by Ian McArthur | Mar 19, 2020 | Daily Results
The big surprise today was yet another unexpected UK Interest Rate cut by the BOE from 0.25% to 0.1%. With the pound being so oversold, this actually had little effect where normally the GBP would drop like a stone. This, along with other instruments are now massively oversold due to ongoing Coronavirus fundamentals that it’s hard to determine where the reversal points will be. Stocks are again heading south after a brief climb just after the London open but have recovered somewhat in the US session. This of course is making technical trading a little more difficult and with the increased volatility, quite dangerous too.
There was more swings instead of outright trends today but everything behaved for our early Jath trades. This chaos was reflected more so in our AUD pairs as there was some good news amongst the carnage for a change with positive Employment data which lifted an initially weak AUD.
Today we had very high volatility and have been paying for this with increased spreads from our brokers (Greed!) Early Doms were still good in both directions within our instruments but price was more manic with little momentum.
Another eye watering day with a maximum potential of 2,735 points (up 600 on yesterday) 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 273 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 | Mar 18, 2020 | Daily Results, News
The madness continues. The Dow shed another 2,490 points since yesterdays high, the Dax 850 and the FTSE 390.
The GBP has plummeted to levels lower than after the Brexit vote. This following post from the MailOnline sums the situation up perfectly (in my view).
However and yet again we had perfect Doms in both directions within our instruments.
Another very high volatility day with an eye watering maximum potential of 2,135 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 213 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 | Mar 17, 2020 | Daily Results
Stocks have recovered slightly today as day traders pick up some bargains and larger traders liquidate short positions. The Germans were up to their usual tricks, well knowing the data outcome before the release.
Again today, all our currency Dom trades in both the long and short direction were excellent. The only exception was the notorious long Dom German Dax on large deviation negative data.
The Coronavirus is still dominating the news and the world continues to shut down. Utter madness.
We had high volatility in all instruments again with an impressive maximum potential of 1,610 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 161 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.
Something very interesting was brought to light today. The Coronavirus was manufactured in China, yet their stock market has by far suffered the least. Here are some weekly chart comparisons:
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by Ian McArthur | Mar 17, 2020 | Daily Results
The carnage and hysteria continues with the Dow and FTSE shedding value at unprecedented rates. The 9/11 terrorist attack in the US saw an approx 2,100 point drop in the Dow and 1,100 in the FTSE. The crash of 2008 saw 7,700 off the Dow and 2,900 off the FTSE. Since mid January when the (preceived!) severity of the Coronavirus first surfaced, the Dow has plummeted 9,400 points and the FTSE 2,800. Even in just the last 24 hours, things seem to be accelerating with the Dow shedding another 3,000 points and the FTSE 860 with a slight recovery in both later in the session.
Yet again and despite all this, Dom trades in both long and short directions were absolutely spot on.
Again we had high volatility in all instruments with a huge maximum potential of 2,290 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 229 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 | Mar 13, 2020 | Daily Results
Fundamentals are having a far greater influence in predictable technical conclusions no matter what strategy you work, with markets literally in ‘meltdown’ over the Coronavirus pandemic. This is now being compared to 9/11 and the crash of 2008.
Despite all this, our Doms have been absolutely spot on yet again with excellent trades available in our chosen directions.
Thursday saw high volatility again with a maximum potential of 1,715 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 171 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.
GBP/UDS down to $1.25223
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by Ian McArthur | Mar 11, 2020 | Daily Results
The Coronavirus takes centre stage yet again as it continues to decimate not only the markets, but peoples way of life. Italy is now on full lockdown and sporting events are getting cancelled all over the world. Even a premiere league football match here in the UK was cancelled tonight and things are set to get much worse before they get better. All this of course, is affecting world stock markets and as I predicted yesterday, the brief rally was short lived and indices are all plummeting again.
This however this doesn’t stop us making money! The increased volatility is giving us increased overall point gains in our technical Dom directions, although movement can be manic and brutal, especially if you get it wrong. That being said, our Doms did very well again today, especially early trading on the Dom Short GBP pairs that fell off a cliff when the unscheduled and unexpected UK interest rate cut of 0.5% was announced at 7am, on google, not our usual calendars! This caused another fundamental conflict of risk transfer away from stocks and back into currencies, which in turn saw a recovery from the initial big falls.
The increased volatility saw another exceptional but manic day with a maximum potential of 1,565 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 156 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.
FTSE 100
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