15% in ONE day

Good Evening / Morning Dynamic Traders

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

Cross = GBPCAD, Day chart below.

Good Morning Guys,

The market resumed its trend movements today and rewarded all those that waited patiently whilst pullback and consolidation took place, and wasn't worth it.

15% Gain of funds in ONE day.

Remember those who follow this blog know we have 23 trades in play and as they say "You have got to be in it to win it !"

Our worst performing cross in our basket is the GBPCAD, so I have posted the DAY chart below to refresh ourselves with our entry etc.














You will see from the chart we entered this trade in our usual aggressive manner after a breakout had taken place and our ESLT triggered the trade. Despite our indicator showing strength in the trend at entry, you will see this faded away and we entered a consolidation phase. (After every big move there will be consolidation) A couple of days ago on price hitting resistance we were presented with a doji candle indicating a change of direction and today price made thgat move.

After such big moves today, do not be suprised if the market takes some back tomorrow. Please ensure you have managed your trades and do not break the rules you have set. If your rule is price closing below a perticular point = move stop, then wait until price DOES close below that point and NOT just hits it. This is a regular bending the rule, that people do.

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

Your roots provide your fruits.

Good Evening / Morning Dynamic Traders

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

Cross = AUDUSD, AUDCHF & GBPCAD : Day chart below.

Good Morning Guys,

Keep those pips coming. If you have been following our blog's both here and on our sister sites below, you will be reaping the rewards at present with over 3,000 pips taken from the markets since Xmas. I mention your roots provide your fruits as your education in trading if done correctly will always provide you the opportunity to gather in pips. Since yesterday I have been stopped out of 2 trades, NZDCAD & USDJPY. Both trades were in a risk free state, therefore no actual loss was taken and a profit was taken previously. To explain how this happened you would need to be a member of the trading room, details below.

I have entered new positions in the last 24 hours using 2 strategies the trading room uses. I have entered on a long term basis, Short the EUR and Long the NZD after being triggered into both trades. My normal strategy has entered me into 3 new trades, AUDUSD Long, AUDCHF Long & GBPCAD Short.











Both long trades have broken out of their consolidation phases and use of the ESLT from the "Trading Room" have been used to enter.














The GBPCAD had been in a breather for 3-4 days on its downward move and shows further strength in the trend on stochastics. To take full advantage of these strategies, join the trading room from the links below.

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

GBPCAD Stopped Out.

Good Evening / Morning Dynamic Traders

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

Cross = GBPCAD : Day chart below.

Hello everybody, I hope you are enjoying the snow whilst we have it. It is amazing how everything in the country comes to a halt over 6 inches of the white stuff. (UK that is.) With the internet not effected, our trading continues as normal. I had mentioned on Monday that we would be looking at the 4 trades I was currently in. One of those the GBPCAD was stopped out last night, so I have chosen this to see why and when we entered etc.

I explained that I am comfortable trading medium to long term using the DAY charts for my analysis and each weekend I look at and replace likely entry's for the coming week. Any good candidates goes onto my watch list. As we will see if we miss a trade, then no need to chase the trade, be patient and await the signal to enter.













With the VI patrolling the sky's above price, we were presented with a double top kissing the VI. This started to produce lower highs and lows, resulting in a downward trading channel. We already had a strong support below and price soon started to act with a deal of predictability.

We will never know the ultimate top or bottom of a move, so despite missing the shorting opportunity at 1. , we waited and using our ESLT on the next reversal we were able to enter the trade with our limit order set for calculated profits of around 500 pips.

Once our limit order secured profits, we were then in the trade risk free, only for price to rise and stop us out. Should our stop loss have been set higher ?
That is for you to decide depending on YOUR rules.

There might be a further opportunity to come ?

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

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 Pound Australian Dollar.

Good evening Dynamic Traders,

Tonights chart is of the GBPAUD which as you can see is in a good downtrend.

Price action of late has however seen a bounce up from mid October and has been consolidating from about the end of October producing what could be a DT scenario.

GetStochastics is showing the latest false bar to the downside as would be expected and Friday produced a kind of hanging man candle formation and today has had a good down day, but is being held up by the trendline support.

You should all know how to trade this with an entry order for the short side should price continue on its southerly way as the longer and medium term trends are down whilst the short term trend has recently popped up.

The correct entry system should keep you out of trouble should price decide to turn up, but if it does this can be traded using ESLT on the consolidation break should other confluences predict.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Pound Canadian Dollar intra-day.

