G’day Surfers – OMG, dead again. Yesterday’s Report EUR/USD crept straight back into it’s shell yesterday, producing a range of only 28 pips. Despite the meagre movement we spotted an opportunity Short that produced TP1 before reversing and then a setup Long that also produced a TP1 before News whipsawed (if that’s the right word […]
G’day Surfers – Gone without warning. Yesterday’s Report London opened and trading for us virtually closed shortly thereafter as EUR/USD in an hour, travelled nearly as far as it had in the previous three weeks. No warning signal was given – it was a short, sharp burst of buying that took PA to the […]
G’day Traders – Sell in May………..? Yesterday’s Report When EUR/USD ranges 22 pips in an entire day’s trading, it’s usually a Bank Holiday and yesterday it was…. in London. So, that covers yesterday…..we can reflect on Easter holding the market back. We can also offer that we are about to enter Northern Hemisphere Summer […]
Happy New Week Surfers. Yesterday’s Report EUR/USD moved 115 pips in 2.5 hrs on Friday: 55 down and 60 up, to produce a doji NFP day. The very tight range looked under threat as Sellers stepped in, reacting to a positive NFP number but DCZ 1.3815 was as far as the Buyers would let them […]
G’day Surfers – we’re back inside! Yesterday’s Report Europe on holiday, NFP Eve, a 26 pip range and a 3 pip gain. Need I say any more about yesterday’s market? Didn’t think so. No trades as the market remains at the top of the 3 week range. Technical Analysis Three letter day: NFP The Day […]
G’day Surfers – Fundamentally ‘floored’. Yesterday’s Report Only the brave were able to take advantage of a Secret Surfing The Pips Secret Candle Pattern that spotted the 100 pip surge yesterday. Red News is something we don’t mess with on M30 Trades so officially, we were nailed to the floor of the dreary range, […]
G’day Surfers – only pips are ‘inmates’. Yesterday’s Report Once again, EUR/USD failed to secure freedom from its constraints and retreated back into the range, after Monday’s brief ‘escape’. Intraday, we saw the recapture coming and placed the Short order that expired seconds before PA sped through DP before ‘lights out’ at WP. Compounding […]
G’day Surfers – fasten seat belts? Yesterday’s Report EUR/USD showed signs of life yesterday, as buyers stepped in from London open. Two hours of buying saw the open gap close and a mini break of the two week long 79 pip range. We spotted a sign that the open surge might have been false […]
Happy New Week Surfers. Yesterday’s Report A 21 pip range completed an incredibly uneventful trading week for EUR/USD. An entire week of trading failed to move outside a 69 pip Hi/Lo. The Inaction stretching further, the “fortnight of fizz” that began on April 14th, when the market gapped Short. The range since, has been only […]
G’day Surfers – accelerate too late! Yesterday’s Report Having waited patiently for a breakout all week, EUR/USD failed again yesterday to break the shackles of the 9 day old 79 pip range. Just the one acceleration point was on offer and we isolated it beautifully. Our Short order expired just prior to News which instigated […]
