Life on an Ocean's wave

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY & GBPNZD : Day chart below.

Good Morning Guys,

I hope you all had a good weekend enjoying the profits of last week. The market has taken a portion back this morning, but that is how the oceans work. At the end of the day we ALL are but a drop in the ocean when you put yourself in comparison versus the Forex markets and I was once told "Anyone can take the rudder when the seas are calm !"

Feeling nautical this morning, must be my Green Beret background, so take this onboard. If you take to the see in a rowing boat, things will be tough but not impossible. If you go in a container ship, you will stand more chance of survival but remember the Titanic was unsinkable !

If you are trading the market with one little trade here and there, then you may make it, but it will be tough going. Like the container ship, how many containers (Trades) have you on board ? Staying within the rules we have mentioned in previous blogs , more trades could provide more profits. If we hit a storm we may lose a container or two but other containers will be filled with pips.

I have currently 23 containers on my ship, filled with 4,000 pips, having added the GBPJPY & GBPNZD recently. I have posted both charts below for you to follow my logic of entry.













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.

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Trade with Passion

John Maher
Forex Analyst

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British Pound New Zealand Dollar.

Good evening Dynamic Traders,

I hope you are all managing any trades you have open correctly as this is an essential part to your trading.

Tonights chart for you, is on the GBPNZD, and I am looking at this pair for a possible continuation to the upside, as it has hit a breather level twice after its last two upmoves and at present is consolidating with a tightening squeeze that could be about to break.

Due to the volatility of this pair I am analysing on the four hour timeframe chart and will enter of my lower timeframes as and when I get the confluences telling me to do so. At present we are being resisted by the figure but if a break does happen your ESLT can be applied so as to eliminate any F.B.O.'s

Please be aware that high impact news is out on this pair tomorrow so comply with your rules and trade accordingly.

As always please do your own analysis.

Charts courtesy of TradeStation.

Good luck for tomorrow, and have a nice weekend everyone.

Clayton Farnworth.

Pound New Zealand Dollar

Good evening Dynamic Traders,

Tonights chart below is on the daily timeframe, and is of the GBPNZD.

At present it is displaying what could be a bullish flag pattern, but it is in a downward trending scenario so be sure to plan a entry with caution, as it is inbetween breathers for a continuation to the downside. Either way your ESLT on the BOB. can assist here, but as I am writing the stochastic fast line is turning up but be sure to wait for your confimations as we have high impact news out tomorrow. Also at present the hourly chart is in the throws of some form of downward movement.

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















Charts courtesy of TradeStation.

Good luck for any trades.

Clayton Farnworth.