Exposure.

Good Evening / Morning Dynamic Traders

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

Cross = USDCAD : Day chart below.

Good morning guys, Welcome to another week in the markets. I had expected a pullback on Friday after the gains on the previous couple of days, however it never happened and even this morning price moves forward. Remember that nothing goes up, up, up or down, down, down without a breather. When price has it's breather those with tight stops sometimes get taken out of the market.

Those of you who like myself, trend trade will operate with larger stops to allow these breathers.

Last night our weekly webinar gave us plenty of insight for the week ahead and some potentials trade for us to set up and take. These webinars keep you focused for the week ahead, as well as useful widgets for your E Signal analysis and I know that many of you have made tremendous gains following our strategies. For those of you who do not participate in the "Dynamic Trader Trading Room" each Sunday evening, click here for more details

With so many winning trades at present it is essential not to get too carried away and trade everything that moves, we must remember our EXPOSURE.
Exposure is the risk (entry to stop) on all the trades added up that have NOT reached risk free status. So, if 5 trades, each using 2% risk have not reached risk free (Target 1), then that is 10% exposure. I am currently in 15 positions total, 3 are risk free so therefore are not in my exposure. the other 12 are split over 6 crosses, of which 3 are positive and 3 negative as I write. My total exposure is currently 12.8% which is higher than the 10% I try to stick too. Until some of my existing trades become risk free, I will not be entering any new positions at present.

So what other trades am I currently in ? Lets have a look at one of these which is the USDCAD.













We have a established downtrend, with the VI closing in on price from above. Price has in general kept between the drawn trading channels and recently looked like providing a breakout. The pullback before the attempted breakout provided an entry point for the Short trade. The VI provided resistance and added to this we had divergence on the MACD. As price headed down we waited with patience until our trade triggered. This trade is not as yet risk free and is some 50 pips short of my target.

Please do your own analysis before entering a trade.

Dynamic Trader members can join our trading room by clicking here.

Trade with Passion

John Maher
Forex Analyst

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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 Loonie

Good evening Dynamic Traders,

Tonights chart on the daily timeframe is the USDCAD, and once again the Loonie is testing its previous highs.

I am keeping this on my watchlist with a keen eye, as a possible reversal could be close at hand.

We have today tested the three previous highs together with the figure, which therefore are making it a stronger barrier but this is not to say that it will not get broken this time.
However if past performance is anything to go by we could see a decline in the near future, but as our Tutor says, ' you will only be wrong once ! ', and if this is to be the case here you can always use the trusted filter technique referred to often on these blogs.

As can be seen from the chart below we do have an OB Stochastic, and not shown is a diverging RSI.

Charts courtesy of TradeStation.

As always please do your own analysis.

Clayton Farnworth.

The Loonie

Good evening Dynamic Traders,

I hope, if any of you took any of the trades I mentioned on the websites fxtts.com & forextrendtradingsystem.com last night, you are all managing them correctly, as between them, since the updates, they have moved between them a total of about 750 pips, so well done to you.

Tonights chart is of the USDCAD on the daily timeframe, which I am looking at for a possible swing trade. As you can see from the chart below, it has been in a consolidation since October 08 after its big move, and at some time has got to break up or down.

Having once been hung up on Elliot Waves but no longer am, I am reading this as a possible W4, and therefore expecting a break north sometime.

From the chart we can see that we broke through the longer term trend line to the downside yesterday and closed below it with a small doji, only to power back into the zone today,after tagging the shorter term trendline.

I shall apply my rules of entry in accordance with my trading plan learnt from 'The Dynamic Trader' webinars and Mentoring classes, and wait patiently.

We also have Stochastics looking like it is about to cross up but has not done so yet, but if it does will add to the confluences.

However, please be aware that high impact news is out on both sides of this cross tomorrow so as usual, be patient, and do not be fooled by false breakouts, as you all know how to trade this situation.

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

Charts courtesy of TradeStation.

Good luck with your trading.

Clayton Farnworth.

The Loonie

Good afternoon Dynamic Traders,

I trust you all have had a good weekend and are ready for the approaching week of Forex trading, which will hopefully be full of opportunities for us to sieze. Todays currency is the USD Dollar against the Canadian Dollar.

The daily chart below is at present in a range,as can be seen from the price action being held between the trendlines, and as of Fridays candle we had an indecision bar in the form of a spinning top which tagged a breather level and spiked a '00'

I am waiting confirmation on my 4 hour timeframe chart below as this looks like it could be a 'big move, small pause, big move', scenario.

Also you can see that Stochastics %K line has crossed below the %D line but are still in OB territory, but the spinning top on this pair was not the extreme candle.For all the Dynamic Traders reading this, you will also be able to see other confluence of events happening, including being at a MOB and also a medium term T.J.'s elipse.

As always please do your own analysis on any trades you do, and ensure you manage every one of them.

Charts courtesy of Tradestation.

Hoping you all have fun and success trading this week.

Clayton Farnworth.

USDCAD

Good evening Dynamic Traders ,

Tonights analysis is for the Loonie.On the daily chart below, the price action looks like it is about to close in the parameters of your DD technique, and because of the recent swing low( Jan 6, albeit today has not finished) you have several ways of entering this as taught by your mentoring classes and webinars, however ,do be aware of the RN , but also the distance away of the Value index which strengthens the DD.

On the 4 hour timeframe below however, we have tagged a 123886 with divergences which contradicts the DD , therefore your entry is crucial if you wish to trade this pair. I am favouring the downside push but will wait to execute the trade when my entry is confirmed with my trading rules. Patience is the key to this one, so wait for your confirmation, and as always please do your own analysis and remember about the big news items tomorrow.

Charts courtesy of TradeStation.

Good luck with your trading,

Clayton Farnworth.