Hello dynamic traders.
Hope you are all having a good weekend. The weather has held up well and indeed it is quite sunny here in the West London region today. Lewis Hamilton won and Arsenal didnt lose so all in all a good weekend.
Javid informed me that Agnes has done well last week from the 3D strategy we shared with you advanced dynamic traders and also Jaco gained 1200 pips from 3D so all in all, it seemed to be a very good week for most of you dynamic traders. Well done to all of you trading 3D. I would like to thank those who took the time out and contacted us during this week.
Thanks and congratulations to Jagir and Saba for doing an outstanding job with the continuous updates on Javid's forex blog. Many of you commented how you are enjoying these updates and how they are helping you with your own trading. Thank you Saba and Jagir. In the coming weeks the forex blog will have an additional forex update. The mornings will be analysed by Saba, late afternoons by Jagir and the evenings by Bijal. We are all looking forward to Bijal's updates. I wold also like to say a quick thank you tyo Bijal and Ash for our London Art Fair passes which was a great day out.
Talking of updates, I would like to point out a swing trade possibility on the GBPUSD.This pair has been in a downtrend since July 2008 and after producing a pullback and continuation it seems to have found some support. If you are looking for an appropriate entry point for a short continuation trade then a little patience may be required. I am looking for a pullback to 175 - 179 zone with my usual confluence of events and depending on circumstances at the time, I want to look for a short entry on GBPUSD with a good positioned stop loss.
The GBPUSD daily chart below courtesy of Advanced Get shows the pair with XTL. The green area shows the zone I want to see the pullback extend to before opening a new short position.
Good forex trading..
Currrency Analyst
Anne Chapman
