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05 OCT 2012 | Free Daily Analysis | EURUSD : BID RATE SPOILS PARTY

G’day Surfers – bye bye NFP week!

Yesterday’s Report

Very much a case of so close yet so far for us. We responded to an A Signal by entering long – just a wee bit before our time. Price Action decided we weren’t invited on this run and recoiled to meet our stops. We were delivered a second setup to jump onboard but the timing was again out – coming at the same time the High Impact interest rate announcement was made. Our strategy forbids us trading at this time and with the whipsaw nature of this announcement, an entry and TP1 would have been erased by the whipsaw nature of High Impact news. This was the last near opportunity to join the Bulls as they took EUR/USD directly to our next strong S/R level @ 1.3033. As always, NFP proved a tough week for trading and we look forward to next week and better opportunities.

Technical Analysis

It’s NFP day (NOT FOR PIPchasing)

The Day Ahead

Well the Rugby ball is traded for the round ball code this weekend and Daylight Saving kicks in on Sunday so it’s football on the tele & early to bed so I don’t miss the hour that is stolen from me over the weekend. Enjoy yours and remember:

The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.
Robert Kiyosaki
Davide Franceschini | Chief Trader and Founder at

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