Our technical Doms did far better today with net directions getting back to 100% by the end of the London morning session. However the markets are still manic and unpredictable (for your average trader!) with the continuing battle between economic data, coronavirus fundamentals and market movers who are battling to push prices in their preferred direction.
Volatility still remains on the high side (along with brokers spreads) and today we managed another very respectable maximum potential of 1,485 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 148 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.
