Eur-eka !

Good Evening / Morning Dynamic Traders

“Better to have tried and failed, than not tried at all”

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

Hope you all enjoyed the weather over the week end. Today was a holiday across the pond so volumes have been low and we enter 2 short weeks, with Non Farm Payroll on Friday and the Jubilee celebrations in UK next Monday and Tuesday.

I had spotted this on the Eur and thought I would share it with you as soon as I could.

We all know the doom and gloom in the news regards the state of the Euro, as chartists do we really care ? they say it is already in the charts, so lets see the daily chart.

We have seen a "Head & Shoulders" pattern complete, with a double top as the "Head". We have a weak lookin doji showing for today, (Candle not complete as I write) and it spiked Support acting as Resistance. If we break the low tomorrow we will have further wekness and look to add to our Short positions.

If there is something you really want to do, make your plan to do it. Otherwise, you'll just regret it forever.

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

Please do your own analysis before entering a trade.

For training goto http://www.thedynamictrader.info/forms/J9JDM/

Trade with Passion

John Maher
Forex Analyst

Corn & Trading Update

Good Day Traders,

I wanted to take a brief look at corn today as it is at support again having re-tested the value index and found resistance there. The difference this time was it did not break through the value index but merely tagged it. Whether this is significant or not remains to be seen if we see a break down in price.

The other thing to note is the movement of price down from the value index, it is fairly straight and sharp. One for the watchlist this week.

Trading update from last week

Cotton - Price of Cotton did bounce back up after the break down as suggested last week.Price broke some distance beyond the support line and has not quite come back up to the previous support on the re-test. This could still happen before price does move down. Depending on your trading style you may enter at the break of re-test or you may wish to wait for the break of the figure for an entry short.

Treasury Bonds - In respect of the US Treasury Bonds, price did not quite manage to get to the 15000 figure, it found resistance at around the 14820 area. It  has been re-tested again but a break out has still not occurred. This one is on the watchlist. 

Bijal Shah

Weekly Round Up

Good Evening Dynamic Traders,

I hope you have all had a great weekend.  I’ve had an awesome weekend as I went back home to celebrate my birthday with my family.
Tonight I would like to have a recap of Goldman Sachs and Walmart Stores and share my thoughts for the week ahead.  GS is still looking good for further weakness and we may also have a short entry on the horizon however you will need to make sure that price is able to hit T1 before any support areas.  I would definitely recommend having this chart on your watch list, especially if price keeps falling.
WMT hasn’t moved much since Friday however it is great to see price jump out of the range it was in for 3 months.  Again another good chart to have on your watch list, because if price does begin to drop a strong support/resistance line might be able to help keep price up.

I hope you all have a great start to the week and fingers crossed we get similar weather to last week.

Carpe Diem

Richard

Resistance ahead for HRL?

Good evening all,

With last week's format in mind, I thought I would post another stock that could be in the reverse format, that is HRL maybe approaching a resistance level that could cause a consolidation/ retracement in price.

Price is currently approaching a range high level, which incorporates last years high point area, which is clustering in the vacinty of the psychological strong figure area too.From the chart, you will be able to see, that MACD is also offering divergence, and so a warning is being given, that could be construde, that weakness maybe coming into the present upmove, and so although a signal is being offered on one of your strategies for the long entry, this could well be another case that should possibly get over ruled by discretion, and therefore illiminate 'chasing the trade'.

Next week will tell, but as usual, please ensure to do your own analysis.

Charts courtesy of Interactive Data.

Have fun.

Clayton.

What next for Google?

Good afternoon all,

With the S&P 500 standing close to support with the DVI, I thought I would show a chart of GOOG, which is at a similar juncture.

On Friday, one of your strategies gave a shorting signal, which does look good, in my opinion, but there is the support cluster of former physical support due to the previous low area, the daily VI, and the figure. Should this area get broken decisively and hold, or the 'AE' occur, then a continuation south could well occur. This is a more conservative approach, and the 'AE' may not even occur, which could then lead to an entry being missed should the weakness continue, and so once again, this is down to your personal plan of 'acceptable trades or not'.

There are several confluences supporting a continuation down, but as mentioned, there is also support to be overcome, and so your stance as a trader, should determine which approach is best for you, after weighing up the things that are on offer, so as to enable you to make your decision. 

As always, please ensure to do your own analysis.

Charts courtesy of Interactive Data.

