by Ian McArthur | Jan 11, 2021 | Daily Results
The general strength of the pound started off weak-ish today and the decline continued until the end of the UK morning/US open session. Focus therefore would have been on our Dom short GBP pairs, with caution towards the Dom long pair. The best ICS Balance by far was the GBP/USD and this is where our best points came from.
There was an ICS Balance conflict within the Dom long EUR/AUD and this was evident in the lack of momentum and eventual points. The Dom short German Dax had a little more momentum and some very good, though manic points available.
Monday saw a decent maximum potential of 600 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 60 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 | Jan 10, 2021 | Weekly Roundup
WELCOME TO OUR WEEKLY ROUNDUP, FRIDAYS DOM PROOFS & DECMBER TOTALS.
WEEKLY POINTS TOTAL: Including Friday, there was an overall reasonable maximum potential of 3,415 points from from specific Max Day Trading time/price level entries from the UK morning sessions. A TEN PERCENT of this target would have yielded a minimum of 341 points for the week.
NOVEMBER MONTHLY TOTAL: 15,515 Points. A 10% target would yielded 1,551 points for the month.
FRIDAY
We started the day with a ‘strong ish’ UK pound and the majority of our GBP pairs Dom long. The Dom short GBP/USD was always going to struggle but we were fully aware of this before trading. However good points were still available in all pairs.
The Dom short EUR/AUD did well despite an ICS Balance conflict, as did the Dom long German Dax on mixed data.
Friday saw a decent maximum potential of 485 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 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 | Jan 7, 2021 | Daily Results
ICS Balances were far from ideal today so decent momentum was not expected. Again our GBP pairs were trending in opposite Dom trend directions on an official weak ish UK pound, with reasonable trades at our usual times.
A similar ICS Balance conflict was evident in the Dom short EUR/AUD but again, earlier trades at our usual times were decent.
The Dom long German Dax was hindered by pushing Major Resistance (H4 Chart) but despite this, points were quite plentiful.
Thursday saw a 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.
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 | Jan 6, 2021 | Daily Results
Our GBP pairs did well today in both Dom trend directions. Expectedly, the Dom long GBP/JPY & GBP/USD suffered from pre-news selloffs, which disrupted the trend momentum before UK data at 9.30am.
There was also EU block & EU German data which came in mixed but kept the EUR/AUD Dom short. The German Dax was questionable as to the intraday trend, bordering Dom Cat 3 as slightly short and in conflict with the US30 & UK FTSE and hence a warning on the Silver & VIP channels.
Wednesday saw a decent maximum potential of 590 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 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 | Jan 5, 2021 | Daily Results
Volumes still remain low after the Christmas holidays, making you wonder if our market movers are not back at their offices or possibly trading from home. I sincerely doubt the latter so momentum may be low for the foreseeable future. Despite this, our Doms behaved well in all our instruments with good points available at our usual times.
Tuesday saw a respectable maximum potential of 890 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 89 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.
