G’day Surfers – “The market just keeps rollin along” Yesterday’s Report A little more than 4 weeks ago, The Fed did a backflip on the so-called QE Tapering. EUR/USD has spiked and consolidated, spiked in the opposite direction and consolidated again. So nearly a month later, we are still awaiting a trend resumption or […]
Happy New Week Surfers. Yesterday’s Report Another lacklustre day as the market continues to lack direction, most likely due to the stand off in the USA. The week ended as a Doji Week, with a range of only 122 pips. Little wonder we spent most of the week on the beach, awaiting a decent wave. […]
G’day Surfers, quiet positive week. Yesterday’s Report No points for guessing our trading week would end quietly – the market is not ours! The Daily range was fairly “normal” at 100 pips but Price Action was very choppy and see-sawed one way, then the other. The circumstances that the US Govt is presenting to the […]
G’day Surfers – No way onto slippery slide. Yesterday’s Report EUR/USD began travelling South during Asia Session and continued unabated through London & New York Sessions, leaving us without a trading opportunity. At day’s end, the cross had lost 48 pips in a 120 pip range. Technical Analysis Finally a change has occurred with […]
G’day Surfers, we found the Break Point – again! Yesterday’s Report It took what seemed an age to get there (and it was almost Break Even) but we hit our DR-1 Target after entering Long as EUR/USD broke out of consolidation. Our official Broker’s M1 Chart http://clip2net.com/s/5UFm4j shows how we barely stayed in the […]
G’day Surfers – Nothin doin! Yesterday’s Report We don’t really expect the market to move much on Mondays and yesterday, that expectation was met. Sixteen pips were gained in a 48 pip range, making it very difficult to trade. That said, we found 3 opportunities to enter but the lack of market energy meant […]
Happy New Week Surfers. Yesterday’s Report It was a little like Freefall Friday as EUR/USD pulled back off the Week’s High of 1.3645, achieved not 24 hrs prior. The day wiped 50% off the gains built slowly during the earlier part of the week. Technical Analysis Pivots/Trend remain Bullish and despite the uncertainty […]
G’day Surfers – NEWS HIGH! Yesterday’s Report Market Open to ECB PRESS CONFERENCE = 30 pip range. Reaction to NEWS = 100 pip rally. Post News = 30pip range. You could be forgiven for trading during the Press Conference yesterday but clearly for those who chose to leave our Long Order open, BIG profits […]
G’day Surfers – a little “withdrawal”. Yesterday’s Report We were expecting the market to react to the “US Govt Holiday” and it did – by being quite uncertain, moving up & down quite irregularly. 70 pips virtually straight up, then back down, pausing long enough at the half way point to provide a trading […]
G’day Surfers – Great start to “interesting” week. Yesterday’s Report The STP strategy was at it’s best yesterday, identifying the day’s only acceleration point and banking the resulting profits. A 14 pip risk produced as much as 50 pips (31 by the book) in a 79 pips range that once again failed to end […]
