by Ian McArthur | Sep 11, 2020 | Weekly Roundup
WELCOME TO OUR WEEKLY ROUNDUP AND FRIDAYS DOM PROOFS
Brexit and coronavirus still dominate the headlines with some very controversial decisions made by the UK government regarding further lockdown measures. This, along with a few high volatility data releases is stirring the pot a little but volumes, especially within our currency pairs remains low. Hopefully we’ll see a gradual increase in volumes and volatility by the end of next week.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 3,780 points from from specific Max Day Trading time/price level entries from the UK morning sessions. A 10% target would have yielded a minimum of 378 points for the week.
FRIDAY
Early economic data played havoc with our 7am trades, with announcements covering all our instruments. GBP data was mixed but the all-important GDP was slightly negative. Early German data was as expected and there were also some high volatility rated EU speeches from 10.30am.
All in all, our Doms did well at our usual times with everything ending up net as predicted come the US open apart from our Dom long EUR/AUD on far from favourable ICS Balance. Still some good early trades though.
Friday saw a very decent maximum potential of 890 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 89 net points from specific Max Day Trading time/price level 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 | Sep 10, 2020 | Daily Results
There were some glaringly obvious choices today within our currency pairs regarding the all-important ICS Balances. We had full divergence within the GBP/JPY & GBP/USD with some very easy trade entries and points. Our conflicting pairs were the GBP/AUD and EUR/AUD, both pairs having strong currencies battling it out.
Another eye opener was the Dom strength of the GBP Index, which for the first time this week was strong from the UK open (Dom Cat 3 Long) and this lasted right up to the US open with good trades and points to be had. This made us aware that the Dom short GBP/AUD, which already had a bad ICS Balance, was going to struggle in the short direction but we still had a few early trades before the rot set in. Come the US open, the GBP took a big hit and followed the weakness we’ve seen since Monday, mainly due to Brexit fundamentals.
As mentioned, the Dom short EUR/AUD we knew would struggle but again, a few points were available.
The Dom long German Dax ended up relatively flat come the US open but we still had our usual manic trades.
Thursday saw another decent maximum potential of 645 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 64 net points from specific Max Day Trading time/price level 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.
by Ian McArthur | Sep 9, 2020 | Daily Results
Fundamentals had all our GBP pairs pushing Major Support this morning and again, overall point gains were a little restricted. There were still some healthy points available but major levels can be somewhat sticky to get past.
The euro Index started the day ‘Flat Minus’ and this weakness continued to the US open. This didn’t bode well with our Dom long EUR/AUD but early trades were again unaffected.
The weakening euro also boosted stocks later in the morning and again this was against our Dom short German Dax but not before some very good short trades in the earlier hours.
Wednesday saw another decent maximum potential of 630 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 63 net points from specific Max Day Trading time/price level 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.
by Ian McArthur | Sep 8, 2020 | Daily Results
Brexit fundamentals and the increasing threat of a ‘no deal’ trade scenario is heaping pressure on the pound, as our left wing market movers dump the currency like there’s no tomorrow. This makes our short Doms even more predictable and we saw some very decent points in all our GBP pairs.
The Dom short EUR/AUD started to gain strength a good hour before the all-important Euro Block GDP, which low-and-behold was positive. Our early trades were unaffected by this and we saw some good points at our usual times.
The strengthening euro put the German Dax under pressure later in the morning but again, our early trades were unaffected with some very healthy points available.
Tuesday saw another decent maximum potential of 790 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 79 net points from specific Max Day Trading time/price level 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.
by Ian McArthur | Sep 7, 2020 | Daily Results
Low volumes and lack of data is keeping a lid on point gains within our currency pairs but at least our Doms are behaving very well, as usual. The GBP index remains under pressure as Brexit negotiations edge closer to a ‘no deal,’ which reflected in all our GBP pairs being Dom short, with good trades available in all.
The Dom short EUR/AUD did well on negative German data but strangely the demise of the euro, being usually good for the Dax, still had the Dax rising. The only information I could find was an article on German industrial firms expecting output to rise in the coming months. Regardless there were some excellent, though manic points at our usual times.
Monday saw a decent maximum potential of 825 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 82 net points from specific Max Day Trading time/price level 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.
