Fire Up Your Forex Trading

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1 Prepared by Jaime Johnson and Robert Miner Friday, November 11, 2011 Fire Up Your Forex Trading $100 off NoBSFX Trading Workshop Bonus: 1 Month Subscription extension to the DT Daily Forex Report. Fire up your Forex Trading with Jaime Johnson s 7 hour NoBSFX Trading Course at a $100 discount through Nov. 13 only. Regular Price: $395. Discounted price through Sunday, Nov. 13, $295. Forex Markets Near Major Reversals As we ve shown in the DT Daily Forex and JIT Reports, many of the Forex markets are in positions for intermediate to long term reversals, if not already complete in October. We can only give general trade strategies once a day in the reports to take advantage of these potential major reversals. But, this workshop will teach you a number of different entry, exit, and stop-loss placement and adjustment trade strategies so you don t miss crucial trade set-ups between reports. Complete information on this 7 hour comprehensive educational workshop for every type of trader and for every time frame, GO TO: To receive the $100 discount and bonus one month subscription extension to the DT Daily Forex Report, type the word November into the coupon code space on the order form and click apply. DO IT NOW. THE DISCOUNT OFFER EXPIRES SUNDAY EVENING, NOV. 13. Published by Dynamic Traders Group, Inc, DynamicTraders.com, [email protected], The DT Forex Report is issued Monday- Friday. Reports are generally issued by 8PM, EST. Reports are issued 48 weeks per year. There is one week off per calendar quarter., Tucson, AZ. ( Trading Forex is risky. Past performance is no guarantee of future performance. Trade and invest at your own risk. This information is supplied for the paid subscriber and may not be copied or distributed in any manner. Data courtesy of Genesis ( and e-signal (

2 Subscribers Guide A DT Daily Forex Report Subscribers Guide may be downloaded from the DT Reports Subscribers Page. Log in to the Subscribers Page at ( Subscribers Tab Log In - click on My Products). Each report is also uploaded to the Subscribers Page and may be accessed online immediately after it is ed. Must Have Book For Subscribers Every subscriber should have Robert s recent book, High Probability Trading Strategies. This book is a step-by-step guide to all the trading strategies used with the DT Daily Reports. You will learn about the Dual-Time-Frame-Momentum setups, Dynamic Time and Price Targets and simplified E-Wave pattern analysis. More importantly, learn the specific multiple unit, entry and exit strategies to take full advantage of the analysis and trade recommendations in each report. Plus, book owners have a password protected page on our new book blog where they can access the video trading tutorials. To order High Probability Trading Strategies, go to Page 2

3 EUR/USD (Swing Trade Set-up) Dual Time Frame Momentum: With the (8) daily and (34) 60M DTosc s bearish, the net trend should be sideways to down over the next few trading hours, if not days. Pattern: November 9 is a probable W.2 or B high. Price: A rally above the Nov. 9 high at voids the corrective rally off the Nov. 10 low. Time: Friday s high is slightly past the max. time target for a typical corrective high, the 100% time ret. of the Nov decline. Summary: With the (8) daily DTosc bearish and a probable W.2 or B high complete, the net trend should be sideways to down over the next few trading days. EUR/USD Swing Trade Strategy Short following a decline below the Nov. 10 high as long as the (34) 60M DTosc is not BearOS or bullish. If already short, protective buy-stops should be no further than a few pips above the November 9 high. Page 3

4 GBP/USD (Swing Trade Set-up) Dual Time Frame Momentum: With the (8) daily DTosc bearish and (34) 60M DTosc BullOB, the net trend should be sideways to down over the next few trading hours, if not days. Pattern: October 31 is a potential W.2:3 high. Price: The October 31 high is slightly above the typical W.2:3 price target, the 50%- 61.8% retracement zone of the Aug. 19-Oct. 6 decline at Summary: With the (8) daily DTosc bearish, the net trend should be sideways to down over the next few trading days. GBP/USD Swing Trade Strategy Short following a decline below Friday s low as long as (34) 60M DTosc is not BearOS or bullish. Page 4

5 AUD/USD (Swing Trade Set-up) Dual Time Frame Momentum: With the (8) daily DTosc bearish and the (34) 60M DTosc BullOB, the net trend should be sideways to down over the next few trading hours, if not days. Pattern: The rally off the Nov. 10 low should be corrective. Price: The max. price target for typical corrective high is the 78.6% ret. of the Nov decline at Time: The max. time target for typical corrective high is the 100% time ret. of the Nov decline. Summary: With the (8) daily DTosc bearish and a probable W.2 or B high complete, the net trend should be sideways to down over the next few trading days. EUR/USD Swing Trade Strategy Short following a decline below the Nov. 10 high as long as the (34) 60M DTosc is not BearOS or bullish. If a short trade is triggered, exit strategies for part of the short position should be considered if the Nov. 10 low is taken out to secure profit. Page 5

