Eur choice ?

Good Evening / Morning Dynamic Traders

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

Cross = EURUSD : Day chart below.

Hi everyone and welcome to another action packed week in the markets. We have a bank holiday in the USA today and also Chinese New Year this week so there might be as much liquidity as we normaly see.

Picking up where we last left off was with the EUR and there has been plenty of talk over the last week or so regards its strength. The troubles in Greece with the economy and who is to bail them out have added to this crosses weakness and I would say it is the EUR that is the weaker rather than the USD becoming stronger.

Some of you who have followed my blog should be in the Short EUR trade and those that read the blog and liked what they saw have had a couple of opportunities to join in the pips. Please refer to the EUR Day chart below.












Once we established crossing below the VI then it was waiting a chance to enter the trade which you will see happened on 3 occassions. I have plotted a Trading Channel ontop of the price and price has moved neatly within this channel. You will notice resistance below price both in the form of the support line of the trading channel and the RN. The cross is still trading down as I write this blogg and you will notice strength in the move from the black line on the bottom of the stochastics.

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
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A,B,C, 1, 2, 3 Simple ?

Good Evening / Morning Dynamic Traders

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

Cross = EURUSD : Day chart below.

Hello everyone, I hope you all had a great week in the markets, it was not the best week as far as trend trading goes but not getting stopped out has its advantages, in the long run. Those of you that read and digested Tuesday's blog, I want to share with you a text book repeat of what we discussed in length. It happened on Wednesday on the DAY chart of the EUR.

I have been watching the EUR since the beginning of January due to what I read in the "Commodity Trader's Almanac 2010" Seasonal traders will know that the EUR usually heads down during the month of January, providing shorting opportunities until early mid February.

As you know the market is always right and it looked as if this common trend had happened in December, some 30 days earlier. Added to this that price was now finding comfort with the support of the VI. Early signals were that a bounce up looked the more likely, and the shorting trade was not an option, leaving the trade not at the top of my watchlist.

On the 19th January we had a BOB on the VI, remembering Tuesdays blog and not getting too anxious to place the trade, the trap was set for that 1,2,3 movement. Price did provide a big movement down the next day, when a smaller bar would have been preferred, however patience was needed not to pull the trigger and wait.

The 22nd and 23rd provided us with upward movement back towards the VI and on the 26th price moved DOWN towards the trap. We had confirmation on the MACD and BINGO the movement on the 27th triggered the trap and the trade was entered.

It has currently given us 150 pips of profit. CHING CHING














On Thursday night we had Jordan Belfort the "Wolf of Wall Street" in Birmingham UK, giving a 2hour talk. It was an interesting 2 hours listening to the mans story, I will tell you more next week.

Please remember to do your own analysis before entering any trade.

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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http://www.fxcps.co.uk/blog
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No trade to open re Euro.

Good evening Forex Traders,

Although a good down day up to now has occurred on the Euro Dollar I am not going to put an order into the market as my elusive confluence is still evading me on this pair for my T.P., but even if it had happened I would refrain from opening a new position due to NFP tomorrow.

So apologies for not having picked an exciting currency pair to look at this week but hopefully it gave an insight into my thought process, and did highlight that things do not always happen when we want them too and that the market does what it wants to when it wants to in its own time, but hopefully tomorrow or next week will see direction.

Enjoy your weekend.

Clayton Farnworth.

Patience is a Virtue.

Good evening all,

Having difficulties again so just a quick update.

Price action has again not offered any good conviction and therefore there has not been any good direction, but as NFP is out at the end of the week this could be the catalyst needed and we shall possible have to await this, hence todays title.

Price has broke both trendlines shown but is just hanging around the V.I.

However the GBPAUD mentioned last night has given a nice move down and another chart to look at tonight is the Loonie as this is in a downtrend but at present is showing signs of a possible 123 and so for the continuation trade south the best way to trade (i.e. safest ) would be to wait for a break of the mid October low.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Not much change on the Euro.

Hello all,

Well after saying I was favouring a short trade on Sunday for this weeks chosen currency of the Euro price proceeded to jump up on Monday.

