AUDelighful, she finishes with a bounce

Good evening ladies and gentlemen

I hope you all had a wonderful day in the market. The end of another exciting week (booooo) but the great thing is another one is only 2 days away (YEEAAHHHHH)!!!!

I would just like to take a moment to share our first personal milestone that my cousin Imran and I have reached since we started trading. We managed to get through the whole week without making a single losing trade and would like to dedicate this achievement to our mentors, JS and AC, for their time and knowledge. From myself and Imran, we are eternally grateful as what we have achieved has all been through your teachings. We thank you.

So lets round up the week with a look at our girl for the week, the AUD, and she performed today!! If, like me, you were in this trade from yesterday you would have been rewarded with a nice red bar, amassing over 150 pips. I hope you managed to get your share.

On the daily, the indicators are behaving the same as yesterday.

Below is the 5 minute chart. We can see that through the night she was ranging before start of play today. What SM signal would we have waited for today and what filter would you have unleashed? If you got this correct, you would have been laughing. Great returns for great mentoring!! She shot down to a previous support level before coming back on herself. SM management would have ensured maximum profits! And look where we ended up play at the final whistle!!




I would like to thank Richard for yet another week of wonderful updates! Keep them coming sir! And I stand corrected!! I can't send banter to one and not the other! I am sorry AC! It won't happen again!

I completely relate to what you said about trusting your analysis and trading emotion free. It doesn't matter how many times you mentors may drive it home, if you don't ever master that you won't ever reach your full potential! And as I have always said, mistakes are good as long as you learn from them!! Good choice mate!!

The book I am reading at the moment is "The One Minute Millionaire" and the answer is "A lot of getting over fear is doing what you are afraid of" and fits in nicely with what you said!!

My riddle for the weekend is "____ your dreams, ____ your doubts."

Have you all a great weekend to recharge. Monday is not too far away!!!!

Till Monday

Abundance is your Birth Right

Zaheer Anwari

Kiwi Struggling!!

Good Morning Dynamic Traders

Yesterday I left you asking whether price will drop. Yes, price did drop yesterday so let’s have a look at why?

In the hour chart below you can see the divergence that I referred to yesterday from the MACD and you can also that see price struggling at the RN. These signals make us aware of when price is going to change direction, but as trading is not an exact science, these signals didn’t let us know when the change was going to happen! The MACD helped us once with the divergence, but it also helped us again. We were given a buy signal from the MACD and if you look at price at the same point, that was when the changed happened.
Price hasn’t really moved much from yesterday, but the small downturn stopped at a fib breather level. Price then retested the high before dropping further.














Price is really struggling at the RN that it is currently hovering around. On my Monday’s update we will find out whether or not price has been able to beat the RN.

Hope you all have a good weekend

Happy Trading

Richard Monnery

AUDear, no kangaroo bounce today

Good evening ladies and gentlemen

I hope you all had a wonderful day in the markets and managed to take what's yours, of course the Smart Money way!! If not, persistance and eduction is key and your time will come.

So to our girl the AUD. She seems to be finding a lot of comfort around the round number. MACD is making lower highs and Stochastics is looking intersting. The signal lines seemed to have crossed and are pointing downwards.

Looking back over today's play, there were Day Walker opportunities to enter.

Below is the 5 minute chart. The familar faces of DJ Derek Divergence, Drummer DT and Crazy Legs Candlestick were out and were in the mood to play and if you were you would have been nicely rewarded.



Below is the 15 minute chart. As SM, if you had missed this opportunity you would have rubbed yourself down and waited for the next SM opportunity to arise without emotion. There will always be another opportunity. Your patience would have been rewarded. As SM we know that after every big move there is a period of consolidation before a continuation. Where is this breather level and where would you have entered. Shrewd management would have of course been needed!!!

Good answer Richard and is very appropraite to trading. To be successful at trading you have to follow someone who already is! "Example has more followers than Reason!" We know who our example is apart from his choice of football team!

The answer to your riddle is "Failing is not the worst of failures. Not to have tried is the true failure"???

My riddle for today comes froma book which I have only just started reading and one which I am sure most of you have read. It is also a great philosophy of life! "A lot of getting over ____ is just doing what you are ____ ___"!!

