by Ian McArthur | Mar 19, 2020 | Daily Results
The big surprise today was yet another unexpected UK Interest Rate cut by the BOE from 0.25% to 0.1%. With the pound being so oversold, this actually had little effect where normally the GBP would drop like a stone. This, along with other instruments are now massively oversold due to ongoing Coronavirus fundamentals that it’s hard to determine where the reversal points will be. Stocks are again heading south after a brief climb just after the London open but have recovered somewhat in the US session. This of course is making technical trading a little more difficult and with the increased volatility, quite dangerous too.
There was more swings instead of outright trends today but everything behaved for our early Jath trades. This chaos was reflected more so in our AUD pairs as there was some good news amongst the carnage for a change with positive Employment data which lifted an initially weak AUD.
Today we had very high volatility and have been paying for this with increased spreads from our brokers (Greed!) Early Doms were still good in both directions within our instruments but price was more manic with little momentum.
Another eye watering day with a maximum potential of 2,735 points (up 600 on yesterday) 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 273 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 | Mar 18, 2020 | Daily Results, News
The madness continues. The Dow shed another 2,490 points since yesterdays high, the Dax 850 and the FTSE 390.
The GBP has plummeted to levels lower than after the Brexit vote. This following post from the MailOnline sums the situation up perfectly (in my view).
However and yet again we had perfect Doms in both directions within our instruments.
Another very high volatility day with an eye watering maximum potential of 2,135 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 213 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 | Mar 17, 2020 | Daily Results
Stocks have recovered slightly today as day traders pick up some bargains and larger traders liquidate short positions. The Germans were up to their usual tricks, well knowing the data outcome before the release.
Again today, all our currency Dom trades in both the long and short direction were excellent. The only exception was the notorious long Dom German Dax on large deviation negative data.
The Coronavirus is still dominating the news and the world continues to shut down. Utter madness.
We had high volatility in all instruments again with an impressive maximum potential of 1,610 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 161 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.
Something very interesting was brought to light today. The Coronavirus was manufactured in China, yet their stock market has by far suffered the least. Here are some weekly chart comparisons:
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by Ian McArthur | Mar 17, 2020 | Daily Results
The carnage and hysteria continues with the Dow and FTSE shedding value at unprecedented rates. The 9/11 terrorist attack in the US saw an approx 2,100 point drop in the Dow and 1,100 in the FTSE. The crash of 2008 saw 7,700 off the Dow and 2,900 off the FTSE. Since mid January when the (preceived!) severity of the Coronavirus first surfaced, the Dow has plummeted 9,400 points and the FTSE 2,800. Even in just the last 24 hours, things seem to be accelerating with the Dow shedding another 3,000 points and the FTSE 860 with a slight recovery in both later in the session.
Yet again and despite all this, Dom trades in both long and short directions were absolutely spot on.
Again we had high volatility in all instruments with a huge maximum potential of 2,290 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 229 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 | Mar 16, 2020 | Weekly Roundup
The carnage, hysteria and meltdown continue. Stocks in freefall yet again with additional hundreds of billions being wiped off the value of shares and people losing their jobs and livelihoods. Yet I look out my window and all looks quite normal. No mass destruction or bombs going off, no zombies walking the streets, shops fully stocked where I am. Just when will all this madness end?
Ironically, Friday saw another decent day in both our Long and Short Dom directions in all instruments, with early Jath trades being spot on. Aggressive profit taking saw some manic movements leading up to the US open though.
Again we had high volatility with a maximum potential of 1,520 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 152 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.
FTSE 100 Now Under 5,000
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