The Australian Dollar Japanese Yen.

Good afternoon Dynamic Traders,

Todays chart is of the AUDJPY, which should be put on your watchlist as it is coming into a position of AA as taught by 'The Dynamic Trader'.

Although three of the rules are in place, the fourth has yet to be confirmed and so patience is needed to keep off the trigger happy finger for entry until this confluence has been satisfied.

Whilst you are waiting for this to happen, you could also use your discretionary analysis to look at some possible reasons why this may not happen, i.e. former resistance and RN's thus helping to make a decision as when to enter should these be surpassed, otherwise it may turn out to be a 123/DT.

The trend is up but has had a deeper pullback than would have been liked and at present has tagged a fibonacci reversal with a spinning top candle with the latest up move, thus discretion is needed with this AA posibility confirming the need to await the final confluence.

As always please ensure to do your own analysis before trading.

There will be no analysis tomorrow.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Review from yesterday.

Good morning Dynamic Traders,

I thought I would try and get a quick review done of yesterdays post before I head off to the garage.

I mentioned yesterday that this pair had been heading upwards and had a quite deep pullback of late, and was keeping an eye on this pair for a possible resumption of the uptrend.

By close of play the trendline was still intact and therefore I did not place an entry order.

On re analysing now due to this, and looking at the fibonacci projections on the lower timeframe,
a possible test of the V.I. on the daily could be on the cards and as mentioned yesterday this had not been tagged although it is in close proximity.

Price is at the moment contemplating this '00' area and so if wanting a possible short for intra-day look here should your list of confluences point in that direction.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Australian Dollar Canadian Dollar.

Good afternoon Dynamic Traders,

Todays chart of the AUDCAD, has been trending upwards quite nicely until the beginning of July when it did start to fall.

This pullback may be a little deep, but non the less did come to a fibonacci reversal with a doji candle formation and was in proximity to a '00' figure, although the V.I. did not get tagged.

Today price is breaching the trendline as I write this but be aware of the '000' above which could cause resistance if the upward path should continue which could lead to a re-test of the high.

Currently there is short term convergence with MACD amounst other confluences but to take any trades please ensure to do your own analysis and gather more odds in your favour whilst also using your filter for entry should todays bar finish appropriately.

Due to problems with my vehicle, I am afraid there will be no update tomorrow, as I have to get it to the garage for repair.

Charts courtesy of AdvancedGet.

Have fun trading, and good luck.

Clayton Farnworth.

The New Zealand Dollar.

Good afternoon Dynamic Traders,

Todays chart is of the NZD.

After last nights webinar, the uptrend could be scrutinised as questionable, and a proper entry for the continuation would be above the recent swing high of the 2nd of June and the former support line using your entry technique.

AdvancedGet is showing a possible wave 5 in progress but at this level at the moment we are also showing a fibonacci extension level and DT with divergence on the MACD.

Breaks of this area could lead to further upward movement with the figure, further extension points and the EW 5 projection north, whilst a breakdown could have the downtrend ressuming.

Be patient and wait for the market to tip its hand and enter accordingly.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Aussie Dollar Swiss Franc.

Good morning Dynamic Traders,

After some profits on the Euro yesterday I would like to bring to your attention some possible other 123/DT opportunities.
Although they include the same base currency, namely the Australian Dollar, you can analyse and decide for yourself.The ones to look at are the AUD, AUDCHF, and theAUDJPY.

I shall show the AUDCHF regarding this 123/DT setup, and as can be seen there is longer and shorter term divergences occuring with the MACD indicator, and price action is at a good figure area.
You will also notice that price action is hugging the underneath side of the now broken trendline, and whilst doing your own analysis will see that the all important fibonacci reversal area is in play too.

Other confluences can be gained from your lower timeframes and other indicators.

I do see one flaw with this setup but I am going to leave it for you to find.

A good entry technique and money management are essential as always, so await your triggers and trade in accordance with your plan, and should the trendline break to the upside and/or the previous high negate the trade and re-evaluate.

Charts courtesy of AdvancedGet.

Have a great weekend.

Clayton Farnworth.

Normal Service to Resume

Good Evening / Morning Dynamic Traders

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

Hi all and thank you for the "Hurry up and get back to bloging" messages I have been receiving, whilst dealing with the dreaded lurgi !

