G’day Surfers – smell the rubber? Yesterday’s Report EUR/USD applied the brakes yesterday, ranging a meagre 36 pips. The Bearish momentum died as a result and trading was a non event. Once again, we spotted the day’s only acceleration point and attempted twice, to catch the move. Both orders expired prior but the target […]
G’day Surfers – it’s more of the same. Yesterday’s Report EUR/USD headed further South in search of last week’s spike to 1.3500 and accommodated us with a clone like replica of the same invitation that made us money on Monday. We accepted, despite the major difference – that being an untested DP above PA. From […]
G’day Surfers – Nice start to the week. Yesterday’s Report Trading the reliability of EUR/USD testing DP is always a consideration but doesn’t always setup. Yesterday was one day where it did, almost perfectly. We don’t require a second invitation when it’s there and yesterday we took full advantage of a Secret Surfing The […]
Happy New Week Surfers. Yesterday’s Report If you were looking for NFP to fire the market into action, you were sadly disappointed on Friday as a mini repeat of the ECB Interest Rate cut reaction played out. PA drifted first one way, then the other, finally ending the second consecutive doji week back in […]
G’day Surfers – what was THAT? Yesterday’s Report What a ride it was – ECB drops rates (as expected) sending EUR/USD to 1.3500 (as expected) BUT THEN, straight back to positive territory!! No wonder I’m not a fan of fundamentals! Technically, it was impossible to entertain being in the market yesterday with absolutely no PA […]
G’day Surfers – it’s Breakout Day! Yesterday’s Report Not that I was expecting PA to stray too far from DP/WP combo but the small (42 pip) range the day produced, was full of volatility. The market looked in need of a sedative at one stage with PA bouncing around like a cork in the […]
G’day Surfers – pre NFP consolidation kicks in. Yesterday’s Report It looked entirely likely mid trading day yesterday, that EUR/USD was about to sprout wings, after News sent it (somewhat counter the news) on a Northerly ‘test flight’. The market remembered what day and week it was however and clipped EUR/USD’s wings, sending earth […]
G’day Surfers – back to 1.3600. Yesterday’s Report PA jumped straight out of the starting blocks yesterday and headed exactly where the Pivots suggested – SHORT to DS-1. There was no way to trade our expectation however – the day’s trading (Monday of NFP week) was over shortly after it began. Our attention turned to […]
Happy New Week Surfers – Felice Festa della Repubblica, Italiano. Yesterday’s Report A 52 pip Friday, mostly positive, saw EUR/USD find Support in the 1.3600/Support Trendline confluence. This crucial area failed to yield but on what has become a typical small range, it’s difficult to tell if that will remain the case. Technical Analysis […]
G’day Surfers – there’s no way in. Yesterday’s Report Another illiquid day for EUR/USD, less than 50 pips top to toe – the ‘high’light being a 27 pip M30 buying ‘spree’, followed immediately by a 25 pip selling ‘frenzy’. Our only invitation to enter came from the Bulls, who enticed us to place a […]
