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

Follow J9JDM On:

Follow our other blogs, .eu & .com