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Russian Bulls On The March?

Thursday, December 15th, 2011

Good morning ladies and gentlemen

A glorious sunny day here in London but not the temperatures to match. As long as the rain and the the snow holds off I am not complaining.

For today’s market analysis I have gone further East from yesterday into Russia. I guess here in London we don’t really know what cold is until we have been there. Below  I have the daily chart for the Russian Rouble and we can see that after a retest of The figure of 30.00,  price is now testing a previous Resistance line and if this is broken then we may have the opportunity to jump in. We were given a signal on the break out of the previous high on our latest Break Out strategy which some may have taken but with price currently stuck in a zone my preferred option is to wait for a clean Break Out and flag before putting entries in. There is the high of October of this year to contend with so the trade should no longer be a liability before then. As yet, Stochastic is not looking favourable to further Bullish strength which may be a tip worth adhering to and standing aside a little longer.

As always do your own analysis.

Strength does not come from physical capacity. It comes from an indomitable will.

Zaheer Anwari

 

 

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Polish Strength!!

Wednesday, December 14th, 2011

Good afternoon ladies and gentlemen

I hope you are all having a great week. The latest modified Break Out strategy really does keep us on our toes with the number of possible opportunities we have. Read John’s market analysis here to understand why human discretion plays a huge part in deciding which Trades are worth taking against which are not. The seasoned Dynamic Trader certainly knows with the outstanding mentoring we have all received.

Below I have the daily for the Polish Zloty, the currency of another Beautiful European country that I have visited.  Somewhere I will travel to again for sure as there is plenty I have yet to see starting with Krarkow which was the first city to be put on the UNESCO World Heritage List.

Below I have the daily and we can see that The Bulls have certainly been on the pierogi  having gained a lot of strength since breaking through the VI back in August of this year. It has not been the cleanest of trends, pulling back to the retest The Figure of 3.000 which is usually standard practice,  but The Bulls have generally made light work of the Resistance lines on its ascent. As price sits, it is currently testing the resolve of the 2010 high. It briefly spiked through earlier today but I doubt it would have met the entries of the ultra aggressive trader. As it is such a major high, my stance is to wait for a clean break and retest or flag before considering this one. Once through, entry points and targets will have to be considered carefully as further Resistance lines lie ahead and so is The Figure of 4.000. Stochastic is pro Bull so we are being tipped for further Bullish strength. However, a little more patience may be required on this one.

As always do your own analysis.

“If you would create something, you must be something.”

Zaheer Anwari

 

 

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HUF and Puff and Blow Your House Up or Down?

Monday, December 12th, 2011

Good afternoon ladies and gentlemen

I hope you all had a wonderful weekend. Shoppers are out in drones getting ready for the festive period which is now only a couple of weeks away. Popped into my local shopping centre to get something and lasted about a minute before I turned rounds, back into my car and to the safety of internet shopping!!

With David Cameron  being the lone ranger and vetoing a new EU treaty, it will be interesting to see how this affects the markets over the coming months. For once, I can say well done to our PM for what I believe is the right decision. The Eurozone is yesterday’s news. It’s a failed political project which we are not even a part of yet already paying through the nose to bail other countries out. Britain should be looking to do business with the emerging markets like China, India and Brazil to get our economy back on track.

Right down to Trading and below I have the Hungarian Forint, the currency of a very beautiful country which I visited a couple of years ago. Below we have the daily and if you pull the data back, we can see that price has been in range since 2009 although made up of some trends. As price sits, it is now heading towards the high of that range with the resistance line just below the 245 mark. An entry above this should see see T1 in close proximity to the next Resistance line which is at 255. For the more conservative Trader, patience is the name of the game. A clear break above 255, a retest or a flag and the following Break Out would present the best possible entry point. There are further S and R lines ahead after this so any entries should have risk, stop, entry and T1 all pre calculated. Stochastics on the weekly is giving a fake signal and on the daily the signal lines were OS and now heading back up. As things stand we are looking good but patience is a virtue!

As always do you own analysis.

“Anyone can give up,it’s the easiest thing in the world to do. But to hold it together when everyone else would understand if you fell apart, that’s true strength.”

Zaheer Anwari

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EURCAD A Bears Race?

Wednesday, December 7th, 2011

Good afternoon ladies and gentlemen

I hope you have all had a wonderful start to the week. Half way through and us Dynamic Traders should have been putting into practise some the new goodies we were blessed with by our Dynamic Duo mentors. Not only that but the daily emails we are sent out by them makes it so much easier to master any new strategies we are handed over. We really are well looked after. I am sure it comes from all of us when I say a massive thank you to Javid and Anne.