However as things stand at present I am still favouring the short and the short term trend is still down and the FB is still showing at the bottom of GetStochastics and at the time of writing this draft todays candle is showing a doji formation although on looking at it now whilst trying to access the blogger it has come down further, and a possible flag pattern is possibly forming.

As said Sunday I am still waiting for another confluence to verify me placing an order in the market by ESLT.

The Euro is currently still in a non trading position therefore for me and so I will not take any trade until it is verified.

Possible further upside movement could happen first with the Get Elliot Wave count showing at the moment.

Also please take a look at the GBPAUD for a short but bear in mind the low of October which should be broke appropriately in accordance with your teachings.

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

Have fun,

Clayton Farnworth.

Happy New Decade and the Euro.

Good afternoon Dynamic Traders,

May I take this opportunity to wish our mentors, bloggers and readers all best for this new trading week, of a new trading year, of a new trading decade, and to hope it is a very prosperous one and positive one for us all.

As stated in a recent post, this year I am going to change the posts a little sometimes by following one currency through a week but then also revert back to the standard proceedure and post about different ones through the week.

To start off, I am looking at the EUR which at present is in a short trade mentioned from the 13th December which has not been closed out despite its recent pullback. However at present is not in a position to enter due to its consolidation phase.

Price is currently hanging around the V.I. and the shorter term trend is down whilst the medium and longer term trends are still up, but price has broken the trendline of the upmove from March of this year and so with this and price having closed below the V.I. and after retesting the former resistance and other confluences including the Get Stochastics and RSI I am looking to short this at present should I get one more reason to add to my already growing events,until confluences change to indicate otherwise and am looking for an appropriate entry with ESLT. However as the week goes on my opinion can change in accordance with the markets and so I am now in the waiting / patient period of trading which everyone has to endure.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Managing the Euro.

Good morning Dynamic Traders,

Whilst waiting for the BT engineer I thought I would try to get a quick update done internet allowing.

I mentioned the Euro for a short about a week ago which infact has dropped over 300 pips since doing so therefore well done to those of you who did your own analysis and took this trade.

However i do want to emphasise the importance of managing your trades as this pair are now at a former R/S area together with the V.I. and a candle formation from Friday.

I am not saying it is about to shoot northwards again athough this could happen but am saying that if you are in the short trade don't give all your hard earned profit back and thus lock in what you are happy with in conjunction with your TP rules.

At present the RSI is showing OS and the Stochastics too but this has also got a FB.

As always please ensure that you do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro US Dollar.

Good afternoon Dynamic Traders,

Firstly may I apologise for not posting last week but I have had a nightmare with broadband again and have not had much help from either my ISP or BT but had a very good local IT person take a look at it yesterday and has now got both ISP and BT listening as the line is receiving then not etc and so hopefully an engineer will be out early week, but in the meantime I am up and running although very slowly ( last speed check 0.3 Mbps ) but will try to keep posting.

I shall only try to give quick updates until this is rectified due to obvious reasons but please bear with me until the problem is hoefully sorted.

The EUR is showing a sell sign from one of our ways of trading after not being able to break away from the pyscological figure area of 1.5000 but this signal is contradicting the trend which is up and also Javid's view of the Dollar weakening, and so a discretionary call is needed.

A trendline break has occurred and a pullback is now occurring but to what degree we dont know. However former resistance now turned support clustering with the V.I. is close below and if met could provide stability before a possible continuation.

As mentioned the trend is still up with a good fibonacci cluster northward and so await a well determined entry from tying in your confluences but remember price may well be determined to test the V.I. before any continuation occurs if at all, also a bearish flag pattern looks as if it is occurring on the lower timeframe charts.

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

Charts courtesy of AdvancedGet.

Looking forward to a new week.

Clayton Farnworth.

The Euro.

Good evening Dynamic Traders,

Last Wednesday I posted about the EUR for a possible long but did not get entered using ESLT as price fell heavily the following day.

Todays price action is again trying to move up and may well leave this pair in the parameters of DD.

This could be worth looking at for a possible long trade should the correct signals occur but do be aware that MACD is showing divergences across different timeframes and a fibonacci cluster does lie north with strong figures on the way.

The MOB is also above and GetStochastics does have the false bars to the upside and one is just forming now too.

You should know the correct entry situation if this move occurs and good management is imperative.

