The New Zealand Dollar.

Good evening Forex Traders,

Tonights chart is of the NZD and is in a position of a 123 formation both longer and shorter term.

This could just be a retrace/pullback or start of a trend change. I am not trying to predict anything here but by putting confluences together I am trying to get trading opportunities.

Together with the 123 pattern and MACD divergences there is also the elipse being tagged from the recent October pullback who's high also tagged the MOB at a significant figure as shown on the chart below.

There is also a retest of the broken trendline with an OB Stochastic indicator with no false bar and an RSI heading down and below fifty.

Remember this is heavily against the trend and so trade accordingly in conjunction with your trading plan.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The New Zealand Dollar.

Good afternoon Dynamic Traders,

Todays chart is of the NZD.

After last nights webinar, the uptrend could be scrutinised as questionable, and a proper entry for the continuation would be above the recent swing high of the 2nd of June and the former support line using your entry technique.

AdvancedGet is showing a possible wave 5 in progress but at this level at the moment we are also showing a fibonacci extension level and DT with divergence on the MACD.

Breaks of this area could lead to further upward movement with the figure, further extension points and the EW 5 projection north, whilst a breakdown could have the downtrend ressuming.

Be patient and wait for the market to tip its hand and enter accordingly.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Kiwi fruit squeezed

Good Evening / Morning Dynamic Traders

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

Cross = NZD: Day Chart (Posted Below)

My apologies to those who have been following my blog and have been greeted with my absence over the last week.

I was asked a question of how many crosses I follow and the answer is approx 30.

How do you keep track of that many ?

Well when I first started I would only follow the main players which is around 6 and I learnt my charting, divergence, indicators, Fib levels and strategies on these. When I got to a consistent level on these I added more crosses to the basket.

Once you know the basics you can apply it to any charts, as they all offer opportunities.

What is important is that you do things consistent.

How do you drill down to what you are trading or looking at ?

Lets choose the NZD.

The MONTHLY chart shows the cross was in an up trend since September 2001 and we had a breakdown of that trend in August 2008. Since then we have moved below the VI, finding support at the major RN 0.5000 and bouncing back up to its current level of a FIB breather level and resistance of the previous high.

The WEEKLY chart shows us price is currently at RN 0.6500 and the VI and the resistance from the previous high. Stochastics and Elliot wave would point to a reversal and a couple of the current candles have been doji.

The DAILY chart starts to look in more detail of our current position. We have a trading channel, of which price has bounced between since February 2009 to date. We have a resistance line drawn from a previous high passing through a recent high. Price has been surrounded by these lines, leaving it ready to break out in one direction or another. Stochastics are OB.
Price has given us a double top on the resistance line.















Is a return to the down trend on the cards ???

Look at the 60min chart and what do you see ????

What do you NOT see ???

Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog

NZD Breakout

Good Evening / Morning Dynamic Traders

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

Cross = NZD : Day Chart (Posted Below)

Well we get the Hollywood final, Barcelona vs Man Utd in Rome at end of the month. When things do not seem to be going your way, keep going to the end and who knows what will happen, unlucky Chelsea.

I mentioned that earlier in the week we had a false break out on the Daily and we must be patient to wait for a candle to close outside our trendlines. We got that yesterday, and those "Dynamic Traders" who have done the webinars training with Javid and Anne, would have applied their ESLT.

This would have taken you into the trade at 2300hrs GMT last night and as I write 90 pips for the better. If following your "Dynamic Trader", trading handbook then possibly double that pip count.

Points to note, we have a major RN .6000 and VI above us which will provide resistance. Our "Advanced Get" MOB is indicating a target of the VI area.















Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Reflectionzd

Good Evening / Morning Dynamic Traders

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

Cross = NZD : Day Chart (Posted Below)

No I have not gone on holiday and I am still very much here, with all the bank holiday running around and the sad news of my dear army footballing friend passing away on Monday morning, I apologise for not posting the last couple of days.

I never finished to summarise on last weeks cross "NZD", so i will continue with it as it is at an exciting time like a couple of others crosses.

I have put the day chart below for you to look over, where you will see the squeeze is all but to happen and today (Tuesday) we were presented nearly with the breakout candle, however in retraced to the safety of the triangle. We need the candle to CLOSE outside our lines, so lets see what tomorrow brings.