I put in entries today on the EURCAD last night using the modified version given to us on Sunday of an existing BO strategy we already have. Below I have the daily and we can see that price is very much in range, side winding above and below the VI. Currently price is below the VI hence we should have a Bearish bias. However, Dynamic Traders may recognise that the strategy I have used for this particular trade goes against the grain of everything we have been taught up to now which is short below the VI and long above the VI. We do not need to take that into consideration. Having said that, the Bears are presently on the ascendancy and yesterday’s bar gave the signal we were waiting for. T1 is before the strong Support line waiting up a head so I will break even before then. Stochastics still needs to add further confluence but as Price is our number 1 indicator this one is looking good to go. Today’s bar may end up a reversal candlestick  and so we may a flag before further weakness. As we know price never moves in a straight line.

As always do your own analysis.

“What the caterpillar calls the end the rest of the world calls a butterfly.”

Zaheer Anwari

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CHF Flag?

Wednesday, November 30th, 2011

Good afternoon ladies and gentlemen

I hope you have all had a wonderful start to the week. The markets continue to play havoc with us. Just as we are given the hope for trends to develop price has reversed again. But that’s what our stops are for.

Below I have the CHF, one of the few where the Pull Backs has not been so deep such as that on The AUD and The GBP. I still have my entries in on this waiting to be triggered. The current Pull Back may be a possible retest of the figure where we would like to see price fail, a reversal candlestick and The Bulls to come back in and break out above the high. With price above the VI, we still have a Bullish bias and so this current market movement could be nothing more than a flag. As we know price never moves in a straight line. With NFP out on Friday and with market conditions as volatile as they are I am most likely going to take out my entries by the end of the day and wait until next week before looking for opportunities again. With price reversing back into the range zone, I may even go for a more conservative stance and wait for a clean BO and Pull Back before jumping in.

As always do you own analysis.

“Ambition is the path to success, persistence is the vehicle you arrive in.”

Zaheer Anwari

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SEK Still Not Quite Ready!

Thursday, November 24th, 2011

Good afternoon ladies and gentlemen

Slight pull backs occurring on some currencies and further movement on others. Either way looking good as flags equal opportunities to The Dynamic Trader.

One that has continued moving but is still baking and not quite ready to eat is the SEK. If you pull back the data, you will see that this has not been the easiest currency to trade being more side ways than range bound. Hence, this may not be for everyone. That aside, current price action looks interesting. The Double Top of September 2011 caused price to reverse and retest the VI. The Bulls used this bounce to their advantage and price is now testing the resolve of the high. A break of this however would still require us to hold our horses for that little bit longer because of  the figure. A break and retest or flag and my curiosity will be aroused. However, there are number of S and R lines a head all in close proximity to one another which may prove a nuisance for T1 being reached. For that reason you may have to look at this and decide if this is for you. If not then you can always going fishing else where. That’s the beauty of the markets. Stochastics is well OB but still pro-Bears. In addition, looking at Big Brother – the weekly chart – price is within pips of the VI. Hence a break of the figure will also see a break of the VI and then possibly further strength. SO all in all a number of good reasons to “stand aside” that little bit longer to let this fully cook through.

 

As always do your own analysis.

“Well done is better than well said.”

Zaheer Anwari

 

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SGD Bulls Army On The March!

Wednesday, November 23rd, 2011

Good afternoon ladies and gentlemen

I hope you have all had a wonderful week so far. Temperature has dropped for sure and I fear it won’t be long before we get a glimpse of my arch enemy – SNOW!

There have been some interesting moves in the market prompting us to take action. Dynamic Traders are always at the ready with the excellent market reports and webinars that are handed out to us on a weekly basis. It is easy for a Trader to get complacent during prolonged periods of market correction but not us Dynamic Traders. I have several on my watch list and have been triggered into both The Cable and The AUD,both of which are sitting nicely in profit but still liabilities.

Below I have the SGD, which has always been a good currency for me. It is not always the fastest of moving currencies taking longer to break even than others but one that is consistent and reliable. Like the rest, it too has been hit by quite a prelonged period of market correction with more volatility than usual apparent in the ranges of the bars. After being a Bears market since back in 2009, the Double Bottom of August this year has brought about a reverse in Trend direction as well confirmed by the break above the VI. The Bulls continued to rise until they found resistance at the figure of 1.300 with a Double Top of sorts and a Tram Tracks which sent price into consolidation. The Bears took over, price retested the VI but failed to break through giving momentum back to The Bulls. Price is now closing in on the October high. Depending on your style, aggressive or conservative will determine how you trade this and with the next Resistance line 300 pips away, T1 has to be given a fair chance of being reached. Stochastics is in OB ground but as yet still favouring the Bears. One for the watch list and remember, let the trade come to you.

As always do your own analysis.

Zaheer Anwari

 

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