John Maher

Cross = CHF Daily below  (Courtesy of Advanced Get / E Signal)

As another week goes by in a slow "trending" market, we are yet to see the gains we normaly have seen at this time of the year. This is due to the ongoing Euro zone problems that continue to hold the front pages of our newspapers. This reason is stopping the trends devoloping and continuing their momentum. There are still opportunities to be had, but gains are smaller and a lot of looking is required.

One of these opportunities is the CHF, Lets look at the Monthly

Price is below the VI and has found resistance around a key Fib number after doing a pullback. Will price continue to fall away and return to the trend or could we see a head and shoulders pattern form over the coming weeks ?

Lets take a look at the Daily chart.

Price, our main indicater is above the VI and we have a cluster of COE in our area. Fib Support level, RN & VI. If we can break through these, then maybe we could return to the trend. Ther is a long way to fall to next support. Add to your watch list.

I came across some key steps with regards being a disciplined trader and preached by Mark Douglas, please read them and let is know if they have been a help.

I will not be posting for the next 7-10 days due to some appointments I have to keep, so good luck in your trading.

Mark Douglas - The Disciplined Trader - Summary

The mind is not a vessel to be filled, but a fire to be kindled.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com

Cross = AUD & NZD Daily below  (Courtesy of Advanced Get / E Signal)

Are you suffering PAIN at the moment or are you experiancing Gains in your account ???

Can you emotionaly trade £1 the same as £1,000 or £10,000 0r £100,000 if not, why not ?

You will never know the outcome of your trades, only what risk you are prepared to take when you enter them.

Your COE will highlight trades for you to take and you decide whether or not to enter based on your trading plan.

Our NZD cross has moved 70 pips in profit and we await further upwards movement after seeing Daily Bullish movement. Both our GBPNZD and EURNZD have benefitted from this move.

Continue your education of the mind.

Experiance ishelpful, but it is judgement that matters.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com

Cross = AUD & NZD Daily below  (Courtesy of Advanced Get / E Signal)

When you trade, do you "Change Your Mind ?"........... Not sure ?

To trade successfully, you WILL need to "Change Your Mind"............. Not sure ?

Watch the video below and "Change YOUR Mind"

It is always nice to wake up in the morning and see GAINS in your account after last weeks quitness in the markets.

Our NZD trade has moved strongly today (Day not finished yet) back with the trend, having explained in a previous blog that we counter acted the NZD Long with SHORTS in both EURNZD and GBPNZD, this will woork in our favour if it continues. We have plenty of clear sky on the WEEKLY chart before we hit resistance around the 9.0000 mark.

NZD Weekly

Lets watch its progress this week.

If everybody is thinking alike, then somebody isn't thinking !

Watch the video and "Change YOUR Mind"

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com

Cross = AUD & NZD Daily below  (Courtesy of Advanced Get / E Signal)

Cut your losses and let your winners "Run", how many times have you heard this said ? Do you let your heart strings rule your decisions and not follow your rules ?

If you have followed your rules, got good COE, placed your trade and it goes WRONG...How do you feel ?

You entered the trade with the expectation to win, it never happened .......... How do you feel ?

By having placed your stop, you will have accepted the risk and will cut your losses. Move on,  find another trade and if you get profits let them runnnnnnnnnnnnnnnnnnnnnnnnnnnnnn.

We have been following the NZD & AUD, and are 300 pips up on the AUD and only 30 pips on the NZD, both crosses are currently having a breather and deciding what their next moves will be. As "Trend" traders we have to believe it will be with the "TREND" Both charts have similar traits..........................

NZD

AUD

Continue to master your mind

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com

Cross =  Daily below  (Courtesy of Advanced Get / E Signal)

I thought it best to keep the video series going and will blog later.

Tell me and I will listen, Show me and I will see, Involve me and I will understand.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst

Cross = NZD, GBPNZD Daily below  (Courtesy of Advanced Get / E Signal)

Force works in a strange way, when an amount of energy develops it needs to find a way out and we get a BOB, which somtimes can be very powerful but not always. We also generaly will see the seesaw effect where as one goes down the other side goes up. I do admit to knowing nothing about Physics, even if I did learn to fly a helicopter, however these couple of facts are useful in your trading.

Lets look at the NZD, it is currently in an uptrend and showing further strength, therefore against other crosses we should find weakness. We have weakness currently in the EUR & GBP and if we ckeck our COE we could achieve profits on both sides, if you get it wrong it could lead to double losses.

NZD

GBPNZD

Trading on Forex

Win the "ears" of the people, Their "eyes" will follow.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com

Cross =  EURNZD Daily below  (Courtesy of Advanced Get / E Signal)

31st January, How has Month 1 of the year been for you ? Its that time of the year when the "Tax man" is wanting your returns in order to collect your taxes. If you are taking your trading serious then you will not want to lose profits to the taxman so a "Spreadbetting" account will enable your profits to be "Tax Free".

What is "Spread Betting" ?

Emotions, like your profits will go up and down and I want to look at the EURNZD which we reported in the last blog, that we were in a 200 pip loss. We entered the trade with one of our Pullback "Dynamic Trader" strategies and as can normaly happen, we triggered into the trade and then moved into a loss. Even when you are used to these things happening, your emotions can cause mental stress. However as we write we are now nearly 200 pips in profit within a couple of days.

EURNZD

Learn from the mistakes of others, you can not live long enough to make them all yourself.

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com

Cross =  AUDCAD Daily below  (Courtesy of Advanced Get / E Signal)

Keep an eye on your EUR crosses to find out if the pullback has exausted. Use your Dynamic Trader Tools for an Aggressive entry.

Our AUDCAD trade is still waiting to break its Resistance as seen on our chart, remember the TREND is our friend.

Keep an eye on the CHF for Short entry, Use Pullback for aggressive or BOB for conservative.

"I'm not better than the next trader,just quicker at admitting my mistakes and moving on to the next trade."

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

PLEASE READ THE OTHER FREE BLOGS TO IMPROVE YOUR EDUCATION.

Anne Chapman , Bijal Shah , Clayton Farnworth , Javid Shaik , John Maher, Richard Monnery , Sonia Molina , Zaheer Anwari

If you would like to receive free educational emails about the Forex, Register here.

If you would like to become a Dynamic Trader member, click here to join the Trading Room.

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com

Cross =  AUDCAD Daily below  (Courtesy of Advanced Get / E Signal)

Last week saw a breather in the previous moves with the trend, and with it presented new opportunities.

If your trend has pulled back, then we need to look for either a pullback strategy or a new BOB. Pullbacks can be considered "aggressive" to enter a trade as we have not confirmed that price has or is returning to its trend. We have a number of tools in our bag that should help you with this decision and try to stack the odds in your favour, your Dynamic Trader Training will have taught you these.

The AUDCAD has been in an uptrend since July 2009 if you look at its weekly chart and we have had 5 opportunities to enter this trade since the start of the year with our BOB tools. Long,medium and short term bias are all bullish and momentum is also currently in our favour. The only fly in the oinment is that price is currently testing a previuos resistance level just short of the 1.07000.

Strength through this area will push price into new untested areas.

Remember the trend is your friend.

Real Knowledge is to know the extent of one's ignorance

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

PLEASE READ THE OTHER FREE BLOGS TO IMPROVE YOUR EDUCATION.

Anne Chapman , Bijal Shah , Clayton Farnworth , Javid Shaik , John Maher, Richard Monnery , Sonia Molina , Zaheer Anwari

If you would like to receive free educational emails about the Forex, Register here.

If you would like to become a Dynamic Trader member, click here to join the Trading Room.

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com