G’day Surfers – no way in. Yesterday’s Report EUR/USD setup Long for us twice yesterday and we were very close to getting the prize. Order #1 triggered and looked likely to hit target but fell a few pips short before retracing to deliver a break even trade. Order #2 was like spraying PA repellent as […]
G’day Surfers – Timing is EVERYTHING Yesterday’s Report There was something in the air yesterday and being in the market at the right time was the key to success or failure. Our timing was a fraction out and we paid the price as the EUR/USD skyrocket launched without us. Two Long intraday orders were […]
G’day Surfers – it’s DCZ to DCZ Yesterday’s Report EUR/USD is ‘keeping company’ with our DCZ’s currently, bouncing between 1.2775, where it began yesterday’s journey and 1.2645, where it ended and still remains. Those familiar with ‘The Karate Kid’ movie will recognise my reference to the car waxing, as a metaphoric observation of the […]
G’day Surfers – seems the buyers couldn’t wait. Yesterday’s Report We don’t trade during US or UK Bank Holidays for two main reasons: Poor liquidity and unpredictable volatility. The 40 pip range through London & New York’s trading hours yesterday is testament to that policy. It’s as if buyers waited until the NZ Market […]
Happy New Week Surfers. Yesterday’s Report EUR/USD was unable to sustain life above the 1.2700 on Friday, returning to once again take up residence around DCZ 1.2645.. Technical Analysis The bounce on Thursday off Monthly Pivot and DCZ 1.2775 appears an ominous message to the Bulls from the Bears – “we’re baacck”! 1.2645’s tenuous hold […]
G’day Surfers – market mismatch! Yesterday’s Report The forex market is a glorious beast that, like all living organisms, goes through periods of vitality and sessions of non-activity. Most days, we see a mixture of both. Yesterday was just like that as we patiently waited for our Licorice Milkshake (something that sounds ridiculous but you […]
G’day Surfers – reversal gains momentum. Yesterday’s Report The market wasn’t prepared to wait for a right shoulder to form on the potential inverted Head & Shoulders I’ve been tracking – it rallied again. Albeit on the back of somewhat dovish Fed statement, EUR/USD appreciated for a third consecutive day – the first such occurrence, […]
G’day Surfers – one up, one down. Yesterday’s Report EUR/USD rejected a return to the deep yesterday as it failed to maintain the sub 1.2645 DCZ level. My bias was very much dependent on PA around DP and I entered Short below it, as soon as we opened for business. That trade gave me […]
G’day Surfers – you’ve gotta love the markets. Yesterday’s Report The power of our DCZ’a was underlined yesterday as finally, a decent pullback arrived for EUR/USD which bounced perfectly off DCZ 1.2510, straight to its northerly DCZ neighbour of 1.2645. The beautiful irony of that being that I was speculating about its Southern sibling being […]
Happy New Week everyone. Yesterday’s Report As if EUR/USD needed a reason to fall any further!! It certainly got one on Friday with a pretty decent NFP number and as you would expect from that result, EUR/USD crashed further – this time almost 160 pips on the day. DCZ 1.2510 ‘caught’ it beautifully and […]
