Update

Good Evening / Morning Dynamic Traders

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

What a great start to the week Man Utd winning the Cup !

Before we start the week, I wanted to give an update to the trades we have been looking at and I am currently in.

EURAUD - We are risk free in this trade and currently 500 pips in profit, Trend is down and stochastics is showing further strength in the trend.

EURUSD - We are risk free in this trade and currently 372 pips in profit, Trend is down and stochastics is showing further strength in the trend.

GBPCHF - We are risk free in this trade and currently 322 pips in profit, Trend is down.

USDJPY - The trend is down and we have yet to hit our initial target, we did kiss our target on the 4th Feb but not enough to to take our profit and price moved up through entry and half way towards our stop. This is where patience and a good nerve of steel is needed. Our reward is price is now back on the verge of our target.

EURCAD - We are risk free in this trade and currently 211 pips in profit, Trend is down and stochastics is showing further strength in the trend. We have reversed to the resistance which is also a fib breather level of the recent big move down.

AUDNZD & AUDCAD - We are Long on both trades and in a small profit on both, but both trades are new and take time to settle down. We currently have 40 & 11 pips profit respectivly. AUDNZD is showing more strength in the trend.

USDCAD - Price was moving towards our initial target and then revesed past our entry into a loss. Price is currently hovering again at our entry and shows a minute profit of 3 pips.

USDCHF - We are Long in this trade, which after triggering entry is yet to raise its head above the parapet. It is currently in a loss of near 100 pips, despite stochastics indicating further strength in the trend. As long as we do not stop out with our pre determined stop loss, we will remain confident.

USDDKK - The recent trend is up and this cross has an ATR 20 of 523 pips, The value of the pip is far less in this cross than others and even though it shows a whopping 565 pips down the actual loss showing is within our calculated levels. Stochastics are showing further strength in the trend, our Bolinger Bands are pointing up and we are above the VI.

Please do your own analysis before entering a trade.

To learn the methods and strategies, join the Dynamic Traders trading room, click here for details Trading Room.

Dynamic Trader members can join our trading room by clicking here.

Trade with Passion

John Maher
Forex Analyst

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

Swiss Roll CHF

Good Evening / Morning Dynamic Traders

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

Cross = USDCHF : Day chart below.

Hi guys, what a day yesterday ! I checked my trades in the morning and had a conference call with Javid, I then left for some important meetings regards some business I am involved in and never got to check my charts till 8pm. My emotions completely took over when for some unknown reason all my 17 positions had been closed.

After regaining my usual calmness over things, it emerged there had been a "bad tick" in the FXCM system and 0,000 of accounts had been effected. All trades were restored to their original positions and a gain recorded on what looked like a disaster.

This morning the market continues to hand out more pips and again I want to share with you one of the other trades I currently hold, the USDCHF can be seen below on the DAY chart. With trend trading it is a little like being on an ocean liner and not a speedboat. Things turn gradualy and you will get there eventually, however their fuel will last longer in the long run. Since this trade triggered it has yet to return to its upward direction.












You will notice that the downtrend met support at the major number 1.0000, before moving up and breaking through the VI. Was this a false BOB ? Price pulled back and has since recorded higher highs. Using our tools from the trading room, ESLT has provided a couple of entry options. We still have stregth in the move as indicated by the stochastics false reading bar. One point to remember and watch is we are currently around a fib breather level and price could retreat back to the RN or continue higher.

Have I entered premeturly ?

Please do your own analysis before entering a trade.

To learn the methods and strategies, join the Dynamic Traders trading room, click here for details Trading Room.

Dynamic Trader members can join our trading room by clicking here.

Trade with Passion

John Maher
Forex Analyst

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

GBPCHF, Conservative or Aggressive ?

Good Evening / Morning Dynamic Traders

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

Cross = GBPCHF : Day chart below.

Hi guys, the markets have continued to give more profits this morning and is presenting all kinds of opportunities to gain profits. Remember yesterdays blog with regards EXPOSURE, so you can not trade everything that moves, but keep your discipline.

I want to share with you another of my current trades that I am currently in, the GBPCHF. You will see from the chart we have had a large move down, a period of consolidation and now looking (maybe) for a further move down. Price has produced a double top (W formation) with the VI, which has been resistance and bounced down. Entry and Stop are shown on the chart and those of you more conservative, an alternative entry is also shown. MACD also showed divergence at the time of my entry.

Early gains were removed and the trade has been in a slight loss of late, we now look towards returning to some gains. Patience is the virtue.












My target to become risk free is before the conservative entry.

