The Pound Swedish Krona.

Good evening all,

Tonights cross worth keeping an eye on for a possible shorting opportunity is the GBPSEK, which at present looks to be in an extended flag formation with short term divergence and is also at the lower breather level in a downtrend, whilst the higher breather does stand at former resistance as well though.

However things to be aware of though are the close proximity of the V.I. which could draw price and price is at present above the strong figure and the more recent '000'.

Should your correct confluences occur use your filter entry technique , but as always please ensure to do your own analysis.

Remember to always trade by your rules and do not deviate as this would just encourage you to break them again, your plan is there for a reason.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Toe in the water

Good Evening / Morning Dynamic Traders

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

Cross = CADCHF, Day chart below.

Good Morning Guys,

As always the markets give a little and then take a little and this has been happening over the last week.

Those that follow this blog should be in profits from the trades we have looked at and entered. If you have lost your nerve and closed your trades then you will be the long term loser.

No matter how long we analyse a trade or how many indicators we use, the market will dictate what is to happen, therefore we have to try and have things in our favour. This is where the words "High Probability" and "Confluence of Events" come into play. There is no hard rule as to how many you need on your side, the more the better.

As TREND traders we do want the TREND in our favour and our initial entry is our "Toe in the water". Our initial target is T1 and if this is hit, it will give us an answer as to whether we have found a trend or not. If T1 is hit we will be risk free in the TREND and looking to make further gains.

The mechanics as to how all this takes place, are taught in the "Trading Room" and for those interested we have a link at the bottom of this blog.

Yesterday our basket provided a further 3 crosses hitting T1 with over 500 pips of profit, which now puts us risk free in another 3 crosses. EURNZD, NZDJPY & CADJPY.

How many of these will continue to harvest profits is unknown, as the market decides, however we have taken profits on ALL 3 and are now RISKFREE.

Some WILL, Some WON'T, So WHAT, WHAT is my next trade ?

Note: the CADJPY has got a "Double Top" therefor could reverse and stop us out, it is also the only one of the 3 that DOES NOT currently have strength in the trend.







































Please look at all 3 charts, we have a Short and 2 Longs, one of which is showing a "Double Top".

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

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The Pound New Zealand Dollar.

Hello all,

Todays chart of the GBPNZD, could be getting ready to resume its downtrend as there is a very small H&S pattern showing at present which merges in with the recent consolidation.

This pattern could also be interpreted as a triple top in a downtrend which would indicate more weakness to come, and as it is following the current trend could prove a good shorting opportunity.

This pattern formation topped at a fibonacci brether level, albeit a lower value one, which is an added confluence for the already many indications for the short.

A risk free trade could be had before the next support if planned properly using ESLT, but as always because the markets do what they wish, please ensure to do your own analysis before trading.

Also for those not in the GBPAUD, the longer term system gave a short signal on Thursday which was followed by a hanging man doji on Friday, but due to the consolidation and '000' above MoBo would be a better entry technique here.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

No pot of Gold yet !

Good Evening / Morning Dynamic Traders

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

Cross = CADCHF, Day chart below.

Good Morning Guys,

What a week we have had this week, volcano's spurting out hot ash, and I am on about the one in Iceland, not the 3 on the "Election Debate" on TV. Thousands stranded all over the world trying to get home with no flights and not to mention the race to the Premiership taking another twist. The markets decided to return to their trends after taking most of our profits with the recent pullback.

A nervous time for most, however opportunities are provided for those that are watching. pullbacks give you a chance to add to your positions, how you do this is taught in the "Trading Room". As mentioned on the last blog, my best trending crosses and present have been EURCAD & EURAUD and I currently have 2,100 pips & 2,200 pips respectivly, a total of almost 4,500 pips between 8 positions.

I had mentiond GOLD recently, however this trade never triggered and price has pulled further back.

My total trades are now at 27 having added to my EURCAD & USDCAD positions and took out a new position CADCHF. This cross has been discussed and analysed on our sister site by Zaheer.
I entered in my usual aggressive manner after a BOB from a recent high, The trend is up and we have strength in the trend indicated in stochastics.














