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

Follow our other blogs
http://www.fxcps.eu/blog
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog

Take a breather.

Good Evening / Morning Dynamic Traders

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

Cross = USDDKK : Day chart below.

Hello Guys, What a last couple of days we have had. Any one who has followed the blog on this site or our sister sites listed below, should have made a nice profit over the last 7 days.I do not want to pour water on the fire by saying all good things come to an end, however management of the trades is vitally important as nothing goes up, up, up or down, down, down. Today we have news on Greece's financial problems and on Friday NFP, so expect less volatility and more likely a pullback.

Back to the positive stuff, those following my blog will know we have taken profit and are now risk free on EURAUD, GBPCHF, EURCAD, EURUSD, USDJPY, AUDNZD & USDCAD. Trend trading rewards you over the longer term and these results show you the strategies employed by "Dynamic Trader" work in the current markets. If you are not yet a member of the "Trading Room" who review the week ahead on a Sunday evening, then details are below.

Not everything will turn to Gold immediate in "Trend Trading" and patience is needed when you see some of your trades in a negative state. You must stick to your trading plan and rules f you want to see a consistent results. Your stop loss will have been placed in a calculated manner and you must believe in your decisions.

Our worst performer as I write is the USDDKK, which is illustrated below.











This trade was taken in my usual aggressive nature and some if not many would have preferred to have waited until the Major RN had been cleared. I have employed my usual risk calculations prior to placing the trade and after seeing 3 Higher Highs and stochastics showing strength in the trend, had expected enough momentum to push through and beyond the RN. Since entry I have moved backwards and forwards, in and out of profits. Price has decided to consolidate , which is common after a large move.

Have I called it right ? or have I been too aggressive ?, only time will tell and the market is ALWAYS right.

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

The Danish Kroner

Good afternoon Dynamic Traders,

This weekends chart is of the DKK which is showing signs of possible changing direction soon albeit that this would be against the heavy downward trend.

I mentioned this chart about a month ago saying the best direction at that time was with the trend and price did indeed offer about a further 500 pips, but did also say that a good fibonacci reversal area lay nearby to the southward side, and after tagging this price proceeded to move up about 1000 pips only to come back down to a similar area at which I wrote about it last time which is in conjunction with the strong psychological '0000' figure area and now after a possible 123 DB formation.

Although the initial entry point has been missed on Nov 11 with the doji candle formation a planned entry can be worked out here with proper analysis.

With this 123 DB pattern formation, a squeeze is now in progress and so after doing your own analysis you can decide whether going agaist the trend is your preferred way due to building confluences for this or to wait and see if the direction of the trend is still favourable, and continues.

AdvancedGet is showing a W5 in progress still with its next projection at around the 4.4400 - ( a little too far off possibly or is the trend going to be your friend here ? )

Therefore there is a pattern formation versus trend scenario happening here and due to confluences I am favouring a move up and will trade should the correct entry come about but will also trade the downward move should that occur and although for more intraday trading the lower timeframe could be offering this opportunity soon which I am keeping an eye on.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Danish Krona.

Good evening Dynamic Traders,

Apologies for once again not being able to publish the image .

Tonight I wanted to show you the Danish Krona but will have to tell you figures.

The image I captured was at 4.9965 but could not get it to upload.

It is currently breaking down into a very strong R/S area from previous times which is at around 5.0225 to 4.9800 which as can be seen contains the very strong '0000' figure.

All trends are downand price is below the V.I. and recent false bars on GetStochastics are also at the bottom of the indicator, but we do not have one on this move so far ( therefore use caution ),
MACD is not telling us much here but do be aware of the fibonacci reversal figure just below clustering with the extension figure and in proximity to the afore mentioned R/S area.

As the trend is your friend the obvious way to trade is short but perhaps a good option would be to wait until the obstacles are overcome if you are not of an aggressive stance.

However should a reversal/retracement occur then remember to use your filters if you are wanting to go against the trend and the squeeze is broke to the upside.

Always ensure to do your own analysis.

Good luck.

Clayton Farnworth.