by Ian McArthur | Apr 19, 2020 | Weekly Roundup
The end of the week saw another manic movement of price on lower volumes within the markets as traders try and evaluate the longer term impact of the coronavirus pandemic. Again this is affecting technical moves to a certain degree as charts are not adhering to usual patterns and breakouts.
There was little in the way of economic data on Friday but next week sees another string of announcements for March and still some high volatility news from February ?? Expect some large deviations from previous.
All our currency pairs were technically Dom Short and all did extremely well in this time of consolidation. The German Dax was the only instrument that was Dom Long with excellent points available.
With volatility now levelling off (but not quite in line with our spreads!), we had a respectable maximum potential of 890 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 89 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 | Apr 16, 2020 | Daily Results
The markets seem to be consolidating at the moment with little overall strength or direction. The coronavirus pandemic is even overriding official economic data, as announcements are having little effect while the world awaits with baited breath for a miracle vaccine or cure. Until this happens, the markets are going to be driven far more fundamentally which makes any form of technical trading more difficult.
Despite this, there were still some good trades in both our Dom long and short directions and our minimum targets were hit with ease.
Volatility and volumes are steadying during this consolidation period but again, brokers seem to be forgetting this!
Today we managed a maximum potential of 690 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 69 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 | Apr 15, 2020 | Daily Results
Today was very much like yesterday, with some glaring choices and obvious omissions due to heavy conflicts within our ICS Balances. Again we were fortunate enough to be fully aware of this before we started trading and were able to pick the instruments with the best trend momentum.
We also had the proverbial coronavirus fundamentals disrupting the German Dax on the announcement of their lockdown extending to mid May. As stocks plummeted, risk was transferred to currencies. As the Dow follows the Dax until the US open, we not only saw a strengthening of the EUR but also the USD which had initially started the day as Weak Plus and ended up strong as the morning progressed. This obviously had a knock on effect with our EUR & USD pairings, some good and some bad. Again, our early trades did well with some excellent points in our chosen instruments (best ICS Balance).
Volatility is now levelling off (unlike our spreads!) with a maximum potential of 720 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 72 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 | Apr 14, 2020 | Daily Results
Today was far from ideal in comparison to what we are used to. Trends were very manic and unpredictable no matter what approach you were using. However the beauty of the Max Day Trading Domino Effect and related technical analysis, is we knew BEFORE the markets opened that things weren’t going to be easy. So maybe take a day off, or just cherry pick the more obvious?? Despite all this, there were still some good early trades in our chosen Dom directions, as always.
The really annoying thing is that volumes and volatility have dropped back down to almost standard levels but our brokers are still shafting us with increased spreads. Almost 280% on one of my favourites, the German Dax (1 to 2.8 points).
We had some decent trades in both our technically long and short Dom directions with a maximum potential of 425 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 42 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 | Apr 13, 2020 | Daily Results
With today being a bank holiday in most countries, we again saw drastically reduced volumes and literally nothing in the form of economic data affecting our instruments.
However there were still some decent trades in both our technically long and short Dom directions with a maximum potential of 515 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 51 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.
