G’day Surfers – Great start to “interesting” week. Yesterday’s Report The STP strategy was at it’s best yesterday, identifying the day’s only acceleration point and banking the resulting profits. A 14 pip risk produced as much as 50 pips (31 by the book) in a 79 pips range that once again failed to end […]
Happy New Week Surfers. Yesterday’s Report EUR/USD remains in a 100 pip range, hovering above our 1.3450 Daily Critical Zone. The Fed’s Tapering backflip is still the dominant feature of the charts though Friday delivered a Double Top with a Weekly High of 1.3564. Technical Analysis The market gapped down over the weekend, […]
G’day Surfers – it’s choppy out there! Yesterday’s Report Another tight 59 pip range made trading a difficult proposition yesterday and we had a mixed day. We accepted an early invitation to get Long but the untested Daily Pivot drew Price Action away from our targets, after entry, giving us a small 10 pip loss […]
G’day Surfers – Range continues. Yesterday’s Report Price Action (PA) was Bullish as expected but offered us no way to ride the wave until it was close to “breaking”. We saw a Short setup early in UK Session but PA ignored our invitation, preferring to follow Asia’s lead Long. Our only opportunity to join in, […]
G’day Surfers – Counter Trend, Counter Bias, Counting Profits! Yesterday’s Report Very few opportunities to enter the market yesterday and everything looked Bullish. The records will indicate that EUR/USD fell 38 pips in a tight 54 pip range. Our trading record will indicate we saw the opportunity to trade the Short (completely against our […]
G’day Surfers – slow start to week. Yesterday’s Report EUR/USD took a 53 mini correction yesterday, having spent the latter part of last week “recovering” from the Fed’s backflip. Hardly enough selling to say the post Fed consolidation had been broken however so really, a typical Monday Market. Technical Analysis A well formed Flag […]
G’day Surfers – we stayed on the beach! Yesterday’s Report It has been a while since it last happened but we didn’t enter the market once this week. When I look back at the market, that’s no surprise. Our strategy keeps us safe in sideways markets and apart from the Fed’s surprise on Wednesday, the […]
G’day Surfers – UNTRADEABLE, THEN KABOOM Yesterday’s Report It was a spectator’s market this week…..well on second thoughts, NO-ONE would want to watch this market! Prior to the much anticipated Fed Statement, there has simply been NO MARKET. Then, a surprise FED backflip leads to a massive surge in USD cross currencies – including […]
G’day Surfers – maybe the Fed can make the move! Yesterday’s Report Best described as a lack lustre day in FX Land, Tuesday’s Market ranged a mere 42 pips, moving only briefly around News releases. We spotted an opportunity to benefit from a break Short but consolidation lasted longer than our order, which timed […]
G’day Surfers – Direction is hard to find. Yesterday’s Report If ever EUR/USD LOOKED likely to fall – it was yesterday. Untested Daily Pivot (DP) and open gap below PLUS, Price Action (PA) above DR-2. Yet, despite the apparent open invitation to Short, PA delivered a hint that there would be buying BEFORE selling. […]
