G’day Surfers – Happy Hump Day Yesterday’s Report There are days when EUR/USD trades inside a 70 pip range yet trading is possible and often profitable. Yesterday was NOT one of those days for me. At no stage did I consider entering the market, after our attempt to catch a cheeky break of our Resistance […]
It took a great deal of research, heartache, financial loss, anguish, determination, soul searching, depression, elation and damned hard work to discover what I believe to be the three main ingredients to enable long term success in trading the Forex Market. by GEOFF PYNE | Certified SurfingThePips.com Trader Potentially, the farthest thing from George Michael’s mind as […]
Happy Post Easter, new month & NFP Week Surfers. Yesterday’s Report Last Thursday seems a long time ago and frankly the market has done precious little since. Quite unremarkable Price Action over the Easter break with EUR/USD now a mere 33 pips from where it closed when last we traded. Nothing more needs to be […]
G’day Surfers – WANTED: EURO BUYERS…….IMMEDIATE START REQUIRED Yesterday’s Report Only EURO sellers were trading EUR/USD yesterday, with no buyers in sight. Once the consolidation broke to the South – there was only going to be one result – a weaker EURO, on the back of continued uncertainty in the market. Not as emphatic as […]
G’day Surfers – is there a Doctor in the house to check the Market’s pulse? Yesterday’s Report I think the less said about yesterday’s market – the better! Outside of a couple of news induced spikes, the Market completely lacked liquidity and was untradeable. We did however, notice 3 opportunities to trade the break to […]
G’day Surfers – bye bye EURO! Yesterday’s Report What a way to start the week! One step forward & two steps back for EURO yesterday – that’s 100 pips up, then KABOOM, 200 down as the market had it’s say on the Cyprus debacle. We were given an invitation to join the selloff and accepted, […]
Happy New Week Surfers: CYPRUS CRISIS – GOOD BANK/BAD BANK Yesterday’s Report Wind back the clock one week and we were faced with a massive 150 pip gap due to a completely untenable Cyprus Bank Rescue Package. Today, a new package, all but closed gap and EUR/USD back to pre-Cyprus crisis level. It’s like it […]
G’day Surfers – YAWN! Yesterday’s Report Given the spattering of news from the get go yesterday, it was always going to be a tough assignment to bank some pips. We had a slight Bearish sentiment and thanks largely to bad PMI numbers out of France & Germany, the day certainly began in that fashion. When […]
G’day Surfers – you’ve got to hand it to the EURO! Yesterday’s Report Despite everything being thrown at it both from a Technical and Fundamental front, EURO stood tall and fought it’s way back from a precipice yesterday. Having begun the day dead on the last line of Support. EUR/USD clawed it’s way back to […]
How we (don’t) trade gaps. Enjoy. Davide Franceschini | Chief Trader
