EUR GBP we thank you for a loving week!

Good evening ladies and gentlemen

I hope you all had a fruitful day filled with mangoes, strawberries, lychees and anything else exotic all bursting with love. The weekend is here (YES YES YESSSS), but no trading for 2 days (NO NO NOOOO)!! The SM amongst us will take this "breather level" to reflect over their wins and particluar their losses as you know ultimaltely who is accountable!!!!

So how did our love giving breathing living oragnism of a friend the EURGBP behave to day. We ended the day with a smallish bearish spinning top which spiked below the R line but found comfort and closed above at the final whistle! MACD is still looking good but RSI is pointing downwards and Stochastics is well in the OB zone! Are we at a reversal level or will this beauty recharge over the weekend and fire up? Who know what next week holds but the SM as always will be ready and waiting for their opportunities for love taking!

So below is the 1 hour chart to show us how the day panned out! DJ Derek Divergence was present as always, Round Number Ronnie was present and so was Breather Level Betty! SM entry would have yielded a nice final bagful of "long" love taking before the play was called to a halt!

Just wana say thank you to fellow JMA Richard for his updates! The answer to his riddle come from latin and is "He who dares, wins"!

My riddle for the weekend is what does the phrase "Carpe diem" and which film made it famous?

Hope you all have a wonderful weekend and remember what you have to say on Monday morning!!! "I love _________!!" Say it loud, say it clear and say it like you mean it!!!!

Abundance is your birth right

Zaheer Anwari

GBP, Go on Son!!!

Morning Dynamic Traders.

What a day the pound had yesterday!! Just when it looked like it was on the down, it brings out one last fight for the end of the week.
As always, let’s have a look at what happened.

From the hour chart below you can see that price came down to a previous support, which just so happens to be the same support that ended our huge fall on Monday. Price then had a little breather and climbed to a previous resistance line and hit a Fib breather level at the same time. This helps to explain the big drop over the hour. This drop finds help at a RN which is also at a support and a Fib reversal area, price rockets up and tags the Value Index. At this point price needed some more time to chill-axe, until she hit a Fib breather level and wanted some more action and climbed further acting like it didn’t even see the Value Index.














Those of you with a keen eye would also see that price is currently hovering at a strong resistance line that helped to make our head n shoulder pattern, near a RN. What do you think price will do? I look forward to find out and reporting back to you all on Monday.

Hope you all have a good weekend.
Happy Trading

Richard

We understand! EUR GBP to be tired!

Good evening ladies and gentlemen

I hope you had an inspirational day in the market and managed to get the love you deserve. Yes you are all beautiful people ...... in your own way.......

I'd like to start this update by thanking our Mentor for the sound advice he has given us on his own updates on our sister websites. As a Day Walker, I look for small and regular. Everything else is a bonus! Also to keep our minds fresh, my cousin Imran and I break up our day with working out consistently, Pro Evolution Soccer on the PS2 and treating ourselves to a nice meal or a night out or a mini shopping spree at the weekend! We learnt that sitting and staring at the computer all day everyday is counter productive on many levels!!

So lets see how the gorgoeus EURGBP behaved today. From Friday last week we have had plenty of opportunites for love taking but she seems to have temporarily run out of steam with a small wicked doji at the end of play. We are still above the R line that was broken yesterday and MACD is looking strong but what bout RSI and any of your other indicators of choice? What will happen who knows! Will she want to find comfort round the previous STRONG RN? Will she recharge and bounce up? Only time will tell! Smart Money will be ready what ever happens!

There was little movement which meant opportunites for us Day Walkers!! I have chosen the 1 hour chart to put under the microscope today. The Smart Money amongst us would have jumped into the party with DJ Derek Divergence, RN Ronnie and new gang member Drummer DT. A strategically placed stop would also have helped! Some may have chosen to go short earlier in the day if you confluences were there!!!

With regards to the Riddle, JMA is back on form and was indeed said by Christopher Morley. Well done to those who got it! The answer to your riddle, Sir, was said by an American Opera singer from the 1920s called Beverley Sills and is "You may be disappointed if you fail, but you are doomed if you don't try!"

My riddle for today is by a well known author to many of us Traders but is good to be reminded:

"The starting point of all achievement is ______!"

Answers tomorrow

Abundance is your Birth Right

Zaheer Anwari

GBP having a breather!!

Morning Dynamic Traders

Hope you all having a good week so far.

My update on day one of following the pound I said that it should have been on your watch list as it has been offering us lots of profit. In fact all week the pound has been offering us pips to steal, but this is very much dependant on what kind of trader you are. Like my fellow JMA Zaheer I am also a day trader. For the more short term traders out there who prefer to scalpel, this week could have been very profitable. Allow me to demonstrate why.

I said yesterday that price could be having a breather, well that’s exactly what price has been doing, and explains perfectly the behaviour of price so far and is also the method for making money this week.

