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Sunday, 4 April 2010

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.

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Tuesday, 16 March 2010

The Swiss Franc.

Good evening all,

Tonights chart of the CHF, I last mentioned on the 20th of January, for a possible long and did in fact continue up for some 500 pips or so of which I hope you managed to get some.

However since about the 19th of February this pair has declined and is now possible coming back to test the V.I. clustering with a breather level, former S and R and a strong RN, before possibly resumming the northward climb.

An added confluence is the GetStochastic which is currently in OS territory with false bars to the upside.

All in all confluences are favouring the upward movement but remember to plan your entry,as the downward fall may go a little further toward the V.I. as mentioned and even continue south.

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


















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

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Friday, 12 March 2010

Crash Crash Bang

Good Evening / Morning Dynamic Traders

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

Cross = DKK & CHF : Day chart below.

Good Morning Guys,

Well we have reached Friday again and volatility will die down in late afternoon GMT until Monday morning.

What a week we have had and I am sure that both you and I have experienced the whole extremes of the market in your trading this week. Monday, Tuesday and Wednesday shovelled pips into our baskets, Thursday and Friday took them back out.

Remember the "Herd Psychology" - Fear overcomes rational thinking !

With our style of trading we try to remove this fear by way of pre calculating both your stops and limits, we do this with certain tools of the trading room and using a confluence of events. Even then "The Market" will always be right and the mind will be tested. Read the book "Trading In The Zone" by Mark Douglas to reprogramme your mental attitude. You will find its details to the right of this post.

With the markets large movement this morning I have been stopped out with a loss on both DKK & CHF. Both trades never really got going after entry, they remained in their consolidation phase and then pulled back. This is one of the drawbacks of being too aggressive in your trading, which has been my style, trying to get in early.











Some Will, Some Won't, So What, What trade is next ?

I had an alert to trade Short the SEK this morning, however price is between the VI and a Major RN below (7.0000) so being aggressive is better to stand aside. Have a good weekend.

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
TwitterCounter for @j9jdm





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Wednesday, 20 January 2010

Recap and the Swissy.

Good evening all,

Hope you are having a good week, and I thought I would give a quick recap first on the Euro and Aussie trades mentioned recently which are doing quite well and need management if you are in these trades whilst the Yen is still toying with the flag scenario mentioned Sunday although it is still looking for the short.

Tonights chart is of the CHF, for a possible longer term trade as the higher timeframes are showing 123 bottom characteristics, but as can be seen the daily has been trending down for a while, but has also reached a fibonacci reversal area late November,and has since been moving up.

There is convergence on the daily but price has also reacted to this and so await the DT , V.I. and figure cluster to be broke convincingly before an entry here as this could be a longer term trade should the correct entry be followed, with the due confluences.

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
















Charts courtesy of AdvancedGet.

Good luck.
Clayton Farnworth.

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Monday, 16 November 2009

The Swiss Franc.

Good evening Dynamic Traders,

Tonights chart of the CHF, is currently standing at the former support level again after bouncing up as mentioned on the 20th October.

Once again price is testing the strong figure and former support level and nothing has changed since last reporting apart from the pips up as mentioned.

The trend is still down as can be seen with the V.I. and so may have just been having a breather rather than a change of direction so as to try and break this support.There is still a good fibonacci reversal area just south though and this could be validated with the convergence going on both longer and shorter term with the MACD indicator.

This is a cautious time with the figure being of such strong psychological support and this is being confirmed with the DB pattern of late and possible 123 on the lower timeframe chart.

Remember patience is a virtue and so await direction to use ESLT.

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















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

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Wednesday, 28 October 2009

The Swiss Franc intra day.

Good evening Dynamic Traders,

Tonight I am going to give a quick intraday posy of the CHF on the hourly chart.

All trends are up here on this pair, but for intraday trading the figure above is clustering with a near by fibonacci extension and the AdvancedGet EW projection of a W5 and has got the MOB in the vacinity too.

There is also divergence with the MACD indicator, which when put together adds up to a possible pullback/reversal on the cards, and therefore if in this trade would suggest the tightening of stops.

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
















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

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Tuesday, 20 October 2009

The Swiss Franc.

Good evening Dynamic Traders,

Once again I am having trouble uploading the image for tonight so will have to try to explain.

Firstly however I would like to give a brief note on last nights post which you can check with your own charts. This was a very good example of how using your filters can keep you out of trouble, as I was looking for a short , placed my order after using ESLT but was not triggered due to price not coming lower than my blog posting and then shooting up about 300 pips.

Tonights chart was to be on the weekly timeframe of the CHF, and is one for your watchlist so you can monitor it.

This has been in substantial downtrend since late 2000, and this should be your friend, but every trend does come to an end and this may be near for the Swissy.

I am not trying to predict but confluences are building to put the odds in my favour which where shown on the image to be uploaded. They consisted of longer and shorter term divergences ( and accross multiple t/f 's, a possible 123 DB in progress ( to be confirmed ) but fibonacci reversal areas in sight and clustering with extensions, this is also in proximity to a very good R/S level and strong figure '0000' .

Keep a eye on this using your lower t/f 's and trade in accordance with your T.P. should the triggers occur.

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

Good luck.

Clayton Farnworth.

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Tuesday, 4 August 2009

The Swiss Franc.

