Today wasn’t quite so dramatic and relentless as yesterday. However we still had the majority of our instruments finishing net as per our Dom trend conclusions at the US open and ALL had good points in said trends in the first two to three hours of the UK open. The GBP Index started as Flat Plus but quickly lost any strength from the onset which favoured well with our Dom Short GBP pairs.
The EUR/AUD again suffered from an initial strong AUD Index which weakened from 7am. I can only put this down to profit taking from the Asia session where there was positive AU Data. Still some good early trades to be had.
The Dom Long Dax suffered a little with early negative German Data but this didn’t prevent our usual long trades with some excellent points and the price really took off in the US session.
Volumes and volatility are still on the low side but we still managed a respectable 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.