Lying still for a few days gives you time to reflect on certain issues and those that follow the blog will know that 2 weeks ago we started to follow the EURCAD as it hit resistance and showed signs of a reversal with a number of confluence of events. When I spotted this trade, I read on a couple of other sites that the cross was being lined up for a BUY and not a SELL as I predicted.

These other sites were very well laid out, so these guys must know what they were talking about and already indecision has set in on your own analysis.

Many years ago, I decided not to buy a newspaper as the news was in general reported wrong and to much assumptions being made, I since do not miss any of those newspapers and the only news that has an effect on me is what is happening to me.

Was the same happening as I learn the Forex, I am getting distracted by others, who at the end of the day, know little more than me, having completed Javids webinar series ?

When you look at the Day chart of the EURCAD, then MY convictions were right.

Believe in your self and your learnings from Javid and Anne, they are the proof that it works. Try and cancel out the noise, ignore other forcasters and reading other sites, trust your own judgement.

Practice, Practice and Practice your learnings and discover your consistency.

Read "Trading in the Zone"

Make trading a "Habit" (A habit is something that you do repetative, without thinking)

Enjoy your time and use it wisely.

















Chart courtesy of Advanced Get. Data provided by eSignal.

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 Dollar,possile 123/DT?

Good morning Dynamic Traders,

Yesterdays trade on the JPY never materialised for me although I was being slightly aggressive using ESLT, as it produced a doji candle for the day and today has risen about 75 points at the time of writing this.

However the trend is still down and so I shall keep an eye on this should confluences come about again for the trade.

Todays chart is of the EURUSD, and is also looking like a possible short trade is developing in accordance with the 123/DT formation.

As can be seen from the chart below there is divergence and a fibonacci reversal figure is at hand.

Watch out for your trigger, possibly coming from a lower timeframe and enter accordingly.

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

Charts courtesy of AdvancedGet.

Have fun trading.

Clayton Farnworth.

The Japanese Yen.

Good afternoon Dynamic Traders,

Firstly I would like to wish John a speedy recovery from his recent illness and wish him all the best.

Todays chart is of the JPY which could possibly have further downside as it is showing a 'kind of' bearish flag pattern and is also in a short term down trend, but is in proximity to a figure.

Get Stochastics is also sporting a confluence with this possibility as it has a false bar to the downside indicative of the consolidation possibly breaking.

Please be aware of the resistance from the recent swing low which could give rise to a false break-out.

Also MACD is not much use here due to the channel trading of late as shown on the chart.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Recovery

Good Evening / Morning Dynamic Traders

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

Hi all, I thought I would give the swine flu a go as I had not tried it, however it looks like I only got the 48 hr viral version. Therefore I should be on my feet soon and normal service will resume.

EURCAD is still falling

Happy hunting.

John Maher
Forex Analyst

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

EURCAD Yahoo !

Good Evening / Morning Dynamic Traders

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

Cross = EURCAD: 60min Chart (Posted Below)

Are you still with me on this one ? Did you trade it ?

For those that followed and made plenty, a small donation to charity goes a long way in paying back for your education. With EIGHT British servicemen bodies returned to our shores today, one of my best friends is rowing from New York to the UK, single handed and unsupported. He lost his leg with me in the Falklands and has been at sea for 9 days so far of what could take 100 days or more to complete. This is to raise awareness of UK servicemen and women who pay the ultimate price in war. You can follow his progress and/or make a donation to his charity "Blesma"at www.commando-joe.com . If you do, then give Dynamic Trader a mention.

You will be well aware that our fruit fell from the tree today and the 60 min chart below shows this. All indicators on the 60min chart are showing severe "over sold" and a correction may well be on the cards.

Our swinging Day chart shows price passing through ALL points discussed last night, VI, RN, Advanced Get "Elipse" and kissed through a fib breather level.

Back on the 60min chart we have just completed a "Bullish Engulfing" candle, so one would have tightened their stops as tight as possible and be looking forward to be stopped out, taking as much as the 450pips that were available.















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 Pound Dollar.

Good afternoon Forex Traders,

Price action on the Cable is currently oscillating just above the V.I. in a consolidation with the short term trend still up but not looking healthy enough to trade and coming up to the trendline.

