Some you win, some you lose !

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY , CADJPY Day chart below.

Good Morning Guys,

Apologies for no post this morning, this was due to BT Broadband issues. You will be well aware that over the last couple of days we have had a pullback after the recent gains and also with NFP due on Friday.

The market reminded that despite no matter how long you analyse a trade, it will have the final say and I was stopped out of the GBPJPY for a loss. As I had entered on a long term strategy, my loss was larger than my usual medium term trades. I have posted the chart below illustrating the logic behind this trade.














As one door closes others open and having recieved a couple of alerts on a medium term strategy taught in the trading room, I chose to enter the CADJPY. Price had broken through recent resistance and with strength in the trend, I used our "Trading Room" tool ESLT to enter the trade. The DAY chart is shown below.














With recent gains taken back by the market, you must stay focused on your rules of engagement. It is disheartnening seeing the pips and £$ being taken back, however if your rules are followed with the trend then your rewards will come to those who wait.

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

GBPJPY

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY : Day chart below.

Good Morning Guys,

I woke this morning to find 5000+ pips on my container ship, so I thought I would check on some of the containers that came a little loose from their chains through the night, I would not like to loose any of them.

The one which drew my eye to be checked on, was the GBPJPY . I have posted the chart below for you to study. As always I followed my rules prior to entry and was using one of the LONG term strategies taught and discussed in the "Trading Room".

The trend was down, price was within its channel and previous support had become resistance. We had a RN around resistance and were in a Fib breather area. Stochastics had crossed down and the trigger was set (maybe aggressive) to enter on price dropping below previous low.

The trade did trigger, however price failed to continue down and has turned back up, maybe to retest resistance, if so could provide a double top ? The trend is still DOWN.















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

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.

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

The Pound Yen.

Good afternoon all,

After posting Thursday mentioning a possible halt to the downtrend of the CAD, due to previous support, price then immediately fell straight through that area to continue the downtrend without so much as a pause, but as you all know to avoid FBO's ( should this be one ) there are different techniques you can employ to try to avoid such cases, and depending on your trading stance, will determine whether you use the more aggressive or conservative entry.

Todays chart is of the GBPJPY, which has confluences to note of, price is currently in a DT and maybe trying to test the former support area, with the current upmove standing at a higher BL and a possible bearish flag formation.

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

Good luck to you all for your trading week.

Clayton Farnworth.

The British Pound Japanese Yen.

Good evening Dynamic Traders,

Tonights chart of the GBPJPY is showing a penant formation which could be close to breaking.

The short and medium term trends are up whilst the longer is still down, and price is currently finding support around the strong figure area.

Stochastics is in a slow upward moving position but the most recent false bar is to the downside, whilst RSI is above the fifty level.

As mentioned the lower trends are up and therefore should be your friend, but be aware that the V.I. is not too far north

The conservative way to trade is the high or low breaks but if of an aggressive stance and wish to trade the penant break then beware false BOB's.

High impact news is out tomorrow on this pair with regard to the GBP and on Friday with regard to the Yen. One of these could well start the move but as already said beware a false BOB.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Pound Japanese Yen review.

Good morning Dynamic Traders,

Today I thought I would review the GBPJPY from last Wednesday's post, which stood at 153.37, and was mentioned as a possible short depending on your stance.

As of the low of today, a possible quota of the 400 or so pips could have been taken, and if anyone has taken some of these then well done to you.

However if you are in this trade, and depending on your management and rules you will either have locked in some profit by now, or if you are using the 'Smart Money Edge' webinar technique, then T1 has not been tagged and so you should be managing accordingly.

The short term trend has moved into a down position today as I am writing, which is another confluence, but you should be aware that there is former support coming up and price is currently around the figure area of 150, which could cause support too.

Good luck with your trading today, and as always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Have fun.

Clayton Farnworth.

The Pound Japanese Yen.

Good morning Dynamic Traders,

The daily chart below of the GBPJPY, shows price did a large move down from late July 08 to the beginning of this year and has since moved up to produce a possible 'Double Top' formation in a breather zone of the downtrend.

Although both longer and shorter term trends are now up, price has closed below the V.I. and is near a former R/S area which is in close proximity to a good figure area.

The consolidation area of late is still proportionate to the upward movement from the beginning of the year but is looking a little protracted.

For those of you on the recent webinar series, you should know what you are looking for with the tools provided by 'The Dynamic Trader' and should apply the appropriate techniques and filters, as it is in a position to possibly go short but depending on your stance you may wish to wait for the near by resistances to the downside to be overcome.

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

As previously mentioned there will be no blogs from me tomorrow and Friday due to reasons mentioned last week and also with it being a Bank Holiday this Monday, the next update will probably be Tuesday.

Charts courtesy of AdvancedGet.

Have a great weekend.

Clayton Farnworth.

The Pound Japanese Yen.

Good afternoon Dynamic Traders,

Yesterdays chart did break north in conjunction with the false bar for a possible 130 pips, so well done if you got some of these, but now has retraced after rising to the figure and higher resistance.

Todays chart is again of the smaller timeframe because as mentioned last week I shall be without power tomorrow and therefore only want to trade intra-day if possible so I can manage my positions, and as such there will be no posts tomorrow.

