by Ian McArthur | Apr 12, 2021 | Daily Results
We had to be wary of any Dom short GBP pairs (GBP/USD), even although our GBP Index started the day as ‘weak ish.’ This was due to an oversold UK pound at the bottom of the H4 chart. As expected the pound strengthened during the morning, giving a boost to our Dom long GBP/JPY & GBP/AUD pairs with some excellent points available. This was despite low volumes that we are still experiencing.
A strengthening AUD Index gave the Dom long EUR/AUD a poor ICS Balance and limited points, while the Dom long German Dax did well at our usual trading times.
The start of the trading week saw a reasonable maximum potential of 575 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.
by Ian McArthur | Apr 9, 2021 | Weekly Roundup
The weak UK pound made a little headway after positive economic data mid morning. However ICS Balances remained poor, as did volumes and volatility which remain extremely low for the time of year. Thankfully our usual Dom time/trend entries did well under the circumstances.
One of the biggest problems with low volatility (along with lack of points) is deceiving price movements on our charts. Patterns, breakouts and counters look exaggerated but with little points between extremities, overall trends and momentum are very weak.
Friday saw another reasonable 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.
WEEKLY TOTAL: 2,265 points over 4 days. Just a 10% target would yield 226 points.
by Ian McArthur | Apr 8, 2021 | Daily Results
The UK pound continues to struggle to gain any decent strength. Even very early positive Housing data failed to filter through come the UK open and into the US open too. ICS Balances weren’t perfect but they still allowed some excellent Dom short trades in all our GBP pairs.
The Dom long EUR/AUD struggled with an ever strengthening AUD, as did the Dom long Dax on expected German economic data. Dax volatility was very low today in comparison to the last few days, with drastically reduced points available
Thursday saw another reasonable 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 7, 2021 | News
The UK pound was looking to recover from the big falls yesterday, along with the price being at the bottom of the H4 chart and technically oversold. However negative UK economic data put an abrupt end to that and the pound plummeted again. Regardless of fundamental sentiment, beware that profit taking could counter trend the price from this level.
The AUD Index took an unusual dive after the UK open, which benefited the Dom long EUR/AUD but was a spanner in the works for our Dom short GBP/AUD.
The Dom short Dax initially struggled on positive German economic data but the Doms took over in the latter half of the session with a net short come the US open.
Wednesday saw another reasonable maximum potential of 575 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.
by Ian McArthur | Apr 1, 2021 | Weekly Roundup
Along with poor ICS Balances today, there were economic data announcements for the UK, Germany and the EU Block. Regardless, our Dom trends worked very well with good points at our usual times. The markets still appear to be in a state of ‘limbo’ with very low volumes for this time of year.
Thursday saw another reasonable maximum potential of 535 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.
A MERE TEN PERCENT target of this figure would have yielded 53 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.
This weekly total is over 4 days due to the Easter holidays.
