by Ian McArthur | Mar 2, 2021 | Daily Results
Early UK & German economic data put a spanner into our GBP pairs and Dax index, with positive UK data on Dom short GBP pairs and negative German data on the Dom long Dax. However the Dom trends mainly stuck apart from some later movements due to poor ICS Balances.
Tuesday saw another reasonable maximum potential of 795 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 79 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 1, 2021 | Daily Results
ICS Balances were far from good today in all our currency pairs, so the focus was on the Dom long Dax. Positive German economic data at 8.55am boosted the trend until some late selloffs heading to the end of the UK morning session.
Our Dom long GBP pairs suffered from early pre-news selloffs but positive UK economic data gave all pairs a decent lift from the 9.30am announcement.
Monday saw a reasonable maximum potential of 600 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 60 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 | Feb 25, 2021 | Daily Results
ICS Balances were far from ideal, especially when we’ve got the GBP pairs trending in both directions. From the open, the best balance was the GBP/AUD, with some very good points available.
Again we had a major conflicting ICS Balance in the Dom short EUR/AUD, with early EU data giving strength to the euro.
Apparent positive German data did little to lift the Dom long Dax, which dropped throughout the morning. When I say ‘apparent’ – Consumer Climate came in at -12.9 which is still bad.
Thursday saw another reasonable maximum potential of 540 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 54 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 | Feb 24, 2021 | Daily Results
The GBP Index started the day on the strong side but there was high volatility rated data scheduled for later in the day. This resulted in GBP liquidations, taking the edge off its strength. ICS Balances were hitty missy with our best pair being the GBP/JPY. Again, we knew this before the UK open!
Our main casualty today was the Dom short Dax, reacting to positive German data at 7am. This actually could have been tradeable in the opposing Dom direction, based purely on the change of sentiment. However for our records, just one small trade was available at 6am in our technical Dom trend direction.
Wednesday saw a reasonable maximum potential of 430 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 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 | Feb 23, 2021 | Daily Results
Our GBP pairs were trending both Dom long and short today, so it came as no surprise that our Dom short pairs suffered from positive UK economic data at 7am. However there was some good pre-news selloffs in our Dom short pairs at our 6am trade time.
The Dom short EUR/AUD suffered from a poor ICS Balance, with 2 strong currencies battling it out offering limited points.
The big eye opener today was the Dom long German Dax. Apart from some decent early trades, the index literally fell off a cliff for no apparent technical or fundamental reason. The only explanation I can give was an article by a major broker that stated for the first time since the beginning of January, their clients were net long on positions. I think some big market movers were looking to take out their stops!!
Tuesday saw a reduced maximum potential of 315 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 31 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 | Feb 22, 2021 | Daily Results
There was little improvement in our ICS Balances to start the week, so more emphasis had to be made with our Dom technical analysis conclusions. As usual they didn’t disappoint. Entries weren’t the usual ‘pin point’ but they were still identifiable at our usual times. Volumes still remain low for this time of year.
The only one we had to watch was the Dom long Dax, which initially suffered from early negative Covid data. This nicely turned around after positive German data at 9am with some excellent points available.
Monday 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.
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.