Good trading.

Clayton.

Trading updates on supported stocks.

Good afternoon all,

At the beginning of this week, I posted two updates regarding GT and PAYX, and both stocks were offering shorting signals as of the Friday previous.

However, these 'questionable' shorting opprtunities, were posted for a reason, and that was to try to encourage people to think for themselves, and not 'blindly follow' signals as if they were the 'holy grail' of trading, because as you should all know, this does not exist, and you should look for 'the higher probability trades'.

In those two posts, I tried to offer reasons against these trades, and now, after a further week of trading is coming to an end, you can now see the outcome for yourselves.

Both stocks moved higher from when they were posted, and so the idea of using your discretion, has payed off in these two instances, which is good, but remember, you dont have to be correct all the time, or even most of the time, just so long as profit out weighs loss, and discretion, can aid in this.

Have a great one, more charts over the weekend.

Clayton.

Week 21 Trade Update 2012

Good day traders

The week is ending with the pip total hovering just over the 1600 mark with open positions on the NZDCAD, NZDJPY, NZDUSD, GBPAUD, AUDCAD, EURGBP and EURJPY with multiple positions open on some. All are also risk free. 

This week was the perfect week for me to have gone to Germany with pull backs happening across several of the currencies and profits being added to others. This was one of those weeks that the novice trader would be sweating over as the market takes away some of the profits but to us Trading Room members we know this is all part and parcel of trading and understand this as natural market movement. 

Pull backs offer opportunities to enter the market and all we have to do is stand aside for now. enjoy the weather but keep an eye on the market in the 15 to 30 minutes a day we have got our market analysis down to and then jump in once set ups appear. 

Trading Room members have the weekly webinar to look forward to on Sunday which will put us all in good stead for the week ahead and know exactly which currencies to keep an eye on. We really are blessed to have been given the knowledge and support to be in the 5% Smart Money.

Finally, I would like to take this opportunity to welcome Dominique's girl friend Malin and best friend Alexander into our inner circle of Dynamic Traders. They were inspired by Dominique's own success since he joined at the end of last year. They completed their day of mentoring this week and I have no doubts that they will soon be achieving the same heights as Dom and the rest of us. They are both inspired and focused individuals and we are proud to have them amongst us. Welcome guys!

Remember to find time to do your own analysis at the weekend.

I wish you all a blessed weekend.

"A river cuts through rock, not because of its power, but because of its persistence."

Zaheer Anwari

Trend Trader

Rocket on Walmart

Good Evening Dynamic Traders,

I hope you all have had a great week and enjoyed the awesome weather.  Friday is finally here which means that the weekend is almost upon us.
Tonight I would like to revisit a chart that I haven’t looked at for a long time now, Walmart. When I first started looking at Walmart price was in an uptrend after break above the VI.  Since February price has been moving sideways in quite a large range, which is why I have been fairly quiet in regards to updates on this stock.  In the day chart below you can see that price has been rocketing up and smashed through the resistance area that was keeping price in a range.  Although this is a great display of bullishness I won’t be looking to go long until price performs a pull back.

My reason is down to looking for a breakout.  Price was in a range for roughly 3 months and because of this fact I want to confirm that price is able to stay above the range and a breakout would help to confirm this.

Due to the recent price action I strongly recommend that you keep an eye on this chart, because if price can continue this increase in strength, this would be a nice long position to find ourselves in.

I hope you all have a great weekend.

Carpe Diem

Richard

Rule Britannia

Good Evening / Morning Dynamic Traders

“Better to have tried and failed, than not tried at all”

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

The weather has been fantastic over recent days and I do believe it may be the arrival our overdue trends. It is always great to find you have had a profit throughout the day and many of you will be recording record pip counts over this last couple of weeks. What is the most pips you have had in a MONTH ? Can you get that again in a WEEK ? when you do can you get the same in a DAY ?

Time stands still for no man and at this time of the year, it is with some sadness I remember the guys we left behind during the Falklands War in 1982, Guys R.I.P. Always remembered. Where did those 30yrs go ?

We looked at the GBP a couple of blogs ago and we had made a profit as the cross showed a Bullish move, most of us got stopped out as the pullback started as a text book flag and we awaited a signal to add to our positions. The signal never came and after a brief pause it continued to show Bearish, which in turn stopped everybody out of their positions.