This does correspond with AdvancedGet's labelling as a wave 4 although possible further downside could be possible to perhaps the former support and fibonacci levels and V.I. shown and also the AdvancedGet T.J.'s elipse(not shown).
A supporting confluence for this is that Stochastics is hooking down.

However in this instance, for me, this short trade should it occur has too many obstacles close by to trade off this timeframe but any one wishing to do so should consult the lower timeframe charts.

I shall stand aside on the daily chart here until a break of the confines either way occurs and check for confluences at that point, and trying to avoid false breaks by using the appropriate filters, in other words this one is for my watchlist.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

EURCAD

Good Evening / Morning Dynamic Traders

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

Cross = EURCAD: Day Chart (Posted Below)

With so much happening last week, I have decided to follow the trade through on the EURCAD.

You will have read the initial analysis given last week, if not please click on this link. Initial analysis.
This was followed by a follow up, a few days later. Follow up.

There will be different types of traders who read this blog and I do hope that most of you have profited on the above trade, which ever way you traded.

I have tended to sway towards "Swing" trading of late and the day chart has become my main chart to analyse. When price had hit its resistance trend line and showed a reversal pattern, using techniques taught by Javid on the webinars, you would have entered this trade on a short.

Your stop could have been at different positions depending on your strategy and I imagine most would have gone slightly higher than the previous high. This would have been the correct decision to have it after your nerves were tested on Thursday with the Green candle, despite our analysis indicating price to go lower.

With RSI, MACD and Stochastic s all indicating price still to go lower, today your faith was restored and 170 pips of profit in your bag. Some of you may now be out or some of you might be still in on a risk free trade.

With the VI below and roughly at the same point as a fib breather level, and or the Advanced Get "Elipse"and a RN, further decisions need to be made with a further possible 128 pips available.

Beware after such a big move today, some ground may be reclaimed initially.

Please do your own analysis before entering any trade.
















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 Canadian Dollar.

Good morning Dynamic Traders,

Todays chart is of the CAD on the daily timeframe.

If whilst doing your analysis you first take a look at the weekly chart as you should always do as a matter of course of your routine you will see that this timeframe is showing a possible bearish flag pattern.

On the daily, price action is currently standing at a fibonacci retracement and extension cluster and figure, with the extension being slightly higher at the former resistance and again a good '00'.

Also in play with this is the V.I. and GetStochastics hooking down with no false bar.

This action has provided a triangle formation with the trendline and so await a break either way for direction to use your ESLT.

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

Charts courtesy of AdvancedGet.

Good luck and have a great weekend.

Clayton Farnworth.

Down Under with the Aussie.

Good afternoon Dynamic Traders,

Todays chart of the AUD is one for your watchlist.

As can be seen the price action has broken the trendline support but is approaching a former resistance area.

It is currently standing in the DD strategy for a short but is not showing any signs of strength in the downward movement and so keep an eye on this for a possible break south of the resistance and consolidation to review from there which would then lead on to employing ESLT.

All the RSI, MACD and Stochastic indicators are pointing down but do anticipate a false break.

Be aware that trends are up here and so caution would be warranted as this could be your big move small pause scenario and therefore should the opposite to the above ensue then a break north of the consolidation would see the same technique applied there too.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

EURCAD - Swinging ?

Good Evening / Morning Dynamic Traders

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

Cross = EURCAD: Day & 60min Chart (Posted Below)

Swing traders will have entered this trade on or shortly after my initial post , and be in plenty of pips as I write. With your stop above the recent high , we have enough breathing space for price to move and you may have already achieved TP1.

The day chart looks very nice, maybe too nice, remember the market is ALWAYS right. We have seen price touch a trend line and show a reverse pattern on the candles, and indicators point towards a change of direction.















The 60min chart may give us an idea of what is happening at the coal face.

You will see we have had 3 lower lows of late, with the VI playing a major role supporting price. We have tried to break through on the last 3 occasions, will the 4th push through and use support as resistance ?















Swing traders will be a lot more relaxed on this one than the day traders due to the amount of noise it makes intraday. Enjoy the ride.

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 Swiss Franc intra day.

Good morning Dynamic Traders,

This morning I am looking at the CHF on a four hour timeframe.

This pair on this timeframe has been consolidating lately and has recently pulled back to a breather level and is now attempting to break the V.I. and figure area.

