by Ian McArthur | Apr 27, 2021 | Daily Results
The pound Index started the day with little strength so trends were mainly reliant on the strength or weakness of its partner, and here our ICS Balances were far from ideal. Our GBP pairs were again trending in the long and short directions and thankfully we had decent points at our usual times.
With the AUD Index losing strength throughout the morning, this did little to help the Dom short EUR/AUD but fortunately we knew this before the UK morning session got underway.
There was a conflict between the German Dax, US30 and JPN225, with the former trending long and the latter two trending short. Again, good trades were available at our usual times.
Tuesday saw another reasonable maximum potential of 410 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 41 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 | Apr 26, 2021 | Daily Results
Our GBP pairs were trending both Dom long and short at the UK open, which always feels a bit odd. However looking at the ICS Balance and the end result, the analysis couldn’t have been any better. Good trades were available in both directions at our usual times.
The ‘dark horse’ was again the Dom long EUR/AUD with 2 strong currencies battling it out. Even with a net short come the US open, trades were still available at our exact times, which was reflected also in the Dom long German Dax. Volumes in all instruments remain very low for this time of year.
Monday saw a reasonable maximum potential of 480 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 48 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 | Apr 24, 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
Early UK economic data made technical trading at 7am almost redundant in our GBP pairs. However the positive news did little to lift the strength of the pound and later trades were still fairly decent.
The best ICS Balance, for a change, was the EUR/AUD and this gave more relaxed points with easy entries and exits.
There was an early warning on the Dax 6am analysis, which was trending almost flat though slightly short. Positive German data at 8.30am should have seen the trend reverse but this stayed the same with some good, though manic trades.
Friday saw another decent maximum potential of 570 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 57 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 TOTALS.2,975 genuine potential points Monday to Friday. A 10% target would have yielded 297 points.
by Ian McArthur | Apr 22, 2021 | Daily Results
The UK pound continued its demise today, with the best ICS Balance being the Dom short GBP/AUD and some excellent points available. Balances in other pairs weren’t so good but we still had some decent points at our usual trading times, considering our GBP pairs were again trending in both long and short directions. Volumes in all currency pairs remain very low.
The strengthening EUR Index made trading a little difficult in the Dom short EUR/AUD but along with the Dom long German Dax, decent points were still available.
Thursday saw another decent maximum potential of 495 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 49 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 | Apr 21, 2021 | Daily Results
Our GBP pairs were trending in both the Dom long and short direction, with an official index of weak. Mixed but mainly positive UK data at 7am gave a brief lift but the pound couldn’t really make its mind up. There were still some decent trades in both directions at our usual times.
Again there was a terrible ICS Balance within the Dom long EUR/AUD, with two weak currencies battling it out. There were still some good trades available but as expected, the price ended up net short come the US open.
The Dom short German Dax traded fairly flat but with some decent short trades at our usual times.
Wednesday saw another decent 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.
