by Ian McArthur | Jan 7, 2021 | Daily Results
ICS Balances were far from ideal today so decent momentum was not expected. Again our GBP pairs were trending in opposite Dom trend directions on an official weak ish UK pound, with reasonable trades at our usual times.
A similar ICS Balance conflict was evident in the Dom short EUR/AUD but again, earlier trades at our usual times were decent.
The Dom long German Dax was hindered by pushing Major Resistance (H4 Chart) but despite this, points were quite plentiful.
Thursday saw a decent maximum potential of 700 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 70 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 | Jan 6, 2021 | Daily Results
Our GBP pairs did well today in both Dom trend directions. Expectedly, the Dom long GBP/JPY & GBP/USD suffered from pre-news selloffs, which disrupted the trend momentum before UK data at 9.30am.
There was also EU block & EU German data which came in mixed but kept the EUR/AUD Dom short. The German Dax was questionable as to the intraday trend, bordering Dom Cat 3 as slightly short and in conflict with the US30 & UK FTSE and hence a warning on the Silver & VIP channels.
Wednesday saw a decent maximum potential of 590 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 59 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 | Jan 5, 2021 | Daily Results
Volumes still remain low after the Christmas holidays, making you wonder if our market movers are not back at their offices or possibly trading from home. I sincerely doubt the latter so momentum may be low for the foreseeable future. Despite this, our Doms behaved well in all our instruments with good points available at our usual times.
Tuesday saw a respectable maximum potential of 890 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 89 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 | Dec 30, 2020 | Daily Results
There were many ICS Balance conflicts today apart from one, the Dom long GBP/USD which gave steady and reliable points throughout the morning. The worst and first to be eliminated from our choices was the Dom short GBP/AUD, which became even more relevant with positive UK housing data at 7am. Unsurprisingly this lifted the pair against our Doms but there were still a couple of early trades available.
The Dom short EUR/AUD and German Dax behaved fairly well on low volumes.
Wednesday saw another reasonable maximum potential of 465 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 46 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 | Dec 29, 2020 | Daily Results
Even although Brexit trade negotiations have been agreed, the pound continues to see-saw through lack of clarity as to what the deal really means. The unanimous EU vote to accept the deal left many Brexitiers wondering how much of the 1,246 page agreement will actually benefit the UK. Only time will tell and it unfortunately looks like Brexit swings in the pound aren’t going to leave us anytime soon.
The EUR/AUD & German Dax remained fairly flat but still with decent trades at our usual times.
Tuesday saw another reasonable maximum potential of 505 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 50 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 | Dec 23, 2020 | Daily Results
The pound remained in limbo today without any economic data and the aftermath of EU trade talks which continue to drag on. All our GBP pairs were technically Dom long but we had restricted trend momentum on poor ICS Balances.
There was also conflict in the Dom short EUR/AUD but in all cases the Doms ruled, as they also did in the Dax which was helped on by positive German data at 7am.
Wednesday saw a reasonable maximum potential of 675 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 67 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.
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