6 USD/JPY (Swing Trade Set-up) Dual Time Frame Momentum: With the (8) daily DTosc BearOS and the (21) 60M DTosc bullish, and multi-day low should be at or near completion. Pattern: The decline off the October 31 high should be corrective. Price: Friday s low is slightly below the typical price target for a corrective low, the 50%- 61.8% retracement zone of the October 30-31st rally at Summary: With the (8) daily DTosc BearOS, a multi-day low should be at or near completion, very likely a corrective low. USD/JPY Swing Trade Strategy Long following a rally above the minor swing high as long as the (21) 60M DTosc is not BullOB or bearish. If the long trade is triggered, exit strategies for part of the long position should be considered if the 50% retracement of the decline off the October 31 high is reached to secure profit. Page 6

7 USD/CAD (Swing Trade Set-up) Dual Time Frame Momentum: While the bullish (8) daily DTosc signals the net trend should be sideways up over the next few trading days, the bearish (34) 60M DTosc signals the net trend should be sideways to down over the next few trading hours. Price: October 27 is a probable W.1 or A low. Price: Thursday s high is slightly below typical W.2 or B price target, the 50%-61.8% retracement zone of the October 4-27 decline at Time: Thursday s high is in the typical W.2 or B time target, the 38.2%-61.8% time retracement zone of the October 4-27 decline. Summary: If a W.2 or B high is at or near completion, the (8) daily DTosc should quickly make a bearish reversal. USD/CAD Swing Trade Strategy Traders should stand aside to see if the (8) daily DTosc makes a bearish reversal. Page 7

8 USD/CHF (Swing Trade Set-up) Dual Time Frame Momentum: With the (8) daily and (34) 60M DTosc's bearish, a multiday high should be near completion, not complete on Friday. Pattern: A multi-day high should be a W.C corrective high. Price: Thursday s high is in the typical W.C price target at which includes the 78.6% retracement of the October 6-27 decline and the 100% APP of the W.1 or A rally. Time: Thursday s high is in the typical W.C time target which includes the 100% ATP of the W.1 or A rally and the 61.8% time retracement of the October 6-27 decline. Summary: With the (8) daily DTosc bearish, a multi-day high should be near completion, if not complete Thursday, potentially a W.C high. USD/CHF Swing Trade Strategy Short following a decline below Friday's low as long as the (34) 60M DTosc is not BearOS or bullish. Page 8

9 EUR/GBP (Swing Trade Set-up) Dual Time Frame Momentum: With the (8) daily DTosc bullish, a multi-day low should be near completion, if not complete Thursday. However, the bearish (34) 60M DTosc signals the net trend should be sideways to down over the next few trading hours. Pattern: October 27 is a confirmed W.E high. Price: The trade below the October 12th low at confirms the completion of the W.E high. Summary: With the (8) daily DTosc bullish, a multi-day low should be near completion, if not complete Thursday. EUR/GBP Swing Trade Strategy Traders should wait for the next (34) 60M DTosc bullish reversal before considering long positions. Page 9

10 EUR/JPY (Swing Trade Set-up) Dual Time Frame Momentum: With the (8) daily DTosc bullish reversal, a multi-day low should be near completion, if not complete on Thursday. However, with the (34) 60M DTosc in the OB zone, the net trend should be sideways to down over the next few trading hours Pattern: October 31 is a probable W.C high and November 4 a confirmed W.2 or B high. Price: The trade below the October 26 low at is needed to further support the completion of the W.C high. Summary: With the (8) daily DTosc bullish reversal, a multi-day low should be near completion, if not complete on Thursday. EUR/JPY Swing Trade Strategy Traders should wait for the next (34) 60M DTosc bullish reversal before considering long positions. Page 10

11 GBP/JPY (Swing Trade Set-up) Dual Time Frame Momentum: With the (8) daily DTosc in the OS zone, a multi-day low should be at or near completion. However, with the (21) 60M DTosc BullOB, the net trend should be sideways to down over the next few trading hours. Pattern: A multi-day low will be a potential W.C low. Summary: With the (8) daily DTosc in the OS zone, a multi-day low should be at or near completion, potentially a W.C low. GBP/JPY Swing Trade Strategy Long following a (21) 60M DTosc bullish reversal below the OB zone and trade above a minor swing high as long as Friday's low is not taken out. Page 11