We have a number of crosses at their 52 week high or low as we come to the end of the week, these are always useful to look at over the weekend as they enter new waters.

52 week High
CADCHF

52 week Low
EURCAD
EURNOK
EURNZD
EURTRY

Lets hope the weather keeps up for the weekend and enjoy your couple of days away from the market.

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

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The Danish Kroner.

Good morning Traders,

Todays chart does not seem to want to load into the blog and so just an explanation will have to be given.

It is of the USDDKK and can today be seen to be breaking current resistance whilst in a good uptrend.

This therefore looks like a continuation could be about to take place and having used the appropriate entry technique price is currently below that entry point as resistance of late March is still trying to hold.

The target price is below the other resistance on the chart ( former highs ) and so confluences are in our favour for taking this long trade but as always please ensure to do your own analysis before trading.

Good luck.

Clayton Farnworth

15% in ONE day

Good Evening / Morning Dynamic Traders

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

Cross = GBPCAD, Day chart below.

Good Morning Guys,

The market resumed its trend movements today and rewarded all those that waited patiently whilst pullback and consolidation took place, and wasn't worth it.

15% Gain of funds in ONE day.

Remember those who follow this blog know we have 23 trades in play and as they say "You have got to be in it to win it !"

Our worst performing cross in our basket is the GBPCAD, so I have posted the DAY chart below to refresh ourselves with our entry etc.














You will see from the chart we entered this trade in our usual aggressive manner after a breakout had taken place and our ESLT triggered the trade. Despite our indicator showing strength in the trend at entry, you will see this faded away and we entered a consolidation phase. (After every big move there will be consolidation) A couple of days ago on price hitting resistance we were presented with a doji candle indicating a change of direction and today price made thgat move.

After such big moves today, do not be suprised if the market takes some back tomorrow. Please ensure you have managed your trades and do not break the rules you have set. If your rule is price closing below a perticular point = move stop, then wait until price DOES close below that point and NOT just hits it. This is a regular bending the rule, that people do.

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

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The Pound Swiss Franc review.

Good evening all,

Tonight I thought I would review the GBPCHF last posted on the 11th, where it was said it looked as if it may come down but it was not a good trend, and immediately fell about 150 plus points but has since tried to start to climb again.

This post is more to say await an outcome because it is not in a position to short at present although the trend is still down and price is bearish but it does look like a move north is more in order at the moment although for me some things are missing and one is the obvious of going with the trend.

That said let us see the outcome here as a push up does look possible and maybe to the V.I. as mentioned in the previous post and should this happen a re-evaluation can be done then.

As always please ensure to do your own analysis.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Aftershocks

Good Evening / Morning Dynamic Traders

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

Good Morning Guys,

Just when you thought it was safe to get back in the water, we get an aftershock with the CAD on Friday afternoon. Have you ever heard of a person having a heart attack and then within a short period of time they get another, just like an earthquake or a Tsunami. We should have expected it !

I lost 2 of my positions on Friday as well as a large slice of my profits, however the TREND is my friend.

First to go was the CADCHF which was risk free from taking earlier profit, so nothing really lost with that one and then we lost the USDCAD, which was a compounding trade, trying to add profits to a cross I am already in and in profit. I lost approx 150 pips.

Let us see how the markets start the week tomorrow and we will look at a some charts on the next blog. After every big move, we get consolidation, so you will be aware that with a lot of charts consolidating, not many trades available, therefore patience is needed.

We still have 23 trades in play as I write and a number of these are risk free, if opportunities arise and they fit our trading plan, then we will take them.

Plenty was discussed tonight in the weekly "Trading Room", if you want to advance your trading, click on the links below to join.

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

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The Canadian Dollar Yen.

Good morning all,

Today I am doing a morning update as other things have to be done before the webinar tonight.

