by Ian McArthur | Jun 9, 2021 | Daily Results
ICS Balances were slightly better today but a warning was posted in VIP of our Dom short GBP/USD being borderline. This was due to 2 ‘Strong Ish’ currencies battling it out, with the strengthening UK pound eventually taking the centre stage. Even here there were still points available but it was evident that the intraday trend was long, in conjunction with our other GBP pairs. It’s worth noting the UK pound ‘fell off a cliff’ not long into the UK afternoon session on Coronavirus fundamentals (the possible delay of Freedom Day – June 21st). This however did not affect our morning trades at our usual times.
Mixed German data put the Dom long EUR/AUD on a bit of a roller-coaster ride and the mainly negative news bolstered the Dom short Dax with some excellent points available. Currency volumes and volatility are still extremely low, restricting overall point gains.
Wednesday saw a slight improvement, with a maximum potential of 495 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.
JUST A TEN PERCENT target of this figure would have yielded 49 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.
by Ian McArthur | Jun 8, 2021 | Daily Results
ICS Balances were conflicting in all but the EUR/AUD and even here they were far from ideal. The UK pound has continued to weaken from yesterday as ‘Freedom Day’ (June 21st) is looking more and more doubtful. This is making momentum very scarce and combined with exceptionally low volumes and volatility, how we’re able to get any points is beyond me but still they come.
Mixed German economic data had the Dom long Dax all over the place but still some decent points available.
Tuesday saw a reduced maximum potential of 435 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.
JUST A TEN PERCENT target of this figure would have yielded 43 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.
by Ian McArthur | Jun 7, 2021 | Daily Results
The UK pound started the day on a weak note but our GBP pairs were both Dom long and short today, courtesy of their pairings. Despite positive UK data, the Doms ruled with decent points in both directions.
Again we had a poor ICS Balance in the Dom short EUR/AUD but this was helped along nicely with negative German data that further weakened the euro.
This negative German data initially affected the Dom long Dax but after the initial drop, the index shot back up with some very decent points indeed.
Monday saw an improved maximum potential of 610 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.
JUST A TEN PERCENT target of this figure would have yielded 61 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.
by Ian McArthur | Jun 3, 2021 | Daily Results
There was a bit more momentum within our Dom long GBP pairs, as ICS Balances started to become more favourable with a stronger UK pound. The Dom long EUR/AUD struggled with momentum as two ‘flat minus’ currencies battled it out for dominance. Here again the Doms ruled with some decent points on very low volumes again.
The surprise of the day was the Dom long Dax, which even with expected German data, fell briskly away not long after the UK open. This was an unusual movement which was put down to Covid fundamentals and aggressive profit taking, with the price fully recovering by mid afternoon BST.
Thursday saw a reasonable maximum potential of 445 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.
JUST A TEN PERCENT target of this figure would have yielded 44 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.
by Ian McArthur | Jun 2, 2021 | Daily Results
Coronavirus fundamentals continue to seesaw the UK pound regarding the lifting of restrictions on 21st June – will it go ahead or will it be delayed and we’re no closer to finding firm answers. Holiday destinations are also under the microscope with green, amber and red zones still being debated.
Despite all this, our technical Doms did a fair job today with decent points at our usual times. Obviously, ICS Balances were far from ideal.
Wednesday saw an improved maximum potential of 575 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.
JUST A TEN PERCENT target of this figure would have yielded 57 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.
by Ian McArthur | Jun 1, 2021 | Daily Results
Continued low volumes and poor ICS balances are still plighting our trades. No matter what, trends are difficult to predict and when we eventually do get a trend, momentum is not the best. The UK pound was under further pressure on Covid fundamentals, more specifically the possible delay of June 21st restrictions lift. However we still managed some decent early points at our usual times.
The ‘rogue’ of the day was most definitely the Dom short Dax. The price started heading north way before positive German data was announced. More ‘data breaches’ which are very common with this instrument!
Tuesday saw a reduced maximum potential of 320 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.
JUST A TEN PERCENT target of this figure would have yielded 32 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.
