Daily FX | Dynamic Trader Blog

The Need for Training

Good morning dynamic traders,

I spent Saturday learning to rally drive in our specifically purchased Honda Civic Type R and must tell all you car enthusiasts that if you enjoy driving then you got to do this experience. Not many times will you have the opportunity to drive at speeds in excess of 100 mph around bends and especially without looking over your shoulder for blue flashing lights.

I firmly believe if you want to learn how to do anything well then get training so thats exactly what we did. We enlisted the help of a professional whose training managed to get us the most of not only our car but also the race track. Just ask the driver in the Nissan Skyline who attempted the same speed and manoeuvre through the chicane behind Javid and found his car about-faced. Looking forward to our next lesson in the next couple of weeks.

This morning the main currencies seem to have taken a reversal. We are short the AUDUSD and locked in profits. The USDCHF has already reversed and we are looking for our entry on this pair. Also watching for USDCAD for a possible entry on this pair too.

I would like to thank our Dynamic Traders John Maher, Clayton Farnworth, Bijal Shah, Saba Jackson and Richard Monnery for all their ongoing help and willingness to share their daily trading with everyone.

A new trading week has begun so another week of profit and loss. I hope all readers of the dynamic trading forex blogs more successful trading.

Good trading.

Anne Chapman
Currency Analyst

Forex set ups

Good evening dynamic traders.

What a cold weekend it has been and it is set to get colder during the week. I think I will certainly be having lie-in in the mornings this week. Although tomorrow we have an advanced driving day so I will have to get up earlier than usual but Tuesday onwards I am focussing on waking up after 9am.

Moving on, I wanted to just share some potential set ups with you all. I have not put any advanced get charts up but I am sure Javid, Bijal or John may touch upon these in the coming days with some charts.

The first chart is the USDCAD pair. This is certain to provide profits very soon so watch for a breakout or reversal on this.

The USDCHF is at an area of resistance but it seems to have broken through previous resistance zones in the past week. However, 1.23 is key so watch this level for a continuation or reversal.

The next currency I would like to share with you is the EURGBP. A confirmed break above 8600 or below 8200 could see some movement allowing profits to be had.

Last is EURUSD. Although not in a position to enter, this should also be one to watch as we may have a 123886 creation but right now it is in a range so some patience maybe required.

I hope you all manage a prosperous dynamic trading week. Please don't forget to check out our other forex blogs. You can click the links below if you have not already saved them in your favourites.

FXCPS.com by Bijal

FXCPS.co.uk by John

Follow me on Twitter

Follow Javid on Twitter

I would like to congratulate those who have used our 3D strategy in the last few weeks and walked away with some nice profits. Well done and continue your dynamic trading style.

Good Dynamic Trading...

Anne Chapman
Currency Analyst

Swissy Set Up

Good morning Dynamic Traders.

As you may have already seen through Javid's Twitter update which he managed quicker than my forex blog update that a short on the USDCHF was confirmed. This was also mentioned on the weekend by Javid again through Twitter. If you have nbot joined up with out Twitter updates then I encourage you to do so as we are giving away free set ups where you may find companies would chage $199 a month or more for this information.

I would also like to inform you all of the seminar we attended called Next Step hosted by Joseph Mclendon. It was a great event but having done UPW 5 times and other events too I think Next Step cpuld have been condensed into at most 2 days as opposed to 3 days. A great event especially for those who have not been to Anthony Robbins UPW and you are welcome to contact me for more details on the event if you would like to.

Last of all I would like to welcome John Maher to our circle of Dynamic Traders. John is a forex trader and although still in his learning process, his update will be invaluable to all those learning to trade the currency markets. John will be updating Dynamic Trader Blog as of tomorrow. Javid tells me his updates will be late at night ready for everyone the following day in the morning. Welcome John and good dynamic analysis.

You can also read Bijal's currency analysis by going to www.fxcps.com/blog

I have just managed my stop loss on the USDCHF trade and am now in profit while having scaled out.

Follow me on Twitter.

Good dynamic trading to you all.

Anne Chapman
Currency Analyst

Manage Your Forex Trades

Good evening forex traders.

Those dynamic traders that had taken my trading suggestions from yesterday on the USDCHF and USDCAD will be sitting on very good profits this evening.

As of 7pm Wednesday (almost 24 hours later) the USDCHF is 200 pips in profit and the USDCAD is 450 pips in profit giving a total of 650 pips for the day. Now is the time to manage the trades and scoop profits while keeping the runner in tact.

Below are the USDCHF and USDCAD charts and you can see from the previous days fx analysis how todays bar has played out.

Good forex trading..

Currency Analyst
Anne Chapman

Shorting USDCHF & USDCAD

Hello dynamic traders.

I am short on the USDCAD and USDCHF as of Tuesday. Both of these are looking good and are already in profit. FIrst position on the USDCAD is already scaled out and now the runner is the only position remaining. Both positions on the USDCHF are still open at present.

Below are the daily charts of USDCHF and USDCAD from Advanced Get. Note the figure and divergence on both currencies.

Read the Daily FX Blog.

Good forex trading.

Currency Analyst
Anne Chapman

USD Strength

We could possibly see some strength this week in the USD as per market chatter.  I have analyzed USDCHF daily chart below and as you can see we have had a reversal at 1.10000 which was likely if psychological support and resistance values are anything to go by.

The price has broken out of the trend channel so I suggest you analyze the breakout bar with an entry stop loss technique if looking for a long position on this pair.

Javid Shaik & Anne Chapman

Chart courtesy of Advanced Get. Data provided by eSignal.