Today I want to use a simple metaphor to explain in a clear and intuitive way the reason why it is better not to use indicators in the graphics used to trade the Forex and the reason that has made me understand that nothing is more efficacious than a graphic that in jargon we define […]
No, Surfers, I have not become suddenly mad: it’s the truth. If you can’t bake a good cake it will be very difficult for you to rise your Forex Account. We Italians, well -known food lovers, know it very well: baking cakes is the most difficult thing of all. Nothing comparable to pasta or pizza: […]
G’day Surfers, we’re off to the races today. Yesterday’s Report Support for EUR/USD finally arrived yesterday with some spirited buying late in Asia Session – followed up by a continued rally through London & early NY, before coming off the 1.2984 high. The market was surprisingly active through NY Session despite the tragedies unfolding […]
G’day Surfers – Current Surf Conditions: Choppy!! Yesterday’s Report When EUR/USD ranges less than 60 pips in a full day’s trading – you know it’s going to be tough to make pips. Such was the case again yesterday with the six four hour candles comprising two black, two white & two dojis. All this […]
Happy New Week Surfers, Yesterday’s ReportI’m certainly not surprised by Friday being a perfect doji day. After three consecutive negative days, EUR/USD basically needed to take stock. It being a Friday – no trading for us of course. Technical Analysis To my mind, Friday’s indecision displays precisely where the market sees itself. This may […]
G’day Surfers, Boring……but SAFE! Yesterday’s Report Much like the rest of this week, Price Action acted as if on a bungee chord as sudden, substantial falls gave way to slow, not so determined recoils. With 2 trading Sessions remaining, it’s more than likely that EUR/USD will complete it’s week, just like the bungee chord, significantly […]
G’day Surfers, been here – done this! Yesterday’s Report Just as our Pivots suggested, EUR/USD failed to find a sustainable direction yesterday displaying Bearish intent through early London session, plummeting 75 pips quickly, before clawing it’s way out of the hole to close 20 pips shy of the day’s high. We were waiting at […]
G’day Surfers, strong move but is it a new trend?? Yesterday’s Report Price Action totally ignored my Play of the Day yesterday, as well as quite a few Support Levels including Daily & Weekly Pivots, DS-1 & 2 and our long time favourite, 1.3033. The absolute gushing of EURO over the waterfall saw 124 […]
G’day Surfers – it’s all about the flags. Yesterday’s Report Our observation that EUR/USD had travelled far enough prior to London Session yesterday was spot on – Price Action increasing the Daily Range by a mere 17 pips, before closing up 40 pips @ 1.3058. We spotted two opportunities to trade (one in each direction […]
Happy New Week Surfers. Yesterday’s Report Must say I was expecting some substantial movement on the back of the Ecosummit but it’s almost a case of “what Ecosummit?” if market reaction is anything to go by. I guess you could say that EUR/USD was @ 1.3128 prior to the Summit & 90 pips lower […]
