Good mornig dynamic traders,
Here are todays forex trends.
Forex Trends taken from the Dynamic Trader Trend Analyser
Javid Shaik
Forex Analyst
June 2009
June 23, 2009
June 17, 2009
Looking for an opportunity
Good evening dynamic traders,
It has been another busy week for us which has again prevented our consistent updates. However, I know you will have all benefitted from the updates from the Dynamic Trader bloggers on our other forex blogs www.fxcps.com, www.fxcps.co.uk and www.fxcps.eu
Today I would like to mention what I think regarding the Loonie. This pair looks to be getting ready for a position from it's recent move. Use our two legged extension to check for the initial current target. If an entry is on the cards then use the methods shown exclusively on the Dynamic Trader forex webinars to take a position on the right side.
Do not forget tomorrow the price could be affected by the CPI and Unemployment Claims. This will be a good guidance for direction too.
Below is today's forex trends.
Forex Trends taken from Dynamic Trader Trend Analyser
Good trading...
Javid Shaik
Forex Analyst
June 09, 2009
Yesterdays Analysis
Good evening forex traders,
Further to yesterdays webinar analysis we can see today at the time of writing this update the GBPUSD has rallied 250 pips and the USDCAD has dropped 139 pips.
I am hoping this has shown you all the zone of reversal and the effect it sometimes has. The basic analysis demonstrated was to provide you all with simple techniques you should all look to implement. This is a very simple method of making money from the markets.
Many of you have emailed regarding questions since yesterday and I have not had the time to reply to all of you as yet but I am still going through them and will get back to you all by tonight.
Below are todays forex trends.
Forex Trends taken from Dynamic Trader Trend Analyser
Javid Shaik
Forex Analyst
June 03, 2009
Profit taking day
Good evening forex traders,
It has been one extremely busy day for us and I am not talking about the markets. I was hoping to do an update this morning but this is the earliest I have had a chance to do one. As a result of being so busy since we have been back from our road trip, we have decided the next few days of this week, all emails and calls will be put on hold and dealt with from Monday at the earliest and not before then so please be patient.
The currency markets seemed to be taking some profits today and is also gearing up for some big news this week so we have witnessed some intraday pullbacks. This is normal behavior as has been pointed out previously. Below is the chart for todays forex trends.
Taken from Dynamic Trader Trend Analyser
While talking with Roger today who I am sure will become an excellent currency trader in time, I realized a few things while going through his notes from our one to one training. Roger's colour is green and subsequently he assimilates information in only the way greens can do. I went through his notes from our mentoring today and noticed how crystal clear it was. No waffle, just clear precise points. It was as if the whole two days was one big trading plan for him. That explains how he managed to pick up two strategies so easily and quickly.
Roger has an affiliation for Double Deviation and 123's and it seems to be a favorite amongst many of you and for good reason. However, a stumbling block I have found many traders face is a subconscious need to be right when the market does not do what they were expecting and then what takes place is a period of torturing data to se why it did not do what they were expecting and subsequently self sabotage. This is a cycle majority go through and as a result miss the obvious set ups and end up taking the obscure set ups. Trading is not easy, if it was everyone would do it and of course that is not the case. However, trading is not difficult but what is easy to do is to make trading more difficult than it is and end up feeling lost. Roger has the right idea, he kept it very simple and my advice is that is what you should all do too.
Life is complicated enough without bringing it into your trading.
Javid Shaik
Forex Analyst
June 02, 2009
Weak EURGBP
Good morning forex traders,
The EURGBP has been bearish for a few weeks and now could be showing further signs of weakness. The break of C4L could be the catalyst for further downside but watch out for traders remorse.
The USDCAD is still showing bearishness despite the previous daily candle formation. We may see a pullback short term though.
Although Gold has reversed a little yesterday and today, our model is still showing bullish signs.
Crude oil is still bullish according to our system and is likely to tag as per our original analysis of the $70 region. Since the webinar crude oil has climbed to 600 points profit.
Today's forex trends are below. You can click the table to expand it.
Good trading.
Javid Shaik
Forex Analyst
