by Ian McArthur | Apr 11, 2020 | Weekly Roundup
Friday saw drastically reduced volumes due to the Good Friday holiday and little in the way of economic data, apart from the US CPI and Federal Budget Balance and speech announcements.
This reflected in overall reduced gains, along with the absence of the German Dax which can account for between 20 & 50% of our points.
However there were still decent trades in both our technically long and short Dom directions with a maximum potential of 415 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 41 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 | Apr 9, 2020 | Daily Results
Early UK economic data influenced our GBP pairs today. The news was a bit of a mix bag but because of the results of Industrial and Manufacturing Production (as opposed to Trade Balance) the effect was generally positive and the pound strengthened nicely leading up to the US open (End of London morning session). This enhanced our Dom Long pairs with some excellent points available but was detrimental to our Dom Short GBP/AUD. However there were some very good points in the short direction in early trading and this short prediction of the GBP/AUD continued until the time of writing (approx 22.00 BST). Amazing stuff!
The EUR/AUD gave a potential of 210 points, something that I forgot to edit into the chart, apologies.
The German Dax did extremely well in early trading but ended up relatively flat come ther US open. This could have possibly been the result of a pre news sell-off leading to high volatility rating ECB Published Accounts at 12.30 BST.
Currency volatility is leveling off but unfortunately our brokers have not adjusted our spreads accordingly. Thieving stewards! We managed another respectable maximum potential of 825 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
To reiterate, I have reflected the increased spreads that we are being charged and all figures quoted are net.
A 10% target of this figure would have yielded a minimum of 82 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 8, 2020 | Daily Results
The markets seem to be settling a little at the moment, little being the operative word. All our Doms did excellent in early trading but again, there was unusual movement of the AUD after the London open. Sometimes we get a weakening but today we had a strengthening which obviously disruptrd our related pairs. Unfortunately today this strengthening went against our long Doms, with the AUD being the secondary currency. Fortunately our early Jaths did well before the rot set in.
With currency volatility falling slightly again, we still managed another respectable maximum potential of 840 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
To reiterate, I have reflected the increased spreads that we are being charged and all figures quoted are net.
A 10% target of this figure would have yielded a minimum of 84 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 7, 2020 | Daily Results
Our technical Doms did far better today with net directions getting back to 100% by the end of the London morning session. However the markets are still manic and unpredictable (for your average trader!) with the continuing battle between economic data, coronavirus fundamentals and market movers who are battling to push prices in their preferred direction.
Volatility still remains on the high side (along with brokers spreads) and today we managed another very respectable maximum potential of 1,485 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
To reiterate, I have reflected the increased spreads that we are being charged and all figures quoted are net.
A 10% target of this figure would have yielded a minimum of 148 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 6, 2020 | Daily Results
The markets are now showing a good deal of instability as the 3 way battle between technical, standard fundamental and coronavirus heats up. Another problem we had today were the weekend gaps, some of which were much larger than usual. The instability was evident with positive EU news which went on to weaken the EUR and negative UK news that strengthened the GBP. Another problem we had were far from ideal ICS Balances. Very dangerous times and one of the worst technical Doms I’ve seen for a long while.
However ALL our early trades complied with our Dom conclusions and there were ample trades available, giving us our minimum targets with ease.
Despite the market instability, we still managed a respectable maximum potential of 805 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
To reiterate, I have reflected the increased spreads that we are being charged and all figures quoted are net.
A 10% target of this figure would have yielded a minimum of 80 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.
