Which way will you go AUDJPY?

Good evening ladies and gentlemen

I hope you all had a wonderful end to the trading week!! It has been a mixed week in terms of the weather. Does this mirror your trading week? Have you stuck to your TP? The weekend will give you the opportunity to reflect over your trades for the week. As a reminder accountability is key to being a consistent and successful trader!

So lets see how our girl has finished up the week. Below is the 1 hour chart for the AUDJPY, where we can see what has happened since my update yesterday. Price has found this comfort zone around the figure for the last two days and has found it difficult to make a decision in which direction to go.

To go short we had the DT coming into a squeeze, the divergence on MACD and the RN with price sitting at a Fib Breather level on the daily as well. However, it gave a Long signal after price broke North out of the squeeze and above the RN yesterday. It reversed back again after a bearish tramtacks, kissed the R turned S line, broke back into the squeeze and has again broken North out of the squeeze and is now sitting at the RN. I suppose this is a fitting way to end the week as we still left very unsure of which direction we could be heading.

So looking ahead to next week, it is now very much a waiting game. From our technical analysis we could anticipate a move in both directions. However, we have not been given anything as yet from the market to jump in on this the way it currently sits. I feel that she will be much more generous next week and as SM all we can do is wait and capture what we deserve with the SM tools we have within our arsenal. As always so your own analysis!

Alright Rich. Dads always come through with some quote or the other. Thats a good one and I think the answer is "How can I soar like an eagle when I am surronded by Turkeys!" A COMPLETE GUESS!!

Spot on with your answer to my riddle. My riddle for the weekend is which famous inventor, when asked when he was almost totally deaf, why he didn't invent a hearing aid replied "How much have you heard in the last 24 hours you could do without?"

Till Monday

Have you all an amazing weekend

Abundance is your Birth Right

Zaheer Anwari

Which way will the Kiwi go??

Afternoon Dynamic Traders

Apologies for the delay in my update, I’ve had rather a busy morning.

I would like to share with you know some thoughts I have had in regards to where the price might be going!
This week I have been referring to price being in a bullish flag. This would have been confirmed if price beats the previous pivot high at the RN. However if price doesn’t beat this pivot high, we could be in for a reversal. This reversal will arrive in the form of a 123 top. This 123 top is confirmed with convergence from the MACD. However this is still only speculation, because 2 confluences of events is not enough for me according to my TP. If it is a 123 top it might be a good idea to get ready for it.














A problem with this theory for me is that on certain lower time frames a different story is being told. A second problem with this theory is that price did fall to a fib breather level, so a continuation is also on the cards.
What do we do? As always it is a waiting game, but as the Cub Scouts always say “be prepared”! This is very important, because easy money can be made here if you are ready.

Happy Trading

Richard Monnery

AUDJPY defying the odds..... but for how long?

Good evening ladies and gentlemen

I hope you all had a profitable day in the market. If not, remember a winner never quits!!

So lets see how the AUDJPY has behaved to day. Yesterday we had a confluence of events that may have suggested that we had a reversal on our hands. Looking at the 4 hour chart below, we can see that it was short lived before a further move up. At present, price does not seem to be making any big moves, 50 pips being the maximum today. It is still finding resistance around the figure even though it has broken above the R level. The question now remains to be asked if this is a FBO of the squeeze or will it use the R turned S level to bounce on through the RN. On the daily, the next R level is around 400 pips away! MACD is still diverging on the histogram. How about the other indicators? I will leave it for you to do your own analysis!



On the 1 hour we have a bearish engulfing candle at the RN. How significant could this be? Lets see what happens by the close of play for the week tomorrow evening.

Alright Rich. Spot on man. The answer is "I wept because I had no shoes until I saw a man who had no feet." It is an ancient Pursian proverb which is in one of the books we have here in our office called"Who will cry when you die?" by Robin Sharma. He goes on to say that volunteering your time to serve those who have less than you is an excellent way to remind yourself on a regular basis of the abundance that exists in your life!

The answer to your riddle is a complete stab in the dark and is "Fear begins to melt away when you take action on a life you really want?!"

My riddle is "In the midst of ______, I found there was within me an invincible ____!"

Till tomorrow

Abundance is your Birth Right!

Zaheer Anwari

Kiwi, Where are you going?

Good Morning Dynamic Traders,

Weekend is now fully insight, which does mean however that our trading for week is almost over.

I will be following the Kiwi for another week and tomorrow I will be expressing some of my views of what the Kiwi potentially has in store for us! Today I thought we would have a look at recent events of Kiwi on the 4 hour chart.
Yesterday we saw the Kiwi stop falling and it started to climb, and from the looks of the day this climb looks set to continue a little further. However from the 4 hour chart below we can see that price has started to slow down. Price has started to slow down, because it has climbed towards a RN. If you look to the left of price you see that this is also a previous resistance line.














We will now have to wait and see if price can beat the resistance line and continue its climb up.
I would like to apologise for my brief update today, but tomorrows update is going to very interesting, as I think the Kiwi might soon offer us profit grabbing opportunities.

Happy Trading

Richard Monnery

AUDJPY looking intersting!

Good evening ladies and gentlemen

I apologise for not doing an update yesterday. As you may know from my profile, I work in Photography and my lighting expertise was needed on a set yesterday which finished quite late. In the last year, my priorities have very much changed in that I have immersed myself totally in trading to really make this work for me. On very rare occassions though, I take a break from it if I feel the distraction is worth it and yesterday was one of those days!

