Harbour drills !

Good Evening / Morning Dynamic Traders

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

Cross = EURAUD, EURCAD , Day chart below.

Good Morning Guys,

After been hit by the Greek bailout reversal of the market, we described in the blog as a Tsunami, The UK has now been hit in the sky's with a volcanic ash cloud bringing the sky's to a standstill for 24 hours. At least the markets have not come to a stop and look as if they are returning to their trends.

I have had many messages from you of losing profits, moving stops, getting stopped out etc, REMEMBER "The market is always right"

I have managed to stay in all the 25 trades I was in this time last week, yes I lost a lot of profit Friday - Monday, however I did not get stopped out.

When the Tsunami hit my portfolio, my harbour wall around my positions was far enough out, it protected my boats. Yes there was a few wobbles, but calm was restored and lost profits were starting to be returned.

The two main trending crosses that have provided consistent profits are the EURAUD & EURCAD, I have posted both DAY charts below. Please observe the MAIN indicator - PRICE and its reaction to "Support & Resistance" and also the "RN" (which is a Support & Resistance).

If you look at the circle on both charts, was the signs there ahead of the "Greek" Tsunami. It seems that we had reversal candles ahead of the storm.












Where have you built your harbour walls, join the "Trading Room" on the links below and learn now. Do not wait until the next Tsunami.

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

The TREND is your friend.

Good Evening / Morning Dynamic Traders

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

Cross = EURAUD , EURCAD Day chart below.

Good Morning Guys,

With the Bank Holiday this week, we have had a short week, yet so much has happened. The BoE decided to leave interest rates the same in the UK, this decision was no surprise with an election now being called.

Those who regular follow the blog will be aware that we are "TREND" traders and I thought I would share with you my best trades this year, so far, now that the first quarter has finished. Finding a good trend is like finding GOLD, Gold comes in veins and when you find one it can be very rewarding.

The EURAUD & EURCAD are 2 crosses I have been in since the beginning of the year and as I write have returned me 2500+ pips and 2000+ pips accordingly. You will see from the charts below there is/was a confluence of events on both these charts which presented us with the opportunity to trade. Entry's, stops and limits were used as taught in our trading room of which you can find details on joining below.










Both crosses are in well defined down trends since the beginning of the year and have moved between their respective trading channels. Long may they continue.

As mentioned earlier in the week, I am off to Leatherhead to meet the other bloggers in the morning and will not be updating the blog till the weekend.

Have a good day's trading.

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

EURAUD

Good Evening / Morning Dynamic Traders

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

Cross = EURAUD : Day chart below.

Hi guys, yes I am back again on the same day trying to bring you up to date with what I have been trading of late when I was off line. We went through the EUR this morning and I did mention that due to holidays there would be not as much liquidity as we normally have. Its down move continued today, so tomorrow with the market back we will watch with interest.

Another trade that has produced me good profits since I entered on 09/02/10 has been the EURAUD. I have taken some profits on this trade and am now riskfree in the market. I have listed the confluence of events with regards this trade on the chart below and want you to read them throufgh and follow on the chart.

Remember if we look for "HIGH PROBABILITY" trades then we increase our chances of success. If you miss a bus, there will always be another one. Be patient and wait.












I know it looks a lot to take in, however these events happen over a period time. With experiance you will start to see them more clearly.

I have had some possitive feedback from Javid with regards our blogs on this site and our sister sites mentioned below. Please remember these blogs are a free service and the bloggers are not being paid to write, yet increase their knowledge of the FOREX by being accountable for their words. I do hope you find the blogs helpful and thank you for your support.

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

What's the rush ?

Good Evening / Morning Dynamic Traders

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

Cross = EURAUD, GBPAUD, GBPCAD, USDCAD :

Hello everyone and Happy New Year to you all, I had been awaiting the change to the "New" site before posting, but have decided to get cracking now.

I hope your New Year of trading has got off to as good a start as my own and this year I hope to share with you my trading gains and losses. I will not be explaining anything too complicated as we all are at different levels of our "Trading" education and you must have the final say as to whether or not you enter a trade.

Trading is not a race, which is the trap a lot of new traders fall into. It is a strategy that will reward you well, if you continue to learn and follow the rules. Those of you who follow our blog's will be aware of our pattern of trading and will be used to the type of language used.

Those of you who want to learn more of our precise strategies will need to contact and request the relevant information, places are usually very limited.

Sitting in front of a screen 6+ hours a day watching charts move and my emotions changing constantly and gaining 20 pips or losing 75 pips is not my idea of fun, so "Trend Trading" from DAY charts is my preferred way.

The 4 crosses at the top of the screen are 4 of my trades which currently are 17-1800 pips to the better. The USDCAD has been open since the 04/11/09. ALL are SHORT and I update 30 mins a day at 2300hrs. Would you be happy or able to handle those rewards at £10 per pip. I suggest you place "Trading in the Zone" by Mark Douglas on your reading list and start to understand the mechanics of the mind.

Over the next couple of posts we will look at why I entered those trades and see from the charts their progress.

Until then remember "The market is always right"

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 Euro Australian Dollar.

Good evening Dynamic Traders,

Tonight I wish to revisit the EURAUD which I posted a week ago.

As said then it was offering a short signal but I was being cautious.

Price action has come to the previous R/S area which is in proximity to the figure, and the RSI indicator is below 50 and heading down and not OS, and the Get Stochastic is showing false bars to the downside as expected as all trends are down.

AdvancedGet is showing a W5 projection just south of the RS which could indicate a possible pullback and also the MOB is at this level too although its timing has passed.

Wait ot use your filters should the continuation happen or if in this trade manage well should a pullback occur.

As always do your own analysis before taking any trade.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro Australian Dollar.