The chart today is of the GBPJPY on the 4 hour timescale.

AdvancedGet is currently showing a possible wave4 complete and a wave 5 in progress, with XTL showing strength to the downside.
Also AdvancedGet Stochastics is heading down with the last false bar in the OS area.
As far as patterns are concerned, there is a possible H&S forming with previous resistance just below at the figure.

Other confluences are available for you to find, and so as always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Have fun.

Clayton Farnworth.

The Pound Japanese Yen.

Good morning Dynamic Traders,

Today I am looking at the possibility of a DT formation on the Pound Japanese Yen cross for a possible shorting opportunity or continuation.

The daily timeframe chart has been hanging around the V.I. for several days contemplating its next move.

If you take a look at the image below of the four hour timescale, it is showing features of the DT scenario and so I shall await confirmation of this to trade to the downside or otherwise I shall await the BOB and trade accordingly with ESLT.

If the DT should happen wait till you get all your confluences and perhaps look to the daily and weekly tools of the same for a confluence around the higher figure.

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

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

GBPJPY

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY : Day Chart (Posted Below)

Sorry for no blog on Thursday, I had to shoot to Perth, Scotland for a press conference on Friday morning with respect to a old colleague of mine who intends to row unaided from New York back to UK. What a challenge, not knowing what will be thrown at you from Mother nature. Having to deal with the unexpected, making correct decisions whilst operating under tiredness and stress.

Not to dissimilar to trading the Forex, however we are not asked to put our life on the line.

As short as the week has been we have been following the GBPJPY and both Thursday and Friday we were presented with RED candles and RN has provided resistance.

For those of you who swing trade this cross should be kept on your list as the day chart below shows the squeeze coning to the point of break out soon.

Have a great week end and will speak to you soon.

Blogger is not allowing me to upload the charts, please refer to your "Day" Chart regards the above analysis, thank you.

Pound Yen

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY : 240 Chart (Posted Below)

For those that follow the blog and "Swing Trade" you will still be in the trade, as today price fell over 100 pips before recovering and gaining 200 pips. With short term divergence, RSI struggling to break 65 and stochastic s in OB territory and we have the RN immediate above us which may again be tested before we see a reversal. The trend line drawn is also under pressure from price as I write and a BOB could provide us an opportunity in a short term trade.
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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

Good Evening / Morning Dynamic Traders

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

Cross = GBPJPY : DAY Chart (Posted Below)

New week, New cross. I hope you all enjoyed some quality time at the week end away from the markets. All work and no play makes Jack a sad man ! It is trading that presents us the opportunity to make a better life.

Lets look back at the larger time frames to see where the "Force" is coming from, do your own analysis.

First the monthly chart, a reversal candle in Feb 09 has given us a change in trend to the upside and looks like we will claw back some of that large fall over the six months since August 2008. We have RSI and Stochastic s supporting this.

The weekly chart gives the same picture and Support / Resistance lines can be drawn on the current up trend showing the trading band.

The day chart is shown below, The support / resistance lines are drawn on the chart and price has stayed with in this range testing both support and resistance on two occasions. The elipse has been surpassed and price bouncing off support did not quite make the resistance line presenting us a doji top. A further resistance line drawn from 24/09/08 high and through our doji top, seems to have capped price and is squeezing it towards support.

Will we get a break out and complete a wave 5 ?

Even though this move is bearish, it fits in the larger picture of bouncing between Support & Resistance, revisit your weekly chart to check.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
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Pound Yen

Good evening Dynamic Traders,

Spoilt for choice tonight with all the formations on the dailys.

Tonights chart I am going to keep a close eye on for tomorrow is the GBPJPY. Todays candle formation is a good gravestone doji which fell to a good figure, but as you can see, previous support was breached yesterday with a BOB and depending on your stance could have triggered a short today but if managed well would have given very nice profits. However with todays price action ,I am waiting for some form of reversal, with clues coming from my confluences, but as it stands, we are at yet another good figure. The lower timeframe has a tram track formation, and short term convergence, with an OS Stochastic. Plan your entry well as we are heavily against the trend.

As always, please do a complete analysis for yourself before entering any trades.

Charts courtesy of TradeStation.

Enjoy your trading,

Clayton Farnworth.

What do I NOT see ?

Courtesy of Advanced Get

John Maher
Forex Analyst

Week Ahead

Courtesy Advanced Get

I forget to mention, a warm welcome to Clayton who joined the "Blog team" tonight. Thank you for your company in the weeks ahead.

Ask yourself the question "What do I NOT see ?"

John Maher
Forex Analyst

GBPJPY

Good Morning Dynamic Traders,

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

This is my 1st post of what I hope many over the weeks to come. Thank you to Javid & Anne for giving me the opportunity to progress in my trading, by becoming accountable to you my fellow traders.

Below is the Daily chart of the GBPJPY

Points to note:

1. The MA's are nicely stacked up in a downward trend formation
2. This cross usually pulls back to the 20 day MA
3. We have recently had a double bottom
4. We have a round number of 140.00
5. We also have MACD convergence

With these points in mind, even though we are going against the trend, a pullback is likely towards the 20MA.

Source: Advanced Get

Bag your pips !

John Maher