib breather level before producing a lower high and currently looking to see if a lower low will be produced. Elliot wave would indicate a pullback to the VI being likely and we have not shared coffee since earky March 2007.

Looking at the Daily chart and with the insertion of some support, resistance and trend lines we can get a better feel of where price is currently. Price is currently following the support line drawn as indicated, with VI and Fib breather level below providing a cushion. With stochastics OS and RSI double bottoming at 33, an upward move to either the fib breather levels of March / April or resistance line likes possible.

The 60 mins chart shows price following the support line before a move up to the VI which is currently providing resistance.

Remember the trend is your friend, do your own analysis before entering a trade and ALWAYS us your stop, as well as checking for news items.

















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst







Follow our other blogs
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The Australian Dollar Japanese Yen.

Good morning Dynamic Traders,

Welcome to another trading week and I hope you all have great success with your analysis and trades.

Today I am looking at the AUDJPY on the four hour timeframe which is showing a possibility of various scenarios and so I will trade accordingly.

Whilst doing your own analysis you will see that the daily timeframe has recently been around the V.I. and has the MACD signal lines heading south.

If you then go to the four hour chart below, one possible pattern is the H&S as shown which at present is showing a break of the neckline although this is not complete at time of writing.

However whilst this is happening there is short term convergence which could imply a possible bounce and when tied up with price action being at the figure and fibonacci cluster zone and former resistance I am waiting to see what prevails here before entering the trade, as this could pullback to do a retest.

This pair is one to await more direction unless you wish to be aggressive but for me I shall await more confluences to accrue.

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

Charts courtesy of TradeStation.

Good luck.

Clayton Farnworth.

GBPJPY

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY : Day Chart (Posted Below)

Sorry for no blog on Thursday, I had to shoot to Perth, Scotland for a press conference on Friday morning with respect to a old colleague of mine who intends to row unaided from New York back to UK. What a challenge, not knowing what will be thrown at you from Mother nature. Having to deal with the unexpected, making correct decisions whilst operating under tiredness and stress.

Not to dissimilar to trading the Forex, however we are not asked to put our life on the line.

As short as the week has been we have been following the GBPJPY and both Thursday and Friday we were presented with RED candles and RN has provided resistance.

For those of you who swing trade this cross should be kept on your list as the day chart below shows the squeeze coning to the point of break out soon.

Have a great week end and will speak to you soon.

Blogger is not allowing me to upload the charts, please refer to your "Day" Chart regards the above analysis, thank you.

Review of Cable.

Good morning Dynamic Traders,

Due to the blogger nor updating yesterday I could not post, and it will not upload my charts today and so I would like to give a review of the Cable trade mentioned on Wednesday.

The physcological level and figure was spiked yesterday with a doji candle with a high of 1.5068, and today has moved southward.

If you did not manage to enter this trade do not chase it but instead be patient to get another appropriate entry in the future should that situation arise.

These areas you all know from your mentoring classes and webinars with 'The Dynamic Trader' so call upon your acquired knowledge to assess those points.

Good luck with your trading.

Clayton Farnworth.

Pound Yen

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY : 240 Chart (Posted Below)

For those that follow the blog and "Swing Trade" you will still be in the trade, as today price fell over 100 pips before recovering and gaining 200 pips. With short term divergence, RSI struggling to break 65 and stochastic s in OB territory and we have the RN immediate above us which may again be tested before we see a reversal. The trend line drawn is also under pressure from price as I write and a BOB could provide us an opportunity in a short term trade.
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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The Cable Tightening.

Good morning Dynamic Traders,

One to keep a close eye on again is the GBPUSD on the daily timeframe.

Price action is again approaching the physcological level and figure of 1.5000 where it has seen resistance in the recent past.

The sub chart indicator is showing divergence implying a possible reversal may be coming and so it may well move into a position for a possible trade.

The long term trendline has been broken which you can apply yourselves and this could now offer support should a fall evolve.
I am awaiting the outcome of the squeeze first ( which could run till the end of April at its extreme ), before entering any trade and shall have the consolidation zone in mind whilst thinking of any trade.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

GBPJPY

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY : DAY Chart (Posted Below)

New week, New cross. I hope you all enjoyed some quality time at the week end away from the markets. All work and no play makes Jack a sad man ! It is trading that presents us the opportunity to make a better life.

Lets look back at the larger time frames to see where the "Force" is coming from, do your own analysis.

First the monthly chart, a reversal candle in Feb 09 has given us a change in trend to the upside and looks like we will claw back some of that large fall over the six months since August 2008. We have RSI and Stochastic s supporting this.

The weekly chart gives the same picture and Support / Resistance lines can be drawn on the current up trend showing the trading band.

