Trading volumes in both currency pairs and stock indices are extremely low for this time of year, which is very strange to say the least. It’s as if the markets are in limbo and waiting for something major to happen, the big question is what?
These volumes are causing poor ICS Balances and little momentum in price, reflecting in greatly reduced points from all our instruments.
Monday saw a very poor maximum potential of 375 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 37 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.
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