by Ian McArthur | Jan 24, 2022 | Daily Results
Individual Currency Strength Balances (ICS Balance) were not particularly good today so there was more reliance in our Dom technical conclusions, and they did not disappoint. Volumes appear to have increased too so the combination gave us some excellent points at our usual times.
Negative UK economic data at 9.30am helped our Dom short GBP/JPY, yet our Dom long GBP/AUD still gave us some good points despite the negative news.
The Dom long EUR/AUD gave some good points but the big surprise was the Dom short Dax. Positive German economic data did little to stem the short trend and here we had the highest point gains this year.
Monday saw a vastly improved maximum potential of 1,045 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 209 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Jan 19, 2022 | Daily Results
Early UK & German economic data went against our technical Dom conclusions, leaving an unpredictable UK morning session. This mainly affected the Dom short GBP/JPY and Dom short German Dax but there were still some decent trades at our usual times.
The Dom short GBP/AUD and Dom short EUR/AUD fared well on better ICS Balances, though prices were still a bit manic.
Wednesday saw a slightly reduced maximum potential of 435 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 87 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Jan 18, 2022 | Daily Results
ICS Balances within our currency pairs gave us a clear warning of price instability and lack of price momentum within trends – before the UK session had even started. Even positive UK economic data couldn’t strengthen the GBP Index and after a short ‘blip’ long, the price reverted back to short/Weak Ish.
The German Dax was in conflict with with the NAS100 and DOW30 but we still had some decent early and late trades.
Tuesday saw a reasonable maximum potential of 555 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 111 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Jan 18, 2022 | Daily Results
by Ian McArthur | Jan 13, 2022 | Daily Results
Poor ICS Balances within our pairs gave us a prior warning of a lack of trend momentum within our currency pairs from the UK open. Ironically, the main pair I traded today was the now defunct GBP/USD, which had the best balance and momentum by far. All other pairs still gave decent points at our usual times. The markets need some strong (or weak) economic data to stir the pot, something that has been lacking all week.
The Dom short German Dax did well in the early hours but a trend conflict with the NAS100 and FTSE100 pushed the price higher in the latter part of the UK morning session.
Thursday saw another reasonable maximum potential of 425 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 85 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Jan 12, 2022 | Daily Results
Volumes and volatility remain on the low side with little momentum anywhere. There was some early (7am) negative German data of which the price reaction of the Dom long Dax didn’t kick in until after 8am. After an initial climb, the price plummeted before recovering for our 9am trade and some excellent points to boot.
Wednesday saw another reasonable maximum potential of 475 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 95 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