The Stochastic sub chart indicator is supporting such a move at present in this consolidation zone but wait for confirmation of the break before applying your filters and be aware of the previous S/R zones, also see what type of candle develops here for further confirmation to support a possible upside move.

As always please ensure to do your own analysis before taking any trades and gather your supporting indications as taught by 'The Dynamic Trader' courses and webinars.

Please take into account that the daily short term trend is down and therefore this would be going against the trend and so extra care is needed to get the correct entry point.

However should this decide to go down from here the opposite would apply and a break down of former R/S would tie in with the daily trend, leading to your confluences building to the short side.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

EURCAD = Noise

Good Evening / Morning Dynamic Traders

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

Cross = EURCAD: Day Chart (Posted Below)

Most of the day traders who follow my blog will still be in the trade from last week, and in profit. Please manage your trades correctly and remember what Saba said last week, "Be consistent in your moves, decisions etc" Good luck with your outcomes.

Javid spoke to me last week and repeated a phrase to me he mentioned before. "You will make more doing less"
Like yourselves I thought yeah yeah yeah what are my charts doing ?
Not everyone has the time to sit in front of the computers, all day every day and his comments are directed that "Swing Trading" is less stressful and more rewarding once you understand the basics.

Patience is a key part to play, and do not be too eager to take a trade, sometimes not trading = trading. Choose your strategy and wait for your set ups, plan your entry and exit's before entering the trade. Sounds easy doesn't it ?

I am going to choose a less popular cross this week, EURCAD, so lets drill down.

MONTHLY - This cross has was in a down trend since 1995 until 2000 and then changed to an up trend. In December 2008 price reversed allowing a trend line to be drawn from October 1998. Since the we have been having lower lows and lower highs.

WEEKLY - We can monitor the lower lows and highs and draw another pair of trend lines onto the chart, which shows us a nice squeeze on price. We have the VI at the lower line and a doji at the top line which we have just kissed. Major RN 1.6000 may play a role in the future of price ?

DAILY - The change of direction from the resistance trend line is more prominant on this time frame and we could have entered a short trade using our ESLT asd taught on the webinars. Stochastics have just turned over recently and there could be as much as a couple of hundred pips available from this cross. Major RN and VI are in our way of a move to the support trend line, so be aware.

60 MIN - I would like you to look at your 60min chart and NOTE the NOISE we have on it. As it is not one of the major crosses, you will see the "wickes" of the candles (Sometimes called the tails) are generally larger than the body. This will give you a lot of problems if you are new to Forex as you will more often than not get stopped out by the noise.

If you trade scared with a tight stop loss you will get burnt - Be warned. You have to give the price room to move. This is more previlant on the not so major crosses. That is why we should remember a phrase I use often, "What do I not see ?" If you had not looked at the 60min chart you would have missed it.

I leave you back at the DAY chart which looks like a nice short trade is available.
















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 Swissy.

Good afternoon Dynamic Traders,

Today I am putting the EURCHF on my watchlist as after a long drawn out flag formation from early March this pattern did not close below the 50% fibonacci retracement and on the 24th of June price action rocketed through the trendline resistance.

Since then the retracement has fallen back to the 50% retracement again of this move which could signify another up move after the big move small pause scenario.

Some confluences for this are that the MACD histogram is positive and also the GetStochastics is showing a false bar which could indicate that a possible upmove could be on the cards.

Strength is showing in this move at present and the RSI indicator is above 50.

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

Charts courtesy of AdvancedGet.

Good luck with your trading.

Clayton Farnworth.

The Aussie Canadian intraday.

Good morning Dynamic Traders,

May I firstly apologise for the lack of posts these past two weeks without notification, but due to unforeseen circumstances it was not possible but hopefully the problem is resolved and posting should be back to normal.

The daily chart not shown is portraying similar characteristics but I have chosen the 4 hour chart of the AUDCAD for a possible intraday entry regarding a reversal.

As can be seen the price action is tagging the lower end of the former resistance area and is at a fibonacci cluster area, with RN, and has currently drawnback.

Due to me not wanting to chase the trade I shall await another entry point in conjunction with my rules as I have missed the aggressive stance now but this current bar could give that opportunity.

Use your tools for confirmation including RST and enter accordingly.

Charts courtesy of AdvancedGet.

Good luck to you all.

Clayton Farnworth