As always please ensure to do your own analysis.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro.

Good evening Dynamic Traders,

Sorry for tonights post being delayed but have been trying to get on to the blogger page for over an hour and half but could not access it.

Today has certainly shown some promising moves on the markets and one of them is of the EUR which could possibly have moved into a position for a continuation, as it has now broke its recent consolidation high which has also surpassed the strong '000' figure area.

However trade this appropriately with your correct filters as the MACD indicator is showing divergence across different timeframes indicating a possible pullback could be due.

A fibonacci reversal area is due north which is clustering with an extension which could be the resistance to cause the pulback.GetStochastics is also showing false bars to the upside as expected.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro Dollar.

Good evening Dynamic Traders,

Tonights chart is of the EUR on the daily timeframe.

Price is currently standing at a former R/S zone after trending up since early March , and has today at the time of writing formed a doji candle showing indecision here, and stands at the upper trendline of the channel and in close proximity to the very strong figure, although it has false bars to the upside of the AdvancedGet Stochastic indicator.

As all trends are up, trades should be taken in this direction when the appropriate signals are given , but as it stands at the moment caution is warranted to the upside because of the afore mentioned confluences and should you wish to trade against the trend make sure you get your trigger points to confirm that direction.

However if you are already in this trade then make sure you are managing it closely as a reversal/pullback is very possible, as price is also standing at the upper end of a fibonacci cluster which again is a reason for the possible retacement.

Be patient as usual and only trade when the signals are given, as to whether a continuation will happen or whether it has run out of steam, but at the least a downward movement of some degree looks imminent, although the figure could be reached first.

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















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro Dollar.

Good afternoon Dynamic Traders,

I hope you all had an enjoyable extended weekend and are re-charged for more trading.

Todays chart of the EUR on the daily timeframe has not done much since I mentioned it about a week ago as expected, however, with news out this week direction could be given here.

This pair does look like it is running out of steam which is qualified by AdvancedGet XTL, and could well do at least a pullback in the near future, as it is coming up to a wide resistance area from where it stands at present right up to the 1.5000 figure area.

Also there is both longer and shorter term divergences occurring with the MACD indicator.

No trade is on offer as yet on this timeframe,but keep an eye on it for possible movement soon.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro US Dollar.

Good morning Dynamic Traders,

Todays chart is of the EUR on the daily timeframe.

It is currently very undecided at the moment, and as it stands is showing signs of a possible 123 top, from its move up starting early March, but as can be seen price has been consolidating from early June after the big move.

Although it is not the ideal 123 set-up, AdvancedGet is showing a possible wave 5 in progress with price action having touched the MOB, which is now causing a squeeze with the trendline.

There are conflicting confluences here and so I am not looking to be aggressive in my stance, but shall wait for a clearer picture of a break either way and make my decision then, as the longer and shorter term trends are up and possible strength may be coming into this pair.

As always please ensure to do your own analysis regarding any trading decision you make.

Charts courtesy of AdvancedGet.

Have fun.

Clayton Farnworth.

The Euro Dollar,possile 123/DT?

Good morning Dynamic Traders,

Yesterdays trade on the JPY never materialised for me although I was being slightly aggressive using ESLT, as it produced a doji candle for the day and today has risen about 75 points at the time of writing this.

However the trend is still down and so I shall keep an eye on this should confluences come about again for the trade.

Todays chart is of the EURUSD, and is also looking like a possible short trade is developing in accordance with the 123/DT formation.

As can be seen from the chart below there is divergence and a fibonacci reversal figure is at hand.

Watch out for your trigger, possibly coming from a lower timeframe and enter accordingly.

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

Charts courtesy of AdvancedGet.

Have fun trading.

Clayton Farnworth.

The Euro Dollar.

Good morning Dynamic Traders,

Todays blog well worth a look at is the EURUSD on the sixty minute timeframe which could turn out to be a good shorting opportunity.

As can be seen from the image below, it is currently tagging the AdvancedGet MOB which as you all know has two outcomes as suggested by its name,
However to add a few confluences for you I have noted a very strong figure on the horizon which could or could not be hit very soon.