In the hour chart below I marked out where price has hit a breather level 3 times. You can see that after our big drop on Monday price then climbed to the first breather level and then dropped again. The drop in price took 4 hours, before it climbed again to another breather level, which then dropped over a period of 3 hours. Price was then climbing through Thursday, and very early this morning before dropping again, which again took only 3 hours (but remember it could drop some more today).














Don’t feel too disheartened if you missed all those pips, because it could have been quite stressful, and you would have to be at your computer at exactly the right time. You would also have to of been very aggressive with your entry and your stops. What we can take away from this is an understanding of where price could be going, so that we can get ready for next time, and hopefully you might be able to see similar setups on larger time frames on different charts.

Happy Trading

Richard

EUR GBP to keep going or are you?

Good evening ladies and gentlemen

I'd like to start the day by wishing JM John's friend all the best and my thoughts are with them. It makes me realise how insignificant the pulled muscle in my thigh is which has prevented me from playing football for the last 2 weeks.

I also just wanted to clarify one thing from yesterdays update. As some of you know I am very much a Day Walker as oppose to a swing trader. There for I manage my trades differently. There was a whopping 100 pips up for grabs which was not a "small" profit as I mentioned yesterday. I was still in this trade from Monday and I managed to take some of the 100 pips at the beginning of play yesterday but tightened my stops at the emergence of a 123886 with a Divergence on MACD. However, I eventually got stopped out and if I had chosen to go back in at the Smart Money time, I would have made a "small" profit.

I hope you all managed to get your fair share of loving today. No Dumb Money moves made by me today so you can stop calling me that now!! Yeah you at the back!! STOP IT!!

So lets see what our beautiful and loving friend, the EURGBP did for us today. The R Line was broken today as we were hoping but ended the day with the emergence of a small doji. Is MACD Converging or Diverging? Is RSI still looking good? What affect would this have on our love taking tomorrow?





Lets have a look at the 5 minute chart to have a clearer indication of the state of play today. There was a period of oscillation through the night and the first part of the day before our friend Breaker BOB decided to make an appearance. The smart money would have used the appropriate love taking tool to enter and then manage accordingly. Our friends DJ Derek Divergence, Round Number Ronnie and Body Popper 123886 chose to come out and play later in the day but were they welcome or a hindrance to play? The smart money would have managed accordingly and may even have hung out with the trouble makers!!




It will be very interesting to see what will happen tomorrow! The Smart Money will be ready and waiting for action!

With regards to my riddle, I was wondering if there was nothing Richard knew!! I was particularly impressed with Monday's answer my fellow JMA! The answer to yesterday's riddle is "Standing aside is also a position!" Well done to those who got it.

The answer to your riddle is........
"Success is not final, failure is not fatal, it is the courage to continue that counts" and I believe was said by Sir Winston Chuchill!

Today's riddle was said by an American Author:
"There is only one ______ - to be able to _____ your life your own way!"

Abundance is your Birth Right

Zaheer Anwari

Did you see the pattern?

Morning Dynamic Traders

The second day on the GBP closed only 27 pips below from where it opened and this morning doesn’t seem to be moving much either, but only time can tell.

Let’s find out why there was little movement yesterday.

To help us find out why there was little movement, we need to answer my question from yesterday first. The answer I was looking for was a Head n Shoulder pattern. I have marked out the pattern on the chart below.














It was this pattern that gave the signal for the big drop in price, and was the tool to use to capitalise on all those fallen pips. It’s times like this which is why my fellow JMA Zaheer uses the term “Love Taking”. The GBP was offering a lot of love with an easy setup.
The pattern also gave us a rough estimate of where price would be heading. This is the reason why price didn’t move much yesterday, because it had already fallen a lot. This isn’t to say that it won’t drop some more, price could be just having a breather, which is why we need to be patient.

Annoyingly I can’t think of the answer for the riddle. So looking forward to tomorrow to see what the GBP has done today and see if we have another opportunity for another trade, and to find out the answer.

Happy Trading

Richard

EUR GBP to need a rest after yesterday.....

Good evening ladies and gentlemen

I'd like to start off by sayin' great choice Richard. It's all 'bout the eggs, soldiers, beans on toast although a nice cuppa is a rare occasion for me! I'm more of a green and oolong man! Proud to be British and if we play our cards right I'm sure the GBP will love us back! Keep watching guys!!

Today I had an indifferent day. I got stopped out of a couple of trades and made a small loss! After several winning trades this was a drop back down to Earth as now looking back I made several dumb money errors. However, I am grateful for my experience! One I am able to understand well where I went wrong as I have been taught well by The Precious! Two it taught me that I am still a Jedi Master Apprentice and have someway to go before I can have the title of just JM! I can not let my guard drop for one moment and have to be accountable for every trade! I failed to answer the question JM John asked 2 days ago! What do I NOT see? Please refer to me as Dumb Money for the rest of the day! I deserve it! However, I know I will never make these mistakes again!

