by Ian McArthur | Apr 13, 2021 | Daily Results
Early UK & German economic data did little to nothing for volumes and volatility, which remain extremely low. We usually see 15 to 25 points between the 15 minute grid square on the German Dax but today we had just 6.5 points. This reflected in greatly reduced points for the amount of time spent in the market. The GBP/AUD would command similar points but this was down to 8, along with the higher spreads that we pay for these normally higher volatility pairs. The low volatility is also playing havoc with our ICS Balances which were far from ideal today.
Despite all this, we still managed some decent points at our usual times in all our instruments.
Tuesday saw a decent (under the circumstances) 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 | Apr 12, 2021 | Daily Results
We had to be wary of any Dom short GBP pairs (GBP/USD), even although our GBP Index started the day as ‘weak ish.’ This was due to an oversold UK pound at the bottom of the H4 chart. As expected the pound strengthened during the morning, giving a boost to our Dom long GBP/JPY & GBP/AUD pairs with some excellent points available. This was despite low volumes that we are still experiencing.
A strengthening AUD Index gave the Dom long EUR/AUD a poor ICS Balance and limited points, while the Dom long German Dax did well at our usual trading times.
The start of the trading week saw a reasonable 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 | Apr 8, 2021 | Daily Results
The UK pound continues to struggle to gain any decent strength. Even very early positive Housing data failed to filter through come the UK open and into the US open too. ICS Balances weren’t perfect but they still allowed some excellent Dom short trades in all our GBP pairs.
The Dom long EUR/AUD struggled with an ever strengthening AUD, as did the Dom long Dax on expected German economic data. Dax volatility was very low today in comparison to the last few days, with drastically reduced points available
Thursday saw another reasonable maximum potential of 475 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 47 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 | Mar 31, 2021 | Daily Results
Early UK economic data at the London open came in mixed but mainly positive. This boosted our Dom long GBP pairs and showed us to avoid our Dom short GBP/USD. ICS Balances were not good again so faith was needed for our technical Dom trends, of which they didn’t disappoint.
The Dom long EUR/AUD and German Dax did well with good points available at our usual time and levels.
Wednesday saw another reasonable maximum potential of 510 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.
A MERE TEN PERCENT target of this figure would have yielded 51 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 | Mar 30, 2021 | Daily Results
The markets still appear to be in limbo, with low volumes and little momentum anywhere. Lack of economic data to stir the pot didn’t help either. We therefore had to put faith in our Dom trends and timed entries for our points, with some decent trades available.
Tuesday saw another 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.
A MERE 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 | Mar 29, 2021 | Daily Results
Individual currencies are still without definitive strength or weakness. When combined to make our pairs, momentum is obviously going to be affected. We were working on a ‘flat plus – strong ish’ UK pound today, so any GBP pair trending Dom short was going to struggle. Our Dom long pairs shone through nicely, despite far from ideal ICS Balances.
The Dom short EUR/AUD gave some decent points at our usual times, as did our Dom long German Dax.
The start of the week saw a reasonable maximum potential of 685 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.
A TEN PERCENT target of this figure would have yielded 68 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.
