G’day Surfers – Current Surf Conditions: Choppy!! Yesterday’s Report When EUR/USD ranges less than 60 pips in a full day’s trading – you know it’s going to be tough to make pips. Such was the case again yesterday with the six four hour candles comprising two black, two white & two dojis. All this […]
Happy New Week Surfers, Yesterday’s ReportI’m certainly not surprised by Friday being a perfect doji day. After three consecutive negative days, EUR/USD basically needed to take stock. It being a Friday – no trading for us of course. Technical Analysis To my mind, Friday’s indecision displays precisely where the market sees itself. This may […]
G’day Surfers, Boring……but SAFE! Yesterday’s Report Much like the rest of this week, Price Action acted as if on a bungee chord as sudden, substantial falls gave way to slow, not so determined recoils. With 2 trading Sessions remaining, it’s more than likely that EUR/USD will complete it’s week, just like the bungee chord, significantly […]
G’day Surfers, been here – done this! Yesterday’s Report Just as our Pivots suggested, EUR/USD failed to find a sustainable direction yesterday displaying Bearish intent through early London session, plummeting 75 pips quickly, before clawing it’s way out of the hole to close 20 pips shy of the day’s high. We were waiting at […]
G’day Surfers, strong move but is it a new trend?? Yesterday’s Report Price Action totally ignored my Play of the Day yesterday, as well as quite a few Support Levels including Daily & Weekly Pivots, DS-1 & 2 and our long time favourite, 1.3033. The absolute gushing of EURO over the waterfall saw 124 […]
G’day Surfers – it’s all about the flags. Yesterday’s Report Our observation that EUR/USD had travelled far enough prior to London Session yesterday was spot on – Price Action increasing the Daily Range by a mere 17 pips, before closing up 40 pips @ 1.3058. We spotted two opportunities to trade (one in each direction […]
Happy New Week Surfers. Yesterday’s Report Must say I was expecting some substantial movement on the back of the Ecosummit but it’s almost a case of “what Ecosummit?” if market reaction is anything to go by. I guess you could say that EUR/USD was @ 1.3128 prior to the Summit & 90 pips lower […]
G’day Surfers – weekend’s here! Yesterday’s Report Pretty much according to our script EURO was keen to reach for the sky but was technically tethered to the Land Downunder. No, No not my land of suntanned babes, Kangaroos & magnificent Shiraz – that region under 1.3115. After 5 failed attempts to break this Strong S/R […]
G’day Surfers – no surprises, no market! Yesterday’s Report We didn’t need to be Einstein to recognise that yesterday was better suited to gardening (or any other relaxing pursuit) than trading. Price Action needed a rest after the 200 pip Bull run of the previous two and a half days – and rest it did. […]
G’day Surfers – great ride yesterday! Yesterday’s Report We saw good probability for EURO to breakout of the consolidation, to the North and had it “surrounded”! Our Swing & Relax Strategy had the direct break covered and indeed, our Long order triggered just prior to London Open. Our Pivots warned us of an early […]
