G’day Surfers – is it De-Congestion Day? Yesterday’s Report Mixed fortunes on separate strategies yesterday in what was a very choppy affair. We spotted a risky entry on M30 Chart and reduced our stake to the minimum but paid the price for trading away from the electromagnets Daily & Weekly Pivot. The very candle that […]
Happy New Week Surfers – Yesterday’s Report Though he actually disproved it, Newton is credited with “What goes up – must come down” and it certainly found validity in Friday’s Price Action. We should be surprised at this………….NOT, given the lead-in the week had delivered. Truly snake like in nature and confirming the congestion of […]
G’day Surfers – it took some shaking but Rip rose to the occasion.Yesterday’s Report For the second time this week, HMS EURO had cleared the decks and was preparing to semaphore the “Dive” order when suddenly, the periscope spied dual targets to the North. Our flotilla of strong resistance was cruising safe in the unfounded knowledge […]
G’day Surfers – never was a fan but what an arm wrestle we are witnessing. Yesterday’s Report And the winner of the lottery is…………Shorts. In what was truly a 50-50 call, Price Action marked time for the majority of yesterday, waking from it’s slumber as we anticipated, once only. Whilst conscious, it decided the Dash […]
G’day Surfers – what a system we have! Yesterday’s Report Intraday charts yesterday were quite Bullish in the signals they were emanating via a continuum of higher highs & lows. Just like Monday however, our Pivots were counselling us that Longs, whilst not impossible, would be fraught with danger. Somewhat mischievously, we pounced on […]
G’day Surfers – Q – What’s the most obvious way to find a long trade? ………………….. A – Spot a perfect short scenario !!!! Yesterday’s Report Indeed this was the case yesterday as our Pivots were perfectly poised – tantalisingly Bearish. As we waited for two essential criteria to be met before shorting EURO, Price Action setup a […]
Happy New Week Surfers – back to work eh?Yesterday’s Report Spending a week away from the markets (as I have) has served only to re-enforce my thoughts that EURO is STILL, yet to find a bottom. The back end of last week clearly displaying that the prevailing reversal signal (inverted head & shoulders) is not […]
G’day Surfers, 2:30pm CET USD Trade Balance 2:30pm CET USD Unemployment Claims Yesterday’s Report Another consolidation day with Price action once again (3 day in a row today) around 1.2370 when I open the chart in the morning to write this little article. It’s a trick. Try always to remember the price you see when […]
G’day Surfers, Yesterday’s Report You can make money when the price goes up and when the price goes down but not when price doesn’t move! Yesterday we had an entry trying to trade the ascending triangle who was forming right after the break of the pennant we spotted in yesterday analysis. Thanks to our Free […]
G’day Surfers, Yesterday’s Report As expected, no price action yesterday and boring lateral, consolidation all day long. The proof is that as I wrote now price is at the same exact level of yesterday Daily Brief. No market, no trades. Technical Analysis The inverted Head & Shoulder formed friday is still intact and now D-P […]
