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

Down, but not out !

Good Evening / Morning Dynamic Traders

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

Cross = AUDUSD : Day chart below.

Hello everybody, I hope you all had a good break away from the screens for a couple of days and had a chance to reflect on last weeks results.

Last Wednesday I was stopped out of 6 positions on the day which tried hard to effect my psyche, however all was not lost. Some of those positions were multiple on crosses and a couple were winning single trades, either way I do not like giving back in one hand what I gained in the other. Added to this as a "Trend" trader I like my trades to continue for a longer time period.

Tonight I want to look at one of the crosses I lost on, and reflect on the eagerness to get into the trade early can bite you, when patience would reward you. I had been in both the AUD & NZD previously in their uptrend and was awaiting them to return to their uptrend after a recent deep pull-back.













I have indicated the trend and resistance on the above chart and you will see the trend in force from the beginning of 2009.

The following chart looks closer at where I entered the trade incorrectly and patience would have kept me out of the trade and the cross remaining on my watchlist. This would have prevented myself from having losers in two crosses as the NZD also performed similar.














Trying to be too eager resulted in my taking the RED resistance line as a signal to break, which would indicate a likely return to the uptrend. Entry provide a short term profit before price fell away and presented me a loss after being stopped out.

The correct line should have been the BLUE line, which had been used numerous times previous and price NEVER would have triggered the trade using my ESLT. Furthermore we are now at 50% retracement, a key Fib level, which could see price return to attack it's previous highs and its uptrend.

This cross remains on the watch list for confirmation and use of the ESLT on the BLUE line may trigger a further entry.

I do hope you learn from my mistake and remember to do your own analysis before entering any trade.

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 Australian Dollar.

Good morning Dynamic Traders,

Todays chart is of the AUDUSD.

The weekly timeframe is currently standing around the V.I. and the daily is showing divergences on the MACD.

If you now look at the four hour chart below you will see that both longer and shorter term divergences are in evidence.

After breaking the figure and coming back down, price action is currently approaching former resistance which could now act as support.

A possible shorting opportunity could be available now for the more aggressive trader with a view to quicker term pips or depending on your stance wait and see if the confluences build for the more conservative approach.

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

Charts courtesy of TradeStation.

Good luck with your trading.

Clayton Farnworth.

Australian Dollar intra day?

Good morning Dynamic Traders,

Today I thought I would show a possible trade for the intraday people who read the blog.

The chart below is of the AUDUSD on the 60 minute timeframe, and currently is at former resistance whilst being in a consolidation.

This area is also at a fibonacci cluster level from its previous uptrend and current downward movement, and I am being aggressive here for the long entry.

It may be a possible end of wave 4 area on this timeframe with also a tagging of its V.I.

The shorter term trend is up and the image below does have several good confluences for you to find whilst doing your own analysis.

Charts courtesy of AdvancedGet.

Enjoy your trading and remember your goals.

Clayton Farnworth.

Re Analysing the Aussie

Good evening Dynamic Traders,

First off, may I welcome Zaheer and say I hope you have a great a time with the blog updates as the other bloggers and I do, but above all enjoy yourself with it.
Also may I congratulate Saba on reaching her milestone and may she soon go on to reach her next goal.

Tonight I am going to try to re-evaluate the Aussie as if anyone did their own analysis on this pair from Thursdays blog and decided to take the trade, you would have had the possibility of a couple of hundred plus pips from taking a smaller timeframe trade so well done to you.
However if you are still in the trade tighten up your SL, as we are in a position for at least a bounce up if not a reversal and to this end I would like you to take a look at the 4 hour chart below.

As you can see, the Stochastic indicator is in an O/S territory whilst we are in proximity to the figure. However I do think that we may have a little further South to go before we get the upward climb of some degree.

As we are in a downtrend on this pair, this is a contra trend trade I am looking for, and therefore entry is very important, and so whilst analysing this for yourselves as to whether you want to take the trade work out in advance your possible entry, your stop and your risk as to whether it is within your trading plan parameters.

Charts courtesy of TradeStation.

As always enjoy your trading.

Clayton Farnworth.

Reviewing the Aussie.

Good evening Dynamic Traders,

Tonight I am going to review the Aussie from last nights post as a shorting opportunity did not arise but instead we got a push up through the Australian Dollar positive news.

However as I write this the last completed candle on the 4 hour timeframe chart below looks to be a triple top that missed the V.I. by 3 pips. Nothing much has altered from last evenings blog in regard to the set up forming but is in a much stronger position for an aggressive trade South as more confluences are coming together. In fact as I write I am going to enter this trade off my 15 minute timeframe now.
Price action today has revisited the breather level again which did offer resistance once again.

More confluences are in evidence now so I will leave you to find them for yourselves whilst doing your own analysis. A good result from last nights analysis is that we waited till after the news of last night as it was not in as good a position but as mentioned earlier in this write up things are better and so I am now in the trade.

