Cross = EUR Daily below  (Courtesy of Advanced Get / E Signal)

Hope you all enjoyed the weather over the week end. Today was a holiday across the pond so volumes have been low and we enter 2 short weeks, with Non Farm Payroll on Friday and the Jubilee celebrations in UK next Monday and Tuesday.

I had spotted this on the Eur and thought I would share it with you as soon as I could.

We all know the doom and gloom in the news regards the state of the Euro, as chartists do we really care ? they say it is already in the charts, so lets see the daily chart.

We have seen a “Head & Shoulders” pattern complete, with a double top as the “Head”. We have a weak lookin doji showing for today, (Candle not complete as I write) and it spiked Support acting as Resistance. If we break the low tomorrow we will have further wekness and look to add to our Short positions.

If there is something you really want to do, make your plan to do it. Otherwise, you’ll just regret it forever.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

For training goto http://www.thedynamictrader.info/forms/J9JDM/

Trade with Passion

John Maher
Forex Analyst

Cross = GBP Daily & Weekly below  (Courtesy of Advanced Get / E Signal)

The weather has been fantastic over recent days and I do believe it may be the arrival our overdue trends. It is always great to find you have had a profit throughout the day and many of you will be recording record pip counts over this last couple of weeks. What is the most pips you have had in a MONTH ? Can you get that again in a WEEK ? when you do can you get the same in a DAY ?

Time stands still for no man and at this time of the year, it is with some sadness I remember the guys we left behind during the Falklands War in 1982, Guys R.I.P. Always remembered. Where did those 30yrs go ?

We looked at the GBP a couple of blogs ago and we had made a profit as the cross showed a Bullish move, most of us got stopped out as the pullback started as a text book flag and we awaited a signal to add to our positions. The signal never came and after a brief pause it continued to show Bearish, which in turn stopped everybody out of their positions.

Lets look at the WEEKLY Chart

It is easy to see Price being squeezed between the WVI and the drawn Support line. We recently saw a false breakout above the WVI and price has now returned below. What will happen when we reach Support ? A Breakout ? Which way ?

Lets look at the Daily Chart

On this chart you also see Price between the DVI and the drawn Support line. After hitting Support, Price makes a neat Bullish move to the DVI and then consolidates (Yellow Box) During this period the DVI is tested on occassion before making a Breakout above the DVI. This is where many made a profit before being stopped out on the pullback which has continued back below the DVI and may keep going until Support is reached.

This all said, on reaching Support we will have a Higher Low and in turn could send Price back into another Bullish move. 

Have you got room to reach target before Price reaches Support, if not you would be better waiting to see Price make its next move, so stand aside and enjoy the weather.

If there is something you really want to do, make your plan to do it. Otherwise, you’ll just regret it forever.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

For training goto http://www.thedynamictrader.info/forms/J9JDM/

Trade with Passion

John Maher
Forex Analyst

Cross = GBPSEK Daily below  (Courtesy of Advanced Get / E Signal)

I spent an hour last night writing a blog, only for it to dissapear in the cloud somewhere, when i pressed save & publish. Interestingly, now 24hrs later what has happened.

I had said that we all enjoyed good profits during Mondays trading and that we should not be too surprised if today we saw profit taking and a possible pullback. When I awoke this morning that was certainly the case, however be early evening things had turned around and we were seeing another 2/3’s of yesterdays profits.

It is very important that we manage these trades as per your trading plan and not cut corners or become greedy. If i had moved my stops too close to yesterdays price, I would have been stopped out of certain trades that eventually turned around and produced further gains.

Followers of the recent blogs will be in profit if you followed and took the recent trades.

GBPSEK     15,000+

GBPAUD     900+

EURGBP     600+

AUDUSD     700+

GBPCHF     400+

USDNOK     3,000+

EURUSD     400+

USDDKK     1,750+

All in all over 22,000 pips in play.

Most of the above trades have multiple positions and are risk free and all has been achieved using one of our “Breakout” strategies.

My next layer of trades that have just triggered or are about to, are the JPY crosses, these have yet to establish and make there breakouts. EURJPY, CHFJPY, CADJPY, NZDJPY, AUDJPY, SGDJPY. Check your Day charts and see which you favour for a breakout.

Can GBPSEK reach 13.000 ? lets look at the WEEKLY chart.

Have we had a breakout ?

Will previous “Resistance” prove too much ?

Has the “Trend” changed ?

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

For training goto http://www.thedynamictrader.info/forms/J9JDM/

Trade with Passion

John Maher
Forex Analyst

Cross = NOR Daily below  (Courtesy of Advanced Get / E Signal)

I hope you had a great Bank holiday weekend and took some time out. I attended a yearly reunion and caught up with some Army pals for a drink or 2 and told lots of stories. 30yrs ago we were somewhere towards the Falklands on a ship in the South Antlantic, having been sent due to our Arctic training in Norway each year. Norway is a fantastic country so clean and friendly and they get snow in abundance. Most people think of sking as downhill, well it can be as exciting going up the hills and cross country, this is called “Langlauf”.

As I mentioned before, we are begginning to see some Breakouts, (About time I hear you say) This morning I was triggered Long into the NOR.

NOR Daily

The Trend, Support, Squeeze are Bullish and Price has Broke out, however Uncle Bob’s Cat has been meowing for some time and may want a rest. We saw Price break out of the squeeze and then out of a previous Resistance. We had a signal 3 days ago, yet the fruit has not yet rippened to the colour we like. It could be aggressive and the candles a little wicky, however the COE are stacked in our favour. Those conservative amongst you will await confirmation of Breakout and then a pullback before entering. Beware your target is met prior to RN 6.0000.

The market has been kind in reward of our patience of late and our GBP crosses have smiled.

EURGBP     300+

GBPAUD     700+

GBPCHF     150+

GBPSEK     4,000+

GBPUSD     50+

Did you read and act on the last blog ?

Good luck is what happens when preparation meets opportunity, bad luck is what happens when lack of preparation meets a challenge.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

For training goto http://www.thedynamictrader.info/forms/J9JDM/

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com

Cross = GBP Daily below  (Courtesy of Advanced Get / E Signal)

Monday came and went on a day when not as many people who should, celebrated St Georges Day. The National day of England normally gets passed over by the quite English who wonder what ball the fuss is about on St Patricks Day or Independance Day ????.

It is coincidental that the GBP has been showing signs of strength of late and may well be on your watch list. I am already risk free and with profit with my GBP Long and am now looking to add to my trade, will we see more strength and maybe a BOB ?

GBP Daily

I hope there is not too much clutter on the above chart, remembering Price is our No 1 indicator. Price has just broken the Support/Resistance line on the chart, why is a key area. Price is also above the DVI.

I have also drawn a box on the chart to show the recent “Consolidation” area we have been stuck in since last September and you will see that price may have made its move.

I too have shown the recent “Trading” range that we have been in since mid December.

If you add to this, Price above WVI & DVI, Uncle Bob’s cat has winked twice, Medium & Long Term bias is Bullish, we are building a strong COE.

My only resivation is recent weakness in momentum, which may well be normal after the recent move up since the 16/4 and this could be our opportunity to enter the trade.

Having looked at my basket i see plenty of the GBP fruit and must be careful not too over fill with the same produce.

A fanatic is one who can’t change his mind and won’t change the subject.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

For training goto http://www.thedynamictrader.info/forms/J9JDM/

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com

Cross = NZDCHF Daily below  (Courtesy of Advanced Get / E Signal)

With so many to choose from, which strategy do you favour ? Do you chop and change or do you find your niche and learn it inside out ?

A recent poll we carried out on our members showed the majority of money made on a strategy was with “Breakouts” When I was told this I chose to stop jumping from one sttategy to another and then back again. I decided to clear my charts and refocus on “Breakouts & Pullbacks”

Dynamic Trader Members will have seen how, where and when a “Breakout” works and will have relevant tools in their lockers to try and avoid a “False Breakout”

Think of it this way, if you keep the top on a tube of toothpaste and roll the tube up from the bottom, the time will come when you will get a “Breakout” at its weakest point. The “Breakout” will normally happen with some force and you will be left with toothpaste everywhere.

With Price being our number 1 indicator, all charts will have “Support & Resistance” as Price consolidates, and when Price breaks these areas we have a “Breakout”. Even if you miss the initial “Breakout”,  Price normally pulls back before continuing its journey.

Lets look at a possible target, first on the Weekly Chart and then the Daily.

NZDCHF Weekly

The trend is down and Price has popped its head above the WVI. We have Resistance above from the last time Price played with the WVI. The more Conservative ones would wait for price to pass below the WVI and then look for a Short Entry. Is their room to hit your target before price hits the WVI or the RN ? Lets look at the Daily chart for a closer look.

NZDCHF Daily

Shorter term we can see that Price is currently above the DVI, but might be looking for the comfort of the DVI as it has not been near it for some time. I have drawn a weekly trend line on the chart and you will see that Price has fallen below this long term trend line. At the same time I have drawn a “Support” line and at current, Price is deciding whether or not to move below. If this happens we have plenty of space to hit our target before the DVI and the RN is even further below. I would look to use your Dynamic Trader Toolkit on previous Support to determine your entry and confirm Target will be hit prior to any future support. With your trigger set, relax, sit back and enjoy your day.

Genius is the ability to put into effect what is in your mind.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

For training goto http://www.thedynamictrader.info/forms/J9JDM/

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com

Cross = AUDNZD Daily below  (Courtesy of Advanced Get / E Signal)

So much can change when you have some time out. Those of you who are members will be experiencing another level of support with the TTMV and new look “Trend Analysis”, which covers Breakouts, Trends ST,MT & LT, Pullbacks and Expected Ranges. Together with the new Facebook page and Twitter updates, you really do have the tools to trade with the SMART money and be in the 5%.

Those of you who want to join as a member or consider being trained “The Dynamic Trader” way, please click on this link. Give me more information

I have been laid up the last 4 weeks, in hospital for a week having my ankle reset and taking numerous tablets. I am in plaster but off the tablets so am looking to get back with my regular updates.

One trade I have been in and am risk free is the AUDNZD, so i thought it would be a good one to start with. I recently added to the position, yet price has pulled back at present. The trade has been written about and discussed recently and there was a possibility we may have seen a change of TREND.

If we look at the bigger picture with the WEEKLY Chart.

Price has been crossing the WVI and is currently below giving us a Bearish outlook. If we were to get a close above the WVI then we would have to assume a change in our bias. It is normal for price to pass below Support and pullback to use Support as resistance. Lets watch for confirmation at this critical time. If we get a move down then those consevative amongst you will await a break of the recent low before entry.

Lets look at the Daily Chart

The DVI is further away from price compared to the WVI and you will see I drew a common dogleg looking line in the centre of the chart. It is common for price to move in this manner.

Price has after deliberating, moved down before pulling back and yesterday provided an interesting candle called a “Gravestone Doji”. This is a reversal sign and could indicate the start to the 3rd leg of our dogleg diagram.

If it is then those consevative will await the break of our recent low before entry.

With the candles looking quite “wickey” we must wait for the day to finish and review then.

Below is the video alerting the initial trade opportunity. You can also get your FREE Trend Trading mentoring by filling out the details below the video.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.
Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst