G’day Surfers – what was THAT? Yesterday’s Report What a ride it was – ECB drops rates (as expected) sending EUR/USD to 1.3500 (as expected) BUT THEN, straight back to positive territory!! No wonder I’m not a fan of fundamentals! Technically, it was impossible to entertain being in the market yesterday with absolutely no PA […]
G’day Surfers – it’s Breakout Day! Yesterday’s Report Not that I was expecting PA to stray too far from DP/WP combo but the small (42 pip) range the day produced, was full of volatility. The market looked in need of a sedative at one stage with PA bouncing around like a cork in the […]
G’day Surfers – pre NFP consolidation kicks in. Yesterday’s Report It looked entirely likely mid trading day yesterday, that EUR/USD was about to sprout wings, after News sent it (somewhat counter the news) on a Northerly ‘test flight’. The market remembered what day and week it was however and clipped EUR/USD’s wings, sending earth […]
G’day Surfers – back to 1.3600. Yesterday’s Report PA jumped straight out of the starting blocks yesterday and headed exactly where the Pivots suggested – SHORT to DS-1. There was no way to trade our expectation however – the day’s trading (Monday of NFP week) was over shortly after it began. Our attention turned to […]
Happy New Week Surfers – Felice Festa della Repubblica, Italiano. Yesterday’s Report A 52 pip Friday, mostly positive, saw EUR/USD find Support in the 1.3600/Support Trendline confluence. This crucial area failed to yield but on what has become a typical small range, it’s difficult to tell if that will remain the case. Technical Analysis […]
G’day Surfers – there’s no way in. Yesterday’s Report Another illiquid day for EUR/USD, less than 50 pips top to toe – the ‘high’light being a 27 pip M30 buying ‘spree’, followed immediately by a 25 pip selling ‘frenzy’. Our only invitation to enter came from the Bulls, who enticed us to place a […]
G’day Surfers – no run in market. Yesterday’s Report Despite our strategy isolating two great Hotspots and acceleration points yesterday, we could manage only two Break Even Trades as PA refused to get into 2nd gear and go for a run. It’s been a feature of the market for sometime now so our patience […]
G’day Surfers – I have that falling feeling. Yesterday’s Report Whilst UK & US Markets traded without traders yesterday, EUR/USD made a little progress clawing back 21 pips of the 76 lost during last week. The expected poor liquidity was evident – but we’re getting used to that! Technical Analysis DP is untested […]
Happy New Week Surfers. Well, a bit of a false start to the week really. Both London & New York are enjoying a long weekend, with Bank Holidays in both markets. As always, when either is the case, we don’t trade. When BOTH are celebrating…….we join them! Have a great day and leave the PC/Laptop/Tablet/Smartphone […]
G’day Surfers – Happy End of week! Yesterday’s Report We were still urging the Bulls to wake up but they’ve clearly hit the hay and remain in slumber – no entries.The market is One Direction (lateral) and not playing our tune. History (barring a rally today) will record this week as being all ‘down hill’. […]