So lets catch up with our girl for the week, the AUDJPY, and see how she has behaved in the last 2 days. On the daily, price is sitting at a very interesting position. We now have a clear DT at a RN, with price and MACD still diverging. This confluence also sits at an aggressive Fib Breather level on both the daily and the monthly. Interesting!

As SM, we should know ny now that price never moves in a straight line. Big moves are followed by a period of consolidation before further moves up. Could we see the required gathering of events to trigger a retracement into action before a further move up? Could the Aggressive Fib Breather level hold strong and be the cause for another descent in price?

Below is the 4 hr chart where we can see the above mentioned confluences in greater detail! Looking at the other indicators, RSI is still not OB but is Stochastics and it's signal lines saying the same? Added to that, an interesting candlestick formation thrown into the mix could be of significance! I have put in a trend line which may be the first point of call if this retracement materialises!



Alright Rich. Yeah went AWOL again but I am back man! I am impressed with your answer but not all is corret. It was indeed invented by Eduard Penkala who was born in what is now Slovakia but was of Polish Heritage but became a naturalised Croat after moving to Zagreb. The idea was patented in Croatia. He also invented the Fountain Pen.

The answer to your riddle is from a film which you have done a riddle from before. It was said by Dog in Lock, Stock!! Wicked film!

My riddle for today is "I wept because I had no _____ until I saw a man with no ____!"

Till tomorrow

Abundance is your Birth Right!

Zaheer Anwari

Good Morning Dynamic Traders

Halfway through the week now and I hope your all having a great week!

In the day chart below you will see that price had stopped falling yesterday and started to climb, which it has continued to do this morning. Were you expecting this to happen? Yesterday I was very keen to share with you my analysis and thoughts on this, as I was expecting price to start climbing because I thought that price was taking a breather.














I will now show you some of the signs I saw yesterday that confirmed to me that price was in a bullish flag.
- Price is currently in an uptrend
- Price is above the Value Index
- On the day chart price had fallen to a Fib breather level
- Price fell to a RN
- If you look at the 4 hour chart below you will also see that we have MACD convergence
and a buying signal














These are some of the confluence of events that told me to expect price to start climbing. I haven’t addressed all the signs, but to help you find the others if you can’t see them, have a look at RSI, and also the Support/Resistance lines. Maybe have a look at what the hour chart has to say.

Happy Trading

Richard Monnery

Hello Kiwi

Afternoon Dynamic Traders,

I have decided to follow the kiwi this week as I haven’t spoken about the Kiwi in a long time.

As always I feel it’s best to start off by getting familiar with the progress of the kiwi, and then we can get more involved throughout the week.
By looking at the day chart below we can see that the Kiwi is currently in an uptrend, and has been enjoying this increase since March. The trend has been relatively health with a couple of bullish flags. No doubt you have also noticed that price appears to be dropping over the last 5 days, so are you also thinking “is this the end of the uptrend and has priced reversed?”















As much as I want to tell you my thoughts and show you some of my analysis, I’m going hold back and wait and show you later. So what do you think is going to happen? What are the other time frames telling us? What stories are coming from your studies?
Tomorrow I will go into a lot more depth about the recent events of the kiwi!! – Exciting stuff!!

Happy Trading

Richard Monnery

AUDJPY is under the microscope!

Good evening ladies and gentlemen

I hope you all had a wonderful weekend and ready for another weekend in the markets.

This week I thought I would keep an eye on the AUDJPY. Below is the weekly chart and we can see that price dropped sharply from July 08 to October 08. It did a 123886 and has since fought back to a RN which sits perfectly with a Fib Breather level. Subsequently price has been shorting today!

Below is the daily where we can see the 123886 and the push up to the RN in more detail. This is also a Fib Breather level on this time frame and Price also shot through the VI on its way! MACD has been diverging and the recent 123886 has caused price to weaken and move south! Could we see a retest of the VI? What are the other indicators saying? RSI is not yet OB but how about Stochastics?

Lets see how the action unfolds during the week. As always do your own analysis along the way!

Alright Rich. The weekend was sound despite the lack of sun! My golf swing is coming along smashingly! Yours?

The answer to my riddle is "Consistency requires MENTAL SKILLS!" Tricky one granted!

Hahaha. Your riddle is an old classic! The answer is all of them!!

My riddle is "Where was the hot water bottle invented?"

Till tomorrow

Abundance is your Birth Right!

Zaheer Anwari

What did I miss???

Good Morning Dynamic Traders,

Hope the bad weather didn’t prevent you from having a good weekend. I enjoyed the rain at the Epsom Derby and I thoroughly enjoyed the hard rain and the harder hail stones during my bike with my grandfather on Sunday!

I’m going to round off the Yen and look to another currency pair to follow.
Friday saw the Yen enjoy a healthy climb as it smashed through the Value Index, this is brilliant news for the Yen, but why did this happen? The answer can be found on my fellow blogger, Bijal Shah’s update from yesterday. No doubt you have read her update, but Bijal has highlighted a head ‘n’ Shoulder formation on the day chart, which I had originally missed.
You may remember from last week, I said that I was little surprised that price didn’t fall further after the large Head ‘n’ Shoulder formation that I marked out. Price didn’t fall anymore because of smaller Head ‘n’ Shoulder, which was formed after the larger one. This is why price was able to beat the Value Index. I have marked this on the day chart below!!














I had originally missed the second Head ‘n’ shoulder formation, because I was focusing on an intra-day basis, and I forgot to look at the bigger picture. This is why it is important to make sure that you perform a thorough analysis, because I have missed out of potential profits from the Yen.
Moving forwards though, price is now above the Value Index, which means that price is likely to start using it as a support area, which will help to keep the Yen strong, so what will happen next??

Happy Trading

Richard Monnery