Happy New Week everybody. Yesterday’s Report Just when it appeared the bears would resume their charge South, EUR/USD dug it’s toes in, refusing to slide further, despite the continuation Flag breaking earlier in the week. Indeed at one stage PA looked intent on re-testing the broken Trendline. Late selling tempered the rally and the […]
As is our expectation on most days, DP was tested yesterday on the back of early morning News. Outside of the News, there was simply no market so, despite our hunger for pips, there was only a 30 pip range from which to pluck some as PA stuck like glue to DCZ 1.2645. Clearly that’s […]
G’day Surfers – the Channel is broken. Yesterday’s Report One thing we can say with certainty about yesterday is that we were warned. The Bearish continuation Flag that has been steadily building for 3 weeks, finally gave way to downward pressure and landed ever so nicely on our 1.2645 DCZ. We were prepared to go […]
G’day Surfers – bitter irony as favourite play hurts! Yesterday’s Report How amazing it is to reflect on my musings only yesterday how analysis can be askew but trading profitable. exactly the reverse was the case yesterday. I chose (at our peril) to ignore the untested DP below and place a Long order, on the […]
G’day Surfers – not to plan but nice winner. Yesterday’s Report One of the attributes about trading that I find extremely pleasurable is the great uncertainty of what the trading day has in store. Some days the market days exactly as you believe it will, yet no trading opportunity presents. Then, there are days […]
Happy New Week Surfers. Yesterday’s Report The market was intolerant of EUR/USD residing above 1.2800 on Friday and the resulting 50 odd pip sell off saw the week close under the ‘roof’ of 1.2775 DCZ, at 1.2755. That correction took a little of the gloss off an otherwise fairly positive week and seemed to […]
G’day Surfers – no way in. Yesterday’s Report EUR/USD setup Long for us twice yesterday and we were very close to getting the prize. Order #1 triggered and looked likely to hit target but fell a few pips short before retracing to deliver a break even trade. Order #2 was like spraying PA repellent as […]
G’day Surfers – Timing is EVERYTHING Yesterday’s Report There was something in the air yesterday and being in the market at the right time was the key to success or failure. Our timing was a fraction out and we paid the price as the EUR/USD skyrocket launched without us. Two Long intraday orders were […]
G’day Surfers – it’s DCZ to DCZ Yesterday’s Report EUR/USD is ‘keeping company’ with our DCZ’s currently, bouncing between 1.2775, where it began yesterday’s journey and 1.2645, where it ended and still remains. Those familiar with ‘The Karate Kid’ movie will recognise my reference to the car waxing, as a metaphoric observation of the […]
G’day Surfers – seems the buyers couldn’t wait. Yesterday’s Report We don’t trade during US or UK Bank Holidays for two main reasons: Poor liquidity and unpredictable volatility. The 40 pip range through London & New York’s trading hours yesterday is testament to that policy. It’s as if buyers waited until the NZ Market […]
