G’day Surfers – 1.3815 fails to hold. Yesterday’s Report The Flag retracement post FOMC was too strong a chart pattern, even for an untested DP yesterday as EUR/USD sellers were queueing to force PA to 1.3750, where it staged a slight recovery back to 1.3777. We attempted to play a DP Test, looking for […]
G’day Surfers – Ask & ye shall receive? Yesterday’s Report How cruel the market can be! I’ve been targeting ( http://clip2net.com/s/73bID6 ) the 1.3815/Long term Trendline re-test all week and yesterday…….target hit and how! Only problem…..no entry signal. To be fair, EUR/USD fell like a rock as the result of the Fed’s economic outlook […]
G’day Surfers – choppy, choppy! Yesterday’s Report I was more than happy to be a spectator yesterday as EUR/USD was tossed around like a cork in a rough sea. Asia Session was content to sell and late US Session belonged to buyers but the market in between, was like a bungee rope and untradeable. […]
G’day Surfers – Break even, before break out! Yesterday’s Report Another day, another spike higher for EUR/USD on a Monday that wasn’t spectacular, but showed a little spirit. We spotted an opportunity to catch the latest rally and entered Long, achieving TP1 but not our target as PA retraced prior to the ‘real’ acceleration […]
Happy New Week Surfers. Yesterday’s Report EUR/USD rallied again on Friday, fighting its way back to close above 1.3900. The positive close, capped the sixth consecutive Bullish week for the cross. This has occurred only three times since the Global Financial crisis hit the markets in 2008 and the first, since August, 2010. Technical […]
G’day Surfers – DP rules again but no entry. Yesterday’s Report Daily Pivot worked its magic yesterday as EUR/USD had the wind removed from its sails, late in the day. Pullback was called for and delivered as Tuesday & Wednesday’s gains were obliterated. Though we were expecting the move, PA taunted the market and didn’t […]
G’day Surfers – we’re away! Yesterday’s Report EUR/USD didn’t wait for re-tests, it took off to create a new 2014 High and appears to have gas left in the tank. We received an invitation to join the break North and accepted gratefully. Once the afterburners were ignited, our target was achieved easily. Technical Analysis […]
G’day Surfers – more crawling along. Yesterday’s Report EUR/USD stepped up a notch yesterday, increasing its range from Monday’s 36 pips to a mind numbing 45 pips. Ranges of this size are untradeable and PA didn’t pay any heed to our only order of the day, a Long – which expired. Technical Analysis […]
G’day Surfers, good setup – bad result. Yesterday’s Report We say it all the time – “Trade what you see – not what you think” and it has paid us innumerable times. Yesterday was NOT one of them as we Traded a beautiful Surfing The Pips Secret Candle Pattern, at a Hotspot…….and lost! The […]
Happy New Week Surfers Yeserday’s Report EUR/USD held the ground it took on Thursday to remain above its highest level since 2011. A decent NFP number briefly upset the gamboling EURO but it fought back late in the US Session to end the week looking Bullish @ 1.3871. Technical Analysis The now broken long […]
