Happy New Week Surfers. Yesterday’s Report EUR/USD paid 1.3700 a brief visit on Friday and found Support in the psychological level, that coincided with Monthly Pivot. PA bounced, closing the day 18 pips positive but the week, 42 pips negative. It being Friday – no trading for us. Technical Analysis DP is well […]
G’day Surfers – I’m thirsty for pips! Yesterday’s Report Just like the day before it and the day before that and……..yesterday’s PA continued to turn it’s back on our now quite persistent attempts to make some pips. Again we saw opportunities to ride a breakout Long and again, sellers kept buyers at bay until […]
G’day Surfers. the cold shoulder treatment continues. Yesterday’s Report Another Bungee day for EUR/USD as the Bears extracted 13 pips from a range of 98 pips. PA remains reluctant to stray from 1.3815 and our long term Resistance Trendline and more importantly, refuses to entertain our orders. Again, we saw an opportunity to enter […]
G’day Surfers – we must be using PA Repellent Yesterday’s Report Sixty five down – one hundred and fifteen up – forty down DOES NOT sound like your typical Monday EUR/USD market. Probably because it wasn’t. Seven Medium to High impact news releases would be the prime suspect in this case but whatever it […]
G’day Surfers – 1.3815 fails to hold. Yesterday’s Report The Flag retracement post FOMC was too strong a chart pattern, even for an untested DP yesterday as EUR/USD sellers were queueing to force PA to 1.3750, where it staged a slight recovery back to 1.3777. We attempted to play a DP Test, looking for […]
G’day Surfers – Ask & ye shall receive? Yesterday’s Report How cruel the market can be! I’ve been targeting ( http://clip2net.com/s/73bID6 ) the 1.3815/Long term Trendline re-test all week and yesterday…….target hit and how! Only problem…..no entry signal. To be fair, EUR/USD fell like a rock as the result of the Fed’s economic outlook […]
G’day Surfers – choppy, choppy! Yesterday’s Report I was more than happy to be a spectator yesterday as EUR/USD was tossed around like a cork in a rough sea. Asia Session was content to sell and late US Session belonged to buyers but the market in between, was like a bungee rope and untradeable. […]
G’day Surfers – Break even, before break out! Yesterday’s Report Another day, another spike higher for EUR/USD on a Monday that wasn’t spectacular, but showed a little spirit. We spotted an opportunity to catch the latest rally and entered Long, achieving TP1 but not our target as PA retraced prior to the ‘real’ acceleration […]
Happy New Week Surfers. Yesterday’s Report EUR/USD rallied again on Friday, fighting its way back to close above 1.3900. The positive close, capped the sixth consecutive Bullish week for the cross. This has occurred only three times since the Global Financial crisis hit the markets in 2008 and the first, since August, 2010. Technical […]
G’day Surfers – DP rules again but no entry. Yesterday’s Report Daily Pivot worked its magic yesterday as EUR/USD had the wind removed from its sails, late in the day. Pullback was called for and delivered as Tuesday & Wednesday’s gains were obliterated. Though we were expecting the move, PA taunted the market and didn’t […]
