CAD.JPY

Below is our weekly account on the CAD.JPY pair.

EUR.USD - Ripe for a fall?

Confirmation to pull the trigger in anticipating a drop here? Look intraday in reference to our bulletin.

USD.JPY - Positioned for a longer trade

On our Hawaii Forex advanced bulletin, I've outlined a possible long position based on a daily chart.

Hawaii Forex Class - "Managing the Trade"

Given our experience where training someone in the financial markets requires a considerable amount of time and dedication on part of both the instructor / traders conducting the sessions not to mention the amount of information for the participant, a one - two day workshop is rarely helpful.

What typically happens after attending a 1 day workshop is that attendees are either overloaded with information that could possibly hurt them as they eagerly over-leverage their accounts with new trading techniques or they're still confused at what to do next.

Realizing this, our team has decided to take a different road that makes a lot more sense in allowing a person to absorb information at a pace that best suits them. The format is "online", small groups, customized and spread over a course of time that suits the participant's schedule and frame of mind.

More information can be found at the link below:

http://www.hawaii4x.com/classes/rb/lunch.learn.platform.html

What's up with the Yen?

There might be a nice opportunity brewing ahead for the USD.JPY pair given the following weekly chart.

Our main forum covers intraday opportunties based on the 3 drives pattern to the left on the fall to a possible major support "zone".

AUD.USD - Continued Trade

As of this posting, the pair has rebounded over 100 pips as illustrated on the 30 min chart here.

Longer term traders could lock in profits under a trailing stop for a further push up. This style of trading is a mirror model from Ed Ponsi's book Trading Patterns & Probabilities from our website at www.hawaiiforex.com.

Just go to the bottom right of our home page and click on 'Advanced Trading Techniques' or you can access this area from our Blog menu.

Advanced Fibonacci techniques to pinpoint entry, stop and profit targets are well explained in books by Joe DiNapoli.

One thing for certain given our trade here is where one certainly would not want to turn a profitable trade into a loss. So, the suggestion here is to either manage the trade properly by either taking profits and look for your next opportunity for re-entry or employ a trailing stop.

AUD.USD - Intraday

There's a lot more that goes into intraday trading than what I'm about to show here but thought it might be helpful giving part of an analysis we typically do in our trading sessions and bulletins.

Without a complete understanding of risk management and other parts of a well formulated trading plan, inexperienced traders will fall into more harm to their account than good.

Below is a brief illustration where as of this posting there have been a few intraday opportunities with the AUD.USD pair we started this Blog with. Please note again that this is only part of an analysis and posted here just as an example to spur thoughts.

The diagram illustrates a few concepts being a directional pattern based trade in line with the higher daily trend to pinpoint entry and stop placement using advanced Fibonacci analysis within DiNapoli levels.