The markets seem to be consolidating at the moment with little overall strength or direction. The coronavirus pandemic is even overriding official economic data, as announcements are having little effect while the world awaits with baited breath for a miracle vaccine or cure. Until this happens, the markets are going to be driven far more fundamentally which makes any form of technical trading more difficult.
Despite this, there were still some good trades in both our Dom long and short directions and our minimum targets were hit with ease.
Volatility and volumes are steadying during this consolidation period but again, brokers seem to be forgetting this!
Today we managed a maximum potential of 690 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 69 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.
