The UK pound took one heck of a roller-coaster ride this morning, firstly on 7am economic data and then BOE (Bank Of England) statements at 11am BST. The ‘mixed’ data saw the pound rise a little and then plummet within the hour. However come 11am, the announcement of QE easing saw a huge transfer of risk from stocks to the GBP, sending the pound sharply up.
The Dom long EUR/AUD fared better today with an improved ICS Balance and we had some crazy movements in the German Dax but still with some decent points.
Thursday saw an improved maximum potential of 710 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 71 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.