by Ian McArthur | May 13, 2021 | Daily Results
The GBP is now beginning to lose steam now as market movers liquidate and take profits. This is making ICS Balances unfavourable and today we had our GBP pairs trending in the long and short direction. There were still good points available in our 3 GBP pairs at our usual times.
The Dom long EUR/AUD took most of its trend from a weak AUD rather than a strong EUR and again we had some good trades.
There was an initial warning in VIP of a ‘borderline’ German Dax which was also trending against the US DOW30. Come the 7am UK open, it was evident that the trend was short and combined analysis reflected this with some superb points available.
Thursday saw another decent maximum potential of 970 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 TEN PERCENT target of this figure would have yielded 97 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | May 12, 2021 | Daily Results
The GBP remains in an overbought state as UK economic data continues on its positive path. This gave an automatic exclusion of the Don short GBP/JPY but even here we had some decent trades at our usual times.
A poor ICS Balance kept momentum down in the Dom long EUR/AUD and we had a countertrend from the initially Dom short Dax on expected German data which was above last weeks previous figure.
Wednesday saw another decent maximum potential of 695 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 TEN PERCENT target of this figure would have yielded 69 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | May 11, 2021 | Daily Results
The GBP has been constantly pushing the H4 resistance level and is well overbought at the moment. This however is not affecting our Dom trend directions with good trades available in all our GBP pairs, albeit yielding restricted points with little room to manoeuvre.
The Dom long EUR/AUD had a poor ICS Balance but for a change yielded some decent points, as did the star of the Day – the Dom short Dax which totally ignored positive German data in the early hours.
Wednesday saw a very decent maximum potential of 780 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 TEN PERCENT target of this figure would have yielded 78 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | May 10, 2021 | Daily Results
The Max Day Trading technical analysis shone through superbly today, with all eyes on the Dom long GBP/JPY – GBP/USD and the Dom short EUR/AUD with an immediate dismissal of the GBP/AUD. This is a combination of the power of ‘The Domino Effect’ and the beauty of ‘The ICS Balance.’ When these are in harmony, intraday trends are relentless and trades are very easy. Even the Dom short GBP/AUD with a terrible ICS Balance gave some decent points at our usual times but much easier trades were available elsewhere.
The Dom long German Dax faltered today on very poor US NFP data on Friday but we still had some good points in the early hours.
Monday saw a decent maximum potential of 595 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 TEN PERCENT target of this figure would have yielded 59 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | May 8, 2021 | Weekly Roundup
WELCOME TO OUR WEEKLY ROUNDUP.
Coronavirus, EU relations (Brexit) and US voting fraud investigations continue to cause very low volumes and volatility, as the markets wait for clearer conclusions as to final outcomes. This still may take quite a bit of time.
FRIDAY
The end of the week saw volumes plummet again with very little momentum anywhere. Mixed German economic data and negative UK data had little effect on related instruments, with the pound actually gaining strength during the UK morning session.
Market hesitation could have possible been attributed to the up-and-coming US NFP, which ended up being some of the worst figures and deviations from expected that I’ve ever seen. Hardly surprising considering the current administration.
Despite all this, all our instruments still gave some decent points at our usual times, with the Dom long Dax stealing the show.
Friday saw another reasonable 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 TEN PERCENT target of this figure would have yielded 56 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
WEEKLY POINTS: 2,470 points over 4 days with the bank holiday. A 10% target would yield 247 net points.