Good evening Dynamic Traders,

Tonights chart is of the EURAUD on the daily timeframe.

Todays price action is giving a short signal, but I am using a little caution here as it currently stands at a fibonacci cluster reversal area, together with a good '00' figure just south which is also in close proximity to a quite strong former R/S zone area.

There are also two kinds of convergences going on with the sub chart indicator over the longer and shorter term and varying timeframes.

I am going to wait a little longer on this pair for price to show its hand a little more but for the more risk adverse of you, you may wish to take the aggresive stance, as all trends are down and GetStochastics is showing the false bars to the downside.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro Australian Dollar.

Good morning Dynamic Traders,

Todays chart is for the watchlist on the daily timeframe, however possible shorting opportunities may arise on the lower timeframes for those so inclined.

The image below is of the EURAUD, and as can be seen it has been in a significant downtrend since the beginning of the year.

It is currently being supported by the figure area, but on closer inspection we can see that the MOB is just further south, and not surprisingly, due to the make up of this tool, it does tie in with a fibonacci cluster in close proximity indicating a possible revesal/retracement point.

Also there is a good former R/S zone around here too as can be seen on the chart, and another confluence is the two forms of convergence with the sub chart indicator.

Other confluences are available for you to find, but depending on your stance, as previously mentioned, possibly shorting opportunities may arise on the lower timeframes, or if the daily is your preference, then patience is the key to see if this area is reached and then to use your filters. If this area is not reached and a possible reversal comes early then wait for your signals to be able to apply your filters then.

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

Charts courtesy of AdvancedGet.

Please remember as mentioned last week there will be no analysis from me this Thurday and Friday.

Good luck.

Clayton Farnworth.

The Euro Australian Dollar.

Good morning Dynamic Traders,

Todays chart of the EURAUD on the daily timeframe could be showing possible weakness.

As can be seen from the image below the trend is down for all short, medium and long terms and price is currently trying to break former resistance, which has held recently.

From your tuition you should all know what this means, and assesment can be made at the end of the days trading as to whether this pair can be traded south using your tools and techniques.

Be aware of the figure just down from here as this too is a strong support zone clustering with former resistance, and also in the mix is a fibonacci cluster lying below here too.

Please ensure to do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro Australian Dollar.

Good morning Dynamic Traders,

I hope you all have had a good Easter break and are now fully recharged for the upcoming trading opportunities.
Today may well be lacking volatility due to the Bank Holiday period but you can now start planning for the week ahead.

I have currently got the EURAUD on my watchlist, for a possible swing trade coming.

Its short and medium term trends are down whilst the longer term is still up and price action has come out of its consolidation range but is in close proximity to the figure and a fibonacci cluster, and therefore could turn out to be false.

Todays candle is showing a hanging man formation, although it is far from over, and the sub chart indicator has got clear convergence.

For further downward movement use your ESLT, otherwise be patient and trade north should your confluences dictate together with your own T.P. rules.

Charts courtesy of AdvancedGet.

Always have fun with your trading and analysis.

Clayton Farnworth.

The Euro Australian Dollar.

Good evening Dynamic Traders,

Tonights chart on the four hour timeframe is of the EURAUD.

As can be seen from the chart below, this cross is in a consolidation, with the trend still up but at the moment we are fighting against previous resistance and trendline resistance,and at the figure and also a good spinning top candle for the last 4 hours bar, indicating a possible reversal could be upon us.
The consolidation is tightening but may not be ready to be breached as yet and so depending on your stance you know what to do.

As and when the breakout happens, either way, you could trade this with your ESLT, but if you want to go down to lower timeframes you could trade this intraday for smaller gains without having to exercise as much patience. At the moment Stochastics is hooking down and RSI is coming off OB levels.

As always please do your own analysis.

Charts courtesy of TradeStation.

Good luck.

Clayton Farnworth.
FX Technical Trader.

Euro against Aussie Dollar

Good evening Dynamic Traders,

On the EURAUD tonight, we have the daily trend still upbut range bound, and as you can see from the four hour chart below we have an even tighter range and the RSI is above fifty, so I am waiting for my break to use our trusty ESLT on the BOB, which could happen early next week due to the high impact news out on both the Euro and the Austalian dollar on Tuesday, however there is other high impact news out before this on the GBP which could also affect this pair so be on your guard and beware of false breakouts, so wait for your signalsa and as ever 'Trading equals Patience' so let the market tell you what it wants to do as it is always right.

Please ensure to do your own analysis for any trades and good luck with every one of them.

Charts courtesy of TradeStation.

Clayton Farnworth.

EURO AUSSIE

Hello Forex traders,

I hope you are all well after your festive break , and are now eager to put your trading skills to good use for 2009. I must apologise for not posting yesterday evening , but I was travelling home from having had a mentoring course from Javid and only arrived late due to the bad conditions on the motorways.

So , as now we can hopefully get back to normality with the markets our trading can once again start in earnest.

The first chart of 2009 I want to show is the EURAUD on the 4 hour timeframe which could be about to head upwards. As I am writing it stands at a previous support zone with a possible candle formation on this and differing timeframes , and there are also several other confluence of events for you Dynamic traders to find ranging right across your training curriculum not least divergence in the OS RSI on a lower timeframe as well as the OS RSI on this chart below, it also stands at the MOB in Advanced Get.
Plenty of confluences are present including a fib. ret. and ext. cluster and proximity to the RN , there are more but you can have your fun in finding them.

Remember to only enter when your rules allow it , and if entered manage your trades well in accordance with your plan , and be sure to look at the news items for tomorrow.

As always , please do your own analysis , and enjoy your trading .

Charts courtesy of TradeStation

Hoping you have a great day,

Clayton Farnworth.