by Ian McArthur | Feb 23, 2021 | Daily Results
Our GBP pairs were trending both Dom long and short today, so it came as no surprise that our Dom short pairs suffered from positive UK economic data at 7am. However there was some good pre-news selloffs in our Dom short pairs at our 6am trade time.
The Dom short EUR/AUD suffered from a poor ICS Balance, with 2 strong currencies battling it out offering limited points.
The big eye opener today was the Dom long German Dax. Apart from some decent early trades, the index literally fell off a cliff for no apparent technical or fundamental reason. The only explanation I can give was an article by a major broker that stated for the first time since the beginning of January, their clients were net long on positions. I think some big market movers were looking to take out their stops!!
Tuesday saw a reduced maximum potential of 315 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 TEN PERCENT target of this figure would have yielded 31 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 | Feb 22, 2021 | Daily Results
There was little improvement in our ICS Balances to start the week, so more emphasis had to be made with our Dom technical analysis conclusions. As usual they didn’t disappoint. Entries weren’t the usual ‘pin point’ but they were still identifiable at our usual times. Volumes still remain low for this time of year.
The only one we had to watch was the Dom long Dax, which initially suffered from early negative Covid data. This nicely turned around after positive German data at 9am with some excellent points available.
Monday saw an improved 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.
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 | Feb 19, 2021 | Weekly Roundup
WELCOME TO OUR WEEKLY ROUNDUP AND FRIDAYS DOM PROOFS
US presidential elections continue to drag on with continued controversy over voting fraud and counting irregularities. Bidens chance of continuing as president of the United States are diminishing, as Trump discloses even more and more evidence.
Again, Coronavirus, the UK aconomy and even Brexit aftermath are causing temporary swings upon news announcements.
WEEKLY POINTS TOTAL: Including Friday, there was a decent maximum potential of 2,300 points from from specific Max Day Trading time/price level entries from the UK morning sessions. A TEN PERCENT target would have yielded a minimum of 231 points for the week.
FRIDAY
There was only one decent ICS Balance today, the GBP/USD with the GBP/JPY a half decent second. All the rest of our currencies were terrible, with equally strong individual currencies battling it out and negative UK economic data helping with counter-trends. Again we were fully aware of this come 7am and gave us our best choices where good points were available.
The German Dax had one of the most roller-coaster of rides today, with low volumes amplifying movements on our charts with reduced overall points.
Friday saw a reduced maximum potential of 465 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 TEN PERCENT target of this figure would have yielded 46 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 | Feb 18, 2021 | Daily Results
Early articles stating the largest drop in Coronavirus cases with a drastic reduction since January spiked the UK Pound against our Dom short GBP pairs. There were one or two early trades but it was clear that the intraday sentiment and trend had definitely flipped from short to long. ICS Balances were irrelevant in these cases.
There were steady points from the Dom short EUR/AUD and the usual manic points from the Dom short German Dax.
Thursday saw a reduced maximum potential of 465 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 TEN PERCENT target of this figure would have yielded 46 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 | Feb 17, 2021 | Daily Results
Early UK economic data, far from ideal ICS balances within our currency pairs and GBP pairs trending in both directions gave us a roller-coaster ride today. Yet again, our Doms (in both directions) shone through with decent trades at our usual times. Volumes remain low.
Early and positive German Covid data gave an initial boost against our Dom short Dax but it wasn’t long before the Doms took over with some good short trades at our usual times.
Wednesday saw a decent 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 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.
