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

Where did the week go ? The start of the week offered plenty of promise, however as the week closes, not a lot of the trades have materilised. Where have all the trends gone ? has been the comment from a lot of people I speak to. You have to remember that the market will do what the market wants to do and it will always be right. You must stick to your trading plan and learn to be focused on what you are doing. You must be consistant in your trades and keep acting on your signals.

80% of your funds will come fron 20% of your trades, thats trading !

Our blogged trade we have been following this week has turned against us yesterday and today so far.

EURCZK Daily

Will price return to the trend ? Only time will tell, the DVI is giving resistance from above.

The worst mistake investors make is taking their profits to soon, and their losses too soon. 

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

I hope you all had a great week end and treated your Mothers to a great day yesterday. Spring seems to be in the air with some rays of sunshine and the daffodils in flower.

The JPY crosses have been returning plenty of profits over recent time, however they remain cautious due to the possible intervention of the bank of japan, as has happened on more than one occassion over the last year. If you put all your eggs in the JPY basket, you could lose an uncalculated loss quicker than you have made it. Be warned and trade to your rules. Read Zaheers blogs regards the JPY.

Last week I highlighted the EURCZK, if you were following the blog, you will now have been triggered short into the trade.

Price is below the DVI, having broke support and retested it as resistance, there has been two occassions as shown on the chart for you to have considered entry.

The long term trend and bias is Bearish providing the momentum and shorter term is in agreement.

We have some support around 24.300 and the RN 24.000 below, with 1R before this point.

EURCZK Daily

As TREND traders, you may well know it started with the "The Turtles", I found an interesting video by Russell Sands who was one of the Turtles. The video is a little long at 1hr 23min so you may want to watch it in one of your quiter moments, but try to watch it. You will hear many of the rules that Dynamic Traders has taught you being mentioned in the video.

You know when your right when the other side starts to shout.

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

After a couple of blank days on the analysis front, some crosses have made their move, or so it looks. I have been triggered into a few trades since last night, which are in minimal profits at present. One trade that triggered Tuesday was the EURCZK on a Breakout strategy. Lets take a look.

EURCZK Weekly

The trend is down, Price is below the VI at present. We have a support line drawn under price and the VI was offering Resistance from above. Price tests the VI before passing through and produces a double top in a downtrend, above the VI. Price returns towards the trend and passes below the VI, before using its support as resistance. As price passes below its low, we are offered a Shorting opportunity. 

EURCZK Daily

We can now see more clearly, price using the VI as Support one minute and Resistance the next. A break of the low provided us a Shorting opportunity. We will watch with interest to see if the trade develops.

If you spend more than 14 minutes a year worrying about the market, you've wasted 12 minutes

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

One of the problems traders have when there is not alot going on is "Itchy Fingers", they feel there is a need to be pressing a button on their trading accounts and "Trading" something, anything....................

Having got a blank on my analysis over the weekend as regards breakouts, there was a little flicker of Maybe with a couple of the crosses. One of these was the EURSEK.

EURSEK Daily

You will see Price has been bearish of late and is below the VI, suggesting if there is a trade it would be a Short.  More recent price has headed back to find comfort with the VI. Our tools gave us a possible long trade ???? Itchy Fingers may have taken the trade, but why ??

Our bias is Short, we have the VI and RN above giving Resistance and 1R would not be met before these obsticles. 

We are better waiting and watching Price make its move. A BOB below Support would be our preferred method.

Itchy Fingers ? Turn your computer off and go for a walk.

You know you are right when the other side starts to shout !

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

Having had our weekend to make our analysis and look for opportunities, we do have some crosses looking as if they may be close to a BOB. As we wait for these to come into play, many a friend has been sking over the last month or two so i thought we would look at the NOK.

OK enough of the snow, I meant the NOK Daily chart.

Price has produced Higher "High's" and Higher "Low's" and is at an interesting position.

The Bulls have been in control for a while overall, yet price currently is below the VI, giving a Bearish bias. Having produced a recent Higher Low, we are now looking to retest the VI.

Will price move back above the VI and look towards another Higher High ?

Will price retest the VI and use it as Resitance having moved down through it, as Support ?

If it does the latter, we will see a change in its recent trend and a finish to its Higher Lows.

A retest of the VI and a move below the recent support may provide a BOB and Short entry opportunity ?

A cynic is a man who knows the price of everything and the value of nothing !

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

With the market yet to decide which way it will move for further than a couple of days, I was recently triggered into the AUDJPY, so lets take a quick look.

What is our COE ?

Price above the VI, Price has squeezed towards the VI which acted as resistance before breaking through it and then used it as support. Since that time we have had further opportunities to enter this cross which continues to rise.

90.000 looks as if it could give resistance, ensure you are risk free prior to reaching this point.

Momentum short, medium and long are bullish.

How will it see the week out ?

"Your emotions are often a reverse indicator of what you ought to be doing."

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

With an extra day in February this year, I will be staying indoors tomorrow incase any females out there plan to use their once in 4 year option of proposing. We are flooded with options each day of going long or short in the markets and thank the stars we don't have to wait as long as the females do for their option.

You will all be aware by now that nothing is guaranteed with the market and the market is ALWAYS right. In recent years we have made very nice gains with the trends in the 1st quarter, however this year with all the confusion with the Greek debts, westill await.

What we must always do is look for a number of COE and stack them in our favour. When our mechanical systems alert us to a trade, we must then put our training to use and decide whether you are happy to take the RISK involved in entering the trade.

In Switzerland, Fondue is Cheese Fondue

Cheese fondue is a traditional Swiss dish that originated in the Alps, mainly in and around the canton of Valais (French) / Wallis (German). Contrary to popular view outside of Switzerland, it did not originate as an après-ski snack; it’s a hearty peasant dish, using ingredients that were available in the winter: cheese, wine, coarse peasant bread. And since it a traditional dish, it never went ‘out of fashion’ or ‘died out’, as you might think it did if you live in the UK or the US or any place that had the Great Fondue Craze of the ’70s, when a fondue set was a ubiquitous wedding present. The cheese used melts easily.

Our recent cross CHF has also melted away and it has served us well with over 800 pips profit, lets look to where it is today.

We can see the double top at resistance and the decline of price since then, the trend is down and the conservatives would rather wait for a break of the main support as shown on bottom of the daily chart. price has paused for breath before continuing down and there is still plenty of room for profits before the VI or support of our "Fondue Pot"

How many COE do you have in your favour from the tools provided to you ?

Once you have listed these, would you take the trade ?

If the answer is yes, how many other people in every 10 would agree with you ?

"Your emotions are often a reverse indicator of what you ought to be doing."

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 = 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