by Ian McArthur | Nov 10, 2021 | Daily Results
Another day of consolidation with low volumes and volatility. Thankfully we knew the best currency pair to trade before the UK open had even started, this being the GBP/USD on a half decent ICS Balance. All other pairs gave good but manic points with little momentum anywhere.
The Dom short Dax rose on expected German data (which is often the case) but after a while, the Doms took back over and gave some decent points at our usual times.
Wednesday saw an increased maximum potential of 560 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
JUST A TWENTY PERCENT target of this figure would have yielded 112 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Nov 9, 2021 | Daily Results
Volumes and volatility remain very low, as they have done for the majority of this year. Our currency pairs still did well under the circumstances, with decent points at our usual times.
The only casualty we had was the Dom short Dax. Two sets of mainly positive German economic data saw the price rise steadily up to the end of the UIK morning/US Open session.
Tuesday saw a reduced maximum potential of 400 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
JUST A TWENTY PERCENT target of this figure would have yielded 80 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Nov 8, 2021 | Daily Results
Low volumes, volatility and lack of momentum are seeing the markets in a consolidation mode with restricted points available. Fortunately our Dom technical conclusions are still identifying intraday trends, no matter how weak they are. There was also a lack of economic data to stir the pot, further compounding to the general lack of movement. Regardless, decent points were still available at our usual times.
Monday saw a reasonable maximum potential of 540 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
JUST A TWENTY PERCENT target of this figure would have yielded 108 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Nov 4, 2021 | Daily Results
UK Interest Rate data at 12pm had the GBP index on a slippery slide from the 7am UK open, putting a spanner in our Dom long pairs. One of our worst pairs was the GBP/JPY which was compounded with a strengthening JPY Index. Overall there were still some decent points right up to the 12pm announcement which saw the UK pound plummet at the top of the hour.
The Dom short EUR/AUD did well on a conflicting ICS Balance and the Dax had a bit of a rollercoaster ride on mixed German economic data.
Thursday saw a reasonable maximum potential of 470 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
JUST A TWENTY PERCENT target of this figure would have yielded 94 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Nov 3, 2021 | Daily Results
Volumes continue to be very much on the low side, with ICS Balances being far from ideal. These restricted trend momentum and overall points available. Despite this, decent points were still available at our usual times.
Wednesday saw a reduced maximum potential of 420 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
JUST A TWENTY PERCENT target of this figure would have yielded 84 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
