G’day Surfers – early move kills market. Yesterday’s Report Late Asia session buying stifled London/New York sessions for EUR/USD yesterday. In the context of a still compressed market, the forty pip one hour buying ‘spree’ was enough to satisfy the Bulls appetite and keep the Bears (hovering below 1.3600) at bay. We found an opportunity […]
G’day Surfers – S&R confusion sorted. Yesterday’s Report Firstly my apologies for misrepresenting our S&R Trade #1 yesterday. I missed the entry and was not trading it myself, hence the confusion. I wrote yesterday that the trade had closed at BE when in fact, it was still alive. In an ironic twist – S&R #2 […]
G’day Surfers – Free Trade Up/Free Trade Down! Yetserday’s Report EUR/USD was at it’s see sawing best yesterday, remaining within the consolidation post the EURO interest rate drop nearly a fortnight ago. We were cruising towards banking in our S&R Long order when News drove PA South. We were waiting and our S&R Short […]
G’dat Surfers – welcome back to the range. Yesterday’s Report The Bulls enjoyed their ‘day in the sun’ yesterday, taking EUR/USD away from the obvious target area of 1.3500 and the year to date’s Low of 1.3475. The mini rally continued the see sawing nature of the last four day’s PA, which now looks […]
Happy New Week Surfers. Yesterday’s Report From the charts, Friday appears another lacklustre day in the market, EUR/USD ranging 58 pips and displaying indecision. Consolidation therefore, brought an end to a Bearish week for the cross, in response to the whipsaw action of the previous, NFP week. Technical Analysis As a result, no […]
G’day Surfers – rally too late! Yesterday’s Report EUR/USD failed to get going yesterday, again choosing to consolidate post the Monday/Tuesday sell offs. It neither sought to test last week’s four month Low nor re-test 1.3600. Oh yes, there was an acceleration point – we found it and placed the Long which expired before the […]
G’day Surfers – smell the rubber? Yesterday’s Report EUR/USD applied the brakes yesterday, ranging a meagre 36 pips. The Bearish momentum died as a result and trading was a non event. Once again, we spotted the day’s only acceleration point and attempted twice, to catch the move. Both orders expired prior but the target […]
G’day Surfers – it’s more of the same. Yesterday’s Report EUR/USD headed further South in search of last week’s spike to 1.3500 and accommodated us with a clone like replica of the same invitation that made us money on Monday. We accepted, despite the major difference – that being an untested DP above PA. From […]
G’day Surfers – Nice start to the week. Yesterday’s Report Trading the reliability of EUR/USD testing DP is always a consideration but doesn’t always setup. Yesterday was one day where it did, almost perfectly. We don’t require a second invitation when it’s there and yesterday we took full advantage of a Secret Surfing The […]
Happy New Week Surfers. Yesterday’s Report If you were looking for NFP to fire the market into action, you were sadly disappointed on Friday as a mini repeat of the ECB Interest Rate cut reaction played out. PA drifted first one way, then the other, finally ending the second consecutive doji week back in […]
