by Ian McArthur | Mar 29, 2020 | Weekly Roundup
Friday saw volatility drop slightly throughout all our instruments, which have reflected in lower spreads but still nowhere near their normal average. Expect higher broker charges ’till at least the end of this year.
Our GBP pairs performed very well, along with the EUR/AUD. The German Dax started the morning Dom Long with very good points but it wasn’t long until more coronavirus fatality details filtered through and the price started to plummet again, ending up net short come the US open.
Today we managed another healthy maximum potential of 1,390 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30. To reiterate, I have reflected the increased spreads that we are being charged and all figures quoted are net.
A 10% target of this figure would have yielded a minimum of 139 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 22, 2020 | Weekly Roundup
There’s definitely something not right with what’s going on today. There’s now unprecedented measures being implemented that are more severe than that of the last world war. This is a ‘life changing event’ that has already surpassed 9/11 and the crash of 2008. Looking on the bright side, closed borders could limit mass immigration that has already damaged many countries, the UK included.
The other ‘silver lining’ is that trading the financial markets has literally been unaffected, while other sectors have seen mass redundancies. IF the ‘elite’ are orchestrating this, they need the markets as much as we do!
And another silver lining has been the accuracy of the Doms! They cease to amaze me and I’m the creator! Increased volatility has also seen a huge increase in potential point gains too.
Friday saw another eye watering maximum potential and a Max Day Trading record of 2,770 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 277 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 16, 2020 | Weekly Roundup
The carnage, hysteria and meltdown continue. Stocks in freefall yet again with additional hundreds of billions being wiped off the value of shares and people losing their jobs and livelihoods. Yet I look out my window and all looks quite normal. No mass destruction or bombs going off, no zombies walking the streets, shops fully stocked where I am. Just when will all this madness end?
Ironically, Friday saw another decent day in both our Long and Short Dom directions in all instruments, with early Jath trades being spot on. Aggressive profit taking saw some manic movements leading up to the US open though.
Again we had high volatility with a maximum potential of 1,520 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 152 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 Now Under 5,000
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by admin | Mar 2, 2020 | Weekly Roundup
MONDAY
Any strength the pound may gain through positive UK data will quickly erode with the hardline approach the government is giving the EU in trade negotiations. This is due to all the left wing liberal remainers being removed from the PM’s cabinet, along with the continuing purge amongst top civil servants.
Technically our GBP pairs started the London open Dom Long, after the long run of good UK data from last week. With the realisation of the above, we knew from the onset that any long trades were going to be difficult, though there were still several decent trades to be had.
The EUR/AUD was technically Dom Long with good trades but the prise of the day has to go to the Dom Short German Dax. Even in the wake of good German data, the short was relentless on the back of the Coronavirus which has affected all world stockmarkets.
Despite the reduced points from our currency pairs, we still had another very respectable maximum potential of 660 points from specific Max Day Trading time/price level entries from the London morning session alone, with 335 coming from the Dax alone.
A 10% target of this figure would have yielded a minimum of 66 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.
TUESDAY
The pound was behaving in a more technical fashion today, save the GBP/AUD on a gradually weakening AUD. We had both long and short Doms with good points in both directions. The pounds strength was also bolstered by a general transfer of risk from stocks to currencies due to the Coronavirus
The EUR/AUD was Dom Long with some nice trades and the ever strengthening euro again playing very well with the Dom Short German Dax with some excellent points available. The short Doms being further bolstered by negative German data and the further concern of the Coronavirus. This continues to create increased volatility in worldwide stocks, with no escape from the slide. This gave a potential of 325 points from the Dax alone.
Today our currency pairs yielded better points than yesterday and we had another very respectable maximum potential of 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 71 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.
WEDNESDAY
Another topsy turvy day for our GBP pairs. Yesterdays strength in the pound was quickly eroded after the London open on continuing Brexit fundamentals. The good thing is all our early Jath trades never seem to be affected and there were some good long trades before the rot set in. The EUR/AUD was technically Dom Long with some very good trades available. Regardless of the strong euro, there was very little to stop the relentless Dom Short German Dax. However such huge selloffs (655 points) saw a rebound leading up to the US open.
Today we had a mind boggling maximum potential of 1,205 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 120 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.
THURSDAY
We had another excellent day with a maximum potential of 795 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 79 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.
FRIDAY
Friday was another excellent day for our Doms, with our GBP pairs being both long and short and excellent points available.
The EUR/AUD was Dom Long with good trades and the German Dax was Dom Short and this was despite some excellent German unemployment figures.
We had an outstanding day with a maximum potential of 1,390 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 139 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.
THE TRADE OF THE WEEK