by Ian McArthur | Apr 19, 2021 | News
Even with some definitively strong and weak individual currencies, ICS Balances were good in some and bad in others. One of the cleanest was the Dom Long GBP/USD (Strong -v- Weak Ish) with some decent points on low volumes. The Dom long GBP/AUD started the morning decent but a strange strengthening in the AUD index caused the price to drop by mid morning, with a recovery up to the NY Open.
The Dom long EUR/AUD remained manic with conflicting ICS Balances and the Dom long German Dax suffered a little with the strengthening Euro. Decent points were still had in all.
Monday saw another decent maximum potential of 650 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
JUST A TEN PERCENT target of this figure would have yielded 65 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Apr 7, 2021 | News
The UK pound was looking to recover from the big falls yesterday, along with the price being at the bottom of the H4 chart and technically oversold. However negative UK economic data put an abrupt end to that and the pound plummeted again. Regardless of fundamental sentiment, beware that profit taking could counter trend the price from this level.
The AUD Index took an unusual dive after the UK open, which benefited the Dom long EUR/AUD but was a spanner in the works for our Dom short GBP/AUD.
The Dom short Dax initially struggled on positive German economic data but the Doms took over in the latter half of the session with a net short come the US open.
Wednesday saw another reasonable maximum potential of 575 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
JUST A TEN PERCENT target of this figure would have yielded 57 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Mar 17, 2021 | News
ICS Balances were hitty missy today with some pairs standing out from the others, while one pair remained firmly at the back of the queue, this being the EUR/AUD. Volumes are still way down for this time of the year and even the German Dax was almost at a standstill. Still, decent points were still available at our usual times and levels.
Wednesday saw a decent maximum potential of 530 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A TEN PERCENT target of this figure would have yielded 53 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Mar 16, 2021 | News
The markets continue to consolidate with terrible ICS Balances and very little momentum anywhere. Luckily enough most of our trades at our usual times and levels still gave some very decent points.
As expected, the Dom short Dax rose well before positive German data and continued this way for the rest of the morning.
Tuesday saw a reduced maximum potential of 475 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A TEN PERCENT target of this figure would have yielded 47 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Jan 4, 2021 | News
ICS Balances were terrible in all currency pairs, so our focus was on the Dax, even although there was German data out at 8.55am. There were still feasible Dom trend trades in our pairs but momentum was limited, as expected.
Monday saw another reasonable maximum potential of 660 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A TEN PERCENT target of this figure would have yielded 66 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Apr 22, 2020 | News
Fundamentals immediately put a spanner in the works of our Dom Short GBP pairs with positive UK data at 7am. The strengthening pound was further aggravated by a weakening JPY, a weak plus AUD and a USD that strated to weaken from the London open. This eliminated any technical trades in the GBP/JPY and GBP/AUD, an extremely rare occasion. However again, we were armed with this information from the onset with our ICS Balances and this allowed us our choices.
Because of the UK data and with reference to our ICS Balances, it would have been quite feasible to safely trade the GBP/JPY & GBP/AUD in a more fundamental fashion against our technical short Doms. However this strategy is technical, not fundamental and we must stick to those rules.
Entries were manic but still at our specific Max Day Trading time/price level entries and we managed a maximum potential of 535 points from the London morning session alone on reduced instruments, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 53 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) session.
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