My next update will be on Monday evening so I hope you all have a fantastic Fridays trading and a great weekend.

Charts courtesy of TradeStation.

Good luck.

Clayton Farnworth.

The Aussie.

Good evening Dynamic Traders,

The Australian Dollar at the moment is in a downtrend as it has been heading South since July 08. After it massive move down we are now in a consolidation and at present it stands at the lower breather level with a sort of a bearish flag.

If we now go down to the 4 hour timeframe below, the recent price action from February 14th looks corrective and so I am looking for a possible shorting opportunity to develop. It has nearly tagged its V.I. on this timeframe today, and has got divergence on RSI, although it is still above 50. I shall wait to see what develops with this as high impact news is out regarding this pair throughout tomorrow but will be ready for a move should my confirmations come together.

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

Charts courtesy of TradeStation.

Enjoy tomorrow's trading.

Clayton Farnworth.

Down under with the Aussie Again.

Good evening Dynamic Traders,

Tonights currency pair is the AUDUSD.

On the daily timeframe chart below, we can see that price action has taken it to the trendline, and I am therefore keeping it in my watchlist for possibly swing trading this, off this timescale, but bearing in mind that we have had downward movement since july last year, and so will engage my filters taught by 'The Dynamic Trader' courses, if I am to enter long on this. More than once over the last couple of months, fib. reversals have been hit and so this is why I am keeping a close eye on it for a possible long entry in the future, but I will treat it very cautiously as we are still in a downtrend at present, thus enforcing the use of our ESLT if promted.

If we now go down to the 4 hour timeframe chart below, we can see we are at a former resistance with the last candle which is also a doji albeit small, together with the figure, and also a breather level for the downtrend and thrown in the mix is an OB Stochastic which has not crossed down yet. Depending on your stance, a good short opportunity is in the frame here.

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














Charts courtesy of TradeStation,

Good luck for the week ahead,

Clayton Farnworth.

Aussie Dollar.

Good Evening Dynamic Traders,

Tonights chart that I have in my watchlist, is the AUDUSD.
Todays price action has at present given a small doji candle, although the day is not finished yet, which is also in the fibonacci reversal area, resting on the trendline and has an OS Stochastic, but also the long term trend is down so beware. We are however, getting short term convergence on this timeframe on the MACD, so I will be keeping a close eye on this pair to trade off my lower timeframe chart, the 4 hour, as shown below, using an intermediate stance.

If we take a look at this timeframe, we can see we have a longer term convergence on the MACD, and the signal lines are looking like they may soon cross upwards, but in AdvancedGet we do have a false bar on the Get Stochastic although we are sitting around a previous support area but be sure to wait for confirmation here before employing your ESLT, as we do have three lots of high impact news out in the early hours of tomorrow morning.

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

Charts courtesy of TradeStation.

Hoping you all have success.

Clayton Farnworth.

Back down Under

Good Evening Dynamic Traders,

May I congratulate Saba, on the sister blog, with her move to a full Trading career, I would like to wish her every success with her chosen route, and sincerely hope that she finds financial freedom in the very near future. Go Girl ! ! !

Apologies to readers of the blog for not posting yesterday evening, but was again travelling back up north after having a mentoring class with Javid, and was too late to start analysis with an early morning looming.

Tonight I thought I would bring your attention to yet another possible bearish flag which could lead to a continuation of the downtrend. At present confluences are building, and could lead to a move shortly. The daily has got a nice doji forming, although as always when I am updating, the candle is not complete.

The 4 hourly has hit a fib. breather and cluster level, although the higher breather is clustered too, and both are in proximity to RN's.

I shall let you do your own analysis on this pair as normal, but please note that the RSI is below fifty, and that todays candle has hit a former S and R zone, however please be aware that we are at a RN at the moment, so your ESLT could be used for a break above the zone if we go that way or of the trendline on the lower timeframes for a break south, either way work it into your entry plan.

Charts courtesy of TradeStation.

Good luck for your trading week ahead,

Clayton Farnworth.

Austalian Dollar

Good evening Dynamic Forex Traders,

The currency for the watchlist tonight is the Australian Dollar.

The daily chart below is at a former support level which is also a fibonacci cluster area and please notice the Stochastic hooking down from the OB area, although in AdvancedGet it is showing a false bar on the Get Stochastic indicating a possible trend, but also note that the extreme candle is not the doji, and be aware of the RN below.

Also , please be aware of the possible flag on the monthly timeframe.

The 4 hour timeframe below , has also hit the MOB in AdvancedGet, and is giving more confluences including the divergence on the RSI.

However , if this does decide to break resistance your ever faithful ESLT on the BOB can be applied.

As always , please do your own analysis , and do not chase the trade , but only enter when signalled in accordance with your mentoring , and if you do get entered , as with any position , manage it well .

Charts courtesy of TradeStation .

Good luck with your trading.

Clayton Farnworth .