A chart which has caught my eye is of the CADJPY, this has been in consolidation, ranging from about June 09, but at the tail end of March did break-out of the high of that range, to reach a high on 7th April and then to fall back down to where price is of Friday.

This area, is once again the high of the range/consolidation, which is being re-tested and could see former reistance becoming support which has the added confluence of the strong RN to try and aid it in holding.

This is looking good for a possible continuation trade and entry would be by ESLT , whilst for the more conservative of you a break of the high would be a better entry for you.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro Pound.

Good evening Forex Traders,

Apologies for a quick update tonight as I have something I have to attend to, and also for not being able to upload the chart.

Tonights pair is the EURGBP and I last mentioned this as a quick edit on March 23 for a posble long, and it popped up for a couple of days then fell sharply, so a loss on that for me.

However it now looks like further weakness could be coming in this pair as it is below the VI and former R/S and good figure area.

This could be a good one to watch for with MoBo but is not there as yet.

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

Good luck.

Clayton Farnworth.

Harbour drills !

Good Evening / Morning Dynamic Traders

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

Cross = EURAUD, EURCAD , Day chart below.

Good Morning Guys,

After been hit by the Greek bailout reversal of the market, we described in the blog as a Tsunami, The UK has now been hit in the sky's with a volcanic ash cloud bringing the sky's to a standstill for 24 hours. At least the markets have not come to a stop and look as if they are returning to their trends.

I have had many messages from you of losing profits, moving stops, getting stopped out etc, REMEMBER "The market is always right"

I have managed to stay in all the 25 trades I was in this time last week, yes I lost a lot of profit Friday - Monday, however I did not get stopped out.

When the Tsunami hit my portfolio, my harbour wall around my positions was far enough out, it protected my boats. Yes there was a few wobbles, but calm was restored and lost profits were starting to be returned.

The two main trending crosses that have provided consistent profits are the EURAUD & EURCAD, I have posted both DAY charts below. Please observe the MAIN indicator - PRICE and its reaction to "Support & Resistance" and also the "RN" (which is a Support & Resistance).

If you look at the circle on both charts, was the signs there ahead of the "Greek" Tsunami. It seems that we had reversal candles ahead of the storm.












Where have you built your harbour walls, join the "Trading Room" on the links below and learn now. Do not wait until the next Tsunami.

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

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The Singapore Dollar Japanese Yen.

Good evening all,

As has been said by the other bloggers on these sites, frustrating times are testing us all, with the pullbacks and consolidations, but this is just part and parcel of trading, so just to reiterate, stick to your plan and therefore your trading rules.

Onto tonights chart which is of the SGDJPY and has today pierced former resistance and is bullish at present after the long consolidation.

The RSI indicator is showing OB though, but when trying to breakout can quite often be in this position.

Should a northward move occur you should know how to trade this with verification, but if it fails it will just go back into its 2009 range.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

My Big Fat Greek Wedding, Not !

Good Evening / Morning Dynamic Traders

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

Good Morning Guys,

Have we been having fun since Friday ? If you ever listen to some of Jim Rodgers interviews on You Tube you will hear him say that the "Greeks" should have been told to sort their own mess out, instead Euro are going to bail them out and the news sent a tsunami through our trades.

Like a tsunami many traders have been left devastated that their profits have gone and stops triggered. Others fearing for the worse have cashed in their trades before they lose any more and all rules have gone out the window.

Anyone can hold the rudder when the sea is calm.

As I write I am still in all 25 trades that were in place previous to Friday, yes my profits have been reduced, but I am still in the trades and holding onto my friend the TREND.

Rules were set in your trading plans and your analysis made to enter your trades, therefore what risk that was taken was calculated and one that you were happy to take.

Lets see how the rest of the week pans out.

Talking of panning, GOLD was looked at in the last blog and price has also pulled back over the last couple of days. This could provide us an entry into the trade of which the trend is UP and listening to Jim Rodgers talk about Gold, he reckons 2000 by the end of the century. Now that is what we would call long term trading !

Those of you interested in progressing your trading of Forex, join our "Trading Room" from the links below and watch your results improve.

