by Ian McArthur | May 14, 2020 | Daily Results
Today we saw some decent divergence within the our currency strength indexes and these gave us some glaring choices, though major supports kept a lid on overall points in our 2 our Dom short GBP pairs, while the other was long. Good points were had in both Dom trend directions.
Our EUR/AUD was Dom Long tody but the trend was ‘niggled’ by the proverbal strengthening of the AUD Index which started the day as weak. Still some good long trades available.
The German Dax was Dom Short with some excellent, though manic trades to be had.
We managed another very decent maximum potential of 815 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 81 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.
For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.
by Ian McArthur | May 14, 2020 | Daily Results
Our Dom Short GBP pairs were literally a write off from the UK open with this extremely annoying new time of 7am for UK data announcements. If we had the usual time of 9.30am we could have enjoyed pre news selloffs in the short direction, encompassing all our usual Jath times. The outcome of the news then would be irrelevant as our points would already have been made. Instead we had overall positive data at 7am which strengthened the pound against our short Doms. At this point it was always going to be the positive news versus the short Doms. The Doms won! However this seriously restricted the amount of trades and therefore points available but we still did OK and the price plummeted into the US open and beyond.
The Dom Long EUR/AUD suffered again by a strengthening AUD Index which started the day ‘flat plus’ and continued to gain strength until plummeting into the US session. There were still some very good trades and points available.
The Dom Short German Dax yielded some excellent points too but ended up fairly flat come the US open. This then proceeded to follow the US30 off a cliff on negative US data.
Today we managed another decent maximum potential of 645 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 64 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.
For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.
by Ian McArthur | May 12, 2020 | Daily Results
Trading shifted to a more technical angle today, although fundamentals are still lurking in the background. Our individual currency strength indexes were themselves very non-directional so overall momentum within pairs was not expected. The GBP Index started off ‘weak ish’ and this continued throughout the day but we still had good trades in both our Dom Long and Short direction.
All AUD linked pairs suffered again from an initially ‘weak plus’ AUD Index at the UK open to strong into the US open. This played havoc with the EUR/AUD & GBP/AUD which were both Dom Long. The strengthening AUD drove the these prices down but not before some decent early trades in each. The beauty of all this? Expectation from the open!
The Dom Long German Dax remained fairly flat due to a strengthening EUR but again there were some very decent trades early on.
Today we managed a decent maximum potential of 545 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 45 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.
For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.
by Ian McArthur | May 11, 2020 | Daily Results
Fundamentals played absolute havoc with our technical Doms today. The pound index started off strong at the UK open but it wasn’t long before the London market movers started dumping the GBP based literally on the mixed messages in last nights PM speech about the coronavirus and the UK economy. There was also an EU court ruling that could have serious ramifications to our own courts. The usual bullying tactics.
This disrupted our Dom Long GBP/JPY and GBP/USD but not before some decent early trades. You may have thought this would play into the hands of our Dom Short GBP/AUD. No such luck. We had the proverbial strength reversal of the AUD, which started the session strong but plummeted in the early hours. This also played havoc with the Dom Short EUR/AUD, sending this long.
The German Dax started Dom long but announcements on the German federal deficit looking to triple by the end of this year had stocks heading south very quickly. This was compounded by an unexpected spike in German coronavirus infections. Fundamentally there were spanners thrown in all our instruments and whatever could go wrong did go wrong.
HOWEVER despite all this, we still had some good early trades and managed a maximum potential of 395 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 39 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.
The quicker we get rid of these additional fundamentals and get back to predictive technical trading, the easier and better things will be. Until then, we’re just going to have to put up with these disruptions which could be amplified with a return of the dreaded Brexit negotiations. Does anyone have a time machine ???
For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.
by Ian McArthur | May 7, 2020 | Daily Results
Today was in total contrast from yesterday with fundamental spikes that put a few spanners in our works. High volatility UK data was announced from the London open at 7am, this being interest rates. These are usually announced at 12pm so it’s a little strange why this is happening. Even although the data was expected, interest rate decisions have a tendency of strengthening the countries currencies, and the pound strengthened against our Dom Short GBP pairs. There were still a couple of good trades but the best was the GBP/AUD which remained net short on a strengthening AUD.
The EUR/AUD had a conflicting ICS Balance and would have been avoided in the first place. No Dom trades in this pair today.
The German Dax started the day as a Dom 2 Long which isn’t usually tradable from the UK open. However despite negative German data, coronavirus fundamentals and strong sector earnings pushed the Dax to a Dom 3 Long into the US open. There were still some good early points in the short direction before the price strengthened.
We still managed a decent maximum potential of 510 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 51 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.
For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.
by Ian McArthur | May 6, 2020 | Daily Results
We had another superbly accurate day with our Dom trend directions and specific trade entries. Our Dom Short GBP pairs were helped on from the UK open with up-and-coming high volatility news at 9.30am. Not only did we have a huge pre news sell-off, the price continued short on large deviation negative UK Construction data.
The EUR/AUD was Dom Short until a rebound from the US open, mainly due to a poor ICS Balance. All UK morning trades were very good with easy entry levels.
The German Dax was Dom Long with excellent trades in its usual manic fashion.
We had another very respectable maximum potential of 885 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 88 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.
For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.
