by Ian McArthur | Apr 20, 2021 | Daily Results
The GBP Index was at the bottom of the H4 chart at the end of last week, so any rebound we saw yesterday may have just been temporary and this has reflected in its steady demise. Mixed but mainly positive UK economic data at 7am today did nothing to stop the decline. However there were still some good trades in our all our Dom long GBP pairs at our usual times.
The Dom long EUR/AUD took a while to move on a poor ICS Balance but did eventually with some very decent points. The ‘strong ish’ EUR Index helped the Dom short Dax, of which positive German data had literally no effect with some excellent short trades.
Tuesday saw another decent maximum potential of 700 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 70 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 19, 2021 | News
Even with some definitively strong and weak individual currencies, ICS Balances were good in some and bad in others. One of the cleanest was the Dom Long GBP/USD (Strong -v- Weak Ish) with some decent points on low volumes. The Dom long GBP/AUD started the morning decent but a strange strengthening in the AUD index caused the price to drop by mid morning, with a recovery up to the NY Open.
The Dom long EUR/AUD remained manic with conflicting ICS Balances and the Dom long German Dax suffered a little with the strengthening Euro. Decent points were still had in all.
Monday saw another decent maximum potential of 650 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 65 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 15, 2021 | Daily Results
The strengthening AUD Index, along with the weakening GBP & EUR Indexes gave decent ICS Balances in our Dom short GBP/AUD & EUR/AUD pairs with excellent points available. On the flip side, the USD and JPY Indexes gave conflict in the GBP/JPY & GBP/USD pairs but still we managed some decent points at our usual times.
The odd one out was the Dom short German Dax, again in conflict with the US Dow and also the UK, FTSE100 and JPN225 which were all trading long.
Thursday saw another decent maximum potential of 550 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 55 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 14, 2021 | Daily Results
Individual currency strength indexes themselves continue to meander with no forceful direction, as low volumes continue to grip the markets. Balances were therefore far from ideal but we still managed some half decent points in all our instruments at the usual times. The strong AUD boded well for our Dom short GBP/AUD & EUR/AUD while the weak USD was in ICS Balance conflict with the GBP, giving no momentum in the GBP/USD pair.
The German Dax started the morning Dom long but Covid fundamentals put a stop to the index finishing net long come the US open.
Wednesday saw another decent maximum potential of 475 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 47 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 13, 2021 | Daily Results
Early UK & German economic data did little to nothing for volumes and volatility, which remain extremely low. We usually see 15 to 25 points between the 15 minute grid square on the German Dax but today we had just 6.5 points. This reflected in greatly reduced points for the amount of time spent in the market. The GBP/AUD would command similar points but this was down to 8, along with the higher spreads that we pay for these normally higher volatility pairs. The low volatility is also playing havoc with our ICS Balances which were far from ideal today.
Despite all this, we still managed some decent points at our usual times in all our instruments.
Tuesday saw a decent (under the circumstances) maximum potential of 445 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 44 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.