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 J9JDM On:

Follow our other blogs, .eu & .com

Somewhere over the Rainbow !

Good Evening / Morning Dynamic Traders

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

Cross = XAUUSD , Day chart below.

Good Morning Guys,

I had a great meeting with my fellow bloggers on Friday in London and a big thank you for the input given by both Javid and Anne. We were all glad to hear of positive responses to the blog's and discussed ways to try and improve them. Thank you for your kind words which always give encouragement to keep writing.

Congratulations also to a our fellow blogger Bijal and husband Ash who recently were stopped out on a 9 month uptrend.

Talking of a pot of Gold, I was looking through my charts over the weekend and noticed an interesting chart pattern on the DAY chart of Gold (XAU) An inverted head and shoulders.

Those that follow our precious metals will know we have been in an uptrend for some time and after every big move we have an area of consolidation, which is what has been happening since Xmas. I have drew in the pattern for you to see and leave you to look and decide if you have any other confluence of events to add ?

If we do make a break upwards we have rewards awaiting.















After our gains of last week, the market pulled back on Friday, and has continued to do so as I write on Sunday evening. You must remain disciplined in your rules of trading even if you see your gains being taken back. Do not let your emotions get the better of you. Rules are to be adhered to and the more you practice the luckier you get.

If you have analysed your trade and accepted the risk before entering, then let it run...............

When you learnt to ride a bike, there were many a cut knee, elbow or bumped head before you mastered the skill. Once mastered you were away having fun. Now you have mastered the bike remember there are different bikes for different terrains. There are also different strategies for different types of markets, find out what these are and how to use them at 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

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The Pound Swiss Franc.

Good evening all,

I thought I would do an update before the webinar tonight and would like to thank all the bloggers and Anne and Javid for a good day on Friday, I really enjoyed seeing you all and having a good chat.

Congratulations to Bijal and Ash, and I've got to say it, well done Ash for all your hard work ! ! !
(Only joking Bijal.)

Tonights chart is of the GBPCHF again, as since I mentioned it price has continued north and therefore not been entered for the short, using the filters, I am looking for.
Since writing on Tuesday about this pair, an entry for short has been signalled on a longer term trade using a 'Dynamic Trader' method, but again has not triggered.

However since then, a confluence using this 'D.T.' method has fallen by the wayside but is still in a position to trade discretionarily, and with the added bonus of a reasonable doji candle formation which did spike the golden mean only to close back at the higher breather level area and at a good '00' figure.

Please be aware that this is not in a good trend at the moment although it is bearish, and does of late try to hang around the V.I., but as mentioned is showing characteristics of a shorting opportunity.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The TREND is your friend.

Good Evening / Morning Dynamic Traders

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

Cross = EURAUD , EURCAD Day chart below.

Good Morning Guys,

With the Bank Holiday this week, we have had a short week, yet so much has happened. The BoE decided to leave interest rates the same in the UK, this decision was no surprise with an election now being called.

Those who regular follow the blog will be aware that we are "TREND" traders and I thought I would share with you my best trades this year, so far, now that the first quarter has finished. Finding a good trend is like finding GOLD, Gold comes in veins and when you find one it can be very rewarding.

The EURAUD & EURCAD are 2 crosses I have been in since the beginning of the year and as I write have returned me 2500+ pips and 2000+ pips accordingly. You will see from the charts below there is/was a confluence of events on both these charts which presented us with the opportunity to trade. Entry's, stops and limits were used as taught in our trading room of which you can find details on joining below.










Both crosses are in well defined down trends since the beginning of the year and have moved between their respective trading channels. Long may they continue.

As mentioned earlier in the week, I am off to Leatherhead to meet the other bloggers in the morning and will not be updating the blog till the weekend.

Have a good day's trading.

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 J9JDM On:

Follow our other blogs, .eu & .com

The New Zealand Dollar Japanese Yen.

