The weak UK pound made a little headway after positive economic data mid morning. However ICS Balances remained poor, as did volumes and volatility which remain extremely low for the time of year. Thankfully our usual Dom time/trend entries did well under the circumstances.

One of the biggest problems with low volatility (along with lack of points) is deceiving price movements on our charts. Patterns, breakouts and counters look exaggerated but with little points between extremities, overall trends and momentum are very weak.

Friday saw another reasonable maximum potential of 550 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.

JUST A TEN PERCENT target of this figure would have yielded 55 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.

WEEKLY TOTAL: 2,265 points over 4 days. Just a 10% target would yield 226 points.