G’day Surfers – Doji Day gives nothing away. Yesterday’s Report It must be NFP week – the market is giving very little away and seems to be playing a “broker’s game”. Monday’s crash was covered by Tuesday’s Rally which was countered in a 90 minute sell off yesterday, closely followed by a pip for pip […]
G’day Surfers – Double Bottom rules! Yesterday’s Report Incredible unemployment figures out of Spain yesterday, ensured EUR/USD was headed in one direction only – UP. The only chance we had to trade the rally was right on the News release so no order. At day’s end, the Double Bottom I wasn’t trusting yesterday, proved […]
G’day Surfers – no up after down. Yesterday’s Report EUR/USD took a big dive yesterday, to kick NFP week off in surprising fashion. We were anticipating some early selling but NOT a crash. By Monday standards, the fall was quite substantial. Price Action (PA) didn’t setup for us to catch the move, in fact […]
Happy New Month/Week Surfers. Yesterday’s Report Each Monday, when I look at Friday’s Charts, I normally get an affirmation of why I don’t trade the last day of the week. Today is certainly no exception as I notice the crazy Price Action (PA) within a tiny 40 pip range. As I write this, PA […]
G’day Surfers – it’s Flat City and a Looong weekend. Yesterday’s Report Another ranging day for EUR/USD with Price Action confined to 55 pips and an 8 pip gain. Despite the tightness of the market, we saw an opportunity to play the Daily Pivot (DP) Test but our Short order expired prior to the movement […]
G’day Surfers – no room to move. Yesterday’s Report EUR/USD was trading at 1.3570 when UK session began yesterday, travelled the well worn path to Daily Pivot (1.3521) and “bounced” back to close at 1.3574 and a new 3 week High. The 53 pip travel we had to work with produced nothing by way […]
G’day Surfers – Predictable Pivotal Day produces little. Yesterday’s Report With Daily & Weekly Pivots in close proximity, it was reasonable to conclude that Price Action wouldn’t be too far away yesterday. From the Open, there was only one place the market was heading – to Daily Pivot (DP). No invitation was offered […]
Happy New Week Surfers. Yesterday’s Report EUR/USD found Support @ the 1.3400 psychological level on Thursday, after Wednesday’s “guillotine” cut a swathe through the cross. Price Action bounced nicely and the rally continued throughout Friday, closing the week mid 1.35’s, some 57 pips better, than when the day began. Technical Analysis The new […]
G’day Surfers – great end to the week. Yesterday’s Report We accepted the challenge of trading between news announcements yesterday and reaped the rewards. We found 2 entries, both looking to play the Daily Pivot Test. #1 closed @ Break Even but the second order went from entry to target in 2.5 minutes, producing a […]
G’day Surfers – Flag Break means Game Over? Yesterday’s Report Somewhat like Formula 1 Drivers, the Bulls & Bears spent much of yesterday jostling for position with the “lead” changing hands many times as the Final Lap approached. With the chequered Flag directly in their sights, the Bears accelerated and the Flag was broken […]
