by Ian McArthur | Dec 15, 2020 | Daily Results
The pound took another roller-coaster ride today as EU trade negotiations continue with both positive and negative tones. The euphoria from yesterday didn’t last long, with the GBP index starting the day as flat minus. Even positive UK data at 7am did little to lift the pound until more positive tones filtered through from the trade talks by mid morning.
There was a better ICS Balance within the Dom long EUR/AUD but momentum was still fairly poor. Even the Dom long German Dax didn’t yield the big points as it usually does, confirming that the markets are still in consolidation mode until something solid happens regarding a deal or no deal. Either way will see a big jump in volatility.
Tuesday saw a decent maximum potential of 730 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 73 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.
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by Ian McArthur | Dec 14, 2020 | Daily Results
Fundamentals dominated our GBP pairs again today but this was in contrast to the weak pound of last week. This was owing to an increasing risk of a no deal in trade negotiations with the EU leading up to Sundays deadline (yesterday). However during Sundays negotiations it was decided to extend (again) the deadline to try and avoid a no deal scenario. This resulted in a large spike, which gapped our charts North at the official open on Sunday night (GMT) and continued throughout the UK morning session, helping our technical long Doms.
The Dom short EUR/AUD again had a very poor ICS balance and this showed in the manic movements that occurred. There was also a conflict with the German Dax, which technically was still Dom short from Friday. EU trade talks lifted the price as expected and more in line with the Dom long US DOW30.
Monday saw a decent maximum potential of 685 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 68 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.
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by Ian McArthur | Dec 14, 2020 | 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. The uncertanty over who will eventually become president is still very predominant.
Again, Brexit and Coronavirus had their moments, causing temporary swings upon news announcements. The threat of a no deal saw the pound weaken in the latter part of the week.
WEEKLY POINTS TOTAL: Including Friday, there was a decent maximum potential of 3,935 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 393 points for the week.
FRIDAY
Brexit fundamentals again benefited our Dom short GBP pairs, as trade talks drag into the weekend without agreements. This gave us some excellent points at our usual times on increased volumes.
The odd one out again was the Dom short EUR/AUD which had yet another ICS Balance conflict with 2 strong currencies battling it out. Still some decent early points to be had.
The negative EU trade negotiations also helped the Dom short German Dax with some excellent points available.
Friday saw another respectable maximum potential of 1,075 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 107 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.
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by Ian McArthur | Dec 10, 2020 | Daily Results
The ongoing EU trade negotiations and lack of compromise continues to weaken the pound, giving a boost to our Dom short GBP pairs and making us realise that the Dom long GBP/JPY wasn’t going to yield many points. However there were still a few early trades before fundamentals took a hold.
The Dom short EUR/AUD gave some great points but the weak euro didn’t help the Dom short German Dax, with reduced though decent points available.
Thursday saw another respectable maximum potential of 630 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 63 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.
For the original postings at 6am of the above instruments, join out free Telegram channel; Trade Forex With MaxDayTrading. Full details below.
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by Ian McArthur | Dec 9, 2020 | Daily Results
For the second day in a row, Brexit trade negotiations were on the optimistic side again, benefiting our Dom long GBP pairs. This would normally lift the euro too but we had an ICS conflict in the Dom short EUR/AUD with similar strength currencies dookin it out, with the Doms ruling as usual.
The Dax benefited not only from the weak euro but also positive news on the Covid vaccine.
Wednesday saw another respectable maximum potential of 715 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 71 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.
For the original postings at 6am of the above instruments, join out free Telegram channel; Trade Forex With MaxDayTrading. Full details below.
For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.