Till Tomorrow

Abundance is your Birth Right

Zaheer Anwari

Setback for the Kiwi, or Was it??

Morning Dynamic Traders

Were you able to see where price was going? I left you some food for thought yesterday, and today I will go through the signs we had for where price could be going!

In the hour chart below I marked some of these signals. When price was heading down we had convergence from the MACD giving us a warning that price would changing direction. With the buy signal from the MACD and price hitting a support line we had a clearer indication where price could be reversing. As you see price increased quite rapidly and then price took a breather and then climbed after it hit support at a RN.

So what’s going to happen next? Depending on today’s performance, it looks like we might be having divergence on the MACD, also price this morning is struggling at a RN, so will price drop??

Happy Trading

Richard Monnery

Still AU(n)Decided.....

Good evening ladies and gentlemen

I hope you all had a wonderful day in the markets taking profits and improving your understanding of how the markets move. I am still learning day by day and enjoying every minute. It's always great making a winning trade but it's also great when I have applied something I learnt from a losing trade. Remember standing aside is also a position.

As JMA Richard said earlier today, the weather has been a little undecided with periods of sun tangled with periods of rain, a little like the current behaviour of the AUD. It is still finding comfort around the confluences mentioned on Monday's update one being our friend, Round Number Ronnie.

So lets check out in more detail today's state of play. Price steadily headed downwards through the latter part of yesterday and through the very early stages of today's opening whistle. It then found support (where??) before ending today's play at the comfort of the RN of the last 2 days.

So my question to you my friends is "Were there any SM Day Walker opportunites to enter into at any point during today's play?"

1. Did DJ Derek Divergence or Chrystal Covergence come out to play?

2. Did MACD behave properly at the required time?

3. Did Betty Breather Level offer a handshake of opportunity?

4. Would good management be required for entry and exit?




Spot on with the answer Richard and yes you are right it is a famous story and I think I must be one of the only ones who hadn't read it before. It was emailed to me yesterday. Best email I have read in a long time. Well done to the rest of you who got it. See Richard's wonderful update directly below for the answer.

The answer to your riddle is pretty simple and one I am going to leave for you guys to figure out!! JM John always drills it home and is very appropriate to what we are doing!! Good choice!

My riddle for today is " _____ has more followers than _____!" I dedicate this riddle to our wonderful mentors that have affected our lives in the most blessed of ways! I thank you!

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

Set back on the Kiwi

Morning Dynamic Traders

Looks like the weather might be taken a turn for the worse, doesn’t mean our trading does though!!

I left you with a question yesterday (apart from my riddle), would the divergence on the MACD have any say on Tuesday performance. The answer was yes.

If you look at the day chart price came to a previous support/resistance line and wasn’t too far away from the RN when it decided to drop.

This isn’t really enough evidence to go on for my liking. Below in the hour you can quite clearly see the Divergence from the MACD, then price started to fall at a RN. So we did have some warning of a change in direction.

Where’s price heading now?? Tomorrow we will find out and to leave you with some food for thought, I have marked out on the hour chart above the support line at the RN. Can also suggest you have a look at RSI and the other signal lines from the MACD and Stoch, who seem to be providing more guidance.

Happy Trading

Richard Monnery

AU(n)Decided....

Good evening ladies and gentlemen


I hope you all had a profitable day in the market. if not and If you are new to the game and are still learning your trade, then always analyse your mistakes and learn from them. Do not give up and do not lose hope. Persistance and education is key. Mistakes are good if you learn from them!


So to our girl of the week, the AUD. She is in a resistance zone at the moment, being held by RN Ronnie, the R line above and the S line below. Body Popper 123886 has yet to emerge, but Stochastics is well OB and the signal lines look intersting!!










Below is the 5 min chart which will give us a better indication of today's play. I didn't actually enter any day trades today on this currency as a set up was not apparent while I was at home. However, those of you amongst us who have the pleasure (I'm Jealous!!) to look at their computers all day may have seen a potential set up later on in the morning. I ask the question, would you need a convergence or divergence before a 123886 if you are going in the direction of the trend?





