by Ian McArthur | Jul 20, 2020 | Daily Results
Fundamentals, poor ICS Balances and low volumes are playing havoc with our currency pairs at the moment. Non official data relating to coronavirus economic recovery and a possible vaccine greatly lifted the initial ‘weak plus’ GBP strength index, putting a spanner in the works of our Dom Short GBP/JPY & GBP/AUD. Regardless there were still one or two early trades each before the rot set in. Our Dom Long GBP/USD did very well from this and we saw some very good points, even on very low volumes.
Again, the Dom Long EUR/AUD behaved very well but we are suffering from an overbought euro and profit taking was evident in the run up to the US open.
The Dom Long German Dax was its usual outlandish self with some huge trends and counter trends from the announcement of ‘negative plus’ German data at 7am.
Despite all this, we saw another decent maximum potential of 575 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 57 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.
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by Ian McArthur | Jul 18, 2020 | Daily Results
Our Dom Long GBP pairs were put under immediate pressure from the UK open with the BoE Governor speaking at 11am (high volatility rating). The ‘flat plus’ GBP index quickly ran out of steam but we still had some good trades at our usual times with decent points available. However low volumes are very much limiting net gains with spreads that aren’t appearing to be dropping pro-rata.
The EUR/AUD behaved well and the German Dax gave very good points in its usual manic fashion.
Friday saw another decent maximum potential of 450 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 45 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 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 | Jul 16, 2020 | Daily Results
Yet again we had med and high volatility UK news out at 7am this morning, putting a spanner in the works of our Dom Short GBP pairs with positive employment data. However again, the Doms overpowered the news to continue the short trends to the US open.
The only pair to end up net long come the US open was the GBP/AUD, mainly on a weakening AUD than anything else. All GBP pairs gave good points but again, low volumes and volatility are really keeping a lid on overall gains.
The EUR/AUD behaved very well and the German Dax played its usual manic tricks but yielded some excellent points.
We managed a decent maximum potential of 470 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 47 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 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 | Jul 14, 2020 | Daily Results
Today we saw a bit more trend momentum and direction within our Dom Short GBP pairs and this was despite positive UK data at 7am.
The Doms quickly overpowered the news and even our 7am trades went short at their usual times, apart from the GBP/JPY and GBP/USD of which we understandably had to wait for the 7.15am bar before the drop with some good trades in all.
The EUR/AUD remained long and the Dax ended up fairly flat on negative German data.
We managed a decent maximum potential of 610 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 61 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 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 | Jul 12, 2020 | Daily Results
Lack of economic data and conflicting ICS Balances saw prices ‘meandering’ again with very little momentum on Friday. All early trades did very well but lower volatility saw reduced point gains.
Today we managed a fairly decent maximum potential of 595 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 59 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 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.