Lets look at the WEEKLY Chart

It is easy to see Price being squeezed between the WVI and the drawn Support line. We recently saw a false breakout above the WVI and price has now returned below. What will happen when we reach Support ? A Breakout ? Which way ?

Lets look at the Daily Chart

On this chart you also see Price between the DVI and the drawn Support line. After hitting Support, Price makes a neat Bullish move to the DVI and then consolidates (Yellow Box) During this period the DVI is tested on occassion before making a Breakout above the DVI. This is where many made a profit before being stopped out on the pullback which has continued back below the DVI and may keep going until Support is reached.

This all said, on reaching Support we will have a Higher Low and in turn could send Price back into another Bullish move. 

Have you got room to reach target before Price reaches Support, if not you would be better waiting to see Price make its next move, so stand aside and enjoy the weather.

If there is something you really want to do, make your plan to do it. Otherwise, you'll just regret it forever.

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

Please do your own analysis before entering a trade.

For training goto http://www.thedynamictrader.info/forms/J9JDM/

Trade with Passion

John Maher
Forex Analyst

GS Dropping

Good Morning Dynamic Traders,

I hope your all having a great week, and enjoying the awesome weather, which has made a nice change.

Tonight I would like to look at Goldman Sachs, because it has been a while since I last looked at GS which is starting to look good for a potential shorting position.  Since the beginning of this year price has turned and started to climb until it climbed above the VI and performed a Head and Shoulder formation which has seen price start to drop.  A couple of weeks ago price dropped below the VI and price has continued to drop since.   This week price has found some strength at the figure of 95.00 and currently this strength is beginning to look like a bearish flag. This bearish flag will be confirmed if price drops below the pivot point at the support line.

 

Depending on what kind of trader you are will as always depend if you decide to take a short position if price does break below the support line.  You will definitely need to make sure that T1 comes before the figure of 90.00, but you will need to keep an eye on the previous support/resistance areas from earlier in the year, because these areas will definitely effect prices journey down.

I hope you all have a great rest of week.

Carpe Diem

Richard

Cotton reaching for further lows

Good Day Traders,

The price of cotton has started moving down again and produced a break down beyond support. The area price is at has previously been an area of consolidation and price has found it difficult to move out of it easily. Whether that is the case currently we do not know yet but MACD is showing convergence which may suggest that we might see some sort of pull back or consolidation prior to any further movement.

If this is the case then there may be an opportunity to enter with the trend and short this commodity on a second break out. One for the watchlist.

Patient Trading

Bijal Shah

Trading Round Up

Good Evening Dynamic Traders,

I hope you have had a great weekend and are well rested for the week ahead.

Tonight  I would like to recap where price action is on the stocks I updated last week and what plan of action I will be taking this week in regards to them.
The first chart I looked at last week was ANR and price is still making a steady drop.  If you are not already in a short position on this chart you may have an opportunity when price arrives at 10.00, but this is dependant on price having a breather.  If price does and if the breather is looking neat and tidy then an aggressive entry based on the pull back as oppose to the breakout may be possible.
The second stock I looked at was ABT, which seems to be struggling to climb after a breather.  We do have a 123top present, however the MACD isn’t really offering much confirmation in the way of divergence.  If price does decide to turn and drop, confirmation of this would come after price drops below the neckline of the 123top.
My third chart from last week was NRG and there isn’t too much to report other than it is a game of being patient and waiting for price to confirm with us whether it will continue to drop or climb.

Again, I hope you had an awesome weekend and I hope you have a wicked start to the week.

Carpe Diem

Richard

Treasury Bond break out

Good Day Traders,

The price of US Treasury Bonds has been gaining strength since the middle of March and providing nice profits. Price has just broken out of a resistance zone on the daily chart and looking to continue. For those already triggered in will see some profits and those that are on the periphery and have not quite pulled the trigger there may be an opportunity either now or closer to the 15000 figure where price may experience a pull back.

Patient Trading

Bijal Shah

Another stock with good support.

Good morning traders,

Today's chart is of PAYX, and again, as with yesterday's post, this stock is at good support too, which could quite easily give rise to a bounce or retracement or consolidation structure, and so these two posts can be construde as not shorting opportunities, but rather to show when patience may well be needed.

PAYX had a strong down day on Friday, which lead to a shorting signal being given on one or more of your strategies, but price now finds itself in the vacinity of both the daily and weekly VI's, the figure area and former physical support.

