by Ian McArthur | Apr 23, 2020 | Daily Results
There was quite a lot of economic data covering Europe, the UK and the US. Starting with the UK, we has a string of negative data from 9.30am which we knew was going disrupt our long Doms. However our GBP pairs fared much better today than yesterday. We expected the usual pre-news selloffs, which we got and by the time the news was announced, the negative news was already built in and surprisingly enough the long Doms continued not long after.
Our ICS Balances were good in some pairs and not so good in other.
One of the best was the EUD/AUD which dropped like a stone on our short Doms. This was a similar with the German Dax. Dom Long with negative news with the price built in and our long Doms continued.
Today we had another very respectable maximum potential of 920 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 92 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.
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by Ian McArthur | Apr 21, 2020 | Daily Results
Current economic data releases are confusing in the fact that we’re well into the latter half of April yet we are still getting data for February, with the all important March still in the background. A main example today was the UK unemployment rate of 4.0% – as of February . Strange. On the Oil front, the new WTI contract started the day at $19.78pb but quickly dropped to $6.48pb on continued storage concerns before recovering slightly to $12.96 at the time of writing. We also have API Weekly Crude Oil Stocks out shortly. Will be interesting to see the figure and how the price reacts.
All our instruments did very well today in both our long and short Dom trend directions with some excellent points available. Volumes and volatility have settled but still our brokers continue to charge over the odds, a bit like how we’re still getting ripped off at the petrol/diesel pumps!
Today we had a very respectable maximum potential of 920 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 92 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 | Apr 20, 2020 | Daily Results
Remember this day as we are seeing history in the making. US Oil fell to as low as 1 Cent a barrel, the lowest in it’s entire history of before settling at 10.5 Cents on suspension of trading. Back in June 2008, US Oil hit a high of just over $147 per barrel. This is the current ‘cash’ contract which I believe expires later tonight. All future contracts are trading higher but still at unprecedented lows. Will be interesting to see what the new cash contract trades at. The main reason for this is lack of storage in the US, all are full to the brim upon lack of demand from the coronavirus. I will also expect a huge reduction in US Shale oil rigs as some have a break-even of $40pb. Fridays Baker Hughes oil rig count will also be interesting as the current number stands at 529.
Anyway, our GBP pairs, which were technically Dom short did very well today with some good points available on far from ideal ICS Balances. One of the worst ICS Balance was the EUR/AUD and this showed on the manic movement of price. However we knew this before we traded and this was one to avoid.
The German Dax was the same. This started the morning in conflict with the US Dow and negative German data didn’t bode well with our long Doms. Despite this there were some excellent early trades in the long direction, though identifying price entries was more tricky than normal.
Volatility is now levelling off and even our brokers spreads are nearing normal too. This gave us a maximum potential of 475 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 47 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 | Apr 16, 2020 | Daily Results
The markets seem to be consolidating at the moment with little overall strength or direction. The coronavirus pandemic is even overriding official economic data, as announcements are having little effect while the world awaits with baited breath for a miracle vaccine or cure. Until this happens, the markets are going to be driven far more fundamentally which makes any form of technical trading more difficult.
Despite this, there were still some good trades in both our Dom long and short directions and our minimum targets were hit with ease.
Volatility and volumes are steadying during this consolidation period but again, brokers seem to be forgetting this!
Today we managed a maximum potential of 690 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 69 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 | Apr 15, 2020 | Daily Results
Today was very much like yesterday, with some glaring choices and obvious omissions due to heavy conflicts within our ICS Balances. Again we were fortunate enough to be fully aware of this before we started trading and were able to pick the instruments with the best trend momentum.
We also had the proverbial coronavirus fundamentals disrupting the German Dax on the announcement of their lockdown extending to mid May. As stocks plummeted, risk was transferred to currencies. As the Dow follows the Dax until the US open, we not only saw a strengthening of the EUR but also the USD which had initially started the day as Weak Plus and ended up strong as the morning progressed. This obviously had a knock on effect with our EUR & USD pairings, some good and some bad. Again, our early trades did well with some excellent points in our chosen instruments (best ICS Balance).
Volatility is now levelling off (unlike our spreads!) with a maximum potential of 720 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 72 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 | Apr 14, 2020 | Daily Results
Today was far from ideal in comparison to what we are used to. Trends were very manic and unpredictable no matter what approach you were using. However the beauty of the Max Day Trading Domino Effect and related technical analysis, is we knew BEFORE the markets opened that things weren’t going to be easy. So maybe take a day off, or just cherry pick the more obvious?? Despite all this, there were still some good early trades in our chosen Dom directions, as always.
The really annoying thing is that volumes and volatility have dropped back down to almost standard levels but our brokers are still shafting us with increased spreads. Almost 280% on one of my favourites, the German Dax (1 to 2.8 points).
We had some decent trades in both our technically long and short Dom directions with a maximum potential of 425 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 42 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.
