Loonie Looking Looking.... Short!!!!!!

Good evening ladies and gentlemen

I am doing this update slightly earlier as I have an appointment to attend. There was a lot of news out today so I hope you all traded with caution!?

So lets see how the Loonie has been behaving up to now. After a massive move up on Monday, price has been some what reluctant to make another big move and instead been moving sideways, producing a doji and a spinning top.

Today's bar has spiked through the R/S line and has some bearishness to it! Why is that!? For SM Traders clued up on times for fundamentals would have prepared for this by tightening stops. This is an example of where the volatility of news can go very much against you. On Tuesday, it went in your favour if you were still long from Monday. Today if you had opened any long opportunities which met the criteria of your trading plan, you would have porbably got stopped out. Currently, it looks like price is trying to fight back!! What are the indicators saying? I will leave it to you to do your own analysis!!

So below is the 15 minute chart which show us today's play in closer detail! So I have some questions for you to answer.

1. There is a divergence so what could this indicate?
2. Was there a 123886 or a 123786? If you are aggressive how would this have affected you?
3. Is there a candlestick of any significance?
4. Is there a RN?
5. And how would the news have affected you?




Hope you are well mate! Yeah defo better taking a day to recover man! Looking forward to tomorrow though!

The answer to your riddle is "Live out of your imagintion, not your history!" Wicked riddle mate! Don't let failed trades stop you from progressing and achieving your goals!! Learn from then and at the same time feed off your imagination!! Love it!

The answer to my riddle is actually off a bookmark I was given as a present, which says "All the flowers of all the tomorrows are in the seeds of today!" It's from an Indian proverb! Unlucky mate for not getting it but im sure you will bounce back!

My riddle for today is " ____ the ____ you have imagined!" Somewhat a long the lines of your last riddle!

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

Going Once, Going Twice, No!!

Good Morning Dynamic Traders,

Fantastic whether again this morning and I hope your trading this week has been as good as the whether has!

Yesterday we saw the CHF drop during the course of the day, but during the evening and the night price has found some strength. This strength has come from the price dropping from the trend (channel) line and finding help from the resistance line. This can be seen on the 4 hour chart below!!














For the last couple of days we have been waiting for a trading opportunity to arise. In the 4 hour chart above you will see that I have left a question for you all to think about, and my first sentence of this paragraph should provide you with a clue, if you haven’t already got it!!

Happy Trading

Richard Monnery

Quick Apology

Good morning ladies and gentlemen

I just want to make a quick apology for not putting up an update yesterday. I was feeling rather under the weather and for that reason did not trade. The last time I was ill and traded I made 2 school boy errors which taught me a lesson. I also went back and reviewed my TP - "Do not trade when not in the right frame of mind!"

A large part of trading is psychological. If for what ever reason you are not 110% on form, take a day off. There is always tomorrow and always other opportunities. Trust me, there is nothing worse than being ill and making stupid losing trades!! Bad bad combination!!

I am in the market today and will put an update later this evening. Rich give me sometime to answer the riddle please!

Have a wonderful day guys! Let the games begin!!!!!

Zaheer Anwari

What’s the CHF going to do?

Morning Dynamic Traders

Just like yesterday it seems to be another awesome start to the day, whether wise!!

Yesterday after my update the CHF did begin to drop, but it found some support at a previous resistance line which I have marked on the 4 hour chart below. Price is now climbing back towards the trend line that forms the top line of the channel. This isn’t the first time that price has done this and I have also marked this on the chart below.
The last time price dropped away from the trend line it found support at a previous resistance line, which happens to be at the same point which price failed at the trend line before. It climbed briefly before plummeting pass the support line and straight to the trend line that forms the bottom line of the channel.














It is understandable that price is behaving in this manner, it just means that we have to wait longer for a shorting position, if the shorting opportunity arises, because price can still possibly find the strength to break its where out of the channel.

I think ‘Take That’ said it best, what we need now is “just a little bit of patience”, to see what the CHF does next!

Happy Trading

Richard Monnery

Were you a Loonie to ride the Loonie?

Good evening ladies and gentlemen

I hope you all had a wonderful day as always in the market. In terms of the weather, wow is all I can say!! Keep it coming please God!! Pleaseeeee!!!

So like my fellow JMA, I am sticking with the same currency for the week! Great minds think a like hey Rich!! So after a massive move up yesterday, what did she do today? With major news out today on this currency, if you had got stopped out yesterday you may have decided to stay out if a set up did emerge! However, swing traders would have profited with a further move up with news playing a major part! Since then, news has retraced and at the moment is doing a doji! Most of you may have tightened stops at the time of news and since then be stopped out. At the time of writing this, the histogram on MACD has crossed above the midpoint line and RSI has moved over the midpoint line as well. At the moment price is sitting on a R turned S line. Could this be a catalyst for a further push up!? Only time will tell and as always the SM will be ready!