There is also the shorter term divergence and together with an AdvancedGet Elliott Wave count of wave 5 in progress.
These are just some of the indicadtions that are present but before taking any trade ensure you trading plan rules are met.

As always please do your own analysis before taking any trade, and give it room to breath as this was a common failing of mine and sometimes still is.

Charts courtesy of AdvancedGet.

Good luck and have a great weekend.

Clayton Farnworth.

Pip EUR Trade !

Good Evening / Morning Dynamic Traders

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

Cross = EUR : DAY Chart (Posted Below)

Another day filled with financial news filled the markets today in UK & Europe. Interest rates down and commitment to print "Lot's of" new currency. Tomorrow brings news from the other side of the pond with Non Farm Payroll (NFP). A good time to take 2 days off because of the market's habit to do strange things.

Our cross that we followed this week retraced back everything that went up yesterday.

We have 142 pips below us before we see a double bottom or break through, and I will not need to remind those "Dynamic Traders" what methods are needed to employ in these situations.

MACD remains flat, both histogram and signal line, possible short term "convergence".

Stochastic s OS with false reading indicated, however showing short term "convergence" as too does RSI.

Is the convergence going to swing price upwards ?
Will price continue to fall towards support and give a double bottom before changing direction ?

Have a a safe day in the markets those that venture in and I will speak to you all again on Sunday night.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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

EUR not sure ?

Good Evening / Morning Dynamic Traders

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

Cross = EUR : DAY Chart (Posted Below)

I have just returned from London a short while ago and have not had much chance to follow the markets today. I see our cross has produced a GREEN candle today after initially trading down.

This has taken the price back to a Fib breather level, which maybe the need before retesting the support of October 08. Early trading on today's candle are Bearish.

We have key news out tomorrow with the UK interest decision and on Friday NFP for the USD. Both these news items could effect our price in the trade. Please manage your trades closely.

MACD histogram and signal line are looking very flat at present, indicating a period of consolidation likely.

Please do your own analysis before trading.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
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What's EUR Rush ?

Good Evening / Morning Dynamic Traders

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

Cross = EUR : DAY Chart (Posted Below)

Strange day today in the markets having had a good day on Monday, Our Euro cross went up 121 pips from opening, however closed 16 pips down on the day. So the "Bears" won the war after losing the battle.

This could lead us back to the demise of price to test the key support / Double Bottom as previously explained on Monday's blog.

RSI remains under 50 pointing down with potential convergence, MACD also shows possible convergence. These can not be confirmed yet due to the new lower low NOT yet established or confirmed.

Stochastic s show OS, but on Advanced Get the false reading bar is present.

Patience is the virtue !

We have key news on USD after lunch, so tighten your stops if in the trade.

Please do your own analysis before entering the trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst


Check out our other blogs

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EUR glad you read this

Good Evening / Morning Dynamic Traders

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

Cross = EUR : DAY Chart (Posted Below)

Hello traders, before we start I would like to welcome Zaheer as the latest person to join the group of us updating the blogs. Zaheer will be doing his updates from www.http://www.fxcps.eu

Those following the blog today would have had the chance of over 100 pips of profit. I have taken the day chart and placed a trend channel of which price has remained inside these guides.

I have also drawn the support of a previous low, which would be our short term goal, and would give us a target and double bottom if correct.

I have confirmed this by placing the MOB on the chart from the low of wave 3. The MOB is sitting just above the support line adding a confluence to the previous point.

The other key issue is we are currently going WITH the trend, and we should be looking to record the next lower low.

Lets see where tomorrow takes us.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Check out our other blogs

http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
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EUR sure ?

Good Evening / Morning Dynamic Traders

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

Cross = EUR : WKLY & DAY Chart (Posted Below)

Hi Dynamic Traders, What a great week end, Time to draw breath after last week, United won the Cup and a friend of mine who lost a foot in Afghanistan was given date to move for rehabilitation, bringing to an end over 3months lying in a hospital bed and countless operations. Sort of puts things in perspective.

Looking through the charts this evening, I have chosen the EUR to pursue this week. The weekly chart shows the cross being in a steady upwards trend with higher highs and higher lows up to 14 July 08. Since then we have been in a downtrend with a pullback to a fib breather level and now may look to test support again resulting in a double bottom. This would provide Dynamic Traders with a golden oppertunity to test there aquired entry techniques from the webinars to good use.















