G’day Surfers – Pullback accomplished. Yesterday’s Report It was all about the Fed tapering and not surprisingly, it rocked the market when announced. Indeed there was no market prior to the FOMC Statement which took our Swing & Relax order into the market delivering a TP-1 & allowing our stops to move to BE […]
G’day Surfers – pressure building as taper speculation grows. Yesterday’s Report The market showed little sign yesterday, of approaching either of our DCZ’s – 1.3815 OR 1.3700, the consolidation area into which it has now settled. The day’s gain of 7 pips in a 59 pip range, spoke more of the anticipation of the […]
G’day Surfers – wind down has begun, old memories re-surface Yesterday’s Report EUR/USD approached but failed to test last week’s High, on Day 1 of our final trading week for 2013. The anticipated consolidation gained traction yesterday with Price Action (PA) positioning itself in the heart of the 1.3700 – 1.3815 DCZ’s. Smaller intraday […]
Happy New Week Surfers. Yesterday’s Report The year’s High remains intact after the pullback that began on Thursday, continued on a quiet old Friday. A modest range of 60 pips saw EUR/USD close the week a mere 23 pips higher than when it began. Technical Analysis Price Action appears likely to consolidate within our […]
G’day Surfers – Time really matters. Yesterday’s Report EUR/USD did everything we anticipated it would yesterday EXCEPT testing the previous High. We saw two opportunities to trade that Test – both at the same time. One was on M30, the other H1. M30 was an earlier entry and produced TP1 and a Break Even trade. […]
G’day Surfers – hard work but we got the cash. Yesterday’s Report Our M30 trades are typically a wham bam thank you Sam type affair – Entry, Acceleration, TP-1 and Target in less time than it takes to boil the kettle for my evening cup of tea. Yesterday, I had time to harvest the […]
G’day Surfers – Is it Christmas already? Yesterday’s Report EUR/USD edged to within 40 pips of the 2013 high yesterday but lack of buying energy, prevented the test taking place. Nor did the Bears seize the opportunity to test Daily Pivot (DP) for the second day running. In fact, it was another lacklustre market that […]
G’day Surfers – It’s slow going uphill! Yesterday’s Report A 52 pip range and a slow moving market…….must have been Monday! The 26 pip day’s gain, took the entire day to achieve – no market for our strategy so no trade. Significantly, the Resistance we spoke of yesterday (where I expected a bounce), had no […]
Happy New Week Surfers. Yesterday’s Report Good NFP employment figures drove EUR/USD to Daily Pivot (DP) momentarily on Friday but buyers jumped straight back into the market to produce the week’s high and closing above the psychological high at 1.3705. Technical Analysis Back at the top of the Bullish Channel #1, EUR/USD is once […]
G’day Surfers – we nearly got the rent! Yesterday’s Report Price Action (PA) looked lively early on and gave us a nice signal that a Short move was on the way. We accepted the invitation but once again, had to wait a long time to achieve TP-1 as the market died, in anticipation of […]