So today's play is shown on the 5 min chart below. There was a divergence on price and a 123886 with a reversal candlestick a little later on in the day which some of you Day Walkers may have purchased your ticket for the ride. Price then did a steady rise up north as the confluences suggested. At 2pm, we can see the green giant which can only mean one thing, NEWS! In this case, you would have been nicely rewarded. However, this shows the volatility of news and what can happen if news goes against you and stops aren't managed properly or limits have not been reached yet. Leave fundamentals to people in the know! Price hit the RN before doing a DT and then retracing for the rest of the day.





On the pain scale, it was up there mate! But not as bad as losing to my cousin on Pro Evolution Soccer on the PS2 to my cousin! Sill haven't upgraded to PS3 yet!!

Ok mate I appreciate you asking for more time and will give you another day to pull it out the bag with regards to the riddle.

Sir Winston Chuchill said "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty." Spot on with yor choice again!!

All I have left to say is "Come on Liverpool!!!!"

Till Tomorrow

Abundance is your Birth Right

Zaheer Anwari

Sticking with CHF

Good Morning Dynamic Traders

Zaheer, I can’t even begin to imagine the amount pain you were in, a pulled muscle is bad enough, let alone ripping a muscle!!
After much thought and from the advice from Zaheer, I have decided to stay following the CHF this week!

On Friday price hit the trend line that forms the top line in the channel, because of how price has reacted to this trend line in past we couldn’t be blamed for thinking price would drop. So why hasn’t it?
In the 4 hour chart below you can see where price hit the trend line (channel line) and if you look to the right of the chart you will see that price is hovering around a RN, there is also a S/R line at this RN. Price seems to be determined to get stronger, but the resistant line and the RN are holding price back.














It’s now a case of waiting to see if price gets tired a then drops or whether price is able to beat this trend line, resistant line and RN.

When I started writing this update price had been getting stronger, and all of a sudden it has weakened towards the end of my update! Today is looking to be a very interesting day for the CHF. A chart that should definitely be on your watch list.

Happy Trading

Richard Monnery

Loonie Looking Looking.... Long!!!

Good evening ladies and gentlemen

I hope you all had a wondeful weekend and are fully recharged for an exciting week in the market. I have to apologise for not putting up an update on Friday. I had a hospital appointment, and as expected was in for a fair bit of time. And as I anticipated, my worst fear was realised!! Are you ready for this!! Please be seated!! Yes you guessed it!! I won't be playing football (or soccer depending where you are!!) for quite a while. I have ripped muscles in my thigh!! But like all retired pros I have taken up.... yes you guessed correct again..... GOLF!! And my swing is coming along mightily fine!!

So lets have a look at what our girl for last week, the Loonie, ended up doing at the end of last week and more importantly how it affected/influenced today's move! And what a move it was today, moving up well over 200 pips!!

Price at the end of play on Friday ended up doing a spinning top, using the RN as a support! As mentioned last week, both MACD and Stochastics were looking interesting! Price was converging on MACD and Sochastics was OS with the signal lines crossing over! At the time of writing this RSI had just touched the midline and Stochastics was still OS!! So could this be of any significance? All in all a lot of interesting signs were on display to keep this currency on your watchlist! And you would not have been disappointed today if you queued up in the SM line and purchased your ticket for the ride!





So as per usual let's have a look at today's play in closer detail! Below is the 1 hour chart. Just before the opening whistle, price had been diverging, with the added confluence of a DT and a reversal candlestick! Some may have chosen to go short but would have got stopped out! However, price shot straight through the R line and the value index, using the VI as a support to fire up!! The SM would have used the treasured ESLT to maxium affect and managed accordingly!




Alright Rich. Your wing man is a little crocked but back and ready for action! Hope you had a top weekend mate! Wicked update on the CHF last week! I say stay with it for this week but of course your call!!

So the answer to your riddle is "Success is a journey, not a destination!" Top Top riddle sir!!

My riddle for today is "All the _____ of all the _____ are in the seeds of ____!"

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

What’s the CHF doing now?

Good Morning Dynamic Traders,

Hope you all had a good weekend and are fresh for another week of trading.

My apologies for the delay in my update, I had been experiencing connectivity problems but all solved now!!

It’s time to find out what the CHF got up to on Friday and if it hit the top channel line and where is it going now!
If you look at the 4 hour chart below you can see that price did indeed climb to the top of the channel like I said it would, but it hasn’t stopped and dropped and it hasn’t smashed through the line. You can see that price has stopped at the channel line and is still trying to climb, but is struggling and is currently fighting with the channel line.













This now leaves us wondering what’s going to happen next? In the 4 hour chart above you will see that I have marked out divergence from the MACD, this divergence is also apparent on the hour chart below.














This divergence is signalling to me that price could reverse soon, and this helps explain why price struggling to beat the resistant line that forms the top line in the channel. Will this divergence help to steer price back down into the channel only time can tell what’s going to happen!

I would normally round off a week of following the CHF, but I’m in 2 minds whether to stay an extra week with the CHF or to follow another currency pair.

Happy Trading

Richard Monnery