The Daily chart shows us a steady decent since we last met with the value index, with lower highs and lower lows. The potential double bottom is 200 pips below our current price.















Let us see what happens tomorrow ?

Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Check out our other blogs

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http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

EUR on EUR own !

Good Evening / Morning Dynamic Traders

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

Cross = EUR : Daily Chart (Posted Below)

Long Term Trend = UP : Short Term Trend = UP

Have we read the blogs on our sister sites ? Please save to favourites
http://www.fxcps.eu/
http://www.fxcps.com/blog/

It looks like we have run out of time this week to see our big move which is brewing up. Make sure you re read last nights blog on where this cross may be going. It needs to be on your watchlist after all the work you have put in over the week.

Yesterdays candle tested support after opening above our trendline, only to be beaten back by the bulls.

We are currently out side our trend lines, with RN, and resistance just above and support just below. We do have 100 pips between both areas, so no need to make a rash decision.

Patience is the answer for this trade, and use of the ESLT with a BOB is recommended in which ever way price goes. Remember the trend is generally in a upward motion, so more strength would be in that direction for momentum.

I leave you with the daily chart to reflect on over the past week, have a great Valentines weekend and those with partners, treat them special. It is good to have a companion on your journey through this world.

I will speak to you all on Sunday and those starting the webinars on Monday, look forward to 12 weeks of learning you will not get anywhere else. Make plenty of notes.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

EUR Choice

Good Evening / Morning Dynamic Traders

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

Cross = EUR : Weekly Chart (Posted Below)

Long Term Trend = UP : Short Term Trend = UP

Before I start, I would like to welcome on-board the blog team, Richard Monnery. Richard will be writing his bogs on our sister blog http://www.fxcps.eu/

With yesterdays candle just changing, we have been left with an almost doji right on the trendline. I was wanting to see a big move this week in one direction or the other, so that we could have learnt a lot from it's progress.

Remember Rule #1 The market is always correct.

Also "The trend is your friend"

With that in mind, i thought I would look further. You will see from above, I have stated both Long Term and Short the trend is up, so I went to the weekly chart to get a clearer overview.

You will observe the general trend up, has had a deep retracement before being pulled back up to a Fib breather level. Price has then returned downwards in a orderly manner to find existing support for the 4th time. This has also given us an ascending triangle with an expected move iniment.

More interesting is the candle formation of 3 parts of the letter W, noticable when you stand back from the chart. A break above our RN could be the start to the final part of the W. I have then drawn a parallel line from the support line to the neck of the W, to give some indication of where the move could go to.

We do have a number of fences in our way to reach this estimation, such as RN's, Value Index &
Resistance.

We do have Convergence on the MACD of late with the price and it is pointing UP.

RSI is below 50 and pointing upwards.

Stochastics are showing OS

So our indicators show to be favouring the Bull.

To pull the trigger we would go to a smaller time frame. Have fun !















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

EUR time is running out !

Good Morning Dynamic Traders

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

Cross = EUR : Day Chart (Posted Below)

Long Term Trend = UP : Short Term Trend = UP

Good evening / morning "Dynamic Traders", what sort of day have you had in the markets ?

In memory to Chelsea fans, I am writing my blog wearing my Russian "ushanka" hat, which i got from Moscow at the Champions League Final. It should "slip" me a few ideas !

Yesterdays candle has just finished and again is harboured up within our trend lines. The candle had a range of 267 pips, so I hope you all took some pips off the table. I hope by now reading the blogs you will have learnt that it is not all about taking 300 pips on every trade, but to be consistent and if possible take a regular amount from EVERY trade.

Today's candle has started outside the upper trend line, but is as I speak is returning to the other side of the fence where it has always found comfort since middle December. We have 3 days left before the end of the week and our trend lines, support and resistance are all squeezing price into a tight corner. I do hope we see a break out before week end to add to our excitement before we go onto review another cross.

MACD remains below the zero line and on top of the signal line, running at a horizontal.

Stochastics are pointing down, currently at 35. I would prefer to see them above 50 to give momentum to a upmove.

RSI is also pointing down, currently at 42.

