Happy New Month/Week Surfers. Yesterday’s Report Each Monday, when I look at Friday’s Charts, I normally get an affirmation of why I don’t trade the last day of the week. Today is certainly no exception as I notice the crazy Price Action (PA) within a tiny 40 pip range. As I write this, PA […]
G’day Surfers – it’s Flat City and a Looong weekend. Yesterday’s Report Another ranging day for EUR/USD with Price Action confined to 55 pips and an 8 pip gain. Despite the tightness of the market, we saw an opportunity to play the Daily Pivot (DP) Test but our Short order expired prior to the movement […]
G’day Surfers – no room to move. Yesterday’s Report EUR/USD was trading at 1.3570 when UK session began yesterday, travelled the well worn path to Daily Pivot (1.3521) and “bounced” back to close at 1.3574 and a new 3 week High. The 53 pip travel we had to work with produced nothing by way […]
G’day Surfers – Predictable Pivotal Day produces little. Yesterday’s Report With Daily & Weekly Pivots in close proximity, it was reasonable to conclude that Price Action wouldn’t be too far away yesterday. From the Open, there was only one place the market was heading – to Daily Pivot (DP). No invitation was offered […]
Happy New Week Surfers. Yesterday’s Report EUR/USD found Support @ the 1.3400 psychological level on Thursday, after Wednesday’s “guillotine” cut a swathe through the cross. Price Action bounced nicely and the rally continued throughout Friday, closing the week mid 1.35’s, some 57 pips better, than when the day began. Technical Analysis The new […]
G’day Surfers – great end to the week. Yesterday’s Report We accepted the challenge of trading between news announcements yesterday and reaped the rewards. We found 2 entries, both looking to play the Daily Pivot Test. #1 closed @ Break Even but the second order went from entry to target in 2.5 minutes, producing a […]
G’day Surfers – Flag Break means Game Over? Yesterday’s Report Somewhat like Formula 1 Drivers, the Bulls & Bears spent much of yesterday jostling for position with the “lead” changing hands many times as the Final Lap approached. With the chequered Flag directly in their sights, the Bears accelerated and the Flag was broken […]
G’day Surfers – no trades on crazy day. Yesterday’s Report In what seems like an unprovoked surge, EUR/USD spiked 25 pips in a heartbeat as Londoners turned up to work yesterday. The unexpected buying spurt was short lived as Price Action (PA) retraced immediately but it’s ferocity caused a 3pip gap in the market. […]
G’day Surfers – Meandering Monday market produces full profit. Yesterday’s Report On a typical Monday – Price Action (PA) was a misnomer, there was very little. What a strategy we have then, that can take full profit from a market that moved as if wounded (slowly and not far). Preferring Shorts, we were aware […]
Happy New Week Surfers – back in business. Yesterday’s Report Four of the six H4 candles tested Daily Pivot (DP) on Friday as EUR/USD successfully reversed the only Bearish day of the week (Thursday). Like the previous two days, Price Action (PA) tested but couldn’t break through the 1.3500 psychological level, closing the week just […]
