The pound index started the day as ‘weak ish’ and continued to weaken more after the UK open. This would make any Dom Long GBP pairs struggle, as our USD pairing did but not before some decent early points. Our Dom Short pairs did very well, especially the AUD pairing due to the strong divergence between the currency strengths with some exceptional points available.
We knew from the onset that the Dom Short EUR/AUD was going to struggle as both currencies were strong with literally full convergence within our ICS Balances. However our usual early trades did well and even some later ones did good.
There was a similar problem with the Dom Short German Dax. Despite having the benefit of a strong euro, there was a conflict with the US Dow 30 which was trending long. However again the Doms ruled with our early trades and after some manic spikes, there were some excellent trades later in the morning.
Today saw similar gains to yesterday with a respectable maximum potential of 765 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 76 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.
