Happy New Week Surfers – the stars are aligned ! Yesterdays, Report Not surprisingly, Friday was another non event day, producing a 26 pip range. With a Thursday NFP and Independence Day in the States – it was all about the Long Weekend, not trading. Technical Analysis It doesn’t often happen that Monthly, Weekly and […]
G’day Surfers – Range Tiny but Profit Tidy for short week. Yesterday’s Report EUR/USD’s dismal liquidity continues but enough life was breathed into the market yesterday, to produce a nice trade. London open produced the setup Short and we were triggered. Both TP1 & Target were a bit of a struggle but sluggishness is the […]
G’day Surfers – what was/wasn’t that! Yesterday’s Report Yes, we expect NFP week to produce a slow market but yesterday was simply ridiculous! Aided by a magnifier, I can make out that the Day’s range was 24 pips. That makes intraday trading impossible – so we stayed well away. Late in the day, we spotted […]
G’day Surfers – into & out of the Blue. Yesterday’s Report Just when I least expected, EUR/USD broke the top of its recent range and headed directly to 1.3700 yesterday. Not that a 57 pip Day is anything to write home about, but on NFP Monday, my expectations were for consolidation, rather than breakout. […]
Happy New Week Surfers. (End Of Financial Year) Yesterday’s Report Another low volume day for EUR/USD that saw PA fairly Bullish. 37 of the forty pip range counted and the cross rounded the week out at 1.3646, some 77 pips above where the week began. That’s now three weeks spent inside the H4 candle produced […]
G’day Surfers – just not our market! Yesterday’s Report The daily range of yesterday’s EUR/USD trading, was 65 pips – bang on the Average True Range of this cross for 2014. That’s a 45% decrease on the 5 year figure. It’s also a figure that suggests to me, that the market is unwilling to budge […]
G’day Surfers – 1.3600 the killer! Yesterday’s Report EUR/USD slept for most of the day, waking briefly to react to News, which prompted the Bulls to deliver a killer blow to our Short entry. The dreadfully slow pre-news market and the much talked about 1.3600 prevented us, by less than a pip, of achieveing […]
G’day Surfers – just add another Doji to the mix. Yesterday’s Report The compressed nature of the market continued yesterday with yet another small range Doji Day – this time 45 pips! DP was crossed five times in that lot, making trading extremely difficult. PA did pretty much as we expected but offered no entry […]
G’day Surfers – not much doin! Yesterday’s Report It’s not quite a Doji, but yesterday’s Daily Candle replicates the previous two, as though they were triplets. Again we witnessed the reluctance of the Bears to ‘go on with the job’, having spent late Asia/early European sessions, merrily selling. Just like the previous two days […]
Happy New Week Surfers. Yesterday’s Report The break away from 1.3600 remains on hold as PA remains around that level, in a now very familiar range. Friday’s trading was very much down & up, with no ground made in either direction. EUR/USD closed the week out at 1.3596. Technical Analysis Reflecting PA and I […]
