Happy New Week Surfers – The 3 Black Sisters pointing South. Yesterday’s Report Friday saw a continuation of the EUR/USD slippery dip, making the latter half of the week a 300 pip sell off. That action completed a 50% retracement from the rally that began a month prior AND made more emphatic, the bounce off […]
Hello Surfers, Today I’d like to share my thoughts regarding a big potential scandal involving the Forex Market. I’m talking about the Bloomberg article here: Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of […]
G’day Surfers – welcome to the weekend. Yesterday’s Report EUR/USD spent much of yesterday heading South partly I suspect, as continued reaction to the Fed’s (no change) announcement the day before. Not until DS-2 @ 1.3160 was Support found and consolidation began. Daily Pivot (DP) remained untested, with the market making no attempt to rectify […]
G’day Surfers – now THAT’S a consolidation breaker! Yesterday’s Report You could smell it coming and trading was virtually at a standstill prior, but the FOMC Policy Statement produced a Tsunami like reaction and put a swift end to EUR/USD’s short term aspirations of another new High. We tried in vain to capture a break […]
G’day Surfers – yo yo market. Yesterday’s Report EUR/USD broke consolidation yesterday, creating another new High – but not without a big struggle. Price Action (PA) again crossed Daily Pivot (DP) numerous times before the Bulls finally gained ascendancy. The Bungee nature of the market failed to produce an opening for our strategy so we […]
G’day Surfers – slow, but effective. Yesterday’s Report It didn’t take long for us to be in the market yesterday but we stayed there quite a while before our target was hit – but that’s the main thing. We found the Secret Surfing The Pips Candle Pattern not long after London Open and “Free Traded” […]
Happy New Week Surfers. Yesterday’s Report EUR/USD couldn’t quite sustain the momentum of the week and tapered off just a little, unable to attain a fresh new High. The gap between Daily & Weekly Pivots, clearly not willing to stretch any further. It being Friday – no trading was contemplated. Technical Analysis With the new […]
G’day Surfers – deja vu week. Yesterday’s Report There was a subtle difference in the way EUR/USD traded yesterday, but not much. The day’s high was achieved pre London Open but thereafetr, it was pretty much the same as most of the week: Open above an untested Daily Pivot – Test Daily Pivot – Rally. […]
G’day Surfers – a near replay, but no trades. Yesterday’s Report EUR/USD produced a near replica of Tuesday’s market yesterday. This time however, we were denied entry. To be fair, there was a slight opening to play a Short an hour before London Session but the setup was marginal and dangerous so we opted for […]
G’day surfers – it’s tough, but profitable – if patient. Yesterday’s Report Just four H1 EUR/USD candles, produced a body bigger than twelve pips yesterday and as many as seven, could be described as Dojis. That makes trading hard going, but not impossible. With patience an absolute key, we managed to hit our target again, […]
