Some you win, some you lose !

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY , CADJPY Day chart below.

Good Morning Guys,

Apologies for no post this morning, this was due to BT Broadband issues. You will be well aware that over the last couple of days we have had a pullback after the recent gains and also with NFP due on Friday.

The market reminded that despite no matter how long you analyse a trade, it will have the final say and I was stopped out of the GBPJPY for a loss. As I had entered on a long term strategy, my loss was larger than my usual medium term trades. I have posted the chart below illustrating the logic behind this trade.














As one door closes others open and having recieved a couple of alerts on a medium term strategy taught in the trading room, I chose to enter the CADJPY. Price had broken through recent resistance and with strength in the trend, I used our "Trading Room" tool ESLT to enter the trade. The DAY chart is shown below.














With recent gains taken back by the market, you must stay focused on your rules of engagement. It is disheartnening seeing the pips and £$ being taken back, however if your rules are followed with the trend then your rewards will come to those who wait.

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

Where's my pips gone ?

Good Evening / Morning Dynamic Traders

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

Cross = NZDJPY : Day chart below.

Good Morning Guys,

Those following the blog over the last couple of weeks will be going through a number of emotions as our ship is being tossed around the oceans (market) waves. In profit one minute and the seas are calm, out of profit the next and a storm brewing up. To be consistent you must be ........... CONSISTENT, therefore you should never abandon the rules you entered the trade with in favour of scalping some profits. Easier said than done.

Last week up until Thursday our ship was laden with pips and profits, Friday and this morning we saw the market pull back and reclaim some of our bounty. 6,000 pips we accumulated, yet this morning we only have a little over 3,000. For those that have scalped before, you will find this hard to live with, however as "trend traders" we are in it for the medium to long term and after every big move there is consolidation or pull-back.

You will recall we were managing 30 trades and since Thursday we were stopped out of AUDNZD without loss due to be risk free in the trade and this morning we were triggered into both CHFJPY & NZDJPY on Long positions.

So as one door closes another opens and we now have 33 trades on the table. You will see below the chart for the NZDJPY illustrating yet again an aggressive entry with the trend.














The trend is UP long term and we have been in period of consolidation. Price dropped below the VI and produced a double bottom within a "W" formation. This formation retested and broke through the VI and resistance became support. Using the pivot high of the pullback as an entry and a stop just below the VI we have been entered into this trade.

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

The Loonie re evaluation.

Good evening everyone,

Just a quick post before tonights webinar, re evaluating the CAD.

I posted on this pair on Tuesday saying caution was warranted for a further short due to the RR, and since then price has moved up a further 100 pips or so, and thus has given a better scope for perhaps getting some short pips.

Tuesdays post contents still stand with the resistance south of the RN etc but now more pips are possibly available for the more aggressive trader with correct filter entry, as Fridays bar did give a candle formation at the good figure area, and lower breather level.

Use your filter entry to try and keep you out of trouble.

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















Charts courtesy of AdvancedGet.

Good luck everyone for the week ahead.

Clayton Farnworth.

The Aussie Canadian dollar.

Good afternoon all,

Today I wanted to post of a high probability trade, but due to the recent pullbacks and consolidations there is plenty of uncertainty as to direction.

The GBPJPY has recently hit a fibonacci level at resistance and is re-testing this before a possible continuation south making a possible right shoulder of a H&S formation on the lower timeframe and so a watchful eye is needed here, whilst the CHFJPY is at the higher breather but a little short of the V.I. clustering with a fibonacci level, so if not aggressive the trade may still be on should this area be reached.

Todays chart of the AUDCAD, although in consolidation at present is showing a pennant formation, and with price having crossed down and closed below the V.I. is offering a more bearish scenario, but as you should all know, patience is needed here for a possible BOB and should this happen traded using your filter.

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

As a quick edit to this post, the EURGBP may be looking favourable for a long trade at this moment, but check at the end of the day.
















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 below.

Good Morning Guys,

I woke this morning to find 5000+ pips on my container ship, so I thought I would check on some of the containers that came a little loose from their chains through the night, I would not like to loose any of them.

The one which drew my eye to be checked on, was the GBPJPY . I have posted the chart below for you to study. As always I followed my rules prior to entry and was using one of the LONG term strategies taught and discussed in the "Trading Room".

