Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Sunday, 14 December 2008

Good afternoon Dynamic Traders,
Thank-you Bijal for your kind words on the sister Blog , very much appreciated.
For my first comment regarding trading, may I say , for anyone who enters any trades, ensure you manage your trades so as not to give profits back to the market and to cut your losses- always remember the 'greed and fear'.

Todays chart is the Swissy. I am looking at the 240 minute timeframe, which in conjunction with other timeframes , appears to have many confluences about it , thus possibly indicating a move up .
At present , it stands at a former resistance zone , and also a fib. cluster ( possible breather ) all this together with the O/S Stochastic , and the candle formation on lower time frames and the figure , indicate a possible move to the upside of some degree or another. For the Advanced Get users , it is also at the TJ's elipse long term.

However , please , all do your own analysis, and please note Monday and Tuesday do have high impact news out on this pair directly.















Have a great trading week.

Clayton Farnworth.

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