We salute you AUDJPY!

Good evening ladies and gentlemen

I hope you all had a wonderful week in the market and I hope it also ends on a high. Progression only comes from consistency and being in the market. Ask yourself if you have immersed yourself in the market? Ask yourself if you wanted to be a pro footballer would you do it part time? The weekend will allow you time to reflect on your successes and more importantly your losses and even more importantly how you are applying yourself to the art that is called trading!

So to the AUDJPY. How has she finished the week? It has been an interesting couple of weeks as we have watched her movements with great detail and on the whole acted to how my analysis anticipated. So below is the 4 hour chart and as maybe expected being the end of the week there hasn't been much movement today. It has however moved around 300 pips since boucing off the moving average.




I was going to do an indepth analysis on what we could expect to happen in the coming days but if you read our sister website, you would know that the one and only BS beat me to it. On a personal level though, it is great to see when my analysis is in tune with my superiors! Make sure you read it if you haven't and this is definatly one for the watch list!!

I bid you all a wondeful weekend. Let's hope the weather holds!

Till Monday

Abundance is your Birth Right!

Zaheer Anwari

Do we have a BOB?

Good Morning Dynamic Traders

After a couple of days waiting we finally have a BOB!! If you have a look at the day chart below you can see that price has now broken out of the trend line. Yesterday’s bar (Thursday’s) was the bar that broke above the trend line, so now we need to make sure that we are ready to be triggered into a trade.

Although price has broken above the trend, it doesn’t necessarily mean that we take a long trade straight away! One of the best tools in your arsenal maybe the ESLT, what do you think?

With price breaking above the trend line, a long position is on the cards! However I do have a couple of concerns. Although price has beaten the trend line, it still has a RN to beat. The MACD and the RSI are also worrying me slightly, but as I write this update, things seem to be picking up?

What’s your game plan going to be?

Happy Trading

Richard Monnery

AUDJPY bounced!

Good evening ladies and gentlemen

I hope you all had a great day in the market. One day left before the weekend so I hope it ends on a high for all you lovely people out there!

So lets see how the AUDJPY has faired so far today. Yesterday I mentioned that price was sitting at a fib breather level after since moving away from the major trend. I also said that price may use this plus the proximity to the VI as a support for a move back up and that is exactly what happened. A bullish tram track formation may hav e given Aggressive traders fuel for thought to open long positions here and would now be in healthy profit.

Price is now moving back in direction big brother is dictating but it is also kissing the VI on the 1 hour chart so what next is the question? On the 4 hr, RSI has just crossed over the midline and MACD is now back over the midline too.

It will be interesting to see what will happen next! As we know price never moves in a straight line so was this a period of retracement before a restest and break of the RN! Only time will tell....



Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

A Waiting Game

Good afternoon Dynamic Traders,

Hope your all enjoying the glorious weather.

Like yesterday there isn’t too much to report on the steady progress of the Kiwi. I have posted a picture of the 4 hour chart below, because I want to demonstrate the effect the 2 trend lines are having on price as they squeeze.
From the chart below you can clearly see that price oscillating and the range of the candles are getting larger, while overall price range is smaller.













Unfortunately I don’t have too much to show or explain as we are waiting for price to make a decision. This isn’t bad thing, because this allows us more time to have a look at other charts! Fingers crossed this is the calm before the storm!

Happy Trading

Richard Monnery

AUDJPY goes crashing through but what next?

Good evening ladies and gentlemen

I hope you all had a great day in the market. The trading week has only 2 days left!! Nooooo!!!

So lets see how the AUDJPY has done today. Yesterday we were left wondering whether she would bounce off the S Line for a third time and make a move up or crash through it. Price also had the VI to contend with if the S line was penetrated!

Below is the 4 hour chart and we can see that between 12pm and 4pm today, price made light work of both of them passing straight though. Since then price has fought back and is currently retesting the VI. Looking at the other indicators RSI is not yet OS but has turned and is now facing the midline. MACD is still below the midline but is it still doing lower lows? Depending on your trading style and what TF you prefer to trade on, one may look to use the treasured ESLT to gather any pips that may be presented to us and yet at the same time avoid a FBO. Others may yet still be waiting for further comfirmation. Either way there is noe right or wrong answer as long as you adhere to the rules of your TP when you decide to take the ride!!!

SO what is going to happen next? As mentioned before, are we going to see a retest of the VI or is price going to use the Fib Breather level where its currently sitting as a catalyst for a push up. Let's see what happen!

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

Slow Progress

Good Morning Dynamic Traders

Half way through the week and the weekend is insight!!

The Kiwi hasn’t made much progress since my last update, however I can confirm that the Kiwi is still oscillating and is still being squeezed by the 2 trend lines, as you can see in the 4hour chart below!













This does mean that I don’t have too much to update today, but we should see the Kiwi make a decision within the next couple of days when price is forced to decide to climb or fall. This can been seen in the day chart below.

Happy Trading

Richard Monnery

What next AUDJPY?