We have the same support below and resistance above as previously stated and we would want to see again a BOB on either one to confirm the move. Dynamic Traders would use ESLT to enter the trade.

We have a key news item on the USD at 1330hrs so if in the trade at that time, tighten your stops and manage your trade.

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

P.S. Thank you for the kind comments we have been recieving through Javid, it makes it all worth while.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

EUR looking familiar !

Good Morning Dynamic Traders

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

Cross = EUR : Day Chart (Posted Below)

Long Term Trend = UP : Short Term Trend = UP

After last nights post, we saw the assent start from the doji at 0800hrs yesterday to a daily high giving 200 pips, before price retreated ALL the way back from where it wandered from, the comfort of the trend.

Notice the size of the candles at 2300hrs, 0000hrs and 0100hrs in comparison the others.

Please note the support line drawn from 27/10/ 08 has been touched on 5 occasions so far, and is likely to offer support to the price after its daily excursion.

Our indicators are showing:-

MACD is below the zero line fighting with the signal line.

Stochastics are below 50 pointing up.

RSI is below 50 pointing down.

I would be waiting a BOB of the support to go short using ESLT to enter the trade.

Price has returned to the safety of the trend channel, with the RN giving resistance above and the other trend line giving support below.

As the lines close in on the EUR, it will have to burst out in one direction before Friday, keep this cross on your watchlist.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

EUR in or out !

Good Morning Dynamic Traders

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

Cross = EUR : Day Chart (Posted Below)

Long Term Trend = UP : Short Term Trend = UP

Good evening/morning traders and I hope you had a great weekend away from the markets. I have had a browse through my basket today and wanted to find something to follow that should give us some interesting things to discus this forthcoming week. I came across the EUR which once again is at a key area. We followed the EUR a couple of weeks ago and again it is back to a Key support, resistance and RN of 1.3000.

Tonight I have posted the Daily chart for you to ponder.

We have the retail index above the current price, followed by the key RN as we look down the page.

I have drawn the support and resistance of the current trend of which price has yet to challenge and interestingly I have drawn a support from a previous low, which also has provided support to recent price movement.

We currently as I write, have price for the 1st time challenging to cross the trend resistance, however we are in very close proximity of the RN. This should test the strength of the move and see if it will give us a BOB.

If we do have a BOB, then our ESLT will protect us from a false reading.

Of late we have looked in detail to 3 of our indicators, MACD, Stochastic s and RSI, what do they say?, what do you see ?

MACD is below the zero line and has just crossed the signal line pointing up, we may have convergence showing from the doji on 14/01/09 to the current price supporting a move up.

Stochastic s have recently passed up through the 20 line and point up.

RSI is pointing up, put as yet has not crossed the 50 line.

At this point I would like to give a welcome to the new students about to start the next webinars in the next 10days or so. This will be the best investment you will have made to date, with many of last years students being a success in the markets and some now doing it full-time. Welcome aboard, when you have finished your course the blogs will make much more sense allowing you to prosper in the markets.
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Greed, Emotion & Fear

Good Morning Dynamic Traders

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

Cross = EUR : 240min Chart (Posted Below)

Long Term Trend = Down : Short Term Trend = Down

Greed, Emotion and Fear.

Have you experienced any of these whilst trading ? If you are like me and most other traders it will be ALL three, and sometimes at the same time. These are three things we have to learn to control and master in order to be a successful trader.

Greed. If I can get 30,50,100,200 pips then I can get more, just a little more, just this time !

Emotion. Why did it go up or down, I will get it back, I am angry now, I am invincible.

Fear. Can you pull the trigger ? Oh no it's going against me, I might lose again.

I am sure these are phrases you have all experienced, do you want the answer ?

DISCIPLINE, HAVE YOU GOT IT ?

We are at the end of our trading week and what a week, Those that have followed the blog should have picked up plenty of pips and well done to you all. Yesterday was our quite'st day as we finished with a doji candle on the RN which has played a vital part of the week.

Today the RN is your key to the door, with entry using ESLT on a BOB. RSI remains under 50 pointing down and stachastics lie between the 20/80. MACD is above the signal line, however below the zero line. Remember the trend is DOWN.

