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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