by Ian McArthur | May 8, 2021 | Weekly Roundup
WELCOME TO OUR WEEKLY ROUNDUP.
Coronavirus, EU relations (Brexit) and US voting fraud investigations continue to cause very low volumes and volatility, as the markets wait for clearer conclusions as to final outcomes. This still may take quite a bit of time.
FRIDAY
The end of the week saw volumes plummet again with very little momentum anywhere. Mixed German economic data and negative UK data had little effect on related instruments, with the pound actually gaining strength during the UK morning session.
Market hesitation could have possible been attributed to the up-and-coming US NFP, which ended up being some of the worst figures and deviations from expected that I’ve ever seen. Hardly surprising considering the current administration.
Despite all this, all our instruments still gave some decent points at our usual times, with the Dom long Dax stealing the show.
Friday saw another reasonable maximum potential of 560 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 56 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.
WEEKLY POINTS: 2,470 points over 4 days with the bank holiday. A 10% target would yield 247 net points.
by Ian McArthur | Apr 24, 2021 | Weekly Roundup
WELCOME TO OUR WEEKLY ROUNDUP.
Coronavirus, EU relations (Brexit) and US voting fraud investigations continue to cause very low volumes and volatility, as the markets wait for clearer conclusions as to final outcomes. This still may take quite a bit of time.
FRIDAY
Early UK economic data made technical trading at 7am almost redundant in our GBP pairs. However the positive news did little to lift the strength of the pound and later trades were still fairly decent.
The best ICS Balance, for a change, was the EUR/AUD and this gave more relaxed points with easy entries and exits.
There was an early warning on the Dax 6am analysis, which was trending almost flat though slightly short. Positive German data at 8.30am should have seen the trend reverse but this stayed the same with some good, though manic trades.
Friday saw another decent maximum potential of 570 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.
WEEKLY TOTALS.2,975 genuine potential points Monday to Friday. A 10% target would have yielded 297 points.
by Ian McArthur | Apr 9, 2021 | Weekly Roundup
The weak UK pound made a little headway after positive economic data mid morning. However ICS Balances remained poor, as did volumes and volatility which remain extremely low for the time of year. Thankfully our usual Dom time/trend entries did well under the circumstances.
One of the biggest problems with low volatility (along with lack of points) is deceiving price movements on our charts. Patterns, breakouts and counters look exaggerated but with little points between extremities, overall trends and momentum are very weak.
Friday saw another reasonable maximum potential of 550 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 55 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.
WEEKLY TOTAL: 2,265 points over 4 days. Just a 10% target would yield 226 points.
by Ian McArthur | Apr 1, 2021 | Weekly Roundup
Along with poor ICS Balances today, there were economic data announcements for the UK, Germany and the EU Block. Regardless, our Dom trends worked very well with good points at our usual times. The markets still appear to be in a state of ‘limbo’ with very low volumes for this time of year.
Thursday saw another reasonable maximum potential of 535 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 MERE 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.
This weekly total is over 4 days due to the Easter holidays.
by Ian McArthur | Mar 19, 2021 | Weekly Roundup
WELCOME TO OUR FRIDAY ROUNDUP AND WEEKLY TOTALS.
US presidential elections continue to drag on with continued controversy over voting fraud and counting irregularities. Bidens chance of continuing as president of the United States are diminishing, as Trump discloses even more and more evidence. Biden continues to destroy America and I have a feeling that the US military will be deployed to put an end to this travesty.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 2,855 available points from from specific Max Day Trading time/price level entries from the UK morning sessions. A TEN PERCENT of this target would have yielded a minimum of 285 points for the week.
FRIDAY.
The markets continue to consolidate with low volumes and little overall direction. Most of the individual currencies that make up our pairs literally have no strength in either direction, causing poor ICS Balances. Thankfully our usual trades and strategies are still pulling some very decent points within all our instruments.
Friday saw another reasonable maximum potential of 615 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 61 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 13, 2021 | Weekly Roundup
WELCOME TO OUR FRIDAY ROUNDUP AND WEEKLY TOTALS.
US presidential elections continue to drag on with continued controversy over voting fraud and counting irregularities. Bidens chance of continuing as president of the United States are diminishing, as Trump discloses even more and more evidence.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 2,990 available points from from specific Max Day Trading time/price level entries from the UK morning sessions. A TEN PERCENT of this target would have yielded a minimum of 299 points for the week.
FRIDAY.
Individual currencies (separate indexes) are themselves trending with little momentum and in turn this is affecting overall momentum with far from ideal ICS Balances within our pairs. We saw our GBP pairs trending in opposite technical Dom directions but our usual trades remained mostly unaffected, albeit with low volumes and restricted point gains. Nearing the end of the UK morning session, the GB Pound literally fell off a cliff after very mixed economic data at 7am. I can only attribute this to negative Covid fundamentals and the the fact that the GBP Index was at the top of the H4 hour chart and we saw some aggressive profit taking.
The Dom short EUR/AUD had a poor ICS Balance with the EUR & AUD being fairly evenly matched. Early Dom trades ensured our points, as did the Dom short German Dax with very nice points available.
Friday 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.
