G’day Surfers – only pips are ‘inmates’. Yesterday’s Report Once again, EUR/USD failed to secure freedom from its constraints and retreated back into the range, after Monday’s brief ‘escape’. Intraday, we saw the recapture coming and placed the Short order that expired seconds before PA sped through DP before ‘lights out’ at WP. Compounding […]
G’day Surfers – fasten seat belts? Yesterday’s Report EUR/USD showed signs of life yesterday, as buyers stepped in from London open. Two hours of buying saw the open gap close and a mini break of the two week long 79 pip range. We spotted a sign that the open surge might have been false […]
Happy New Week Surfers. Yesterday’s Report A 21 pip range completed an incredibly uneventful trading week for EUR/USD. An entire week of trading failed to move outside a 69 pip Hi/Lo. The Inaction stretching further, the “fortnight of fizz” that began on April 14th, when the market gapped Short. The range since, has been only […]
G’day Surfers – accelerate too late! Yesterday’s Report Having waited patiently for a breakout all week, EUR/USD failed again yesterday to break the shackles of the 9 day old 79 pip range. Just the one acceleration point was on offer and we isolated it beautifully. Our Short order expired just prior to News which instigated […]
G’day Surfers – still in the range I see!! Yesterday’s Report Dependant on your risk profile, it was a case of lucky or unlucky yesterday. A beautiful Secret Surfing The Pips Candle Pattern arrived at the exact same time as the double dose of EURO news was released yesterday. Our strategy prevents us trading at […]
G’day Surfers – non trade market continues. Yesterday’s Report Thirty nine pips was as far as EUR/USD was prepared to move yesterday and that simply, is not enough to trade. Traders appeared thin on the ground and perhaps were enjoying an extra long Easter break. No orders – no trades. Technical Analysis As […]
Happy New Week Surfers. Yesterday’s Report Our last trading day seems that long ago, it really is insignificant so let’s move on to the current market. Technical Analysis Not surprisingly given the Holiday period, four of the last five days have been Doji days for EUR/USD so the market may take some time […]
G’day Surfers – mini moves in compressed market. Yesterday’s Report The ‘squeeze’ continued yesterday as EUR/USED ranged a meagre 47 pips and produced yet another Doji day (3 from last 4). Again we found the day’s acceleration point and an easy TP1. The reluctance of PA to stray far from the compressed Pivots prevented […]
G’day Surfers – 2 attempts ; 2 refusals. Yesterday’s Report With only 43 pips of range to play with, PA still managed to avoid our entry levels yesterday. We were keen to play the DP Test but the market waited until both our Long orders expired before completing it’s almost daily duty. Technical Analysis […]
G’day Surfers – hmmm, back to DCZ. Yesterday’s Report Despite (or perhaps ‘in spite of’) the combined magnetic forces of an untested DP and a Market Gap, PA found a re-test of DCZ 1.3815 more attractive in a typical Monday 55 pip range. We spotted an opportunity to trade the DP Test and were […]