Good morning Dynamic Traders,

Todays chart is of the CHF, and I am looking at this for a possible continuation down although it does sit at a former support level with a figure resistance which could cause some profit taking resulting in a bounce.

However should this break, another support level can be seen on the chart also at a figure but which also has a fibonacci extension near by.

Should the above happen use your confluences to enter when you have your trigger which could possibly come from other timeframes where a clearer picture maybe seen, in the form of a possible bearish flag.

The possible downward movement does tie in with the AdvancedGet EW count but as mentioned be sure to get the planned entry from your 'Dynamic Trader' filters.

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
















Charts courtesy of AdvancedGet.

Have fun.

Clayton farnworth.

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Tuesday, 7 July 2009

The Swiss Franc intra day.

Good morning Dynamic Traders,

This morning I am looking at the CHF on a four hour timeframe.

This pair on this timeframe has been consolidating lately and has recently pulled back to a breather level and is now attempting to break the V.I. and figure area.

The Stochastic sub chart indicator is supporting such a move at present in this consolidation zone but wait for confirmation of the break before applying your filters and be aware of the previous S/R zones, also see what type of candle develops here for further confirmation to support a possible upside move.

As always please ensure to do your own analysis before taking any trades and gather your supporting indications as taught by 'The Dynamic Trader' courses and webinars.

Please take into account that the daily short term trend is down and therefore this would be going against the trend and so extra care is needed to get the correct entry point.

However should this decide to go down from here the opposite would apply and a break down of former R/S would tie in with the daily trend, leading to your confluences building to the short side.
















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

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Friday, 9 January 2009

Swiss Secrets

Good Morning Dynamic Traders

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

Cross = CHF : Daily Chart (Posted Below)

Long Term Trend = Up : Short Term Trend = Down

As we come to the end of an exciting first week of this years trading, I want to summarise where we are or going with the CHF before we leave this cross.

I do suggest you keep the CHF on your watch list and be patient whilst we await the right set up for entry of your trade.

With the longer trend going up, we had a double top between 21 Nov and 5 Dec before falling away to support of a RN and then bouncing to a Fib retracement level .500, retail index and further RN.

In the shorter term with stochastics turning down from the OB area, weakness could take us towards testing the previous support and RN in what could be called a triple bottom.

Those who have had the mentoring sessions and webinars will recognise an oppertunity for a Fib123786886 which will require patientce for set up.

For those with an artistic eye, shorter term gains could be had with the candlestick pattern of the letter M which also takes price down towards suport.

As always do your own analysis before entering the trade and ALWAYS use a "Stop Loss"

Ask yourself before entering the trade "How much am I prepared to lose on this trade, and not how much am i going to win"

Is your decision the same ?

Have a great week end, C'mon United

















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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Wednesday, 7 January 2009

Short Change Swiss

Good Morning Dynamic Traders

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

Cross = CHF Daily Chart (Posted Below)

Long Term Trend = Up Short Term Trend = Down

Having taken 90 pips on Tuesday and mentioned that if we clear the area of "Resistance", "RN" and "Value Index" then we have clear sky above, we were pulled right back to this area of congestion yesterday (Wednesday)

Stochastic s are showing in the OB area and we could see further weakness back to a 123886 before going with the long term trend and retesting the area of congestion for a 3rd time.

MACD continues to show a continuation of the upward movement on both histogram and lines, and the early candle of today as I write is bullish.

If we retest the resistance area then a BOB with ESLT like Tuesday is advised.

Those readers whom have attended the webinars, will be aware of the techniques taught and entry positions suited to the situation. Ensure you carry out your own analysis before entering a trade.

Be aware of MAJOR news items















Courtesy of Advanced Get / E Signal


Thank you for your feedback

Trade with Passion

John Maher
Forex Analyst

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Swiss Pips
















Courtesy of Advanced Get / E Signal


Do you prefer the video blog or the written word ??
Let me know

Trade with Passion

John Maher
Forex Analyst

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Tuesday, 6 January 2009

Swiss Treats

Happy New Year Dynamic Traders

Apologies for no video, I had some technical problems last night, so have reverted to the written word. I hope you all had a great festive break with your families and took Javid's advice to stay OUT of the market until yesterday.

You will have seen major moves at 0800hrs GMT yesterday as traders returned to work in the city and this week we have some major news items, with the BOE deciding the interest rate on Thursday. Indications are a further reduction of possibly another 1%.

As always ensure you have printed your weekly news items and pin on the board next to your computer.

I have chosen the CHF as our 1st chart of the year, as I was looking through my basket during the break and was hit with "Convergence" staring me in the face. I then noticed a number of "Confluences" which I have listed on the chart.

Can you spot these on the chart ?

There has been a number of opportunities to enter this trade which coincide with the "Confluences" and if you are one of the webinar attendees you will easily spot your entry points.

The day chart is still showing strength in the upward move and if we move through the current "Resistance" we have clear sky above.

This cross has given near 700 pips in the last 5 trading days.

As always do your own analysis before entering a trade.















Courtesy of Advanced Get / E Signal


Trade with Passion

John Maher
Forex Analyst

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Friday, 28 November 2008

Hi de hi !



Courtesy Advanced Get









Cautious Trading

John Maher

Forex Analyst

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