The Aussie Canadian Dollar plus others.

Hello all,

Hope you have had a great time so far and are getting ready for the New Year.

In case anyone does visit the blogs over this festive period I thought I would post a quick note regarding the AUDCAD and some others for you to take a look at.

Price action has recently tagged the V.I. as can be seen from the image below, and has since had a slight bounce which looks at present like a bearish flag and the GetStochastics is showing a FB to the downside, and the short term trend is down. This could be traded according to your rules should the correct trigger occur or should it decide to head northward then the short term trend should be resumed before considering the long trade.

The CAD is also looking good for a possible short using DD, whilst the CADJPY maybe good for a long but resistance is nearby.The EUR could be producing a flag, and the same goes for the EURCAD but this is at significant support in the form of a RN.

There are other pairs to look at but this is something to be going on with.

As always please ensure to do your own analysis before taking any trades and remember that the markets are not funtioning normally at present due to the holiday period.

Have a great New Year.

Charts courtesy of AdvancedGet.

Enjoy yourselves.

Clayton Farnworth.

Merry Xmas & Happy New Year

Good Evening / Morning Dynamic Traders

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

A short note from myself to let you know I am on the mend and intend to start my blogs again in the New Year.

My operation went well and I have been off my sticks some 3 weeks, even though I am not running yet. It will take up to 9 months for a full recovery.

I have to thank Clayton for keeping our blog going single handed over the last 3 months and we will be spreading the work load between us in the near future. I believe we will be moving onto a new website that has been built and you will be able to follow ALL the bloggers from there.

I have been maintaining my trading and hope to share with you my experiences, for better or worse. As my trading is medium to long term, I do have some trades that are open through the break. Those of you who are short term or day traders will have closed all your positions.

Finally, I would like to thank Javid, Anne and the other bloggers for providing the opportunity and wish them and you a well earned rest.

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

A very Merry Christmas and great New Year.

Hello Forex Traders,

With the time of the year I am not opening any positions today and after looking through my charts have not found anything that changes my point of view.

Therefore instead of posting about any charts I would like to take this opportunity to wish everyone a great time over the festive period and hope you all have the chance to re-charge your batteries.

I shall post next week if I find anything of interest but in the meantime all take care and enjoy your family time.

All the best to each of you and looking forward to good times next year.

Clayton Farnworth.

Managing the Euro.

Good morning Dynamic Traders,

Whilst waiting for the BT engineer I thought I would try to get a quick update done internet allowing.

I mentioned the Euro for a short about a week ago which infact has dropped over 300 pips since doing so therefore well done to those of you who did your own analysis and took this trade.

However i do want to emphasise the importance of managing your trades as this pair are now at a former R/S area together with the V.I. and a candle formation from Friday.

I am not saying it is about to shoot northwards again athough this could happen but am saying that if you are in the short trade don't give all your hard earned profit back and thus lock in what you are happy with in conjunction with your TP rules.

At present the RSI is showing OS and the Stochastics too but this has also got a FB.

As always please ensure that you do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Australian Dollar.

Good afternoon all,

Well I am still having difficulty accessing the internet or connecting to the blogger dashboard to update and am having another engineer out tomorrow for the morning appointment, hpoefully it will get finalised once and for all, but apparently on the traffic light calibration iam am on a red line which is not good.

Before going onto todays chart I would like to wish all the bloggers and readers a very Happy Christmas and a fantastic New Year and I will endeavour to do updates over the festivities but remember that the markets are not as they ususally are as even the big players take time off as
too and so normality will return in the New Year, and so as said I will post over the holiday period but first and foremost enjoy your time.

I did have other posts for last week but couldn't access the blogger, one being an update of the posts already done but now as this has gone I shall move on with another currency but in the future may decide to follow a currency through a weekly period and then for the next week choose random currencies throughout hte week, we shall see.

Todays chart has been consolidating since about mid October and did hit a fibonacci reversal figure mid November and is showing signs of the uptrend weakening ( but for how long ) due to certain confluences and one being that price has hit the reversal with the MACD playing out its role as well.

Whether all the confluences are indicating just a short term pullback I don't know as the trend can be seen to be up, the the V.I. is approximately 500 pips below which is clustering with other possible support areas.

Should price make it that far, remember that it will not go in a straight line but initially it looks as though a bearish flag may be occurring with this little rise testing former support.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Norwegian Krone.

Good evening all,

A quick review of Sundays post shows a possible 100 or so pips could have been had although this trade is still running whilst last nights post as mentioned was not quite ready and therefore no order was put in and price has continued up so far but I will keep a watch on this pair.

Tonights chart is showing a buy position although discretion is warranted as at the moment price action is coming up to make a DT in a DT at the trendline, and so wait for a BOB to employ your filters should this happen, although at resistance like this a pullback could well happen, and should a good bearish candle formation occur then this could signify a resunption of the DT and you should know how to trade this scenario.

Therewfore wait the direction and make your call, but remember after every big move , consolidation can occur.

As always please ensure to do your own analysis.

Charts courtesy of AdvancedGet.

Have fun.

Clayton Farnworth.

The Pound Swissy.