Good evening everyone,

I am afraid that there is nothing much to write about tonight as trades go because not many things are happening regards new positions due to pullbacks, consolidations etc., so tonights chart is just to keep an eye on to see how things pan out.

It is of the NZDJPY, and looks like some degree of a northward move could happen, but early resistance would be found at either the trendline or highs of October and January therefore no entry is recommended on this pair but as usual just use it to try and learn from to see how it reacts to the obstacles laid before it.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Pound Swiss Franc.

Good evening all,

Tonights chart of the GBPCHF, could be getting ready to resume its trek southward.

Price is currently retesting a former S/R area together with being in the midst of breather levels.

Although there is no candle formation yet as an added indication, stochastics is showing a downward trend whilst coming upto the OB area.

Await more direction if conservative or place an order if aggressive using your filters, but do bear in mind the strong '000' figure which price has recently climbed back above and should really be overcome before your entry.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Basket of Eggs

Good Evening / Morning Dynamic Traders

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

Good Morning Guys,

It will be Bank Holiday Monday here in the UK by the time most of you read this post. Volatility will not be as high as normal due to the Easter break, despite the markets being open.

Those of you who were questioning their beliefs on Friday, after the markets were wiping your hard earned profits off the table, would have sighed with relief as the markets started to return what they had borrowed once NFP was out of the way.

With the 1st quarter of the year now finished you will have had time to recap your trading and assess where you are at ?

We are still in 31 trades and here is the summary.

AUDCAD Long 2 positions -300pips
AUDUSD Long 2 positions 80 pips
CADCHF Long 2 positions 100 pips
CADJPY Long 2 positions 340 pips
CHFJPY Long 1 position 200 pips
EURAUD Short 3 positions 1400 pips
EURCAD Short 3 positions 1300 pips
EURNZD Short 2 positions -300 pips
EURUSD Short 2 positions 600 pips
GBPAUD Short 2 positions -300 pips
GBPCAD Short 2 positions -240 pips
GBPCHF Short 1 position 500 pips
GBPNZD Short 2 positions -760 pips
NZDCAD Short 1 position 60 pips
NZDJPY Long 2 positions 200pips
NZDUSD Long 1 position 30 pips
USDCAD Short 1 position 450 pips

There you have it, trades are a mixture of medium and long term strategies as taught and discussed in the "Trading Room" 3500 pips to the better and a number of these trades are risk free with profits tied in.

We have plenty of room for improvement and not all trades will provide a profit immediate. Also even the greatest of traders do not call every trade correct.

Have you sat down and mapped out your trades as above and then looked at the charts again to determine if your decision was one you would repeat (Hindsight is a wonderful thing)

I am looking forward to Friday when I get to meet up with the other bloggers in London and hope Bijal makes it, as one of her long term trades is about to hit its limit. Good luck with that one Bijal and Ash.

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
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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog

The Swissy again.

Good evening all,

I hope you are all enjoying your Easter break and getting ready for your return to trading.

I last mentioned this pair, the CHF, on the 16th March for a possible long to which price did move up just under 200 pips but also did say about the VI being close at hand and now this has been reached on Thursday with a good doji candle formation.

Other confluences are that price is staying above former S/R whilst also being at a good fibonacci cluster level and also at a strong figure area, and there is short term MACD convergence.

All in all this is looking like a good long opportunity at present but stick to your entry rules, as anything can happen.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The South African Rand.

Good evening all,

Sorry for not posting since last weekend, but amoungst other things I have had power cuts this week and so although NFP is out tomorrow and it is Good Friday, I still thought for the more aggressive traders out there that the ZAR was worth a look at.

Although this has been in a wide range since mid October it is currently nearing the low of that range and with all trends down may possibly have the strength to break this range but be aware of the figure areas('000' and '0000') and previous support of August 08.

If these were to break then the next support could be seen at around the 6.5000 area.

I am not saying it will break but should it happen then a trade can be taken accordingly.

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

Charts courtesy of AdavncedGet.

Good luck and have a great Easter weekend.

Clayton Farnworth.