G’day Surfers – There’s signs of life – at last! Yesterday’s Report Well, finally the 50 pip daily barrier has been broken and pretty much as anticipated – straight to the Short side. Sadly, the only two setups, were Long ones. Sometimes it happens – direction correct, setups non compliant. One of the greatest parts […]
G’day Surfers – Failed On Most Counts, except the real one….making money! Yesterday’s Report When the Fed talks – the market listens. Well, at least that used to be the case but when an FOMC Statement produces a 29 pip M30 candle, my ears prick. What am I missing here? That mystery aside, PA was […]
G’day Surfers – something’s gotta give! Yesterday’s Report You don’t need me to tell you that there was yet again, NO MARKET for EUR/USD yesterday. A solo 20 pip M30 candle was the major component of yet another dismal 29 range. We saw the ‘acceleration point’ but our Long order expired, prior to entry. […]
G’day Surfers – it’s a slow old market. Yesterday’s Report You may be sick of hearing it but facts are facts – EUR/USD is in a deep slumber and in need of life. We can say that the market consolidates before and after News like last week’s NFP and tomorrow’s FOMC Statement but consolidation is […]
Happy New Week Surfers – the stars are aligned ! Yesterdays, Report Not surprisingly, Friday was another non event day, producing a 26 pip range. With a Thursday NFP and Independence Day in the States – it was all about the Long Weekend, not trading. Technical Analysis It doesn’t often happen that Monthly, Weekly and […]
G’day Surfers – Range Tiny but Profit Tidy for short week. Yesterday’s Report EUR/USD’s dismal liquidity continues but enough life was breathed into the market yesterday, to produce a nice trade. London open produced the setup Short and we were triggered. Both TP1 & Target were a bit of a struggle but sluggishness is the […]
G’day Surfers – what was/wasn’t that! Yesterday’s Report Yes, we expect NFP week to produce a slow market but yesterday was simply ridiculous! Aided by a magnifier, I can make out that the Day’s range was 24 pips. That makes intraday trading impossible – so we stayed well away. Late in the day, we spotted […]
G’day Surfers – into & out of the Blue. Yesterday’s Report Just when I least expected, EUR/USD broke the top of its recent range and headed directly to 1.3700 yesterday. Not that a 57 pip Day is anything to write home about, but on NFP Monday, my expectations were for consolidation, rather than breakout. […]
Happy New Week Surfers. (End Of Financial Year) Yesterday’s Report Another low volume day for EUR/USD that saw PA fairly Bullish. 37 of the forty pip range counted and the cross rounded the week out at 1.3646, some 77 pips above where the week began. That’s now three weeks spent inside the H4 candle produced […]
G’day Surfers – just not our market! Yesterday’s Report The daily range of yesterday’s EUR/USD trading, was 65 pips – bang on the Average True Range of this cross for 2014. That’s a 45% decrease on the 5 year figure. It’s also a figure that suggests to me, that the market is unwilling to budge […]
