G’day Surfers – “The market just keeps rollin along” Yesterday’s Report A little more than 4 weeks ago, The Fed did a backflip on the so-called QE Tapering. EUR/USD has spiked and consolidated, spiked in the opposite direction and consolidated again. So nearly a month later, we are still awaiting a trend resumption or […]
14 October 2013 | Free Daily Analysis | EURUSD : LONG WEEKEND
Happy New Week Surfers. Yesterday’s Report Another lacklustre day as the market continues to lack direction, most likely due to the stand off in the USA. The week ended as a Doji Week, with a range of only 122 pips. Little wonder we spent most of the week on the beach, awaiting a decent wave. […]
11 October 2013 | Free Daily Analysis | EURUSD : CHOPPY END TO WEEK
G’day Surfers, quiet positive week. Yesterday’s Report No points for guessing our trading week would end quietly – the market is not ours! The Daily range was fairly “normal” at 100 pips but Price Action was very choppy and see-sawed one way, then the other. The circumstances that the US Govt is presenting to the […]
10 October 2013 | Free Daily Analysis | EURUSD : EURO SLIDES TO 1.3500
G’day Surfers – No way onto slippery slide. Yesterday’s Report EUR/USD began travelling South during Asia Session and continued unabated through London & New York Sessions, leaving us without a trading opportunity. At day’s end, the cross had lost 48 pips in a 120 pip range. Technical Analysis Finally a change has occurred with […]
09 October 2013 | Free Daily Analysis | EURUSD : PROFITS RUN ON FINE LINE
G’day Surfers, we found the Break Point – again! Yesterday’s Report It took what seemed an age to get there (and it was almost Break Even) but we hit our DR-1 Target after entering Long as EUR/USD broke out of consolidation. Our official Broker’s M1 Chart http://clip2net.com/s/5UFm4j shows how we barely stayed in the […]
08 October 2013 | Free Daily Analysis | EURUSD : MARKET TENTATIVE/WATCHING U.S.
G’day Surfers – Nothin doin! Yesterday’s Report We don’t really expect the market to move much on Mondays and yesterday, that expectation was met. Sixteen pips were gained in a 48 pip range, making it very difficult to trade. That said, we found 3 opportunities to enter but the lack of market energy meant […]
07 October 2013 | Free Daily Analysis | EURUSD : BULLS RESTED/READY TO GO
Happy New Week Surfers. Yesterday’s Report It was a little like Freefall Friday as EUR/USD pulled back off the Week’s High of 1.3645, achieved not 24 hrs prior. The day wiped 50% off the gains built slowly during the earlier part of the week. Technical Analysis Pivots/Trend remain Bullish and despite the uncertainty […]
03 October 2013 | Free Daily Analysis | EURUSD : FORTUNE FAVOURS BRAVE
G’day Surfers – NEWS HIGH! Yesterday’s Report Market Open to ECB PRESS CONFERENCE = 30 pip range. Reaction to NEWS = 100 pip rally. Post News = 30pip range. You could be forgiven for trading during the Press Conference yesterday but clearly for those who chose to leave our Long Order open, BIG profits […]
02 October 2013 | Free Daily Analysis | EURUSD : RANGEBOUND IN NERVOUS MARKET
G’day Surfers – a little “withdrawal”. Yesterday’s Report We were expecting the market to react to the “US Govt Holiday” and it did – by being quite uncertain, moving up & down quite irregularly. 70 pips virtually straight up, then back down, pausing long enough at the half way point to provide a trading […]
01 October 2013 | Free Daily Analysis | EURUSD : BIG PROFIT ON ONLY MOVEMENT
G’day Surfers – Great start to “interesting” week. Yesterday’s Report The STP strategy was at it’s best yesterday, identifying the day’s only acceleration point and banking the resulting profits. A 14 pip risk produced as much as 50 pips (31 by the book) in a 79 pips range that once again failed to end […]