The day chart is shown below, The support / resistance lines are drawn on the chart and price has stayed with in this range testing both support and resistance on two occasions. The elipse has been surpassed and price bouncing off support did not quite make the resistance line presenting us a doji top. A further resistance line drawn from 24/09/08 high and through our doji top, seems to have capped price and is squeezing it towards support.

Will we get a break out and complete a wave 5 ?

Even though this move is bearish, it fits in the larger picture of bouncing between Support & Resistance, revisit your weekly chart to check.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
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Perhaps 123 on Cable again?

Good morning Dynamic Traders,

Today I am awaiting confimation of a possible 123 setup on the GBPUSD four hour timeframe.

As you will see I have put some divergence points on the image below, together with a note about the proximity to the figure.
I am going to monitor this currency pair off my lower timeframes and have already got an entry point and a pre determined SL in mind should I enter.

Price is at other confluences for this type of set-up and so depending on your trading plan you may wish to act accordingly, and whilst doing your own analysis you can also check what the higher timeframe is up to.

Charts courtesy of AdvancedGet.

Have fun with your trading.

Clayton Farnworth.

The Euro Australian Dollar.

Good morning Dynamic Traders,

I hope you all have had a good Easter break and are now fully recharged for the upcoming trading opportunities.
Today may well be lacking volatility due to the Bank Holiday period but you can now start planning for the week ahead.

I have currently got the EURAUD on my watchlist, for a possible swing trade coming.

Its short and medium term trends are down whilst the longer term is still up and price action has come out of its consolidation range but is in close proximity to the figure and a fibonacci cluster, and therefore could turn out to be false.

Todays candle is showing a hanging man formation, although it is far from over, and the sub chart indicator has got clear convergence.

For further downward movement use your ESLT, otherwise be patient and trade north should your confluences dictate together with your own T.P. rules.

Charts courtesy of AdvancedGet.

Always have fun with your trading and analysis.

Clayton Farnworth.

The Euro New Zealand Dollar 123.

Good morning Dynamic Traders,

Todays currency pair of the EURNZD is around the V.I. on the daily and the most recent low at the figure.

if you now go to the image below on the one hour timeframe, you can see that I have indicated a possible 123/DB bottom scenario.

There are many confluences in place across various timescales to have taken this trade but if you did not find this in time do not chase it but follow its development to see if you can enter at other predetermined places as taught by 'The Dynamic Trader'.

This is a very volatile pair and so if you decide ,after doing your own analysis, to take a trade on this cross, do so with caution and ensure good management.

Charts courtesy of AdvancedGet.

Have a great Easter Weekend.

Clayton Farnworth.

CAD wishes.

Good Evening / Morning Dynamic Traders

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

Cross = CAD : 60min Chart (Posted Below)

For trend refer to http://www.dynamictraderblog.com/

Not much movement today as we finished on the Daily chart with a Doji, which gave us the 2nd day of indecision.

Following on from last night detailed analysis of this cross then the force is saying a price movement down.

Looking at the 60 min chart this evening, I note the following.

Trend lines as drawn present us with a decreasing triangle, squeezing the price ? where ?

VI & RN could provide resistance along with the top trend line ?

Stochastics crossing the 70 line will be due a turn in direction at some point ?

Recent convergence has given us our current move up with price, For how long ?

A reversal formation / pattern around the previous points mentioned, may give "aggressive" traders, an early entry for a short trade, with the force from above favouring that direction ?

Target remaining as mentioned last night, the MOB positioned below ?

What are your views ?















With Good Friday and Bank holiday on Monday, I will not be posting again till Monday evening. Hope you all have a good short break from what is an interesting times in the market.

From all the bloggers at "Dynamic Trader", thank you for your interest and support.

Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
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Australian Dollar intra day?

Good morning Dynamic Traders,

Today I thought I would show a possible trade for the intraday people who read the blog.

The chart below is of the AUDUSD on the 60 minute timeframe, and currently is at former resistance whilst being in a consolidation.

This area is also at a fibonacci cluster level from its previous uptrend and current downward movement, and I am being aggressive here for the long entry.

It may be a possible end of wave 4 area on this timeframe with also a tagging of its V.I.

The shorter term trend is up and the image below does have several good confluences for you to find whilst doing your own analysis.

Charts courtesy of AdvancedGet.

Enjoy your trading and remember your goals.

Clayton Farnworth.

CAD - Back to basics

Good Evening / Morning Dynamic Traders

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

Cross = CAD : Monthly & 60min Chart (Posted Below)

For trend refer to http://www.dynamictraderblog.com/

With the early gains removed later in the day, I wanted to get a deeper insight as to what has or is happening to the CAD, so I went back to basics and looked at the bigger picture.

