G’day Surfers – nice end to week! Yesterday’s Report It would have been very disappointing to have missed the explosion that took place on GBP/JPY overnight – but we didn’t. We have had our eye on the cross most of the week and if not for the FOMC surprise reaction that took our stops on […]
G’day Surfers – FOMC = KABOOM. Yesterday’s Report We had a mixed day of trading yesterday with News dominating as expected. The good news is that prior to the FMC Statement, we found a way in to the only Bullish movement of the day and hit target after a bumpy ride. Then the fireworks began […]
G’day Surfers – Lively day! Yesterday’s Report The strong three way confluence at DCZ 1.2775 overpowered the Bears yesterday as PA accelerated beautifully through our Long order entry. It was quite a fun day of trading as we were firstly free trading Short (having ALMOST dismissed the Bulls) but quickly on standby for the […]
G’day Surfers – Free ride for naughty traders. Yesterday’s Report EUR/USD setup Short, in line with my analysis yesterday but the order I placed on M30 failed to trigger prior to Red News. Under our rules, I cancelled the order but I know some ‘naughty’ traders with a stronger risk appetite chose to trade through […]
Happy New Week everybody. Yesterday’s Report Just when it appeared the bears would resume their charge South, EUR/USD dug it’s toes in, refusing to slide further, despite the continuation Flag breaking earlier in the week. Indeed at one stage PA looked intent on re-testing the broken Trendline. Late selling tempered the rally and the […]
As is our expectation on most days, DP was tested yesterday on the back of early morning News. Outside of the News, there was simply no market so, despite our hunger for pips, there was only a 30 pip range from which to pluck some as PA stuck like glue to DCZ 1.2645. Clearly that’s […]
G’day Surfers – the Channel is broken. Yesterday’s Report One thing we can say with certainty about yesterday is that we were warned. The Bearish continuation Flag that has been steadily building for 3 weeks, finally gave way to downward pressure and landed ever so nicely on our 1.2645 DCZ. We were prepared to go […]
G’day Surfers – bitter irony as favourite play hurts! Yesterday’s Report How amazing it is to reflect on my musings only yesterday how analysis can be askew but trading profitable. exactly the reverse was the case yesterday. I chose (at our peril) to ignore the untested DP below and place a Long order, on the […]
G’day Surfers – not to plan but nice winner. Yesterday’s Report One of the attributes about trading that I find extremely pleasurable is the great uncertainty of what the trading day has in store. Some days the market days exactly as you believe it will, yet no trading opportunity presents. Then, there are days […]
Happy New Week Surfers. Yesterday’s Report The market was intolerant of EUR/USD residing above 1.2800 on Friday and the resulting 50 odd pip sell off saw the week close under the ‘roof’ of 1.2775 DCZ, at 1.2755. That correction took a little of the gloss off an otherwise fairly positive week and seemed to […]
