by Ian McArthur | May 19, 2020 | Daily Results
Early fundamentals played a big part in all our currency pairs today with the annoyingly early UK data at 7am, along with German and Euro block data at 10 & 11am. The 7am UK data was mixed but the pound generally strengthened, benefiting our Dom Long pairs. However our Dom Short GBP/AUD remained short despite the positive news.
The EUR/AUD started the day Dom Short but positive German data and EU ZEW Economic Sentiment saw the Euro strengthen for the rest of the morning.
The strange one today was the German Dax. This started the day Dom Long and we witnesses what seemed to be a genuine (for a change) pre-news selloff until the data release. 10am saw a huge deviation of positive German data that would normally have skyrocketed the index after a 230 point selloff, yet there was no price spike on the announcement and the price even fell until the end of the UK morning session. I realise that a stronger Euro can counter German stock prices but not usually to this extent.
All instruments yielded excellent points in both the technical long and short Dom directions and we managed a very respectable maximum potential of 870 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 87 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
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by Ian McArthur | May 18, 2020 | Daily Results
Our ICS Balances were again very mixed strengths today. The main concern was the grossly oversold GBP at the bottom of the H4 chart major support. The ‘weak plus’ index continued to gain strength throughout the UK morning session and as expected, put a bit of a spanner in our GBP/JPY and GBP/USD . However the GBP/AUD was not only net short come the US open, this continued to the end of the US session as I write. This was due to the AUD again gaining strength from the UK open. ALL GBP pairs had decent early trades but more so the AUD pairing.
The Dom Long EUR/AUD also suffered from the strengthening AUD but not before some decent early trades.
The German Dax was Dom Long with some excellent points available and this continued strongly by following Dow30 ’till the end of the US session.
Despite this, we still managed a decent maximum potential of 470 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 47 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
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by Ian McArthur | May 14, 2020 | Daily Results
Today we saw some decent divergence within the our currency strength indexes and these gave us some glaring choices, though major supports kept a lid on overall points in our 2 our Dom short GBP pairs, while the other was long. Good points were had in both Dom trend directions.
Our EUR/AUD was Dom Long tody but the trend was ‘niggled’ by the proverbal strengthening of the AUD Index which started the day as weak. Still some good long trades available.
The German Dax was Dom Short with some excellent, though manic trades to be had.
We managed another very decent maximum potential of 815 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 81 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.
by Ian McArthur | May 14, 2020 | Daily Results
Our Dom Short GBP pairs were literally a write off from the UK open with this extremely annoying new time of 7am for UK data announcements. If we had the usual time of 9.30am we could have enjoyed pre news selloffs in the short direction, encompassing all our usual Jath times. The outcome of the news then would be irrelevant as our points would already have been made. Instead we had overall positive data at 7am which strengthened the pound against our short Doms. At this point it was always going to be the positive news versus the short Doms. The Doms won! However this seriously restricted the amount of trades and therefore points available but we still did OK and the price plummeted into the US open and beyond.
The Dom Long EUR/AUD suffered again by a strengthening AUD Index which started the day ‘flat plus’ and continued to gain strength until plummeting into the US session. There were still some very good trades and points available.
The Dom Short German Dax yielded some excellent points too but ended up fairly flat come the US open. This then proceeded to follow the US30 off a cliff on negative US data.
Today we managed another decent maximum potential of 645 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 64 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.
by Ian McArthur | May 12, 2020 | Daily Results
Trading shifted to a more technical angle today, although fundamentals are still lurking in the background. Our individual currency strength indexes were themselves very non-directional so overall momentum within pairs was not expected. The GBP Index started off ‘weak ish’ and this continued throughout the day but we still had good trades in both our Dom Long and Short direction.
All AUD linked pairs suffered again from an initially ‘weak plus’ AUD Index at the UK open to strong into the US open. This played havoc with the EUR/AUD & GBP/AUD which were both Dom Long. The strengthening AUD drove the these prices down but not before some decent early trades in each. The beauty of all this? Expectation from the open!
The Dom Long German Dax remained fairly flat due to a strengthening EUR but again there were some very decent trades early on.
Today we managed a decent maximum potential of 545 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 45 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.
