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The Dynamic Trader Forex Blog

Thursday, 25 February 2010

Swiss Roll CHF

Good Evening / Morning Dynamic Traders

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

Cross = USDCHF : Day chart below.

Hi guys, what a day yesterday ! I checked my trades in the morning and had a conference call with Javid, I then left for some important meetings regards some business I am involved in and never got to check my charts till 8pm. My emotions completely took over when for some unknown reason all my 17 positions had been closed.

After regaining my usual calmness over things, it emerged there had been a "bad tick" in the FXCM system and 0,000 of accounts had been effected. All trades were restored to their original positions and a gain recorded on what looked like a disaster.

This morning the market continues to hand out more pips and again I want to share with you one of the other trades I currently hold, the USDCHF can be seen below on the DAY chart. With trend trading it is a little like being on an ocean liner and not a speedboat. Things turn gradualy and you will get there eventually, however their fuel will last longer in the long run. Since this trade triggered it has yet to return to its upward direction.












You will notice that the downtrend met support at the major number 1.0000, before moving up and breaking through the VI. Was this a false BOB ? Price pulled back and has since recorded higher highs. Using our tools from the trading room, ESLT has provided a couple of entry options. We still have stregth in the move as indicated by the stochastics false reading bar. One point to remember and watch is we are currently around a fib breather level and price could retreat back to the RN or continue higher.

Have I entered premeturly ?

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
TwitterCounter for @j9jdm





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Sunday, 4 October 2009

The Swiss Franc.

Good afternoon Dynamic Traders,

Todays chart of the USDCHF on a daily timeframe, should be kept on your watchlist with a close eye.

As you will know this chart has been trending downwards for some time now and recently found support at a former R/S level and figure area, where it bounced back up to another '00' figure area, which also had price action in a breather level zone at that point.

At present price is coming into a squeeze area with the trendline and R/S line, and with the trend being down, a possible break south could be on the cards which is strengthened with some confluences to be seen on the chart and others that you could find yourselves whilst doing your own analysis, leaving just the entry to be worked out.

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
















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

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Monday, 30 March 2009

The Swiss Franc.

Good afternoon Dynamic Traders,

Todays chart on the four hour timeframe, is of the USDCHF.

At present it stands in a shorter term downtrend and therefore I am looking to see if a possible short entry can be taken.

Currently it has hit the lower fibonacci breather level of the previous big move and the V.I. and a former R/S zone.

There is also a slight shorter term divergence on one of our indicators together with an extremely OB Stochastic.

As you should also notice from the image below, the price action is standing in close proximity to a good RN.

Should this break north we do have another resistance area about 200 pips up, but for now see if we get confirmation to the downside.

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















Charts courtesy of TradeStation.

Enjoy your trading.

Clayton Farnworth.

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Sunday, 30 November 2008

Swissy Analysis

Good Evening Dynamic Traders,

Firstly , I would like to take this opportunity to thank Javid and Anne for all the hard effort they have put in , in my apprenticship in Forex Trading with one to one tuition and webinar training - thank-you guys , and also to thank Ash for his valuable work together with Jagir, Saba , Bijal and John , for their great updates .

To start off my updates , I thought I would show you a favorite currency pair of mine, the USDCHF .

As I write this , it may be ready for a possible entry tomorrow morning , as it stands with several confluence of events that you will easily recognise as Dynamic Traders , working back from the Weekly timeframe . Not only has it got the 'classic' confluence of events from the webinars , but also it has the Elipse and an OB Stochastic with no false bar.

However, as always, please do your own analysis before entering a trade and wait for your set ups to confirm .


Advanced Get USDCHF Chart













Hoping you have a profitable trading week.

Clayton Farnworth.

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Monday, 17 November 2008

Short Swissy

Hello forex traders.

I hope you are all looking forward to another week of currency trading. We have been at a personal development seminar this weekend and now away until Thursday for a short break.

From tomorrow John Maher will be updating this site and soon after we will have Clay and Kalam updating here too.

I alerted all my Twitter followers for s short on USDCHF and it has made more than the average daily wage in profits in only a few hours so I hope you all managed to take a piece of the pie. Currently the trade is being managed.

Read Bijal's forex update.

Below are some links associated with us for your reference.

FXCPS.co.uk
FXCPS.com
DynamicTraderBlog.com

Follow Anne on Twitter
Follow Javid on Twitter

Good trading...

Javid Shaik
Forex Analyst

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