Our technical Dom conclusions appeared to be in conflict with our GBP pairs but yet again, safe, plentiful trades were had in both the Dom Long & Short trend directions. Our Dom Long pairs continued their direction through the US open and way beyond. Even our Dom Short GBP/AUD remained fairly short and this was even on the back of favourable UK data at 9.30am.
The EUR/AUD was Dom Short and this plummeted throughout the day, breaching Major Support on several occasions and some excellent points to be had.
The weak Euro helped our Dom Long German Dax and there were some very good early trades until negative German data gave us a ‘step down’ of the original trend before resuming the long trend while continually breaching Major Resistance.
Today we managed a respectable maximum potential of 745 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 74 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.
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