The markets are now showing a good deal of instability as the 3 way battle between technical, standard fundamental and coronavirus heats up. Another problem we had today were the weekend gaps, some of which were much larger than usual. The instability was evident with positive EU news which went on to weaken the EUR and negative UK news that strengthened the GBP. Another problem we had were far from ideal ICS Balances. Very dangerous times and one of the worst technical Doms I’ve seen for a long while.
However ALL our early trades complied with our Dom conclusions and there were ample trades available, giving us our minimum targets with ease.
Despite the market instability, we still managed a respectable maximum potential of 805 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 80 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.