G’day Surfers – consolidation continues. Yesterday’s Report Our Pivots seldom lie to us and yesterday, their mixed and compact nature suggested not only was the market without direction – it was not going to move very far. That EUR/USD closed less than 40 pips from it’s open, is proof enough. We were looking […]
Happy New Week Surfers Yesterday’s Report I asked the market for some consolidation and it delivered, spending most of Friday hovering above Weekly Pivot and our former Resistance Trendline #1 become Support. The week concluded with a late 75 pip Bearish move and EUR/USD dipping below that Support to close at 1.3353. Technical Analysis Over […]
G’day Surfers – I “rue’s” the News! Yesterday’s Report When I look at Yesterday’s analysis http://clip2net.com/s/2O4YA I wonder how it is that my bank a/c isn’t substantially greater this morning? There’s a beautiful irony in the answer – Economic News & time forced us to cancel the Short order that would have produced a big winner. […]
G’day Surfers, you can’t beat bad luck! Yesterday’s Report We spotted an opportunity to trade the break of consolidation and were taken into a Short, looking for a test of our older Support Trendline TS1 & DS-1. A very ill timed comment out of Germany created a spike in the opposite direction, after we had […]
G’day Surfers – welcome to Wednesday. Yesterday’s Report Price Action found some great support around our Daily Critical Zone & Support Trendline area and bounced 100 pips without offering a trading opportunity for us. On the retracement of this move we saw an opportunity to take the next phase. Unfortunately, the signal timed out prior […]
G’day Surfers – “ask & ye shall receive”. Yesterday’s Report I was asking Price Action to retrace to my preferred Support Trendline: mission is accomplished. I was looking for a re-test of this substantial Support Trendline, prior to looking for a Long entry. A less reliable Trendline provided an opportunity to catch a premature continuation […]
Today I want you to read this nice article I found on the web about, and make it “trading-compatible”: Yes, the article is about the fact that: The first action you take in the morning may seem innocent or forgettable, but it sets the tone for how we handle the day. I totally agree with […]
Happy New week Surfers Yesterday’s Report The NFP numbers produced some erratic behaviour as EUR/USD firstly shed 70 plus pips before recovering 100 odd, finding Resistance at the convergence of our Long Term Resistance Trendline and much longer term Daily Critical Zone at Psychological 1.3700 level. Technically beautiful when you consider the week began at […]
G’day Surfers, wow – was that January I just missed?? Yesterday’s Report Still no pullback but EUR/USD rested yesterday, the Bulls effectively regaining energy with a 53 pip range day. Simply impossible to trade the cross for our strategy at present as the necessity for a retracement increases. The noticeable lack of Resistance sees Price […]
G’day Surfers – how high can Euro go? Yesterday’s Report No surprises yesterday as EUR/USD continued it’s surge Northward, piling on another 100 pips. No way for us to put any of those in our a/c because our strategy calls for the “heat” to come out of the buying prior to entry. No pullback = […]
