EUR had a grand week... we thank you!!!

Good afternoon ladies and gentlemen

My update is going up a little bit earlier than usual as I have an early dinner meeting I have to attend. The Market has been extremely volatile this week and so I hope you all traded with caution but managed to take some profits none the less!!!



So the final look at our girl, the EURUSD for the week. So far it seems that she is being held by the VI on the daily and has so far produced a small bearish spinning top today. MACD is still going strong and Stochastics is still very much OB!! So what for next week? With the activity of this week, anything can happen and we know that the market is always right! As SM all we can do is stay prepared and unleash the cavalry at the right moment! Will she carry on North through the VI or is it a FBO above the breather level and is today's indecision candle a sign of a reversal? Only time will tell!!



Below is the 1 hour chart to show today's activity so far. The close of play yesterday was at a RN which was tested again at a perfect time this morning for an entry to go short. Gang member's DJ Derek Divergence and Body Popper 123886 were present. What did RSI do? Good management would have spotted the breather level to lock in maximum profits. I am guessing that we will end play at around the confort of the same RN!








Once again I would like to thank my fellow JMA Richard for an excellent week of updates! Keep them coming sir! I will leave your riddle to be contemplated over for the weekend! Excellent one from yesterday! Quite proud of my attempt! May have coined a new phrase!!

I agree with what you said about my philiosopy!! Perfect for trading! It just can't be anything else!! And my answer from yesterday is "A winner never quits"! I will look at the failure for you to post an answer as an oversight on your behalf!! Even JMA forget occasionally!!!!

My riddle for the weekend is "The ____ and ____ victory is to conquer self!"

Please all have a wonderful weekend and let's hope the weather holds strong!! But what ever the skies look like on Monday morning, it is always a beautiful day!!!!!

Abundance is your Birth Right

Zaheer Anwari

Does the GBP have the legs??

Good Morning Dynamic Traders

I signed off yesterday’s update asking what will price do during the course of Thursday and would price struggle at the second trend line?
The GBP couldn’t have given us clearer answers.
From the day chart below you can quite clearly see that price crashed through the trend laughing at it as it went pass.

You might also have noticed today’s green bar. As I have been typing this update the bar has actually got a little weaker. Why? I hear you ask!

If you have a butchers at the hour chart below you will find your answer. You will see that price increased all the way to a RN, which also happens to be at a previous resistance line. Price then started to fall, but as you can see price didn’t really want to as it took 15 hours to perform the drop. Price then found strength at a support area which is also at a Fib breather level. Price was then propelled straight back to the previous resistant line where it once again seemed to be struggling.
















I am looking forward to finding out what happens today as price is currently dropping, but it isn’t too far away from another Fib breather level. So will price reach the breather level and then climb again, or will it fall back down. Find out on Monday’s update.

Hope you all have a great weekend

Happy Trading

Richard Monnery

EUR kept on going... but for how much longer??

Good evening ladies and gentlemen

I hope you all had a wonderful and more importantly a profitable day in the market!

I just wanted to reitterate what Jedi Master Bijal said on our sister website. I do not trade the news and am aware at the beginning of the day what news is coming out and at what time and make my decisions accordingly. If I am already in a trade, I move stops tighter. Yesterday, it beautifully went in my favour and I am not complaining!! I joyfully moved my stops along as a kid enjoying his cola bottles savouring that famous tanginess on the tongue!

So down to todays play!! The EURUSD had still plenty in her today, handing out over 300 pips!! It has broken through the breather level but is now approaching the VI!! With Stochastics still well OB but MACD still showing strength, what will the market have in store for us tomorrow??!! All I know is that the SM will polish their arsenal of filters and keep them ready and waiting to be unleashed when the time arises!!!

As always below is 15 minute. Here are some questions I have for you:

1. Was there an opportunity to go short with the emergence of our friend DJ Derek Diveregence? Were any of the other gang members there? Or was it a better stance to wait giving the oscillating nature of the trend and the time??

2. Where would the smart money have gone long?

3. If you chose to go long, with the emergence of DJ Derek Divergence again where would you have moved your stops to lock in maximum profits?

Notice RN Ronnie at the end of play!!!

I know Richard! I was rather upset you didn't leave me one! The answer to my riddle is "Believe and I must make it happen"!! This is my phiolosophy to trading!!

Your riddle is a good one and this is a complete stab in the dark as I don't have a clue! I am going to say "Failure is the price you pay for greed!"

My riddle is easy and one to give you all momentum into the last day of the week:

" A winner ____ _____"!!

Abundance is your Birth Right

Zaheer Anwari

Watch out, look at the GBP!!!

