Forex & Markets Update Monday 22.06.20

Forex & Markets Update Monday 22.06.20

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ICS Balances were terrible at the start of the UK open, probably due to the lack of economic data and some large weekend gaps that had prices consolidating. This immediately informed us that trades were not going to be easy for the morning session. Still, our early trades did very well at our specific times and levels.
Today we managed a fairly decent maximum potential of 695 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 69 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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Forex & Markets Update Friday 19.06.20

Forex & Markets Update Friday 19.06.20

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Positive high volatility UK data at 7am would have had anyone wary of trading any GBP short on Friday, however our short Doms quickly overpowered positive retail sales and the price in all pairs plummeted for the rest of the day, giving some excellent points along the way.
The EUR/AUD was Dom Short with the weak Euro nicely benefiting our Dom Long German Dax.
Overall and despite the news, our Doms performed very well on Friday and we saw a respectable maximum potential of 700 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 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.

 

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Forex & Markets Update Thursday 18-06-20

Forex & Markets Update Thursday 18-06-20

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High volatility UK data at 12pm put the block on our Dom Long GBP/AUD, as pre-news selloffs were expected from the UK open. However we still saw some good early points before the liquidations got underway. Of course the timing of the UK data played well for our Dom Short GBP/JPY and GBP/USD pairs with excellent points available.
The Dom Short EUR/AUD gave some very good points despite a relatively poor ICS Balance.
The Dax was very off today with virtually flat, though slightly short overall Doms at the open with the usual good but manic points available. The 6am trades however are becoming very interesting with some really consistent ‘non manic’ results.
Today we still managed a decent maximum potential of 970 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 97 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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Forex & Markets Update 17.06.20

Forex & Markets Update 17.06.20

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Our GBP pairs were immediately ‘spannered’ with high volatility UK data at 7am again. The results were a mix bag and difficult to interpret so trading these wouldn’t have been easy. There were still some early trades available once the news was absorbed with some decent points to be had.
The EUR/AUD suffered from another spike in strength of the AUD which we’ve seen on several occasions. Price action from yesterdays US session may have been the cause. Again, there were still some earlier trades and decent points available.
The Dom Long German Dax gave some excellent, though manic points as usual.
Today we still managed a very decent maximum potential of 965 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 96 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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Forex & Markets Update Tuesday 16.06.20

Forex & Markets Update Tuesday 16.06.20

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Even although it’s the case that ‘the Doms always rule’ 2 currency pairs could be immediately dismissed through conflicting ICS Balances. These being the GBP/AUD and EUR/AUD. Points were still available but without divergence there was no momentum in our Dom directions.
This only left our GBP pairs of which we had an immediate spanner in the works with high volatility news at 7am. This new time is extremely annoying and costing us points! However there were some 6am trades available and also some later trades when the news ‘point value’ was exhausted.
This left the German Dax of which we saw a pre-news selloff on Long Doms, positive data at 10am and a continuation of the long Doms up to the US open and way beyond.
Despite our many troubles today, we still managed a decent maximum potential of 765 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 76 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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