CADCHF Marching On!

Good afternoon ladies and gentlemen

Can anyone actually remember when it last rained in London? Off the top of my head I can't. I just want this to continue all the way through summer. I hope I haven't just jinxed the weather!!!

So for those following mine and Richard's blogs should be aware of recent action that would have triggered you in if you had done your analysis and also depending on your trading style. I got triggered into the CADCHF yesterday around 1.0750 and today's bar has so far continued in the direction of the trend. With risk management in play my stop is around 1.0500 which won't be moved until I hit my first target or I have been stopped out. A mechanical entry with mechanical management with the odds stacked in my favour. Those who were expecting a reversal after the recent pull back may still be right with this being a Fake Out but if that is the case then that is what my stop is for. However, with the outstanding analytical skills bestowed upon myself and my fellow bloggers and "Trading Room" members we have no reason to fear that happening. I have purchased my ticket and am waiting to see where the ride takes me.

As always do your own analysis.

Read my fellow bloggers on http://www.fxcps.co.uk/ and http://www.fxcps.com/.

My wingman Richard will be back tomorrow with progress on the EURSEK.

Have a great end to the week and I will be back on Monday with a new currency.

Quote of the day is "Be the shift. Stop waiting for it!"

Total Abundance is our Birth Right.

Zaheer Anwari

CADCHF Fighting Back!?

Good afternoon ladies and gentlemen

When I heard about the volcano in Iceland, I thought wouldn't it be nice to have an explosion of massive funds in my account. In reality, this happens to very few on a short term basis unless of course you already have a large amount to play with. Trading the Smart Money way with the right strategies and psychology will bring you outstanding rewards in the long run. Your patience indeed will be rewarded.

My entry into the CADCHF has still not been triggered. Below is the daily and we can see that price has been fighting back since the market pull back but is still 200 odd pips from my entry point. So What can we expect next? Can we expect price to continue it's fight back and break through the pivot? I have stacked the odds in my favour and am now waiting to see if the market will do just that. Yesterday's bar was a reversal candlestick which looks favourable and we always have the trend. We could see a 123886 or a similar chart pattern and see price reverse with a divergence on MACD (is there one?!). This could happen before or even after spiking me in. However, this is allowing emotions to get in the way and me second guessing what could happen next. I trust my analysis, have put in my entry into my trading account and am now waiting for the market to work its magic.



If you recall, with the market pull back I was around 50% down across all my trades. However, with the fight back over the last two days and more importantly focusing on my "management", I have now recouped almost of all of that back with one trade even hitting my first target and hence me now being risk free.

I will leave you to do your own analysis.

Today's quote is "Follow your dreams; they're yours for a reason, not the least of which is to make them come true."

Follow John and Clayton on http://www.fxcps.co.uk/
and Sonia and Bijal on http://www.fxcps.com/
and my wingman Richard here on http://www.fxcps.eu/ on the USDJPY.

Subsribe to the outstanding "Trading Room" to have live online coaching from the man himself. Treat yourself and take your trading to another level!

Total Abundance is our Birth Right.

Zaheer Anwari

Market Pulling Back - CADCHF No Exception!

Good afternoon ladies and gentlemen

I hope you all had a wonderful weekend. I realised that I am now torn between prefering the start of the weekend and the start of the week!! Am I on my own? How many people can actually say that??!! Thank god for Trading and not only that. All of us who have graduated from the Dynamic Trader Webinar apprentiship and are now subscribers to Trading Room will be even more excited than most! Happy Days.

So to the market and as we should know all too well by now is that the market never moves in a straight line. For every good move there is always a period of consolidation where the market corrects itself. The Bulls fighting the Bears. How long does this go on for? The simple answer is until the market decides to do a break out. In which direction? The simple answer is which ever direction the market feels like. Can we second guess the direction? Simply put - NO! The degrees of pullbacks can vary and it is an "uncomfortable" experience to see your profits just suddenly being wiped out. I am currently 50% down across all my trades since last week having also been stopped out of one of my trades at break even. It is during this time where the TP (if a trader has one) goes out the window for the dumb money but where us Smart Money stay disciplined and stick to our trading rules. We do know that we have the direction of the trend in our favour and more often that not the break out from this consolidation will go with our friend.

Looking at the EURCAD we are currently in such a phase. A quote from my mentor which sums up the situation is "The market pays dividends to those that are disciplined so now is the time to follow the rules and not allow emotions to take over. Make sure you focus on the management and not the money!" Some (a countable amount) may say he is not just a pretty face!!