Morning Dynamic Traders

Yesterday the pound took me by surprise. I was expecting the pound to fall some more, but if you had been watching it you would have seen it completely turned around and then climbed an amazing amount.

In my update yesterday I said that if you had missed the aggressive entry to go short, you still had time for the conservative entry. In this case being conservative would have paid off, because you didn’t have the opportunity to go short as price didn’t hit the entry mark.
If you had taken an aggressive approach, would have lost money depending on how you managed the trade.

From the daily chart below you can see where price didn’t fail at the resistant trend line and in fact, dominated it. You can also see how far price did drop, before the huge climb. On the chart you will notice that price ran out steam once it hit another trend line.














What will price do now? Will price struggle at this trend line, or will it again prove that no mountain is too hard to climb and crash through this trend line.
I look forward to tomorrow to finding out, and I keep this chart on my watch list for the time being.

Happy Trading


Richard Monnery

EUR a strong girl.....

Good evening ladies in gentlemen

I hope you all had a prosperous and loving day in the markets. It's amazing how the weather affects people. The sun is shining, shorts and skirts are out in full effect, people are smiling, people have patience on the road and are generally all round NICE! Almost a week of good weather!! I must be dreaming!! Anyways come rain come shine I hope you all love getting up in the morning as much we do!!??

So the EURUSD, didn't she do well and the girl was full of loving today! As said by JM Bijal on our sister website, the SM would be ready with the appropriate love taking tools as an opportunity presents itself as we are never 100% sure what the market will do. We can only prepare ourselves as best as possible and wait for what the market has in store for us!

With divergences on multiple timeframes, stochastics in the OB area, the R line and the RN and the previous dojis showing indecision it would not be wrong to have looked for shorting opportunities. However, today was one of those days the market felt like going against the grain but is this a FBO!? WOW!!!!! Literally, at the time of writing this sentence important news out in the evening has caused todays bar to surge straight through the next R line!! WOW! What a treat!!! I had to take a few moments to manage my trade and just got stopped out at a whopping 300 pips!! Hope you all managed to get some of the spoils!!! Remember as technical traders, we have to be aware of the fundamentals coming out on a daily basis and stay out or manage accordingly!!

As I was saying, the SM amongst us would be ready to handle any situation as we know that market is always right! Below is the 15 chart. I have some questions for you to answer.

1. If you were up early enough, did you have an opportunity to go short?

2. Was there another opportunity to go short after that?

3. The SM are ready for everything! Where would they have gone long?

Richard you crack me up. I am quite talented but you haven't seen me ice skate!!!

The answer to my riddle was "I can't = I must"!! It applies to all aspects of our lives and is very relevant to trading. Defeat is temporary and like a true JMA, I expect you to bounce back sir!

Today's riddle is "_____ and I must make it ______"!

Wow what an evening! I am off to recharge with some chicken!

Abundance is your Birth Right!

Zaheer Anwari

Slight change of Plan

Morning Dynamic Traders

Yesterday I said that I would be following the Kiwi this week, but I am going to change and follow another currency pair as I had notice after my update yesterday that Jedi Master John had chosen the Kiwi also on our sister website http://www.fxcps.co.uk/, and I don't want to confuse anyone or step on John's toes.
So I have decided to revert back to the Pound and maybe follow the Kiwi next week.

After a good week last week, where the pound was getting stronger, price has weakened and is now dropping. Were you prepared for this?
If you had read my update on Monday you would have been.

In the day chart below I marked out the same trend line. Price has been using this trend line as a resistance and it has failed 3 times previous to this week, so it is no surprise that price has failed again this week. The keen eye would also have seen the important RN.














Depending how aggressive you are, you may already be in the trade, but if you missed the aggressive entry, do not fear, you are still able enter the trade with a conservative entry, But where would that be?

Please ensure that you carry out your own analysis, as you are accountable for your own trading.
Happy Trading

Richard Monnery

EUR still being held....

Good evening ladies and gentlemen

I would first like to take this opportunity to say a massive massive congratulations to Clayton for reaching the status of "Warrior Jedi Master"! It is a truely inspirational story and one that will stay with me until I too have the same status. One of my riddles from last week was "There is only one success, to live life they way you want". I believe that was one of Clayton's goals when he started out in trading and has now achieved it. Enjoy your new found lifestyle Sir! You deserve it!!