Please do your own analysis before entering a trade, check the NEWS and use a STOP.

Have a great weekend, and I will speak to you on Sunday night.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Party's Over

Good Morning Dynamic Traders

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

Cross = EUR : 240min Chart (Posted Below)

Long Term Trend = Down : Short Term Trend = Down

Our colleagues on the other side of the pond have been enjoying a long weekend, with Monday's Martin Luther King Day and yesterdays party into the early hours celebrating the new president Barrack Obama. Today they maybe struggling with a hangover, so beware in the markets and we have USD unemployment figures.

I did mention last night that it was predictable of the market to take back after it gave so much. I pointed to the RN we broke through as support becoming resistance and that is exactly what happened. As I write we are still malingering around the RN and depending on your time frame are indecisive as to which side of it we should be on.

As "Dynamic Traders" we stand back and look at the bigger picture to get a fuller idea of "Trend and Momentum". So tonight I want to look at the 4hr chart and find any confluences.

You will again see the trend lines I have drawn, with price movement remaining within and making a downwards trend. You will observe that even though the trend is down, we do have upward movement that lasts 2-4 days, but we are making lower lows.

RSI remains under 50 and is pointing down.

Stochastics are OS but giving false readings within Advanced Get.

EMA's remain nicely stacked and MACD turned up at 1600hrs yesterday.

As I write the current bar is 2.5 hrs in and currently showing a doji just below the RN and midway between the trend lines. The current bar and previous wicks high, have both touched a Fib retracement level and a return to the downtrend after a breather could be on the cards.

If we get a BOB above the RN, make sure you use ESLT for entry as a false reading could be likely and you would be going against the trend.

As always do your own analysis before entering a trade and place a stop.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Plenty for everyone.

Good Morning Dynamic Traders

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

Cross = EUR : Day & 60min Chart (Posted Below)

Long Term Trend = UP : Short Term Trend = Down

What a day !

A new President, another bank's shares collapsing and 214 pips available to cash in on from last nights blog. How did you do ?

I am sure most of you would have been tucked up in bed when the BOB appeared at 0400hrs in the morning.

After such BIG moves today in the market, do not be surprised if the market tries to take some back today.

Both the Day chart and the 60min chart are showing strong down trends, so let us not get involved in anything against the trend. On the day chart we can still see price between the two trend lines with perhaps support @ the lower line around 127500. If the market as said, takes some back we have resistance @ 13000

Stochastics are showing OB on both time frames with no false signals.

MACD has its line below zero on both time frames and on the 60min chart, the MACD line has crossed above the signal, indicating a possible change in the current trend.

Key news on the Euro tomorrow, beware !

Always do your own analysis before entering a trade and manage it once triggered.





























Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Into Euro -pe !

Good Morning Dynamic Traders

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

Cross = EUR : Monthly & Day Chart (Posted Below)

Long Term Trend = UP : Short Term Trend = Down

With the Tories bringing back the former Chancellor as part of the Shadow cabinet, Kenneth Clarke has opposing views on the Euro than the present Tory bench and in the mist of yesterdays financial debates, I thought it just to select the EUR as this weeks chart.

Before I start the analysis, I see Javid also has been adding another member to his back bench of FULL TIME traders. Welcome Saba and congratulations on your decision to join the bench, I am sure Javid is trying to get into Europe so lets look at what is happening.

The 1st chart is the Monthly, which if you look at the candles, there is a significant change in their size since August and alike to other topics, in Forex "Size Does Matter". The larger the bars the more chance of gathering some profits. Having got a feel for the trend and direction lets move to the Daily chart.















We can see that we have had a deep pull-back from the down trend towards the value index and have been heading down again since 18th December. You will also notice that price has kept within the trend lines drawn on the chart and at present is confronting a RN.

If we break through the RN we have some 650 pips before we find previous support.

MACD has crossed under the signal line and recently crossed the zero line, indicating bear rather than bull.

The 20EMA returning under the 60EMA would also confirm a down trend.

RSI is under 50 and pointing down.

There is a number of confluence of events to be patient and use the ESLT on a BOB of the RN if it happens. Use a smaller timeframe to identify entry more accurate.

As always do your own analysis before entering any trade and check for news items relevant to your cross.
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst