by Ian McArthur | Feb 3, 2022 | Daily Results
Despite poor ICS Balances within our currency pairs today, Dom trend technical analysis saw definitive movements throughout the whole of the UK morning session. The strength of the GBP Index was influenced by the expectation of an Interest Rate forecast at 12pm. Once this was confirmed, the GBP shot up but has since settled. Our Dom long GBP pairs did well, on slightly manic movements with volatility remaining on the low side.
The Dom long EUR/AUD remained in consolidation mode, due to a similar Interest Rate decision, though this time the forecast remained the same as the previous. Decent points were still available at our usual times.
The Dom short Dax did well but again, volatility and the typical manic nature of the price movement made entries far from easy, though some very good points were available.
Thursday saw an improved maximum potential of 590 from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.
JUST A TWENTY PERCENT target would have yielded 118 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Feb 2, 2022 | Daily Results
The markets continue to consolidate on poor ICS Balances. Again and ironically, it was the GBP/USD that gave best momentum on a decent ICS Balance. Despite all this, decent points were still available at our usual times.
Wednesday saw a reduced maximum potential of 470 from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.
JUST A TWENTY PERCENT target would have yielded 94 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Feb 1, 2022 | Daily Results
ICS Balances immediately informed us of instability and manic price movements, with little trend momentum within our currency pairs. Days like this you you can either take your chances or wait until better balances return. Early positive UK economic data played havoc with our Dom short GBP pairs, as this lifted the GBP Index from the onset. Decent points were still available at our usual times but these were not the easiest.
The Dom long Dax bucked the trend on negative German economic data, meaning that the price unexpectedly continued to rise.
Tuesday saw another reasonable maximum potential of 695 from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.
JUST A TWENTY PERCENT target would have yielded 139 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Jan 31, 2022 | Daily Results
We were fully aware before we started trading today that due to an ICS Balance conflict, the Dom long GBP/AUD and EUR/AUD would struggle with momentum as strong currencies within pairs battled it out. The only decent pair was the Dom long GBP/JPY which still had a conflict but nowhere near as bad as the former. A weakening JPY Index helped the long trend up to the end of the UK morning session, which then saw the GBP drop like a stone after 12pm.
Early Dom long Dax trades were decent but manic as usual, however negative EU GDP data brought the index down in the latter part of the morning session, with a net short come the start of the NY session.
Monday saw a reasonable maximum potential of 610 from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.
JUST A TWENTY PERCENT target would have yielded 122 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Jan 27, 2022 | Daily Results
GBP/AUD & EUR/AUD both had conflicting ICS Balances before the UK session started, notifying us of manic movements and little momentum. However we still had some decent points at our usual times. The GBP/JPY gave our best points in our currency pairs on a slightly better ICS Balance and would have been our first choice this morning.
The Dax did very well on early positive German data and again volumes and volatility are very high, making for some nervous trading due to the manic nature of the price movement.
Thursday saw another very reasonable maximum potential of 855 from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.
JUST A TWENTY PERCENT target would have yielded 171 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Jan 25, 2022 | Daily Results
ICS Balances remain in conflict within our currency pairs and this very much reduced trend momentum. The beauty is we knew this before the UK morning session even started. You could confidently choose whether to battle with the markets (and still gain points) or just take the day off until momentums strengthen again.
Mixed German economic data did little to deter the Dom short Dax but the big observation here is volatility. All currency pairs have increased in volumes recently but the Dax has increased massively. This can make trading quite dangerous as even small counter trends could trigger a stop-loss. Overall point gains were exceptional.
Tuesday saw another vastly improved maximum potential of 1,025 (just 20 down on yesterday) from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.
JUST A TWENTY PERCENT target would have yielded 205 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
