Low volumes and lack of GB & EU economic data saw another ‘quiet’ UK morning session. ICS Indexes were hitty missy but all currency Doms trends yielded some very decent points, considering the overall lack of volatility.
The German Dax was up to its usual tricks with some very manic moves, especially at our 8am trade. The entry level was terrible but the times were neigh on perfect, with a fall in the price from 8.06am, dropping over 105 points. The 6am, 7am and 9am’s were far easier. The main culprits for this were a weakening EUR once the UK opened and also a conflict with the US Dow which was trending long.
Monday saw a decent maximum potential of 595 from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 59 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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