The trend was down, price was within its channel and previous support had become resistance. We had a RN around resistance and were in a Fib breather area. Stochastics had crossed down and the trigger was set (maybe aggressive) to enter on price dropping below previous low.

The trade did trigger, however price failed to continue down and has turned back up, maybe to retest resistance, if so could provide a double top ? The trend is still DOWN.















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

Keep them coming.

Good Evening / Morning Dynamic Traders

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

Cross = EURNZD & EURCHF : Day chart below.

Good Morning Guys,

How is your ships sailing, I have taken on a couple of more containers aboard my ship and I am currently close to my limit of exposure with 29 trades running and over 4,500 pips under control.

The markets parted with more pips this morning and as I write is taking a few back prior to the "Budget" in the UK. It is important that all your trades are well managed when such major news is due out.

29 trades is a lot to manage you may say to your self, however as "Trend Traders" we are not stuck to the screen all day and within ONE hour in the evening ALL analysis and management of trades is done. At the same time I have a mixture of strategies that I use and the 29 trades are a mixture of these. Some trades have been added to since initial entry, some are risk free and some are still to show profits.

The market at the moment keeps throwing me opportunities and as they say, "Opportunities are NEVER missed, they just pass to someone else". Two opportunities that came my way this morning were EURNZD & EURCHF and these are shown below. These were triggered by one of the strategies shown in the trading room, and you can learn these by joining the trading room on the links at the bottom of the blog.












On both occassions I have gone with the trend and as usual may have been a bit aggressive.

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

The Canadian Dollar update.

Good afternoon Forex Traders,

Todays post is of the CAD last posted on the 11th March.

As said then price was at former S/R and although has broken through since then for a small amount, is now retesting it.

As it is in a good downtrend barring the recent consolidation, many people may think a continuation is now on the cards, and it could well be, but on closer inspection this may not be a high probability trade just yet.

All I intend to do is offer a word of warning here as a former trendline from 02 and a fibonacci point of the most recent downward move and the significant '0000' are just below which could halt price should it head that way.

With only a couple of hundred pips available before this area and with the likelyhood of at least some form of significant support, if not the chance of even a reversal, this does not give a good RR opportunity, and rolled into the mix is the MACD convergence.

However after doing your own analysis you may wish to take this trade if you are of an aggressive stance and who knows, it may well go straight through that area !

















Charts courtesy of AdvancedGet.

Whatever you trade, good luck.

Clayton Farnworth.

Life on an Ocean's wave

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY & GBPNZD : Day chart below.

Good Morning Guys,

I hope you all had a good weekend enjoying the profits of last week. The market has taken a portion back this morning, but that is how the oceans work. At the end of the day we ALL are but a drop in the ocean when you put yourself in comparison versus the Forex markets and I was once told "Anyone can take the rudder when the seas are calm !"

Feeling nautical this morning, must be my Green Beret background, so take this onboard. If you take to the see in a rowing boat, things will be tough but not impossible. If you go in a container ship, you will stand more chance of survival but remember the Titanic was unsinkable !

If you are trading the market with one little trade here and there, then you may make it, but it will be tough going. Like the container ship, how many containers (Trades) have you on board ? Staying within the rules we have mentioned in previous blogs , more trades could provide more profits. If we hit a storm we may lose a container or two but other containers will be filled with pips.

I have currently 23 containers on my ship, filled with 4,000 pips, having added the GBPJPY & GBPNZD recently. I have posted both charts below for you to follow my logic of entry.













On both occassions I have gone with the trend and as usual may have been a bit aggressive.

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

The Swiss France Japanese Yen.

Good afternoon all,

A quick chart for you to analyse today is of the CHFJPY.

Price is presently re-testing a former S/R line area in an overall DT, with the current move up between breathers and price still below the V.I., although this is flat and therefore not giving good direction.

There are candle formations at the recent high indicating uncertainty as well.

Stochastics is showing weakness to the downside whilst currently being OB.

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
















Charts courtesy of advancedGet.

Good luck.

Clayton Farnworth.

The Aussie New Zealand Dollar.

Good evening Dynamic Traders,

Tuesdays post of the CHF started off well today but when the important news came out, it soon took away any gains gathered in the moring, giving a large gravestone doji (at the time of writing), to consider, but bear in mind the strong support below.

Tonights chart is of the AUDNZD, and is throwing up a mixed bag of confluences but I am going to note a few that you should be aware of.