So down to business. I am going to stick with the EURGBP. After plenty of love taking yesterday, we went into a period of consolidation today! Smart Money will know that this is natural behaviour. Not much was on offer apart from a small profit if you chose to take it! We can see from the daily chart that today's bar was being held by a previous R line! However, will this be a broken in the near future and become a S line?! Only time will tell!!

Below is the 15 minute chart which will give us a clearer indiaction of todays movement. I think after plenty of love giving yesterday, maybe she needed a day of recharge before....!!??

What will happen tomorrow who knows but with the right choice of love taking tools at the ready, the Smart Money will be on alert to take what's theirs!

The answer to yesterdays riddle was from the song "Loose yourself" by Eminem.

"Success is my only option, failure's not!" Well done to Richard and the rest of you who got it!

Todays riddle was said to me by The Precious when I first started trading and is very much relevant to todays update:

"_______ ________ is a position!"

Answers tomorrow

Abundance is your Birth Right

Zaheer Anwari

New Week New Currency

Morning Dynamic Traders.

This week I have decided to keep it British and follow the GBP.

The GBPUSD should have been on your watch list since way before Christmas, in fact since last Summer as it has been offering chance after chance to make some easy pip profit.

Over the week I will explain the current movements and I will also demonstrate how you could have been making those profits, if you haven’t already.

I’m going to kick off with the events from Monday , below is the hour chart. Straight away you can see that it was a whole day of price falling. I have marked on the chart where Monday is and highlighted the obvious fall in price.

I would normally now show you how you could have made the profit from the fall in price. Rather than just give you the answer, I’m going to ask if you can see how you could have made those profits. My question is this:

What chart pattern is singing at us from the hour chart before the fall in price?

Answers tomorrow please!!

Happy Trading,

Richard Monnery

EUR GBP to be a beauty.... and she was!

Good evening ladies and gentlemen

I hope you all had a wonderful weekend and are ready and recharged for another exciting week of love taking. How many times have you ever jumped out of bed and said to yourself "I just LURV Mondays!!" If you haven't, you know what you have to do!!


If you have been reading the Jedi Master's updates on the sister fxcps websites the EURGBP was definately one you should have had on your watch list! And boy was she generous today! I took a nice sackful of pips and am still in it! Well done to everyone who managed to get their fair share of hugs and kisses. So lets check this out.


After coming into a squeeze on the daily as outlined by the Jedi Masters, there was a brake out (on a couple of smart money levels if you know bout RNs and S and R lines) and we were awarded with a nice big green bar of opportunity. For swing traders, the ESLT barrel might need a clean and a polish before being unleashed at the right time.









So where and why did I feel was the right time to get my share of loving today? For a change, our trusty friends DJ Derek Divergence and Body Popper 123886 were absent and probably chose to have a lie in after a heavy weekend. However, Breaker BOB was wide eyed and alert. Below is the 15 minute chart which I went in on:






As I said I am still in this and have locked in a fair amount of pips yet still letting my trade run. Good management is also key to being a great trader. Hopefully, this continues to give out loving tomorrow but who knows what the future holds! Remember the market is always right and always do your own analysis!

The Loonie updates from my fellow JMA were great and helped me out a lot last week! Thank you! He was also correct with the answer to the riddle which was said by Sir Winston Churchill:
"Success consists of going from failure to failure without loss of enthusiam" which I think is very fitting for us traders!! This hits the nail on the head for my journey to now in the market!!

Todays riddle is a line taken from a song written by a modern day rapper (edited of course!!):
"______ is my only option, _______'s not"
Answers tomorrow

Abundance is your Birth Right

Zaheer Anwari

Round up on the Loonie

Morning Dynamic Traders.

I would like to begin this morning with congratulating Saba for reaching her Milestone. I have been meaning to pass on congrates all week, but ended up getting carried away with my update and answering riddles. So well done Saba!

I hope you all had a good weekend and ready for another week of money making.

Today I am going to conclude the week of following the Loonie. I hope my last update helped you all to see ways of trading the Loonie last week, and I hope you are able to use it and put into practice on future trades.

The Loonie had an interesting week. We saw start in a bullish manner and then weaken halfway through the week and then ending with another bullish attack. We had a few opportunities to make money also, but the fun hasn’t ended yet. I’m going to sign off the Loonie with a question that I will revisit in a couple of weeks.

Question “What will the Loonie do next?”

Here is some food for thought.

Below is a daily chart. I have highlighted some important facts that might help answer the question.














The divergence, resistance line and RN are 3 very important facts of where price could be going. There are other signals see if you can spot them?

Keep in mind that the Loonie is still offering pips to catch, and once its decided where it wants to go, a lot of money will be available!

Happy Trading

Richard Monnery