Our GBP pairs were under immediate pressure from the UK open, with high volatility economic data released at 7am. This came in negative which would usually be a bonus for our Dom Short pairs but apart from the short GBP/USD, the Dom Longs fell and the Dom Shorts rose. Crazy.
Some of this can be attributed to the Dom Short pairs pushing major support and the strange but not unusual weakening of the AUD from the early hours. However the strength recovered leading up to the US open. Despite all this, good Dom trades were available in both trend directions.
The EUR/AUD and German Dax were both Dom Long and were pushed on a little by positive EU CPI data with good points in both.
Today we managed another decent maximum potential of 670 points from specific Max Day Trading time/price level entries from the UK morning session, with a minimum target of just 30.
A 10% target of this figure would have yielded 67 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.