To learn the methods and strategies, join the Dynamic Traders trading room, click here for details Trading Room.

Please do your own analysis before entering a trade.

Dynamic Trader members can join our trading room by clicking here.

Trade with Passion

John Maher
Forex Analyst

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

Exposure.

Good Evening / Morning Dynamic Traders

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

Cross = USDCAD : Day chart below.

Good morning guys, Welcome to another week in the markets. I had expected a pullback on Friday after the gains on the previous couple of days, however it never happened and even this morning price moves forward. Remember that nothing goes up, up, up or down, down, down without a breather. When price has it's breather those with tight stops sometimes get taken out of the market.

Those of you who like myself, trend trade will operate with larger stops to allow these breathers.

Last night our weekly webinar gave us plenty of insight for the week ahead and some potentials trade for us to set up and take. These webinars keep you focused for the week ahead, as well as useful widgets for your E Signal analysis and I know that many of you have made tremendous gains following our strategies. For those of you who do not participate in the "Dynamic Trader Trading Room" each Sunday evening, click here for more details

With so many winning trades at present it is essential not to get too carried away and trade everything that moves, we must remember our EXPOSURE.
Exposure is the risk (entry to stop) on all the trades added up that have NOT reached risk free status. So, if 5 trades, each using 2% risk have not reached risk free (Target 1), then that is 10% exposure. I am currently in 15 positions total, 3 are risk free so therefore are not in my exposure. the other 12 are split over 6 crosses, of which 3 are positive and 3 negative as I write. My total exposure is currently 12.8% which is higher than the 10% I try to stick too. Until some of my existing trades become risk free, I will not be entering any new positions at present.

So what other trades am I currently in ? Lets have a look at one of these which is the USDCAD.













We have a established downtrend, with the VI closing in on price from above. Price has in general kept between the drawn trading channels and recently looked like providing a breakout. The pullback before the attempted breakout provided an entry point for the Short trade. The VI provided resistance and added to this we had divergence on the MACD. As price headed down we waited with patience until our trade triggered. This trade is not as yet risk free and is some 50 pips short of my target.

Please do your own analysis before entering a trade.

Dynamic Trader members can join our trading room by clicking here.

Trade with Passion

John Maher
Forex Analyst

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

JPY Bandits

Good Evening / Morning Dynamic Traders

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

Cross = USDJPY : Day chart below.

Good evening guys, The last couple of blogs we have shared 3 of my trades that are risk free in the market and the confluence of events which took me into those trades. I am happy to say all 3 are still in progress and providing 1400+ pips between them as we write.

I am sure you will know that not every trade does as you want it to, there fore I thought I would share with you one that is doing its own thing at the moment. This trade should have been risk free by now as it breathed on my limit order but never triggered it. This would have given over 300 pips profit and put me risk free in the trade. Granted after moving my stop, I would now be out of the trade. However I am still in the trade at a loss as I write. I do have a number of things in my favour which you will see from the chart below and I must be patient.












Price is remaining between the trading channel as drawn and we have the VI, together with our resistance line hovering above price. Will this produce enough force to drive price back down ?

You can see the Entry (BLUE) taken and the Stop (RED) placed on the trade. Profit would have been taken on breaking below support, however price has remained in the comfort of its trading range.

Having assessed the trade before entry, you must not change your rules to suit. Trade your plan till the end which should be no more than 3-4% risk. Real Madrid, Manchester United or Tiger Woods do not always win. What they do is stick to there game plan and so should you.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst

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

EURCAD

Good Evening / Morning Dynamic Traders

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

Cross = EURCAD : Day chart below.

Good evening all, with the USA back in the market today, we would have expected a deal more volatility between the crosses. What was gains early in the day have been clawed back by early evening.

To bring you up to date with another one of my now risk free trades, I have posted the EURCAD Day chart below with a near repeat description of the "High Probability" described yesterday on the EURAUD. You should now be getting a feel for the events we recognise when we want to stack the odds in our favour.

Whilst no trade is guaranteed to do what we expect, it is always a better feeling when the likelihood is it will.












I apologise for the chart looking cluttered, however I feel it is important to point out each confluence of events. With practice these will become second nature to you and your charts will be clutter free.

The Euro stole back some of its gains today and the EURAUD remained trading downwards.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst

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

EURAUD

Good Evening / Morning Dynamic Traders

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

Cross = EURAUD : Day chart below.

Hi guys, yes I am back again on the same day trying to bring you up to date with what I have been trading of late when I was off line. We went through the EUR this morning and I did mention that due to holidays there would be not as much liquidity as we normally have. Its down move continued today, so tomorrow with the market back we will watch with interest.