So lets get down to it, the EURUSD. The daily continued to move up ever so slightly with the formation of a small bullish spinning top. It is still being held by a previous R line. However, as always The Smart Money Day Walkers amongst would be ready and waiting for any opportunites that may arise on smaller time scales and one suc opportunity did present itself on the 5 min, shown below. DJ Derek Divergence, Body Popper 123886, and Crazylegs Candlestick all made a mid morning appearance and the result, as the late Steve Irwin would have said, "What a beauty"!




See if you can spot the Smart Money entry in the opposite direction?!

Spot on Sir Richard. Don't expect anything less from a JMA. The answer to your riddle tonight is completely off the top of my head! Success is a state of mind, start thinking of yourself as a success??!!

My riddle is "I can't = __ _______"!!!

Abundance is your Birth Right

Zaheer Anwari

Awesome News for Clayton!

Hello again,

I know I have already posted a blog today! But today is an awesome day for Clayton who is now a Full time trader, and I wanted to pass on my regards.

I met Clayton a little over 2 years ago, and since I have been trading I have been using Clayton along with my other fellow bloggers and of course Javid and Anne, as a benchmark in my progress.

Well done Clayton thats awesome stuff!!

Happy Trading

Richard Monnery

Kiwi I haven’t forgotten you!!

Good Morning Dynamic Traders

It’s been a month since I last spoke about the Kiwi, so I would like to revisit it this week!!

Since I last spoke about the Kiwi, it has been steadily dropping until last week where it has been in a very healthy uptrend. It’s now time to see where the change of heart came from.

Below is the daily chart. We had MACD convergence letting us know that price fancied a change. The signal of the change came in the form of a candlestick formation, which formed at a RN which is also at a support line. This is marked accordingly on the chart below.














Tomorrow we will find out if price has managed to continue its climb or is it looking at another fall.

Happy Trading

Richard Monnery

EUR off to a good start...

Good evening ladies and gentlemen

I hope you had a grand weekend. The weather was wonderful (which is not something we can rave too much bout living in Blighty) and man did people make the most of it!!! The parks were heaving, roofs were down (including ours!!), dogs were wagging mad, footballs were flying everywhere and the smell of BBQs were wafting through the air as if they were going out of fashion. It was great but not as great as waking up on Monday mornings!!! Yipeeee!! Did you shout it?? "I lurv Mondays!!" Well did you?? If not why not??

So lets get down to business and have a look at a chart on our first day of love taking opportunites in the market! Below is the daily for the EURUSD. We were probably expecting a DB but with Chrystal convergence, Body Popper 123886 and Crazylegs Candlestick making an appearance, has the move Northwards already started or can we expect the low to still be retested in the future? Today's bar is approaching a previous R line.

Below is the 60 minute chart which will give us a better understanding of the days play! There was a great opportunity to go long if you chose to take it and well done to those who did! Through the night the market was in a range but the much anticipated appearance of Breaker BOB did not fail to disappoint. The Smart Money would have unleashed the appropriate filter and good managing would have yielded a nice profit of love taking for the day! Eagle Eyes would have spotted Ronnie RN emerge right at the end of play!!



Please do you own analysis at all times!

As always Richard's on form with his answers to the riddle. "Carpe Diem" is indeed Latin and does indeed mean "Seize the day" and was indeed made famous by the film Dead Poet's Society!

The answer to your riddle was said by the brilliant Del Boy in one of the best programmes ever to hit the small screen, Only Fools and Horses!! Please correct me if I am wrong but I believe it is also used by the British SAS?!

My riddle for today has a touch of humour to it and was said by a famous Author but is also very much related to Trading!

"Be ______, ______ else is already taken!

Abundance is your Birth Right

Zaheer Anwari

Round up on the Pound!!

Morning Dynamic Traders,

Hope you all had a good weekend, and enjoyed the sunshine. I certainly did with a 20mile bike ride on Saturday and a nice walk on Sunday.
Today I am going to round up the week of following the GBP.

Since Wednesday the Pound has been finding strength, and from the look of this morning it looks like it still has it. On my last update, I pointed out that price was at a strong resistance area which is also at a RN. From the chart below you can see that this resistance area and RN did have an effect on the price and had slowly dropped during course of Friday. Price only began to pick up from this morning, and warning came in the way of a reversal candle stick formation.















To summarise the events of last week, the GBP did have a good week for money making opportunities which I have shown over the week. With a short position for Monday and long positions from Wednesday. Although price has been on the up since Wednesday and currently higher than it was a week ago, the GBP is still in a down trend on the larger time frames, which is clearly visible from the day chart below.















This leaves us with the obvious question, what will happen next? I’m going to leave this with you and I will revisit this in a couple of week’s time. But to give you food for thought I have marked out an important trend line on the chart above.

Happy Trading

Richard