Below is the daily chart and we can see that price has now retraced all the way back to restest the R turned S Line. If I had gone into this trade using the ESLT I would have been stopped out by now. Price did break through but has since been pushed back. It is now just a waiting game to see whether price will bounce back up over the next few days and create another SM entry point or will we see a further drop or even a reversal?




I will leave you to do your own analysis!

For those of you that "love gold" like Goldmember from Austin Powers, don't forget to read John's up date on our sister websites http://www.fxcps.co.uk/ and http://www.fxcps.com/.

The quote of the day is "Intent or thought without action is not enough!"

Total Abundance is our Birth Right

Zaheer Anwari

I Spy A CADCHF Pivot?

Good afternoon ladies and genltemen

Another beautiful Spring day here in London. After yesterday, I thought the beautiful weather we had on Tuesday was a one off but not so! Long may it continue!!

So to the CADCHF and on my last up date price had broken through a S/R level and I said that for me to go into this trade I would like to see a pull back and for me to then enter in on the following BOB. Today's action has done just that with short term traders and day traders posibly scared of losing profits and hence cashing in. As SM we know that this is normal market action when gong with our friend the trend. However, with our knowledge, tools and money management we can see the bigger picture and look to take maxium profits with mimimum effort and maximum discilpine. Below I have the daily chart and we can see that price has now dropped to restest the S/R Line and in doing so has created a pivot and a possible SM entry point assuming prices reverses and continues with the trend. The confluences and indicatiors that I personally look for still say I have the odds stacked in my favour. However, will the market agree and behave accordingly or will we see a further pull back. All we be revealed with time and with a little patience.



Please do your own analysis.

"Keep believing in yourself!"

Total Abundance is your Birth Right.

Zaheer Anwari

The Story of The Generous CADCHF!

Good evening ladies and genltemen

First of all apologies for no updates for about a week now. I have had technical issues loading up images but have managed to sort it out so normal updating can hopefully now be resumed without any more hassles!!

The weather here in London was pretty amazing and helped us to ease back into regular lives after being spolit with our 4 day weekend. I am sure like me you all managed to pack away a little more chocolate in the form of eggs than usual but that's what the Easter weekend is all bout. My mentor will argue that everyday is Easter as said by a true chocoholic!

So for the next set of updates I thought I would follow a chart that was on my watch list but one I did not take as I was at my maximum risk exposure. However, after today's action I am risk free on some trades and am now looking to open up new positions as they arise. Below is the daily chart and we can some solid bullish strength in the market over the last two days. I would have been triggered into this trade yesterday at 1.0552 and would now find myself in profit of around 140 pips. With today's action I would have been around 50 pips away from being able to move my stop to break even but that's life and I was disciplined to stick to the maximum exposure in my Trading Plan. Additionally, today's bar has actually broken through a strong S/R line as well so for those who missed this initial set up, a little patience will be rewarded with another set up assuming the market continues in it's bullish ways!

The market has been moving upwards in a fairly regular fashions since breaking through the VI. It initially found some resistance around the strong RN but eventually broke through. The recent consolidation period has yielded a huge break out which generally suggests further movement in the break out direction, in this case long. I am now waiting for a pullback and another break out before applying the ESLT to maximum effect. Looking at the indicators, the VI is heading up and Stochastics is also looking good! I will leave you to look at the rest!

As always please do your own analysis.

The quote for the day is "Opportunity does not knock only once; it knocks every single moment of every single day for every single one of us!" Spot on!!!

Total Abundance is our Birth Right!

Zaheer Anwari

Round Up Time

Good Morning Dynamic Traders,

Hope you all had a great weekend and are fresh for another fun week on the markets.

As I have been following the CADCHF for some time now, I feel it’s time to move on and follow another currency.
I am going to round up by looking at the day chart, which you will see below. In the day chart you will notice that price has dropped from the RN. So far price has dropped to a Fib breather level, which means potentially price could just be having a breather and could climb further. However if prices dropped below the Fib breather level and we could have a reversal on our hands and if that is the case keep an eye on the VI, because it could act as support for price.













Tomorrow I will move on and we will start to follow another currency pair.

Happy Trading

Richard Monnery

No Change

Good Morning Dynamic Traders,

I wasn’t planning on doing an update today, because I thought price wouldn’t have moved much since yesterday, which it hasn’t. So I then thought what is happening on the lower time frames. Would they show a little more detail on what is happening? Or would we be able to make some money through them?