Note we have the 200 & 100 EMA 400pips apart providing support and resistance, along with RN .6000 above and the divergence as mentioned previous.















Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi Squeeze

Good Evening / Morning Dynamic Traders

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

Cross = NZD : Day Chart (Posted Below)

I apologise for the late post today, due to me being at the United v Arsenal game last night. It never seems to amaze me that roadworks begin before allowing the flow of traffic down the M6, which results in 1 lane only available for traffic. So getting home near 0300hrs took its toll !

I have placed the Day chart below, which you will see the overall picture of where we are. You will notice the "Fake" breakout from our trendlines and also that price has taken it's self back with in the comfort of our zone.

Those following our blog this week will also have been following events on the 60min chart, this will have showed the erretic events of major news that was released yesterday evening with the interest rate decision. This was the reason behind the large spike in the candle of yesterday and today the candle is looking at returning to its previous level.

You will also notice that we are running out of space in our zone which should result in an explosion soon.

Points to note:
VI patrols the sky's above.
RN .6000
Possible wave 5 to be established
Divergence on MACD
Stochastic s pointing up @ 34

Ensure you do your own analysis before entering a trade, chat to you this evening.














Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi BOB

Good Evening / Morning Dynamic Traders

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

Cross = NZD : 60min Chart (Posted Below)

My thoughts tonight are with an old footballing friend, lying in an hospice in Farnham. May your family be given the strength that you are showing. God bless you Bomber.


You will of seen from last nights post, we had the BOB at midnight and would have been triggered into a short trade at 0100hrs with our ESLT, for those that were awake at that time. This breakout provided 90 pips and would have produced any "Dynamic Trader" a tidy profit depending on your trading style and plan.

Price found support at a previous level before bouncing up to a fib breather level and has retraced some 40 pips since then. VI has provided air cover for the breakout.

The chart has now provided us with Convergence between the 3 lower highs and the corresponding MACD histogram.

Will we break the support of the low or move up through the VI, with big news items out tonight, plan your entry rules and watch closely after you have carried out your own analysis.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi news

Good Evening / Morning Dynamic Traders

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

Cross = NZD : 60min Chart (Posted Below)

With BIG news due out on Wednesday evening GMT, I have gone for the 60 min chart to see what is happening on a shorter time frame.

For those that did not read last nights full overview please press here to view.

You will see on the chart below the upward trend line that is from the DAY chart, giving support on current price, which is also sitting on a breather level measured from the last rise. If price drops through this support then a ESLT would be used to enter the trade on a Short.

However on viewing stochastic s which are below the 25 line indicating oversold, and checking MACD we see some convergence recently. This could lead to a bounce off our support line and price heading North in the not to distant future. The VI is to be watched as it patrols just above price.

Do your own analysis before entering a trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi

Good Evening / Morning Dynamic Traders

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

Cross = NZD : Day Chart (Posted Below)

After trading the sunshine of Birmingham for the rain of Ireland over the week end, a good time was had at a family wedding. I apologise to those of you in UK, as it looks this morning, as if I have brought the weather back with me. This morning called for Positive Mental Attitude when the alarm went off at 0600hrs, the rain was lashing down, and the 20min trip to the gym on my bike could easily have been traded in for a hot cup of tea and a lie in.

Why do so many people give in at the first sign of anything going against them ?

Having donned my waterproofs and enjoyed the 1hr lesson, one feels fulfilled, fresh and alert, ready for the day ahead. What a difference one decision can make at 0600hrs in the morning which makes or breaks your day.

Those same decisions are needed to be successful in your trading every day. Do you give up at the first sign of a problem, or is the glass half empty ? As a Dynamic Trader I know your answer is NO i do not give up and the glass is always half FULL.

So with our minds clear lets choose a cross for the week ahead. From my modest basket of 10 crosses I have chosen the NZD. We have 2 large news items this week, one of which is an interest decision.

Lets drill down from the top, The MONTHLY chart shows us a down trend since March 08 till the inverted hammer of Feb 09. A large green candle in March 09 could be the start of a change of trend or could be a pull back.

The WEEKLY shows the up trend tiring at a fib breather level, which would lead us to the DAILY chart for a closer appraisal.