Back on form Sir Richard with a great answer. It was of course Martin Luther King Jr. A great man indeed. The answer to your riddle is "The best revenge is massive success" by Frank Sinatra?

My riddle for today is: "There are 2 wolves inside each one of us. One good, one ____. Which wolf wins? The one you ____!"

Abundance is your Birth Right

Zaheer Anwari

Looking back at the Kiwi

Good Morning Dynamic Traders

And what a morning it is today!! This is definitely a day for getting your soft top down and cruising the streets!!

As promised I will now go back to following the Kiwi this week.

For the last 2 weeks the Kiwi has been enjoying very healthy climb, but this morning is looking rather weak. So let’s have a look what price has been doing.

In the hour chart below I have demonstrated the healthy climb. I have gone back to the sudden jump that happen on the 18th March, which was huge. After the huge jump price came down and found help at Fib breather Level, price then increased and came across resistance at a RN. It began to fall until it hit another Fib breather Level. After it hit this breather level price was in a small range and was oscillating for roughly a day and half. You will notice that price was oscillating around a RN. Although price was in a range it did actually climb slightly what helped price to break out of the range was when price found support at a Fib breather level which assisted it on its way up. With the reversal candle stick formation price dropped and found comfort at another Fib breather level, then gave us a small climb before dropping again. You can from the chart the below that price dropped to yet another breather level, but it only showed us 1 hours worth of increase before it started to drop.

This was an ideal long term trade, and my analysis above would have been an insight of how to of managed the trade.

Tomorrow we will have a look what today has in store for us. Please make note of the divergence from the MACD, does this have any say in what happens today?

Happy Trading

Richard Monnery

Can you guess who it is yet? It's our friend the AUD!

Good evening ladies and gentlemen

I hope you all had an amazing weekend and are recharged and ready for a week of SM profit taking. As I had predicted, the skies were grey when my eyes opened this morning but that didn't put a damper on anything! It's Monday!! And I lurv Mondays!!! It's amazing what a difference a year makes! Thank you IG, JS and AC.

So the AUD. Below is the daily chart. From todays bar, we can see it moved up more than a nice handful of pips to the R Line and RN cluster. It has spiked above it so will be interesting to see whats happens next. The VI, next R line and Fib Breather level cluster looks like the next major obstacle. DJ Derek Divergence is present but currently MACD is making higher highs. Would the complete emergence of Body Popper 123886 be significant? Only time will tell!

So lets see in more detail what happened during today's play. Below is the 5 min chart. She tested RN Ronnie 3 times today but he held strong. She failed to break through though has since won the battle. There were opportunities to take pips depending on your trading style! DJ Derek Divergence is there? Any other characters that might have influenced you to pull the trigger? I will leave it to you to analyse!

Thanks JMA Richard for the kind words! Hope you had a grand weekend sir! Great answer on my riddle! I think it has taken me the best part of the last 7 years to really get to know myself properly and now I feel I am in a very happy place.

You got me on friday's riddle!!! Do tell me!! As for today's riddle my answer is ".... It is the result of dedication, hard work and learning from failure"?? Complete guess!!!

My riddle for today is "You don't need to see the whole _____ - just take the first ____!"

I am sure we all know who said this!! If you don't know, now you know!!

Abundance is your Birth Right

Zaheer Anwari

Closing off the Week on the GBP

Morning Dynamic Traders

Apologies for the delay in my update, I have been experiencing some technical difficulties this morning which are all solved now.

Friday morning we saw the pound start to weaken. In the end the GBP closed on Friday lower than where it started.
Below is an hour chart and I have marked out the bars for Friday. After the large increase in price after it fell to the Fib breather level that I mentioned on Friday morning's update, price then continued to fall. Price fell and then found some help at a previous support line, which also happened to be at a Fib breather level and at a RN.













As you can see price then began to climb and seems to be struggling again at the same RN where price fell from.
It will be interesting to see whether price can break this resistance and continue to climb?

Tomorrow I will start to follow another currency pair.

This rounds off a week of following the GBP and I would also like to show my appreciation to fellow JMA Zaheer for his awesome updates last week!!

Happy Trading

Richard Monnery