Unlike yesterday, economic data played a big part in our trading today with UK and German data out from the 7am UK open. This made our trades more of a post news aftermath than just after the hour, two very different trading approaches. The good news though, UK data was mainly negative, helping our Dom short GBP pairs and a weak individual pound.
The euro started the day strong and coupled with a weak AUD, the momentum in the Dom long direction was relentless. The strong euro put the dampeners on the Dom long German Dax, along with the fact this was trending against the US Dow. All in all, there were some excellent trades in all our instruments.
Thursday saw another healthy maximum potential of 775 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A TEN PERCENT target of this figure would have yielded 77 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
For the original postings at 6am of the above instruments, join out free Telegram channel ‘Trade Forex With MaxDayTrading. Full details below.
