The Coronavirus takes centre stage yet again as it continues to decimate not only the markets, but peoples way of life. Italy is now on full lockdown and sporting events are getting cancelled all over the world. Even a premiere league football match here in the UK was cancelled tonight and things are set to get much worse before they get better. All this of course, is affecting world stock markets and as I predicted yesterday, the brief rally was short lived and indices are all plummeting again.
This however this doesn’t stop us making money! The increased volatility is giving us increased overall point gains in our technical Dom directions, although movement can be manic and brutal, especially if you get it wrong. That being said, our Doms did very well again today, especially early trading on the Dom Short GBP pairs that fell off a cliff when the unscheduled and unexpected UK interest rate cut of 0.5% was announced at 7am, on google, not our usual calendars! This caused another fundamental conflict of risk transfer away from stocks and back into currencies, which in turn saw a recovery from the initial big falls.
The increased volatility saw another exceptional but manic day with a maximum potential of 1,565 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 156 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