Another trade that has produced me good profits since I entered on 09/02/10 has been the EURAUD. I have taken some profits on this trade and am now riskfree in the market. I have listed the confluence of events with regards this trade on the chart below and want you to read them throufgh and follow on the chart.

Remember if we look for "HIGH PROBABILITY" trades then we increase our chances of success. If you miss a bus, there will always be another one. Be patient and wait.












I know it looks a lot to take in, however these events happen over a period time. With experiance you will start to see them more clearly.

I have had some possitive feedback from Javid with regards our blogs on this site and our sister sites mentioned below. Please remember these blogs are a free service and the bloggers are not being paid to write, yet increase their knowledge of the FOREX by being accountable for their words. I do hope you find the blogs helpful and thank you for your support.

Trade with Passion

John Maher
Forex Analyst

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

Eur choice ?

Good Evening / Morning Dynamic Traders

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

Cross = EURUSD : Day chart below.

Hi everyone and welcome to another action packed week in the markets. We have a bank holiday in the USA today and also Chinese New Year this week so there might be as much liquidity as we normaly see.

Picking up where we last left off was with the EUR and there has been plenty of talk over the last week or so regards its strength. The troubles in Greece with the economy and who is to bail them out have added to this crosses weakness and I would say it is the EUR that is the weaker rather than the USD becoming stronger.

Some of you who have followed my blog should be in the Short EUR trade and those that read the blog and liked what they saw have had a couple of opportunities to join in the pips. Please refer to the EUR Day chart below.












Once we established crossing below the VI then it was waiting a chance to enter the trade which you will see happened on 3 occassions. I have plotted a Trading Channel ontop of the price and price has moved neatly within this channel. You will notice resistance below price both in the form of the support line of the trading channel and the RN. The cross is still trading down as I write this blogg and you will notice strength in the move from the black line on the bottom of the stochastics.

Trade with Passion

John Maher
Forex Analyst

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

Broadband Issues

Good Evening / Morning Dynamic Traders

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

Hello everyone, I have not disappeared, I have had a week of "Broadband" issues with my ISP. It looks as if they have eventually been rectified and I hope to get things back in order and the blog back to a regular occurrence.

A lot happens in trading over a 10 day period and I have had lots to share with you. Trend Traders will be aware of the deep pullbacks we have had since the turn of the year, yet I am happy to say many more opportunities have arisen. You know the saying, "As one door closes, another opens"

I am currently in control of 1000 pips as I write this blog and will be sharing the highs and lows of my experiences of trend trading with you in the weeks to come. I will bring things upto date over the weekend and be ready to go from Monday.

Look out for my update over the week end.

Trade with Passion

John Maher
Forex Analyst

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

Failure is your greatest gift, Learn from it.

Good Evening / Morning Dynamic Traders

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

I told you on Saturday I had attended a meeting last Thursday with Jordan Belfort - The Wolf of Wall Street. I have made some notes and write those notes / comments below.

Before you read those, it is important to know that the reaction of your mind, in trading is second to none and as important to learn, than most of your trading techniques. Try and read "Trading in the Zone" by Mark Douglas, you will find the link below on the right.

Please think these notes through:

Success is never an accident. Neither are wealth and happiness. They are achieved on purpose, by people who act on purpose, and by people who all follow the same proven success formula.

Underneath creates the upper - Your roots create your fruits.

It is not where you are, it is where you are heading.

Reset your thermostat to a higher level, you will rise or fall to this level.

Model your mentors patterns - Total immersion.

You control your emotional state.

Certainty, Clarity & Courage/Confidence.

Visualise your success before you have it.

Limiting beliefs of anything, effects your performance.

I am responsible for my world, vs I am conditioned by others.

What I focus on - Expands, attracts and moves forward.

Set your vision (which inspires you & others) above your goals and your goals above your comfort zone. The road to happiness/success is along the way.

Turn failure into feedback.

Enter your trades understanding you will lose money and except the risk.

Confidence vs Competent - Respond & Not React needs practice.

A strategy will only work when you can visulise feel & believe in it working.

Does your hearbeat with fear when entering a trade ?

Turn fear into power.

Rich people make decisions quickly and change slowly.

Poor people make decisions slowly and change often & quickly.

Money rolls in and freedom rolls out.

January was not the best of months for trading with many positions being stopped out, with the slate clean and the above thoughts in our mind, lets reassess our charts and move forward.

Trade with Passion

John Maher
Forex Analyst

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