Yen-tastic!!

Morning Dynamic Traders

Well the Yen did manage to find the power to beat the Value Index yesterday, well done the Yen. But will this increase in price continue?

In the 4 chart below we have clear divergence from the MACD letting us know that a change could be on the way. Only time can tell!!

It will be interesting to see if price will use the Value Index as support, and it will be interesting to see the effects of NFP on the Yen.

As today is the NFP, like Zaheer I will also be keeping my nose out of the market today!!

BOOM, Zaheer strikes again!! Yeah I thought you would like it!

I’m really not doing that well now!! What are the 3 words!!

My quote today is simple “Trade with _______”

Hope you all have an awesome weekend!

Happy Trading

Richard Monnery

Me No Trade

Good afternoon ladies and gentlemen

Just putting this update up a little earlier than usual. I have chosen to stay out of the markets today and tomorrow due to the news items out. News tends to stress me out and make me eyelids twitch in a slightly weird and scary way! Best for me to keep my laptop closed! I hope you have all managed to get what you deserve from the markets and have traded with caution.

I had a briek look at the CHFJPY and can see a huge green bar which is being held by the VI. I hope you all managed your trades well if you were shorting from yesterday.

Nah Nothing serious Richard but thanks for the concern. The answer to your riddle is desire, greater, and fear for the gaps. Excellent quote mate and spot on for trading. Desire should have fear securely locked away with in an underground prison with no doors and windows and sound proof walls!!

The answer to my riddle mate is "Riches begin in the form of thoughts!" Visualise the person you want to be, make it a burning desire and never give up!

My riddle is, three key words you should have written up on your wall are:
H________
H________
W________

Have you all a great weekend. You deserve it!

Till Monday (can't wait!!)

Abundance is your Birth Right

Zaheer Anwari

What’s the Yen doing?

Morning Dynamic Traders

This morning the Yen is showing signs of price strengthening. Why is this?

Yesterday the Yen dropped in price and it closed not far from where it opened, but it did move around lot, which can be seen very clearly on the hour chart below. While price was slowly dropping on Wednesday you will see slight convergence from the MACD. This convergence was indicating to us that price was going to be changing soon, and the Stochastics gave us a buy signal which indicated the beginning of price moving towards the up.













Price is still hovering around the same support line on the day chart, which you can see below and it looks like it is trying to make an attempt at breaking through the Value Index. So far it’s looking good, but does price have power to beat the Value Index?

Tomorrow I look forward to seeing what happens and if price has the power to continue the climb.

Happy Trading

Richard Monnery

Hau. me CHF you JPY

Good evening ladies in gentlemen

I would like to apologise for not putting an update up yesterday evening as I had technical issues!! Computers!! Love em and hate em!! Richard I am glad to be back geeza and reporting back for duty sir, yes sir!!! My day feels strangely incomplete without our banter!

I hope you all had a wonderful day in the markets over the last 2 days. As always there were a lot of interesting moves. I hope you all did your own analysis and managed to get plenty or at least your daily SM target worth of pips!

So today I have the CHFJPY for us to analysise. Below is the daily chart and I have some questions for you to answer:

1. Is there divergence on MACD?

2. Is there a 123886?

3. Was there a friend present in close proximity to a R line acting as a strong resistance cluster?

4. Should we need to have been aware of the RN above?
5. What's Stochastics doing and can we expect any more movement south?

6. Is RSI indicting what we want for further movement?

7. Lastly were there any good signals to enter on the smaller time scales?? If so, I will leave it to you to look for them.

Remember with NFP out on Friday and big news out tomorrow, you know the necessary precautions to take! We are SM after all! Nothing worse then giving back that "hard earned" money back to the market!!

The answer to your riddle, my good man, is "All our dreams can come true, if we have the courage to follow them" and was said by the great man himself Thomas Edison!

Great try with the riddle and I actually like your answer. Always visualise where you are heading, isn't that right mate? But the correct answer is "Dream the impossible!" Is anything actually impossible? Visualise and feel!

My riddle is related to my mini speech above and linked to my fellow JMA guess to yesterday's riddle, "______ begin in the form of ______"!!

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

What Chart Pattern?

Good Morning Dynamic Traders

Welcome to the first day of the month.
I left you yesterday asking if you saw the chart pattern I did. For those of you who didn’t, the pattern I saw was a Head and Shoulder. I have marked this out on the day chart below.














This pattern is also present on the 4 hour chart and on the hour chart. It will be interesting to see how price behaves today, because the Head n Shoulder is actually upside down for an uptrend. In case I have now confused you, the Head should generally be higher than the Shoulders when price is in an uptrend. If this pattern wasn’t upside down I would expect price to climb. As this is pattern is the wrong way up what will price do?

In the day chart above you can see that price is currently at a resistance line, which has been used in the past for support and for previous resistance. The Value Index is also joining in on the action, which is also making life harder for price.

I’m looking forward to seeing what price does today. Will it climb like it would do for a conventional Head n Shoulder or will it fall as the head n shoulder is the wrong way up.

Happy Trading

Richard Monnery

Hello the Yen

Morning Dynamic Traders

Welcome to the last day of March and I hope you all had a profitable month.

This week I have decided to follow the Yen. It’s been a while since I last spoke about the Yen, so let’s get up to speed on what has been happening.

In the daily below I have marked out where price stopped increasing (which also happens to be at the same place where I finished my last update on the Yen). If you look at price for the last month you will see that price has been using the value index as a resistance line, which has helped to stop the Yen from getting stronger.














The Yen is definitely on my watch list this week! And I will give a hint as to why!! There is a certain chart pattern that could forming, see if you can find it?

Happy Trading

Richard

Round up on Kiwi

Good morning Dynamic Traders

Welcome to another week of trading, fingers crossed it’s as good as last week.

I’d like to start by congratulating Zaheer and Imran, funny enough that also a target of mine. Well done lads!!

Time to round off the week on the Kiwi. I left Friday morning asking, whether the Kiwi would be able to beat the RN. The answer is No, the Kiwi didn’t manage to beat the RN and in fact dropped during Friday and has continued to fall this morning.

In the 4 hour chart below you can see the same Divergence from the MACD and the same Sell Signal from the MACD that I previously shown on the hour chart at the end of last week, this helps to confirm the end of the uptrend.

The Kiwi for the past week hasn’t really moved much, indicating that it wasn’t in a trend, but in a range. We did have opportunities to catch some profits, providing you had the time to manage the trade as it would have needed some attention.

This now leaves us with the question, what will now happen to the Kiwi? Is this a breather or will it continue to drop?

Happy Trading

Richard