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12 DEC 2012 | Free Daily Analysis | EURUSD : Guess What? We Made Profit.12 DEC 2012 | Free Daily Analysis | EURUSD : Guess What? We Made Profit.

12 DEC 2012 | Free Daily Analysis | EURUSD : Guess What? We Made Profit.12 DEC 2012 | Free Daily Analysis | EURUSD : Guess What? We Made Profit. -->

Happy New Week Surfers

Yesterday’s Report

Lovely trade, lovely pips, lovely profit trading a very easy set-up. Price were finding clear support above Monthly Pivot, right above M-P we had also a Daily Critical Zone (one of our super killer horizontal levels), we spotted a bullish StP Secret Pattern and…go, full profit. Easy. Nice way to start the week. This december is going pretty well.

Technical Analysis

Pivot are in mixed mode, on Daily Chart we are still above a bullish area (trend line). The Key level is absolutely the same level I was talking about before, M-P. If price will pass again from that level we have huge probability of a bearish break-out of this daily trend line. For the bulls it’s pretty easy, check out the resistance level you have on the charts I attach here, that is the better HotSpot now available. If I see some good bullish StP Secret Pattern there I will give a hit, north.

The Day Ahead

We have already a short placed somewhere on EURJPY, H4 strategy, to catch a possible short break-out (read above). We’ll see. Remember if price action has to break M-P has to start from a distant place. For this reason I think this trade we’ll be much easier to catch with a higher time frame like H4. For the long side (read above).

High Impact News (C.E.T.)

11:00am EUR
German ZEW Economic Sentiment
2:30pm USD
Trade Balance
Have a pippy tuesday!
Davide Franceschini | Chief Trader

Hello Surfers,

Yesterday’s Report

Guess what? We made profit & nice pips yesterday. Yes, nice beginning of the month for our accounts. As you can see from the image attached (BEFORE/AFTER) our analysis was perfect at the pip once again. We also made a video about the trade we placed yesterday and the “Pre-ABC” concept. Check it out here.

Technical Analysis

Pivots are now in perfect bullish set-up, but, as you can see from the chart attached, Daily Pivot has not been tested for 2 days in a row, and we know very well that this is very uncommon and against probability. We are in a classical NLNS situation. No Long No Short. No Long because I need D-P to be tested before going long, otherwise I’m going against the odds. No Short because the sentiment (pivots) is still bullish. Price action is finding resistance on a level which was support last weeks (check chart). This level and the support level below are the crucial levels of the day.The Day Ahead

I will wait for a pull-back at D-P (without trading the movement from here to D-P). Once price will hit the level I will look for reason to buy. Check the Play of the Day. If I will see a bearish SurfingThePips.com Secret Pattern below the support trend line I will give a small hit to a short as well.

High Impact News (C.E.T.)

None during our trading hours (8:00 AM – 15:30 PM London Time)
Can you hear the sound of Santa?
Davide Franceschini | Chief Trader

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