Price is currently standing in a former SR zone, together with a breather level and RN, after its breakout early March.

However contradicting this is the MACD indicator which could mean possible further weakness to the next breather before a continuation of the trend, if indeed a continuation was to occur.

As trend trading is our goal, this is the option I am going to wait for, but should confluences change so too would the analysis.

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

Good luck to you all.

Clayton Farnworth.

The Swiss Franc.

Good evening all,

Tonights chart of the CHF, I last mentioned on the 20th of January, for a possible long and did in fact continue up for some 500 pips or so of which I hope you managed to get some.

However since about the 19th of February this pair has declined and is now possible coming back to test the V.I. clustering with a breather level, former S and R and a strong RN, before possibly resumming the northward climb.

An added confluence is the GetStochastic which is currently in OS territory with false bars to the upside.

All in all confluences are favouring the upward movement but remember to plan your entry,as the downward fall may go a little further toward the V.I. as mentioned and even continue south.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

What's in the basket ?

Good Evening / Morning Dynamic Traders

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

Good Morning Guys,

No new trades entered yesterday or this morning and I am managing the positions I am still in, all 20 of them. Trend trading may not be as vibrant and exciting as Day trading, however you still do not take kindly to being stopped out after doing your analysis. Both trades stopped out on Friday are still not doing anything and you can not afford to get too personal and do something rash, like re-entering the trade. A recipe for further losses. I have met a lot of people in property that suffer from similar traits, where by they get too personally involved in THEIR property and as a result lose money. LET IT GO.

With 14 out of 20 trades Short, you can see how the market is looking overall. I am off to Scotland this afternoon till Friday evening and depending on internet facilities may not get to update till the week end. So lets review the trades we have running at present.

EURAUD1 - Short, 740 pips
EURAUD2 - Short, 148 pips
GBPCHF - Short, 705 pips
EURCAD1 - Short, 604 pips
EURCAD2 - Short, 63 pips
USDCAD - Short, 343 pips
EURUSD1 - Short, 301 pips
EURUSD2 - Short, -107 pips Long Term Strategy
AUDNZD - Long, 209 pips
NZDUSD - Long, 6 pips Long Term Strategy

AUDUSD - Long,
GBPAUD - Short, Both trades hovering around break even (Zero)

CADCHF - Long, -37 pips
GBPCAD - Short, -60 pips
AUDCAD - Long, -98 pips

2,628 pips in the basket and all trades are being managed. As you can see NOT all your trades will be winners at the same time and the positions move with the trends of the crosses. Those who follow the blog should also be in handsome profit.

These gains have been made using the strategies and indicators taught in the trading room.

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

The Pound Yen.

Good afternoon all,

After posting Thursday mentioning a possible halt to the downtrend of the CAD, due to previous support, price then immediately fell straight through that area to continue the downtrend without so much as a pause, but as you all know to avoid FBO's ( should this be one ) there are different techniques you can employ to try to avoid such cases, and depending on your trading stance, will determine whether you use the more aggressive or conservative entry.

Todays chart is of the GBPJPY, which has confluences to note of, price is currently in a DT and maybe trying to test the former support area, with the current upmove standing at a higher BL and a possible bearish flag formation.

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

Good luck to you all for your trading week.

Clayton Farnworth.

Crash Crash Bang

Good Evening / Morning Dynamic Traders

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

Cross = DKK & CHF : Day chart below.

Good Morning Guys,

Well we have reached Friday again and volatility will die down in late afternoon GMT until Monday morning.

What a week we have had and I am sure that both you and I have experienced the whole extremes of the market in your trading this week. Monday, Tuesday and Wednesday shovelled pips into our baskets, Thursday and Friday took them back out.

Remember the "Herd Psychology" - Fear overcomes rational thinking !

With our style of trading we try to remove this fear by way of pre calculating both your stops and limits, we do this with certain tools of the trading room and using a confluence of events. Even then "The Market" will always be right and the mind will be tested. Read the book "Trading In The Zone" by Mark Douglas to reprogramme your mental attitude. You will find its details to the right of this post.

With the markets large movement this morning I have been stopped out with a loss on both DKK & CHF. Both trades never really got going after entry, they remained in their consolidation phase and then pulled back. This is one of the drawbacks of being too aggressive in your trading, which has been my style, trying to get in early.











