G’day Surfers – ready for ACTION? Yesterday’s Report Despite Daily & Weekly Pivot being locked together, EUR/USD was content to ebb & flow yesterday rather than succumb to the magnetic attraction the duo provide. We spotted only one opportunity to enter, attempting to play the Short to Daily/Weekly Pivot but despite a brief approach to […]
Happy New week Surfers. Yesterday’s Report After Thursday’s fireworks, the NFP announcement on Friday was almost an anti climax. Had the number not been as horrendous, I doubt we would have seen much buying OR selling action around EUR/USD. That was not the case however and 1.3030 (our ever popular Daily Critical Zone) was the […]
G’day Surfers – Tsunami arrives!! Yesterday’s Report Well the much anticipated consolidation breakout certainly arrived – and HOW! Price Action whipsawed 115 pips in a heartbeat once the Red News announcements began during early New York Session and the Daily Range exploded to more than 200 pips, setting NFP day up very nicely. We were […]
G’day Surfers – it’s true: you CAN’T beat time with a stick! Yesterday’s Report Like it read our Daily Brief, Price Action proceeded to Daily Pivot and on to DR-1 as the result of some, at times, spirited buying yesterday. There were two opportunities for our strategy to ride with it, EXCEPT for the timing […]
G’day Surfers – Happy Hump Day Yesterday’s Report There are days when EUR/USD trades inside a 70 pip range yet trading is possible and often profitable. Yesterday was NOT one of those days for me. At no stage did I consider entering the market, after our attempt to catch a cheeky break of our Resistance […]
Happy Post Easter, new month & NFP Week Surfers. Yesterday’s Report Last Thursday seems a long time ago and frankly the market has done precious little since. Quite unremarkable Price Action over the Easter break with EUR/USD now a mere 33 pips from where it closed when last we traded. Nothing more needs to be […]
G’day Surfers – WANTED: EURO BUYERS…….IMMEDIATE START REQUIRED Yesterday’s Report Only EURO sellers were trading EUR/USD yesterday, with no buyers in sight. Once the consolidation broke to the South – there was only going to be one result – a weaker EURO, on the back of continued uncertainty in the market. Not as emphatic as […]
G’day Surfers – is there a Doctor in the house to check the Market’s pulse? Yesterday’s Report I think the less said about yesterday’s market – the better! Outside of a couple of news induced spikes, the Market completely lacked liquidity and was untradeable. We did however, notice 3 opportunities to trade the break to […]
G’day Surfers – bye bye EURO! Yesterday’s Report What a way to start the week! One step forward & two steps back for EURO yesterday – that’s 100 pips up, then KABOOM, 200 down as the market had it’s say on the Cyprus debacle. We were given an invitation to join the selloff and accepted, […]
Happy New Week Surfers: CYPRUS CRISIS – GOOD BANK/BAD BANK Yesterday’s Report Wind back the clock one week and we were faced with a massive 150 pip gap due to a completely untenable Cyprus Bank Rescue Package. Today, a new package, all but closed gap and EUR/USD back to pre-Cyprus crisis level. It’s like it […]