Good morning Dynamic Traders,

I have currently got the 4 hour chart of the GBPCAD on my watchlist,as it is fighting the V.I. which has been giving formidable resistance together with the figure and former resistance.

Price has moved down heavily since the end of June and therefore as expected is now consolidating, and AdvancedGet is showing a wave 4( possibly complete ) and wave 5 projections further south.

Although the continuation down has not started, I shall await a break and should it occur will enter accordingly.

The preferred direction is down with the trend, but should a relevant BOB occur either way ( with GetStochastics having the last false bar to the upside ) I shall enter using the appropriate filters in either direction, and manage well according to the timeframe.

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

















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Pound Canadian Dollar.

Good morning Dynamic Traders,

I hope some of you have been able to profit from this weeks posts and are managing them well.

So far from Monday's and Wednesday's posts there have been up to about 450 pips available, whilst Tuesday's at the time of writing is about breakeven.

Remember, management is vital to your success.

Again the image uploading issue is plagueing me and so I shall just write about the trade I am looking at.

It is of the GBPCAD on the four hour timescale and could possibly be showing a bearish flag formation whilst tagging the figure area and having RSI below 50, although this is rising albeit at a shallow angle.

The longer and shorter term trend is down on this timeframe and there are other confluences for you to find.

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

I have had notification through the post, that my electricity supply will be off tomorrow, next Friday and the following Thursday for 'Powerline Tree Cutting ' and so on these days there will be no updates.

Good luck, and have a great weekend.

Clayton Farnworth.

The Pound Canadian Dollar.

Good afternoon Dynamic Traders,

Todays chart of the GBPCAD is definately one for the watchlist until the market shows its hand a little more.

The current trend is down with price at present in a fibonacci breather zone which also encloses former resistance lying just above the figure of 1.8400.
This also ties in with the AdvancedGet Elliott wave count.

However contradicting this is the sub chart indicator of MACD which is showing an uptrend direction, and with another style of trading I use I only have one more confluence to get which would then have me look at a possible long trade.

Therefore as usual, sit on your hands on this one until more direction is given and once your number of confluences is had, use your Dynamic Trader rules and filters for entry.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Review of the Pound Canadian Dollar

Good evening Dynamic Traders,

I hope you have all had a great day and are ready for your further mentoring classes with Javid and Anne this evening.

In light of the upcoming webinar tonight, I thought I would do a review of last nights blog.
As mentioned I was looking at the GBPCAD and did enter the trade this morning a little prematurely but that is what you get sometimes by taking the aggressive stance as I said I was going to do, but due to former commitments I could not stay at my computor for a better entry. Due to the large movements intraday on this pair, my stop was far enough away to have kept me in this trade, and as at present I am managing it with a profit.

With todays price action looking like a doji ( albeit as ususal it is not finished yet ) if you are in this trade manage it according to your rules and get ready for possible big moves tomorrow either way due to high impact news out on both sides of this pair.

As always please do a complete analysis on any trade you may take, and the best of luck to you all.

Clayton Farnworth.

British Pound Canadian Dollar

Good evening Dynamic Traders,

Nearly half way through the trading week and I thought I would show you a chart that I am looking at for a continuation to the downside.

The daily timeframe below, which is still in a longer term downrend, is showing signs of continuing its southern trek. We had a slightly down on the day doji with big wick yesterday who's high was at the golden mean, and today we have a slightly up doji for the day. The pattern looks like a possible bearish flag ( although extended ).

If we now take a look at the 4 hour timeframe chart below we can see signs of a 123 top forming as I am writing, and also around the figure. I am going to be aggressive on this pair as it is a large moving cross and therefore want to keep my stop as close as possible.

I have also gone down to lower timeframes for my analysis and recommend you all to do the same if you are going to consider this, as they will reveal more clues as to when and where the possible turn will come, like an OB stochastic on the hourly being just one indication showing that this legg up is possibly running out of steam.

As always please do a complete analysis for yourselves before taking any trades.














Charts courtesy of TradeStation.

Happy analysing.

Clayton Farnworth.

GBPCAD

Good evening Dynamic Traders,

Tonights chart is one to keep a close eye on, the GBPCAD .

At present it is at a previous R/S and a RN, with good divergences across different timeframes. It has also hit the MOB in Advanced Get but not quite got the extension which clusters with the next RN down, therefore time your entry to use your ESLT when the time is right.

As always please do your own analysis before trading.













Charts courtesy of TradeStation.

Good luck.

Clayton Farnworth.