Some Will, Some Won't, So What, What trade is next ?

I had an alert to trade Short the SEK this morning, however price is between the VI and a Major RN below (7.0000) so being aggressive is better to stand aside. Have a good weekend.

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

The Canadian Dollar.

Good evening all,

As mentioned many times in the past, patience is very important in trading especially with trying to just do trend trading, and with times at the moment good opportunities are not coming along too often and this could be a time to sit on your hands.

Todays chart is of the CAD which although in a downtrend is currently at a good fibonacci resistance clustered with former support.

If this point is broke for a continuation then appropriate entry techniques could be employed for entry, but with things standing at the moment, a consolidation,retrace or reversal could be on the cards, and so wait for direction.

As always please ensure to do your own analysis.

Good luck.

Clayton Farnworth.

Your roots provide your fruits.

Good Evening / Morning Dynamic Traders

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

Cross = AUDUSD, AUDCHF & GBPCAD : Day chart below.

Good Morning Guys,

Keep those pips coming. If you have been following our blog's both here and on our sister sites below, you will be reaping the rewards at present with over 3,000 pips taken from the markets since Xmas. I mention your roots provide your fruits as your education in trading if done correctly will always provide you the opportunity to gather in pips. Since yesterday I have been stopped out of 2 trades, NZDCAD & USDJPY. Both trades were in a risk free state, therefore no actual loss was taken and a profit was taken previously. To explain how this happened you would need to be a member of the trading room, details below.

I have entered new positions in the last 24 hours using 2 strategies the trading room uses. I have entered on a long term basis, Short the EUR and Long the NZD after being triggered into both trades. My normal strategy has entered me into 3 new trades, AUDUSD Long, AUDCHF Long & GBPCAD Short.











Both long trades have broken out of their consolidation phases and use of the ESLT from the "Trading Room" have been used to enter.














The GBPCAD had been in a breather for 3-4 days on its downward move and shows further strength in the trend on stochastics. To take full advantage of these strategies, join the trading room from the links below.

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

The Aussie Yen.

Good morning Dynamic Traders,

The blog was what I was going to post yesterday but due to an unexpected visit from someone,I was unable too.

The currency pair is of the AUDJPY and is to keep on your watchlist for close scrutiny as a possible shorting opportunity may arise using the appropriate filters although one confluence has not occurred, it is still worth monitoring.

The reasons are the possible H&S pattern forming, and also at present the price action is currently around the golden mean of the retracement starting 11th January and is possibly forming a DT pattern with the short term trend down.

However ensure to use your filters correctly and use caution as the V.I. is just south.

If the recent high of February 22nd is broke this would negate the possible trade and re-evaluation would be necessary.

Always ensure to do your own analysis before trading.

















Good luck.

Clayton Farnworth.

JPY Sunset

Good Evening / Morning Dynamic Traders

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

Cross = USDJPY : Day chart below.

Good Morning Guys,

The markets continue to feed us pips of late and I hope those following the blog are reaping the benefits. I was away from the markets since Friday, after popping over to Ireland for the weekend. I let NFP have its say and as you are aware was in 18 trades, so management of these had been taken care of. With trend trading you are in the trade for a while and news items are not as essential to you as they are to the scalper or short term trader. Even though NFP did not have much effect on my trades, I was stopped out of the JPY on Sunday evening around midnight.

I had taken an initial profit on this cross and was risk free so despite being stopped out, there was no loss. One tip I will give you is to deduct or add the Bid/Offer spread to your stop. This will prevent you from seeing a marginal loss from what you think is a break even trade. (If you record your trades on a spreadsheet, a minus (£-1.60) is a minus and recorded as a losing trade.)

You will see from the chart below that price in the JPY had broke out of its range and then came up and used support as resistance and this morning showing a return to its downwards movement. Stochasdtics is not showing any strength in the trend at present and re entry to the cross may be available at a later date.












I have entered this morning into the GBPAUD on a short position and will look at the setup in more detail tomorrow.

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

The S&P Index.

Good afternoon all,

Today I thought I would post a chart of the S&P 500 index for all you who trade American shares.

As can be seen from the chart below, price is currently standing at a good fibonacci cluster reversal area with the confluences of a 123 top showing and the short term trend is down whilst medium and long term are still up.

The reason for the post is to use caution at present as although the overall trend is up resistance is now at hand and if this is broken then the recent high would then have to be overcome.