Good evening ladies and gentlemen

I hope you all had a wonderful day in the market. We were spoilt with some great weather today. I hope you were also spoit with a nice handful of pips.

So lets see how the AUDJPY has faired so far today. Yesterday we were treated to a move of 300+ bearish pips. Price then continued to drop another further before reversing. As I had mentioned yesterday, if price continues to drop it may find resistance at the first S line. However, price crashed through it but found support at the next S level! This could also be seen as a S and R zone. This highlights how key it is to draw in your S and R line!

Below I have the 4 hour chart and we see that between 12am and 4am this morning price dropped 200 pips before reversing at the start of the UK open. Price moved bullish up an aggressive Fib Breather level did a massive long wicked doji and has since come back down again. This Fib Breather level is also clustered with the VI on the 1 hour chart.

So next we could see a retest of the S line which is clustered with the VI. Additionally MACD is doing lower lows but is still someway off the midline. RSI is also close to creeing over into the OS zone which may mean further move south before another reversal. However, if the VI is broken on the 4 hour we have a bit of room for price to drop till it meets the VI on the daily which could mean easy profits! The bigger picture though is that Big brother is bullish which may ultimately have the final say. We already have the formation of a chart pattern, a DT, at the S line! The third time may prove significant!

As always all we can do is wait and see what the market presents before us and thus act accordingly. On this time frame we appear to be in a period of oscilation so patience maybe key!!

Alright Rich! 60 miles on the bike! You entering the Superman competition? Good going mate!!

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

What else could be happening??

Good Afternoon Dynamic Traders,

A brilliant day today with awesome weather, so fingers cross it can last the rest of the week!!

Yesterday I gave you 3 possibilities of what price might be doing and today I am going to try and assist you further with some deeper analysis.
In the day chart below you can see that I have marked out a trend line. This trend line is very strong as it has proven itself 5 times now. This trend line is also one of the reasons for holding price back from reversing with the 123 top, but it doesn’t mean that price can’t reverse, because we still have divergence from the MACD.














If price does reverse then we will need to wait for a BOB for the downside and get ready to act on it. However if price should continue to climb you have a couple of choices available. The conservative choice would be to wait till price has broken 0.6600, as this is where price failed previously.
The second choice is slightly more aggressive and would also involve a little more work. If you take a look at the 4 hour chart below you can see that price is currently being squeezed by 2 trend lines, the previous trend line I spoke about and a downward trend line. You can wait here to see what action price will take and follow it depending on whether price breaks above or below!














Because the Kiwi is showing signs of some confusion, SM would wait to take action rather than predict what is going happening and risk losing money.

Happy Trading

Richard Monnery

AUDJPY did NOT waste anytime!

Good evening ladies and gentlemen

I hope you all had a wonderful and invigorating weekend which has continued into the start of your trading week.

Like my fellow blogger, Jedi Richard, I too am staying with the same currency this week as we were left last week in a very interesting position and that be the AUDJPY!

So a quick recap of last week. We ended play with price at a RN, a divergence on MACD and price sitting at an aggressive Fib Breather level on both the daily and the monthly. I said last week that we should maybe expect bigger moves this week after a couple of days of indecision and BOOM we didn't have to wait long with price dropping over 300 pips so far today!

So lets have a closer look at what exactly happened. Below is the 4 hour chart. We can see that price went crashing through trend line after doing a 123786 confluenced with a MACD divergence, the figure and a spinning top. The question as always now remains to be asked "What will happen next?" And the answer is of course "We don't know!" But what we can do is manage this trade while we are still in it and anticipate what could happen next from the information presented before us.

So we can see that the first obstacle in the way is a S level. Could price be doing a retest? At the moment price is fighting back! Could we see a bullish tramtracks and a retest of the figure? What are the other indicators saying? Stochastics is OS but the signal lines have yet to cross over and is it still giving a fake reading?! I will leave it to you look at the other indicators.



It looks like we are in for an interesting week so lets see what happens. I hope you got some of the spoils that were on offer today. Your patience was rewarded. As always do your own analysis!

Alright Rich! Hope you had a top weekend mate. Mine was really chilled although went to a couple of parties on Saturday and caught up with some ol' friends. How bout you geeza?

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

Week 2 on the Kiwi

Good Morning Dynamic Traders,

Hope you all had a great weekend, and are ready for another week of trading.

On Friday I discussed the possibility of price reversing with a 123 top and the possibility of price being in a bullish flag. Unfortunately due to the weekend and the markets being closed we have had no action in price so we are going to have to wait a little longer to see what happens.
However there is a third possibility on what price might do, and that is oscillation. Price has not hit the Fib reversal level, which means that the 123 top theory is slightly weakened. With price being in an uptrend and price missing the Fib reversal level, price might end up confused and might oscillate until it decides where it wants to go.

The best action to take here is to get ready for all possibilities and then wait. This way we won’t miss an opportunity to make money.

Happy Trading

Richard Monnery