The monthly chart shows we have been in a down trend since August 2002 and if a measurement is taken to the low November 2007, we are sat at a prominent breather level. If we were to throw in the RN and the VI and the Advanced Get Elliot Elipse then we got a interesting cocktail of events. With the resistance, the RN and a trend line drawn over the last 6 months, stochastic s looking to roll over, RSI double topping, are we due a break down ?















So lets look closer, remembering the strength from above, the 60 mins chart.
The VI is again playing a key role with the price as resistance, 3 times it has tried to break through and 3 times being beaten back. RSI is showing divergence with the 3 recent highs, showing a potential for price to pull back. With a distorted Head & Shoulders on show, will price fall back to the MOB indicated on chart ?















So there we have it, if the force is with us, long and short say down.

Do your own analysis before placing a trade, use a stop and check the news items.


Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
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The New Zealand Dollar.

Good morning Dynamic Traders,

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

As can be seen from the image below, price is in a downtrend with a bounce happening from early March.
We dont know if it is going to continue up but by putting certain situations together we can possibly expect at least a short term downward movement.

Price at yesterdays doji stands at a former resistance area together with a strong figure which could cause a retreat as confluences build.
However whilst doing your own analysis, you will see that it has also tagged the V.I. and then add in an OB diverging RSI indicator, and there are a multiple of reasons to expect the turn.

Trade off your lower timeframes for entry so as not to chase the trade and manage accordingly.

Charts courtesy of AdvancedGet.

Always do your own analysis.

Clayton Farnworth.

CAD-y-shack

Good Evening / Morning Dynamic Traders

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

Cross = CAD : Day Chart (Posted Below)

For trend refer to http://www.dynamictraderblog.com/

Hope you all had a great weekend and welcome to another short week with Easter upon us at the week end. Summer next and then it will not be long before Xmas ! Where does the time go ?

You will see from above I have chosen the CAD for this week, which on the day chart has been playing with the resistance line since 05/12/08. We are currently back again to our support level with VI and a RN below us.

I am interested to see if this chart will full fill its threat of giving us a "W" chart pattern and if so we could be looking for a target around 1.3200 after measuring the neckline.

Stochastic s have hesitated at their present position, but plenty of room to move - up , RSI is in bullish move too.

We have, where indicated, Convergence on the daily chart and an upward movement has already started.

Please do your own analysis before you place a trade, use a stop loss and check the news.
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
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http://www.fxcps.co.uk/blog
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Intra Day Pound.

Good afternoon Dynamic Traders,

Today chart on the 4 hour timeframe is of the GBPUSD.

I am looking for this to come to an end in its current upward move be it shorter term or otherwise, and therefore either retrace or consolidate.

The RSI is showing overbought, and the price action is approaching the figure again at former resistance.
The higher term trend is still down whilst shorter term it is in an uptrend which is what we are seeing at the moment.

AdvancedGet is showing the MOB above the figure and so a retracement before the next assault may well be what is going to happen.

The short trade could well produce good gains but would have to be managed well, but a retrace may also be waited for before the possible continuation, which could be traded using ESLT should it come about.

As always please do your own analysis.

Charts courtesy of AdvancedGet.

Enjoy your analysis and trading.

Clayton Farnworth.
FX Technical Trader.

The Canadian Dollar Japanese Yen.

Good afternoon Dynamic Traders,

I hope you all have had a good weekend and are ready for the coming week of trading.

Today I am going to be looking at a possible short trade or continuation on the lower timeframe for the CADJPY, when the markets open.

The RSI indicator here is showing divergence in OB territory with a good spinning top candle for the last bar.

I am wanting to take an aggressive stance on the lower timeframe with a short in mind whilst being aware that the higher timeframe has broke previous resistance but with divergences on MACD, which could transpire to be a 'P & D' but the V.I. is not too far north.

Whilst I am trading off the lower timeframes I shall manage this position well with tight parameters if it does get triggered by my final confluences coming into play, if not I shall then be re analysing to see if the daily is going to be worth a punt.

Charts courtesy of AdvancedGet.

Have fun and enjoy your trading.

Clayton Farnworth.

Cable 123 re-visited.

Good morning Dynamic Traders,

Today I want to assess yesterdays chart of the GBPUSD.

As mentioned I was looking at trading the possible 123 set up which did come about but ran into a DT.
I entered this trade but was running for a loss for quite some time which wass not my intention.
However as I did commit at an intermediate aggressive level I decided to let it run as I had my stops in place.

After getting up this morning I was able to lock in small profits, but this was what I had intended to do at an earlier stage.

