G’day Surfers – You don’t always get paid for being right. Yesterday’s Report I was Bearish but NOT expecting a 150 pip crash – and that’s what happened yesterday to EUR/USD. Sometimes getting the direction of the market right is not enough to bank pips. In fact, if you get a little “creative” (read cheeky), […]
G’day Surfers – and break they did! Yesterday’s Report The congestion of the market forced Price Action (PA) to break ranks and the inevitable ocurred. We weren’t sure which direction the break would take but we received a nice signal prior to London Session. The acceleration we sought occurred but the market stalled prior to […]
Happy New Trading Week Surfers – nice long break! Yesterday’s Report Though I confess to paying scant regard to the charts yesterday, I found no surprise that the market ranged less than 60 pips and was directionless. We are definitely better off away from the Market when either the US or Europe are on Holiday! […]
G’day Surfers, Oh bummer – it’s another Holiday Monday!! Yesterday’s Report The perfect imitation of a Bungee cord was how Friday traded. Our Support Trendlines provided the perfect boundaries for Price Action but of course, it being Friday, no trading for us. Technical Analysis In deference to President’s Day in the USA, we will not […]
G’day Surfers – weekend time! Yesterday’s Report It’s not often I am in disagreement with our Pivots which yesterday were in Bullish formation. The Bearish continuation Flag was NOT to be denied however and only EURO sellers could be found. My preferred option was to trade Long yesterday after early selling but there was NO […]
G’day Surfers – Coast is clear. Yesterday’s Report It might have been short lived but the Bullish movement yesterday was sufficient for our Buy Signal to hit both it’s targets. There was no warning of which direction EUR/USD was going to break the consolidation but a subsequent pullback gave us the signal we needed […]
G’day Surfers – Lookout for breakout Yesterday’s Report Without a clear direction Yesterday, we needed to rely on AAA setups rather than guess which way the consolidation would break. The setup we received at our Hotspot was for a break Short. Clearly the Support we mentioned held and Price Action took off in the opposite […]
G’day Surfers – consolidation continues. Yesterday’s Report Our Pivots seldom lie to us and yesterday, their mixed and compact nature suggested not only was the market without direction – it was not going to move very far. That EUR/USD closed less than 40 pips from it’s open, is proof enough. We were looking […]
Happy New Week Surfers Yesterday’s Report I asked the market for some consolidation and it delivered, spending most of Friday hovering above Weekly Pivot and our former Resistance Trendline #1 become Support. The week concluded with a late 75 pip Bearish move and EUR/USD dipping below that Support to close at 1.3353. Technical Analysis Over […]
G’day Surfers – I “rue’s” the News! Yesterday’s Report When I look at Yesterday’s analysis http://clip2net.com/s/2O4YA I wonder how it is that my bank a/c isn’t substantially greater this morning? There’s a beautiful irony in the answer – Economic News & time forced us to cancel the Short order that would have produced a big winner. […]