Although signals are good indications of what may occur, it is best not to just blindly follow them when they occur, when such strong confluences are opposing the continuation south as in this case, because the probabilities, do get reduced, albeit, it does look good to continue down in the end, should price manage to clear this area. In this scenario, it is probably best to let the bulls and bears sort it out until a clearer indication of what is going on materialises, and this could be in the form a an 'AE'.

As always please ensure to do your own analysis.

Charts courtesy of Interactive Data.

Good trading.

Clayton.

Good support below.

Good afternoon traders,

GT is a stock that I will keep an eye on for next week.Although it has given a shorting signal, I am not going to jump in on this one due to the excessive amount of support below.

On looking at the chart, several areas have been broke, such as recent low points and trendlines, whilst having a weekly and daily downward bias.

However, on a little closer inspection, I view this as not such a great high probability trade, due to fibonacci reversal areas below, former physical yearly low points, and also the big round number.

This is not to say that price will not continue down, but a bounce or retracement could well be on the cards in my opinion, perhaps something for you to consider.

As always, please ensure to do your own complete analysis.

Charts courtesy of Interactive Data.

Enjoy your trading.

Clayton.

Corn & Gold update

Good Evening Traders,

Hope you have had a good week. 

Corn - Price of corn and gold have done similar things. It has come down to previous support and bounced up now heading towards the value index. We need price to break out of the channel before any action can be taken.

Gold - The price of gold came down to support and has bounced up gaining some momentum to the upside. Price is now close to the 1600 figure which may act as resistance. It will be interesting to see now what price does and we will wait for it to provide further guidance before any entry is contemplated.

Patient Trading

Bijal Shah

A good weekly round-up.

Good afternoon traders.

The first stock mentioned this week, was VZ, this ended up the least well performer at 180 pips profit at its best, although these were not banked due the the rules, but at present is still up.

Next was GME, which at its lowest from when it was mentioned, ended faliing just over ten percent of its value, so a good trade to have had.

Finally, the last stock to report on, which was the mid-week addition, which was AAPL. This , is a very highly valued stock granted, but from mentioning a couple of days ago, had fallen upto $20:00, but at present is at about $15:00 down.

So, at best a possible tally of upto circa 2400 points, in one week, but , this is not banked, but being managed accordingly. All in all, a good week.

Have a great weekend.

Clayton.

Long & Short

Good Morning Dynamic Traders,

With the weekend insight, I hope you’ve all had a great week and looking forward to a rest.

This morning I would like to bring to your attention two different charts, which are 2 charts that I have updated in the past, ABT and NRG.  ABT is looking good for a long position and NRG is looking good for a short position.  In the day chart below you can see that price has been trying to climb from its breather.  However the climb back to the top has been a challenging climb which is a clear demonstration of how strong the resistance is at the figure of 63.00.

 

Conversely NRG is still in a downtrend and in the day chart below you can see that price is on its second attempt to drop from very steep pull back.  Although price is not yet near an entry for a shorting position, I wanted to bring this chart to your attention, because it is definitely worth keeping an eye on until the time comes.

I hope you all have a good rest of week.

Carpe Diem

Richard

Break down on ANR

Good Morning Dynamic Traders,

My apologies for missing my weekly roundup blog last Sunday evening.  Last weekend my girlfriend and I moved out of our flat and had tremendous fun in the process with all the heavy lifting, packing and unpacking! I hope you all had a great weekend and no doubt had more fun than I did.

Tonight (this morning) I would like to have a look at ANR again, because from my last update from last Thursday night, price has had an interesting move and depending on what kind of trader you are and what strategy you have used, you might be in a short position after price broke the support line.

In the day chart below you can see the break down and can clearly see the steady movement in price.

If you are in this trade you need to make sure that T1 appears before the figure of 10.00, because this figure could provide us with some resistance, which shouldn’t come as a surprise.

Are you in this trade?

I hope you all have a great week.

Carpe Diem

Richard

Is a bite of the 'apple' near?

Good evening Traders,

Just a quick intra-week update from me, regarding aapl.

Price is at an interesting point, in as much as it is in a squeeze formation, below weekly and daily trendlines, showing a break, at former support but above breather levels, yet also above the weekly and daily VI.

This therefore, is still only in the throws of what 'trend trading' would call a pullback, but keep your eye on this to see what you think and what will happen.

Charts courtesy of Interactive Data.

Clayton.