The DAILY shows support and resistance squeezing price and interestingly have VI tracking our drawn in resistance line. Price has pulled back to a breather level after the recent up trend.

The 60 MIN time frame has price debating with VI as to whether it will provide support or resistance and send it on its way. MACD is indicating an upward move with the signal line on the verge of crossing over and Stochastic s have turned up through the 20 line.

Lets see how today unfolds















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi over ripe

Good Evening / Morning Dynamic Traders

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

I did warn last night that the G20 + NFP today Friday is a combination not to trade. Look what happened today with all these leaders trying to correct the world, Euro reducing their rate by 0.25% and the Dow Jones going into orbit. I know we want some volatility however at the current rate, we are better waiting till Monday.

Take time to analyse any of your recent trades, read a book or rewrite your trading plan.

Those that follow me on twitter would have got a number of twitters today as the NZD rallied through various resistances and finally turned down at 1800hrs GMT. Stochastic s and MACD support this turn, but for how long ?

Have a great week end and be refreshed ready for Monday night. I look forward to speaking to you on Sunday night and thank you for all the kind messages of support that Javid passed me, makes it worth while when you hear others are benefiting from the blog. Thank you

Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi, Down under

Good Evening / Morning Dynamic Traders

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

Cross = NZD : Day Chart (Posted Below)

After initial fall in price on the day the "Bulls" took control for the remainder of the day, finishing with a GREEN candle.

I apologise for any confusion with regards the arrow on last nights chart pointing out Divergence, If you read my explanation it was correct, however I placed the arrow to show the histogram reducing and placed the arrow generally to show this. I corrected the arrow this morning to NOT go under the zero line, even though it loses some of its visualisation intent. My apologises.

Remember we have the G20 meet in the UK for remainder of week and on Friday NFP so a certain amount of volatility / disruption will be present for the remainder of the week, use your stops correctly.

On our day chart we have the MACD histogram continuing to reduce to the centre line despite a rise in price today which means the MACD line and signal are about to cross.

RSI remains under 65 and stochastic s are on the verge of leaving the OB area.

What will tomorrow bring ?















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi, Left or Right ?

Good Evening / Morning Dynamic Traders

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

Cross = NZD : 60mins Chart (Posted Below)

When I was in the forces, we were once told "Always TRUST your compass" and what they meant was, there would be times when the mind would tell you, "Go Left", but the compass would say "Go Right".

When I relate this to trading, the chart is telling us "Go Left", however my mind is saying "Go Right".

This thought raised its head today following the NZD, our analysis last night displayed a confluence of events to go short, however for most of the day we were going up. I am glad to say the day finished with a RED candle.

So what happened ? By moving down to the 60min chart, let us see.

Last night prior to the blog, price was sat at the Value Index which provided some support through the previous day. Through the night price rose towards the Advanced get eclipse where we awoke in the UK this morning. We also had a RN and most importantly, as price rose we had "Divergance" on the MACD histogram.

We did not get a reversal signal / pattern until mid day GMT and this was followed by a 123786 and at the same time the MACD line crossing under it's signal line.

How surprised and pleasing was it to get the large "bear" candle at 2100hrs GMT which also pierced the support and is currently changing to resistance against the Value Index.

Also displayed on the chart is the Advanced Get MOB which shows the expected price target.

These events were twittered by myself today, follow me on twitter, click below.

To summarise,
Believe in your compass !
Do your own analysis and believe in what YOU are doing,
DO NOT get diverted by others.
Stick to YOUR plan,
Reap the rewards

"Do not take the path of others, instead make your own path and trail blaze"
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi breather

Good Evening / Morning Dynamic Traders

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

Cross = NZD : Day Chart (Posted Below)

As expected from yesterdays post we had a RED candle today of 100 pips from high to low, however its momentum was lost towards the end. If we do have a reversal in trend, we have some pips to collect before price gets to its 1st breather level around .5467.

Our MACD line has yet to cross its signal line, but the histogram is on the brink of 0. RSI is now below 65 and stochastic s are under the signal line having crossed under.

Looking longer term and we are looking at the day chart. We had convergence prior to the 13 day rise in price. With price turning we have a place to measure from, which places the "eclipse" as shown on the chart, which coincidently is a 123786. The indicators are saying a fall in the price, but that far ? and over how long ?