Good evening Dynamic Traders,

Well hopefully I should be back up to speed tomorrow as a BT engineer is supposed to be coming around in the morning slot between 8.00am and 1.00pm, so I've got my fingers crossed.

Tonights chart although it has the short term up has both the medium and longer term trends down.

Price action has recently tagged the VI around the figure area continued down and could now be forming a bearish flag, and Stochastics are getting OB.

This may offer a shorting opportunity soon and a good entry point could be calculated should the offer present itself as divergences are showing on the lower timeframe with MACD but the breather has been surpassed.

I am waiting for a couple more confluences before I will take this short and you should ensure that your quota is reached before doing the same.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro US Dollar.

Good afternoon Dynamic Traders,

Firstly may I apologise for not posting last week but I have had a nightmare with broadband again and have not had much help from either my ISP or BT but had a very good local IT person take a look at it yesterday and has now got both ISP and BT listening as the line is receiving then not etc and so hopefully an engineer will be out early week, but in the meantime I am up and running although very slowly ( last speed check 0.3 Mbps ) but will try to keep posting.

I shall only try to give quick updates until this is rectified due to obvious reasons but please bear with me until the problem is hoefully sorted.

The EUR is showing a sell sign from one of our ways of trading after not being able to break away from the pyscological figure area of 1.5000 but this signal is contradicting the trend which is up and also Javid's view of the Dollar weakening, and so a discretionary call is needed.

A trendline break has occurred and a pullback is now occurring but to what degree we dont know. However former resistance now turned support clustering with the V.I. is close below and if met could provide stability before a possible continuation.

As mentioned the trend is still up with a good fibonacci cluster northward and so await a well determined entry from tying in your confluences but remember price may well be determined to test the V.I. before any continuation occurs if at all, also a bearish flag pattern looks as if it is occurring on the lower timeframe charts.

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

Charts courtesy of AdvancedGet.

Looking forward to a new week.

Clayton Farnworth.

Sparse trading.

Good afternoon everyone,

On looking through my charts this afternoon and of late one thing that is so true from the mentoring us bloggers have had is that after every large move there then comes either the reversal or conslidation then continuation or reversal.

With all the large moves many currency pairs have had recently, a consolidation phase is now taking place and so the frustration builds as not many triggers are happening on our preferred timeframe of the daily.
This is the 'preferrred timeframe' as it requires less attention and due to time restrictions for some of us this is therefore the timeframe that each of us can manage best.

However as just mentioned the frustration creeps in as not many triggers occur during this period, so if you are feeling frustrated by us bloggers writing 'put this on your watchlist' you should try going down to your lower timeframes to trade intraday should you have the adequate time to devote to this for analysis and management.

One thing you be aware of that this way of trading does require more of your time as once entered into a trade management is vital as news items can make the market react substantially intraday and obviously fibonacci levels come around more quickly albeit still only proportionately.

Therefore the more trigger happy, need to trade, aggressive stance traders out there with the time available have a go at the intraday timeframes but for the more conservative of you this is time to relax a little and as we also keep saying be patient.

All the bloggers will continue to update to the best of our ability but in these pattern formations at present the oppportunities are not going to be as significant as the trending times and until they return we shall put forward possibilities as normal.

Good luck to you all and get ready to a possible 'Santa Claus' rally in stock, in the build up to Christmas.

Clayton Farnworth.

The Euro British Pound.

Good evening Forex Traders ,

On looking through the charts tonight, I have noticed alot of pattern formations possibly due to the big news out tomorrow, but I thought I would show you a chart of the EURGBP on the four hour timeframe that has triggered an entry today.

With it being on the lower timeframe it will have to be managed closely and especially with NFP tomorrow so will get closed out later or at least very tight stops put on it, and also with the divergence going on both longer and shorter term.

Some of the confluences were the continuation of the uptrend with a break above the V.I. and then a re-test of this as support.

Also there is the AdvancedGet EW count showing a possible W4 at this point and also the figure area in proximity at this point.

Perhaps a little late to enter on this now for these reasons as the entry point has passed but thought I would show you the reasons behind it.

As always please ensure to do your own analysis.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The British Pound.

Good evening Forex Traders,

Tonights chart is of the GBP which has the longer,medium and short term trends all up at present but is currently in a consolidation phase.

Keep this on your watchlist as a possible upmove could be on the way shortly but as at the time of writing I do not have my full quota of confluences but they do seem to be adding up.

MACD is down at the moment but is starting to hook up, whilst GetStochastics is pointing up with false bars on the upside and RSI is above fifty.

However should the move north occur remember recent resistance of early August around the figure area.

Trading conservatively would wait for the consolidation break either way.

High impact news is out tomorrow and as you should all know NFP is on Friday.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro.

Good evening Dynamic Traders,

Last Wednesday I posted about the EUR for a possible long but did not get entered using ESLT as price fell heavily the following day.

Todays price action is again trying to move up and may well leave this pair in the parameters of DD.

This could be worth looking at for a possible long trade should the correct signals occur but do be aware that MACD is showing divergences across different timeframes and a fibonacci cluster does lie north with strong figures on the way.

The MOB is also above and GetStochastics does have the false bars to the upside and one is just forming now too.

You should know the correct entry situation if this move occurs and good management is imperative.

As always please ensure to do your own analysis.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.