As you can see from the hour chart below trying to make some money from the hour chart would prove to be quite stressful, because price is moving sideways in a small range. If you look at the size of the candlesticks you will notice that there is a lot of movement in price, which is being demonstrated through the amount of candle wicks.













It is definitely a waiting game with the CADCHF.

Happy Trading

Richard Monnery

Not much Movement

Good Afternoon Dynamic Traders

Hope your all having a great week so far.
I decided not to post an update yesterday because I thought it would be better to wait till today when price might have moved some more. But as you can see from the day chart below, price has only moved sideways since my last update. Why is this?
If you can remember back to my last update on Monday you will remember I wrote about the resistance line that has held price back twice before. It’s this resistance line along with the RN that is holding price back.













If you are still in a long trade, this isn’t too much of a problem. We knew about this resistance area before price got there. It’s now time to be clever, but more importantly trust your analysis and trust your stop loss. This could be an exciting time for you.

It will be interesting to see if price can beat this resistance area by the end of the week.

Happy Trading

Richard Monnery

Up and Up

Good Morning Dynamic Traders,

Hope you guys had a great weekend.

Let’s get back to following the CADCHF. Price is currently in an uptrend which you can see in the day chart below.
If you a long position open on this cross, you should be in profit, and depending on where you entered and the rules you use to manage the trade you potentially could be risk free. If this is the case, the job at hand now is managing the trade to lock in those profits.
Price has currently climbed to a previous resistant level, which has held price back twice before.













It will be very interesting to see what price does now, because the resistance level has proved itself before, but on the other hand the studies at the bottom all support the train of thought that price will continue its uptrend.

Exciting times if you are in this trade.

Carpe Diem

Richard Monnery

Where's Price going now?

Good Morning Dynamic Traders,

Hope your all having a great week, and managed to collect some profits from the markets.

On my update last Thursday, I spoke about price breaking out of the channel and possibly climbing further. However after my update that morning price took a huge drop and fell back in the channel. In the day chart below you can see that price fell below, but then closed at a fib breather level. You will notice that the VI was acting as support for price and we still have the convergence from MACD. These confluences of events all support the theory that price could climb further.













The problem with this theory is that the theory is going against the trend. What might draw some comfort for you is where price is in relation the VI. Price is above the VI, so price climbing further is now even more attractive, but not guaranteed.

What action will you be taking?

Carpe Diem

Richard Monnery

Breaking Out

Good Morning Dynamic Traders

We have finally broken the back of this week, with the weekend drawing closer.

Yesterday we started to follow a new currency and we saw how we could have made money from the downtrend. Yesterday price broke and closed outside of the channel and we have another bullish flag forming outside the channel. Does this mean that the downtrend has ended? It is still too early to know yet, but let’s have a closer look at the recent events so far.

The last time price hit the bottom trend line of the channel, we had clear convergence from the MACD. You will also notice that price hit the trend line at a RN and where the VI was. With these 4 confluences of events this might have been enough to enter a long position, but this is also dependent with the rules in your trading plan. With price hitting the top trend line of the channel 5 times prior to yesterday, you couldn’t be blamed for thinking that’s where price would be heading. As price has now broken out of the channel and above the trend line you should still be in a long position if you had taken the trade earlier.













All 3 studies at the bottom of the chart are supporting the theory that price will increase.

So what do you think will happen?

Happy Trading

Richard Monnery

New Currency

Good Morning Dynamic Traders

Half way through the week now, and I hope your all having a successful one so far.

I have decided to follow a currency pairing that I haven’t followed before which is the CADCHF. It will be interesting to see how these two currencies work with one another.

As always I feel it’s best to start to get an over view of the performance of price recently, so that we can get a better understanding of where price could potentially go. On the larger time frames price seems to be oscillating.
The day chart below shows that price has been in a downtrend since early August. This downtrend isn’t exactly the best of trends, because you can see that it is very noisy. By this I mean that it has many pull backs which are fairly large. This doesn’t necessarily mean that we wouldn’t have been able to trade it though.
In the chart below you can see that I have drawn in 2 trend lines which make a channel. You’ll notice that price has kept the action within this channel. This is how we could have made money from this noisy downtrend.













Tomorrow we will dive in a little deeper to see what other fun the CADCHF has brought us.

Happy Trading

Richard Monnery