The "MOB" sits just above the recent high again indicated on the chart.

Please do your own analysis before placing a trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi

Good Evening / Morning Dynamic Traders

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

Cross = NZD : Day Chart (Posted Below)

I trust you all had a great week end and enjoyed some of the range of weather that only the UK can offer.

I have decided to revisit the NZD this week as the chart looks quite interesting.

If you have been following me of recent you will be aware we were following this cross. We had everything in line for a reversal and then we were hit with that unexpected candle, which totally ruined our analysis. I have circled this on the chart.

I have placed the support and resistance lines on the chart and the middle line was the previous resistance line we were following. You will see we had convergence prior to the recent up trend. You will also note the RN 5800 provided competition vs price. The histogram is currently decreasing on MACD and line is turning down. RSI has provided a double top and stochastic s have turned down.

With price now turned, a short position with little risk presents you an invitation.

As always do your own analysis before placing the trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi will return

Good Evening / Morning Dynamic Traders

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

Cross = NZD : DAY Chart (Posted Below)

Today, I was looking for some consolidation after Wednesday's news of more $$$$$$$$$$$$$.

However price continued to rise some 150 pips and today's candle is green so far ?????

My decision is to stay out of the market and let things settle themselves.

I will review for Monday and decide my next positions.

Give me time to read again "Trading in the zone" by Mark Douglas.

Speak to you all Sunday night, have a great week end.

Kiwi fruit bruised.

Good Evening / Morning Dynamic Traders

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

Cross = NZD : DAY Chart (Posted Below)

The "Market is always right" !

Having closely followed the cross and watching developments going to plan, you are never certain what the market can throw at you. Today, on the back of a news item, price has turned and gone up over 200 pips within 60 mins. This would have stopped out everyone who had gone short on the cross, an action that was full of ingredients for the price to come down. If you had been contemplating going long on the cross and awaiting the BOB, then you would have been presented with a BOB of some 240 pips, making entry some way off.

As Dynamic Traders, you WOULD have entered the short trade with a minimal stop loss and with correct money management not have been too shocked at your minimal loss before dusting down and looking for the next trade.

Some will, Some won't, So what, What's next ?

After the market absorbs the released news, RSI and Stochastics are continuing to show at an extreme and looking to regain their breaths. Time to review our thoughts and decisions of where price is going next. We are currently just short of the next breather level.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi, not ripe yet !

Good Evening / Morning Dynamic Traders

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

Cross = NZD : DAY Chart (Posted Below)

You would not eat a green banana or a green tomato, therefore do not trade if the trade is not ripe.

Today's trading range was smaller than previous and completed as our 6th green candle in a row.

If you have been following our progression this week, you will be well aware of previous statements.

Tonight I have added 2 further things.

First copied the support line and moved it up to give a resistance line, presenting us with a downward trend trading channel. You will observe the top has been kissed.

Secondly I have shown Stochastics which is well in the OB area and attempting a crossover of its signal line.

Add in the RN and we start to have some confluence of events.

The likely route would be back towards the support line and with a minimum risk of the resistance line, this could give handsome rewards to those that wait for the "sunshine" to ripen our entry.

If price moved against our thoughts then we would be looking for a BOB and adopt our ESLT as taught in your webinars.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/

Kiwi Suprise !

Good Evening / Morning Dynamic Traders

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

Cross = NZD : DAY Chart (Posted Below)

Fresh from the weekend break, I would like to congratulate my fellow blogger Clayton for his decision to go full-time "Forex Trader".The difference between ordinary and extra ordinary is that "little extra" and I know Clayton has what it's takes. Enjoy the journey.

I have decided to look closely at a cross that normally does not enter my basket the NZD, which has some traits similar to the AUD.

It has been in a down trend since Feb 2008 and currently on the day chart is in a pull-back to a fib breather level which could be a convenient time to enter the trade as it turns in search of a new lower low.

Stochastics are in the OB area and about to turn down, RSI is turning shy of the 60 area and MACD was showing convergence which would have accounted for the recent run of green candles.

Todays candle has started possitive and yesterdays (Mondays) almost touched the breather level, therefore we may still have a touch of upwards movement before the turn takes place. Be patient wiith this cross.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/