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
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The Pound Aussie Dollar.

Good morning Dynamic Traders,

Firstly may I apologise for the lack of updates, but my internet went down and I have been trying to sort it out with much frustration which obviously had the knock on effect of not being able to trade.

However that aside I would like to give a big welcome to Sonia on the sister site and wish her every success.

With not being able to view any charts or attend the recent webinars I am just trying to familiarise myself with the recent price action in the markets and that is why I am going to review a trade that I know many of you are in, the GBPAUD.

Ensure you are managing this trade correctly as good profits have been had on this pair but be sure to take account of confluences happening here.

Across different timeframes there are convergences happening with the MACD indicator both longer and shorter term as shown on the chart and although the major support of 1996 has been breached which does indicate further weakness these convergences are implying at least a pullback may happen in the near future.

Also there are the '000' figures below and there are fibonacci clusters in the vacinity with these, so ensure you are constantly monitoring your trades with the rules to ensure your profits are not given back to the market.

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

Have a great weekend.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Review of Pound Aussie

Good Evening Dynamic Traders,

Tonight I am going to review the GBPAUD from last evenings blog so as to show what patience can do. As mentioned, I waited for the news which was Australian Dollar positive but had already been accounted for in the market and price just continued to rise, so my entry never got signalled. However, as of todays movement it looks as if we are going to close above the value index on the daily timeframe and so an ESLT on the BOB could be applied but be cautious as we have tagged a strong former support level now acting as resistance on the weekly which is showing a possible bearish flag formation and the daily is approaching a very good fib cluster level, so at the very least we should have a possible pullback which will give good returns if you are ready, as we have high impact news out again on this pair on Monday but this time on the GBP. Once again I am doing my analysis on this pair on the 4 hour timeframe, chart below.

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

Charts courtesy of TradeStation.

Once again, good luck with all your trading endeavours.

Clayton Farnworth.

Pound Aussie

Good Evening Dynamic traders,

Tonight I am looking at a big moving currency pair and therefore on a smaller timeframe, to try and capture some quicker profits.
My timing for trading is a little out of sync with what you have been taught by our Mentors, but for me at present these type of pairs provide good opportunities and being as I am at my computor now I can monitor the trades closely.
The currency pairis the GBPAUD on a 4 hour timeframe chart and at present is standing at a fib reversal with an OB and resistance zone just above, and nearing a fib level for the wave count.

I have not got confirmation yet for an entry although the one hour chart is showing OB Stochastic but in AdvancedGet is showing a false bar and we are nearing the first of the good '00' which are in the resistance zone.

We have medium impact news out very soon in Australia which could affect the Dollar so I will assess the situation after this for my trading.

As always, please do your own analysis for any trades.














Charts courtesy of TradeStation.

Good luck with all your analysing.

Clayton Farnworth.

POUND AUSSIE

Good evening Dynamic Traders,

For the start of the new forex trading week I have got the GBPAUD. However , as this pair is very volatile I am showing this on the 4 hour and 1 hour timeframes.

Firstly, although it has tagged a fib . breather level on the 4 hour chart , it is in close proximity to the V.I. with a fib cluster just above as well , which is also near the R.N. , and the RSI is above fifty but less than seventy. Also, on this timeframe in AdvancedGet , we have an OB Stochastic with a false bar , thus indicating a possible trend and therefore the possibility of a push north.
















On the hourly chart below , we are in a consolidation zone awaiting a breakout, and the Stochastic here is in an upward trending position, and if we do our fibonnacci on this we can find that we have a good ext. cluster just above the V.I. of the higher timeframe.
If you then go to your 15 min. timeframe to get your entry, you can see that a 123786 bottom was just missed , however that could change looking at its position at the moment.

High impact news directly affecting this pair is Wednesday.

As always please do your own analysis before taking trades and due to its high volatility, it is important to get your entry correct, so use your Trading Plan rules to the letter and wait for your pre determined entry with an already known SL.
If this goes the other way before triggering you , use your break of support with your ESLT to enter. As Javid always said, 'it does not matter what the market does, just be ready for it' . Remember , we put the odds in our favour , but the market is always right.

Charts courtesy of TradeStation.

Good luck with your trading.

Clayton Farnworth.

Good evening Dynamic Traders,

Ihope you have all had a good weekend and are getting ready for the approaching holiday and festive period.

Tonights chart, the GBPAUD, is one to keep a close eye on as it is in a R/S zone with all the areas not shown here. It has just hit a normal TJ's elipse in Adv. Get. with the longer term one not too far away, however there is a good fib. cluster at the lower end of the zone, together with the '000', we do have a candle stick formation at present on the daily together with some other confluences, and if it decides to go north from here or that little further south a good entry is critical on this pair due to its high movement during a day.

As always please do your own analysis and use good management .

Enjoy your Trading,

Clayton Farnworth.