As we know the market will dictate but no long positions should be taken out now and any in force should be managed correctly and brought up to date, and patience be used for any new trades until direction is given as at the moment a retrace, consolidation or reversal could be on the cards.

If such a reversal was to take place then this could be traded accordingly with your triggers and ESLT.

Price did go down to tag its V.I. without making a swing lower low and has now got past NFP with an extremely bullish bar which did gap up slightly, but as mentioned this does not mean we are out of the woods by any means.

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

Good luck for this week.

Clayton Farnworth.

Japanese Yen signal.

Good morning Dynamic Traders,

Just a quick post today as NFP is out tomorrow, so caution is warranted.

There is a short entry signal on the JPY with trends down but price is currently at the golden mean and a T1 is after the fibonacci cluster for the reversal.

As we know trend trading is our goal although I do refer to a fibonacci reversal cluster above, this is because there was MACD convergence before the low of the end of November.

So with all things considered, perhaps this trade should just be kept on your watchlist until after the news for re-evaluation.

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

There will be no post tomorrow.

Good luck.

Clayton Farnworth.

Overview.

Good afternoon all,

Whilst looking through relevant charts before analysing some currencies I noticed a very marked resistance which does carry over onto the Euro-zone majors, namely the GBP,EUR and CHF, which as you know all do correlate to a degree.

On doing your own analysis you will be able to see that each one is standing around a fibonacci cluster, some have MACD convergence and several other confluences on different timeframes.

This can indicate a possible consolidation or breather before a continuation of the shorter term trend or even a reversal and continuation of the longer term trend.

With big news items out this week the market is undecided as to what to do and may well be waiting direction, but as the Dollar has been possibly gaining strength due to Euro zone weakness all could change if Dollar negative news comes out.

Keep a close eye out here and dont second guess.

Also a chart to look at is the AUDCAD which at present may be trying to break its V.I.

Good luck with your analysis and trading.

Clayton Farnworth.

Take a breather.

Good Evening / Morning Dynamic Traders

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

Cross = USDDKK : Day chart below.

Hello Guys, What a last couple of days we have had. Any one who has followed the blog on this site or our sister sites listed below, should have made a nice profit over the last 7 days.I do not want to pour water on the fire by saying all good things come to an end, however management of the trades is vitally important as nothing goes up, up, up or down, down, down. Today we have news on Greece's financial problems and on Friday NFP, so expect less volatility and more likely a pullback.

Back to the positive stuff, those following my blog will know we have taken profit and are now risk free on EURAUD, GBPCHF, EURCAD, EURUSD, USDJPY, AUDNZD & USDCAD. Trend trading rewards you over the longer term and these results show you the strategies employed by "Dynamic Trader" work in the current markets. If you are not yet a member of the "Trading Room" who review the week ahead on a Sunday evening, then details are below.

Not everything will turn to Gold immediate in "Trend Trading" and patience is needed when you see some of your trades in a negative state. You must stick to your trading plan and rules f you want to see a consistent results. Your stop loss will have been placed in a calculated manner and you must believe in your decisions.

Our worst performer as I write is the USDDKK, which is illustrated below.











This trade was taken in my usual aggressive nature and some if not many would have preferred to have waited until the Major RN had been cleared. I have employed my usual risk calculations prior to placing the trade and after seeing 3 Higher Highs and stochastics showing strength in the trend, had expected enough momentum to push through and beyond the RN. Since entry I have moved backwards and forwards, in and out of profits. Price has decided to consolidate , which is common after a large move.

Have I called it right ? or have I been too aggressive ?, only time will tell and the market is ALWAYS right.

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

The Cable

Good evening all,

Once again may I apologise for not posting of late but problems have just been the norm for me of late one way or another which have prevented my updates, however, forever the optomist, things are hopefully right again and so updates should be on the way again, but not before thanking John for doing an excellent job holding the fort and all the other bloggers on the sister sites.

Tonights blog is just a word of caution with all the profitable trades that have been offered to you of late by the other bloggers, and this is on the GBPUSD.

As can be seen on the chart price action today made its low between a fibonacci cluster and at the time of writing was at a very substantial figure with slight convergence on the MACD.

If you are in this trade ensure you are managing correctly as a bounce up could well happen here due to the confluences, although the trends are still down.

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

Good luck.

Clayton Farnworth.