Another very frustrating day for our technical Doms as further announcements regarding Brexit and Covid put a spanner in 4 out of 5 of our instruments. All our currencies were Dom long and the news weakened both the pound and euro. This was exasperated by poor ICS Balances and very low volumes in most pairs. Thankfully our early trades did fairly well and some decent points were still to be had before the rot set in.
The news also affected the Dom short Dax, along with early German data but volumes remain painfully low.
Thursday saw a greatly reduced maximum potential of 270 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 27 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.
