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07 SEP 2012 | Free Daily Analysis | EURUSD : BOND…….MARIO BOND!

G’day Surfers – it’s THAT time of the Month again!!

Yesterday’s Report

If I was a fundamental trader, I would spend some time here analysing Super Mario’s announcement yesterday and pontificating over how the market has and will react to it…………I”M NOT!
Trading yesterday was clearly going to be tough work as heavy hitters stayed on the sidelines awaiting not only the ECB announcement but all the States news as well. We were content to let our Swing & Relax order give us the opportunity to ride a potential wave North & it triggered, giving us a TP1 and Free Trade. The pre-Draghi speech market took a dive however and our only entry of NFP week, closed at break even.

Technical Analysis

You know the drill – Friday/NFP Friday

The Day Ahead

House Sitting this weekend so some relaxation (mini holiday – yippee). Strongly suggest you let the fireworks take care of themselves, turn the charts off and join me.

Enjoy everyone!

Besides the noble art of getting things done, there is a nobler art of leaving things undone. The wisdom of life consists in the elimination of nonessentials.

Lin Yutang
Geoff Pyne | Certified SurfingThePips.com Trader
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