by Ian McArthur | Aug 27, 2020 | Daily Results
Ordinarily it wouldn’t be easy trading the pound both long and short, however not with Max Day Trading. ALL GBP pairs traded very well in opposite directions and if is wasn’t for a sudden weakening of the GBP index in the last hour of the UK morning session, all indicated trends would have finished net in direction from the 6am time.
The EUR/AUD was Dom short with some very decent points available. The Dom long German Dax however ended slightly net short at the US open but not before some good early points at our usual trading times. Again the Dax is pushing H4 major resistance which is causing more sell-offs than usual. This and a lack of decent economic data (excluding the US) and low volumes are still causing consolidations and limiting overall point gains.
Today we managed another decent maximum potential of 550 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 55 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 6am postings 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 | Aug 26, 2020 | Daily Results
The markets continue to consolidate with very little trend and momentum in either direction. However our Dom trend predictions remain accurate, despite poor ICS Balances and again, low volumes are limiting overall points gains.
The only hiccup we had was with the German Dax, which started the day Dom short but a news item mid morning regarding GDP recovery lifted stock prices and the index ended slightly higher than the 6am level but still with some good early short trades.
Today we managed another reasonable maximum potential of 565 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 56 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 6am postings 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 | Aug 25, 2020 | Daily Results
Lack of volumes and data is currently making the pound fairly non directional, having started the day as weak-ish and gaining strength once the UK opened. This, against a weak JPY saw about the best diversions between the currencies and the most relentless in the long trend. Other ICS Balances were not very good and this resulted in deep Domino channels but still with some decent points at our usual times.
As for the EUR/AUD, both currencies were weak on our Dom 3 long, with both currencies gaining strength throughout the morning. The AUD spiked up late on and hence the rapid fall in price leading to the US open.
The Dom long Dax held well with two lots of mainly positive data at 7am & 9am. However a 4 hour Major Resistance kept a lid on overall points.
Today we managed a reasonable maximum potential of 635 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 6am postings 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 | Aug 24, 2020 | Daily Results
A fairly straightforward Monday with our Doms having to contend with some large movements from Friday. Individual Currency Indexes were neither strong nor weak apart from the GBP (weak), with no real deviations in any pairs. Despite this, there were still some good early trades at our specific times.
The controversy of today was the German Dax. This experienced a large fall on Friday, mainly due to Brexit talks. In my opinion, this distorted our Dom Cat 3, tilting it slightly down. This was registering as a Dom Cat 2 long at the UK open, which on the vast majority of occasions, would flip back to being short. However with the distortion and all other stock indexes trending long, I felt the Dom Cat 2 would extend to a 3 and this is why I gave this classification.
Today we managed a decent maximum potential of 700 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 70 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 6am postings 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 | Aug 22, 2020 | Weekly Roundup
WELCOME TO OUR WEEKLY ROUNDUP & FRIDAYS DOM PROOF RESULTS.
Corovavirus has dominated the news these past weeks and if this wasn’t enough to contend with, Brexit is now getting thrown into the mix with less than six months to go before a deal can be agreed. Other than that we had a fairly quiet week with no big surprises on the economic data side of things. Currency volumes still remain low during the holidays and we’ll not see any decent increases until mid September.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 2,250 points from specific Max Day Trading time/price level entries from the UK morning sessions. A 10% target would have yielded a minimum of 225 points for the week.
Friday saw the pound under continued pressure as the overbought level had reached the top of the daily chart and not just the 4 hourly. However the big news of the day was Brexit has raised its ugly head again, with several early items on the breakdown of talks leading to a trade agreement. We are well aware that our left wing London market movers don’t like the idea of a ‘no deal’ Brexit and any swing towards this will see them dumping the pound big time. Not even several items of medium and high volatility rated positive UK data could stop the price dropping off a cliff. Of course this put a spanner in all our GBP pairs which were Dom long but NOT before some very decent early trades at our usual times.
This news, along with negative EU Block data saw the euro weakening nicely against the AUD with some very good points available. The German Dax also did very well with good points on mixed data but not without the usual manic swings.
We managed a decent maximum potential of 600 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 60 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 6am postings 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.