Now being as I am in the trade I shall let it run although today is big news day and shall await the outcome.

Charts courtesy of AdvancedGet.

Have a great weekend.

Clayton Farnworth.

Kiwi over ripe

Good Evening / Morning Dynamic Traders

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

I did warn last night that the G20 + NFP today Friday is a combination not to trade. Look what happened today with all these leaders trying to correct the world, Euro reducing their rate by 0.25% and the Dow Jones going into orbit. I know we want some volatility however at the current rate, we are better waiting till Monday.

Take time to analyse any of your recent trades, read a book or rewrite your trading plan.

Those that follow me on twitter would have got a number of twitters today as the NZD rallied through various resistances and finally turned down at 1800hrs GMT. Stochastic s and MACD support this turn, but for how long ?

Have a great week end and be refreshed ready for Monday night. I look forward to speaking to you on Sunday night and thank you for all the kind messages of support that Javid passed me, makes it worth while when you hear others are benefiting from the blog. Thank you

Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Perhaps 123 on Cable?

Good morning Dynamic Traders,

This morning I am posting a lower timeframe possible trade developing.
There is time for anyone to do their own analysis on this before it gets to the 123 scenario to assess it in plenty of time.

As can be seen from the image below we have all the classic signals for a short trade to be taken should the remaining confluences come together.
At the moment, just wait for the final pieces to fall into place before triggering your trade, as we all know the market will do what it wants and so wait until your risk is minimised.
Keep an eye on this pair with the high impact news out the rest of the remaining trading week, and at the appropriate time use your lower timeframes.

Charts courtesy of AdvancedGet.

Enjoy your trading.

Clayton Farnworth.

Kiwi, Down under

Good Evening / Morning Dynamic Traders

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

Cross = NZD : Day Chart (Posted Below)

After initial fall in price on the day the "Bulls" took control for the remainder of the day, finishing with a GREEN candle.

I apologise for any confusion with regards the arrow on last nights chart pointing out Divergence, If you read my explanation it was correct, however I placed the arrow to show the histogram reducing and placed the arrow generally to show this. I corrected the arrow this morning to NOT go under the zero line, even though it loses some of its visualisation intent. My apologises.

Remember we have the G20 meet in the UK for remainder of week and on Friday NFP so a certain amount of volatility / disruption will be present for the remainder of the week, use your stops correctly.

On our day chart we have the MACD histogram continuing to reduce to the centre line despite a rise in price today which means the MACD line and signal are about to cross.

RSI remains under 65 and stochastic s are on the verge of leaving the OB area.

What will tomorrow bring ?















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

The Euro Pound.

Good afternoon Dynamic Traders,

Sorry for the lack of updates, but I am trying to change internet providers and am currently running off a mobile service and so will be making the blogs as best I can.

Todays chart on the 4 hour timeframe is of the EURGBP, and I am waiting to see the outcome between the RSI convergence and the possible H&S pattern.

Once I have direction with a number of confluences I shall take this trade to whichever direction.
At present the price action does have a hammer candle at a support area but that is not to say it will not get broken.

Charts courtesy of AdvancedGet.

Happy trading.

Clayton Farnworth.

Kiwi, Left or Right ?

Good Evening / Morning Dynamic Traders

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

Cross = NZD : 60mins Chart (Posted Below)

When I was in the forces, we were once told "Always TRUST your compass" and what they meant was, there would be times when the mind would tell you, "Go Left", but the compass would say "Go Right".

When I relate this to trading, the chart is telling us "Go Left", however my mind is saying "Go Right".

This thought raised its head today following the NZD, our analysis last night displayed a confluence of events to go short, however for most of the day we were going up. I am glad to say the day finished with a RED candle.

So what happened ? By moving down to the 60min chart, let us see.

Last night prior to the blog, price was sat at the Value Index which provided some support through the previous day. Through the night price rose towards the Advanced get eclipse where we awoke in the UK this morning. We also had a RN and most importantly, as price rose we had "Divergance" on the MACD histogram.

We did not get a reversal signal / pattern until mid day GMT and this was followed by a 123786 and at the same time the MACD line crossing under it's signal line.

How surprised and pleasing was it to get the large "bear" candle at 2100hrs GMT which also pierced the support and is currently changing to resistance against the Value Index.

Also displayed on the chart is the Advanced Get MOB which shows the expected price target.

These events were twittered by myself today, follow me on twitter, click below.

To summarise,
Believe in your compass !
Do your own analysis and believe in what YOU are doing,
DO NOT get diverted by others.
Stick to YOUR plan,
Reap the rewards

"Do not take the path of others, instead make your own path and trail blaze"
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/