Toe in the water

Good Evening / Morning Dynamic Traders

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

Cross = CADCHF, Day chart below.

Good Morning Guys,

As always the markets give a little and then take a little and this has been happening over the last week.

Those that follow this blog should be in profits from the trades we have looked at and entered. If you have lost your nerve and closed your trades then you will be the long term loser.

No matter how long we analyse a trade or how many indicators we use, the market will dictate what is to happen, therefore we have to try and have things in our favour. This is where the words "High Probability" and "Confluence of Events" come into play. There is no hard rule as to how many you need on your side, the more the better.

As TREND traders we do want the TREND in our favour and our initial entry is our "Toe in the water". Our initial target is T1 and if this is hit, it will give us an answer as to whether we have found a trend or not. If T1 is hit we will be risk free in the TREND and looking to make further gains.

The mechanics as to how all this takes place, are taught in the "Trading Room" and for those interested we have a link at the bottom of this blog.

Yesterday our basket provided a further 3 crosses hitting T1 with over 500 pips of profit, which now puts us risk free in another 3 crosses. EURNZD, NZDJPY & CADJPY.

How many of these will continue to harvest profits is unknown, as the market decides, however we have taken profits on ALL 3 and are now RISKFREE.

Some WILL, Some WON'T, So WHAT, WHAT is my next trade ?

Note: the CADJPY has got a "Double Top" therefor could reverse and stop us out, it is also the only one of the 3 that DOES NOT currently have strength in the trend.







































Please look at all 3 charts, we have a Short and 2 Longs, one of which is showing a "Double Top".

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

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Follow our other blogs, .eu & .com

Keep them coming.

Good Evening / Morning Dynamic Traders

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

Cross = EURNZD & EURCHF : Day chart below.

Good Morning Guys,

How is your ships sailing, I have taken on a couple of more containers aboard my ship and I am currently close to my limit of exposure with 29 trades running and over 4,500 pips under control.

The markets parted with more pips this morning and as I write is taking a few back prior to the "Budget" in the UK. It is important that all your trades are well managed when such major news is due out.

29 trades is a lot to manage you may say to your self, however as "Trend Traders" we are not stuck to the screen all day and within ONE hour in the evening ALL analysis and management of trades is done. At the same time I have a mixture of strategies that I use and the 29 trades are a mixture of these. Some trades have been added to since initial entry, some are risk free and some are still to show profits.

The market at the moment keeps throwing me opportunities and as they say, "Opportunities are NEVER missed, they just pass to someone else". Two opportunities that came my way this morning were EURNZD & EURCHF and these are shown below. These were triggered by one of the strategies shown in the trading room, and you can learn these by joining the trading room on the links at the bottom of the blog.












On both occassions I have gone with the trend and as usual may have been a bit aggressive.

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 Euro New Zealand Dollar.

Good evening Dynamic Traders,

There will be no chart tonight as I cannot get it to upload.

Thank goodness for ESLT, as regarding last nights post no trade was triggered due to the BOB being false as price action today could end up producing a bearish engulfing candle ( at time of writing) although it has plenty of time to alter before the close of play for today, and so as also mentioned last night it now looks like the divergence shown on the chart was just too much.

Anyway on to tonights currency pair of the EURNZD mentioned on Tuesday, where I said a long trade was possibly on the cards and up to todays high has offered some 400 pips plus some of which could have been gained.

That by the wayside now though as todays movement has now brought into play another way of trading which you should all be familiar with and all criteria are in place.

However before rushing in make a discretionary call due to the longer and medium term trends being down whilst the shorter is up and also the V.I. is a little north.

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

Good luck.

Clayton Farnworth.

The Euro New Zealand Dollar.

Good evening Dynamic Traders,

Tonights chart is of the EURNZD and was last mentioned on the 2nd November which offered a little over 600 pips.

Tonight you will see that after the breach of the strong figure and resistance price bounced up and then continued its downtrend as suggested but in doing so has made a possible 123 pattern.

As with most currency pairs of late the big moves are being followed by pullbacks or consolidations before deciding what to do next, this pair being of no exception.

Price action at present is providing a DT in a downtrend but as shown on the chart below the confluences are possibly pointing towards a further move north due to the 123.

With the 123 now making the DT the best way to trade is by a break of the top or bottom and then ESLT accordingly.

I am favouring the long side but am not predicting this and will trade either way should confluences direct.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro New Zealand Dollar.

Good evening Dynamic Traders,

Tonights chart for the watchlist is the EURNZD.

All trends are down here currently, but price appears to be making a pullback and has reached the lower fibonacci breather level.

At the time of writing price action today is making a doji candle although it is not complete, and price is at a RN.

The V.I. is down and GetStochastics is OB with false bars to the downside.

Although not ready to trade as yet a possible aggresive entry can be determined should the downside movement continue.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro New Zealand Dollar 123.

Good morning Dynamic Traders,

Todays currency pair of the EURNZD is around the V.I. on the daily and the most recent low at the figure.

if you now go to the image below on the one hour timeframe, you can see that I have indicated a possible 123/DB bottom scenario.

There are many confluences in place across various timescales to have taken this trade but if you did not find this in time do not chase it but follow its development to see if you can enter at other predetermined places as taught by 'The Dynamic Trader'.

This is a very volatile pair and so if you decide ,after doing your own analysis, to take a trade on this cross, do so with caution and ensure good management.

Charts courtesy of AdvancedGet.

Have a great Easter Weekend.

Clayton Farnworth.

Euro New Zealand Dollar

Good evening Dynamic Traders,

Firstly, just a quick recap on last nights blog, I entered the trade at around 11 o'clock today and am now managing it with a small profit, always remember 'Patience'.

Tonights chart is on the EURNZD, but due to its volatility, I am showing it on the 4 hour timeframe.

During doing your own analysis you will see that the daily chart has today a spinning top and bearish flag pattern formation, although todays price action is not complete.

Whilst on the chart below, we have tagged the breather level, with T.J.'s elipse in evidence,
and MACD is showing divergence.

As indicated on the chart we may also have a H&S pattern forming.

Do be extra cautious shorting this as it would be heavily against the trend, but a calculated entry due to your confluences adding up could give good gains.

Always do analysis of your own before taking any trades.

Charts courtesy of AdvancedGet.

Enjoy your trading.

Clayton Farnworth.

Euro New Zealand Dollar

Good evening Dynamic Traders,

I hope your forex trading is going well this week and a pair that you could well consider is the EURNZD.

At of todays candle, although it needs to be completed, but looks like it could well end up being a nice big doji with plenty of wick. It stands at a possible DT, but a good RN lies just north, which also is clustering with fibonacci numbers on both the daily and weekly timeframes, together with the MOB in AdvancedGet.

However patience is needed here as ususal for confirmation as the smaller timeframe to these is looking like a decline could be imminent, as we have hit yet another fib on this timeframe together with a diverging RSI.

Whatever happens, we can be ready for entries either way, for day or swing trades, if we adhere to our Trading plans we created during our mentoring classes and webinars.

As always please do your own analysis and wait for your entry confirmations, but be on your toes.

Charts courtesy of TradeStation.

As the markets are closed on Saturday morning, there will be no update tomorrow as normal, but also possibly none on Sunday evening too.

Have fun trading,

Clayton Farnworth.